JOCAR: 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.
JOCAR
Largest movements
- Receivables after one year -€11,958
down €11,958 (-59.6%), from €20,057 to €8,100
- Tangible fixed assets +€8,278
up €8,278 (+47.6%), from €17,400 to €25,679
of which Furniture and vehicles: +€11,259
- Cash +€3,679
up €3,679 (+7.6%), from €48,632 to €52,311
mainly Receivables after one year (+€11,958) and Debts after one year (+€6,553)
- Receivables within one year +€1,742
up €1,742 (+8.4%), from €20,834 to €22,576
of which Other amounts receivable: +€1,929
- Deferred charges and accrued income -€1,218
down €1,218 (-88.5%), from €1,376 to €159
- Reserves -€12,795
down €12,795 (-14.1%), from €90,477 to €77,681
of which Distributable reserves: -€12,795
- Debts after one year +€6,553
new in 2025: €6,553
- Trade debts +€3,783
up €3,783 (+30.3%), from €12,468 to €16,252
- Current portion of long-term debt +€2,589
up €2,589 (+48.5%), from €5,339 to €7,928
- Profit (loss) carried forward -€1,468
new in 2025: -€1,468
- Gross operating margin -€6,337
down €6,337 (-25.0%), from €25,397 to €19,060
- Other operating charges +€3,735
up €3,735 (+448.9%), from €832 to €4,567
- Taxes -€2,470
down €2,470 (-54.8%), from €4,506 to €2,036
- Staff costs -€931
down €931 (-12.1%), from €7,704 to €6,774
- Financial charges +€734
up €734 (+75.5%), from €972 to €1,706
of which Financial charges: +€473
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 | €116,817 | €117,458 | +€642 | +0.5% |
| Fixed assets | 21/28 | €25,400 | €33,679 | +€8,278 | +32.6% |
| Tangible fixed assets | 22/27 | €17,400 | €25,679 | +€8,278 | +47.6% |
| Land and buildings | 22 | €4,670 | €4,402 | -€268 | -5.7% |
| Plant, machinery and equipment | 23 | €7,606 | €5,745 | -€1,861 | -24.5% |
| Furniture and vehicles | 24 | €2,027 | €13,286 | +€11,259 | +555.5% |
| Other tangible fixed assets | 26 | €3,098 | €2,245 | -€853 | -27.5% |
| Financial fixed assets | 28 | €8,000 | €8,000 | = | 0.0% |
| Current assets | 29/58 | €91,416 | €83,780 | -€7,636 | -8.4% |
| Amounts receivable after more than one year | 29 | €20,057 | €8,100 | -€11,958 | -59.6% |
| Other amounts receivable | 291 | €20,057 | €8,100 | -€11,958 | -59.6% |
| Stocks and contracts in progress | 3 | €516 | €634 | +€118 | +22.8% |
| Stocks | 30/36 | €516 | €634 | +€118 | +22.8% |
| Amounts receivable within one year | 40/41 | €20,834 | €22,576 | +€1,742 | +8.4% |
| Trade receivables | 40 | €14,694 | €14,507 | -€187 | -1.3% |
| Other amounts receivable | 41 | €6,140 | €8,069 | +€1,929 | +31.4% |
| Cash at bank and in hand | 54/58 | €48,632 | €52,311 | +€3,679 | +7.6% |
| Deferred charges and accrued income | 490/1 | €1,376 | €159 | -€1,218 | -88.5% |
| Total equity and liabilities | 10/49 | €116,817 | €117,458 | +€642 | +0.5% |
| Equity | 10/15 | €96,977 | €82,713 | -€14,263 | -14.7% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €90,477 | €77,681 | -€12,795 | -14.1% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €88,477 | €75,681 | -€12,795 | -14.5% |
| Profit (loss) carried forward | 14 | - | -€1,468 | -€1,468 | |
| Amounts payable | 17/49 | €19,840 | €34,745 | +€14,905 | +75.1% |
| Amounts payable after more than one year | 17 | - | €6,553 | +€6,553 | |
| Financial debts | 170/4 | - | €6,553 | +€6,553 | |
| Amounts payable within one year | 42/48 | €19,840 | €28,192 | +€8,352 | +42.1% |
| Current portion of amounts payable after more than one year | 42 | €5,339 | €7,928 | +€2,589 | +48.5% |
| Trade debts | 44 | €12,468 | €16,252 | +€3,783 | +30.3% |
| Suppliers | 440/4 | €12,468 | €16,252 | +€3,783 | +30.3% |
| Taxes, remuneration and social security | 45 | €1,858 | €2,562 | +€704 | +37.9% |
| Taxes | 450/3 | €1,858 | €2,562 | +€704 | +37.9% |
| Remuneration and social security | 454/9 | €0 | - | -€0 | |
| Other amounts payable | 47/48 | €175 | €1,451 | +€1,276 | +728.7% |
| Remuneration, social security and pensions | 62 | €7,704 | €6,774 | -€931 | -12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,691 | €6,032 | +€341 | +6.0% |
| Other operating charges | 640/8 | €832 | €4,567 | +€3,735 | +448.9% |
| Gross operating margin | 9900 | €25,397 | €19,060 | -€6,337 | -25.0% |
| Operating profit (loss) | 9901 | €11,170 | €1,687 | -€9,483 | -84.9% |
| Financial income | 75/76B | €1,123 | €586 | -€537 | -47.8% |
| Recurring financial income | 75 | €1,123 | €586 | -€537 | -47.8% |
| Financial charges | 65/66B | €972 | €1,706 | +€734 | +75.5% |
| Recurring financial charges | 65 | €972 | €1,445 | +€473 | +48.6% |
| Non-recurring financial charges | 66B | - | €261 | +€261 | |
| Profit (loss) for the period before taxes | 9903 | €11,321 | €567 | -€10,753 | -95.0% |
| Income taxes | 67/77 | €4,506 | €2,036 | -€2,470 | -54.8% |
| Profit (loss) for the period | 9904 | €6,815 | -€1,468 | -€8,283 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,815 | -€1,468 | -€8,283 |
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 3 October 2026 via checked.be.