JOBART: 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.
JOBART
Largest movements
- Tangible fixed assets +€262,516
up €262,516 (+520%), from €50,479 to €312,995
of which Assets under construction and advance payments: +€179,325
- Cash -€72,189
down €72,189 (-40.9%), from €176,369 to €104,180
mainly Investment in fixed assets (net) (-€282,528) and Receivables within one year (-€67,157)
- Receivables within one year +€67,157
up €67,157 (+109%), from €61,534 to €128,692
of which Other amounts receivable: +€41,385
- Debts after one year +€153,994
up €153,994 (+14,371%), from €1,072 to €155,066
- Short-term financial debts +€40,790
new in 2025: €40,790
- Reserves +€38,458
up €38,458 (+16.4%), from €234,889 to €273,346
- Trade debts +€26,785
up €26,785 (+198%), from €13,559 to €40,344
- Advances received -€26,580
no longer reported in 2025 (was €26,580)
- Gross operating margin +€26,637
up €26,637 (+36.7%), from €72,534 to €99,171
- Depreciation +€3,529
up €3,529 (+21.4%), from €16,483 to €20,012
- Financial charges +€1,442
up €1,442 (+273%), from €528 to €1,970
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 | €291,000 | €548,400 | +€257,400 | +88.5% |
| Fixed assets | 21/28 | €50,479 | €312,995 | +€262,516 | +520% |
| Tangible fixed assets | 22/27 | €50,479 | €312,995 | +€262,516 | +520% |
| Land and buildings | 22 | - | €89,925 | +€89,925 | |
| Plant, machinery and equipment | 23 | €19,025 | €21,077 | +€2,052 | +10.8% |
| Furniture and vehicles | 24 | €26,642 | €18,538 | -€8,103 | -30.4% |
| Other tangible fixed assets | 26 | €4,812 | €4,130 | -€683 | -14.2% |
| Assets under construction and advance payments | 27 | - | €179,325 | +€179,325 | |
| Current assets | 29/58 | €240,521 | €235,405 | -€5,116 | -2.1% |
| Amounts receivable within one year | 40/41 | €61,534 | €128,692 | +€67,157 | +109% |
| Trade receivables | 40 | €52,319 | €78,091 | +€25,772 | +49.3% |
| Other amounts receivable | 41 | €9,215 | €50,600 | +€41,385 | +449% |
| Cash at bank and in hand | 54/58 | €176,369 | €104,180 | -€72,189 | -40.9% |
| Deferred charges and accrued income | 490/1 | €2,618 | €2,534 | -€84 | -3.2% |
| Total equity and liabilities | 10/49 | €291,000 | €548,400 | +€257,400 | +88.5% |
| Equity | 10/15 | €236,889 | €275,346 | +€38,458 | +16.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €234,889 | €273,346 | +€38,458 | +16.4% |
| Distributable reserves | 133 | €234,889 | €273,346 | +€38,458 | +16.4% |
| Amounts payable | 17/49 | €54,112 | €273,054 | +€218,942 | +405% |
| Amounts payable after more than one year | 17 | €1,072 | €155,066 | +€153,994 | +14,371% |
| Financial debts | 170/4 | €1,072 | €155,066 | +€153,994 | +14,371% |
| Amounts payable within one year | 42/48 | €51,894 | €115,390 | +€63,495 | +122% |
| Current portion of amounts payable after more than one year | 42 | €4,154 | €1,072 | -€3,083 | -74.2% |
| Financial debts | 43 | - | €40,790 | +€40,790 | |
| Credit institutions | 430/8 | - | €40,790 | +€40,790 | |
| Trade debts | 44 | €13,559 | €40,344 | +€26,785 | +198% |
| Suppliers | 440/4 | €13,559 | €40,344 | +€26,785 | +198% |
| Advances received on contracts in progress | 46 | €26,580 | - | -€26,580 | |
| Other amounts payable | 47/48 | €7,601 | €33,184 | +€25,583 | +337% |
| Accrued charges and deferred income | 492/3 | €1,146 | €2,599 | +€1,452 | +127% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,483 | €20,012 | +€3,529 | +21.4% |
| Other operating charges | 640/8 | €1,832 | €2,640 | +€807 | +44.1% |
| Gross operating margin | 9900 | €72,534 | €99,171 | +€26,637 | +36.7% |
| Operating profit (loss) | 9901 | €54,219 | €76,519 | +€22,300 | +41.1% |
| Financial income | 75/76B | €495 | €107 | -€387 | -78.3% |
| Recurring financial income | 75 | €495 | €107 | -€387 | -78.3% |
| Financial charges | 65/66B | €528 | €1,970 | +€1,442 | +273% |
| Recurring financial charges | 65 | €528 | €1,970 | +€1,442 | +273% |
| Profit (loss) for the period before taxes | 9903 | €54,185 | €74,656 | +€20,471 | +37.8% |
| Income taxes | 67/77 | €10,717 | €11,198 | +€481 | +4.5% |
| Profit (loss) for the period | 9904 | €43,468 | €63,458 | +€19,989 | +46.0% |
| Profit (loss) for the period to be appropriated | 9905 | €43,468 | €63,458 | +€19,989 | +46.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.