JOCA: 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.
JOCA
Largest movements
- Stocks and contracts -€60,051
down €60,051 (-22.1%), from €271,612 to €211,561
- Cash -€16,085
down €16,085 (-67.0%), from €23,993 to €7,908
mainly Net result for the year (-€46,698) and Other debts (-€46,240)
- Tangible fixed assets -€9,764
down €9,764 (-31.3%), from €31,212 to €21,447
of which Furniture and vehicles: -€9,360
- Receivables within one year -€5,018
down €5,018 (-45.4%), from €11,058 to €6,040
of which Other amounts receivable: -€3,920
- Other debts -€46,240
down €46,240 (-26.7%), from €173,131 to €126,892
- Profit (loss) carried forward -€42,027
new in 2025: -€42,027
- Reserves -€4,671
no longer reported in 2025 (was €4,671)
- Gross operating margin -€6,732
down €6,732 (-29.5%), from -€22,836 to -€29,567
- Depreciation +€1,476
up €1,476 (+17.8%), from €8,288 to €9,764
- Financial charges -€1,259
down €1,259 (-14.6%), from €8,639 to €7,380
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 | €341,230 | €249,602 | -€91,628 | -26.9% |
| Fixed assets | 21/28 | €31,212 | €21,447 | -€9,764 | -31.3% |
| Tangible fixed assets | 22/27 | €31,212 | €21,447 | -€9,764 | -31.3% |
| Plant, machinery and equipment | 23 | €721 | €317 | -€404 | -56.0% |
| Furniture and vehicles | 24 | €30,490 | €21,130 | -€9,360 | -30.7% |
| Current assets | 29/58 | €310,018 | €228,155 | -€81,864 | -26.4% |
| Stocks and contracts in progress | 3 | €271,612 | €211,561 | -€60,051 | -22.1% |
| Stocks | 30/36 | €271,612 | €211,561 | -€60,051 | -22.1% |
| Amounts receivable within one year | 40/41 | €11,058 | €6,040 | -€5,018 | -45.4% |
| Trade receivables | 40 | €6,393 | €5,296 | -€1,098 | -17.2% |
| Other amounts receivable | 41 | €4,665 | €744 | -€3,920 | -84.0% |
| Cash at bank and in hand | 54/58 | €23,993 | €7,908 | -€16,085 | -67.0% |
| Deferred charges and accrued income | 490/1 | €3,355 | €2,646 | -€709 | -21.1% |
| Total equity and liabilities | 10/49 | €341,230 | €249,602 | -€91,628 | -26.9% |
| Equity | 10/15 | €148,271 | €101,573 | -€46,698 | -31.5% |
| Contributions | 10/11 | €143,600 | €143,600 | = | 0.0% |
| Reserves | 13 | €4,671 | - | -€4,671 | |
| Distributable reserves | 133 | €4,671 | - | -€4,671 | |
| Profit (loss) carried forward | 14 | - | -€42,027 | -€42,027 | |
| Amounts payable | 17/49 | €192,959 | €148,029 | -€44,930 | -23.3% |
| Amounts payable within one year | 42/48 | €191,932 | €146,382 | -€45,551 | -23.7% |
| Trade debts | 44 | €13,509 | €13,740 | +€231 | +1.7% |
| Suppliers | 440/4 | €13,509 | €13,740 | +€231 | +1.7% |
| Taxes, remuneration and social security | 45 | €5,292 | €5,750 | +€458 | +8.7% |
| Taxes | 450/3 | €5,292 | €5,750 | +€458 | +8.7% |
| Other amounts payable | 47/48 | €173,131 | €126,892 | -€46,240 | -26.7% |
| Accrued charges and deferred income | 492/3 | €1,026 | €1,647 | +€621 | +60.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,288 | €9,764 | +€1,476 | +17.8% |
| Other operating charges | 640/8 | €1,318 | €1,366 | +€48 | +3.7% |
| Gross operating margin | 9900 | -€22,836 | -€29,567 | -€6,732 | -29.5% |
| Operating profit (loss) | 9901 | -€32,442 | -€40,698 | -€8,256 | -25.4% |
| Financial income | 75/76B | €1,968 | €1,784 | -€184 | -9.3% |
| Recurring financial income | 75 | €1,968 | €1,784 | -€184 | -9.3% |
| Financial charges | 65/66B | €8,639 | €7,380 | -€1,259 | -14.6% |
| Recurring financial charges | 65 | €8,639 | €7,380 | -€1,259 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | -€39,113 | -€46,293 | -€7,180 | -18.4% |
| Income taxes | 67/77 | €418 | €405 | -€13 | -3.1% |
| Profit (loss) for the period | 9904 | -€39,530 | -€46,698 | -€7,168 | -18.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,530 | -€46,698 | -€7,168 | -18.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.