JOKO: 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.
JOKO
Largest movements
- Receivables after one year +€100,000
new in 2025: €100,000
- Tangible fixed assets -€40,113
down €40,113 (-13.5%), from €296,449 to €256,336
of which Land and buildings: -€31,989
- Cash -€17,789
down €17,789 (-4.3%), from €409,950 to €392,162
mainly Contributions, distributions and other (-€200,000) and Receivables after one year (-€100,000)
- Reserves +€131,376
up €131,376 (+109.5%), from €120,024 to €251,400
- Debts after one year -€38,721
down €38,721 (-100.0%), from €38,721 to €0
- Other debts -€35,000
down €35,000 (-14.9%), from €235,000 to €200,000
- Trade debts -€28,133
down €28,133 (-11.5%), from €243,695 to €215,562
- Tax, wage and social debts +€16,777
up €16,777 (+12.2%), from €137,331 to €154,109
of which Remuneration and social security: +€9,826
- Gross operating margin +€83,545
up €83,545 (+4.9%), from €1.7m to €1.8m
- Staff costs +€60,188
up €60,188 (+5.2%), from €1.2m to €1.2m
- Taxes +€39,455
up €39,455 (+53.7%), from €73,423 to €112,878
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 | €848,343 | €891,134 | +€42,791 | +5.0% |
| Fixed assets | 21/28 | €300,298 | €258,685 | -€41,613 | -13.9% |
| Intangible fixed assets | 21 | €2,836 | €1,336 | -€1,500 | -52.9% |
| Tangible fixed assets | 22/27 | €296,449 | €256,336 | -€40,113 | -13.5% |
| Land and buildings | 22 | €133,682 | €101,692 | -€31,989 | -23.9% |
| Plant, machinery and equipment | 23 | €89,688 | €67,124 | -€22,564 | -25.2% |
| Furniture and vehicles | 24 | €73,079 | €87,520 | +€14,441 | +19.8% |
| Financial fixed assets | 28 | €1,014 | €1,014 | = | 0.0% |
| Current assets | 29/58 | €548,045 | €632,448 | +€84,404 | +15.4% |
| Amounts receivable after more than one year | 29 | - | €100,000 | +€100,000 | |
| Other amounts receivable | 291 | - | €100,000 | +€100,000 | |
| Stocks and contracts in progress | 3 | €43,511 | €41,508 | -€2,003 | -4.6% |
| Stocks | 30/36 | €43,511 | €41,508 | -€2,003 | -4.6% |
| Amounts receivable within one year | 40/41 | €90,140 | €92,603 | +€2,463 | +2.7% |
| Trade receivables | 40 | €81,029 | €85,984 | +€4,955 | +6.1% |
| Other amounts receivable | 41 | €9,111 | €6,619 | -€2,492 | -27.4% |
| Cash at bank and in hand | 54/58 | €409,950 | €392,162 | -€17,789 | -4.3% |
| Deferred charges and accrued income | 490/1 | €4,443 | €6,175 | +€1,732 | +39.0% |
| Total equity and liabilities | 10/49 | €848,343 | €891,134 | +€42,791 | +5.0% |
| Equity | 10/15 | €170,024 | €301,400 | +€131,376 | +77.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €120,024 | €251,400 | +€131,376 | +109.5% |
| Distributable reserves | 133 | €120,024 | €251,400 | +€131,376 | +109.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €678,319 | €589,733 | -€88,585 | -13.1% |
| Amounts payable after more than one year | 17 | €38,721 | €0 | -€38,721 | -100.0% |
| Financial debts | 170/4 | €38,721 | €0 | -€38,721 | -100.0% |
| Amounts payable within one year | 42/48 | €638,089 | €583,332 | -€54,757 | -8.6% |
| Financial debts | 43 | €15,000 | €7,500 | -€7,500 | -50.0% |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €15,000 | €7,500 | -€7,500 | -50.0% |
| Trade debts | 44 | €243,695 | €215,562 | -€28,133 | -11.5% |
| Suppliers | 440/4 | €243,695 | €215,562 | -€28,133 | -11.5% |
| Advances received on contracts in progress | 46 | €7,062 | €6,161 | -€902 | -12.8% |
| Taxes, remuneration and social security | 45 | €137,331 | €154,109 | +€16,777 | +12.2% |
| Taxes | 450/3 | €28,993 | €35,945 | +€6,951 | +24.0% |
| Remuneration and social security | 454/9 | €108,338 | €118,164 | +€9,826 | +9.1% |
| Other amounts payable | 47/48 | €235,000 | €200,000 | -€35,000 | -14.9% |
| Accrued charges and deferred income | 492/3 | €1,509 | €6,402 | +€4,893 | +324.3% |
| Remuneration, social security and pensions | 62 | €1,162,150 | €1,222,338 | +€60,188 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,023 | €105,746 | +€7,722 | +7.9% |
| Other operating charges | 640/8 | €1,562 | €2,421 | +€860 | +55.1% |
| Gross operating margin | 9900 | €1,689,676 | €1,773,221 | +€83,545 | +4.9% |
| Operating profit (loss) | 9901 | €427,941 | €442,716 | +€14,775 | +3.5% |
| Financial income | 75/76B | €68 | €5,283 | +€5,215 | +7638.3% |
| Recurring financial income | 75 | €68 | €5,283 | +€5,215 | +7638.3% |
| Financial charges | 65/66B | €3,617 | €3,746 | +€128 | +3.5% |
| Recurring financial charges | 65 | €3,617 | €3,746 | +€128 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €424,392 | €444,253 | +€19,862 | +4.7% |
| Income taxes | 67/77 | €73,423 | €112,878 | +€39,455 | +53.7% |
| Profit (loss) for the period | 9904 | €350,969 | €331,376 | -€19,593 | -5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €350,969 | €331,376 | -€19,593 | -5.6% |
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 12 October 2026 via checked.be.