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 +€37,000
up €37,000 (+740%), from €5,000 to €42,000
- Cash +€23,699
up €23,699 (+109%), from €21,732 to €45,431
mainly Net result for the year (+€46,319) and Investment in fixed assets (net) (+€14,905)
- Tangible fixed assets -€20,880
down €20,880 (-45.1%), from €46,296 to €25,416
of which Furniture and vehicles: -€20,917
- Receivables within one year -€2,653
down €2,653 (-5.2%), from €50,772 to €48,119
of which Other amounts receivable: -€13,298
- Reserves +€34,964
up €34,964 (+38.4%), from €91,170 to €126,134
- Profit (loss) carried forward +€11,355
up €11,355, from -€11,355 to €0
- Debts after one year -€8,443
down €8,443 (-57.3%), from €14,731 to €6,288
- Current portion of long-term debt -€2,367
down €2,367 (-15.4%), from €15,383 to €13,015
- Trade debts +€1,970
up €1,970 (+19.4%), from €10,160 to €12,130
- Gross operating margin +€63,127
up €63,127 (+596%), from €10,596 to €73,723
- Taxes +€16,255
up €16,255 (+3,851%), from €422 to €16,677
- Depreciation -€11,182
down €11,182 (-65.2%), from €17,158 to €5,976
- Other operating charges +€1,670
up €1,670 (+213%), from €785 to €2,455
- Financial income +€753
up €753 (+290%), from €259 to €1,012
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 | €123,832 | €162,165 | +€38,333 | +31.0% |
| Fixed assets | 21/28 | €46,296 | €25,416 | -€20,880 | -45.1% |
| Tangible fixed assets | 22/27 | €46,296 | €25,416 | -€20,880 | -45.1% |
| Land and buildings | 22 | €8,473 | €9,780 | +€1,307 | +15.4% |
| Plant, machinery and equipment | 23 | €3,757 | €2,961 | -€796 | -21.2% |
| Furniture and vehicles | 24 | €30,748 | €9,831 | -€20,917 | -68.0% |
| Other tangible fixed assets | 26 | €3,318 | €2,843 | -€475 | -14.3% |
| Current assets | 29/58 | €77,536 | €136,750 | +€59,214 | +76.4% |
| Amounts receivable after more than one year | 29 | €5,000 | €42,000 | +€37,000 | +740% |
| Other amounts receivable | 291 | €5,000 | €42,000 | +€37,000 | +740% |
| Amounts receivable within one year | 40/41 | €50,772 | €48,119 | -€2,653 | -5.2% |
| Trade receivables | 40 | €35,482 | €46,126 | +€10,644 | +30.0% |
| Other amounts receivable | 41 | €15,290 | €1,992 | -€13,298 | -87.0% |
| Cash at bank and in hand | 54/58 | €21,732 | €45,431 | +€23,699 | +109% |
| Deferred charges and accrued income | 490/1 | €32 | €1,200 | +€1,168 | +3,637% |
| Total equity and liabilities | 10/49 | €123,832 | €162,165 | +€38,333 | +31.0% |
| Equity | 10/15 | €80,314 | €126,634 | +€46,319 | +57.7% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €91,170 | €126,134 | +€34,964 | +38.4% |
| Distributable reserves | 133 | €91,170 | €126,134 | +€34,964 | +38.4% |
| Profit (loss) carried forward | 14 | -€11,355 | €0 | +€11,355 | |
| Amounts payable | 17/49 | €43,518 | €35,532 | -€7,986 | -18.4% |
| Amounts payable after more than one year | 17 | €14,731 | €6,288 | -€8,443 | -57.3% |
| Financial debts | 170/4 | €14,731 | €6,288 | -€8,443 | -57.3% |
| Amounts payable within one year | 42/48 | €28,043 | €29,244 | +€1,201 | +4.3% |
| Current portion of amounts payable after more than one year | 42 | €15,383 | €13,015 | -€2,367 | -15.4% |
| Trade debts | 44 | €10,160 | €12,130 | +€1,970 | +19.4% |
| Suppliers | 440/4 | €10,160 | €12,130 | +€1,970 | +19.4% |
| Taxes, remuneration and social security | 45 | €2,500 | €4,099 | +€1,599 | +64.0% |
| Taxes | 450/3 | - | €4,099 | +€4,099 | |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Accrued charges and deferred income | 492/3 | €744 | - | -€744 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,158 | €5,976 | -€11,182 | -65.2% |
| Other operating charges | 640/8 | €785 | €2,455 | +€1,670 | +213% |
| Gross operating margin | 9900 | €10,596 | €73,723 | +€63,127 | +596% |
| Operating profit (loss) | 9901 | -€7,346 | €65,292 | +€72,639 | |
| Financial income | 75/76B | €259 | €1,012 | +€753 | +290% |
| Recurring financial income | 75 | €259 | €1,012 | +€753 | +290% |
| Financial charges | 65/66B | €3,846 | €3,308 | -€538 | -14.0% |
| Recurring financial charges | 65 | €3,846 | €3,308 | -€538 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | -€10,933 | €62,996 | +€73,930 | |
| Income taxes | 67/77 | €422 | €16,677 | +€16,255 | +3,851% |
| Profit (loss) for the period | 9904 | -€11,355 | €46,319 | +€57,675 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,355 | €46,319 | +€57,675 |
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 15 October 2026 via checked.be.