JOCALIN: 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.
JOCALIN
Largest movements
- Cash +€412,952
up €412,952 (+201.9%), from €204,576 to €617,528
mainly Depreciation (+€474,640) and Contributions, distributions and other (+€412,361)
- Tangible fixed assets +€176,098
up €176,098 (+6.4%), from €2.7m to €2.9m
of which Land and buildings: +€176,318
- Profit (loss) carried forward -€361,135
down €361,135 (-336.8%), from -€107,234 to -€468,369
- Reserves +€348,595
up €348,595 (+21.6%), from €1.6m to €2.0m
of which Tax-exempt reserves: +€348,595
- Other debts +€309,285
up €309,285 (+88.8%), from €348,211 to €657,496
- Debts after one year +€245,588
up €245,588 (+28.7%), from €854,318 to €1.1m
- Depreciation +€370,387
up €370,387 (+355.3%), from €104,253 to €474,640
- Financial charges +€9,499
up €9,499 (+35.1%), from €27,072 to €36,571
- Gross operating margin +€4,599
up €4,599 (+4.5%), from €101,551 to €106,150
- Other operating charges -€2,826
down €2,826 (-12.5%), from €22,667 to €19,841
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 | €3,009,042 | €3,572,165 | +€563,123 | +18.7% |
| Fixed assets | 21/28 | €2,739,318 | €2,915,416 | +€176,098 | +6.4% |
| Tangible fixed assets | 22/27 | €2,738,504 | €2,914,602 | +€176,098 | +6.4% |
| Land and buildings | 22 | €2,737,658 | €2,913,976 | +€176,318 | +6.4% |
| Plant, machinery and equipment | 23 | €846 | €626 | -€220 | -26.0% |
| Financial fixed assets | 28 | €814 | €814 | = | 0.0% |
| Current assets | 29/58 | €269,724 | €656,749 | +€387,025 | +143.5% |
| Amounts receivable within one year | 40/41 | €61,765 | €36,434 | -€25,331 | -41.0% |
| Other amounts receivable | 41 | €61,765 | €36,434 | -€25,331 | -41.0% |
| Cash at bank and in hand | 54/58 | €204,576 | €617,528 | +€412,952 | +201.9% |
| Deferred charges and accrued income | 490/1 | €3,383 | €2,787 | -€596 | -17.6% |
| Total equity and liabilities | 10/49 | €3,009,042 | €3,572,165 | +€563,123 | +18.7% |
| Equity | 10/15 | €1,684,658 | €1,672,118 | -€12,540 | -0.7% |
| Contributions | 10/11 | €179,730 | €179,730 | = | 0.0% |
| Reserves | 13 | €1,612,162 | €1,960,757 | +€348,595 | +21.6% |
| Non-distributable reserves | 130/1 | €17,973 | €17,973 | = | 0.0% |
| Reserves not available under the articles | 1311 | €17,973 | €17,973 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,593,389 | €1,941,984 | +€348,595 | +21.9% |
| Distributable reserves | 133 | €800 | €800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€107,234 | -€468,369 | -€361,135 | -336.8% |
| Amounts payable | 17/49 | €1,324,384 | €1,900,047 | +€575,663 | +43.5% |
| Amounts payable after more than one year | 17 | €854,318 | €1,099,906 | +€245,588 | +28.7% |
| Financial debts | 170/4 | €854,318 | €1,099,906 | +€245,588 | +28.7% |
| Amounts payable within one year | 42/48 | €462,081 | €799,166 | +€337,085 | +72.9% |
| Current portion of amounts payable after more than one year | 42 | €113,415 | €137,939 | +€24,524 | +21.6% |
| Trade debts | 44 | €455 | €646 | +€191 | +42.0% |
| Suppliers | 440/4 | €455 | €646 | +€191 | +42.0% |
| Taxes, remuneration and social security | 45 | - | €3,085 | +€3,085 | |
| Taxes | 450/3 | - | €3,085 | +€3,085 | |
| Other amounts payable | 47/48 | €348,211 | €657,496 | +€309,285 | +88.8% |
| Accrued charges and deferred income | 492/3 | €7,985 | €975 | -€7,010 | -87.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,253 | €474,640 | +€370,387 | +355.3% |
| Other operating charges | 640/8 | €22,667 | €19,841 | -€2,826 | -12.5% |
| Gross operating margin | 9900 | €101,551 | €106,150 | +€4,599 | +4.5% |
| Operating profit (loss) | 9901 | -€25,369 | -€388,331 | -€362,962 | -1430.7% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €27,072 | €36,571 | +€9,499 | +35.1% |
| Recurring financial charges | 65 | €27,072 | €36,571 | +€9,499 | +35.1% |
| Profit (loss) for the period before taxes | 9903 | -€52,441 | -€424,901 | -€372,460 | -710.2% |
| Profit (loss) for the period | 9904 | -€52,441 | -€424,901 | -€372,460 | -710.2% |
| Transfer from tax-exempt reserves | 789 | €36,676 | €63,766 | +€27,090 | +73.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,765 | -€361,135 | -€345,370 | -2190.7% |
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 29 September 2026 via checked.be.