JOGRO: what changed
Two financial 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.
JOGRO
Largest movements
- Cash +€69,565
up €69,565 (+70.7%), from €98,384 to €167,949
mainly Depreciation (+€76,069) and Receivables within one year (+€21,414)
- Tangible fixed assets -€51,344
down €51,344 (-18.5%), from €278,011 to €226,667
of which Plant, machinery and equipment: -€41,464
- Receivables within one year -€21,414
down €21,414 (-43.9%), from €48,806 to €27,392
of which Trade receivables: -€26,829
- Deferred charges and accrued income -€13,252
down €13,252 (-63.6%), from €20,831 to €7,579
- Current portion of long-term debt -€9,725
down €9,725 (-100%), from €9,725 to €0
- Gross operating margin -€15,855
down €15,855 (-17.6%), from €89,868 to €74,013
- Depreciation -€10,872
down €10,872 (-12.5%), from €86,942 to €76,069
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.
Derived cash bridge
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 | €446,167 | €429,721 | -€16,446 | -3.7% |
| Fixed assets | 21/28 | €278,146 | €226,802 | -€51,344 | -18.5% |
| Tangible fixed assets | 22/27 | €278,011 | €226,667 | -€51,344 | -18.5% |
| Land and buildings | 22 | €21,177 | €18,505 | -€2,672 | -12.6% |
| Plant, machinery and equipment | 23 | €172,657 | €131,192 | -€41,464 | -24.0% |
| Furniture and vehicles | 24 | €84,178 | €76,970 | -€7,208 | -8.6% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €168,020 | €202,919 | +€34,898 | +20.8% |
| Amounts receivable within one year | 40/41 | €48,806 | €27,392 | -€21,414 | -43.9% |
| Trade receivables | 40 | €45,935 | €19,106 | -€26,829 | -58.4% |
| Other amounts receivable | 41 | €2,871 | €8,286 | +€5,415 | +189% |
| Cash at bank and in hand | 54/58 | €98,384 | €167,949 | +€69,565 | +70.7% |
| Deferred charges and accrued income | 490/1 | €20,831 | €7,579 | -€13,252 | -63.6% |
| Total equity and liabilities | 10/49 | €446,167 | €429,721 | -€16,446 | -3.7% |
| Equity | 10/15 | €151,870 | €146,296 | -€5,575 | -3.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €132,677 | €130,817 | -€1,860 | -1.4% |
| Distributable reserves | 133 | €132,677 | €130,817 | -€1,860 | -1.4% |
| Profit (loss) carried forward | 14 | €593 | -€3,121 | -€3,715 | |
| Amounts payable | 17/49 | €294,296 | €283,425 | -€10,871 | -3.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €294,096 | €283,425 | -€10,671 | -3.6% |
| Current portion of amounts payable after more than one year | 42 | €9,725 | €0 | -€9,725 | -100% |
| Trade debts | 44 | €3,488 | €3,067 | -€420 | -12.0% |
| Suppliers | 440/4 | €3,488 | €3,067 | -€420 | -12.0% |
| Taxes, remuneration and social security | 45 | €195 | €75 | -€121 | -61.8% |
| Taxes | 450/3 | €195 | €75 | -€121 | -61.8% |
| Other amounts payable | 47/48 | €280,688 | €280,283 | -€405 | -0.1% |
| Accrued charges and deferred income | 492/3 | €200 | €0 | -€200 | -100% |
| Remuneration, social security and pensions | 62 | - | €655 | +€655 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,942 | €76,069 | -€10,872 | -12.5% |
| Other operating charges | 640/8 | €2,163 | €2,349 | +€185 | +8.6% |
| Gross operating margin | 9900 | €89,868 | €74,013 | -€15,855 | -17.6% |
| Operating profit (loss) | 9901 | €763 | -€5,060 | -€5,823 | |
| Financial income | 75/76B | €109 | €0 | -€109 | -100% |
| Recurring financial income | 75 | €109 | €0 | -€109 | -100% |
| Financial charges | 65/66B | €552 | €350 | -€202 | -36.6% |
| Recurring financial charges | 65 | €552 | €350 | -€202 | -36.6% |
| Profit (loss) for the period before taxes | 9903 | €320 | -€5,410 | -€5,730 | |
| Income taxes | 67/77 | €172 | €165 | -€7 | -4.3% |
| Profit (loss) for the period | 9904 | €148 | -€5,575 | -€5,723 | |
| Profit (loss) for the period to be appropriated | 9905 | €148 | -€5,575 | -€5,723 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.