JOLICOR: 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.
JOLICOR
Largest movements
- Stocks and contracts -€5,851
down €5,851 (-4.5%), from €131,121 to €125,270
- Receivables within one year +€5,151
up €5,151 (+5.2%), from €99,488 to €104,639
- Cash +€4,360
up €4,360 (+9.4%), from €46,233 to €50,593
mainly Net result for the year (+€12,929) and Stocks and contracts (+€5,851)
- Reserves +€12,929
up €12,929 (+5.7%), from €226,805 to €239,733
- Other debts -€4,920
down €4,920 (-100.0%), from €4,920 to €0
- Accrued charges and deferred income -€3,900
down €3,900 (-100.0%), from €3,900 to €0
- Staff costs +€7,322
up €7,322 (+46.3%), from €15,800 to €23,122
- Gross operating margin -€6,213
down €6,213 (-13.9%), from €44,744 to €38,531
- Taxes -€3,627
down €3,627 (-37.1%), from €9,766 to €6,139
- Depreciation -€1,555
down €1,555 (-32.6%), from €4,770 to €3,216
- Financial income -€957
down €957 (-9.3%), from €10,250 to €9,293
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 | €288,719 | €293,646 | +€4,927 | +1.7% |
| Fixed assets | 21/28 | €11,000 | €9,630 | -€1,370 | -12.5% |
| Intangible fixed assets | 21 | €2,009 | €275 | -€1,734 | -86.3% |
| Tangible fixed assets | 22/27 | €8,791 | €8,655 | -€136 | -1.5% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €8,791 | €8,655 | -€136 | -1.5% |
| Financial fixed assets | 28 | €200 | €700 | +€500 | +250.0% |
| Current assets | 29/58 | €277,718 | €284,015 | +€6,297 | +2.3% |
| Stocks and contracts in progress | 3 | €131,121 | €125,270 | -€5,851 | -4.5% |
| Stocks | 30/36 | €131,121 | €125,270 | -€5,851 | -4.5% |
| Amounts receivable within one year | 40/41 | €99,488 | €104,639 | +€5,151 | +5.2% |
| Other amounts receivable | 41 | €99,488 | €104,639 | +€5,151 | +5.2% |
| Current investments | 50/53 | €476 | €2,979 | +€2,503 | +525.4% |
| Cash at bank and in hand | 54/58 | €46,233 | €50,593 | +€4,360 | +9.4% |
| Deferred charges and accrued income | 490/1 | €399 | €534 | +€135 | +33.7% |
| Total equity and liabilities | 10/49 | €288,719 | €293,646 | +€4,927 | +1.7% |
| Equity | 10/15 | €245,397 | €258,325 | +€12,929 | +5.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €226,805 | €239,733 | +€12,929 | +5.7% |
| Distributable reserves | 133 | €226,805 | €239,733 | +€12,929 | +5.7% |
| Amounts payable | 17/49 | €43,322 | €35,320 | -€8,002 | -18.5% |
| Amounts payable within one year | 42/48 | €39,422 | €35,320 | -€4,102 | -10.4% |
| Trade debts | 44 | €22,309 | €20,906 | -€1,402 | -6.3% |
| Suppliers | 440/4 | €22,309 | €20,906 | -€1,402 | -6.3% |
| Taxes, remuneration and social security | 45 | €12,193 | €14,414 | +€2,221 | +18.2% |
| Taxes | 450/3 | €9,238 | €10,529 | +€1,291 | +14.0% |
| Remuneration and social security | 454/9 | €2,956 | €3,886 | +€930 | +31.5% |
| Other amounts payable | 47/48 | €4,920 | €0 | -€4,920 | -100.0% |
| Accrued charges and deferred income | 492/3 | €3,900 | €0 | -€3,900 | -100.0% |
| Remuneration, social security and pensions | 62 | €15,800 | €23,122 | +€7,322 | +46.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,770 | €3,216 | -€1,555 | -32.6% |
| Other operating charges | 640/8 | €608 | €1,382 | +€774 | +127.2% |
| Gross operating margin | 9900 | €44,744 | €38,531 | -€6,213 | -13.9% |
| Operating profit (loss) | 9901 | €23,565 | €10,811 | -€12,754 | -54.1% |
| Financial income | 75/76B | €10,250 | €9,293 | -€957 | -9.3% |
| Recurring financial income | 75 | €10,250 | €9,293 | -€957 | -9.3% |
| Financial charges | 65/66B | €1,528 | €1,036 | -€492 | -32.2% |
| Recurring financial charges | 65 | €1,528 | €1,036 | -€492 | -32.2% |
| Profit (loss) for the period before taxes | 9903 | €32,287 | €19,068 | -€13,219 | -40.9% |
| Income taxes | 67/77 | €9,766 | €6,139 | -€3,627 | -37.1% |
| Profit (loss) for the period | 9904 | €22,521 | €12,929 | -€9,592 | -42.6% |
| Profit (loss) for the period to be appropriated | 9905 | €22,521 | €12,929 | -€9,592 | -42.6% |
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 11 October 2026 via checked.be.