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
- Deferred charges and accrued income +€117,336
up €117,336 (+207.7%), from €56,483 to €173,819
- Financial fixed assets -€35,000
down €35,000 (-2.8%), from €1.3m to €1.2m
- Reserves +€67,012
up €67,012 (+14.4%), from €463,998 to €531,010
- Other debts -€60,516
down €60,516 (-25.7%), from €235,514 to €174,998
- Tax, wage and social debts +€41,786
up €41,786 (+70.2%), from €59,557 to €101,342
of which Taxes: +€39,764
- Debts after one year +€20,668
up €20,668 (+3.8%), from €543,882 to €564,549
- Gross operating margin -€133,460
down €133,460 (-65.7%), from €203,107 to €69,647
- Financial income +€75,154
up €75,154 (+192.3%), from €39,074 to €114,228
- Staff costs +€14,179
up €14,179 (+429.6%), from €3,300 to €17,479
- Taxes -€9,584
down €9,584 (-19.3%), from €49,721 to €40,138
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 | €1,829,309 | €1,905,908 | +€76,599 | +4.2% |
| Fixed assets | 21/28 | €1,518,747 | €1,473,293 | -€45,454 | -3.0% |
| Tangible fixed assets | 22/27 | €268,462 | €258,008 | -€10,454 | -3.9% |
| Land and buildings | 22 | €247,579 | €241,897 | -€5,682 | -2.3% |
| Furniture and vehicles | 24 | €15,028 | €10,257 | -€4,771 | -31.7% |
| Other tangible fixed assets | 26 | €5,855 | €5,855 | = | 0.0% |
| Financial fixed assets | 28 | €1,250,285 | €1,215,285 | -€35,000 | -2.8% |
| Current assets | 29/58 | €310,562 | €432,614 | +€122,052 | +39.3% |
| Amounts receivable within one year | 40/41 | €229,032 | €235,791 | +€6,759 | +3.0% |
| Trade receivables | 40 | €229,032 | €235,791 | +€6,759 | +3.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €25,047 | €23,004 | -€2,043 | -8.2% |
| Deferred charges and accrued income | 490/1 | €56,483 | €173,819 | +€117,336 | +207.7% |
| Total equity and liabilities | 10/49 | €1,829,309 | €1,905,908 | +€76,599 | +4.2% |
| Equity | 10/15 | €717,598 | €784,610 | +€67,012 | +9.3% |
| Contributions | 10/11 | €253,600 | €253,600 | = | 0.0% |
| Reserves | 13 | €463,998 | €531,010 | +€67,012 | +14.4% |
| Distributable reserves | 133 | €463,998 | €531,010 | +€67,012 | +14.4% |
| Amounts payable | 17/49 | €1,111,711 | €1,121,298 | +€9,587 | +0.9% |
| Amounts payable after more than one year | 17 | €543,882 | €564,549 | +€20,668 | +3.8% |
| Financial debts | 170/4 | €543,882 | €564,549 | +€20,668 | +3.8% |
| Amounts payable within one year | 42/48 | €547,810 | €541,233 | -€6,577 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | €250,000 | €262,552 | +€12,552 | +5.0% |
| Trade debts | 44 | €2,739 | €2,341 | -€399 | -14.6% |
| Suppliers | 440/4 | €2,739 | €2,341 | -€399 | -14.6% |
| Taxes, remuneration and social security | 45 | €59,557 | €101,342 | +€41,786 | +70.2% |
| Taxes | 450/3 | €59,169 | €98,933 | +€39,764 | +67.2% |
| Remuneration and social security | 454/9 | €388 | €2,409 | +€2,022 | +521.5% |
| Other amounts payable | 47/48 | €235,514 | €174,998 | -€60,516 | -25.7% |
| Accrued charges and deferred income | 492/3 | €20,020 | €15,516 | -€4,504 | -22.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €3,300 | €17,479 | +€14,179 | +429.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,858 | €10,454 | -€404 | -3.7% |
| Other operating charges | 640/8 | €4,026 | €2,134 | -€1,892 | -47.0% |
| Gross operating margin | 9900 | €203,107 | €69,647 | -€133,460 | -65.7% |
| Operating profit (loss) | 9901 | €184,923 | €39,580 | -€145,343 | -78.6% |
| Financial income | 75/76B | €39,074 | €114,228 | +€75,154 | +192.3% |
| Recurring financial income | 75 | €39,074 | €114,228 | +€75,154 | +192.3% |
| Financial charges | 65/66B | €46,995 | €46,658 | -€337 | -0.7% |
| Recurring financial charges | 65 | €46,995 | €46,658 | -€337 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | €177,001 | €107,149 | -€69,851 | -39.5% |
| Income taxes | 67/77 | €49,721 | €40,138 | -€9,584 | -19.3% |
| Profit (loss) for the period | 9904 | €127,279 | €67,012 | -€60,268 | -47.4% |
| Profit (loss) for the period to be appropriated | 9905 | €127,279 | €67,012 | -€60,268 | -47.4% |
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 2 October 2026 via checked.be.