JORA: 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.
JORA
Largest movements
- Cash -€32,647
down €32,647 (-63.4%), from €51,463 to €18,816
mainly Current portion of long-term debt (-€35,714) and Debts after one year (-€14,333)
- Tangible fixed assets -€12,555
down €12,555 (-5.1%), from €248,275 to €235,720
- Current portion of long-term debt -€35,714
down €35,714 (-71.4%), from €50,048 to €14,333
- Debts after one year -€14,333
down €14,333 (-3.4%), from €417,333 to €403,000
of which Financial debts: -€14,333
- Financial income -€35,000
down €35,000 (-100.0%), from €35,000 to €0
- Financial charges -€6,985
down €6,985 (-68.5%), from €10,201 to €3,216
- Taxes -€2,503
down €2,503 (-70.3%), from €3,562 to €1,059
- Other operating charges +€803
up €803 (+730%), from €110 to €913
- Depreciation +€489
up €489 (+4.0%), from €12,066 to €12,555
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €907,312 | €862,110 | -€45,202 | -5.0% |
| Fixed assets | 21/28 | €822,275 | €809,720 | -€12,555 | -1.5% |
| Tangible fixed assets | 22/27 | €248,275 | €235,720 | -€12,555 | -5.1% |
| Land and buildings | 22 | €248,275 | €235,720 | -€12,555 | -5.1% |
| Financial fixed assets | 28 | €574,000 | €574,000 | = | 0.0% |
| Current assets | 29/58 | €85,037 | €52,390 | -€32,647 | -38.4% |
| Amounts receivable within one year | 40/41 | €33,574 | €33,574 | = | 0.0% |
| Trade receivables | 40 | €1,750 | €1,750 | = | 0.0% |
| Other amounts receivable | 41 | €31,824 | €31,824 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €51,463 | €18,816 | -€32,647 | -63.4% |
| Total equity and liabilities | 10/49 | €907,312 | €862,110 | -€45,202 | -5.0% |
| Equity | 10/15 | €311,257 | €320,050 | +€8,793 | +2.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €292,657 | €301,447 | +€8,790 | +3.0% |
| Distributable reserves | 133 | €292,657 | €301,447 | +€8,790 | +3.0% |
| Profit (loss) carried forward | 14 | - | €3 | +€3 | |
| Amounts payable | 17/49 | €596,055 | €542,060 | -€53,995 | -9.1% |
| Amounts payable after more than one year | 17 | €417,333 | €403,000 | -€14,333 | -3.4% |
| Financial debts | 170/4 | €143,333 | €129,000 | -€14,333 | -10.0% |
| Other amounts payable | 178/9 | €274,000 | €274,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €178,722 | €139,060 | -€39,662 | -22.2% |
| Current portion of amounts payable after more than one year | 42 | €50,048 | €14,333 | -€35,714 | -71.4% |
| Trade debts | 44 | €110 | €406 | +€296 | +270% |
| Suppliers | 440/4 | €110 | €406 | +€296 | +270% |
| Taxes, remuneration and social security | 45 | €5,303 | €1,059 | -€4,244 | -80.0% |
| Taxes | 450/3 | €5,303 | €1,059 | -€4,244 | -80.0% |
| Other amounts payable | 47/48 | €123,261 | €123,261 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,066 | €12,555 | +€489 | +4.0% |
| Other operating charges | 640/8 | €110 | €913 | +€803 | +730% |
| Gross operating margin | 9900 | €26,554 | €26,535 | -€19 | -0.1% |
| Operating profit (loss) | 9901 | €14,378 | €13,068 | -€1,310 | -9.1% |
| Financial income | 75/76B | €35,000 | €0 | -€35,000 | -100.0% |
| Recurring financial income | 75 | €35,000 | €0 | -€35,000 | -100.0% |
| Financial charges | 65/66B | €10,201 | €3,216 | -€6,985 | -68.5% |
| Recurring financial charges | 65 | €10,201 | €3,216 | -€6,985 | -68.5% |
| Profit (loss) for the period before taxes | 9903 | €39,177 | €9,852 | -€29,325 | -74.9% |
| Income taxes | 67/77 | €3,562 | €1,059 | -€2,503 | -70.3% |
| Profit (loss) for the period | 9904 | €35,615 | €8,793 | -€26,822 | -75.3% |
| Profit (loss) for the period to be appropriated | 9905 | €35,615 | €8,793 | -€26,822 | -75.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.