JONATH: 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.
JONATH
Largest movements
- Cash +€246,337
up €246,337 (+2290.7%), from €10,754 to €257,090
mainly Short-term financial debts (+€230,678) and Other debts (+€143,488)
- Stocks and contracts +€48,342
up €48,342 (+5.5%), from €873,138 to €921,480
- Receivables within one year -€15,249
down €15,249 (-21.2%), from €72,055 to €56,806
of which Trade receivables: -€34,898
- Short-term financial debts +€230,678
up €230,678 (+49.1%), from €470,000 to €700,678
- Other debts +€143,488
up €143,488 (+2203.3%), from €6,512 to €150,000
- Reserves -€83,500
down €83,500 (-19.8%), from €422,500 to €339,000
- Tax, wage and social debts -€40,200
no longer reported in 2025 (was €40,200)
- Trade debts +€31,796
up €31,796 (+2272.3%), from €1,399 to €33,196
- Gross operating margin -€24,958
down €24,958 (-12.5%), from €199,229 to €174,270
- Financial charges -€24,468
down €24,468 (-60.9%), from €40,209 to €15,741
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.
Cash bridge derived
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 | €956,800 | €1,235,376 | +€278,576 | +29.1% |
| Current assets | 29/58 | €956,800 | €1,235,376 | +€278,576 | +29.1% |
| Stocks and contracts in progress | 3 | €873,138 | €921,480 | +€48,342 | +5.5% |
| Stocks | 30/36 | €873,138 | €921,480 | +€48,342 | +5.5% |
| Amounts receivable within one year | 40/41 | €72,055 | €56,806 | -€15,249 | -21.2% |
| Trade receivables | 40 | €34,898 | - | -€34,898 | |
| Other amounts receivable | 41 | €37,157 | €56,806 | +€19,649 | +52.9% |
| Cash at bank and in hand | 54/58 | €10,754 | €257,090 | +€246,337 | +2290.7% |
| Deferred charges and accrued income | 490/1 | €853 | - | -€853 | |
| Total equity and liabilities | 10/49 | €956,800 | €1,235,376 | +€278,576 | +29.1% |
| Equity | 10/15 | €434,681 | €351,032 | -€83,649 | -19.2% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €422,500 | €339,000 | -€83,500 | -19.8% |
| Distributable reserves | 133 | €422,500 | €339,000 | -€83,500 | -19.8% |
| Profit (loss) carried forward | 14 | €181 | €32 | -€149 | -82.2% |
| Amounts payable | 17/49 | €522,119 | €884,344 | +€362,225 | +69.4% |
| Amounts payable within one year | 42/48 | €519,999 | €883,874 | +€363,875 | +70.0% |
| Current portion of amounts payable after more than one year | 42 | €1,887 | - | -€1,887 | |
| Financial debts | 43 | €470,000 | €700,678 | +€230,678 | +49.1% |
| Credit institutions | 430/8 | €470,000 | €700,678 | +€230,678 | +49.1% |
| Trade debts | 44 | €1,399 | €33,196 | +€31,796 | +2272.3% |
| Suppliers | 440/4 | €1,399 | €33,196 | +€31,796 | +2272.3% |
| Taxes, remuneration and social security | 45 | €40,200 | - | -€40,200 | |
| Taxes | 450/3 | €40,200 | - | -€40,200 | |
| Other amounts payable | 47/48 | €6,512 | €150,000 | +€143,488 | +2203.3% |
| Accrued charges and deferred income | 492/3 | €2,121 | €471 | -€1,650 | -77.8% |
| Other operating charges | 640/8 | €4,005 | €3,826 | -€179 | -4.5% |
| Gross operating margin | 9900 | €199,229 | €174,270 | -€24,958 | -12.5% |
| Operating profit (loss) | 9901 | €195,224 | €170,444 | -€24,780 | -12.7% |
| Financial income | 75/76B | €734 | €677 | -€57 | -7.7% |
| Recurring financial income | 75 | €734 | €677 | -€57 | -7.7% |
| Financial charges | 65/66B | €40,209 | €15,741 | -€24,468 | -60.9% |
| Recurring financial charges | 65 | €40,209 | €15,741 | -€24,468 | -60.9% |
| Profit (loss) for the period before taxes | 9903 | €155,749 | €155,380 | -€369 | -0.2% |
| Income taxes | 67/77 | €40,200 | €39,029 | -€1,171 | -2.9% |
| Profit (loss) for the period | 9904 | €115,549 | €116,351 | +€802 | +0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €115,549 | €116,351 | +€802 | +0.7% |
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 11 October 2026 via checked.be.