JOLAN-GT: 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.
JOLAN-GT
Largest movements
- Current investments +€300,851
new in 2025: €300,851
- Cash -€144,668
down €144,668 (-74.7%), from €193,671 to €49,003
mainly Current investments (-€300,851) and Debts after one year (-€247,805)
- Tangible fixed assets -€123,858
down €123,858 (-2.9%), from €4.3m to €4.2m
of which Land and buildings: -€113,040
- Deferred charges and accrued income -€60,099
down €60,099 (-88.3%), from €68,033 to €7,934
- Debts after one year -€247,805
down €247,805 (-9.3%), from €2.7m to €2.4m
- Reserves +€216,197
up €216,197 (+31.1%), from €694,085 to €910,283
of which Distributable reserves: +€153,047
- Accrued charges and deferred income -€51,869
down €51,869 (-100%), from €51,869 to €0
- Gross operating margin +€148,015
up €148,015 (+30.7%), from €482,070 to €630,085
- Taxes +€52,385
up €52,385 (+160%), from €32,642 to €85,026
- Depreciation -€7,882
down €7,882 (-4.1%), from €191,630 to €183,748
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 | €4,644,314 | €4,597,517 | -€46,796 | -1.0% |
| Fixed assets | 21/28 | €4,308,147 | €4,184,288 | -€123,858 | -2.9% |
| Tangible fixed assets | 22/27 | €4,308,147 | €4,184,288 | -€123,858 | -2.9% |
| Land and buildings | 22 | €4,264,611 | €4,151,571 | -€113,040 | -2.7% |
| Plant, machinery and equipment | 23 | €38,803 | €3,010 | -€35,793 | -92.2% |
| Furniture and vehicles | 24 | €4,733 | €2,779 | -€1,953 | -41.3% |
| Other tangible fixed assets | 26 | - | €26,928 | +€26,928 | |
| Current assets | 29/58 | €336,167 | €413,229 | +€77,062 | +22.9% |
| Amounts receivable within one year | 40/41 | €74,463 | €55,442 | -€19,021 | -25.5% |
| Trade receivables | 40 | €12,023 | €34,668 | +€22,645 | +188% |
| Other amounts receivable | 41 | €62,440 | €20,774 | -€41,666 | -66.7% |
| Current investments | 50/53 | - | €300,851 | +€300,851 | |
| Cash at bank and in hand | 54/58 | €193,671 | €49,003 | -€144,668 | -74.7% |
| Deferred charges and accrued income | 490/1 | €68,033 | €7,934 | -€60,099 | -88.3% |
| Total equity and liabilities | 10/49 | €4,644,314 | €4,597,517 | -€46,796 | -1.0% |
| Equity | 10/15 | €1,112,685 | €1,328,883 | +€216,197 | +19.4% |
| Contributions | 10/11 | €418,600 | €418,600 | = | 0.0% |
| Reserves | 13 | €694,085 | €910,283 | +€216,197 | +31.1% |
| Tax-exempt reserves | 132 | €84,200 | €147,350 | +€63,150 | +75.0% |
| Distributable reserves | 133 | €609,885 | €762,933 | +€153,047 | +25.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €3,531,628 | €3,268,634 | -€262,994 | -7.4% |
| Amounts payable after more than one year | 17 | €2,651,893 | €2,404,088 | -€247,805 | -9.3% |
| Financial debts | 170/4 | €2,651,893 | €2,404,088 | -€247,805 | -9.3% |
| Amounts payable within one year | 42/48 | €827,867 | €864,546 | +€36,680 | +4.4% |
| Current portion of amounts payable after more than one year | 42 | €239,434 | €252,366 | +€12,931 | +5.4% |
| Trade debts | 44 | €3,278 | €26,388 | +€23,111 | +705% |
| Suppliers | 440/4 | €3,278 | €26,388 | +€23,111 | +705% |
| Taxes, remuneration and social security | 45 | €2,948 | €24,374 | +€21,426 | +727% |
| Taxes | 450/3 | €2,948 | €24,374 | +€21,426 | +727% |
| Other amounts payable | 47/48 | €582,207 | €561,418 | -€20,789 | -3.6% |
| Accrued charges and deferred income | 492/3 | €51,869 | €0 | -€51,869 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €191,630 | €183,748 | -€7,882 | -4.1% |
| Other operating charges | 640/8 | €2,140 | €4,015 | +€1,875 | +87.6% |
| Gross operating margin | 9900 | €482,070 | €630,085 | +€148,015 | +30.7% |
| Operating profit (loss) | 9901 | €288,300 | €442,322 | +€154,022 | +53.4% |
| Financial income | 75/76B | €610 | €4,580 | +€3,970 | +650% |
| Recurring financial income | 75 | €610 | €4,580 | +€3,970 | +650% |
| Financial charges | 65/66B | €148,120 | €145,679 | -€2,441 | -1.6% |
| Recurring financial charges | 65 | €148,120 | €145,679 | -€2,441 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €140,791 | €301,224 | +€160,433 | +114% |
| Income taxes | 67/77 | €32,642 | €85,026 | +€52,385 | +160% |
| Profit (loss) for the period | 9904 | €108,149 | €216,197 | +€108,049 | +99.9% |
| Transfer to tax-exempt reserves | 689 | €84,200 | €63,150 | -€21,050 | -25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,949 | €153,047 | +€129,099 | +539% |
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 16 October 2026 via checked.be.