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 after one year -€12,000
down €12,000 (-5.1%), from €236,000 to €224,000
- Receivables within one year +€11,386
up €11,386 (+7.3%), from €154,945 to €166,331
of which Other amounts receivable: +€11,760
- Tangible fixed assets -€6,029
down €6,029 (-9.4%), from €63,798 to €57,769
- Other debts -€10,997
down €10,997 (-8.9%), from €123,055 to €112,058
- Reserves +€6,301
up €6,301 (+3.0%), from €207,385 to €213,686
of which Distributable reserves: +€6,301
- Depreciation +€2,486
up €2,486 (+70.2%), from €3,542 to €6,029
- Taxes -€735
down €735 (-23.2%), from €3,168 to €2,433
- Gross operating margin -€507
down €507 (-3.5%), from €14,372 to €13,865
- Financial income -€230
down €230 (-6.6%), from €3,474 to €3,244
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 | €454,939 | €449,691 | -€5,248 | -1.2% |
| Fixed assets | 21/28 | €63,798 | €57,769 | -€6,029 | -9.4% |
| Tangible fixed assets | 22/27 | €63,798 | €57,769 | -€6,029 | -9.4% |
| Land and buildings | 22 | €63,798 | €57,769 | -€6,029 | -9.4% |
| Current assets | 29/58 | €391,141 | €391,922 | +€781 | +0.2% |
| Amounts receivable after more than one year | 29 | €236,000 | €224,000 | -€12,000 | -5.1% |
| Other amounts receivable | 291 | €236,000 | €224,000 | -€12,000 | -5.1% |
| Amounts receivable within one year | 40/41 | €154,945 | €166,331 | +€11,386 | +7.3% |
| Trade receivables | 40 | €374 | €0 | -€374 | -100.0% |
| Other amounts receivable | 41 | €154,571 | €166,331 | +€11,760 | +7.6% |
| Cash at bank and in hand | 54/58 | €197 | €1,253 | +€1,057 | +537.7% |
| Deferred charges and accrued income | 490/1 | - | €338 | +€338 | |
| Total equity and liabilities | 10/49 | €454,939 | €449,691 | -€5,248 | -1.2% |
| Equity | 10/15 | €331,332 | €337,633 | +€6,301 | +1.9% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €207,385 | €213,686 | +€6,301 | +3.0% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Distributable reserves | 133 | €194,991 | €201,292 | +€6,301 | +3.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €123,607 | €112,058 | -€11,549 | -9.3% |
| Amounts payable within one year | 42/48 | €123,607 | €112,058 | -€11,549 | -9.3% |
| Trade debts | 44 | €384 | €0 | -€384 | -100.0% |
| Suppliers | 440/4 | €384 | €0 | -€384 | -100.0% |
| Taxes, remuneration and social security | 45 | €168 | €0 | -€168 | -100.0% |
| Taxes | 450/3 | €168 | €0 | -€168 | -100.0% |
| Other amounts payable | 47/48 | €123,055 | €112,058 | -€10,997 | -8.9% |
| Non-recurring operating income | 76A | €125 | €0 | -€125 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,542 | €6,029 | +€2,486 | +70.2% |
| Other operating charges | 640/8 | €2,169 | €2,264 | +€94 | +4.3% |
| Gross operating margin | 9900 | €14,372 | €13,865 | -€507 | -3.5% |
| Operating profit (loss) | 9901 | €8,660 | €5,573 | -€3,087 | -35.6% |
| Financial income | 75/76B | €3,474 | €3,244 | -€230 | -6.6% |
| Recurring financial income | 75 | €3,474 | €3,244 | -€230 | -6.6% |
| Financial charges | 65/66B | €39 | €83 | +€44 | +112.5% |
| Recurring financial charges | 65 | €39 | €83 | +€44 | +112.5% |
| Profit (loss) for the period before taxes | 9903 | €12,095 | €8,734 | -€3,361 | -27.8% |
| Income taxes | 67/77 | €3,168 | €2,433 | -€735 | -23.2% |
| Profit (loss) for the period | 9904 | €8,927 | €6,301 | -€2,626 | -29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,927 | €6,301 | -€2,626 | -29.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.