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
- Current investments +€36,000
up €36,000 (+34.3%), from €105,000 to €141,000
- Deferred charges and accrued income -€6,058
down €6,058 (-65.3%), from €9,281 to €3,223
- Cash +€3,417
up €3,417 (+16.0%), from €21,394 to €24,811
mainly Net result for the year (+€119,731) and Tax, wage and social debts (+€15,044)
- Tax, wage and social debts +€15,044
up €15,044 (+288%), from €5,231 to €20,275
- Reserves +€14,731
up €14,731 (+13.7%), from €107,615 to €122,347
- Other debts +€2,908
up €2,908 (+11.6%), from €25,158 to €28,066
- Gross operating margin +€17,972
up €17,972 (+13.1%), from €137,592 to €155,564
- Taxes +€4,670
up €4,670 (+15.6%), from €29,986 to €34,657
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 | €159,089 | €191,442 | +€32,353 | +20.3% |
| Fixed assets | 21/28 | €301 | €0 | -€301 | -100% |
| Tangible fixed assets | 22/27 | €301 | €0 | -€301 | -100% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €301 | €0 | -€301 | -100% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €158,789 | €191,442 | +€32,654 | +20.6% |
| Amounts receivable within one year | 40/41 | €23,114 | €22,408 | -€706 | -3.1% |
| Trade receivables | 40 | €22,938 | €22,408 | -€529 | -2.3% |
| Other amounts receivable | 41 | €177 | €0 | -€177 | -100% |
| Current investments | 50/53 | €105,000 | €141,000 | +€36,000 | +34.3% |
| Cash at bank and in hand | 54/58 | €21,394 | €24,811 | +€3,417 | +16.0% |
| Deferred charges and accrued income | 490/1 | €9,281 | €3,223 | -€6,058 | -65.3% |
| Total equity and liabilities | 10/49 | €159,089 | €191,442 | +€32,353 | +20.3% |
| Equity | 10/15 | €126,215 | €140,947 | +€14,731 | +11.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €107,615 | €122,347 | +€14,731 | +13.7% |
| Distributable reserves | 133 | €107,615 | €122,347 | +€14,731 | +13.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €32,874 | €50,496 | +€17,622 | +53.6% |
| Amounts payable within one year | 42/48 | €31,374 | €48,996 | +€17,622 | +56.2% |
| Trade debts | 44 | €985 | €655 | -€330 | -33.5% |
| Suppliers | 440/4 | €985 | €655 | -€330 | -33.5% |
| Taxes, remuneration and social security | 45 | €5,231 | €20,275 | +€15,044 | +288% |
| Taxes | 450/3 | €5,231 | €20,275 | +€15,044 | +288% |
| Other amounts payable | 47/48 | €25,158 | €28,066 | +€2,908 | +11.6% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €801 | €301 | -€501 | -62.5% |
| Other operating charges | 640/8 | €685 | €926 | +€242 | +35.3% |
| Gross operating margin | 9900 | €137,592 | €155,564 | +€17,972 | +13.1% |
| Operating profit (loss) | 9901 | €136,106 | €154,337 | +€18,231 | +13.4% |
| Financial income | 75/76B | €2,541 | €1,946 | -€595 | -23.4% |
| Recurring financial income | 75 | €2,541 | €1,946 | -€595 | -23.4% |
| Financial charges | 65/66B | €1,922 | €1,896 | -€26 | -1.3% |
| Recurring financial charges | 65 | €1,922 | €1,896 | -€26 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €136,725 | €154,388 | +€17,662 | +12.9% |
| Income taxes | 67/77 | €29,986 | €34,657 | +€4,670 | +15.6% |
| Profit (loss) for the period | 9904 | €106,739 | €119,731 | +€12,992 | +12.2% |
| Profit (loss) for the period to be appropriated | 9905 | €106,739 | €119,731 | +€12,992 | +12.2% |
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 24 October 2026 via checked.be.