JOLMAR: 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.
JOLMAR
Largest movements
- Tangible fixed assets +€47,445
up €47,445 (+13.7%), from €345,671 to €393,116
of which Land and buildings: +€50,701
- Cash -€16,780
down €16,780 (-9.9%), from €169,392 to €152,612
mainly Investment in fixed assets (net) (-€73,427) and Receivables within one year (-€15,232)
- Receivables within one year +€15,232
up €15,232 (+35.7%), from €42,627 to €57,860
of which Other amounts receivable: +€16,432
- Reserves +€35,817
up €35,817 (+11.8%), from €302,471 to €338,288
of which Distributable reserves: +€37,677
- Tax, wage and social debts -€6,384
down €6,384 (-37.6%), from €16,966 to €10,581
of which Taxes: -€6,515
- Gross operating margin -€29,243
down €29,243 (-18.4%), from €158,927 to €129,684
- Taxes -€11,746
down €11,746 (-48.9%), from €24,033 to €12,286
- Other operating charges +€3,240
up €3,240 (+103.9%), from €3,119 to €6,359
- Depreciation +€1,754
up €1,754 (+7.2%), from €24,228 to €25,982
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 | €561,109 | €605,798 | +€44,689 | +8.0% |
| Fixed assets | 21/28 | €345,996 | €393,442 | +€47,445 | +13.7% |
| Tangible fixed assets | 22/27 | €345,671 | €393,116 | +€47,445 | +13.7% |
| Land and buildings | 22 | €335,116 | €385,817 | +€50,701 | +15.1% |
| Plant, machinery and equipment | 23 | €10,282 | €7,275 | -€3,007 | -29.2% |
| Furniture and vehicles | 24 | €274 | €25 | -€249 | -90.9% |
| Financial fixed assets | 28 | €325 | €325 | = | 0.0% |
| Current assets | 29/58 | €215,113 | €212,357 | -€2,756 | -1.3% |
| Amounts receivable within one year | 40/41 | €42,627 | €57,860 | +€15,232 | +35.7% |
| Trade receivables | 40 | €1,200 | €0 | -€1,200 | -100.0% |
| Other amounts receivable | 41 | €41,428 | €57,860 | +€16,432 | +39.7% |
| Cash at bank and in hand | 54/58 | €169,392 | €152,612 | -€16,780 | -9.9% |
| Deferred charges and accrued income | 490/1 | €3,094 | €1,885 | -€1,209 | -39.1% |
| Total equity and liabilities | 10/49 | €561,109 | €605,798 | +€44,689 | +8.0% |
| Equity | 10/15 | €308,671 | €344,488 | +€35,817 | +11.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €302,471 | €338,288 | +€35,817 | +11.8% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €300,611 | €338,288 | +€37,677 | +12.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €252,438 | €261,310 | +€8,872 | +3.5% |
| Amounts payable after more than one year | 17 | €199,600 | €205,621 | +€6,021 | +3.0% |
| Financial debts | 170/4 | €199,600 | €205,621 | +€6,021 | +3.0% |
| Amounts payable within one year | 42/48 | €49,019 | €52,903 | +€3,885 | +7.9% |
| Current portion of amounts payable after more than one year | 42 | €25,194 | €31,017 | +€5,823 | +23.1% |
| Trade debts | 44 | €6,860 | €11,306 | +€4,446 | +64.8% |
| Suppliers | 440/4 | €6,860 | €11,306 | +€4,446 | +64.8% |
| Taxes, remuneration and social security | 45 | €16,966 | €10,581 | -€6,384 | -37.6% |
| Taxes | 450/3 | €10,189 | €3,675 | -€6,515 | -63.9% |
| Remuneration and social security | 454/9 | €6,776 | €6,906 | +€130 | +1.9% |
| Accrued charges and deferred income | 492/3 | €3,819 | €2,785 | -€1,034 | -27.1% |
| Non-recurring operating income | 76A | €7,036 | €0 | -€7,036 | -100.0% |
| Remuneration, social security and pensions | 62 | €32,468 | €31,302 | -€1,167 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,228 | €25,982 | +€1,754 | +7.2% |
| Other operating charges | 640/8 | €3,119 | €6,359 | +€3,240 | +103.9% |
| Non-recurring operating charges | 66A | - | €4,717 | +€4,717 | |
| Gross operating margin | 9900 | €158,927 | €129,684 | -€29,243 | -18.4% |
| Operating profit (loss) | 9901 | €99,112 | €61,324 | -€37,788 | -38.1% |
| Financial income | 75/76B | €156 | €564 | +€408 | +262.6% |
| Recurring financial income | 75 | €156 | €564 | +€408 | +262.6% |
| Financial charges | 65/66B | €12,204 | €13,785 | +€1,580 | +12.9% |
| Recurring financial charges | 65 | €12,204 | €13,785 | +€1,580 | +12.9% |
| Profit (loss) for the period before taxes | 9903 | €87,063 | €48,104 | -€38,960 | -44.7% |
| Income taxes | 67/77 | €24,033 | €12,286 | -€11,746 | -48.9% |
| Profit (loss) for the period | 9904 | €63,031 | €35,817 | -€27,214 | -43.2% |
| Profit (loss) for the period to be appropriated | 9905 | €63,031 | €35,817 | -€27,214 | -43.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.