JOBA: 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.
JOBA
Largest movements
- Cash +€425,880
up €425,880 (+136%), from €313,988 to €739,868
mainly Current investments (+€350,100) and Net result for the year (+€323,201)
- Current investments -€350,100
no longer reported in 2025 (was €350,100)
- Receivables within one year -€93,874
down €93,874 (-92.6%), from €101,423 to €7,549
of which Other amounts receivable: -€93,903
- Tangible fixed assets -€41,978
down €41,978 (-9.1%), from €458,801 to €416,824
of which Land and buildings: -€25,542
- Debts after one year -€30,000
down €30,000 (-9.2%), from €325,000 to €295,000
- Staff costs +€26,154
up €26,154 (+50.3%), from €52,042 to €78,196
- Gross operating margin +€19,616
up €19,616 (+6.4%), from €305,373 to €324,989
- Financial income +€5,518
up €5,518 (+2.6%), from €211,717 to €217,235
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 | €2,626,959 | €2,568,638 | -€58,321 | -2.2% |
| Fixed assets | 21/28 | €1,855,068 | €1,813,090 | -€41,978 | -2.3% |
| Tangible fixed assets | 22/27 | €458,801 | €416,824 | -€41,978 | -9.1% |
| Land and buildings | 22 | €393,465 | €367,922 | -€25,542 | -6.5% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €65,337 | €48,901 | -€16,435 | -25.2% |
| Financial fixed assets | 28 | €1,396,267 | €1,396,267 | = | 0.0% |
| Current assets | 29/58 | €771,891 | €755,548 | -€16,343 | -2.1% |
| Amounts receivable within one year | 40/41 | €101,423 | €7,549 | -€93,874 | -92.6% |
| Trade receivables | 40 | - | €29 | +€29 | |
| Other amounts receivable | 41 | €101,423 | €7,520 | -€93,903 | -92.6% |
| Current investments | 50/53 | €350,100 | - | -€350,100 | |
| Cash at bank and in hand | 54/58 | €313,988 | €739,868 | +€425,880 | +136% |
| Deferred charges and accrued income | 490/1 | €6,380 | €8,131 | +€1,750 | +27.4% |
| Total equity and liabilities | 10/49 | €2,626,959 | €2,568,638 | -€58,321 | -2.2% |
| Equity | 10/15 | €2,196,423 | €2,202,625 | +€6,201 | +0.3% |
| Contributions | 10/11 | €9,305 | €9,305 | = | 0.0% |
| Reserves | 13 | €2,184,750 | €2,190,900 | +€6,150 | +0.3% |
| Distributable reserves | 133 | €2,184,750 | €2,190,900 | +€6,150 | +0.3% |
| Profit (loss) carried forward | 14 | €2,369 | €2,420 | +€51 | +2.2% |
| Amounts payable | 17/49 | €430,536 | €366,014 | -€64,522 | -15.0% |
| Amounts payable after more than one year | 17 | €325,000 | €295,000 | -€30,000 | -9.2% |
| Financial debts | 170/4 | €325,000 | €295,000 | -€30,000 | -9.2% |
| Amounts payable within one year | 42/48 | €79,138 | €53,451 | -€25,687 | -32.5% |
| Current portion of amounts payable after more than one year | 42 | €30,000 | €30,000 | = | 0.0% |
| Financial debts | 43 | €9,504 | €9,622 | +€118 | +1.2% |
| Credit institutions | 430/8 | €9,504 | €9,622 | +€118 | +1.2% |
| Trade debts | 44 | €498 | €140 | -€358 | -71.9% |
| Suppliers | 440/4 | €498 | €140 | -€358 | -71.9% |
| Taxes, remuneration and social security | 45 | €30,602 | €12,315 | -€18,287 | -59.8% |
| Taxes | 450/3 | €21,864 | €12,315 | -€9,549 | -43.7% |
| Remuneration and social security | 454/9 | €8,739 | - | -€8,739 | |
| Other amounts payable | 47/48 | €8,534 | €1,374 | -€7,160 | -83.9% |
| Accrued charges and deferred income | 492/3 | €26,398 | €17,563 | -€8,835 | -33.5% |
| Remuneration, social security and pensions | 62 | €52,042 | €78,196 | +€26,154 | +50.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,319 | €41,978 | -€1,342 | -3.1% |
| Other operating charges | 640/8 | €4,708 | €4,886 | +€177 | +3.8% |
| Gross operating margin | 9900 | €305,373 | €324,989 | +€19,616 | +6.4% |
| Operating profit (loss) | 9901 | €205,304 | €199,930 | -€5,374 | -2.6% |
| Financial income | 75/76B | €211,717 | €217,235 | +€5,518 | +2.6% |
| Recurring financial income | 75 | €211,717 | €217,235 | +€5,518 | +2.6% |
| Financial charges | 65/66B | €8,634 | €8,061 | -€574 | -6.6% |
| Recurring financial charges | 65 | €8,634 | €8,061 | -€574 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €408,387 | €409,105 | +€718 | +0.2% |
| Income taxes | 67/77 | €85,704 | €85,903 | +€199 | +0.2% |
| Profit (loss) for the period | 9904 | €322,682 | €323,201 | +€519 | +0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €322,682 | €323,201 | +€519 | +0.2% |
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 26 October 2026 via checked.be.