JOBACO: what changed
Two fiscal 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.
JOBACO
Largest movements
- Tangible fixed assets +€1.1m
up €1.1m (+1393.3%), from €80,520 to €1.2m
of which Land and buildings: +€1.0m
- Current investments -€30,000
no longer reported in 2025 (was €30,000)
- Cash -€27,213
down €27,213 (-29.6%), from €91,816 to €64,602
mainly Investment in fixed assets (net) (-€1.1m) and Contributions, distributions and other (-€100,000)
- Stocks and contracts -€16,000
down €16,000 (-12.1%), from €132,025 to €116,025
- Debts after one year +€986,119
up €986,119 (+871.7%), from €113,125 to €1.1m
- Other debts +€159,796
up €159,796 (+261.3%), from €61,149 to €220,945
- Reserves -€60,039
down €60,039 (-73.2%), from €82,042 to €22,003
- Trade debts -€53,551
down €53,551 (-91.9%), from €58,276 to €4,725
- Current portion of long-term debt +€18,159
up €18,159 (+53.2%), from €34,101 to €52,260
- Write-downs +€59,057
new in 2025: €59,057
- Gross operating margin +€57,882
up €57,882 (+40.8%), from €141,855 to €199,737
- Financial charges +€26,927
up €26,927 (+323.0%), from €8,335 to €35,263
- Other operating charges +€16,585
up €16,585 (+908.7%), from €1,825 to €18,410
- Taxes -€7,530
down €7,530 (-26.1%), from €28,800 to €21,270
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.
Cash bridge derived
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 | €363,087 | €1,419,862 | +€1.1m | +291.1% |
| Fixed assets | 21/28 | €80,520 | €1,202,405 | +€1.1m | +1393.3% |
| Tangible fixed assets | 22/27 | €80,520 | €1,202,405 | +€1.1m | +1393.3% |
| Land and buildings | 22 | - | €1,015,304 | +€1.0m | |
| Furniture and vehicles | 24 | €73,101 | €170,890 | +€97,789 | +133.8% |
| Other tangible fixed assets | 26 | €7,419 | €16,211 | +€8,792 | +118.5% |
| Current assets | 29/58 | €282,567 | €217,458 | -€65,109 | -23.0% |
| Stocks and contracts in progress | 3 | €132,025 | €116,025 | -€16,000 | -12.1% |
| Stocks | 30/36 | €132,025 | €116,025 | -€16,000 | -12.1% |
| Amounts receivable within one year | 40/41 | €26,423 | €36,816 | +€10,393 | +39.3% |
| Trade receivables | 40 | €26,423 | €33,017 | +€6,593 | +25.0% |
| Other amounts receivable | 41 | - | €3,799 | +€3,799 | |
| Current investments | 50/53 | €30,000 | - | -€30,000 | |
| Cash at bank and in hand | 54/58 | €91,816 | €64,602 | -€27,213 | -29.6% |
| Deferred charges and accrued income | 490/1 | €2,302 | €14 | -€2,288 | -99.4% |
| Total equity and liabilities | 10/49 | €363,087 | €1,419,862 | +€1.1m | +291.1% |
| Equity | 10/15 | €84,542 | €24,503 | -€60,039 | -71.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €82,042 | €22,003 | -€60,039 | -73.2% |
| Distributable reserves | 133 | €82,042 | €22,003 | -€60,039 | -73.2% |
| Amounts payable | 17/49 | €278,545 | €1,395,359 | +€1.1m | +400.9% |
| Amounts payable after more than one year | 17 | €113,125 | €1,099,245 | +€986,119 | +871.7% |
| Financial debts | 170/4 | €113,125 | €1,099,245 | +€986,119 | +871.7% |
| Amounts payable within one year | 42/48 | €163,516 | €287,765 | +€124,249 | +76.0% |
| Current portion of amounts payable after more than one year | 42 | €34,101 | €52,260 | +€18,159 | +53.2% |
| Trade debts | 44 | €58,276 | €4,725 | -€53,551 | -91.9% |
| Suppliers | 440/4 | €58,276 | €4,725 | -€53,551 | -91.9% |
| Taxes, remuneration and social security | 45 | €9,989 | €9,834 | -€155 | -1.6% |
| Taxes | 450/3 | €5,432 | €9,834 | +€4,403 | +81.1% |
| Remuneration and social security | 454/9 | €4,558 | - | -€4,558 | |
| Other amounts payable | 47/48 | €61,149 | €220,945 | +€159,796 | +261.3% |
| Accrued charges and deferred income | 492/3 | €1,904 | €8,350 | +€6,446 | +338.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,175 | €26,136 | +€4,960 | +23.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €59,057 | +€59,057 | |
| Other operating charges | 640/8 | €1,825 | €18,410 | +€16,585 | +908.7% |
| Gross operating margin | 9900 | €141,855 | €199,737 | +€57,882 | +40.8% |
| Operating profit (loss) | 9901 | €118,854 | €96,134 | -€22,721 | -19.1% |
| Financial income | 75/76B | €5 | €359 | +€354 | +6682.8% |
| Recurring financial income | 75 | €5 | €359 | +€354 | +6682.8% |
| Financial charges | 65/66B | €8,335 | €35,263 | +€26,927 | +323.0% |
| Recurring financial charges | 65 | €8,335 | €35,263 | +€26,927 | +323.0% |
| Profit (loss) for the period before taxes | 9903 | €110,524 | €61,230 | -€49,294 | -44.6% |
| Income taxes | 67/77 | €28,800 | €21,270 | -€7,530 | -26.1% |
| Profit (loss) for the period | 9904 | €81,725 | €39,961 | -€41,764 | -51.1% |
| Profit (loss) for the period to be appropriated | 9905 | €81,725 | €39,961 | -€41,764 | -51.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.