JOLESICO: 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.
What changed
JOLESICO
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€152,408
2024 · €146,591+€5,817
Equity
€1.4m
2024 · €1.2m+€151,549
Cash
€117,671
2024 · €87,453+€30,218
Balance sheet total
€2.6m
2024 · €2.5m+€81,180
Largest movements
Assets
- Receivables within one year +€53,991
up €53,991 (+35.1%), from €153,975 to €207,966
of which Other amounts receivable: +€54,774
- Cash +€30,218
up €30,218 (+34.6%), from €87,453 to €117,671
mainly Net result for the year (+€152,408) and Current portion of long-term debt (+€10,000)
Equity and liabilities
- Reserves +€151,549
up €151,549 (+12.6%), from €1.2m to €1.4m
- Debts after one year -€81,111
down €81,111 (-8.0%), from €1.0m to €932,222
Income statement
- Gross operating margin +€5,198
up €5,198 (+1.9%), from €276,056 to €281,253
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.
Result 2024
€146,591
Gross operating margin
+€5,198
Other operating charges
+€4
Financial income
+€606
Financial charges
+€1,629
Taxes
-€1,618
Result 2025
€152,408
raises the resultlowers the result
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.
From operations
+€99,493
Investment
€0
Financing
-€69,275
Cash 2024
€87,453
From operations (derived)
+€99,493
Net result for the year
+€152,408
Depreciation
+€1,389
Receivables within one year
-€53,991
Deferred charges and accrued income
+€1,641
Trade debts
-€1,024
Tax, wage and social debts
+€3,927
Other debts
+€2,037
Accrued charges and deferred income
-€6,892
Financing
-€69,275
Debts after one year
-€81,111
Current portion of long-term debt
+€10,000
Short-term financial debts
+€2,695
Contributions, distributions and other
-€859
Cash 2025
€117,671
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,474,799 | €2,555,978 | +€81,180 | +3.3% |
| Fixed assets | 21/28 | €2,230,766 | €2,229,378 | -€1,389 | -0.1% |
| Tangible fixed assets | 22/27 | €1,838 | €449 | -€1,389 | -75.6% |
| Furniture and vehicles | 24 | €1,838 | €449 | -€1,389 | -75.6% |
| Financial fixed assets | 28 | €2,228,929 | €2,228,929 | = | 0.0% |
| Current assets | 29/58 | €244,032 | €326,600 | +€82,568 | +33.8% |
| Amounts receivable within one year | 40/41 | €153,975 | €207,966 | +€53,991 | +35.1% |
| Trade receivables | 40 | €783 | €0 | -€783 | -100% |
| Other amounts receivable | 41 | €153,192 | €207,966 | +€54,774 | +35.8% |
| Cash at bank and in hand | 54/58 | €87,453 | €117,671 | +€30,218 | +34.6% |
| Deferred charges and accrued income | 490/1 | €2,604 | €964 | -€1,641 | -63.0% |
| Total equity and liabilities | 10/49 | €2,474,799 | €2,555,978 | +€81,180 | +3.3% |
| Equity | 10/15 | €1,225,073 | €1,376,622 | +€151,549 | +12.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,206,473 | €1,358,022 | +€151,549 | +12.6% |
| Distributable reserves | 133 | €1,206,473 | €1,358,022 | +€151,549 | +12.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,249,726 | €1,179,357 | -€70,369 | -5.6% |
| Amounts payable after more than one year | 17 | €1,013,333 | €932,222 | -€81,111 | -8.0% |
| Financial debts | 170/4 | €1,013,333 | €932,222 | -€81,111 | -8.0% |
| Amounts payable within one year | 42/48 | €224,261 | €241,896 | +€17,634 | +7.9% |
| Current portion of amounts payable after more than one year | 42 | €71,111 | €81,111 | +€10,000 | +14.1% |
| Financial debts | 43 | €14,187 | €16,882 | +€2,695 | +19.0% |
| Credit institutions | 430/8 | €14,187 | €16,882 | +€2,695 | +19.0% |
| Trade debts | 44 | €2,915 | €1,891 | -€1,024 | -35.1% |
| Suppliers | 440/4 | €2,915 | €1,891 | -€1,024 | -35.1% |
| Taxes, remuneration and social security | 45 | €76,698 | €80,625 | +€3,927 | +5.1% |
| Taxes | 450/3 | €74,446 | €78,373 | +€3,927 | +5.3% |
| Remuneration and social security | 454/9 | €2,252 | €2,252 | = | 0.0% |
| Other amounts payable | 47/48 | €59,350 | €61,387 | +€2,037 | +3.4% |
| Accrued charges and deferred income | 492/3 | €12,131 | €5,239 | -€6,892 | -56.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,389 | €1,389 | = | 0.0% |
| Other operating charges | 640/8 | €1,756 | €1,752 | -€4 | -0.2% |
| Gross operating margin | 9900 | €276,056 | €281,253 | +€5,198 | +1.9% |
| Operating profit (loss) | 9901 | €272,911 | €278,113 | +€5,201 | +1.9% |
| Financial income | 75/76B | €1,202 | €1,808 | +€606 | +50.4% |
| Recurring financial income | 75 | €1,202 | €1,808 | +€606 | +50.4% |
| Financial charges | 65/66B | €57,479 | €55,850 | -€1,629 | -2.8% |
| Recurring financial charges | 65 | €57,479 | €55,850 | -€1,629 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €216,635 | €224,071 | +€7,435 | +3.4% |
| Income taxes | 67/77 | €70,044 | €71,663 | +€1,618 | +2.3% |
| Profit (loss) for the period | 9904 | €146,591 | €152,408 | +€5,817 | +4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €146,591 | €152,408 | +€5,817 | +4.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.