JODORE: what changed
Two fiscal 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.
JODORE
Largest movements
- Cash +€55,035
up €55,035 (+126.8%), from €43,400 to €98,436
mainly Depreciation (+€58,601) and Net result for the year (+€49,833)
- Tangible fixed assets -€41,304
down €41,304 (-2.5%), from €1.7m to €1.6m
of which Land and buildings: -€50,406
- Reserves +€49,833
up €49,833 (+9.8%), from €507,309 to €557,141
of which Distributable reserves: +€49,833
- Debts after one year -€48,130
down €48,130 (-15.4%), from €313,527 to €265,397
- Gross operating margin +€40,104
up €40,104 (+29.0%), from €138,139 to €178,244
- Taxes +€12,414
up €12,414 (+104.8%), from €11,847 to €24,261
- Depreciation +€2,973
up €2,973 (+5.3%), from €55,628 to €58,601
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.
Cash bridge derived
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 | €1,765,239 | €1,757,062 | -€8,177 | -0.5% |
| Fixed assets | 21/28 | €1,677,294 | €1,635,990 | -€41,304 | -2.5% |
| Tangible fixed assets | 22/27 | €1,677,135 | €1,635,831 | -€41,304 | -2.5% |
| Land and buildings | 22 | €1,671,598 | €1,621,192 | -€50,406 | -3.0% |
| Plant, machinery and equipment | 23 | €4,545 | €12,478 | +€7,933 | +174.6% |
| Furniture and vehicles | 24 | €993 | €2,162 | +€1,169 | +117.8% |
| Financial fixed assets | 28 | €159 | €159 | = | 0.0% |
| Current assets | 29/58 | €87,945 | €121,072 | +€33,127 | +37.7% |
| Amounts receivable within one year | 40/41 | €13,320 | €936 | -€12,384 | -93.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €13,320 | €936 | -€12,384 | -93.0% |
| Current investments | 50/53 | €29,348 | €19,098 | -€10,250 | -34.9% |
| Cash at bank and in hand | 54/58 | €43,400 | €98,436 | +€55,035 | +126.8% |
| Deferred charges and accrued income | 490/1 | €1,876 | €2,602 | +€726 | +38.7% |
| Total equity and liabilities | 10/49 | €1,765,239 | €1,757,062 | -€8,177 | -0.5% |
| Equity | 10/15 | €1,106,045 | €1,155,878 | +€49,833 | +4.5% |
| Contributions | 10/11 | €598,736 | €598,736 | = | 0.0% |
| Reserves | 13 | €507,309 | €557,141 | +€49,833 | +9.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €9,804 | €9,804 | = | 0.0% |
| Distributable reserves | 133 | €497,505 | €547,338 | +€49,833 | +10.0% |
| Amounts payable | 17/49 | €659,194 | €601,184 | -€58,009 | -8.8% |
| Amounts payable after more than one year | 17 | €313,527 | €265,397 | -€48,130 | -15.4% |
| Financial debts | 170/4 | €313,527 | €265,397 | -€48,130 | -15.4% |
| Amounts payable within one year | 42/48 | €345,667 | €334,901 | -€10,766 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €47,536 | €48,130 | +€595 | +1.3% |
| Trade debts | 44 | €495 | €3,155 | +€2,660 | +536.9% |
| Suppliers | 440/4 | €495 | €3,155 | +€2,660 | +536.9% |
| Taxes, remuneration and social security | 45 | €6,682 | €5,916 | -€766 | -11.5% |
| Taxes | 450/3 | €6,682 | €5,916 | -€766 | -11.5% |
| Other amounts payable | 47/48 | €290,954 | €277,699 | -€13,254 | -4.6% |
| Accrued charges and deferred income | 492/3 | - | €887 | +€887 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,628 | €58,601 | +€2,973 | +5.3% |
| Other operating charges | 640/8 | €20,309 | €19,958 | -€350 | -1.7% |
| Gross operating margin | 9900 | €138,139 | €178,244 | +€40,104 | +29.0% |
| Operating profit (loss) | 9901 | €62,202 | €99,684 | +€37,482 | +60.3% |
| Financial income | 75/76B | €752 | €770 | +€17 | +2.3% |
| Recurring financial income | 75 | €752 | €770 | +€17 | +2.3% |
| Financial charges | 65/66B | €27,634 | €26,360 | -€1,273 | -4.6% |
| Recurring financial charges | 65 | €27,634 | €26,360 | -€1,273 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €35,321 | €74,093 | +€38,772 | +109.8% |
| Income taxes | 67/77 | €11,847 | €24,261 | +€12,414 | +104.8% |
| Profit (loss) for the period | 9904 | €23,474 | €49,833 | +€26,359 | +112.3% |
| Profit (loss) for the period to be appropriated | 9905 | €23,474 | €49,833 | +€26,359 | +112.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.