JOKAT: 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.
JOKAT
Largest movements
- Cash -€26,102
down €26,102 (-49.1%), from €53,118 to €27,016
mainly Net result for the year (-€43,202) and Contributions, distributions and other (-€8,060)
- Current investments -€10,265
down €10,265 (-4.0%), from €254,327 to €244,062
- Tangible fixed assets -€8,780
down €8,780 (-43.3%), from €20,300 to €11,520
of which Furniture and vehicles: -€6,017
- Receivables within one year -€6,957
down €6,957 (-26.1%), from €26,654 to €19,697
of which Other amounts receivable: -€7,422
- Profit (loss) carried forward -€43,202
down €43,202 (-42.0%), from €102,840 to €59,638
- Contributions -€6,200
no longer reported in 2025 (was €6,200)
- Gross operating margin +€13,301
up €13,301 (+25.0%), from -€53,178 to -€39,878
- Financial income -€5,067
down €5,067 (-40.7%), from €12,438 to €7,371
of which Non-recurring financial income: -€7,400
- Taxes +€1,743
up €1,743, from -€231 to €1,511
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 | €368,091 | €315,211 | -€52,881 | -14.4% |
| Fixed assets | 21/28 | €20,315 | €11,535 | -€8,780 | -43.2% |
| Tangible fixed assets | 22/27 | €20,300 | €11,520 | -€8,780 | -43.3% |
| Plant, machinery and equipment | 23 | €557 | €157 | -€400 | -71.9% |
| Furniture and vehicles | 24 | €14,831 | €8,813 | -€6,017 | -40.6% |
| Other tangible fixed assets | 26 | €4,913 | €2,550 | -€2,363 | -48.1% |
| Financial fixed assets | 28 | €15 | €15 | = | 0.0% |
| Current assets | 29/58 | €347,776 | €303,676 | -€44,100 | -12.7% |
| Stocks and contracts in progress | 3 | €13,137 | €12,723 | -€414 | -3.2% |
| Stocks | 30/36 | €13,137 | €12,723 | -€414 | -3.2% |
| Amounts receivable within one year | 40/41 | €26,654 | €19,697 | -€6,957 | -26.1% |
| Trade receivables | 40 | €270 | €735 | +€465 | +172.4% |
| Other amounts receivable | 41 | €26,384 | €18,961 | -€7,422 | -28.1% |
| Current investments | 50/53 | €254,327 | €244,062 | -€10,265 | -4.0% |
| Cash at bank and in hand | 54/58 | €53,118 | €27,016 | -€26,102 | -49.1% |
| Deferred charges and accrued income | 490/1 | €541 | €178 | -€363 | -67.1% |
| Total equity and liabilities | 10/49 | €368,091 | €315,211 | -€52,881 | -14.4% |
| Equity | 10/15 | €361,549 | €310,287 | -€51,262 | -14.2% |
| Contributions | 10/11 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €252,509 | €250,649 | -€1,860 | -0.7% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €47,750 | €47,750 | = | 0.0% |
| Distributable reserves | 133 | €202,899 | €202,899 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,840 | €59,638 | -€43,202 | -42.0% |
| Amounts payable | 17/49 | €6,542 | €4,924 | -€1,618 | -24.7% |
| Amounts payable within one year | 42/48 | €6,542 | €4,924 | -€1,618 | -24.7% |
| Trade debts | 44 | €335 | €1,396 | +€1,061 | +316.4% |
| Suppliers | 440/4 | €335 | €1,396 | +€1,061 | +316.4% |
| Taxes, remuneration and social security | 45 | €4,136 | €1,455 | -€2,681 | -64.8% |
| Taxes | 450/3 | €4,136 | €1,455 | -€2,681 | -64.8% |
| Other amounts payable | 47/48 | €2,071 | €2,073 | +€2 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,780 | €8,780 | = | 0.0% |
| Other operating charges | 640/8 | €394 | €280 | -€114 | -28.9% |
| Gross operating margin | 9900 | -€53,178 | -€39,878 | +€13,301 | +25.0% |
| Operating profit (loss) | 9901 | -€62,352 | -€48,938 | +€13,415 | +21.5% |
| Financial income | 75/76B | €12,438 | €7,371 | -€5,067 | -40.7% |
| Recurring financial income | 75 | €5,038 | €7,371 | +€2,333 | +46.3% |
| Non-recurring financial income | 76B | €7,400 | - | -€7,400 | |
| Financial charges | 65/66B | €104 | €124 | +€20 | +18.9% |
| Recurring financial charges | 65 | €104 | €124 | +€20 | +18.9% |
| Profit (loss) for the period before taxes | 9903 | -€50,019 | -€41,691 | +€8,328 | +16.6% |
| Income taxes | 67/77 | -€231 | €1,511 | +€1,743 | |
| Profit (loss) for the period | 9904 | -€49,788 | -€43,202 | +€6,585 | +13.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,788 | -€43,202 | +€6,585 | +13.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.