JOCI: 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.
JOCI
Largest movements
- Tangible fixed assets -€18,225
down €18,225 (-10.3%), from €176,803 to €158,579
of which Land and buildings: -€10,235
- Stocks and contracts -€16,054
down €16,054 (-72.2%), from €22,229 to €6,175
- Deferred charges and accrued income +€12,238
up €12,238 (+70.4%), from €17,372 to €29,610
- Cash +€5,107
up €5,107 (+85.7%), from €5,957 to €11,064
mainly Depreciation (+€20,225) and Stocks and contracts (+€16,054)
- Receivables within one year -€2,811
down €2,811 (-32.5%), from €8,644 to €5,833
of which Trade receivables: -€7,187
- Profit (loss) carried forward -€16,185
down €16,185, from €1,096 to -€15,089
- Debts after one year -€15,304
down €15,304 (-17.5%), from €87,598 to €72,294
- Current portion of long-term debt +€11,728
up €11,728 (+51.1%), from €22,964 to €34,691
- Other debts -€11,349
down €11,349 (-11.4%), from €99,700 to €88,351
- Advances received +€9,548
new in 2025: €9,548
- Gross operating margin -€23,170
down €23,170 (-73.1%), from €31,676 to €8,506
- Taxes -€2,420
no longer reported in 2025 (was €2,420)
- Depreciation -€2,109
down €2,109 (-9.4%), from €22,334 to €20,225
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 | €235,638 | €213,894 | -€21,745 | -9.2% |
| Fixed assets | 21/28 | €181,437 | €161,212 | -€20,225 | -11.1% |
| Intangible fixed assets | 21 | €4,633 | €2,633 | -€2,000 | -43.2% |
| Tangible fixed assets | 22/27 | €176,803 | €158,579 | -€18,225 | -10.3% |
| Land and buildings | 22 | €149,674 | €139,438 | -€10,235 | -6.8% |
| Plant, machinery and equipment | 23 | €26,017 | €18,626 | -€7,391 | -28.4% |
| Furniture and vehicles | 24 | €1,113 | €514 | -€599 | -53.8% |
| Current assets | 29/58 | €54,202 | €52,682 | -€1,520 | -2.8% |
| Stocks and contracts in progress | 3 | €22,229 | €6,175 | -€16,054 | -72.2% |
| Stocks | 30/36 | €22,229 | €6,175 | -€16,054 | -72.2% |
| Amounts receivable within one year | 40/41 | €8,644 | €5,833 | -€2,811 | -32.5% |
| Trade receivables | 40 | €8,003 | €816 | -€7,187 | -89.8% |
| Other amounts receivable | 41 | €641 | €5,017 | +€4,376 | +682.9% |
| Cash at bank and in hand | 54/58 | €5,957 | €11,064 | +€5,107 | +85.7% |
| Deferred charges and accrued income | 490/1 | €17,372 | €29,610 | +€12,238 | +70.4% |
| Total equity and liabilities | 10/49 | €235,638 | €213,894 | -€21,745 | -9.2% |
| Equity | 10/15 | €19,696 | €3,511 | -€16,185 | -82.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,096 | -€15,089 | -€16,185 | |
| Amounts payable | 17/49 | €215,942 | €210,383 | -€5,560 | -2.6% |
| Amounts payable after more than one year | 17 | €87,598 | €72,294 | -€15,304 | -17.5% |
| Financial debts | 170/4 | €87,598 | €72,294 | -€15,304 | -17.5% |
| Amounts payable within one year | 42/48 | €128,344 | €138,088 | +€9,744 | +7.6% |
| Current portion of amounts payable after more than one year | 42 | €22,964 | €34,691 | +€11,728 | +51.1% |
| Trade debts | 44 | €2,070 | €5,498 | +€3,429 | +165.7% |
| Suppliers | 440/4 | €2,070 | €5,498 | +€3,429 | +165.7% |
| Advances received on contracts in progress | 46 | - | €9,548 | +€9,548 | |
| Taxes, remuneration and social security | 45 | €3,611 | - | -€3,611 | |
| Taxes | 450/3 | €3,611 | - | -€3,611 | |
| Other amounts payable | 47/48 | €99,700 | €88,351 | -€11,349 | -11.4% |
| Non-recurring operating income | 76A | €8,000 | - | -€8,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,334 | €20,225 | -€2,109 | -9.4% |
| Other operating charges | 640/8 | €1,711 | €1,701 | -€10 | -0.6% |
| Gross operating margin | 9900 | €31,676 | €8,506 | -€23,170 | -73.1% |
| Operating profit (loss) | 9901 | €7,632 | -€13,420 | -€21,051 | |
| Financial charges | 65/66B | €2,984 | €2,765 | -€219 | -7.3% |
| Recurring financial charges | 65 | €2,984 | €2,765 | -€219 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €4,648 | -€16,185 | -€20,832 | |
| Income taxes | 67/77 | €2,420 | - | -€2,420 | |
| Profit (loss) for the period | 9904 | €2,228 | -€16,185 | -€18,413 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,228 | -€16,185 | -€18,413 |
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 12 October 2026 via checked.be.