JOBAR: 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.
JOBAR
Largest movements
- Receivables within one year +€122,644
up €122,644 (+521%), from €23,528 to €146,172
of which Other amounts receivable: +€125,425
- Cash -€103,423
down €103,423 (-45.5%), from €227,131 to €123,708
mainly Receivables within one year (-€122,644) and Investment in fixed assets (net) (-€98,195)
- Tangible fixed assets +€63,065
up €63,065 (+8.3%), from €762,321 to €825,386
of which Furniture and vehicles: +€83,546
- Trade debts +€101,799
up €101,799 (+1,965%), from €5,181 to €106,980
- Debts after one year -€39,459
down €39,459 (-10.3%), from €382,451 to €342,992
- Reserves +€32,418
up €32,418 (+6.0%), from €544,817 to €577,235
of which Distributable reserves: +€32,418
- Other debts -€16,259
down €16,259 (-90.7%), from €17,925 to €1,666
- Gross operating margin -€106,833
down €106,833 (-38.0%), from €280,857 to €174,024
- Taxes -€37,360
down €37,360 (-51.6%), from €72,371 to €35,011
- Depreciation +€10,543
up €10,543 (+42.9%), from €24,587 to €35,129
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 | €1,015,601 | €1,097,024 | +€81,423 | +8.0% |
| Fixed assets | 21/28 | €762,321 | €825,386 | +€63,065 | +8.3% |
| Tangible fixed assets | 22/27 | €762,321 | €825,386 | +€63,065 | +8.3% |
| Plant, machinery and equipment | 23 | €22,476 | €18,930 | -€3,546 | -15.8% |
| Furniture and vehicles | 24 | €26,391 | €109,938 | +€83,546 | +317% |
| Leasing and similar rights | 25 | €15,063 | €9,891 | -€5,171 | -34.3% |
| Other tangible fixed assets | 26 | €698,390 | €686,627 | -€11,764 | -1.7% |
| Current assets | 29/58 | €253,281 | €271,638 | +€18,357 | +7.2% |
| Amounts receivable within one year | 40/41 | €23,528 | €146,172 | +€122,644 | +521% |
| Trade receivables | 40 | €22,146 | €19,365 | -€2,781 | -12.6% |
| Other amounts receivable | 41 | €1,382 | €126,807 | +€125,425 | +9,076% |
| Cash at bank and in hand | 54/58 | €227,131 | €123,708 | -€103,423 | -45.5% |
| Deferred charges and accrued income | 490/1 | €2,622 | €1,758 | -€863 | -32.9% |
| Total equity and liabilities | 10/49 | €1,015,601 | €1,097,024 | +€81,423 | +8.0% |
| Equity | 10/15 | €551,351 | €583,769 | +€32,418 | +5.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €544,817 | €577,235 | +€32,418 | +6.0% |
| Tax-exempt reserves | 132 | €16,149 | €16,149 | = | 0.0% |
| Distributable reserves | 133 | €528,667 | €561,085 | +€32,418 | +6.1% |
| Profit (loss) carried forward | 14 | €334 | €334 | = | 0.0% |
| Amounts payable | 17/49 | €464,251 | €513,255 | +€49,005 | +10.6% |
| Amounts payable after more than one year | 17 | €382,451 | €342,992 | -€39,459 | -10.3% |
| Financial debts | 170/4 | €382,451 | €342,992 | -€39,459 | -10.3% |
| Amounts payable within one year | 42/48 | €81,800 | €170,264 | +€88,464 | +108% |
| Current portion of amounts payable after more than one year | 42 | €38,831 | €39,136 | +€304 | +0.8% |
| Trade debts | 44 | €5,181 | €106,980 | +€101,799 | +1,965% |
| Suppliers | 440/4 | €5,181 | €106,980 | +€101,799 | +1,965% |
| Taxes, remuneration and social security | 45 | €19,863 | €22,482 | +€2,619 | +13.2% |
| Taxes | 450/3 | €19,863 | €22,482 | +€2,619 | +13.2% |
| Other amounts payable | 47/48 | €17,925 | €1,666 | -€16,259 | -90.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,587 | €35,129 | +€10,543 | +42.9% |
| Other operating charges | 640/8 | €5,285 | €6,802 | +€1,517 | +28.7% |
| Gross operating margin | 9900 | €280,857 | €174,024 | -€106,833 | -38.0% |
| Operating profit (loss) | 9901 | €250,986 | €132,093 | -€118,893 | -47.4% |
| Financial income | 75/76B | €986 | €785 | -€201 | -20.4% |
| Recurring financial income | 75 | €986 | €785 | -€201 | -20.4% |
| Financial charges | 65/66B | €10,104 | €8,438 | -€1,666 | -16.5% |
| Recurring financial charges | 65 | €10,104 | €8,438 | -€1,666 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €241,868 | €124,440 | -€117,428 | -48.6% |
| Income taxes | 67/77 | €72,371 | €35,011 | -€37,360 | -51.6% |
| Profit (loss) for the period | 9904 | €169,497 | €89,429 | -€80,068 | -47.2% |
| Profit (loss) for the period to be appropriated | 9905 | €169,497 | €89,429 | -€80,068 | -47.2% |
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 17 October 2026 via checked.be.