JODA: 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.
JODA
Largest movements
- Current investments +€60,000
new in 2025: €60,000
- Cash +€56,425
up €56,425 (+58.4%), from €96,635 to €153,060
mainly Net result for the year (+€99,664) and Depreciation (+€43,314)
- Tangible fixed assets -€27,033
down €27,033 (-5.8%), from €464,253 to €437,220
of which Land and buildings: -€23,676
- Reserves +€99,664
up €99,664 (+66.1%), from €150,841 to €250,505
- Tax, wage and social debts +€29,812
up €29,812 (+134.1%), from €22,237 to €52,050
of which Taxes: +€25,812
- Debts after one year -€27,120
down €27,120 (-9.5%), from €285,336 to €258,216
- Gross operating margin +€47,339
up €47,339 (+31.3%), from €151,257 to €198,596
- Taxes +€21,273
up €21,273 (+134.7%), from €15,795 to €37,068
- Depreciation -€18,113
down €18,113 (-29.5%), from €61,426 to €43,314
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 | €574,771 | €662,000 | +€87,228 | +15.2% |
| Fixed assets | 21/28 | €464,253 | €437,220 | -€27,033 | -5.8% |
| Tangible fixed assets | 22/27 | €464,253 | €437,220 | -€27,033 | -5.8% |
| Land and buildings | 22 | €407,309 | €383,633 | -€23,676 | -5.8% |
| Plant, machinery and equipment | 23 | €20,394 | €31,008 | +€10,614 | +52.0% |
| Furniture and vehicles | 24 | €36,550 | €22,579 | -€13,971 | -38.2% |
| Current assets | 29/58 | €110,518 | €224,780 | +€114,262 | +103.4% |
| Stocks and contracts in progress | 3 | €7,618 | €8,365 | +€747 | +9.8% |
| Stocks | 30/36 | €7,618 | €8,365 | +€747 | +9.8% |
| Amounts receivable within one year | 40/41 | €4,029 | €1,302 | -€2,726 | -67.7% |
| Trade receivables | 40 | €1,581 | €1,302 | -€278 | -17.6% |
| Other amounts receivable | 41 | €2,448 | - | -€2,448 | |
| Current investments | 50/53 | - | €60,000 | +€60,000 | |
| Cash at bank and in hand | 54/58 | €96,635 | €153,060 | +€56,425 | +58.4% |
| Deferred charges and accrued income | 490/1 | €2,237 | €2,052 | -€184 | -8.2% |
| Total equity and liabilities | 10/49 | €574,771 | €662,000 | +€87,228 | +15.2% |
| Equity | 10/15 | €151,841 | €251,505 | +€99,664 | +65.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €150,841 | €250,505 | +€99,664 | +66.1% |
| Distributable reserves | 133 | €150,841 | €250,505 | +€99,664 | +66.1% |
| Amounts payable | 17/49 | €422,930 | €410,495 | -€12,435 | -2.9% |
| Amounts payable after more than one year | 17 | €285,336 | €258,216 | -€27,120 | -9.5% |
| Financial debts | 170/4 | €285,336 | €258,216 | -€27,120 | -9.5% |
| Amounts payable within one year | 42/48 | €132,490 | €146,164 | +€13,674 | +10.3% |
| Current portion of amounts payable after more than one year | 42 | €22,642 | €18,208 | -€4,434 | -19.6% |
| Trade debts | 44 | €9,943 | €3,500 | -€6,443 | -64.8% |
| Suppliers | 440/4 | €9,943 | €3,500 | -€6,443 | -64.8% |
| Taxes, remuneration and social security | 45 | €22,237 | €52,050 | +€29,812 | +134.1% |
| Taxes | 450/3 | €22,237 | €48,050 | +€25,812 | +116.1% |
| Remuneration and social security | 454/9 | - | €4,000 | +€4,000 | |
| Other amounts payable | 47/48 | €77,668 | €72,406 | -€5,261 | -6.8% |
| Accrued charges and deferred income | 492/3 | €5,104 | €6,115 | +€1,011 | +19.8% |
| Non-recurring operating income | 76A | - | €2,933 | +€2,933 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,426 | €43,314 | -€18,113 | -29.5% |
| Other operating charges | 640/8 | €4,581 | €6,441 | +€1,860 | +40.6% |
| Gross operating margin | 9900 | €151,257 | €198,596 | +€47,339 | +31.3% |
| Operating profit (loss) | 9901 | €85,250 | €148,841 | +€63,591 | +74.6% |
| Financial income | 75/76B | €1,086 | €124 | -€961 | -88.6% |
| Recurring financial income | 75 | €300 | €124 | -€176 | -58.7% |
| Non-recurring financial income | 76B | €785 | - | -€785 | |
| Financial charges | 65/66B | €11,633 | €12,233 | +€600 | +5.2% |
| Recurring financial charges | 65 | €11,633 | €12,233 | +€600 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | €74,703 | €136,732 | +€62,029 | +83.0% |
| Income taxes | 67/77 | €15,795 | €37,068 | +€21,273 | +134.7% |
| Profit (loss) for the period | 9904 | €58,908 | €99,664 | +€40,756 | +69.2% |
| Profit (loss) for the period to be appropriated | 9905 | €58,908 | €99,664 | +€40,756 | +69.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.