JOJAK: 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.
JOJAK
Largest movements
- Tangible fixed assets +€651,874
up €651,874 (+19.6%), from €3.3m to €4.0m
of which Land and buildings: +€609,153
- Stocks and contracts -€638,969
down €638,969 (-49.6%), from €1.3m to €648,414
- Cash -€526,762
down €526,762 (-58.9%), from €894,230 to €367,468
mainly Investment in fixed assets (net) (-€872,556) and Current investments (-€474,845)
- Current investments +€474,845
up €474,845 (+119%), from €400,000 to €874,845
- Reserves +€324,974
up €324,974 (+10.9%), from €3.0m to €3.3m
of which Tax-exempt reserves: +€335,631
- Debts after one year -€170,000
down €170,000 (-26.0%), from €653,334 to €483,333
- Provisions +€111,877
up €111,877 (+63.2%), from €177,036 to €288,913
- Tax, wage and social debts -€90,165
down €90,165 (-92.1%), from €97,885 to €7,720
- Current portion of long-term debt -€70,000
down €70,000 (-41.2%), from €170,000 to €100,000
- Gross operating margin -€104,628
down €104,628 (-12.0%), from €873,208 to €768,580
- Depreciation +€56,967
up €56,967 (+34.8%), from €163,716 to €220,682
- Taxes -€23,085
down €23,085 (-88.1%), from €26,196 to €3,112
- Other operating charges +€21,367
up €21,367 (+1,034%), from €2,067 to €23,434
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 | €5,989,557 | €5,930,274 | -€59,284 | -1.0% |
| Fixed assets | 21/28 | €3,329,860 | €3,981,734 | +€651,874 | +19.6% |
| Tangible fixed assets | 22/27 | €3,329,860 | €3,981,734 | +€651,874 | +19.6% |
| Land and buildings | 22 | €3,307,655 | €3,916,808 | +€609,153 | +18.4% |
| Plant, machinery and equipment | 23 | €3,123 | €2,243 | -€880 | -28.2% |
| Furniture and vehicles | 24 | €19,082 | €14,582 | -€4,500 | -23.6% |
| Assets under construction and advance payments | 27 | - | €48,101 | +€48,101 | |
| Current assets | 29/58 | €2,659,698 | €1,948,540 | -€711,158 | -26.7% |
| Stocks and contracts in progress | 3 | €1,287,383 | €648,414 | -€638,969 | -49.6% |
| Stocks | 30/36 | €1,287,383 | €648,414 | -€638,969 | -49.6% |
| Amounts receivable within one year | 40/41 | €78,085 | €55,607 | -€22,477 | -28.8% |
| Trade receivables | 40 | €78,085 | €38,603 | -€39,482 | -50.6% |
| Other amounts receivable | 41 | - | €17,005 | +€17,005 | |
| Current investments | 50/53 | €400,000 | €874,845 | +€474,845 | +119% |
| Cash at bank and in hand | 54/58 | €894,230 | €367,468 | -€526,762 | -58.9% |
| Deferred charges and accrued income | 490/1 | - | €2,205 | +€2,205 | |
| Total equity and liabilities | 10/49 | €5,989,557 | €5,930,274 | -€59,284 | -1.0% |
| Equity | 10/15 | €3,230,383 | €3,555,357 | +€324,974 | +10.1% |
| Contributions | 10/11 | €138,000 | €138,000 | = | 0.0% |
| Capital | 10 | €138,000 | €138,000 | = | 0.0% |
| Issued capital | 100 | €138,000 | €138,000 | = | 0.0% |
| Revaluation surpluses | 12 | €112,383 | €112,383 | = | 0.0% |
| Reserves | 13 | €2,980,000 | €3,304,973 | +€324,974 | +10.9% |
| Non-distributable reserves | 130/1 | €13,800 | €13,800 | = | 0.0% |
| Legal reserve | 130 | €13,800 | €13,800 | = | 0.0% |
| Tax-exempt reserves | 132 | €531,108 | €866,738 | +€335,631 | +63.2% |
| Distributable reserves | 133 | €2,435,092 | €2,424,435 | -€10,657 | -0.4% |
| Provisions and deferred taxes | 16 | €177,036 | €288,913 | +€111,877 | +63.2% |
| Deferred taxes | 168 | €177,036 | €288,913 | +€111,877 | +63.2% |
| Amounts payable | 17/49 | €2,582,139 | €2,086,004 | -€496,134 | -19.2% |
| Amounts payable after more than one year | 17 | €653,334 | €483,333 | -€170,000 | -26.0% |
| Financial debts | 170/4 | €653,334 | €483,333 | -€170,000 | -26.0% |
| Amounts payable within one year | 42/48 | €1,831,075 | €1,535,261 | -€295,814 | -16.2% |
| Current portion of amounts payable after more than one year | 42 | €170,000 | €100,000 | -€70,000 | -41.2% |
| Trade debts | 44 | €70,573 | €4,137 | -€66,436 | -94.1% |
| Suppliers | 440/4 | €70,573 | €4,137 | -€66,436 | -94.1% |
| Taxes, remuneration and social security | 45 | €97,885 | €7,720 | -€90,165 | -92.1% |
| Taxes | 450/3 | €97,885 | €7,720 | -€90,165 | -92.1% |
| Other amounts payable | 47/48 | €1,492,617 | €1,423,404 | -€69,213 | -4.6% |
| Accrued charges and deferred income | 492/3 | €97,730 | €67,410 | -€30,320 | -31.0% |
| Non-recurring operating income | 76A | €584,093 | €190,383 | -€393,710 | -67.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €163,716 | €220,682 | +€56,967 | +34.8% |
| Other operating charges | 640/8 | €2,067 | €23,434 | +€21,367 | +1,034% |
| Non-recurring operating charges | 66A | €629 | €5,733 | +€5,104 | +811% |
| Gross operating margin | 9900 | €873,208 | €768,580 | -€104,628 | -12.0% |
| Operating profit (loss) | 9901 | €706,796 | €518,731 | -€188,066 | -26.6% |
| Financial income | 75/76B | €17,012 | €21,706 | +€4,695 | +27.6% |
| Recurring financial income | 75 | €17,012 | €21,706 | +€4,695 | +27.6% |
| Financial charges | 65/66B | €105,303 | €100,474 | -€4,829 | -4.6% |
| Recurring financial charges | 65 | €105,303 | €100,474 | -€4,829 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €618,505 | €439,963 | -€178,542 | -28.9% |
| Transfer from deferred taxes | 780 | €11,527 | €10,689 | -€838 | -7.3% |
| Transfer to deferred taxes | 680 | €146,023 | €217,757 | +€71,734 | +49.1% |
| Income taxes | 67/77 | €26,196 | €3,112 | -€23,085 | -88.1% |
| Profit (loss) for the period | 9904 | €457,812 | €229,783 | -€228,030 | -49.8% |
| Transfer from tax-exempt reserves | 789 | €34,581 | €32,066 | -€2,515 | -7.3% |
| Transfer to tax-exempt reserves | 689 | €438,069 | €272,506 | -€165,564 | -37.8% |
| Profit (loss) for the period to be appropriated | 9905 | €54,324 | -€10,657 | -€64,981 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.