JOGO LOGISTICS: 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.
JOGO LOGISTICS
Largest movements
- Tangible fixed assets -€38,209
down €38,209 (-40.9%), from €93,410 to €55,201
of which Plant, machinery and equipment: -€84,037
- Receivables within one year -€24,056
down €24,056 (-19.7%), from €121,950 to €97,893
- Deferred charges and accrued income +€5,500
up €5,500, from €0 to €5,500
- Financial fixed assets -€5,165
down €5,165 (-30.7%), from €16,808 to €11,644
- Cash -€4,093
down €4,093 (-99.9%), from €4,099 to €6
mainly Current portion of long-term debt (-€274,132) and Trade debts (-€46,311)
- Current portion of long-term debt -€274,132
no longer reported in 2025 (was €274,132)
- Short-term financial debts +€273,115
new in 2025: €273,115
- Trade debts -€46,311
down €46,311 (-24.1%), from €192,455 to €146,144
- Other debts +€43,772
up €43,772 (+162.1%), from €27,006 to €70,778
- Profit (loss) carried forward -€41,267
down €41,267 (-6.3%), from -€650,188 to -€691,455
- Financial income -€190,528
down €190,528 (-99.9%), from €190,636 to €108
of which Non-recurring financial income: -€190,552
- Gross operating margin +€76,405
up €76,405, from -€32,253 to €44,152
- Depreciation -€36,773
down €36,773 (-48.0%), from €76,649 to €39,875
- Financial charges +€30,190
up €30,190 (+209.2%), from €14,430 to €44,621
- Staff costs -€27,204
no longer reported in 2025 (was €27,204)
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 | €245,175 | €177,485 | -€67,690 | -27.6% |
| Fixed assets | 21/28 | €119,126 | €74,086 | -€45,040 | -37.8% |
| Intangible fixed assets | 21 | €8,907 | €7,242 | -€1,666 | -18.7% |
| Tangible fixed assets | 22/27 | €93,410 | €55,201 | -€38,209 | -40.9% |
| Land and buildings | 22 | - | €50,023 | +€50,023 | |
| Plant, machinery and equipment | 23 | €84,037 | - | -€84,037 | |
| Furniture and vehicles | 24 | €9,374 | €5,178 | -€4,196 | -44.8% |
| Financial fixed assets | 28 | €16,808 | €11,644 | -€5,165 | -30.7% |
| Current assets | 29/58 | €126,049 | €103,399 | -€22,650 | -18.0% |
| Amounts receivable within one year | 40/41 | €121,950 | €97,893 | -€24,056 | -19.7% |
| Trade receivables | 40 | €121,950 | €97,893 | -€24,056 | -19.7% |
| Cash at bank and in hand | 54/58 | €4,099 | €6 | -€4,093 | -99.9% |
| Deferred charges and accrued income | 490/1 | €0 | €5,500 | +€5,500 | |
| Total equity and liabilities | 10/49 | €245,175 | €177,485 | -€67,690 | -27.6% |
| Equity | 10/15 | -€337,093 | -€378,359 | -€41,267 | -12.2% |
| Contributions | 10/11 | €288,600 | €288,600 | = | 0.0% |
| Reserves | 13 | €24,496 | €24,496 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €22,636 | €22,636 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€650,188 | -€691,455 | -€41,267 | -6.3% |
| Investment grants | 15 | €0 | - | = | |
| Amounts payable | 17/49 | €582,267 | €555,844 | -€26,423 | -4.5% |
| Amounts payable within one year | 42/48 | €582,267 | €555,844 | -€26,423 | -4.5% |
| Current portion of amounts payable after more than one year | 42 | €274,132 | - | -€274,132 | |
| Financial debts | 43 | - | €273,115 | +€273,115 | |
| Credit institutions | 430/8 | - | €273,115 | +€273,115 | |
| Trade debts | 44 | €192,455 | €146,144 | -€46,311 | -24.1% |
| Suppliers | 440/4 | €192,455 | €146,144 | -€46,311 | -24.1% |
| Taxes, remuneration and social security | 45 | €88,674 | €65,806 | -€22,868 | -25.8% |
| Taxes | 450/3 | €79,449 | €60,166 | -€19,283 | -24.3% |
| Remuneration and social security | 454/9 | €9,225 | €5,641 | -€3,585 | -38.9% |
| Other amounts payable | 47/48 | €27,006 | €70,778 | +€43,772 | +162.1% |
| Non-recurring operating income | 76A | €9,529 | - | -€9,529 | |
| Remuneration, social security and pensions | 62 | €27,204 | - | -€27,204 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,649 | €39,875 | -€36,773 | -48.0% |
| Other operating charges | 640/8 | €9,387 | €1,031 | -€8,356 | -89.0% |
| Gross operating margin | 9900 | -€32,253 | €44,152 | +€76,405 | |
| Operating profit (loss) | 9901 | -€145,493 | €3,246 | +€148,738 | |
| Financial income | 75/76B | €190,636 | €108 | -€190,528 | -99.9% |
| Recurring financial income | 75 | €85 | €108 | +€24 | +28.2% |
| Non-recurring financial income | 76B | €190,552 | - | -€190,552 | |
| Financial charges | 65/66B | €14,430 | €44,621 | +€30,190 | +209.2% |
| Recurring financial charges | 65 | €14,430 | €44,621 | +€30,190 | +209.2% |
| Profit (loss) for the period before taxes | 9903 | €30,713 | -€41,267 | -€71,980 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €30,713 | -€41,267 | -€71,980 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,713 | -€41,267 | -€71,980 |
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 8 October 2026 via checked.be.