JOCO: what changed
JOCO
Largest movements
- Cash +€28,273
up €28,273 (+49.4%), from €57,188 to €85,461
mainly Net result for the year (+€41,650) and Depreciation (+€14,294)
- Receivables within one year +€14,421
up €14,421 (+118%), from €12,270 to €26,691
- Tangible fixed assets -€12,944
down €12,944 (-34.0%), from €38,061 to €25,116
of which Leasing and similar rights: -€13,776
- Reserves +€41,650
up €41,650 (+89.1%), from €46,720 to €88,370
- Debts after one year -€11,702
down €11,702 (-69.6%), from €16,817 to €5,115
- Tax, wage and social debts -€2,394
down €2,394 (-10.9%), from €22,046 to €19,652
- Other debts +€1,478
up €1,478 (+21.2%), from €6,981 to €8,459
- Depreciation -€1,750
down €1,750 (-10.9%), from €16,043 to €14,294
- Gross operating margin +€1,414
up €1,414 (+2.1%), from €68,038 to €69,452
- Taxes +€959
up €959 (+8.6%), from €11,200 to €12,159
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €109,676 | €139,431 | +€29,755 | +27.1% |
| Fixed assets | 21/28 | €38,061 | €25,116 | -€12,944 | -34.0% |
| Tangible fixed assets | 22/27 | €38,061 | €25,116 | -€12,944 | -34.0% |
| Plant, machinery and equipment | 23 | €1,111 | €1,943 | +€832 | +74.9% |
| Leasing and similar rights | 25 | €36,950 | €23,174 | -€13,776 | -37.3% |
| Current assets | 29/58 | €71,615 | €114,315 | +€42,700 | +59.6% |
| Amounts receivable within one year | 40/41 | €12,270 | €26,691 | +€14,421 | +118% |
| Trade receivables | 40 | €12,270 | €26,691 | +€14,421 | +118% |
| Cash at bank and in hand | 54/58 | €57,188 | €85,461 | +€28,273 | +49.4% |
| Deferred charges and accrued income | 490/1 | €2,158 | €2,163 | +€5 | +0.2% |
| Total equity and liabilities | 10/49 | €109,676 | €139,431 | +€29,755 | +27.1% |
| Equity | 10/15 | €49,720 | €91,370 | +€41,650 | +83.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €46,720 | €88,370 | +€41,650 | +89.1% |
| Distributable reserves | 133 | €46,720 | €88,370 | +€41,650 | +89.1% |
| Amounts payable | 17/49 | €59,956 | €48,061 | -€11,894 | -19.8% |
| Amounts payable after more than one year | 17 | €16,817 | €5,115 | -€11,702 | -69.6% |
| Financial debts | 170/4 | €16,817 | €5,115 | -€11,702 | -69.6% |
| Amounts payable within one year | 42/48 | €43,138 | €42,946 | -€192 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €11,151 | €11,702 | +€551 | +4.9% |
| Trade debts | 44 | €2,961 | €3,134 | +€173 | +5.8% |
| Suppliers | 440/4 | €2,961 | €3,134 | +€173 | +5.8% |
| Taxes, remuneration and social security | 45 | €22,046 | €19,652 | -€2,394 | -10.9% |
| Taxes | 450/3 | €22,046 | €19,652 | -€2,394 | -10.9% |
| Other amounts payable | 47/48 | €6,981 | €8,459 | +€1,478 | +21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,043 | €14,294 | -€1,750 | -10.9% |
| Other operating charges | 640/8 | €475 | €285 | -€190 | -40.0% |
| Gross operating margin | 9900 | €68,038 | €69,452 | +€1,414 | +2.1% |
| Operating profit (loss) | 9901 | €51,519 | €54,873 | +€3,354 | +6.5% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €1,471 | €1,064 | -€407 | -27.7% |
| Recurring financial charges | 65 | €1,471 | €1,064 | -€407 | -27.7% |
| Profit (loss) for the period before taxes | 9903 | €50,049 | €53,809 | +€3,760 | +7.5% |
| Income taxes | 67/77 | €11,200 | €12,159 | +€959 | +8.6% |
| Profit (loss) for the period | 9904 | €38,849 | €41,650 | +€2,801 | +7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €38,849 | €41,650 | +€2,801 | +7.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.