JIRAH: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
JIRAH
Largest movements
- Tangible fixed assets +€645,717
up €645,717 (+2,283%), from €28,282 to €673,999
of which Land and buildings: +€643,167
- Receivables within one year -€198,659
down €198,659 (-98.1%), from €202,597 to €3,938
of which Other amounts receivable: -€148,513
- Debts after one year +€533,020
new in 2025: €533,020
- Other debts -€69,573
down €69,573 (-47.8%), from €145,570 to €75,997
- Trade debts -€26,650
down €26,650 (-40.2%), from €66,315 to €39,665
- Current portion of long-term debt +€24,306
new in 2025: €24,306
- Gross operating margin +€20,944
up €20,944 (+196%), from €10,670 to €31,614
- Depreciation +€17,221
up €17,221 (+404%), from €4,263 to €21,485
- Financial charges +€13,371
up €13,371 (+3,637%), from €368 to €13,739
- Financial income -€4,498
no longer reported in 2025 (was €4,498)
- Taxes -€2,998
down €2,998 (-95.0%), from €3,156 to €158
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €233,065 | €684,243 | +€451,178 | +194% |
| Fixed assets | 21/28 | €28,282 | €673,999 | +€645,717 | +2,283% |
| Tangible fixed assets | 22/27 | €28,282 | €673,999 | +€645,717 | +2,283% |
| Land and buildings | 22 | €24,170 | €667,336 | +€643,167 | +2,661% |
| Plant, machinery and equipment | 23 | €256 | €3,225 | +€2,969 | +1,162% |
| Furniture and vehicles | 24 | €3,857 | €3,438 | -€419 | -10.9% |
| Current assets | 29/58 | €204,782 | €10,244 | -€194,539 | -95.0% |
| Amounts receivable within one year | 40/41 | €202,597 | €3,938 | -€198,659 | -98.1% |
| Trade receivables | 40 | €54,084 | €3,938 | -€50,146 | -92.7% |
| Other amounts receivable | 41 | €148,513 | - | -€148,513 | |
| Cash at bank and in hand | 54/58 | €2,172 | €6,306 | +€4,134 | +190% |
| Deferred charges and accrued income | 490/1 | €13 | - | -€13 | |
| Total equity and liabilities | 10/49 | €233,065 | €684,243 | +€451,178 | +194% |
| Equity | 10/15 | €7,337 | €3,195 | -€4,142 | -56.5% |
| Profit (loss) carried forward | 14 | €7,337 | €3,195 | -€4,142 | -56.5% |
| Amounts payable | 17/49 | €225,728 | €681,048 | +€455,320 | +202% |
| Amounts payable after more than one year | 17 | - | €533,020 | +€533,020 | |
| Financial debts | 170/4 | - | €533,020 | +€533,020 | |
| Amounts payable within one year | 42/48 | €225,728 | €148,028 | -€77,700 | -34.4% |
| Current portion of amounts payable after more than one year | 42 | - | €24,306 | +€24,306 | |
| Trade debts | 44 | €66,315 | €39,665 | -€26,650 | -40.2% |
| Suppliers | 440/4 | €66,315 | €39,665 | -€26,650 | -40.2% |
| Advances received on contracts in progress | 46 | €337 | - | -€337 | |
| Taxes, remuneration and social security | 45 | €13,505 | €8,059 | -€5,446 | -40.3% |
| Taxes | 450/3 | €9,568 | €6,445 | -€3,123 | -32.6% |
| Remuneration and social security | 454/9 | €3,937 | €1,615 | -€2,323 | -59.0% |
| Other amounts payable | 47/48 | €145,570 | €75,997 | -€69,573 | -47.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,263 | €21,485 | +€17,221 | +404% |
| Other operating charges | 640/8 | €44 | €374 | +€330 | +743% |
| Gross operating margin | 9900 | €10,670 | €31,614 | +€20,944 | +196% |
| Operating profit (loss) | 9901 | €6,362 | €9,755 | +€3,393 | +53.3% |
| Financial income | 75/76B | €4,498 | - | -€4,498 | |
| Recurring financial income | 75 | €4,498 | - | -€4,498 | |
| Financial charges | 65/66B | €368 | €13,739 | +€13,371 | +3,637% |
| Recurring financial charges | 65 | €368 | €13,739 | +€13,371 | +3,637% |
| Profit (loss) for the period before taxes | 9903 | €10,492 | -€3,984 | -€14,476 | |
| Income taxes | 67/77 | €3,156 | €158 | -€2,998 | -95.0% |
| Profit (loss) for the period | 9904 | €7,337 | -€4,142 | -€11,478 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,337 | -€4,142 | -€11,478 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.