JODICO: 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.
JODICO
Largest movements
- Tangible fixed assets +€262,005
up €262,005 (+20.0%), from €1.3m to €1.6m
of which Furniture and vehicles: +€170,302
- Cash -€187,892
down €187,892 (-96.2%), from €195,213 to €7,322
mainly Investment in fixed assets (net) (-€502,291) and Contributions, distributions and other (-€135,000)
- Current investments -€186,509
down €186,509 (-29.3%), from €636,870 to €450,362
- Financial fixed assets +€143,423
new in 2025: €143,423
- Receivables within one year -€83,427
down €83,427 (-76.8%), from €108,602 to €25,175
of which Other amounts receivable: -€93,761
- Other debts +€135,000
new in 2025: €135,000
- Reserves -€107,260
down €107,260 (-7.6%), from €1.4m to €1.3m
of which Distributable reserves: -€108,800
- Current portion of long-term debt -€74,746
down €74,746 (-59.1%), from €126,579 to €51,833
- Debts after one year -€51,833
down €51,833 (-48.0%), from €108,083 to €56,250
- Trade debts +€40,340
up €40,340 (+178%), from €22,708 to €63,049
- Depreciation -€41,487
down €41,487 (-30.0%), from €138,349 to €96,862
- Gross operating margin +€34,747
up €34,747 (+27.9%), from €124,505 to €159,251
- Financial income -€12,667
down €12,667 (-48.3%), from €26,200 to €13,533
- Taxes +€6,543
new in 2025: €6,543
- Financial charges -€4,674
down €4,674 (-35.3%), from €13,235 to €8,561
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 | €2,253,252 | €2,210,205 | -€43,048 | -1.9% |
| Fixed assets | 21/28 | €1,310,981 | €1,716,410 | +€405,429 | +30.9% |
| Tangible fixed assets | 22/27 | €1,310,981 | €1,572,986 | +€262,005 | +20.0% |
| Land and buildings | 22 | €1,298,771 | €1,390,955 | +€92,184 | +7.1% |
| Plant, machinery and equipment | 23 | €10,004 | €9,523 | -€481 | -4.8% |
| Furniture and vehicles | 24 | €2,207 | €172,508 | +€170,302 | +7,718% |
| Financial fixed assets | 28 | - | €143,423 | +€143,423 | |
| Current assets | 29/58 | €942,271 | €493,795 | -€448,476 | -47.6% |
| Amounts receivable within one year | 40/41 | €108,602 | €25,175 | -€83,427 | -76.8% |
| Trade receivables | 40 | - | €10,334 | +€10,334 | |
| Other amounts receivable | 41 | €108,602 | €14,841 | -€93,761 | -86.3% |
| Current investments | 50/53 | €636,870 | €450,362 | -€186,509 | -29.3% |
| Cash at bank and in hand | 54/58 | €195,213 | €7,322 | -€187,892 | -96.2% |
| Deferred charges and accrued income | 490/1 | €1,586 | €10,937 | +€9,351 | +590% |
| Total equity and liabilities | 10/49 | €2,253,252 | €2,210,205 | -€43,048 | -1.9% |
| Equity | 10/15 | €1,645,640 | €1,538,386 | -€107,254 | -6.5% |
| Contributions | 10/11 | €220,656 | €220,656 | = | 0.0% |
| Reserves | 13 | €1,418,181 | €1,310,921 | -€107,260 | -7.6% |
| Tax-exempt reserves | 132 | €1,066,364 | €1,067,904 | +€1,540 | +0.1% |
| Distributable reserves | 133 | €351,817 | €243,017 | -€108,800 | -30.9% |
| Profit (loss) carried forward | 14 | €6,803 | €6,809 | +€6 | +0.1% |
| Provisions and deferred taxes | 16 | €348,642 | €349,155 | +€513 | +0.1% |
| Deferred taxes | 168 | €348,642 | €349,155 | +€513 | +0.1% |
| Amounts payable | 17/49 | €258,971 | €322,664 | +€63,693 | +24.6% |
| Amounts payable after more than one year | 17 | €108,083 | €56,250 | -€51,833 | -48.0% |
| Financial debts | 170/4 | €108,083 | €56,250 | -€51,833 | -48.0% |
| Amounts payable within one year | 42/48 | €150,888 | €266,414 | +€115,527 | +76.6% |
| Current portion of amounts payable after more than one year | 42 | €126,579 | €51,833 | -€74,746 | -59.1% |
| Trade debts | 44 | €22,708 | €63,049 | +€40,340 | +178% |
| Suppliers | 440/4 | €22,708 | €63,049 | +€40,340 | +178% |
| Taxes, remuneration and social security | 45 | €1,600 | €16,532 | +€14,932 | +933% |
| Taxes | 450/3 | €1,600 | €16,532 | +€14,932 | +933% |
| Other amounts payable | 47/48 | - | €135,000 | +€135,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €138,349 | €96,862 | -€41,487 | -30.0% |
| Other operating charges | 640/8 | €33,933 | €32,559 | -€1,374 | -4.0% |
| Gross operating margin | 9900 | €124,505 | €159,251 | +€34,747 | +27.9% |
| Operating profit (loss) | 9901 | -€47,777 | €29,830 | +€77,607 | |
| Financial income | 75/76B | €26,200 | €13,533 | -€12,667 | -48.3% |
| Recurring financial income | 75 | €26,200 | €13,533 | -€12,667 | -48.3% |
| Financial charges | 65/66B | €13,235 | €8,561 | -€4,674 | -35.3% |
| Recurring financial charges | 65 | €13,235 | €8,561 | -€4,674 | -35.3% |
| Profit (loss) for the period before taxes | 9903 | -€34,812 | €34,802 | +€69,615 | |
| Transfer from deferred taxes | 780 | €4,246 | €5,166 | +€920 | +21.7% |
| Transfer to deferred taxes | 680 | - | €5,679 | +€5,679 | |
| Income taxes | 67/77 | - | €6,543 | +€6,543 | |
| Profit (loss) for the period | 9904 | -€30,566 | €27,746 | +€58,312 | |
| Transfer from tax-exempt reserves | 789 | €12,738 | €15,498 | +€2,760 | +21.7% |
| Transfer to tax-exempt reserves | 689 | - | €17,038 | +€17,038 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,828 | €26,206 | +€44,034 |
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 26 October 2026 via checked.be.