JOR ART: 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.
JOR ART
Largest movements
- Receivables within one year +€28,154
up €28,154 (+48.6%), from €57,937 to €86,092
of which Trade receivables: +€32,641
- Cash +€22,077
up €22,077 (+21,604%), from €102 to €22,179
mainly Trade debts (+€24,576) and Net result for the year (+€15,467)
- Tangible fixed assets -€5,718
down €5,718 (-56.5%), from €10,124 to €4,405
of which Furniture and vehicles: -€4,583
- Stocks and contracts -€1,872
down €1,872 (-100%), from €1,872 to €0
- Trade debts +€24,576
up €24,576 (+128%), from €19,126 to €43,702
- Profit (loss) carried forward +€15,467
up €15,467 (+124%), from €12,426 to €27,893
- Other debts +€7,723
up €7,723 (+48.5%), from €15,923 to €23,646
- Tax, wage and social debts -€4,591
down €4,591 (-21.9%), from €20,983 to €16,392
of which Remuneration and social security: -€2,900
- Gross operating margin +€25,605
up €25,605 (+5,958%), from €430 to €26,034
- Taxes +€2,109
up €2,109 (+756%), from €279 to €2,388
- Depreciation -€1,130
down €1,130 (-14.4%), from €7,862 to €6,733
- Other operating charges +€322
up €322 (+56.5%), from €570 to €892
- Financial charges +€313
up €313 (+142%), from €219 to €532
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 | €70,158 | €113,333 | +€43,175 | +61.5% |
| Fixed assets | 21/28 | €10,124 | €4,405 | -€5,718 | -56.5% |
| Tangible fixed assets | 22/27 | €10,124 | €4,405 | -€5,718 | -56.5% |
| Plant, machinery and equipment | 23 | €3,272 | €2,136 | -€1,135 | -34.7% |
| Furniture and vehicles | 24 | €6,852 | €2,269 | -€4,583 | -66.9% |
| Current assets | 29/58 | €60,035 | €108,928 | +€48,893 | +81.4% |
| Stocks and contracts in progress | 3 | €1,872 | €0 | -€1,872 | -100% |
| Stocks | 30/36 | €1,872 | €0 | -€1,872 | -100% |
| Amounts receivable within one year | 40/41 | €57,937 | €86,092 | +€28,154 | +48.6% |
| Trade receivables | 40 | €51,421 | €84,062 | +€32,641 | +63.5% |
| Other amounts receivable | 41 | €6,516 | €2,029 | -€4,487 | -68.9% |
| Cash at bank and in hand | 54/58 | €102 | €22,179 | +€22,077 | +21,604% |
| Deferred charges and accrued income | 490/1 | €124 | €657 | +€533 | +431% |
| Total equity and liabilities | 10/49 | €70,158 | €113,333 | +€43,175 | +61.5% |
| Equity | 10/15 | €14,126 | €29,593 | +€15,467 | +109% |
| Contributions | 10/11 | €1,700 | €1,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,426 | €27,893 | +€15,467 | +124% |
| Amounts payable | 17/49 | €56,032 | €83,740 | +€27,708 | +49.4% |
| Amounts payable within one year | 42/48 | €56,032 | €83,740 | +€27,708 | +49.4% |
| Trade debts | 44 | €19,126 | €43,702 | +€24,576 | +128% |
| Suppliers | 440/4 | €19,126 | €43,702 | +€24,576 | +128% |
| Taxes, remuneration and social security | 45 | €20,983 | €16,392 | -€4,591 | -21.9% |
| Taxes | 450/3 | €18,083 | €16,392 | -€1,691 | -9.4% |
| Remuneration and social security | 454/9 | €2,900 | €0 | -€2,900 | -100% |
| Other amounts payable | 47/48 | €15,923 | €23,646 | +€7,723 | +48.5% |
| Non-recurring operating income | 76A | - | €1,226 | +€1,226 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,862 | €6,733 | -€1,130 | -14.4% |
| Other operating charges | 640/8 | €570 | €892 | +€322 | +56.5% |
| Non-recurring operating charges | 66A | - | €24 | +€24 | |
| Gross operating margin | 9900 | €430 | €26,034 | +€25,605 | +5,958% |
| Operating profit (loss) | 9901 | -€8,002 | €18,386 | +€26,388 | |
| Financial income | 75/76B | €3 | €1 | -€2 | -70.9% |
| Recurring financial income | 75 | €3 | €1 | -€2 | -70.9% |
| Financial charges | 65/66B | €219 | €532 | +€313 | +142% |
| Recurring financial charges | 65 | €219 | €532 | +€313 | +142% |
| Profit (loss) for the period before taxes | 9903 | -€8,218 | €17,855 | +€26,073 | |
| Income taxes | 67/77 | €279 | €2,388 | +€2,109 | +756% |
| Profit (loss) for the period | 9904 | -€8,497 | €15,467 | +€23,964 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,497 | €15,467 | +€23,964 |
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 18 October 2026 via checked.be.