JODACO: 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.
JODACO
Largest movements
- Tangible fixed assets +€26,391
up €26,391 (+10.7%), from €247,154 to €273,545
of which Leasing and similar rights: +€44,475
- Intangible fixed assets -€15,000
down €15,000 (-50.0%), from €30,000 to €15,000
- Tax, wage and social debts +€17,249
up €17,249 (+51.1%), from €33,769 to €51,018
of which Taxes: +€12,965
- Reserves +€16,384
up €16,384 (+13.3%), from €123,613 to €139,997
of which Distributable reserves: +€16,384
- Debts after one year -€12,592
down €12,592 (-13.8%), from €91,034 to €78,442
- Provisions -€7,500
down €7,500 (-31.1%), from €24,116 to €16,616
of which Provisions for liabilities and charges: -€7,500
- Advances received +€6,600
new in 2025: €6,600
- Staff costs +€67,609
up €67,609 (+41.3%), from €163,816 to €231,424
- Gross operating margin +€21,579
up €21,579 (+7.6%), from €284,575 to €306,154
- Provisions -€12,500
down €12,500, from €5,000 to -€7,500
- Taxes -€6,530
down €6,530 (-42.3%), from €15,425 to €8,894
- Other operating charges -€3,451
down €3,451 (-39.5%), from €8,733 to €5,282
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 | €486,573 | €493,379 | +€6,806 | +1.4% |
| Fixed assets | 21/28 | €277,154 | €288,545 | +€11,391 | +4.1% |
| Intangible fixed assets | 21 | €30,000 | €15,000 | -€15,000 | -50.0% |
| Tangible fixed assets | 22/27 | €247,154 | €273,545 | +€26,391 | +10.7% |
| Land and buildings | 22 | €186,974 | €179,262 | -€7,712 | -4.1% |
| Plant, machinery and equipment | 23 | €41,357 | €35,034 | -€6,323 | -15.3% |
| Furniture and vehicles | 24 | €1,306 | €501 | -€805 | -61.6% |
| Leasing and similar rights | 25 | - | €44,475 | +€44,475 | |
| Other tangible fixed assets | 26 | €17,518 | €14,273 | -€3,244 | -18.5% |
| Current assets | 29/58 | €209,419 | €204,835 | -€4,585 | -2.2% |
| Amounts receivable within one year | 40/41 | €195,161 | €194,453 | -€708 | -0.4% |
| Trade receivables | 40 | €136,200 | €157,720 | +€21,521 | +15.8% |
| Other amounts receivable | 41 | €58,961 | €36,733 | -€22,228 | -37.7% |
| Current investments | 50/53 | €306 | €306 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €13,787 | €10,076 | -€3,710 | -26.9% |
| Deferred charges and accrued income | 490/1 | €166 | - | -€166 | |
| Total equity and liabilities | 10/49 | €486,573 | €493,379 | +€6,806 | +1.4% |
| Equity | 10/15 | €193,407 | €209,790 | +€16,384 | +8.5% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €123,613 | €139,997 | +€16,384 | +13.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €24,255 | €24,255 | = | 0.0% |
| Distributable reserves | 133 | €97,498 | €113,882 | +€16,384 | +16.8% |
| Profit (loss) carried forward | 14 | €63,588 | €63,588 | = | 0.0% |
| Provisions and deferred taxes | 16 | €24,116 | €16,616 | -€7,500 | -31.1% |
| Provisions for liabilities and charges | 160/5 | €22,500 | €15,000 | -€7,500 | -33.3% |
| Major repairs and maintenance | 162 | €22,500 | €15,000 | -€7,500 | -33.3% |
| Deferred taxes | 168 | €1,616 | €1,616 | = | 0.0% |
| Amounts payable | 17/49 | €269,051 | €266,973 | -€2,078 | -0.8% |
| Amounts payable after more than one year | 17 | €91,034 | €78,442 | -€12,592 | -13.8% |
| Financial debts | 170/4 | €91,034 | €78,442 | -€12,592 | -13.8% |
| Amounts payable within one year | 42/48 | €178,017 | €188,532 | +€10,515 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | €52,973 | €50,936 | -€2,037 | -3.8% |
| Financial debts | 43 | €25,000 | €25,000 | = | 0.0% |
| Other loans | 439 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €59,435 | €54,738 | -€4,697 | -7.9% |
| Suppliers | 440/4 | €59,435 | €54,738 | -€4,697 | -7.9% |
| Advances received on contracts in progress | 46 | - | €6,600 | +€6,600 | |
| Taxes, remuneration and social security | 45 | €33,769 | €51,018 | +€17,249 | +51.1% |
| Taxes | 450/3 | €2,970 | €15,934 | +€12,965 | +437% |
| Remuneration and social security | 454/9 | €30,800 | €35,084 | +€4,284 | +13.9% |
| Other amounts payable | 47/48 | €6,840 | €240 | -€6,600 | -96.5% |
| Remuneration, social security and pensions | 62 | €163,816 | €231,424 | +€67,609 | +41.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,390 | €43,321 | -€2,069 | -4.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,331 | +€1,331 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €5,000 | -€7,500 | -€12,500 | |
| Other operating charges | 640/8 | €8,733 | €5,282 | -€3,451 | -39.5% |
| Gross operating margin | 9900 | €284,575 | €306,154 | +€21,579 | +7.6% |
| Operating profit (loss) | 9901 | €61,636 | €32,296 | -€29,340 | -47.6% |
| Financial income | 75/76B | €121 | €102 | -€19 | -15.6% |
| Recurring financial income | 75 | €121 | €102 | -€19 | -15.6% |
| Financial charges | 65/66B | €9,881 | €7,120 | -€2,761 | -27.9% |
| Recurring financial charges | 65 | €9,881 | €7,120 | -€2,761 | -27.9% |
| Profit (loss) for the period before taxes | 9903 | €51,876 | €25,278 | -€26,598 | -51.3% |
| Income taxes | 67/77 | €15,425 | €8,894 | -€6,530 | -42.3% |
| Profit (loss) for the period | 9904 | €36,452 | €16,384 | -€20,068 | -55.1% |
| Profit (loss) for the period to be appropriated | 9905 | €36,452 | €16,384 | -€20,068 | -55.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.