JOKKEBROK: 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.
What changed
JOKKEBROK
NACE 68.121, Development of residential building projects
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€260,656
2024 · -€193,853-€66,804
Equity
-€188,134
2024 · €72,523-€260,656
Cash
€176,018
2024 · €41,201+€134,817
Balance sheet total
€14.4m
2024 · €11.3m+€3.1m
Largest movements
Assets
- Stocks and contracts +€2.9m
up €2.9m (+27.4%), from €10.7m to €13.6m
Equity and liabilities
- Short-term financial debts +€2.6m
up €2.6m (+780%), from €329,854 to €2.9m
- Trade debts +€854,876
up €854,876 (+78.0%), from €1.1m to €2.0m
- Advances received -€279,005
down €279,005 (-4.0%), from €7.0m to €6.7m
- Profit (loss) carried forward -€260,656
down €260,656, from €17,523 to -€243,134
- Debts after one year +€165,874
up €165,874 (+6.2%), from €2.7m to €2.8m
Income statement
- Financial charges +€34,254
up €34,254 (+39.5%), from €86,709 to €120,962
- Gross operating margin -€25,171
down €25,171 (-21.6%), from -€116,589 to -€141,761
- Other operating charges +€5,991
up €5,991 (+64.8%), from €9,244 to €15,235
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.
Result 2024
-€193,853
Gross operating margin
-€25,171
Depreciation
-€1,009
Other operating charges
-€5,991
Financial income
-€378
Financial charges
-€34,254
Result 2025
-€260,656
lowers the result
Derived cash bridge
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.
From operations
-€2.6m
Investment
-€8,000
Financing
+€2.7m
Cash 2024
€41,201
From operations (derived)
-€2.6m
Net result for the year
-€260,656
Depreciation
+€1,539
Smaller working-capital items
-€3,111
Stocks and contracts
-€2.9m
Receivables within one year
-€29,597
Trade debts
+€854,876
Tax, wage and social debts
+€13,714
Advances received
-€279,005
Accrued charges and deferred income
+€21,188
Investment (derived)
-€8,000
Investment in fixed assets (net)
-€8,000
Financing
+€2.7m
Debts after one year
+€165,874
Short-term financial debts
+€2.6m
Cash 2025
€176,018
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,272,797 | €14,361,787 | +€3.1m | +27.4% |
| Fixed assets | 21/28 | €10,566 | €17,027 | +€6,461 | +61.1% |
| Tangible fixed assets | 22/27 | €7,166 | €5,627 | -€1,539 | -21.5% |
| Furniture and vehicles | 24 | €7,166 | €5,627 | -€1,539 | -21.5% |
| Financial fixed assets | 28 | €3,400 | €11,400 | +€8,000 | +235% |
| Current assets | 29/58 | €11,262,231 | €14,344,761 | +€3.1m | +27.4% |
| Amounts receivable after more than one year | 29 | €484,913 | €487,209 | +€2,295 | +0.5% |
| Other amounts receivable | 291 | €484,913 | €487,209 | +€2,295 | +0.5% |
| Stocks and contracts in progress | 3 | €10,650,119 | €13,565,230 | +€2.9m | +27.4% |
| Stocks | 30/36 | €10,650,119 | €13,565,230 | +€2.9m | +27.4% |
| Amounts receivable within one year | 40/41 | €85,998 | €115,596 | +€29,597 | +34.4% |
| Trade receivables | 40 | €80,463 | €98,824 | +€18,361 | +22.8% |
| Other amounts receivable | 41 | €5,536 | €16,772 | +€11,236 | +203% |
| Cash at bank and in hand | 54/58 | €41,201 | €176,018 | +€134,817 | +327% |
| Deferred charges and accrued income | 490/1 | - | €709 | +€709 | |
| Total equity and liabilities | 10/49 | €11,272,797 | €14,361,787 | +€3.1m | +27.4% |
| Equity | 10/15 | €72,523 | -€188,134 | -€260,656 | |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,523 | -€243,134 | -€260,656 | |
| Amounts payable | 17/49 | €11,200,274 | €14,549,921 | +€3.3m | +29.9% |
| Amounts payable after more than one year | 17 | €2,678,488 | €2,844,362 | +€165,874 | +6.2% |
| Financial debts | 170/4 | €2,678,488 | €2,844,362 | +€165,874 | +6.2% |
| Amounts payable within one year | 42/48 | €8,521,786 | €11,684,371 | +€3.2m | +37.1% |
| Financial debts | 43 | €329,854 | €2,902,960 | +€2.6m | +780% |
| Credit institutions | 430/8 | €329,854 | €2,902,960 | +€2.6m | +780% |
| Trade debts | 44 | €1,095,716 | €1,950,592 | +€854,876 | +78.0% |
| Suppliers | 440/4 | €1,095,716 | €1,950,592 | +€854,876 | +78.0% |
| Advances received on contracts in progress | 46 | €7,019,139 | €6,740,133 | -€279,005 | -4.0% |
| Taxes, remuneration and social security | 45 | €76,661 | €90,375 | +€13,714 | +17.9% |
| Taxes | 450/3 | €76,661 | €90,375 | +€13,714 | +17.9% |
| Other amounts payable | 47/48 | €417 | €310 | -€107 | -25.6% |
| Accrued charges and deferred income | 492/3 | - | €21,188 | +€21,188 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €530 | €1,539 | +€1,009 | +190% |
| Other operating charges | 640/8 | €9,244 | €15,235 | +€5,991 | +64.8% |
| Gross operating margin | 9900 | -€116,589 | -€141,761 | -€25,171 | -21.6% |
| Operating profit (loss) | 9901 | -€126,363 | -€158,535 | -€32,172 | -25.5% |
| Financial income | 75/76B | €19,219 | €18,841 | -€378 | -2.0% |
| Recurring financial income | 75 | €19,219 | €18,841 | -€378 | -2.0% |
| Financial charges | 65/66B | €86,709 | €120,962 | +€34,254 | +39.5% |
| Recurring financial charges | 65 | €86,709 | €120,962 | +€34,254 | +39.5% |
| Profit (loss) for the period before taxes | 9903 | -€193,853 | -€260,656 | -€66,804 | -34.5% |
| Profit (loss) for the period | 9904 | -€193,853 | -€260,656 | -€66,804 | -34.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€193,853 | -€260,656 | -€66,804 | -34.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.