JOJO SYSTEMS: what changed
What changed
JOJO SYSTEMS
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€110,518
2024 · €394,538-€284,021
Equity
€2.9m
2024 · €2.8m+€110,518
Cash
€222,397
2024 · €119,798+€102,599
Balance sheet total
€4.9m
2024 · €3.5m+€1.5m
Largest movements
Assets
- Receivables within one year +€869,053
up €869,053 (+33.8%), from €2.6m to €3.4m
of which Other amounts receivable: +€902,006
- Financial fixed assets +€500,000
new in 2025: €500,000
- Current investments -€150,000
no longer reported in 2025 (was €150,000)
- Cash +€102,599
up €102,599 (+85.6%), from €119,798 to €222,397
mainly Debts after one year (+€800,172) and Other debts (+€385,605)
- Tangible fixed assets +€102,208
up €102,208 (+51.4%), from €198,774 to €300,982
of which Land and buildings: +€59,720
Equity and liabilities
- Debts after one year +€800,172
new in 2025: €800,172
- Other debts +€385,605
up €385,605 (+97,612%), from €395 to €386,000
- Current portion of long-term debt +€172,136
new in 2025: €172,136
- Reserves +€110,518
up €110,518 (+3.9%), from €2.8m to €2.9m
of which Distributable reserves: +€110,518
- Trade debts +€73,051
up €73,051 (+62.0%), from €117,839 to €190,891
Income statement
- Gross operating margin -€390,462
down €390,462 (-15.3%), from €2.6m to €2.2m
- Taxes -€94,562
down €94,562 (-70.5%), from €134,150 to €39,588
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€394,538
Gross operating margin
-€390,462
Staff costs
+€21,215
Depreciation
-€7,196
Write-downs
+€19,661
Other operating charges
-€2,326
Other operating items
-€2,114
Financial income
-€2,257
Financial charges
-€15,104
Taxes
+€94,562
Result 2025
€110,518
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€352,293
Investment
-€517,416
Financing
+€972,308
Cash 2024
€119,798
From operations (derived)
-€352,293
Net result for the year
+€110,518
Depreciation
+€40,079
Stocks and contracts
-€29,248
Receivables within one year
-€869,053
Deferred charges and accrued income
+€4,782
Trade debts
+€73,051
Tax, wage and social debts
+€4,775
Advances received
-€65,774
Other debts
+€385,605
Accrued charges and deferred income
-€7,028
Investment (derived)
-€517,416
Investment in fixed assets (net)
-€667,416
Current investments
+€150,000
Financing
+€972,308
Debts after one year
+€800,172
Current portion of long-term debt
+€172,136
Cash 2025
€222,397
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,466,036 | €4,939,491 | +€1.5m | +42.5% |
| Fixed assets | 21/28 | €201,210 | €828,547 | +€627,338 | +312% |
| Intangible fixed assets | 21 | €2,436 | €27,565 | +€25,130 | +1,032% |
| Tangible fixed assets | 22/27 | €198,774 | €300,982 | +€102,208 | +51.4% |
| Land and buildings | 22 | €81,136 | €140,857 | +€59,720 | +73.6% |
| Plant, machinery and equipment | 23 | €21,877 | €26,096 | +€4,219 | +19.3% |
| Furniture and vehicles | 24 | €95,761 | €134,030 | +€38,269 | +40.0% |
| Financial fixed assets | 28 | - | €500,000 | +€500,000 | |
| Current assets | 29/58 | €3,264,827 | €4,110,944 | +€846,117 | +25.9% |
| Amounts receivable after more than one year | 29 | €500 | €500 | = | 0.0% |
| Other amounts receivable | 291 | €500 | €500 | = | 0.0% |
| Stocks and contracts in progress | 3 | €395,213 | €424,461 | +€29,248 | +7.4% |
