Jonatin: what changed
Two fiscal 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.
Jonatin
Largest movements
- Tangible fixed assets -€109,619
down €109,619 (-4.7%), from €2.3m to €2.2m
- Debts after one year -€226,712
down €226,712 (-26.8%), from €847,198 to €620,486
- Current portion of long-term debt +€72,409
up €72,409 (+83.9%), from €86,267 to €158,675
- Reserves +€31,795
up €31,795 (+8.5%), from €372,156 to €403,951
of which Distributable reserves: +€31,795
- Other debts +€24,148
up €24,148 (+3.2%), from €745,351 to €769,499
- Gross operating margin +€181,665
up €181,665, from -€5,380 to €176,285
- Depreciation +€105,797
up €105,797 (+2768.3%), from €3,822 to €109,619
- Financial charges +€16,946
up €16,946 (+352.1%), from €4,813 to €21,759
- Other operating charges +€9,136
up €9,136 (+1061.7%), from €860 to €9,996
- Financial income -€3,282
down €3,282 (-98.1%), from €3,346 to €63
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 | €2,365,517 | €2,267,750 | -€97,766 | -4.1% |
| Fixed assets | 21/28 | €2,333,191 | €2,223,572 | -€109,619 | -4.7% |
| Tangible fixed assets | 22/27 | €2,332,921 | €2,223,302 | -€109,619 | -4.7% |
| Land and buildings | 22 | €2,206,994 | €2,155,314 | -€51,681 | -2.3% |
| Plant, machinery and equipment | 23 | €16,162 | €760 | -€15,402 | -95.3% |
| Furniture and vehicles | 24 | €109,765 | €67,229 | -€42,536 | -38.8% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €32,326 | €44,178 | +€11,852 | +36.7% |
| Amounts receivable within one year | 40/41 | €15,815 | €36,849 | +€21,034 | +133.0% |
| Trade receivables | 40 | €15,815 | €36,849 | +€21,034 | +133.0% |
| Cash at bank and in hand | 54/58 | €16,511 | €7,329 | -€9,182 | -55.6% |
| Total equity and liabilities | 10/49 | €2,365,517 | €2,267,750 | -€97,766 | -4.1% |
| Equity | 10/15 | €661,236 | €693,031 | +€31,795 | +4.8% |
| Contributions | 10/11 | €289,080 | €289,080 | = | 0.0% |
| Reserves | 13 | €372,156 | €403,951 | +€31,795 | +8.5% |
| Non-distributable reserves | 130/1 | €28,908 | €28,908 | = | 0.0% |
| Reserves not available under the articles | 1311 | €28,908 | €28,908 | = | 0.0% |
| Distributable reserves | 133 | €343,248 | €375,043 | +€31,795 | +9.3% |
| Amounts payable | 17/49 | €1,704,280 | €1,574,719 | -€129,561 | -7.6% |
| Amounts payable after more than one year | 17 | €847,198 | €620,486 | -€226,712 | -26.8% |
| Financial debts | 170/4 | €847,198 | €620,486 | -€226,712 | -26.8% |
| Amounts payable within one year | 42/48 | €857,082 | €954,233 | +€97,150 | +11.3% |
| Current portion of amounts payable after more than one year | 42 | €86,267 | €158,675 | +€72,409 | +83.9% |
| Trade debts | 44 | €20,799 | €12,654 | -€8,145 | -39.2% |
| Suppliers | 440/4 | €20,799 | €12,654 | -€8,145 | -39.2% |
| Taxes, remuneration and social security | 45 | €4,666 | €13,405 | +€8,738 | +187.3% |
| Taxes | 450/3 | €4,666 | €13,405 | +€8,738 | +187.3% |
| Other amounts payable | 47/48 | €745,351 | €769,499 | +€24,148 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,822 | €109,619 | +€105,797 | +2768.3% |
| Other operating charges | 640/8 | €860 | €9,996 | +€9,136 | +1061.7% |
| Gross operating margin | 9900 | -€5,380 | €176,285 | +€181,665 | |
| Operating profit (loss) | 9901 | -€10,063 | €56,670 | +€66,733 | |
| Financial income | 75/76B | €3,346 | €63 | -€3,282 | -98.1% |
| Recurring financial income | 75 | €3,346 | €63 | -€3,282 | -98.1% |
| Financial charges | 65/66B | €4,813 | €21,759 | +€16,946 | +352.1% |
| Recurring financial charges | 65 | €4,813 | €21,759 | +€16,946 | +352.1% |
| Profit (loss) for the period before taxes | 9903 | -€11,530 | €34,975 | +€46,505 | |
| Income taxes | 67/77 | - | €3,180 | +€3,180 | |
| Profit (loss) for the period | 9904 | -€11,530 | €31,795 | +€43,325 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,530 | €31,795 | +€43,325 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.