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
- Tangible fixed assets -€110,896
down €110,896 (-2.1%), from €5.4m to €5.2m
of which Land and buildings: -€116,592
- Other debts -€155,488
down €155,488 (-20.7%), from €752,002 to €596,513
- Gross operating margin +€11,249
up €11,249 (+5.0%), from €223,615 to €234,864
- Other operating charges +€3,210
up €3,210 (+5.8%), from €55,306 to €58,516
- Depreciation +€2,934
up €2,934 (+2.3%), from €129,289 to €132,222
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,380,599 | €5,269,779 | -€110,821 | -2.1% |
| Fixed assets | 21/28 | €5,359,792 | €5,248,896 | -€110,896 | -2.1% |
| Tangible fixed assets | 22/27 | €5,359,792 | €5,248,896 | -€110,896 | -2.1% |
| Land and buildings | 22 | €5,357,637 | €5,241,045 | -€116,592 | -2.2% |
| Plant, machinery and equipment | 23 | €605 | €370 | -€236 | -38.9% |
| Furniture and vehicles | 24 | €1,550 | €7,482 | +€5,931 | +383% |
| Current assets | 29/58 | €20,807 | €20,882 | +€75 | +0.4% |
| Amounts receivable within one year | 40/41 | €275 | €5 | -€270 | -98.1% |
| Other amounts receivable | 41 | €275 | €5 | -€270 | -98.1% |
| Current investments | 50/53 | €0 | €10,000 | +€10,000 | |
| Cash at bank and in hand | 54/58 | €14,517 | €4,360 | -€10,157 | -70.0% |
| Deferred charges and accrued income | 490/1 | €6,015 | €6,517 | +€502 | +8.3% |
| Total equity and liabilities | 10/49 | €5,380,599 | €5,269,779 | -€110,821 | -2.1% |
| Equity | 10/15 | €4,624,479 | €4,668,497 | +€44,018 | +1.0% |
| Contributions | 10/11 | €3,062,000 | €3,062,000 | = | 0.0% |
| Capital | 10 | €3,062,000 | €3,062,000 | = | 0.0% |
| Issued capital | 100 | €3,062,000 | €3,062,000 | = | 0.0% |
| Reserves | 13 | €978,836 | €978,836 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €935,136 | €935,136 | = | 0.0% |
| Profit (loss) carried forward | 14 | €583,643 | €627,661 | +€44,018 | +7.5% |
| Amounts payable | 17/49 | €756,120 | €601,282 | -€154,839 | -20.5% |
| Amounts payable within one year | 42/48 | €752,206 | €597,512 | -€154,694 | -20.6% |
| Trade debts | 44 | €205 | €998 | +€794 | +388% |
| Suppliers | 440/4 | €205 | €998 | +€794 | +388% |
| Other amounts payable | 47/48 | €752,002 | €596,513 | -€155,488 | -20.7% |
| Accrued charges and deferred income | 492/3 | €3,914 | €3,770 | -€144 | -3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129,289 | €132,222 | +€2,934 | +2.3% |
| Other operating charges | 640/8 | €55,306 | €58,516 | +€3,210 | +5.8% |
| Gross operating margin | 9900 | €223,615 | €234,864 | +€11,249 | +5.0% |
| Operating profit (loss) | 9901 | €39,020 | €44,125 | +€5,105 | +13.1% |
| Financial income | 75/76B | €528 | €17 | -€511 | -96.7% |
| Recurring financial income | 75 | €528 | €17 | -€511 | -96.7% |
| Financial charges | 65/66B | €111 | €125 | +€14 | +12.2% |
| Recurring financial charges | 65 | €111 | €125 | +€14 | +12.2% |
| Profit (loss) for the period before taxes | 9903 | €39,437 | €44,018 | +€4,581 | +11.6% |
| Income taxes | 67/77 | €575 | €0 | -€575 | -100% |
| Profit (loss) for the period | 9904 | €38,862 | €44,018 | +€5,156 | +13.3% |
| Profit (loss) for the period to be appropriated | 9905 | €38,862 | €44,018 | +€5,156 | +13.3% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.