JOGG: 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.
JOGG
Largest movements
- Tangible fixed assets +€30,854
up €30,854 (+7.9%), from €391,850 to €422,704
of which Land and buildings: +€48,622
- Current investments +€15,638
up €15,638 (+113.6%), from €13,769 to €29,407
- Receivables within one year -€14,523
down €14,523 (-35.8%), from €40,570 to €26,047
of which Trade receivables: -€35,000
- Cash +€8,031
up €8,031 (+32.8%), from €24,520 to €32,552
mainly Other debts (+€112,502) and Net result for the year (+€83,889)
- Other debts +€112,502
new in 2025: €112,502
- Reserves -€76,111
down €76,111 (-39.3%), from €193,487 to €117,376
- Short-term financial debts -€17,500
no longer reported in 2025 (was €17,500)
- Debts after one year +€10,087
up €10,087 (+4.6%), from €217,244 to €227,331
- Current portion of long-term debt +€9,029
up €9,029 (+36.9%), from €24,482 to €33,511
- Gross operating margin -€125,546
down €125,546 (-46.1%), from €272,303 to €146,756
- Financial income -€68,521
down €68,521 (-97.9%), from €69,976 to €1,456
of which Non-recurring financial income: -€39,500
- Taxes -€39,399
down €39,399 (-61.8%), from €63,741 to €24,341
- Depreciation +€5,033
up €5,033 (+19.2%), from €26,176 to €31,209
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 | €472,874 | €512,810 | +€39,936 | +8.4% |
| Fixed assets | 21/28 | €393,950 | €424,804 | +€30,854 | +7.8% |
| Tangible fixed assets | 22/27 | €391,850 | €422,704 | +€30,854 | +7.9% |
| Land and buildings | 22 | €306,086 | €354,708 | +€48,622 | +15.9% |
| Plant, machinery and equipment | 23 | €4,008 | €4,641 | +€633 | +15.8% |
| Furniture and vehicles | 24 | €62,754 | €47,656 | -€15,099 | -24.1% |
| Other tangible fixed assets | 26 | €19,002 | €15,699 | -€3,303 | -17.4% |
| Financial fixed assets | 28 | €2,100 | €2,100 | = | 0.0% |
| Current assets | 29/58 | €78,923 | €88,005 | +€9,082 | +11.5% |
| Amounts receivable within one year | 40/41 | €40,570 | €26,047 | -€14,523 | -35.8% |
| Trade receivables | 40 | €40,000 | €5,000 | -€35,000 | -87.5% |
| Other amounts receivable | 41 | €570 | €21,047 | +€20,477 | +3590.5% |
| Current investments | 50/53 | €13,769 | €29,407 | +€15,638 | +113.6% |
| Cash at bank and in hand | 54/58 | €24,520 | €32,552 | +€8,031 | +32.8% |
| Deferred charges and accrued income | 490/1 | €64 | - | -€64 | |
| Total equity and liabilities | 10/49 | €472,874 | €512,810 | +€39,936 | +8.4% |
| Equity | 10/15 | €195,987 | €119,876 | -€76,111 | -38.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €193,487 | €117,376 | -€76,111 | -39.3% |
| Distributable reserves | 133 | €193,487 | €117,376 | -€76,111 | -39.3% |
| Amounts payable | 17/49 | €276,887 | €392,934 | +€116,047 | +41.9% |
| Amounts payable after more than one year | 17 | €217,244 | €227,331 | +€10,087 | +4.6% |
| Financial debts | 170/4 | €217,244 | €227,331 | +€10,087 | +4.6% |
| Amounts payable within one year | 42/48 | €57,236 | €162,763 | +€105,527 | +184.4% |
| Current portion of amounts payable after more than one year | 42 | €24,482 | €33,511 | +€9,029 | +36.9% |
| Financial debts | 43 | €17,500 | - | -€17,500 | |
| Credit institutions | 430/8 | €17,500 | - | -€17,500 | |
| Trade debts | 44 | €2,577 | €4,750 | +€2,173 | +84.3% |
| Suppliers | 440/4 | €2,577 | €4,750 | +€2,173 | +84.3% |
| Taxes, remuneration and social security | 45 | €12,677 | €12,000 | -€677 | -5.3% |
| Taxes | 450/3 | €11,140 | €12,000 | +€860 | +7.7% |
| Remuneration and social security | 454/9 | €1,537 | - | -€1,537 | |
| Other amounts payable | 47/48 | - | €112,502 | +€112,502 | |
| Accrued charges and deferred income | 492/3 | €2,407 | €2,840 | +€433 | +18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,176 | €31,209 | +€5,033 | +19.2% |
| Other operating charges | 640/8 | €3,083 | €3,081 | -€2 | -0.1% |
| Gross operating margin | 9900 | €272,303 | €146,756 | -€125,546 | -46.1% |
| Operating profit (loss) | 9901 | €243,044 | €112,466 | -€130,578 | -53.7% |
| Financial income | 75/76B | €69,976 | €1,456 | -€68,521 | -97.9% |
| Recurring financial income | 75 | €30,476 | €1,456 | -€29,021 | -95.2% |
| Non-recurring financial income | 76B | €39,500 | - | -€39,500 | |
| Financial charges | 65/66B | €7,022 | €5,692 | -€1,331 | -18.9% |
| Recurring financial charges | 65 | €7,022 | €5,692 | -€1,331 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | €305,998 | €108,230 | -€197,768 | -64.6% |
| Income taxes | 67/77 | €63,741 | €24,341 | -€39,399 | -61.8% |
| Profit (loss) for the period | 9904 | €242,257 | €83,889 | -€158,369 | -65.4% |
| Profit (loss) for the period to be appropriated | 9905 | €242,257 | €83,889 | -€158,369 | -65.4% |
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 6 October 2026 via checked.be.