JOGADA: 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.
JOGADA
Largest movements
- Receivables within one year -€37,895
down €37,895 (-90.6%), from €41,815 to €3,920
of which Trade receivables: -€38,786
- Cash +€33,955
up €33,955 (+226.4%), from €14,998 to €48,953
mainly Receivables within one year (+€37,895) and Depreciation (+€37,891)
- Tangible fixed assets -€28,937
down €28,937 (-18.4%), from €157,428 to €128,491
of which Land and buildings: -€14,885
- Deferred charges and accrued income +€2,942
up €2,942 (+537.8%), from €547 to €3,489
- Other debts -€32,602
no longer reported in 2025 (was €32,602)
- Current portion of long-term debt -€2,909
no longer reported in 2025 (was €2,909)
- Profit (loss) carried forward +€2,895
up €2,895 (+12.4%), from €23,414 to €26,309
- Gross operating margin -€26,877
down €26,877 (-34.9%), from €76,946 to €50,068
- Depreciation +€1,325
up €1,325 (+3.6%), from €36,566 to €37,891
- Other operating charges -€1,059
down €1,059 (-27.3%), from €3,881 to €2,822
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 | €215,181 | €184,853 | -€30,328 | -14.1% |
| Fixed assets | 21/28 | €157,821 | €128,491 | -€29,330 | -18.6% |
| Tangible fixed assets | 22/27 | €157,428 | €128,491 | -€28,937 | -18.4% |
| Land and buildings | 22 | €116,865 | €101,980 | -€14,885 | -12.7% |
| Plant, machinery and equipment | 23 | €11,170 | €8,523 | -€2,647 | -23.7% |
| Furniture and vehicles | 24 | €14,710 | €10,102 | -€4,608 | -31.3% |
| Leasing and similar rights | 25 | €12,082 | €2,082 | -€10,000 | -82.8% |
| Other tangible fixed assets | 26 | €2,600 | €5,804 | +€3,204 | +123.2% |
| Financial fixed assets | 28 | €393 | - | -€393 | |
| Current assets | 29/58 | €57,360 | €56,362 | -€998 | -1.7% |
| Amounts receivable within one year | 40/41 | €41,815 | €3,920 | -€37,895 | -90.6% |
| Trade receivables | 40 | €39,425 | €639 | -€38,786 | -98.4% |
| Other amounts receivable | 41 | €2,391 | €3,281 | +€890 | +37.2% |
| Cash at bank and in hand | 54/58 | €14,998 | €48,953 | +€33,955 | +226.4% |
| Deferred charges and accrued income | 490/1 | €547 | €3,489 | +€2,942 | +537.8% |
| Total equity and liabilities | 10/49 | €215,181 | €184,853 | -€30,328 | -14.1% |
| Equity | 10/15 | €90,314 | €93,209 | +€2,895 | +3.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €60,700 | €60,700 | = | 0.0% |
| Non-distributable reserves | 130/1 | €700 | €700 | = | 0.0% |
| Reserves not available under the articles | 1311 | €700 | €700 | = | 0.0% |
| Distributable reserves | 133 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,414 | €26,309 | +€2,895 | +12.4% |
| Amounts payable | 17/49 | €124,868 | €91,644 | -€33,223 | -26.6% |
| Amounts payable after more than one year | 17 | €85,000 | €85,000 | = | 0.0% |
| Other amounts payable | 178/9 | €85,000 | €85,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €39,868 | €6,644 | -€33,223 | -83.3% |
| Current portion of amounts payable after more than one year | 42 | €2,909 | - | -€2,909 | |
| Trade debts | 44 | €4,063 | €4,389 | +€326 | +8.0% |
| Suppliers | 440/4 | €4,063 | €4,389 | +€326 | +8.0% |
| Taxes, remuneration and social security | 45 | €293 | €2,255 | +€1,962 | +668.6% |
| Taxes | 450/3 | - | €2,255 | +€2,255 | |
| Remuneration and social security | 454/9 | €293 | - | -€293 | |
| Other amounts payable | 47/48 | €32,602 | - | -€32,602 | |
| Remuneration, social security and pensions | 62 | €6,142 | €6,266 | +€124 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,566 | €37,891 | +€1,325 | +3.6% |
| Other operating charges | 640/8 | €3,881 | €2,822 | -€1,059 | -27.3% |
| Gross operating margin | 9900 | €76,946 | €50,068 | -€26,877 | -34.9% |
| Operating profit (loss) | 9901 | €30,356 | €3,090 | -€27,266 | -89.8% |
| Financial income | 75/76B | €17 | €14 | -€2 | -14.7% |
| Recurring financial income | 75 | €17 | €14 | -€2 | -14.7% |
| Financial charges | 65/66B | €507 | €209 | -€298 | -58.7% |
| Recurring financial charges | 65 | €507 | €209 | -€298 | -58.7% |
| Profit (loss) for the period before taxes | 9903 | €29,867 | €2,895 | -€26,971 | -90.3% |
| Profit (loss) for the period | 9904 | €29,867 | €2,895 | -€26,971 | -90.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,867 | €2,895 | -€26,971 | -90.3% |
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 7 October 2026 via checked.be.