Jor-EL: 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-EL
Largest movements
- Cash +€13,055
up €13,055 (+32.5%), from €40,214 to €53,269
mainly Net result for the year (+€10,123) and Trade debts (+€2,205)
- Receivables within one year +€1,979
up €1,979 (+9.7%), from €20,422 to €22,402
of which Trade receivables: +€3,506
- Reserves +€10,123
up €10,123 (+19.6%), from €51,776 to €61,899
- Trade debts +€2,205
up €2,205 (+114.5%), from €1,925 to €4,130
- Other debts +€1,812
up €1,812 (+69.8%), from €2,595 to €4,407
- Gross operating margin +€11,723
up €11,723 (+205.6%), from €5,702 to €17,425
- Taxes +€3,167
up €3,167 (+325.2%), from €974 to €4,140
- Other operating charges +€1,033
up €1,033 (+87.1%), from €1,187 to €2,221
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 | €61,414 | €75,879 | +€14,465 | +23.6% |
| Fixed assets | 21/28 | €354 | - | -€354 | |
| Tangible fixed assets | 22/27 | €354 | - | -€354 | |
| Furniture and vehicles | 24 | €354 | - | -€354 | |
| Current assets | 29/58 | €61,060 | €75,879 | +€14,819 | +24.3% |
| Amounts receivable within one year | 40/41 | €20,422 | €22,402 | +€1,979 | +9.7% |
| Trade receivables | 40 | €18,896 | €22,402 | +€3,506 | +18.6% |
| Other amounts receivable | 41 | €1,526 | - | -€1,526 | |
| Cash at bank and in hand | 54/58 | €40,214 | €53,269 | +€13,055 | +32.5% |
| Deferred charges and accrued income | 490/1 | €424 | €208 | -€216 | -51.0% |
| Total equity and liabilities | 10/49 | €61,414 | €75,879 | +€14,465 | +23.6% |
| Equity | 10/15 | €53,776 | €63,899 | +€10,123 | +18.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Contributions outside capital | 11 | €2,000 | €2,000 | = | 0.0% |
| Other | 1109/19 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €51,776 | €61,899 | +€10,123 | +19.6% |
| Distributable reserves | 133 | €51,776 | €61,899 | +€10,123 | +19.6% |
| Amounts payable | 17/49 | €7,639 | €11,980 | +€4,341 | +56.8% |
| Amounts payable within one year | 42/48 | €7,183 | €11,569 | +€4,386 | +61.1% |
| Trade debts | 44 | €1,925 | €4,130 | +€2,205 | +114.5% |
| Suppliers | 440/4 | €1,925 | €4,130 | +€2,205 | +114.5% |
| Taxes, remuneration and social security | 45 | €2,663 | €3,033 | +€370 | +13.9% |
| Taxes | 450/3 | €2,663 | €3,033 | +€370 | +13.9% |
| Other amounts payable | 47/48 | €2,595 | €4,407 | +€1,812 | +69.8% |
| Accrued charges and deferred income | 492/3 | €456 | €410 | -€45 | -9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €407 | €354 | -€53 | -13.1% |
| Other operating charges | 640/8 | €1,187 | €2,221 | +€1,033 | +87.1% |
| Gross operating margin | 9900 | €5,702 | €17,425 | +€11,723 | +205.6% |
| Operating profit (loss) | 9901 | €4,108 | €14,851 | +€10,743 | +261.5% |
| Financial charges | 65/66B | €740 | €587 | -€153 | -20.7% |
| Recurring financial charges | 65 | €740 | €587 | -€153 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | €3,368 | €14,264 | +€10,896 | +323.6% |
| Income taxes | 67/77 | €974 | €4,140 | +€3,167 | +325.2% |
| Profit (loss) for the period | 9904 | €2,394 | €10,123 | +€7,729 | +322.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,394 | €10,123 | +€7,729 | +322.9% |
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.