JO MECHANICS: 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.
JO MECHANICS
Largest movements
- Receivables within one year -€73,917
down €73,917 (-26.8%), from €275,883 to €201,966
of which Trade receivables: -€78,401
- Tangible fixed assets -€8,151
down €8,151 (-9.6%), from €85,266 to €77,115
of which Furniture and vehicles: -€4,524
- Cash +€7,760
up €7,760 (+19.5%), from €39,819 to €47,579
mainly Receivables within one year (+€73,917) and Net result for the year (+€28,004)
- Stocks and contracts +€5,774
up €5,774 (+113%), from €5,125 to €10,899
- Trade debts -€67,585
down €67,585 (-45.1%), from €149,959 to €82,374
- Reserves +€28,004
up €28,004 (+70.3%), from €39,857 to €67,861
- Tax, wage and social debts -€21,562
down €21,562 (-31.6%), from €68,260 to €46,698
of which Taxes: -€21,562
- Debts after one year -€5,836
down €5,836 (-34.8%), from €16,787 to €10,951
- Gross operating margin +€26,309
up €26,309 (+51.4%), from €51,187 to €77,496
- Depreciation +€6,661
up €6,661 (+38.8%), from €17,157 to €23,818
- Other operating charges +€6,417
up €6,417 (+165%), from €3,887 to €10,304
- Taxes +€4,107
up €4,107 (+56.2%), from €7,308 to €11,415
- Financial charges +€1,934
up €1,934 (+90.3%), from €2,141 to €4,075
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 | €406,092 | €337,558 | -€68,534 | -16.9% |
| Fixed assets | 21/28 | €85,266 | €77,115 | -€8,151 | -9.6% |
| Tangible fixed assets | 22/27 | €85,266 | €77,115 | -€8,151 | -9.6% |
| Plant, machinery and equipment | 23 | €66,543 | €62,916 | -€3,627 | -5.5% |
| Furniture and vehicles | 24 | €18,722 | €14,199 | -€4,524 | -24.2% |
| Current assets | 29/58 | €320,826 | €260,443 | -€60,383 | -18.8% |
| Stocks and contracts in progress | 3 | €5,125 | €10,899 | +€5,774 | +113% |
| Stocks | 30/36 | €5,125 | €10,899 | +€5,774 | +113% |
| Amounts receivable within one year | 40/41 | €275,883 | €201,966 | -€73,917 | -26.8% |
| Trade receivables | 40 | €275,883 | €197,481 | -€78,401 | -28.4% |
| Other amounts receivable | 41 | - | €4,484 | +€4,484 | |
| Cash at bank and in hand | 54/58 | €39,819 | €47,579 | +€7,760 | +19.5% |
| Total equity and liabilities | 10/49 | €406,092 | €337,558 | -€68,534 | -16.9% |
| Equity | 10/15 | €42,357 | €70,361 | +€28,004 | +66.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €39,857 | €67,861 | +€28,004 | +70.3% |
| Distributable reserves | 133 | €39,857 | €67,861 | +€28,004 | +70.3% |
| Amounts payable | 17/49 | €363,735 | €267,197 | -€96,539 | -26.5% |
| Amounts payable after more than one year | 17 | €16,787 | €10,951 | -€5,836 | -34.8% |
| Financial debts | 170/4 | €16,787 | €10,951 | -€5,836 | -34.8% |
| Amounts payable within one year | 42/48 | €346,948 | €256,246 | -€90,702 | -26.1% |
| Current portion of amounts payable after more than one year | 42 | €4,787 | €6,399 | +€1,612 | +33.7% |
| Trade debts | 44 | €149,959 | €82,374 | -€67,585 | -45.1% |
| Suppliers | 440/4 | €149,959 | €82,374 | -€67,585 | -45.1% |
| Taxes, remuneration and social security | 45 | €68,260 | €46,698 | -€21,562 | -31.6% |
| Taxes | 450/3 | €41,860 | €20,298 | -€21,562 | -51.5% |
| Remuneration and social security | 454/9 | €26,400 | €26,400 | = | 0.0% |
| Other amounts payable | 47/48 | €123,942 | €120,775 | -€3,167 | -2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,157 | €23,818 | +€6,661 | +38.8% |
| Other operating charges | 640/8 | €3,887 | €10,304 | +€6,417 | +165% |
| Gross operating margin | 9900 | €51,187 | €77,496 | +€26,309 | +51.4% |
| Operating profit (loss) | 9901 | €30,143 | €43,374 | +€13,231 | +43.9% |
| Financial income | 75/76B | €0 | €120 | +€120 | +1,202,400% |
| Recurring financial income | 75 | €0 | €120 | +€120 | +1,202,400% |
| Financial charges | 65/66B | €2,141 | €4,075 | +€1,934 | +90.3% |
| Recurring financial charges | 65 | €2,141 | €4,075 | +€1,934 | +90.3% |
| Profit (loss) for the period before taxes | 9903 | €28,002 | €39,419 | +€11,417 | +40.8% |
| Income taxes | 67/77 | €7,308 | €11,415 | +€4,107 | +56.2% |
| Profit (loss) for the period | 9904 | €20,695 | €28,004 | +€7,310 | +35.3% |
| Profit (loss) for the period to be appropriated | 9905 | €20,695 | €28,004 | +€7,310 | +35.3% |
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 29 October 2026 via checked.be.