JOBECA: 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.
JOBECA
Largest movements
- Cash +€119,932
up €119,932 (+168%), from €71,448 to €191,380
mainly Current investments (+€95,529) and Net result for the year (+€39,508)
- Current investments -€95,529
down €95,529 (-29.7%), from €322,053 to €226,524
- Receivables within one year +€34,399
up €34,399 (+456%), from €7,545 to €41,944
of which Other amounts receivable: +€34,695
- Tangible fixed assets -€17,407
down €17,407 (-4.5%), from €387,499 to €370,092
of which Land and buildings: -€16,938
- Reserves +€39,508
up €39,508 (+17.0%), from €232,308 to €271,816
of which Distributable reserves: +€39,508
- Gross operating margin -€53,158
down €53,158 (-52.3%), from €101,613 to €48,454
- Financial income +€26,063
up €26,063 (+250%), from €10,425 to €36,489
- Taxes -€11,598
down €11,598 (-60.9%), from €19,042 to €7,444
- Depreciation -€2,470
down €2,470 (-12.4%), from €19,877 to €17,407
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 | €945,013 | €986,357 | +€41,344 | +4.4% |
| Fixed assets | 21/28 | €541,473 | €524,066 | -€17,407 | -3.2% |
| Tangible fixed assets | 22/27 | €387,499 | €370,092 | -€17,407 | -4.5% |
| Land and buildings | 22 | €385,593 | €368,654 | -€16,938 | -4.4% |
| Plant, machinery and equipment | 23 | €1,906 | €1,438 | -€469 | -24.6% |
| Financial fixed assets | 28 | €153,974 | €153,974 | = | 0.0% |
| Current assets | 29/58 | €403,540 | €462,292 | +€58,752 | +14.6% |
| Amounts receivable within one year | 40/41 | €7,545 | €41,944 | +€34,399 | +456% |
| Trade receivables | 40 | €2,212 | €1,917 | -€296 | -13.4% |
| Other amounts receivable | 41 | €5,333 | €40,028 | +€34,695 | +651% |
| Current investments | 50/53 | €322,053 | €226,524 | -€95,529 | -29.7% |
| Cash at bank and in hand | 54/58 | €71,448 | €191,380 | +€119,932 | +168% |
| Deferred charges and accrued income | 490/1 | €2,494 | €2,443 | -€50 | -2.0% |
| Total equity and liabilities | 10/49 | €945,013 | €986,357 | +€41,344 | +4.4% |
| Equity | 10/15 | €680,149 | €719,656 | +€39,508 | +5.8% |
| Contributions | 10/11 | €290,000 | €290,000 | = | 0.0% |
| Reserves | 13 | €232,308 | €271,816 | +€39,508 | +17.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €781 | €781 | = | 0.0% |
| Distributable reserves | 133 | €231,527 | €271,035 | +€39,508 | +17.1% |
| Profit (loss) carried forward | 14 | €157,841 | €157,841 | = | 0.0% |
| Amounts payable | 17/49 | €264,865 | €266,701 | +€1,837 | +0.7% |
| Amounts payable within one year | 42/48 | €254,865 | €256,701 | +€1,837 | +0.7% |
| Trade debts | 44 | €1,199 | €1,143 | -€56 | -4.7% |
| Suppliers | 440/4 | €1,199 | €1,143 | -€56 | -4.7% |
| Taxes, remuneration and social security | 45 | €5,500 | €4,900 | -€600 | -10.9% |
| Taxes | 450/3 | €5,500 | €4,900 | -€600 | -10.9% |
| Other amounts payable | 47/48 | €248,166 | €250,659 | +€2,493 | +1.0% |
| Accrued charges and deferred income | 492/3 | €10,000 | €10,000 | = | 0.0% |
| Non-recurring operating income | 76A | €6 | €0 | -€6 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,877 | €17,407 | -€2,470 | -12.4% |
| Other operating charges | 640/8 | €2,445 | €2,671 | +€225 | +9.2% |
| Gross operating margin | 9900 | €101,613 | €48,454 | -€53,158 | -52.3% |
| Operating profit (loss) | 9901 | €79,290 | €28,376 | -€50,914 | -64.2% |
| Financial income | 75/76B | €10,425 | €36,489 | +€26,063 | +250% |
| Recurring financial income | 75 | €10,425 | €36,489 | +€26,063 | +250% |
| Financial charges | 65/66B | €17,348 | €17,913 | +€565 | +3.3% |
| Recurring financial charges | 65 | €17,348 | €17,913 | +€565 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | €72,367 | €46,952 | -€25,415 | -35.1% |
| Income taxes | 67/77 | €19,042 | €7,444 | -€11,598 | -60.9% |
| Profit (loss) for the period | 9904 | €53,325 | €39,508 | -€13,818 | -25.9% |
| Profit (loss) for the period to be appropriated | 9905 | €53,325 | €39,508 | -€13,818 | -25.9% |
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 13 October 2026 via checked.be.