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
- Tangible fixed assets -€5,081
down €5,081 (-18.5%), from €27,452 to €22,372
of which Plant, machinery and equipment: -€6,011
- Stocks and contracts +€1,624
up €1,624 (+35.5%), from €4,580 to €6,203
- Cash +€1,112
up €1,112 (+26.3%), from €4,224 to €5,336
mainly Trade debts (+€7,070) and Depreciation (+€7,049)
- Formation expenses -€849
no longer reported in 2025 (was €849)
- Receivables within one year -€791
down €791 (-66.2%), from €1,196 to €405
- Other debts -€15,027
down €15,027 (-66.1%), from €22,740 to €7,713
- Trade debts +€7,070
up €7,070 (+44.2%), from €15,995 to €23,065
- Reserves +€2,620
up €2,620 (+3,679%), from €71 to €2,691
- Tax, wage and social debts +€1,352
up €1,352 (+696%), from €194 to €1,546
- Gross operating margin +€10,869
up €10,869 (+702%), from €1,549 to €12,418
- Depreciation +€6,165
up €6,165 (+697%), from €884 to €7,049
- Taxes +€867
new in 2025: €867
- Financial charges +€813
up €813 (+387%), from €210 to €1,023
- Other operating charges +€295
up €295 (+82.7%), from €357 to €653
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 | €41,001 | €37,016 | -€3,985 | -9.7% |
| Formation expenses | 20 | €849 | - | -€849 | |
| Fixed assets | 21/28 | €30,152 | €25,072 | -€5,081 | -16.8% |
| Tangible fixed assets | 22/27 | €27,452 | €22,372 | -€5,081 | -18.5% |
| Plant, machinery and equipment | 23 | €27,452 | €21,441 | -€6,011 | -21.9% |
| Furniture and vehicles | 24 | - | €931 | +€931 | |
| Financial fixed assets | 28 | €2,700 | €2,700 | = | 0.0% |
| Current assets | 29/58 | €10,000 | €11,944 | +€1,944 | +19.4% |
| Stocks and contracts in progress | 3 | €4,580 | €6,203 | +€1,624 | +35.5% |
| Stocks | 30/36 | €4,580 | €6,203 | +€1,624 | +35.5% |
| Amounts receivable within one year | 40/41 | €1,196 | €405 | -€791 | -66.2% |
| Other amounts receivable | 41 | €1,196 | €405 | -€791 | -66.2% |
| Cash at bank and in hand | 54/58 | €4,224 | €5,336 | +€1,112 | +26.3% |
| Total equity and liabilities | 10/49 | €41,001 | €37,016 | -€3,985 | -9.7% |
| Equity | 10/15 | €2,071 | €4,691 | +€2,620 | +126% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €71 | €2,691 | +€2,620 | +3,679% |
| Distributable reserves | 133 | €71 | €2,691 | +€2,620 | +3,679% |
| Amounts payable | 17/49 | €38,930 | €32,325 | -€6,605 | -17.0% |
| Amounts payable within one year | 42/48 | €38,930 | €32,325 | -€6,605 | -17.0% |
| Trade debts | 44 | €15,995 | €23,065 | +€7,070 | +44.2% |
| Suppliers | 440/4 | €15,995 | €23,065 | +€7,070 | +44.2% |
| Taxes, remuneration and social security | 45 | €194 | €1,546 | +€1,352 | +696% |
| Taxes | 450/3 | €194 | €1,546 | +€1,352 | +696% |
| Other amounts payable | 47/48 | €22,740 | €7,713 | -€15,027 | -66.1% |
| Remuneration, social security and pensions | 62 | €51 | €286 | +€234 | +455% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €884 | €7,049 | +€6,165 | +697% |
| Other operating charges | 640/8 | €357 | €653 | +€295 | +82.7% |
| Gross operating margin | 9900 | €1,549 | €12,418 | +€10,869 | +702% |
| Operating profit (loss) | 9901 | €256 | €4,431 | +€4,175 | +1,630% |
| Financial income | 75/76B | €25 | €79 | +€54 | +214% |
| Recurring financial income | 75 | €25 | €79 | +€54 | +214% |
| Financial charges | 65/66B | €210 | €1,023 | +€813 | +387% |
| Recurring financial charges | 65 | €210 | €1,023 | +€813 | +387% |
| Profit (loss) for the period before taxes | 9903 | €71 | €3,487 | +€3,415 | +4,797% |
| Income taxes | 67/77 | - | €867 | +€867 | |
| Profit (loss) for the period | 9904 | €71 | €2,620 | +€2,549 | +3,579% |
| Profit (loss) for the period to be appropriated | 9905 | €71 | €2,620 | +€2,549 | +3,579% |
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 14 October 2026 via checked.be.