JOCONAM: 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.
JOCONAM
Largest movements
- Cash -€24,193
down €24,193 (-35.8%), from €67,606 to €43,413
mainly Net result for the year (-€68,799) and Accrued charges and deferred income (-€5,877)
- Stocks and contracts -€6,385
down €6,385 (-25.4%), from €25,118 to €18,734
- Receivables within one year +€5,426
up €5,426 (+32.7%), from €16,575 to €22,001
- Deferred charges and accrued income -€3,355
down €3,355 (-58.8%), from €5,702 to €2,347
- Profit (loss) carried forward -€68,799
down €68,799 (-185%), from -€37,137 to -€105,935
- Trade debts +€42,550
up €42,550 (+37.3%), from €114,117 to €156,667
- Accrued charges and deferred income -€5,877
down €5,877 (-99.9%), from €5,881 to €4
- Tax, wage and social debts +€1,873
up €1,873 (+6.3%), from €29,669 to €31,542
of which Taxes: +€3,949
- Staff costs +€54,397
up €54,397 (+21.8%), from €249,684 to €304,081
- Gross operating margin +€23,474
up €23,474 (+10.7%), from €220,158 to €243,633
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 | €120,030 | €89,777 | -€30,253 | -25.2% |
| Formation expenses | 20 | €186 | €103 | -€83 | -44.4% |
| Fixed assets | 21/28 | €4,842 | €3,178 | -€1,664 | -34.4% |
| Intangible fixed assets | 21 | €1,350 | €750 | -€600 | -44.4% |
| Tangible fixed assets | 22/27 | €3,134 | €2,070 | -€1,064 | -33.9% |
| Plant, machinery and equipment | 23 | €1,537 | €1,087 | -€449 | -29.2% |
| Furniture and vehicles | 24 | €1,597 | €983 | -€615 | -38.5% |
| Financial fixed assets | 28 | €359 | €359 | = | 0.0% |
| Current assets | 29/58 | €115,002 | €86,496 | -€28,506 | -24.8% |
| Stocks and contracts in progress | 3 | €25,118 | €18,734 | -€6,385 | -25.4% |
| Stocks | 30/36 | €25,118 | €18,734 | -€6,385 | -25.4% |
| Amounts receivable within one year | 40/41 | €16,575 | €22,001 | +€5,426 | +32.7% |
| Other amounts receivable | 41 | €16,575 | €22,001 | +€5,426 | +32.7% |
| Cash at bank and in hand | 54/58 | €67,606 | €43,413 | -€24,193 | -35.8% |
| Deferred charges and accrued income | 490/1 | €5,702 | €2,347 | -€3,355 | -58.8% |
| Total equity and liabilities | 10/49 | €120,030 | €89,777 | -€30,253 | -25.2% |
| Equity | 10/15 | -€29,637 | -€98,435 | -€68,799 | -232% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,137 | -€105,935 | -€68,799 | -185% |
| Amounts payable | 17/49 | €149,667 | €188,213 | +€38,546 | +25.8% |
| Amounts payable within one year | 42/48 | €143,786 | €188,209 | +€44,422 | +30.9% |
| Trade debts | 44 | €114,117 | €156,667 | +€42,550 | +37.3% |
| Suppliers | 440/4 | €114,117 | €156,667 | +€42,550 | +37.3% |
| Taxes, remuneration and social security | 45 | €29,669 | €31,542 | +€1,873 | +6.3% |
| Taxes | 450/3 | €1,125 | €5,074 | +€3,949 | +351% |
| Remuneration and social security | 454/9 | €28,544 | €26,468 | -€2,076 | -7.3% |
| Accrued charges and deferred income | 492/3 | €5,881 | €4 | -€5,877 | -99.9% |
| Remuneration, social security and pensions | 62 | €249,684 | €304,081 | +€54,397 | +21.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,524 | €1,747 | +€222 | +14.6% |
| Other operating charges | 640/8 | €4,084 | €3,295 | -€789 | -19.3% |
| Gross operating margin | 9900 | €220,158 | €243,633 | +€23,474 | +10.7% |
| Operating profit (loss) | 9901 | -€35,134 | -€65,490 | -€30,356 | -86.4% |
| Financial income | 75/76B | €5 | €0 | -€5 | -99.8% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -99.8% |
| Financial charges | 65/66B | €2,356 | €2,274 | -€81 | -3.4% |
| Recurring financial charges | 65 | €2,356 | €2,274 | -€81 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | -€37,484 | -€67,764 | -€30,280 | -80.8% |
| Income taxes | 67/77 | €1,023 | €1,034 | +€11 | +1.1% |
| Profit (loss) for the period | 9904 | -€38,507 | -€68,799 | -€30,291 | -78.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,507 | -€68,799 | -€30,291 | -78.7% |
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 19 October 2026 via checked.be.