| Stocks | 30/36 | €395,213 | €424,461 | +€29,248 | +7.4% |
| Amounts receivable within one year | 40/41 | €2,570,371 | €3,439,424 | +€869,053 | +33.8% |
| Trade receivables | 40 | €880,009 | €847,055 | -€32,953 | -3.7% |
| Other amounts receivable | 41 | €1,690,362 | €2,592,368 | +€902,006 | +53.4% |
| Current investments | 50/53 | €150,000 | - | -€150,000 | |
| Cash at bank and in hand | 54/58 | €119,798 | €222,397 | +€102,599 | +85.6% |
| Deferred charges and accrued income | 490/1 | €28,944 | €24,162 | -€4,782 | -16.5% |
| Total equity and liabilities | 10/49 | €3,466,036 | €4,939,491 | +€1.5m | +42.5% |
| Equity | 10/15 | €2,826,659 | €2,937,176 | +€110,518 | +3.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €2,808,109 | €2,918,626 | +€110,518 | +3.9% |
| Tax-exempt reserves | 132 | €34,509 | €34,509 | = | 0.0% |
| Distributable reserves | 133 | €2,773,600 | €2,884,118 | +€110,518 | +4.0% |
| Amounts payable | 17/49 | €639,378 | €2,002,315 | +€1.4m | +213% |
| Amounts payable after more than one year | 17 | - | €800,172 | +€800,172 | |
| Financial debts | 170/4 | - | €800,172 | +€800,172 | |
| Amounts payable within one year | 42/48 | €420,420 | €990,214 | +€569,793 | +136% |
| Current portion of amounts payable after more than one year | 42 | - | €172,136 | +€172,136 | |
| Trade debts | 44 | €117,839 | €190,891 | +€73,051 | +62.0% |
| Suppliers | 440/4 | €117,839 | €190,891 | +€73,051 | +62.0% |
| Advances received on contracts in progress | 46 | €94,197 | €28,423 | -€65,774 | -69.8% |
| Taxes, remuneration and social security | 45 | €207,989 | €212,764 | +€4,775 | +2.3% |
| Taxes | 450/3 | €31,827 | €35,007 | +€3,181 | +10.0% |
| Remuneration and social security | 454/9 | €176,162 | €177,757 | +€1,595 | +0.9% |
| Other amounts payable | 47/48 | €395 | €386,000 | +€385,605 | +97,612% |
| Accrued charges and deferred income | 492/3 | €218,957 | €211,929 | -€7,028 | -3.2% |
| Non-recurring operating income | 76A | - | €4,450 | +€4,450 | |
| Remuneration, social security and pensions | 62 | €1,973,384 | €1,952,169 | -€21,215 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,882 | €40,079 | +€7,196 | +21.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €47,103 | €27,442 | -€19,661 | -41.7% |
| Other operating charges | 640/8 | €1,600 | €3,925 | +€2,326 | +145% |
| Non-recurring operating charges | 66A | €5,591 | €7,705 | +€2,114 | +37.8% |
| Gross operating margin | 9900 | €2,560,135 | €2,169,673 | -€390,462 | -15.3% |
| Operating profit (loss) | 9901 | €499,575 | €138,354 | -€361,222 | -72.3% |
| Financial income | 75/76B | €36,718 | €34,461 | -€2,257 | -6.1% |
| Recurring financial income | 75 | €36,718 | €34,461 | -€2,257 | -6.1% |
| Financial charges | 65/66B | €7,605 | €22,709 | +€15,104 | +199% |
| Recurring financial charges | 65 | €7,605 | €22,709 | +€15,104 | +199% |
| Profit (loss) for the period before taxes | 9903 | €528,688 | €150,105 | -€378,583 | -71.6% |
| Income taxes | 67/77 | €134,150 | €39,588 | -€94,562 | -70.5% |
| Profit (loss) for the period | 9904 | €394,538 | €110,518 | -€284,021 | -72.0% |
| Profit (loss) for the period to be appropriated | 9905 | €394,538 | €110,518 | -€284,021 | -72.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.