JOGILO: 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.
What changed
JOGILO
NACE 14.210, Manufacture of outerwear
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€421,748
2023 · -€574,203+€152,455
Equity
-€1.4m
2023 · -€1.0m-€421,748
Cash
€46,225
2023 · €9,200+€37,024
Balance sheet total
€9.6m
2023 · €7.2m+€2.4m
Largest movements
Assets
- Receivables within one year +€3.2m
up €3.2m (+87.5%), from €3.6m to €6.8m
of which Trade receivables: +€3.1m
- Stocks and contracts -€851,247
down €851,247 (-92.5%), from €920,035 to €68,788
- Deferred charges and accrued income +€118,748
up €118,748 (+167.0%), from €71,102 to €189,850
- Tangible fixed assets -€107,982
down €107,982 (-23.9%), from €452,114 to €344,132
Equity and liabilities
- Short-term financial debts +€2.0m
up €2.0m (+42.5%), from €4.7m to €6.7m
- Other debts +€829,713
up €829,713 (+94.3%), from €879,847 to €1.7m
- Profit (loss) carried forward -€421,748
down €421,748 (-14.8%), from -€2.8m to -€3.3m
- Debts after one year -€188,177
down €188,177 (-10.6%), from €1.8m to €1.6m
- Tax, wage and social debts +€133,884
up €133,884 (+29.0%), from €461,745 to €595,629
of which Taxes: +€129,134
Income statement
- Goods and materials -€851,388
down €851,388 (-8.4%), from €10.1m to €9.2m
of which Change in stocks: decrease (increase): -€577,085
- Turnover -€802,650
down €802,650 (-7.1%), from €11.4m to €10.6m
- Services and other goods -€152,092
down €152,092 (-17.3%), from €877,162 to €725,070
From the 2023 result to the 2024 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.
Result 2023
-€574,203
Turnover
-€802,650
Other operating income
-€80,435
Goods and materials
+€851,388
Services and other goods
+€152,092
Staff costs
+€32,568
Depreciation
+€8,428
Write-downs
+€35,830
Other operating charges
-€432
Other operating items
-€34,215
Financial income
-€2,588
Financial charges
+€11,870
Taxes
-€19,401
Result 2024
-€421,748
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€1.8m
Investment
€0
Financing
+€1.8m
Cash 2023
€9,200
From operations (derived)
-€1.8m
Net result for the year
-€421,748
Depreciation
+€107,982
Stocks and contracts
+€851,247
Receivables within one year
-€3.2m
Deferred charges and accrued income
-€118,748
Trade debts
+€15,814
Tax, wage and social debts
+€133,884
Other debts
+€829,713
Accrued charges and deferred income
-€4,265
Financing
+€1.8m
Debts after one year
-€188,177
Current portion of long-term debt
+€5,555
Short-term financial debts
+€2.0m
Cash 2024
€46,225
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,215,982 | €9,571,757 | +€2.4m | +32.6% |
| Fixed assets | 21/28 | €2,604,965 | €2,496,983 | -€107,982 | -4.1% |
| Tangible fixed assets | 22/27 | €452,114 | €344,132 | -€107,982 | -23.9% |
| Land and buildings | 22 | €147,293 | €123,490 | -€23,803 | -16.2% |
| Plant, machinery and equipment | 23 | €36,346 | €22,546 | -€13,800 | -38.0% |
| Furniture and vehicles | 24 | €113,033 | €83,910 | -€29,123 | -25.8% |
| Leasing and similar rights | 25 | €16,316 | €4,201 | -€12,115 | -74.3% |
| Other tangible fixed assets | 26 | €139,126 | €109,985 | -€29,141 | -20.9% |
| Financial fixed assets | 28 | €2,152,851 | €2,152,851 | = | 0.0% |
| Affiliated companies | 280/1 | €2,105,601 | €2,105,601 | = | 0.0% |
| Participating interests | 280 | €2,105,601 | €2,105,601 | = | 0.0% |
| Other financial fixed assets | 284/8 | €47,250 | €47,250 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €47,250 | €47,250 | = | 0.0% |
| Current assets | 29/58 | €4,611,017 | €7,074,774 | +€2.5m | +53.4% |
| Stocks and contracts in progress | 3 | €920,035 | €68,788 | -€851,247 | -92.5% |
| Stocks | 30/36 | €920,035 | €68,788 | -€851,247 | -92.5% |
| Goods purchased for resale | 34 | €920,035 | €68,788 | -€851,247 | -92.5% |
| Amounts receivable within one year | 40/41 | €3,610,679 | €6,769,912 | +€3.2m | +87.5% |
| Trade receivables | 40 | €2,975,175 | €6,117,574 | +€3.1m | +105.6% |
| Other amounts receivable | 41 | €635,505 | €652,338 | +€16,833 | +2.6% |
| Cash at bank and in hand | 54/58 | €9,200 | €46,225 | +€37,024 | +402.4% |
| Deferred charges and accrued income | 490/1 | €71,102 | €189,850 | +€118,748 | +167.0% |
