JOCA Projects II: 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 Projects II
Largest movements
- Receivables within one year +€18,742
up €18,742 (+23.1%), from €81,294 to €100,036
of which Other amounts receivable: +€14,143
- Cash +€14,669
up €14,669 (+85.6%), from €17,142 to €31,811
mainly Net result for the year (+€34,603) and Depreciation (+€10,780)
- Tangible fixed assets -€8,505
down €8,505 (-25.7%), from €33,079 to €24,574
of which Land and buildings: -€6,086
- Reserves +€34,604
up €34,604 (+16.5%), from €209,916 to €244,520
of which Distributable reserves: +€34,604
- Tax, wage and social debts -€7,812
down €7,812 (-25.8%), from €30,324 to €22,512
of which Taxes: -€6,313
- Current portion of long-term debt +€3,480
up €3,480 (+289%), from €1,205 to €4,685
- Trade debts -€3,386
down €3,386 (-52.1%), from €6,505 to €3,119
- Gross operating margin +€14,522
up €14,522 (+35.9%), from €40,397 to €54,919
- Financial income +€1,980
new in 2024: €1,980
of which Financial income: +€1,980
- Financial charges +€1,302
up €1,302 (+364%), from €358 to €1,660
- Depreciation -€1,201
down €1,201 (-10.0%), from €11,981 to €10,780
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €251,605 | €278,491 | +€26,886 | +10.7% |
| Fixed assets | 21/28 | €33,169 | €24,664 | -€8,505 | -25.6% |
| Tangible fixed assets | 22/27 | €33,079 | €24,574 | -€8,505 | -25.7% |
| Land and buildings | 22 | €14,156 | €8,070 | -€6,086 | -43.0% |
| Plant, machinery and equipment | 23 | €2,152 | €3,144 | +€992 | +46.1% |
| Furniture and vehicles | 24 | €16,771 | €13,360 | -€3,411 | -20.3% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €218,436 | €253,827 | +€35,391 | +16.2% |
| Amounts receivable after more than one year | 29 | €120,000 | €120,000 | = | 0.0% |
| Other amounts receivable | 291 | €120,000 | €120,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €81,294 | €100,036 | +€18,742 | +23.1% |
| Trade receivables | 40 | €79,845 | €84,444 | +€4,599 | +5.8% |
| Other amounts receivable | 41 | €1,449 | €15,592 | +€14,143 | +976% |
| Cash at bank and in hand | 54/58 | €17,142 | €31,811 | +€14,669 | +85.6% |
| Deferred charges and accrued income | 490/1 | - | €1,980 | +€1,980 | |
| Total equity and liabilities | 10/49 | €251,605 | €278,491 | +€26,886 | +10.7% |
| Equity | 10/15 | €211,116 | €245,720 | +€34,604 | +16.4% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Capital | 10 | €1,200 | €1,200 | = | 0.0% |
| Issued capital | 100 | €1,200 | €1,200 | = | 0.0% |
| Reserves | 13 | €209,916 | €244,520 | +€34,604 | +16.5% |
| Non-distributable reserves | 130/1 | €120 | €120 | = | 0.0% |
| Legal reserve | 130 | €120 | €120 | = | 0.0% |
| Distributable reserves | 133 | €209,796 | €244,400 | +€34,604 | +16.5% |
| Amounts payable | 17/49 | €40,489 | €32,771 | -€7,718 | -19.1% |
| Amounts payable after more than one year | 17 | €1,941 | €1,941 | = | 0.0% |
| Financial debts | 170/4 | €1,941 | €1,941 | = | 0.0% |
| Amounts payable within one year | 42/48 | €38,034 | €30,316 | -€7,718 | -20.3% |
| Current portion of amounts payable after more than one year | 42 | €1,205 | €4,685 | +€3,480 | +289% |
| Trade debts | 44 | €6,505 | €3,119 | -€3,386 | -52.1% |
| Suppliers | 440/4 | €6,505 | €3,119 | -€3,386 | -52.1% |
| Taxes, remuneration and social security | 45 | €30,324 | €22,512 | -€7,812 | -25.8% |
| Taxes | 450/3 | €28,215 | €21,902 | -€6,313 | -22.4% |
| Remuneration and social security | 454/9 | €2,109 | €610 | -€1,499 | -71.1% |
| Accrued charges and deferred income | 492/3 | €514 | €514 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,981 | €10,780 | -€1,201 | -10.0% |
| Other operating charges | 640/8 | €2,089 | €2,264 | +€175 | +8.4% |
| Gross operating margin | 9900 | €40,397 | €54,919 | +€14,522 | +35.9% |
| Operating profit (loss) | 9901 | €26,327 | €41,875 | +€15,548 | +59.1% |
| Financial income | 75/76B | - | €1,980 | +€1,980 | |
| Recurring financial income | 75 | - | €1,980 | +€1,980 | |
| Non-recurring financial income | 76B | - | €1,980 | +€1,980 | |
| Financial charges | 65/66B | €358 | €1,660 | +€1,302 | +364% |
| Recurring financial charges | 65 | €358 | €1,660 | +€1,302 | +364% |
| Profit (loss) for the period before taxes | 9903 | €25,969 | €42,195 | +€16,226 | +62.5% |
| Income taxes | 67/77 | €8,114 | €7,592 | -€522 | -6.4% |
| Profit (loss) for the period | 9904 | €17,855 | €34,603 | +€16,748 | +93.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,855 | €34,603 | +€16,748 | +93.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.