JOLAN: 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.
JOLAN
Largest movements
- Cash +€424,634
up €424,634 (+94.4%), from €449,985 to €874,619
mainly Depreciation (+€412,814) and Net result for the year (+€260,132)
- Tangible fixed assets -€319,418
down €319,418 (-21.5%), from €1.5m to €1.2m
of which Other tangible fixed assets: -€254,789
- Receivables within one year -€142,914
down €142,914 (-62.6%), from €228,137 to €85,223
of which Trade receivables: -€138,697
- Stocks and contracts +€37,347
up €37,347 (+8.0%), from €464,320 to €501,667
- Reserves +€255,632
up €255,632 (+102.4%), from €249,593 to €505,225
- Current portion of long-term debt -€167,096
down €167,096 (-93.7%), from €178,376 to €11,280
- Debts after one year -€75,295
down €75,295 (-4.4%), from €1.7m to €1.6m
of which Financial debts: -€111,280
- Trade debts -€37,684
down €37,684 (-24.7%), from €152,463 to €114,779
- Gross operating margin +€226,217
up €226,217 (+22.6%), from €1.0m to €1.2m
- Taxes +€56,645
up €56,645 (+175.2%), from €32,329 to €88,974
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 | €2,638,830 | €2,634,618 | -€4,212 | -0.2% |
| Fixed assets | 21/28 | €1,488,657 | €1,169,239 | -€319,418 | -21.5% |
| Tangible fixed assets | 22/27 | €1,488,657 | €1,169,239 | -€319,418 | -21.5% |
| Plant, machinery and equipment | 23 | €155,340 | €64,598 | -€90,742 | -58.4% |
| Furniture and vehicles | 24 | €10,149 | €36,262 | +€26,113 | +257.3% |
| Other tangible fixed assets | 26 | €1,323,168 | €1,068,379 | -€254,789 | -19.3% |
| Current assets | 29/58 | €1,150,173 | €1,465,379 | +€315,206 | +27.4% |
| Stocks and contracts in progress | 3 | €464,320 | €501,667 | +€37,347 | +8.0% |
| Stocks | 30/36 | €464,320 | €501,667 | +€37,347 | +8.0% |
| Amounts receivable within one year | 40/41 | €228,137 | €85,223 | -€142,914 | -62.6% |
| Trade receivables | 40 | €223,921 | €85,223 | -€138,697 | -61.9% |
| Other amounts receivable | 41 | €4,216 | - | -€4,216 | |
| Cash at bank and in hand | 54/58 | €449,985 | €874,619 | +€424,634 | +94.4% |
| Deferred charges and accrued income | 490/1 | €7,730 | €3,870 | -€3,861 | -49.9% |
| Total equity and liabilities | 10/49 | €2,638,830 | €2,634,618 | -€4,212 | -0.2% |
| Equity | 10/15 | €349,593 | €605,225 | +€255,632 | +73.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €249,593 | €505,225 | +€255,632 | +102.4% |
| Distributable reserves | 133 | €249,593 | €505,225 | +€255,632 | +102.4% |
| Amounts payable | 17/49 | €2,289,237 | €2,029,393 | -€259,844 | -11.4% |
| Amounts payable after more than one year | 17 | €1,709,900 | €1,634,605 | -€75,295 | -4.4% |
| Financial debts | 170/4 | €392,578 | €281,298 | -€111,280 | -28.3% |
| Trade debts | 175 | €717,322 | €753,306 | +€35,984 | +5.0% |
| Other amounts payable | 178/9 | €600,000 | €600,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €565,538 | €361,830 | -€203,708 | -36.0% |
| Current portion of amounts payable after more than one year | 42 | €178,376 | €11,280 | -€167,096 | -93.7% |
| Trade debts | 44 | €152,463 | €114,779 | -€37,684 | -24.7% |
| Suppliers | 440/4 | €152,463 | €114,779 | -€37,684 | -24.7% |
| Taxes, remuneration and social security | 45 | €79,475 | €70,139 | -€9,336 | -11.7% |
| Taxes | 450/3 | €8,334 | €25,216 | +€16,881 | +202.5% |
| Remuneration and social security | 454/9 | €71,141 | €44,924 | -€26,217 | -36.9% |
| Other amounts payable | 47/48 | €155,224 | €165,632 | +€10,407 | +6.7% |
| Accrued charges and deferred income | 492/3 | €13,799 | €32,958 | +€19,159 | +138.8% |
| Remuneration, social security and pensions | 62 | €413,936 | €404,202 | -€9,734 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €401,656 | €412,814 | +€11,158 | +2.8% |
| Other operating charges | 640/8 | €1,490 | €1,539 | +€48 | +3.2% |
| Gross operating margin | 9900 | €1,001,710 | €1,227,927 | +€226,217 | +22.6% |
| Operating profit (loss) | 9901 | €184,627 | €409,373 | +€224,745 | +121.7% |
| Financial income | 75/76B | €2,584 | €1,328 | -€1,257 | -48.6% |
| Recurring financial income | 75 | €2,584 | €1,328 | -€1,257 | -48.6% |
| Financial charges | 65/66B | €66,189 | €61,594 | -€4,595 | -6.9% |
| Recurring financial charges | 65 | €66,189 | €61,594 | -€4,595 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | €121,022 | €349,106 | +€228,084 | +188.5% |
| Income taxes | 67/77 | €32,329 | €88,974 | +€56,645 | +175.2% |
| Profit (loss) for the period | 9904 | €88,694 | €260,132 | +€171,438 | +193.3% |
| Profit (loss) for the period to be appropriated | 9905 | €88,694 | €260,132 | +€171,438 | +193.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.