JOCO ESTATE: 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.
JOCO ESTATE
Largest movements
- Tangible fixed assets -€147,775
down €147,775 (-3.1%), from €4.7m to €4.6m
- Debts after one year -€116,527
down €116,527 (-2.5%), from €4.6m to €4.5m
of which Financial debts: -€136,527
- Gross operating margin +€106,146
up €106,146 (+56.8%), from €186,765 to €292,912
- Depreciation +€6,780
up €6,780 (+4.8%), from €140,995 to €147,775
- Financial charges -€4,392
down €4,392 (-3.0%), from €144,824 to €140,432
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.
Derived cash bridge
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 | €4,740,887 | €4,633,612 | -€107,275 | -2.3% |
| Fixed assets | 21/28 | €4,727,145 | €4,579,370 | -€147,775 | -3.1% |
| Tangible fixed assets | 22/27 | €4,727,145 | €4,579,370 | -€147,775 | -3.1% |
| Land and buildings | 22 | €4,727,145 | €4,579,370 | -€147,775 | -3.1% |
| Current assets | 29/58 | €13,742 | €54,243 | +€40,501 | +295% |
| Amounts receivable within one year | 40/41 | €563 | €0 | -€563 | -100% |
| Trade receivables | 40 | €563 | €0 | -€563 | -100% |
| Cash at bank and in hand | 54/58 | €11,776 | €26,803 | +€15,026 | +128% |
| Deferred charges and accrued income | 490/1 | €1,402 | €27,440 | +€26,037 | +1,857% |
| Total equity and liabilities | 10/49 | €4,740,887 | €4,633,612 | -€107,275 | -2.3% |
| Equity | 10/15 | €36,072 | €39,249 | +€3,176 | +8.8% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€263,928 | -€260,751 | +€3,176 | +1.2% |
| Amounts payable | 17/49 | €4,704,814 | €4,594,363 | -€110,451 | -2.3% |
| Amounts payable after more than one year | 17 | €4,572,401 | €4,455,874 | -€116,527 | -2.5% |
| Financial debts | 170/4 | €3,557,401 | €3,420,874 | -€136,527 | -3.8% |
| Other amounts payable | 178/9 | €1,015,000 | €1,035,000 | +€20,000 | +2.0% |
| Amounts payable within one year | 42/48 | €132,413 | €138,489 | +€6,076 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €131,398 | €136,527 | +€5,129 | +3.9% |
| Trade debts | 44 | €429 | €911 | +€482 | +113% |
| Suppliers | 440/4 | €429 | €729 | +€300 | +70.0% |
| Bills of exchange payable | 441 | - | €182 | +€182 | |
| Taxes, remuneration and social security | 45 | €586 | €1,051 | +€465 | +79.3% |
| Taxes | 450/3 | €586 | €1,051 | +€465 | +79.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €140,995 | €147,775 | +€6,780 | +4.8% |
| Other operating charges | 640/8 | €2,291 | €1,527 | -€763 | -33.3% |
| Gross operating margin | 9900 | €186,765 | €292,912 | +€106,146 | +56.8% |
| Operating profit (loss) | 9901 | €43,480 | €143,609 | +€100,129 | +230% |
| Financial income | 75/76B | €11 | €0 | -€11 | -100% |
| Recurring financial income | 75 | €11 | €0 | -€11 | -100% |
| Financial charges | 65/66B | €144,824 | €140,432 | -€4,392 | -3.0% |
| Recurring financial charges | 65 | €144,824 | €140,432 | -€4,392 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | -€101,334 | €3,176 | +€104,510 | |
| Profit (loss) for the period | 9904 | -€101,334 | €3,176 | +€104,510 | |
| Profit (loss) for the period to be appropriated | 9905 | -€101,334 | €3,176 | +€104,510 |
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 15 October 2026 via checked.be.