JOKAVEDE: 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.
JOKAVEDE
Largest movements
- Cash +€177,415
up €177,415 (+98.2%), from €180,615 to €358,030
mainly Net result for the year (+€154,620) and Depreciation (+€37,768)
- Receivables within one year -€34,993
no longer reported in 2025 (was €34,993)
- Tangible fixed assets +€16,349
up €16,349 (+3.2%), from €505,186 to €521,535
of which Leasing and similar rights: +€36,935
- Reserves +€127,960
up €127,960 (+28.0%), from €457,066 to €585,026
of which Distributable reserves: +€127,960
- Debts after one year +€19,980
up €19,980 (+47.5%), from €42,075 to €62,055
- Short-term financial debts +€17,083
up €17,083 (+83.7%), from €20,417 to €37,500
- Current portion of long-term debt +€12,248
up €12,248 (+89.7%), from €13,654 to €25,902
- Trade debts -€11,780
down €11,780 (-74.5%), from €15,822 to €4,042
- Gross operating margin +€58,233
up €58,233 (+27.0%), from €215,668 to €273,901
- Taxes +€19,131
up €19,131 (+34.0%), from €56,333 to €75,464
- Depreciation +€17,036
up €17,036 (+82.2%), from €20,732 to €37,768
- Financial charges -€3,108
down €3,108 (-61.8%), from €5,032 to €1,924
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 | €724,008 | €882,955 | +€158,947 | +22.0% |
| Fixed assets | 21/28 | €505,186 | €521,535 | +€16,349 | +3.2% |
| Tangible fixed assets | 22/27 | €505,186 | €521,535 | +€16,349 | +3.2% |
| Land and buildings | 22 | €483,184 | €466,745 | -€16,439 | -3.4% |
| Plant, machinery and equipment | 23 | €17,446 | €14,331 | -€3,115 | -17.9% |
| Furniture and vehicles | 24 | €4,556 | €3,524 | -€1,032 | -22.7% |
| Leasing and similar rights | 25 | - | €36,935 | +€36,935 | |
| Current assets | 29/58 | €218,822 | €361,420 | +€142,598 | +65.2% |
| Amounts receivable within one year | 40/41 | €34,993 | - | -€34,993 | |
| Trade receivables | 40 | €34,993 | - | -€34,993 | |
| Cash at bank and in hand | 54/58 | €180,615 | €358,030 | +€177,415 | +98.2% |
| Deferred charges and accrued income | 490/1 | €3,214 | €3,390 | +€176 | +5.5% |
| Total equity and liabilities | 10/49 | €724,008 | €882,955 | +€158,947 | +22.0% |
| Equity | 10/15 | €588,137 | €716,097 | +€127,960 | +21.8% |
| Contributions | 10/11 | €31,071 | €31,071 | = | 0.0% |
| Revaluation surpluses | 12 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €457,066 | €585,026 | +€127,960 | +28.0% |
| Non-distributable reserves | 130/1 | €7,107 | €7,107 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,107 | €7,107 | = | 0.0% |
| Tax-exempt reserves | 132 | €47,806 | €47,806 | = | 0.0% |
| Distributable reserves | 133 | €402,153 | €530,113 | +€127,960 | +31.8% |
| Amounts payable | 17/49 | €135,871 | €166,858 | +€30,987 | +22.8% |
| Amounts payable after more than one year | 17 | €42,075 | €62,055 | +€19,980 | +47.5% |
| Financial debts | 170/4 | €42,075 | €62,055 | +€19,980 | +47.5% |
| Amounts payable within one year | 42/48 | €93,796 | €104,803 | +€11,007 | +11.7% |
| Current portion of amounts payable after more than one year | 42 | €13,654 | €25,902 | +€12,248 | +89.7% |
| Financial debts | 43 | €20,417 | €37,500 | +€17,083 | +83.7% |
| Credit institutions | 430/8 | €20,417 | €37,500 | +€17,083 | +83.7% |
| Trade debts | 44 | €15,822 | €4,042 | -€11,780 | -74.5% |
| Suppliers | 440/4 | €15,822 | €4,042 | -€11,780 | -74.5% |
| Taxes, remuneration and social security | 45 | €40,479 | €31,437 | -€9,042 | -22.3% |
| Taxes | 450/3 | €40,479 | €31,437 | -€9,042 | -22.3% |
| Other amounts payable | 47/48 | €3,424 | €5,922 | +€2,498 | +73.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,732 | €37,768 | +€17,036 | +82.2% |
| Other operating charges | 640/8 | €5,007 | €5,372 | +€365 | +7.3% |
| Gross operating margin | 9900 | €215,668 | €273,901 | +€58,233 | +27.0% |
| Operating profit (loss) | 9901 | €189,929 | €230,761 | +€40,832 | +21.5% |
| Financial income | 75/76B | €39 | €1,247 | +€1,208 | +3097.4% |
| Recurring financial income | 75 | €39 | €1,247 | +€1,208 | +3097.4% |
| Financial charges | 65/66B | €5,032 | €1,924 | -€3,108 | -61.8% |
| Recurring financial charges | 65 | €5,032 | €1,924 | -€3,108 | -61.8% |
| Profit (loss) for the period before taxes | 9903 | €184,936 | €230,084 | +€45,148 | +24.4% |
| Income taxes | 67/77 | €56,333 | €75,464 | +€19,131 | +34.0% |
| Profit (loss) for the period | 9904 | €128,603 | €154,620 | +€26,017 | +20.2% |
| Profit (loss) for the period to be appropriated | 9905 | €128,603 | €154,620 | +€26,017 | +20.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.