JICO: 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.
JICO
Largest movements
- Cash -€74,704
down €74,704 (-75.0%), from €99,544 to €24,840
mainly Debts after one year (-€74,885) and Stocks and contracts (-€36,008)
- Tangible fixed assets -€53,638
down €53,638 (-19.8%), from €271,267 to €217,629
- Stocks and contracts +€36,008
up €36,008 (+4.0%), from €896,379 to €932,387
- Debts after one year -€74,885
down €74,885 (-9.2%), from €816,156 to €741,270
- Tax, wage and social debts +€28,677
up €28,677 (+54.2%), from €52,944 to €81,621
of which Remuneration and social security: +€23,594
- Profit (loss) carried forward -€26,803
down €26,803 (-19.9%), from €134,540 to €107,736
- Current portion of long-term debt -€14,850
down €14,850 (-22.2%), from €66,781 to €51,932
- Gross operating margin -€74,490
down €74,490 (-37.8%), from €196,842 to €122,351
- Write-downs -€44,360
down €44,360, from €26,775 to -€17,584
- Financial charges -€4,294
down €4,294 (-36.3%), from €11,829 to €7,535
- Taxes +€3,047
up €3,047, from -€442 to €2,606
- Staff costs +€2,042
up €2,042 (+2.2%), from €91,677 to €93,719
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 | €1,270,464 | €1,183,081 | -€87,384 | -6.9% |
| Fixed assets | 21/28 | €271,267 | €217,629 | -€53,638 | -19.8% |
| Tangible fixed assets | 22/27 | €271,267 | €217,629 | -€53,638 | -19.8% |
| Land and buildings | 22 | €181,139 | €154,403 | -€26,736 | -14.8% |
| Plant, machinery and equipment | 23 | €40,852 | €33,835 | -€7,017 | -17.2% |
| Furniture and vehicles | 24 | €49,276 | €29,392 | -€19,885 | -40.4% |
| Current assets | 29/58 | €999,197 | €965,452 | -€33,746 | -3.4% |
| Stocks and contracts in progress | 3 | €896,379 | €932,387 | +€36,008 | +4.0% |
| Stocks | 30/36 | €896,379 | €932,387 | +€36,008 | +4.0% |
| Amounts receivable within one year | 40/41 | €117 | €4,733 | +€4,616 | +3,942% |
| Trade receivables | 40 | - | €4,616 | +€4,616 | |
| Other amounts receivable | 41 | €117 | €117 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €99,544 | €24,840 | -€74,704 | -75.0% |
| Deferred charges and accrued income | 490/1 | €3,157 | €3,492 | +€334 | +10.6% |
| Total equity and liabilities | 10/49 | €1,270,464 | €1,183,081 | -€87,384 | -6.9% |
| Equity | 10/15 | €228,040 | €201,236 | -€26,803 | -11.8% |
| Contributions | 10/11 | €85,000 | €85,000 | = | 0.0% |
| Reserves | 13 | €8,500 | €8,500 | = | 0.0% |
| Distributable reserves | 133 | €8,500 | €8,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €134,540 | €107,736 | -€26,803 | -19.9% |
| Amounts payable | 17/49 | €1,042,425 | €981,844 | -€60,581 | -5.8% |
| Amounts payable after more than one year | 17 | €816,156 | €741,270 | -€74,885 | -9.2% |
| Financial debts | 170/4 | €816,156 | €741,270 | -€74,885 | -9.2% |
| Amounts payable within one year | 42/48 | €226,269 | €240,574 | +€14,305 | +6.3% |
| Current portion of amounts payable after more than one year | 42 | €66,781 | €51,932 | -€14,850 | -22.2% |
| Financial debts | 43 | - | €10,000 | +€10,000 | |
| Credit institutions | 430/8 | - | €10,000 | +€10,000 | |
| Trade debts | 44 | €82,942 | €72,282 | -€10,660 | -12.9% |
| Suppliers | 440/4 | €82,942 | €72,282 | -€10,660 | -12.9% |
| Taxes, remuneration and social security | 45 | €52,944 | €81,621 | +€28,677 | +54.2% |
| Taxes | 450/3 | €19,100 | €24,184 | +€5,083 | +26.6% |
| Remuneration and social security | 454/9 | €33,843 | €57,437 | +€23,594 | +69.7% |
| Other amounts payable | 47/48 | €23,602 | €24,740 | +€1,138 | +4.8% |
| Remuneration, social security and pensions | 62 | €91,677 | €93,719 | +€2,042 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,813 | €59,586 | -€227 | -0.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €26,775 | -€17,584 | -€44,360 | |
| Other operating charges | 640/8 | €4,066 | €3,632 | -€434 | -10.7% |
| Gross operating margin | 9900 | €196,842 | €122,351 | -€74,490 | -37.8% |
| Operating profit (loss) | 9901 | €14,510 | -€17,001 | -€31,511 | |
| Financial income | 75/76B | €3 | €339 | +€336 | +10,552% |
| Recurring financial income | 75 | €3 | €339 | +€336 | +10,552% |
| Financial charges | 65/66B | €11,829 | €7,535 | -€4,294 | -36.3% |
| Recurring financial charges | 65 | €11,829 | €7,535 | -€4,294 | -36.3% |
| Profit (loss) for the period before taxes | 9903 | €2,684 | -€24,198 | -€26,882 | |
| Income taxes | 67/77 | -€442 | €2,606 | +€3,047 | |
| Profit (loss) for the period | 9904 | €3,126 | -€26,803 | -€29,929 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,126 | -€26,803 | -€29,929 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.