JOCA MANAGEMENT: 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 MANAGEMENT
Largest movements
- Tangible fixed assets -€22,874
down €22,874 (-12.1%), from €189,207 to €166,333
- Cash +€8,293
up €8,293 (+102.5%), from €8,089 to €16,382
mainly Depreciation (+€22,874) and Net result for the year (+€5,274)
- Debts after one year -€19,932
down €19,932 (-17.7%), from €112,479 to €92,547
- Reserves +€5,274
up €5,274 (+5.5%), from €96,584 to €101,859
of which Distributable reserves: +€5,274
- Gross operating margin -€4,490
down €4,490 (-9.9%), from €45,188 to €40,698
- Financial charges -€1,364
down €1,364 (-17.4%), from €7,826 to €6,462
- Depreciation +€952
up €952 (+4.3%), from €21,922 to €22,874
- Taxes -€577
down €577 (-12.6%), from €4,587 to €4,010
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 | €270,567 | €255,245 | -€15,322 | -5.7% |
| Fixed assets | 21/28 | €249,707 | €226,833 | -€22,874 | -9.2% |
| Tangible fixed assets | 22/27 | €189,207 | €166,333 | -€22,874 | -12.1% |
| Land and buildings | 22 | €189,207 | €166,333 | -€22,874 | -12.1% |
| Financial fixed assets | 28 | €60,500 | €60,500 | = | 0.0% |
| Current assets | 29/58 | €20,860 | €28,412 | +€7,551 | +36.2% |
| Amounts receivable within one year | 40/41 | €11,725 | €11,055 | -€670 | -5.7% |
| Trade receivables | 40 | €10,607 | €10,061 | -€546 | -5.1% |
| Other amounts receivable | 41 | €1,119 | €994 | -€124 | -11.1% |
| Cash at bank and in hand | 54/58 | €8,089 | €16,382 | +€8,293 | +102.5% |
| Deferred charges and accrued income | 490/1 | €1,046 | €975 | -€72 | -6.8% |
| Total equity and liabilities | 10/49 | €270,567 | €255,245 | -€15,322 | -5.7% |
| Equity | 10/15 | €115,184 | €120,459 | +€5,274 | +4.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €96,584 | €101,859 | +€5,274 | +5.5% |
| Tax-exempt reserves | 132 | €178 | €178 | = | 0.0% |
| Distributable reserves | 133 | €96,406 | €101,681 | +€5,274 | +5.5% |
| Amounts payable | 17/49 | €155,382 | €134,786 | -€20,597 | -13.3% |
| Amounts payable after more than one year | 17 | €112,479 | €92,547 | -€19,932 | -17.7% |
| Financial debts | 170/4 | €112,479 | €92,547 | -€19,932 | -17.7% |
| Amounts payable within one year | 42/48 | €42,903 | €42,239 | -€665 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €19,188 | €19,932 | +€744 | +3.9% |
| Financial debts | 43 | €645 | €643 | -€2 | -0.3% |
| Credit institutions | 430/8 | €645 | €643 | -€2 | -0.3% |
| Trade debts | 44 | - | €951 | +€951 | |
| Suppliers | 440/4 | - | €951 | +€951 | |
| Taxes, remuneration and social security | 45 | €2,787 | €2,488 | -€299 | -10.7% |
| Taxes | 450/3 | €2,787 | €2,488 | -€299 | -10.7% |
| Other amounts payable | 47/48 | €20,283 | €18,225 | -€2,058 | -10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,922 | €22,874 | +€952 | +4.3% |
| Other operating charges | 640/8 | €1,990 | €2,092 | +€102 | +5.1% |
| Gross operating margin | 9900 | €45,188 | €40,698 | -€4,490 | -9.9% |
| Operating profit (loss) | 9901 | €21,276 | €15,732 | -€5,544 | -26.1% |
| Financial income | 75/76B | €11 | €14 | +€4 | +34.0% |
| Recurring financial income | 75 | €11 | €14 | +€4 | +34.0% |
| Financial charges | 65/66B | €7,826 | €6,462 | -€1,364 | -17.4% |
| Recurring financial charges | 65 | €7,826 | €6,462 | -€1,364 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €13,461 | €9,284 | -€4,177 | -31.0% |
| Income taxes | 67/77 | €4,587 | €4,010 | -€577 | -12.6% |
| Profit (loss) for the period | 9904 | €8,875 | €5,274 | -€3,600 | -40.6% |
| Profit (loss) for the period to be appropriated | 9905 | €8,875 | €5,274 | -€3,600 | -40.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.