JODIMAR: 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.
JODIMAR
Largest movements
- Financial fixed assets -€731,250
down €731,250 (-76.5%), from €956,042 to €224,792
- Receivables within one year +€112,802
up €112,802 (+676%), from €16,685 to €129,487
of which Other amounts receivable: +€100,214
- Cash -€70,017
down €70,017 (-21.0%), from €332,856 to €262,839
mainly Debts after one year (-€410,000) and Contributions, distributions and other (-€267,500)
- Debts after one year -€410,000
down €410,000 (-85.1%), from €481,666 to €71,666
of which Other amounts payable: -€390,000
- Reserves -€168,500
down €168,500 (-18.6%), from €905,664 to €737,164
of which Distributable reserves: -€168,500
- Contributions -€99,000
down €99,000 (-57.9%), from €171,000 to €72,000
- Financial charges +€196,070
up €196,070 (+991%), from €19,792 to €215,862
of which Non-recurring financial charges: +€206,250
- Financial income -€107,635
down €107,635 (-32.6%), from €329,824 to €222,189
- Gross operating margin -€47,209
down €47,209 (-77.7%), from €60,720 to €13,511
- Taxes -€31,719
no longer reported in 2025 (was €31,719)
- Depreciation -€4,171
down €4,171 (-12.9%), from €32,251 to €28,080
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 | €1,628,410 | €929,380 | -€699,030 | -42.9% |
| Fixed assets | 21/28 | €1,278,869 | €537,054 | -€741,815 | -58.0% |
| Tangible fixed assets | 22/27 | €322,827 | €312,262 | -€10,565 | -3.3% |
| Land and buildings | 22 | €322,827 | €312,262 | -€10,565 | -3.3% |
| Financial fixed assets | 28 | €956,042 | €224,792 | -€731,250 | -76.5% |
| Current assets | 29/58 | €349,541 | €392,326 | +€42,785 | +12.2% |
| Amounts receivable within one year | 40/41 | €16,685 | €129,487 | +€112,802 | +676% |
| Trade receivables | 40 | €9,680 | €22,268 | +€12,588 | +130% |
| Other amounts receivable | 41 | €7,005 | €107,219 | +€100,214 | +1,431% |
| Cash at bank and in hand | 54/58 | €332,856 | €262,839 | -€70,017 | -21.0% |
| Total equity and liabilities | 10/49 | €1,628,410 | €929,380 | -€699,030 | -42.9% |
| Equity | 10/15 | €1,076,664 | €798,150 | -€278,514 | -25.9% |
| Contributions | 10/11 | €171,000 | €72,000 | -€99,000 | -57.9% |
| Capital | 10 | €171,000 | €72,000 | -€99,000 | -57.9% |
| Issued capital | 100 | €171,000 | €72,000 | -€99,000 | -57.9% |
| Reserves | 13 | €905,664 | €737,164 | -€168,500 | -18.6% |
| Non-distributable reserves | 130/1 | €17,100 | €17,100 | = | 0.0% |
| Legal reserve | 130 | €17,100 | €17,100 | = | 0.0% |
| Distributable reserves | 133 | €888,564 | €720,064 | -€168,500 | -19.0% |
| Profit (loss) carried forward | 14 | - | -€11,014 | -€11,014 | |
| Amounts payable | 17/49 | €551,746 | €131,230 | -€420,516 | -76.2% |
| Amounts payable after more than one year | 17 | €481,666 | €71,666 | -€410,000 | -85.1% |
| Financial debts | 170/4 | €91,666 | €71,666 | -€20,000 | -21.8% |
| Other amounts payable | 178/9 | €390,000 | - | -€390,000 | |
| Amounts payable within one year | 42/48 | €53,314 | €52,427 | -€887 | -1.7% |
| Current portion of amounts payable after more than one year | 42 | €20,000 | €20,000 | = | 0.0% |
| Trade debts | 44 | €371 | €5,618 | +€5,247 | +1,414% |
| Suppliers | 440/4 | €371 | €5,618 | +€5,247 | +1,414% |
| Taxes, remuneration and social security | 45 | €32,943 | €25,969 | -€6,974 | -21.2% |
| Taxes | 450/3 | €32,943 | €25,969 | -€6,974 | -21.2% |
| Other amounts payable | 47/48 | - | €840 | +€840 | |
| Accrued charges and deferred income | 492/3 | €16,766 | €7,137 | -€9,629 | -57.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,251 | €28,080 | -€4,171 | -12.9% |
| Other operating charges | 640/8 | €2,557 | €2,772 | +€215 | +8.4% |
| Gross operating margin | 9900 | €60,720 | €13,511 | -€47,209 | -77.7% |
| Operating profit (loss) | 9901 | €25,912 | -€17,341 | -€43,253 | |
| Financial income | 75/76B | €329,824 | €222,189 | -€107,635 | -32.6% |
| Recurring financial income | 75 | €329,824 | €222,189 | -€107,635 | -32.6% |
| Financial charges | 65/66B | €19,792 | €215,862 | +€196,070 | +991% |
| Recurring financial charges | 65 | €19,792 | €9,612 | -€10,180 | -51.4% |
| Non-recurring financial charges | 66B | - | €206,250 | +€206,250 | |
| Profit (loss) for the period before taxes | 9903 | €335,944 | -€11,014 | -€346,958 | |
| Income taxes | 67/77 | €31,719 | - | -€31,719 | |
| Profit (loss) for the period | 9904 | €304,225 | -€11,014 | -€315,239 | |
| Profit (loss) for the period to be appropriated | 9905 | €304,225 | -€11,014 | -€315,239 |
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 17 October 2026 via checked.be.