JORA: 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.
JORA
Largest movements
- Receivables within one year -€201,409
down €201,409 (-56.6%), from €355,627 to €154,218
of which Trade receivables: -€234,223
- Cash -€107,777
down €107,777 (-39.7%), from €271,430 to €163,653
mainly Contributions, distributions and other (-€195,549) and Tax, wage and social debts (-€132,184)
- Stocks and contracts -€54,922
down €54,922 (-46.8%), from €117,395 to €62,472
- Receivables after one year -€50,000
down €50,000 (-58.8%), from €85,000 to €35,000
- Tangible fixed assets +€24,091
up €24,091 (+338.8%), from €7,110 to €31,201
of which Furniture and vehicles: +€24,314
- Reserves -€195,549
down €195,549 (-48.3%), from €405,157 to €209,608
- Tax, wage and social debts -€132,184
down €132,184 (-86.2%), from €153,410 to €21,226
of which Taxes: -€131,613
- Trade debts -€49,894
down €49,894 (-67.9%), from €73,514 to €23,620
- Profit (loss) carried forward -€11,699
down €11,699 (-6.1%), from €192,487 to €180,789
- Gross operating margin -€170,069
down €170,069 (-55.3%), from €307,677 to €137,608
- Staff costs -€31,830
down €31,830 (-16.9%), from €188,023 to €156,193
- Write-downs -€17,237
down €17,237, from €9,188 to -€8,049
- Taxes -€12,997
down €12,997 (-96.4%), from €13,485 to €487
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 | €846,594 | €455,670 | -€390,925 | -46.2% |
| Fixed assets | 21/28 | €7,110 | €31,201 | +€24,091 | +338.8% |
| Tangible fixed assets | 22/27 | €7,110 | €31,201 | +€24,091 | +338.8% |
| Plant, machinery and equipment | 23 | €225 | €1 | -€224 | -99.5% |
| Furniture and vehicles | 24 | €6,886 | €31,200 | +€24,314 | +353.1% |
| Current assets | 29/58 | €839,484 | €424,469 | -€415,015 | -49.4% |
| Amounts receivable after more than one year | 29 | €85,000 | €35,000 | -€50,000 | -58.8% |
| Other amounts receivable | 291 | €85,000 | €35,000 | -€50,000 | -58.8% |
| Stocks and contracts in progress | 3 | €117,395 | €62,472 | -€54,922 | -46.8% |
| Stocks | 30/36 | €117,395 | €62,472 | -€54,922 | -46.8% |
| Amounts receivable within one year | 40/41 | €355,627 | €154,218 | -€201,409 | -56.6% |
| Trade receivables | 40 | €291,339 | €57,116 | -€234,223 | -80.4% |
| Other amounts receivable | 41 | €64,288 | €97,101 | +€32,814 | +51.0% |
| Cash at bank and in hand | 54/58 | €271,430 | €163,653 | -€107,777 | -39.7% |
| Deferred charges and accrued income | 490/1 | €10,033 | €9,125 | -€908 | -9.0% |
| Total equity and liabilities | 10/49 | €846,594 | €455,670 | -€390,925 | -46.2% |
| Equity | 10/15 | €616,511 | €409,263 | -€207,248 | -33.6% |
| Contributions | 10/11 | €18,867 | €18,867 | = | 0.0% |
| Outside capital | 11 | €18,867 | - | -€18,867 | |
| Other | 1109/19 | €18,867 | - | -€18,867 | |
| Reserves | 13 | €405,157 | €209,608 | -€195,549 | -48.3% |
| Distributable reserves | 133 | €405,157 | €209,608 | -€195,549 | -48.3% |
| Profit (loss) carried forward | 14 | €192,487 | €180,789 | -€11,699 | -6.1% |
| Amounts payable | 17/49 | €230,083 | €46,406 | -€183,677 | -79.8% |
| Amounts payable within one year | 42/48 | €226,924 | €44,845 | -€182,079 | -80.2% |
| Trade debts | 44 | €73,514 | €23,620 | -€49,894 | -67.9% |
| Suppliers | 440/4 | €73,514 | €23,620 | -€49,894 | -67.9% |
| Taxes, remuneration and social security | 45 | €153,410 | €21,226 | -€132,184 | -86.2% |
| Taxes | 450/3 | €131,613 | - | -€131,613 | |
| Remuneration and social security | 454/9 | €21,797 | €21,226 | -€571 | -2.6% |
| Accrued charges and deferred income | 492/3 | €3,159 | €1,561 | -€1,598 | -50.6% |
| Non-recurring operating income | 76A | €2,467 | €2,436 | -€31 | -1.3% |
| Remuneration, social security and pensions | 62 | €188,023 | €156,193 | -€31,830 | -16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,609 | €3,409 | +€800 | +30.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,188 | -€8,049 | -€17,237 | |
| Other operating charges | 640/8 | €1,399 | €1,305 | -€94 | -6.7% |
| Gross operating margin | 9900 | €307,677 | €137,608 | -€170,069 | -55.3% |
| Operating profit (loss) | 9901 | €106,459 | -€15,251 | -€121,710 | |
| Financial income | 75/76B | €4,872 | €4,764 | -€107 | -2.2% |
| Recurring financial income | 75 | €4,872 | €4,764 | -€107 | -2.2% |
| Financial charges | 65/66B | €779 | €725 | -€54 | -7.0% |
| Recurring financial charges | 65 | €779 | €725 | -€54 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €110,551 | -€11,212 | -€121,763 | |
| Income taxes | 67/77 | €13,485 | €487 | -€12,997 | -96.4% |
| Profit (loss) for the period | 9904 | €97,067 | -€11,699 | -€108,766 | |
| Profit (loss) for the period to be appropriated | 9905 | €97,067 | -€11,699 | -€108,766 |
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 5 October 2026 via checked.be.