JARONAL: 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.
JARONAL
Largest movements
- Tangible fixed assets +€2.2m
up €2.2m (+121%), from €1.8m to €3.9m
of which Land and buildings: +€2.2m
- Receivables within one year +€237,997
up €237,997 (+41.5%), from €573,051 to €811,049
of which Trade receivables: +€233,277
- Cash -€112,961
down €112,961 (-59.3%), from €190,547 to €77,586
mainly Investment in fixed assets (net) (-€2.3m) and Receivables within one year (-€237,997)
- Debts after one year +€1.4m
up €1.4m (+132%), from €1.0m to €2.4m
- Other debts +€609,840
up €609,840 (+221%), from €275,916 to €885,756
- Trade debts +€166,873
up €166,873 (+73.2%), from €228,057 to €394,930
- Current portion of long-term debt +€110,878
up €110,878 (+60.3%), from €183,820 to €294,697
- Reserves +€80,000
up €80,000 (+84.4%), from €94,799 to €174,799
of which Distributable reserves: +€80,000
- Depreciation +€28,521
up €28,521 (+42.4%), from €67,257 to €95,778
- Gross operating margin +€26,286
up €26,286 (+9.1%), from €289,679 to €315,964
- Financial charges -€12,431
down €12,431 (-16.3%), from €76,050 to €63,620
- Taxes -€3,896
down €3,896 (-10.8%), from €36,186 to €32,290
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 | €2,548,660 | €4,833,903 | +€2.3m | +89.7% |
| Fixed assets | 21/28 | €1,784,321 | €3,945,074 | +€2.2m | +121% |
| Tangible fixed assets | 22/27 | €1,784,291 | €3,938,795 | +€2.2m | +121% |
| Land and buildings | 22 | €1,774,285 | €3,931,514 | +€2.2m | +122% |
| Plant, machinery and equipment | 23 | €10,006 | €7,281 | -€2,725 | -27.2% |
| Financial fixed assets | 28 | €30 | €6,278 | +€6,249 | +21,004% |
| Current assets | 29/58 | €764,339 | €888,830 | +€124,490 | +16.3% |
| Amounts receivable within one year | 40/41 | €573,051 | €811,049 | +€237,997 | +41.5% |
| Trade receivables | 40 | €541,951 | €775,229 | +€233,277 | +43.0% |
| Other amounts receivable | 41 | €31,100 | €35,820 | +€4,720 | +15.2% |
| Cash at bank and in hand | 54/58 | €190,547 | €77,586 | -€112,961 | -59.3% |
| Deferred charges and accrued income | 490/1 | €741 | €195 | -€546 | -73.7% |
| Total equity and liabilities | 10/49 | €2,548,660 | €4,833,903 | +€2.3m | +89.7% |
| Equity | 10/15 | €768,529 | €852,314 | +€83,785 | +10.9% |
| Contributions | 10/11 | €213,642 | €213,642 | = | 0.0% |
| Capital | 10 | €213,642 | €213,642 | = | 0.0% |
| Issued capital | 100 | €213,642 | €213,642 | = | 0.0% |
| Reserves | 13 | €94,799 | €174,799 | +€80,000 | +84.4% |
| Non-distributable reserves | 130/1 | €13,629 | €13,629 | = | 0.0% |
| Legal reserve | 130 | €13,629 | €13,629 | = | 0.0% |
| Tax-exempt reserves | 132 | €50,869 | €50,869 | = | 0.0% |
| Distributable reserves | 133 | €30,300 | €110,300 | +€80,000 | +264% |
| Profit (loss) carried forward | 14 | €460,088 | €463,873 | +€3,785 | +0.8% |
| Amounts payable | 17/49 | €1,780,131 | €3,981,589 | +€2.2m | +124% |
| Amounts payable after more than one year | 17 | €1,034,322 | €2,403,057 | +€1.4m | +132% |
| Financial debts | 170/4 | €1,034,322 | €2,403,057 | +€1.4m | +132% |
| Amounts payable within one year | 42/48 | €745,809 | €1,578,533 | +€832,724 | +112% |
| Current portion of amounts payable after more than one year | 42 | €183,820 | €294,697 | +€110,878 | +60.3% |
| Trade debts | 44 | €228,057 | €394,930 | +€166,873 | +73.2% |
| Suppliers | 440/4 | €228,057 | €394,930 | +€166,873 | +73.2% |
| Taxes, remuneration and social security | 45 | €58,017 | €3,150 | -€54,866 | -94.6% |
| Taxes | 450/3 | €58,017 | €3,150 | -€54,866 | -94.6% |
| Other amounts payable | 47/48 | €275,916 | €885,756 | +€609,840 | +221% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,257 | €95,778 | +€28,521 | +42.4% |
| Other operating charges | 640/8 | €39,876 | €40,491 | +€615 | +1.5% |
| Gross operating margin | 9900 | €289,679 | €315,964 | +€26,286 | +9.1% |
| Operating profit (loss) | 9901 | €182,545 | €179,695 | -€2,850 | -1.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €76,050 | €63,620 | -€12,431 | -16.3% |
| Recurring financial charges | 65 | €76,050 | €63,620 | -€12,431 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €106,495 | €116,075 | +€9,581 | +9.0% |
| Income taxes | 67/77 | €36,186 | €32,290 | -€3,896 | -10.8% |
| Profit (loss) for the period | 9904 | €70,309 | €83,785 | +€13,476 | +19.2% |
| Profit (loss) for the period to be appropriated | 9905 | €70,309 | €83,785 | +€13,476 | +19.2% |
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 14 October 2026 via checked.be.