JOKRI: 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.
JOKRI
Largest movements
- Cash -€274,439
down €274,439 (-60.9%), from €450,935 to €176,497
mainly Net result for the year (-€139,879) and Other debts (-€128,309)
- Stocks and contracts +€84,686
up €84,686 (+46.7%), from €181,264 to €265,950
- Tangible fixed assets -€83,841
down €83,841 (-20.9%), from €400,230 to €316,389
- Financial fixed assets -€20,000
down €20,000 (-100.0%), from €20,000 to €0
- Reserves -€139,879
down €139,879 (-29.9%), from €467,944 to €328,064
of which Distributable reserves: -€139,879
- Trade debts +€139,052
up €139,052 (+56.5%), from €246,067 to €385,119
- Other debts -€128,309
down €128,309 (-98.4%), from €130,349 to €2,040
- Advances received -€89,345
down €89,345 (-100.0%), from €89,345 to €0
- Accrued charges and deferred income +€75,244
up €75,244, from €0 to €75,244
- Gross operating margin -€283,701
down €283,701 (-29.0%), from €977,954 to €694,252
- Staff costs +€181,310
up €181,310 (+25.6%), from €708,438 to €889,748
- Financial income +€117,811
up €117,811 (+1294.5%), from €9,101 to €126,912
of which Non-recurring financial income: +€116,306
- Provisions -€70,075
down €70,075 (-6580.3%), from -€1,065 to -€71,140
- Taxes -€35,807
down €35,807 (-98.6%), from €36,306 to €499
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 | €1,494,454 | €1,217,512 | -€276,943 | -18.5% |
| Fixed assets | 21/28 | €430,740 | €325,819 | -€104,921 | -24.4% |
| Intangible fixed assets | 21 | €10,510 | €9,430 | -€1,080 | -10.3% |
| Tangible fixed assets | 22/27 | €400,230 | €316,389 | -€83,841 | -20.9% |
| Land and buildings | 22 | €115,665 | €93,661 | -€22,005 | -19.0% |
| Plant, machinery and equipment | 23 | €63,697 | €45,895 | -€17,802 | -27.9% |
| Furniture and vehicles | 24 | €117,153 | €97,133 | -€20,020 | -17.1% |
| Leasing and similar rights | 25 | €103,715 | €79,701 | -€24,014 | -23.2% |
| Financial fixed assets | 28 | €20,000 | €0 | -€20,000 | -100.0% |
| Current assets | 29/58 | €1,063,714 | €891,693 | -€172,021 | -16.2% |
| Stocks and contracts in progress | 3 | €181,264 | €265,950 | +€84,686 | +46.7% |
| Stocks | 30/36 | €181,264 | €265,950 | +€84,686 | +46.7% |
| Amounts receivable within one year | 40/41 | €409,299 | €418,593 | +€9,295 | +2.3% |
| Trade receivables | 40 | €113,729 | €246,211 | +€132,482 | +116.5% |
| Other amounts receivable | 41 | €295,570 | €172,383 | -€123,187 | -41.7% |
| Current investments | 50/53 | €1,216 | €1,231 | +€15 | +1.2% |
| Cash at bank and in hand | 54/58 | €450,935 | €176,497 | -€274,439 | -60.9% |
| Deferred charges and accrued income | 490/1 | €21,000 | €29,422 | +€8,422 | +40.1% |
| Total equity and liabilities | 10/49 | €1,494,454 | €1,217,512 | -€276,943 | -18.5% |
| Equity | 10/15 | €666,544 | €526,664 | -€139,879 | -21.0% |
| Contributions | 10/11 | €198,600 | €198,600 | = | 0.0% |
| Reserves | 13 | €467,944 | €328,064 | -€139,879 | -29.9% |
| Non-distributable reserves | 130/1 | €7,404 | €7,404 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,404 | €7,404 | = | 0.0% |
| Distributable reserves | 133 | €460,540 | €320,660 | -€139,879 | -30.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €71,140 | €0 | -€71,140 | -100.0% |
| Provisions for liabilities and charges | 160/5 | €71,140 | €0 | -€71,140 | -100.0% |
| Other liabilities and charges | 164/5 | €71,140 | €0 | -€71,140 | -100.0% |
| Amounts payable | 17/49 | €756,770 | €690,847 | -€65,923 | -8.7% |
| Amounts payable after more than one year | 17 | €107,988 | €63,394 | -€44,594 | -41.3% |
| Financial debts | 170/4 | €107,988 | €63,394 | -€44,594 | -41.3% |
| Amounts payable within one year | 42/48 | €648,782 | €552,209 | -€96,573 | -14.9% |
| Current portion of amounts payable after more than one year | 42 | €69,390 | €44,594 | -€24,796 | -35.7% |
| Financial debts | 43 | €1,295 | €962 | -€334 | -25.8% |
| Credit institutions | 430/8 | €1,295 | €962 | -€334 | -25.8% |
| Trade debts | 44 | €246,067 | €385,119 | +€139,052 | +56.5% |
| Suppliers | 440/4 | €246,067 | €385,119 | +€139,052 | +56.5% |
| Advances received on contracts in progress | 46 | €89,345 | €0 | -€89,345 | -100.0% |
| Taxes, remuneration and social security | 45 | €112,336 | €119,494 | +€7,159 | +6.4% |
| Taxes | 450/3 | €8,043 | €11,389 | +€3,346 | +41.6% |
| Remuneration and social security | 454/9 | €104,293 | €108,106 | +€3,813 | +3.7% |
| Other amounts payable | 47/48 | €130,349 | €2,040 | -€128,309 | -98.4% |
| Accrued charges and deferred income | 492/3 | €0 | €75,244 | +€75,244 | |
| Non-recurring operating income | 76A | €19,525 | €0 | -€19,525 | -100.0% |
| Remuneration, social security and pensions | 62 | €708,438 | €889,748 | +€181,310 | +25.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122,191 | €129,001 | +€6,809 | +5.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€1,065 | -€71,140 | -€70,075 | -6580.3% |
| Other operating charges | 640/8 | €7,572 | €5,556 | -€2,015 | -26.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €977,954 | €694,252 | -€283,701 | -29.0% |
| Operating profit (loss) | 9901 | €140,817 | -€258,913 | -€399,730 | |
| Financial income | 75/76B | €9,101 | €126,912 | +€117,811 | +1294.5% |
| Recurring financial income | 75 | €9,101 | €10,606 | +€1,505 | +16.5% |
| Non-recurring financial income | 76B | - | €116,306 | +€116,306 | |
| Financial charges | 65/66B | €7,648 | €7,380 | -€268 | -3.5% |
| Recurring financial charges | 65 | €6,834 | €7,380 | +€546 | +8.0% |
| Non-recurring financial charges | 66B | €814 | €0 | -€814 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €142,270 | -€139,381 | -€281,650 | |
| Income taxes | 67/77 | €36,306 | €499 | -€35,807 | -98.6% |
| Profit (loss) for the period | 9904 | €105,964 | -€139,879 | -€245,843 | |
| Profit (loss) for the period to be appropriated | 9905 | €105,964 | -€139,879 | -€245,843 |
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 6 October 2026 via checked.be.