| Total equity and liabilities | 10/49 | €7,215,982 | €9,571,757 | +€2.4m | +32.6% |
| Equity | 10/15 | -€1,009,293 | -€1,431,041 | -€421,748 | -41.8% |
| Contributions | 10/11 | €1,683,092 | €1,683,092 | = | 0.0% |
| Capital | 10 | €1,683,092 | €1,683,092 | = | 0.0% |
| Issued capital | 100 | €1,683,092 | €1,683,092 | = | 0.0% |
| Reserves | 13 | €151,379 | €151,379 | = | 0.0% |
| Non-distributable reserves | 130/1 | €151,379 | €151,379 | = | 0.0% |
| Legal reserve | 130 | €151,379 | €151,379 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,843,764 | -€3,265,512 | -€421,748 | -14.8% |
| Amounts payable | 17/49 | €8,225,275 | €11,002,798 | +€2.8m | +33.8% |
| Amounts payable after more than one year | 17 | €1,770,124 | €1,581,947 | -€188,177 | -10.6% |
| Financial debts | 170/4 | €1,770,124 | €1,581,947 | -€188,177 | -10.6% |
| Subordinated loans | 170 | €1,049,059 | €1,049,059 | = | 0.0% |
| Leasing and similar obligations | 172 | €13,253 | €0 | -€13,253 | -100.0% |
| Credit institutions | 173 | €707,813 | €532,889 | -€174,924 | -24.7% |
| Amounts payable within one year | 42/48 | €6,443,638 | €9,413,604 | +€3.0m | +46.1% |
| Current portion of amounts payable after more than one year | 42 | €196,192 | €201,746 | +€5,555 | +2.8% |
| Financial debts | 43 | €4,670,000 | €6,655,000 | +€2.0m | +42.5% |
| Credit institutions | 430/8 | €4,670,000 | €6,655,000 | +€2.0m | +42.5% |
| Trade debts | 44 | €235,854 | €251,668 | +€15,814 | +6.7% |
| Suppliers | 440/4 | €235,854 | €251,668 | +€15,814 | +6.7% |
| Taxes, remuneration and social security | 45 | €461,745 | €595,629 | +€133,884 | +29.0% |
| Taxes | 450/3 | €405,152 | €534,286 | +€129,134 | +31.9% |
| Remuneration and social security | 454/9 | €56,593 | €61,343 | +€4,750 | +8.4% |
| Other amounts payable | 47/48 | €879,847 | €1,709,560 | +€829,713 | +94.3% |
| Accrued charges and deferred income | 492/3 | €11,512 | €7,247 | -€4,265 | -37.1% |
| Operating income | 70/76A | €11,499,376 | €10,582,076 | -€917,300 | -8.0% |
| Turnover | 70 | €11,357,094 | €10,554,444 | -€802,650 | -7.1% |
| Other operating income | 74 | €105,566 | €25,132 | -€80,435 | -76.2% |
| Non-recurring operating income | 76A | €36,715 | €2,500 | -€34,215 | -93.2% |
| Operating charges | 60/66A | €11,611,006 | €10,531,132 | -€1.1m | -9.3% |
| Goods for resale, raw materials and consumables | 60 | €10,099,227 | €9,247,840 | -€851,388 | -8.4% |
| Purchases | 600/8 | €8,602,805 | €8,328,502 | -€274,303 | -3.2% |
| Change in stocks: decrease (increase) | 609 | €1,496,422 | €919,338 | -€577,085 | -38.6% |
| Services and other goods | 61 | €877,162 | €725,070 | -€152,092 | -17.3% |
| Remuneration, social security and pensions | 62 | €541,547 | €508,978 | -€32,568 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116,410 | €107,982 | -€8,428 | -7.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€32,260 | -€68,090 | -€35,830 | -111.1% |
| Other operating charges | 640/8 | €8,920 | €9,353 | +€432 | +4.8% |
| Operating profit (loss) | 9901 | -€111,631 | €50,943 | +€162,574 | |
| Financial income | 75/76B | €21,586 | €18,997 | -€2,588 | -12.0% |
| Recurring financial income | 75 | €21,586 | €18,997 | -€2,588 | -12.0% |
| Income from current assets | 751 | €19,655 | €18,930 | -€725 | -3.7% |
| Other financial income | 752/9 | €1,930 | €67 | -€1,864 | -96.5% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €482,864 | €470,994 | -€11,870 | -2.5% |
| Recurring financial charges | 65 | €482,864 | €470,994 | -€11,870 | -2.5% |
| Debt charges | 650 | €447,832 | €442,966 | -€4,866 | -1.1% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €0 | - | = | |
| Other financial charges | 652/9 | €35,031 | €28,028 | -€7,003 | -20.0% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€572,909 | -€401,053 | +€171,856 | +30.0% |
| Income taxes | 67/77 | €1,294 | €20,695 | +€19,401 | +1499.2% |
| Taxes | 670/3 | €1,294 | €20,695 | +€19,401 | +1499.2% |
| Profit (loss) for the period | 9904 | -€574,203 | -€421,748 | +€152,455 | +26.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€574,203 | -€421,748 | +€152,455 | +26.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.