Jokri-Bel: 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.
Jokri-Bel
Largest movements
- Receivables within one year -€378,310
down €378,310 (-88.9%), from €425,378 to €47,068
of which Other amounts receivable: -€365,878
- Cash +€357,575
up €357,575 (+111%), from €323,287 to €680,862
mainly Receivables within one year (+€378,310) and Depreciation (+€64,139)
- Trade debts -€90,860
down €90,860 (-94.1%), from €96,516 to €5,656
- Profit (loss) carried forward +€57,693
up €57,693 (+19.6%), from €294,320 to €352,013
- Financial income -€337,595
down €337,595 (-95.0%), from €355,260 to €17,665
of which Non-recurring financial income: -€335,689
- Taxes -€70,904
down €70,904, from €51,754 to -€19,150
- Gross operating margin +€15,048
up €15,048 (+15.2%), from €99,208 to €114,256
- Other operating charges +€9,845
up €9,845 (+92.4%), from €10,650 to €20,495
- Depreciation +€6,681
up €6,681 (+11.6%), from €57,458 to €64,139
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,824,295 | €2,795,593 | -€28,702 | -1.0% |
| Fixed assets | 21/28 | €2,075,630 | €2,067,663 | -€7,967 | -0.4% |
| Tangible fixed assets | 22/27 | €2,075,630 | €2,067,663 | -€7,967 | -0.4% |
| Land and buildings | 22 | €2,075,630 | €2,052,663 | -€22,967 | -1.1% |
| Assets under construction and advance payments | 27 | - | €15,000 | +€15,000 | |
| Current assets | 29/58 | €748,665 | €727,930 | -€20,735 | -2.8% |
| Amounts receivable within one year | 40/41 | €425,378 | €47,068 | -€378,310 | -88.9% |
| Trade receivables | 40 | €25,378 | €12,946 | -€12,432 | -49.0% |
| Other amounts receivable | 41 | €400,000 | €34,122 | -€365,878 | -91.5% |
| Cash at bank and in hand | 54/58 | €323,287 | €680,862 | +€357,575 | +111% |
| Total equity and liabilities | 10/49 | €2,824,295 | €2,795,593 | -€28,702 | -1.0% |
| Equity | 10/15 | €2,282,865 | €2,340,558 | +€57,693 | +2.5% |
| Contributions | 10/11 | €1,984,500 | €1,984,500 | = | 0.0% |
| Capital | 10 | €1,984,500 | - | -€2.0m | |
| Issued capital | 100 | €1,984,500 | - | -€2.0m | |
| Reserves | 13 | €4,045 | €4,045 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,045 | - | -€4,045 | |
| Legal reserve | 130 | €4,045 | - | -€4,045 | |
| Distributable reserves | 133 | - | €4,045 | +€4,045 | |
| Profit (loss) carried forward | 14 | €294,320 | €352,013 | +€57,693 | +19.6% |
| Amounts payable | 17/49 | €541,430 | €455,035 | -€86,395 | -16.0% |
| Amounts payable within one year | 42/48 | €541,430 | €455,035 | -€86,395 | -16.0% |
| Financial debts | 43 | €432,445 | €441,094 | +€8,649 | +2.0% |
| Other loans | 439 | €432,445 | €441,094 | +€8,649 | +2.0% |
| Trade debts | 44 | €96,516 | €5,656 | -€90,860 | -94.1% |
| Suppliers | 440/4 | €96,516 | €5,656 | -€90,860 | -94.1% |
| Advances received on contracts in progress | 46 | €7,751 | - | -€7,751 | |
| Taxes, remuneration and social security | 45 | €1,015 | €8,285 | +€7,270 | +716% |
| Taxes | 450/3 | €1,015 | €8,285 | +€7,270 | +716% |
| Other amounts payable | 47/48 | €3,703 | - | -€3,703 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,458 | €64,139 | +€6,681 | +11.6% |
| Other operating charges | 640/8 | €10,650 | €20,495 | +€9,845 | +92.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €99,208 | €114,256 | +€15,048 | +15.2% |
| Operating profit (loss) | 9901 | €31,100 | €29,622 | -€1,478 | -4.8% |
| Financial income | 75/76B | €355,260 | €17,665 | -€337,595 | -95.0% |
| Recurring financial income | 75 | €5,264 | €3,358 | -€1,906 | -36.2% |
| Non-recurring financial income | 76B | €349,996 | €14,307 | -€335,689 | -95.9% |
| Financial charges | 65/66B | €15,382 | €8,744 | -€6,638 | -43.2% |
| Recurring financial charges | 65 | €15,382 | €8,744 | -€6,638 | -43.2% |
| Profit (loss) for the period before taxes | 9903 | €370,978 | €38,543 | -€332,435 | -89.6% |
| Income taxes | 67/77 | €51,754 | -€19,150 | -€70,904 | |
| Profit (loss) for the period | 9904 | €319,224 | €57,693 | -€261,531 | -81.9% |
| Profit (loss) for the period to be appropriated | 9905 | €319,224 | €57,693 | -€261,531 | -81.9% |
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 22 October 2026 via checked.be.