JOKALO: 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.
JOKALO
Largest movements
- Tangible fixed assets +€432,098
up €432,098 (+96.9%), from €445,998 to €878,096
of which Land and buildings: +€430,051
- Receivables after one year +€275,000
new in 2024: €275,000
- Stocks and contracts -€205,243
down €205,243 (-100%), from €205,243 to €0
- Cash +€22,810
up €22,810 (+6.3%), from €363,376 to €386,185
mainly Debts after one year (+€316,529) and Stocks and contracts (+€205,243)
- Debts after one year +€316,529
up €316,529 (+135%), from €233,620 to €550,149
- Reserves +€126,782
up €126,782 (+16.3%), from €777,654 to €904,436
- Tax, wage and social debts +€28,591
up €28,591 (+43.4%), from €65,828 to €94,419
of which Taxes: +€31,103
- Trade debts +€28,555
up €28,555 (+12,452%), from €229 to €28,785
- Current portion of long-term debt +€21,087
up €21,087 (+85.6%), from €24,634 to €45,721
- Gross operating margin +€94,553
up €94,553 (+41.2%), from €229,544 to €324,097
- Financial charges +€22,752
up €22,752 (+334%), from €6,820 to €29,572
- Depreciation +€10,578
up €10,578 (+42.3%), from €25,018 to €35,596
- Taxes +€8,109
up €8,109 (+15.1%), from €53,590 to €61,699
- Other operating charges +€7,442
up €7,442 (+28.7%), from €25,908 to €33,350
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,120,566 | €1,644,932 | +€524,367 | +46.8% |
| Fixed assets | 21/28 | €449,583 | €878,096 | +€428,513 | +95.3% |
| Tangible fixed assets | 22/27 | €445,998 | €878,096 | +€432,098 | +96.9% |
| Land and buildings | 22 | €444,001 | €874,052 | +€430,051 | +96.9% |
| Plant, machinery and equipment | 23 | €1,997 | €1,352 | -€645 | -32.3% |
| Furniture and vehicles | 24 | €0 | €2,692 | +€2,692 | |
| Financial fixed assets | 28 | €3,585 | €0 | -€3,585 | -100% |
| Current assets | 29/58 | €670,983 | €766,837 | +€95,854 | +14.3% |
| Amounts receivable after more than one year | 29 | - | €275,000 | +€275,000 | |
| Trade receivables | 290 | - | €275,000 | +€275,000 | |
| Stocks and contracts in progress | 3 | €205,243 | €0 | -€205,243 | -100% |
| Stocks | 30/36 | €205,243 | €0 | -€205,243 | -100% |
| Amounts receivable within one year | 40/41 | €96,541 | €96,391 | -€150 | -0.2% |
| Trade receivables | 40 | €96,245 | €96,391 | +€147 | +0.2% |
| Other amounts receivable | 41 | €297 | €0 | -€297 | -100% |
| Current investments | 50/53 | €5,128 | €5,128 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €363,376 | €386,185 | +€22,810 | +6.3% |
| Deferred charges and accrued income | 490/1 | €695 | €4,132 | +€3,437 | +494% |
| Total equity and liabilities | 10/49 | €1,120,566 | €1,644,932 | +€524,367 | +46.8% |
| Equity | 10/15 | €796,254 | €923,036 | +€126,782 | +15.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €777,654 | €904,436 | +€126,782 | +16.3% |
| Distributable reserves | 133 | €777,654 | €904,436 | +€126,782 | +16.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €324,312 | €721,896 | +€397,585 | +123% |
| Amounts payable after more than one year | 17 | €233,620 | €550,149 | +€316,529 | +135% |
| Financial debts | 170/4 | €233,620 | €550,149 | +€316,529 | +135% |
| Amounts payable within one year | 42/48 | €90,692 | €171,748 | +€81,056 | +89.4% |
| Current portion of amounts payable after more than one year | 42 | €24,634 | €45,721 | +€21,087 | +85.6% |
| Trade debts | 44 | €229 | €28,785 | +€28,555 | +12,452% |
| Suppliers | 440/4 | €229 | €28,785 | +€28,555 | +12,452% |
| Taxes, remuneration and social security | 45 | €65,828 | €94,419 | +€28,591 | +43.4% |
| Taxes | 450/3 | €59,921 | €91,024 | +€31,103 | +51.9% |
| Remuneration and social security | 454/9 | €5,908 | €3,395 | -€2,512 | -42.5% |
| Other amounts payable | 47/48 | €0 | €2,823 | +€2,823 | |
| Remuneration, social security and pensions | 62 | €41 | €28 | -€14 | -33.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,018 | €35,596 | +€10,578 | +42.3% |
| Other operating charges | 640/8 | €25,908 | €33,350 | +€7,442 | +28.7% |
| Non-recurring operating charges | 66A | €200 | €827 | +€627 | +314% |
| Gross operating margin | 9900 | €229,544 | €324,097 | +€94,553 | +41.2% |
| Operating profit (loss) | 9901 | €178,377 | €254,297 | +€75,920 | +42.6% |
| Financial income | 75/76B | €0 | €2,225 | +€2,225 | +1,236,239% |
| Recurring financial income | 75 | €0 | €2,225 | +€2,225 | +1,236,239% |
| Financial charges | 65/66B | €6,820 | €29,572 | +€22,752 | +334% |
| Recurring financial charges | 65 | €6,820 | €29,572 | +€22,752 | +334% |
| Profit (loss) for the period before taxes | 9903 | €171,557 | €226,951 | +€55,393 | +32.3% |
| Income taxes | 67/77 | €53,590 | €61,699 | +€8,109 | +15.1% |
| Profit (loss) for the period | 9904 | €117,968 | €165,252 | +€47,285 | +40.1% |
| Profit (loss) for the period to be appropriated | 9905 | €117,968 | €165,252 | +€47,285 | +40.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.