JOKA: 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.
JOKA
Largest movements
- Tangible fixed assets -€90,377
down €90,377 (-13.9%), from €651,270 to €560,893
of which Land and buildings: -€59,342
- Cash +€44,216
up €44,216 (+135.1%), from €32,718 to €76,934
mainly Depreciation (+€92,555) and Tax, wage and social debts (+€52,855)
- Receivables within one year -€30,940
down €30,940 (-22.8%), from €135,751 to €104,811
of which Trade receivables: -€66,954
- Tax, wage and social debts +€52,855
up €52,855 (+126.8%), from €41,671 to €94,526
of which Remuneration and social security: +€69,739
- Other debts -€49,581
down €49,581 (-22.0%), from €225,772 to €176,191
- Debts after one year -€39,190
down €39,190 (-7.2%), from €545,828 to €506,638
of which Financial debts: -€234,190
- Profit (loss) carried forward -€31,892
down €31,892 (-12.0%), from -€265,364 to -€297,256
- Trade debts +€26,344
up €26,344 (+35.6%), from €74,024 to €100,368
- Depreciation -€7,700
down €7,700 (-7.7%), from €100,255 to €92,555
- Financial income -€3,992
down €3,992 (-100.0%), from €3,992 to €0
- Gross operating margin -€3,084
down €3,084 (-4.2%), from €72,686 to €69,602
- Taxes -€2,232
down €2,232 (-48.7%), from €4,583 to €2,351
- Financial charges -€1,022
down €1,022 (-15.4%), from €6,630 to €5,608
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 | €909,118 | €829,839 | -€79,279 | -8.7% |
| Fixed assets | 21/28 | €690,749 | €598,194 | -€92,555 | -13.4% |
| Intangible fixed assets | 21 | €30,489 | €28,311 | -€2,178 | -7.1% |
| Tangible fixed assets | 22/27 | €651,270 | €560,893 | -€90,377 | -13.9% |
| Land and buildings | 22 | €615,876 | €556,534 | -€59,342 | -9.6% |
| Plant, machinery and equipment | 23 | €667 | €333 | -€334 | -50.0% |
| Furniture and vehicles | 24 | €34,727 | €4,025 | -€30,702 | -88.4% |
| Financial fixed assets | 28 | €8,990 | €8,990 | +€0 | 0.0% |
| Current assets | 29/58 | €218,369 | €231,645 | +€13,276 | +6.1% |
| Amounts receivable after more than one year | 29 | €49,900 | €49,900 | +€0 | 0.0% |
| Other amounts receivable | 291 | €49,900 | €49,900 | +€0 | 0.0% |
| Amounts receivable within one year | 40/41 | €135,751 | €104,811 | -€30,940 | -22.8% |
| Trade receivables | 40 | €135,751 | €68,797 | -€66,954 | -49.3% |
| Other amounts receivable | 41 | - | €36,014 | +€36,014 | |
| Cash at bank and in hand | 54/58 | €32,718 | €76,934 | +€44,216 | +135.1% |
| Total equity and liabilities | 10/49 | €909,118 | €829,839 | -€79,279 | -8.7% |
| Equity | 10/15 | -€141,141 | -€181,919 | -€40,778 | -28.9% |
| Contributions | 10/11 | €12,395 | €12,395 | -€0 | 0.0% |
| Reserves | 13 | €111,828 | €102,942 | -€8,886 | -7.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €109,968 | €101,082 | -€8,886 | -8.1% |
| Profit (loss) carried forward | 14 | -€265,364 | -€297,256 | -€31,892 | -12.0% |
| Provisions and deferred taxes | 16 | €27,673 | €23,095 | -€4,578 | -16.5% |
| Deferred taxes | 168 | €27,673 | €23,095 | -€4,578 | -16.5% |
| Amounts payable | 17/49 | €1,022,586 | €988,663 | -€33,923 | -3.3% |
| Amounts payable after more than one year | 17 | €545,828 | €506,638 | -€39,190 | -7.2% |
| Financial debts | 170/4 | €545,828 | €311,638 | -€234,190 | -42.9% |
| Other amounts payable | 178/9 | - | €195,000 | +€195,000 | |
| Amounts payable within one year | 42/48 | €436,258 | €441,525 | +€5,267 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €47,916 | €39,191 | -€8,725 | -18.2% |
| Financial debts | 43 | €46,875 | €31,250 | -€15,625 | -33.3% |
| Credit institutions | 430/8 | €46,875 | €31,250 | -€15,625 | -33.3% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €74,024 | €100,368 | +€26,344 | +35.6% |
| Suppliers | 440/4 | €74,024 | €100,368 | +€26,344 | +35.6% |
| Taxes, remuneration and social security | 45 | €41,671 | €94,526 | +€52,855 | +126.8% |
| Taxes | 450/3 | €39,845 | €22,960 | -€16,885 | -42.4% |
| Remuneration and social security | 454/9 | €1,826 | €71,565 | +€69,739 | +3819.2% |
| Other amounts payable | 47/48 | €225,772 | €176,191 | -€49,581 | -22.0% |
| Accrued charges and deferred income | 492/3 | €40,500 | €40,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,255 | €92,555 | -€7,700 | -7.7% |
| Other operating charges | 640/8 | €15,085 | €14,444 | -€641 | -4.2% |
| Gross operating margin | 9900 | €72,686 | €69,602 | -€3,084 | -4.2% |
| Operating profit (loss) | 9901 | -€42,654 | -€37,397 | +€5,257 | +12.3% |
| Financial income | 75/76B | €3,992 | €0 | -€3,992 | -100.0% |
| Recurring financial income | 75 | €3,992 | €0 | -€3,992 | -100.0% |
| Financial charges | 65/66B | €6,630 | €5,608 | -€1,022 | -15.4% |
| Recurring financial charges | 65 | €6,630 | €5,608 | -€1,022 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | -€45,292 | -€43,004 | +€2,288 | +5.1% |
| Transfer from deferred taxes | 780 | €4,578 | €4,578 | -€0 | 0.0% |
| Income taxes | 67/77 | €4,583 | €2,351 | -€2,232 | -48.7% |
| Profit (loss) for the period | 9904 | -€45,297 | -€40,778 | +€4,519 | +10.0% |
| Transfer from tax-exempt reserves | 789 | €8,886 | €8,886 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,411 | -€31,892 | +€4,519 | +12.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.