JOKIN: 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.
JOKIN
Largest movements
- Tangible fixed assets -€30,040
down €30,040 (-10.7%), from €280,748 to €250,708
- Cash -€4,694
down €4,694 (-4.7%), from €100,683 to €95,988
mainly Contributions, distributions and other (-€30,000) and Investment in fixed assets (net) (-€5,250)
- Reserves -€25,000
down €25,000 (-27.2%), from €91,980 to €66,980
of which Distributable reserves: -€25,000
- Gross operating margin +€5,224
up €5,224 (+12.1%), from €43,044 to €48,268
- Depreciation +€2,239
up €2,239 (+6.8%), from €33,052 to €35,290
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 | €381,431 | €350,154 | -€31,277 | -8.2% |
| Fixed assets | 21/28 | €280,748 | €250,708 | -€30,040 | -10.7% |
| Tangible fixed assets | 22/27 | €280,748 | €250,708 | -€30,040 | -10.7% |
| Land and buildings | 22 | €181,707 | €174,086 | -€7,621 | -4.2% |
| Plant, machinery and equipment | 23 | €5,630 | €4,186 | -€1,444 | -25.7% |
| Furniture and vehicles | 24 | €30,077 | €16,127 | -€13,950 | -46.4% |
| Other tangible fixed assets | 26 | €63,334 | €56,310 | -€7,025 | -11.1% |
| Current assets | 29/58 | €100,683 | €99,446 | -€1,236 | -1.2% |
| Amounts receivable within one year | 40/41 | - | €3,458 | +€3,458 | |
| Trade receivables | 40 | - | €3,458 | +€3,458 | |
| Cash at bank and in hand | 54/58 | €100,683 | €95,988 | -€4,694 | -4.7% |
| Total equity and liabilities | 10/49 | €381,431 | €350,154 | -€31,277 | -8.2% |
| Equity | 10/15 | €365,580 | €340,580 | -€25,000 | -6.8% |
| Contributions | 10/11 | €273,600 | €273,600 | = | 0.0% |
| Capital | 10 | €273,600 | €273,600 | = | 0.0% |
| Issued capital | 100 | €273,600 | €273,600 | = | 0.0% |
| Reserves | 13 | €91,980 | €66,980 | -€25,000 | -27.2% |
| Non-distributable reserves | 130/1 | €13,680 | €13,680 | = | 0.0% |
| Legal reserve | 130 | €13,680 | €13,680 | = | 0.0% |
| Distributable reserves | 133 | €78,300 | €53,300 | -€25,000 | -31.9% |
| Amounts payable | 17/49 | €15,851 | €9,574 | -€6,277 | -39.6% |
| Amounts payable within one year | 42/48 | €15,851 | €9,574 | -€6,277 | -39.6% |
| Trade debts | 44 | €1,924 | €866 | -€1,057 | -55.0% |
| Suppliers | 440/4 | €1,924 | €866 | -€1,057 | -55.0% |
| Taxes, remuneration and social security | 45 | €1,461 | - | -€1,461 | |
| Taxes | 450/3 | €1,461 | - | -€1,461 | |
| Other amounts payable | 47/48 | €12,466 | €8,708 | -€3,759 | -30.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,052 | €35,290 | +€2,239 | +6.8% |
| Other operating charges | 640/8 | €5,160 | €5,321 | +€162 | +3.1% |
| Gross operating margin | 9900 | €43,044 | €48,268 | +€5,224 | +12.1% |
| Operating profit (loss) | 9901 | €4,832 | €7,656 | +€2,824 | +58.4% |
| Financial charges | 65/66B | €285 | €289 | +€3 | +1.2% |
| Recurring financial charges | 65 | €285 | €289 | +€3 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €4,547 | €7,367 | +€2,820 | +62.0% |
| Income taxes | 67/77 | €2,247 | €2,367 | +€120 | +5.3% |
| Profit (loss) for the period | 9904 | €2,300 | €5,000 | +€2,700 | +117.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,300 | €5,000 | +€2,700 | +117.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.