JOG: 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.
JOG
Largest movements
- Current investments +€58,699
up €58,699 (+60.5%), from €97,093 to €155,792
- Cash +€22,852
up €22,852 (+24.8%), from €92,150 to €115,002
mainly Net result for the year (+€66,401) and Receivables within one year (+€16,178)
- Receivables within one year -€16,178
down €16,178 (-86.8%), from €18,634 to €2,456
of which Trade receivables: -€18,634
- Tangible fixed assets +€3,745
up €3,745 (+16.1%), from €23,241 to €26,985
of which Furniture and vehicles: +€3,664
- Reserves +€66,401
up €66,401 (+29.1%), from €228,022 to €294,424
- Trade debts +€8,250
up €8,250 (+130.9%), from €6,301 to €14,551
- Tax, wage and social debts -€3,706
down €3,706 (-26.2%), from €14,157 to €10,451
- Gross operating margin +€24,799
up €24,799 (+29.3%), from €84,577 to €109,376
- Taxes +€12,131
up €12,131 (+49.6%), from €24,443 to €36,574
- Financial income -€3,720
down €3,720 (-74.5%), from €4,993 to €1,273
- Depreciation +€1,391
up €1,391 (+54.8%), from €2,541 to €3,932
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 | €291,894 | €362,564 | +€70,671 | +24.2% |
| Fixed assets | 21/28 | €23,241 | €26,985 | +€3,745 | +16.1% |
| Tangible fixed assets | 22/27 | €23,241 | €26,985 | +€3,745 | +16.1% |
| Plant, machinery and equipment | 23 | €4,642 | €3,833 | -€810 | -17.4% |
| Furniture and vehicles | 24 | €8,383 | €12,047 | +€3,664 | +43.7% |
| Other tangible fixed assets | 26 | €10,215 | €11,105 | +€890 | +8.7% |
| Current assets | 29/58 | €268,653 | €335,579 | +€66,926 | +24.9% |
| Amounts receivable after more than one year | 29 | €59,300 | €59,300 | = | 0.0% |
| Other amounts receivable | 291 | €59,300 | €59,300 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €18,634 | €2,456 | -€16,178 | -86.8% |
| Trade receivables | 40 | €18,634 | - | -€18,634 | |
| Other amounts receivable | 41 | - | €2,456 | +€2,456 | |
| Current investments | 50/53 | €97,093 | €155,792 | +€58,699 | +60.5% |
| Cash at bank and in hand | 54/58 | €92,150 | €115,002 | +€22,852 | +24.8% |
| Deferred charges and accrued income | 490/1 | €1,476 | €3,029 | +€1,553 | +105.2% |
| Total equity and liabilities | 10/49 | €291,894 | €362,564 | +€70,671 | +24.2% |
| Equity | 10/15 | €269,661 | €336,062 | +€66,401 | +24.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €228,022 | €294,424 | +€66,401 | +29.1% |
| Distributable reserves | 133 | €228,022 | €294,424 | +€66,401 | +29.1% |
| Profit (loss) carried forward | 14 | €21,638 | €21,638 | = | 0.0% |
| Amounts payable | 17/49 | €22,233 | €26,502 | +€4,269 | +19.2% |
| Amounts payable within one year | 42/48 | €20,733 | €25,002 | +€4,269 | +20.6% |
| Trade debts | 44 | €6,301 | €14,551 | +€8,250 | +130.9% |
| Suppliers | 440/4 | €6,301 | €14,551 | +€8,250 | +130.9% |
| Taxes, remuneration and social security | 45 | €14,157 | €10,451 | -€3,706 | -26.2% |
| Taxes | 450/3 | €14,157 | €10,451 | -€3,706 | -26.2% |
| Other amounts payable | 47/48 | €275 | - | -€275 | |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,541 | €3,932 | +€1,391 | +54.8% |
| Other operating charges | 640/8 | €1,060 | €930 | -€130 | -12.3% |
| Gross operating margin | 9900 | €84,577 | €109,376 | +€24,799 | +29.3% |
| Operating profit (loss) | 9901 | €80,976 | €104,514 | +€23,538 | +29.1% |
| Financial income | 75/76B | €4,993 | €1,273 | -€3,720 | -74.5% |
| Recurring financial income | 75 | €4,993 | €1,273 | -€3,720 | -74.5% |
| Financial charges | 65/66B | €2,267 | €2,812 | +€545 | +24.0% |
| Recurring financial charges | 65 | €2,267 | €2,812 | +€545 | +24.0% |
| Profit (loss) for the period before taxes | 9903 | €83,702 | €102,975 | +€19,273 | +23.0% |
| Income taxes | 67/77 | €24,443 | €36,574 | +€12,131 | +49.6% |
| Profit (loss) for the period | 9904 | €59,259 | €66,401 | +€7,142 | +12.1% |
| Profit (loss) for the period to be appropriated | 9905 | €59,259 | €66,401 | +€7,142 | +12.1% |
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 4 October 2026 via checked.be.