JOLECTRO: 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.
JOLECTRO
Largest movements
- Cash -€59,937
down €59,937 (-54.4%), from €110,238 to €50,301
mainly Contributions, distributions and other (-€45,000) and Receivables within one year (-€37,068)
- Receivables within one year +€37,068
up €37,068 (+122%), from €30,501 to €67,570
of which Trade receivables: +€36,258
- Tangible fixed assets +€22,329
up €22,329 (+202%), from €11,035 to €33,364
of which Land and buildings: +€25,806
- Stocks and contracts +€3,283
up €3,283 (+28.1%), from €11,663 to €14,946
- Reserves -€34,505
down €34,505 (-15.7%), from €220,035 to €185,530
- Trade debts +€16,822
up €16,822 (+201%), from €8,350 to €25,171
- Advances received +€14,711
new in 2025: €14,711
- Other debts +€4,453
up €4,453, from €0 to €4,453
- Gross operating margin -€18,099
down €18,099 (-46.1%), from €39,292 to €21,192
- Depreciation -€5,446
down €5,446 (-46.3%), from €11,754 to €6,308
- Taxes -€4,674
down €4,674 (-53.6%), from €8,719 to €4,045
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 | €246,984 | €249,553 | +€2,568 | +1.0% |
| Fixed assets | 21/28 | €11,080 | €33,409 | +€22,329 | +202% |
| Tangible fixed assets | 22/27 | €11,035 | €33,364 | +€22,329 | +202% |
| Land and buildings | 22 | €3,041 | €28,848 | +€25,806 | +849% |
| Furniture and vehicles | 24 | €7,994 | €4,516 | -€3,478 | -43.5% |
| Financial fixed assets | 28 | €45 | €45 | = | 0.0% |
| Current assets | 29/58 | €235,905 | €216,144 | -€19,760 | -8.4% |
| Stocks and contracts in progress | 3 | €11,663 | €14,946 | +€3,283 | +28.1% |
| Stocks | 30/36 | €11,663 | €14,946 | +€3,283 | +28.1% |
| Amounts receivable within one year | 40/41 | €30,501 | €67,570 | +€37,068 | +122% |
| Trade receivables | 40 | €14,299 | €50,557 | +€36,258 | +254% |
| Other amounts receivable | 41 | €16,203 | €17,012 | +€810 | +5.0% |
| Current investments | 50/53 | €81,367 | €81,453 | +€86 | +0.1% |
| Cash at bank and in hand | 54/58 | €110,238 | €50,301 | -€59,937 | -54.4% |
| Deferred charges and accrued income | 490/1 | €2,135 | €1,875 | -€259 | -12.2% |
| Total equity and liabilities | 10/49 | €246,984 | €249,553 | +€2,568 | +1.0% |
| Equity | 10/15 | €238,635 | €204,130 | -€34,505 | -14.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €220,035 | €185,530 | -€34,505 | -15.7% |
| Distributable reserves | 133 | €220,035 | €185,530 | -€34,505 | -15.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €8,350 | €45,423 | +€37,073 | +444% |
| Amounts payable within one year | 42/48 | €8,350 | €45,423 | +€37,073 | +444% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €8,350 | €25,171 | +€16,822 | +201% |
| Suppliers | 440/4 | €8,350 | €25,171 | +€16,822 | +201% |
| Advances received on contracts in progress | 46 | - | €14,711 | +€14,711 | |
| Taxes, remuneration and social security | 45 | €0 | €1,089 | +€1,089 | |
| Taxes | 450/3 | €0 | €1,089 | +€1,089 | |
| Other amounts payable | 47/48 | €0 | €4,453 | +€4,453 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,754 | €6,308 | -€5,446 | -46.3% |
| Other operating charges | 640/8 | €436 | €303 | -€133 | -30.4% |
| Gross operating margin | 9900 | €39,292 | €21,192 | -€18,099 | -46.1% |
| Operating profit (loss) | 9901 | €27,102 | €14,581 | -€12,521 | -46.2% |
| Financial income | 75/76B | €192 | €138 | -€55 | -28.3% |
| Recurring financial income | 75 | €192 | €138 | -€55 | -28.3% |
| Financial charges | 65/66B | €179 | €179 | +€0 | +0.2% |
| Recurring financial charges | 65 | €179 | €179 | +€0 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €27,116 | €14,540 | -€12,576 | -46.4% |
| Income taxes | 67/77 | €8,719 | €4,045 | -€4,674 | -53.6% |
| Profit (loss) for the period | 9904 | €18,397 | €10,495 | -€7,902 | -43.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,397 | €10,495 | -€7,902 | -43.0% |
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 14 October 2026 via checked.be.