JOLA: 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.
JOLA
Largest movements
- Tangible fixed assets -€35,691
down €35,691 (-12.4%), from €288,422 to €252,731
of which Land and buildings: -€35,373
- Receivables within one year +€15,073
up €15,073 (+1107.8%), from €1,361 to €16,434
of which Trade receivables: +€14,207
- Cash +€9,412
up €9,412 (+12.8%), from €73,611 to €83,023
mainly Depreciation (+€35,691) and Trade debts (+€3,641)
- Reserves -€11,851
down €11,851 (-8.4%), from €141,206 to €129,355
of which Distributable reserves: -€11,851
- Trade debts +€3,641
up €3,641 (+551.8%), from €660 to €4,301
- Gross operating margin -€2,057
down €2,057 (-5.4%), from €37,787 to €35,730
- Financial income +€937
up €937 (+376.3%), from €249 to €1,186
- Other operating charges +€438
up €438 (+3.5%), from €12,435 to €12,873
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 | €363,592 | €352,386 | -€11,206 | -3.1% |
| Fixed assets | 21/28 | €288,621 | €252,929 | -€35,691 | -12.4% |
| Tangible fixed assets | 22/27 | €288,422 | €252,731 | -€35,691 | -12.4% |
| Land and buildings | 22 | €286,233 | €250,860 | -€35,373 | -12.4% |
| Plant, machinery and equipment | 23 | €2,189 | €1,871 | -€318 | -14.5% |
| Financial fixed assets | 28 | €198 | €198 | = | 0.0% |
| Current assets | 29/58 | €74,971 | €99,457 | +€24,485 | +32.7% |
| Amounts receivable within one year | 40/41 | €1,361 | €16,434 | +€15,073 | +1107.8% |
| Trade receivables | 40 | - | €14,207 | +€14,207 | |
| Other amounts receivable | 41 | €1,361 | €2,227 | +€866 | +63.7% |
| Cash at bank and in hand | 54/58 | €73,611 | €83,023 | +€9,412 | +12.8% |
| Total equity and liabilities | 10/49 | €363,592 | €352,386 | -€11,206 | -3.1% |
| Equity | 10/15 | €359,352 | €347,501 | -€11,851 | -3.3% |
| Contributions | 10/11 | €218,146 | €218,146 | = | 0.0% |
| Capital | 10 | €218,146 | €218,146 | = | 0.0% |
| Issued capital | 100 | €218,146 | €218,146 | = | 0.0% |
| Reserves | 13 | €141,206 | €129,355 | -€11,851 | -8.4% |
| Non-distributable reserves | 130/1 | €21,815 | €21,815 | = | 0.0% |
| Legal reserve | 130 | €21,815 | €21,815 | = | 0.0% |
| Distributable reserves | 133 | €119,391 | €107,540 | -€11,851 | -9.9% |
| Amounts payable | 17/49 | €4,240 | €4,885 | +€645 | +15.2% |
| Amounts payable within one year | 42/48 | €4,240 | €4,721 | +€482 | +11.4% |
| Trade debts | 44 | €660 | €4,301 | +€3,641 | +551.8% |
| Suppliers | 440/4 | €660 | €4,301 | +€3,641 | +551.8% |
| Advances received on contracts in progress | 46 | €3,580 | €420 | -€3,160 | -88.3% |
| Accrued charges and deferred income | 492/3 | - | €164 | +€164 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,396 | €35,691 | +€295 | +0.8% |
| Other operating charges | 640/8 | €12,435 | €12,873 | +€438 | +3.5% |
| Gross operating margin | 9900 | €37,787 | €35,730 | -€2,057 | -5.4% |
| Operating profit (loss) | 9901 | -€10,045 | -€12,834 | -€2,790 | -27.8% |
| Financial income | 75/76B | €249 | €1,186 | +€937 | +376.3% |
| Recurring financial income | 75 | €249 | €1,186 | +€937 | +376.3% |
| Financial charges | 65/66B | €36 | €204 | +€167 | +460.9% |
| Recurring financial charges | 65 | €36 | €204 | +€167 | +460.9% |
| Profit (loss) for the period before taxes | 9903 | -€9,832 | -€11,851 | -€2,020 | -20.5% |
| Profit (loss) for the period | 9904 | -€9,832 | -€11,851 | -€2,020 | -20.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,832 | -€11,851 | -€2,020 | -20.5% |
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.