JOCA: 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.
JOCA
Largest movements
- Receivables within one year +€82,214
up €82,214 (+56.0%), from €146,738 to €228,952
of which Other amounts receivable: +€103,097
- Tangible fixed assets -€28,415
down €28,415 (-22.3%), from €127,260 to €98,845
of which Furniture and vehicles: -€17,422
- Cash -€10,466
down €10,466 (-4.5%), from €232,665 to €222,199
mainly Receivables within one year (-€82,214) and Current portion of long-term debt (-€35,325)
- Reserves +€55,000
up €55,000 (+2958.3%), from €1,859 to €56,859
of which Distributable reserves: +€55,000
- Current portion of long-term debt -€35,325
down €35,325 (-60.9%), from €57,968 to €22,643
- Trade debts +€17,813
up €17,813 (+17.5%), from €101,780 to €119,593
- Gross operating margin -€130,511
down €130,511 (-12.9%), from €1.0m to €884,232
- Taxes -€31,192
down €31,192 (-55.0%), from €56,679 to €25,488
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 | €634,023 | €674,077 | +€40,054 | +6.3% |
| Fixed assets | 21/28 | €141,580 | €113,165 | -€28,415 | -20.1% |
| Tangible fixed assets | 22/27 | €127,260 | €98,845 | -€28,415 | -22.3% |
| Land and buildings | 22 | €34,971 | €32,367 | -€2,604 | -7.4% |
| Plant, machinery and equipment | 23 | €50,592 | €42,203 | -€8,389 | -16.6% |
| Furniture and vehicles | 24 | €40,999 | €23,577 | -€17,422 | -42.5% |
| Leasing and similar rights | 25 | €698 | €698 | = | 0.0% |
| Financial fixed assets | 28 | €14,320 | €14,320 | = | 0.0% |
| Current assets | 29/58 | €492,443 | €560,912 | +€68,469 | +13.9% |
| Stocks and contracts in progress | 3 | €110,756 | €109,365 | -€1,391 | -1.3% |
| Stocks | 30/36 | €110,756 | €109,365 | -€1,391 | -1.3% |
| Amounts receivable within one year | 40/41 | €146,738 | €228,952 | +€82,214 | +56.0% |
| Trade receivables | 40 | €25,712 | €4,828 | -€20,884 | -81.2% |
| Other amounts receivable | 41 | €121,027 | €224,124 | +€103,097 | +85.2% |
| Cash at bank and in hand | 54/58 | €232,665 | €222,199 | -€10,466 | -4.5% |
| Deferred charges and accrued income | 490/1 | €2,284 | €397 | -€1,887 | -82.6% |
| Total equity and liabilities | 10/49 | €634,023 | €674,077 | +€40,054 | +6.3% |
| Equity | 10/15 | €243,049 | €298,605 | +€55,556 | +22.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €56,859 | +€55,000 | +2958.3% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | - | €55,000 | +€55,000 | |
| Profit (loss) carried forward | 14 | €222,597 | €223,154 | +€556 | +0.2% |
| Amounts payable | 17/49 | €390,974 | €375,472 | -€15,502 | -4.0% |
| Amounts payable within one year | 42/48 | €390,974 | €375,472 | -€15,502 | -4.0% |
| Current portion of amounts payable after more than one year | 42 | €57,968 | €22,643 | -€35,325 | -60.9% |
| Financial debts | 43 | €6,387 | €6,389 | +€2 | 0.0% |
| Credit institutions | 430/8 | €6,387 | €6,389 | +€2 | 0.0% |
| Trade debts | 44 | €101,780 | €119,593 | +€17,813 | +17.5% |
| Suppliers | 440/4 | €101,780 | €119,593 | +€17,813 | +17.5% |
| Taxes, remuneration and social security | 45 | €222,808 | €225,936 | +€3,128 | +1.4% |
| Taxes | 450/3 | €41,556 | €37,144 | -€4,412 | -10.6% |
| Remuneration and social security | 454/9 | €181,252 | €188,792 | +€7,540 | +4.2% |
| Other amounts payable | 47/48 | €2,031 | €912 | -€1,119 | -55.1% |
| Remuneration, social security and pensions | 62 | €733,763 | €743,819 | +€10,056 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,628 | €37,931 | -€2,697 | -6.6% |
| Other operating charges | 640/8 | €5,196 | €3,594 | -€1,602 | -30.8% |
| Gross operating margin | 9900 | €1,014,744 | €884,232 | -€130,511 | -12.9% |
| Operating profit (loss) | 9901 | €235,157 | €98,889 | -€136,268 | -57.9% |
| Financial income | 75/76B | €522 | €1,113 | +€591 | +113.2% |
| Recurring financial income | 75 | €522 | €1,113 | +€591 | +113.2% |
| Financial charges | 65/66B | €8,909 | €18,957 | +€10,049 | +112.8% |
| Recurring financial charges | 65 | €8,909 | €18,957 | +€10,049 | +112.8% |
| Profit (loss) for the period before taxes | 9903 | €226,770 | €81,044 | -€145,727 | -64.3% |
| Income taxes | 67/77 | €56,679 | €25,488 | -€31,192 | -55.0% |
| Profit (loss) for the period | 9904 | €170,091 | €55,556 | -€114,535 | -67.3% |
| Profit (loss) for the period to be appropriated | 9905 | €170,091 | €55,556 | -€114,535 | -67.3% |
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 9 October 2026 via checked.be.