JORESTHA STABLES: what changed
JORESTHA STABLES
Largest movements
- Tangible fixed assets -€15,993
down €15,993 (-15.0%), from €106,482 to €90,489
of which Land and buildings: -€9,279
- Stocks and contracts +€14,177
up €14,177 (+7.3%), from €194,336 to €208,513
- Cash -€6,739
down €6,739 (-89.0%), from €7,568 to €830
mainly Stocks and contracts (-€14,177) and Receivables within one year (-€4,866)
- Receivables within one year +€4,866
up €4,866 (+62.4%), from €7,793 to €12,659
of which Trade receivables: +€4,881
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€4,986
down €4,986 (-20.9%), from €23,882 to €18,896
- Depreciation +€2,048
up €2,048 (+13.5%), from €15,155 to €17,204
- Other operating charges -€689
down €689 (-43.9%), from €1,567 to €879
- Taxes -€561
down €561 (-89.0%), from €630 to €69
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €317,171 | €313,877 | -€3,294 | -1.0% |
| Fixed assets | 21/28 | €107,474 | €91,096 | -€16,378 | -15.2% |
| Intangible fixed assets | 21 | €992 | €607 | -€385 | -38.8% |
| Tangible fixed assets | 22/27 | €106,482 | €90,489 | -€15,993 | -15.0% |
| Land and buildings | 22 | €84,490 | €75,211 | -€9,279 | -11.0% |
| Plant, machinery and equipment | 23 | €19,148 | €14,527 | -€4,621 | -24.1% |
| Furniture and vehicles | 24 | €2,843 | €0 | -€2,843 | -100% |
| Other tangible fixed assets | 26 | - | €750 | +€750 | |
| Current assets | 29/58 | €209,697 | €222,781 | +€13,084 | +6.2% |
| Stocks and contracts in progress | 3 | €194,336 | €208,513 | +€14,177 | +7.3% |
| Stocks | 30/36 | €194,336 | €208,513 | +€14,177 | +7.3% |
| Amounts receivable within one year | 40/41 | €7,793 | €12,659 | +€4,866 | +62.4% |
| Trade receivables | 40 | €7,778 | €12,659 | +€4,881 | +62.8% |
| Other amounts receivable | 41 | €15 | €0 | -€15 | -100% |
| Cash at bank and in hand | 54/58 | €7,568 | €830 | -€6,739 | -89.0% |
| Deferred charges and accrued income | 490/1 | - | €780 | +€780 | |
| Total equity and liabilities | 10/49 | €317,171 | €313,877 | -€3,294 | -1.0% |
| Equity | 10/15 | €264,056 | €264,753 | +€697 | +0.3% |
| Contributions | 10/11 | €245,000 | €245,000 | = | 0.0% |
| Reserves | 13 | €18,900 | €19,590 | +€690 | +3.7% |
| Distributable reserves | 133 | €18,900 | €19,590 | +€690 | +3.7% |
| Profit (loss) carried forward | 14 | €156 | €163 | +€7 | +4.6% |
| Amounts payable | 17/49 | €53,115 | €49,124 | -€3,991 | -7.5% |
| Amounts payable within one year | 42/48 | €53,115 | €49,124 | -€3,991 | -7.5% |
| Trade debts | 44 | €2,446 | €326 | -€2,120 | -86.7% |
| Suppliers | 440/4 | €2,446 | €326 | -€2,120 | -86.7% |
| Taxes, remuneration and social security | 45 | €1,684 | €820 | -€865 | -51.3% |
| Taxes | 450/3 | €1,684 | €820 | -€865 | -51.3% |
| Other amounts payable | 47/48 | €48,985 | €47,979 | -€1,006 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,155 | €17,204 | +€2,048 | +13.5% |
| Other operating charges | 640/8 | €1,567 | €879 | -€689 | -43.9% |
| Gross operating margin | 9900 | €23,882 | €18,896 | -€4,986 | -20.9% |
| Operating profit (loss) | 9901 | €7,159 | €814 | -€6,345 | -88.6% |
| Financial income | 75/76B | €0 | €23 | +€23 | +114,950% |
| Recurring financial income | 75 | €0 | €23 | +€23 | +114,950% |
| Financial charges | 65/66B | €125 | €71 | -€54 | -43.4% |
| Recurring financial charges | 65 | €125 | €71 | -€54 | -43.4% |
| Profit (loss) for the period before taxes | 9903 | €7,034 | €766 | -€6,268 | -89.1% |
| Income taxes | 67/77 | €630 | €69 | -€561 | -89.0% |
| Profit (loss) for the period | 9904 | €6,404 | €697 | -€5,707 | -89.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,404 | €697 | -€5,707 | -89.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.