JODECOR: 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.
JODECOR
Largest movements
- Cash +€197,176
up €197,176 (+61.8%), from €319,084 to €516,260
mainly Receivables within one year (+€147,619) and Net result for the year (+€116,518)
- Receivables within one year -€147,619
down €147,619 (-53.1%), from €277,966 to €130,346
of which Trade receivables: -€139,331
- Tangible fixed assets +€117,030
up €117,030 (+182%), from €64,277 to €181,308
of which Furniture and vehicles: +€142,216
- Current investments -€100,000
down €100,000 (-100%), from €100,000 to €0
- Deferred charges and accrued income +€8,887
up €8,887 (+141%), from €6,293 to €15,180
- Debts after one year +€65,167
up €65,167 (+306%), from €21,277 to €86,444
of which Financial debts: +€86,444
- Reserves -€55,649
down €55,649 (-8.4%), from €658,962 to €603,312
of which Distributable reserves: -€53,549
- Current portion of long-term debt +€21,162
up €21,162 (+166%), from €12,777 to €33,940
- Short-term financial debts +€19,826
new in 2025: €19,826
- Accrued charges and deferred income +€17,010
new in 2025: €17,010
- Gross operating margin +€42,554
up €42,554 (+5.9%), from €720,294 to €762,848
- Depreciation +€27,961
up €27,961 (+58.4%), from €47,887 to €75,849
- Staff costs -€25,536
down €25,536 (-5.0%), from €513,981 to €488,446
- Taxes +€10,401
up €10,401 (+20.4%), from €51,036 to €61,437
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 | €794,754 | €870,796 | +€76,042 | +9.6% |
| Fixed assets | 21/28 | €76,943 | €194,653 | +€117,710 | +153% |
| Tangible fixed assets | 22/27 | €64,277 | €181,308 | +€117,030 | +182% |
| Land and buildings | 22 | €36,934 | €12,929 | -€24,005 | -65.0% |
| Plant, machinery and equipment | 23 | €3,446 | €2,265 | -€1,180 | -34.3% |
| Furniture and vehicles | 24 | €23,897 | €166,113 | +€142,216 | +595% |
| Financial fixed assets | 28 | €12,666 | €13,346 | +€680 | +5.4% |
| Current assets | 29/58 | €717,811 | €676,143 | -€41,668 | -5.8% |
| Stocks and contracts in progress | 3 | €14,468 | €14,356 | -€112 | -0.8% |
| Stocks | 30/36 | €14,468 | €14,356 | -€112 | -0.8% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €277,966 | €130,346 | -€147,619 | -53.1% |
| Trade receivables | 40 | €246,699 | €107,367 | -€139,331 | -56.5% |
| Other amounts receivable | 41 | €31,267 | €22,979 | -€8,288 | -26.5% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100% |
| Cash at bank and in hand | 54/58 | €319,084 | €516,260 | +€197,176 | +61.8% |
| Deferred charges and accrued income | 490/1 | €6,293 | €15,180 | +€8,887 | +141% |
| Total equity and liabilities | 10/49 | €794,754 | €870,796 | +€76,042 | +9.6% |
| Equity | 10/15 | €679,962 | €624,312 | -€55,649 | -8.2% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Reserves | 13 | €658,962 | €603,312 | -€55,649 | -8.4% |
| Non-distributable reserves | 130/1 | €2,100 | €0 | -€2,100 | -100% |
| Reserves not available under the articles | 1311 | €2,100 | €0 | -€2,100 | -100% |
| Distributable reserves | 133 | €656,862 | €603,312 | -€53,549 | -8.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €114,792 | €246,484 | +€131,692 | +115% |
| Amounts payable after more than one year | 17 | €21,277 | €86,444 | +€65,167 | +306% |
| Financial debts | 170/4 | €0 | €86,444 | +€86,444 | |
| Other amounts payable | 178/9 | €21,277 | €0 | -€21,277 | -100% |
| Amounts payable within one year | 42/48 | €93,515 | €143,030 | +€49,515 | +52.9% |
| Current portion of amounts payable after more than one year | 42 | €12,777 | €33,940 | +€21,162 | +166% |
| Financial debts | 43 | - | €19,826 | +€19,826 | |
| Credit institutions | 430/8 | - | €19,826 | +€19,826 | |
| Trade debts | 44 | €61,704 | €69,223 | +€7,519 | +12.2% |
| Suppliers | 440/4 | €61,704 | €69,223 | +€7,519 | +12.2% |
| Taxes, remuneration and social security | 45 | €19,034 | €13,449 | -€5,585 | -29.3% |
| Taxes | 450/3 | €2,049 | €11,067 | +€9,018 | +440% |
| Remuneration and social security | 454/9 | €16,985 | €2,382 | -€14,603 | -86.0% |
| Other amounts payable | 47/48 | - | €6,593 | +€6,593 | |
| Accrued charges and deferred income | 492/3 | - | €17,010 | +€17,010 | |
| Non-recurring operating income | 76A | €18,895 | €0 | -€18,895 | -100% |
| Remuneration, social security and pensions | 62 | €513,981 | €488,446 | -€25,536 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,887 | €75,849 | +€27,961 | +58.4% |
| Other operating charges | 640/8 | €14,058 | €13,910 | -€148 | -1.1% |
| Gross operating margin | 9900 | €720,294 | €762,848 | +€42,554 | +5.9% |
| Operating profit (loss) | 9901 | €144,368 | €184,644 | +€40,276 | +27.9% |
| Financial income | 75/76B | €1,367 | €3,653 | +€2,286 | +167% |
| Recurring financial income | 75 | €1,367 | €3,653 | +€2,286 | +167% |
| Financial charges | 65/66B | €5,063 | €10,342 | +€5,279 | +104% |
| Recurring financial charges | 65 | €5,063 | €10,342 | +€5,279 | +104% |
| Profit (loss) for the period before taxes | 9903 | €140,672 | €177,956 | +€37,284 | +26.5% |
| Income taxes | 67/77 | €51,036 | €61,437 | +€10,401 | +20.4% |
| Profit (loss) for the period | 9904 | €89,636 | €116,518 | +€26,882 | +30.0% |
| Profit (loss) for the period to be appropriated | 9905 | €89,636 | €116,518 | +€26,882 | +30.0% |
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 16 October 2026 via checked.be.