JORA CONSULT: 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 CONSULT
Largest movements
- Cash +€58,652
up €58,652 (+29.2%), from €201,095 to €259,747
mainly Net result for the year (+€72,319) and Receivables within one year (+€2,526)
- Current investments +€11,980
up €11,980 (+8.9%), from €135,126 to €147,106
- Reserves +€72,319
up €72,319 (+22.4%), from €322,939 to €395,258
- Tax, wage and social debts -€5,508
down €5,508 (-73.1%), from €7,537 to €2,030
- Financial income +€20,445
up €20,445 (+180.3%), from €11,337 to €31,783
of which Non-recurring financial income: +€20,878
- Gross operating margin -€15,421
down €15,421 (-16.5%), from €93,492 to €78,071
- Financial charges -€9,461
down €9,461 (-90.6%), from €10,444 to €983
- Taxes +€9,451
up €9,451 (+37.4%), from €25,300 to €34,751
- Depreciation -€5,015
down €5,015 (-82.8%), from €6,059 to €1,044
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 | €351,150 | €417,996 | +€66,846 | +19.0% |
| Fixed assets | 21/28 | €2,411 | €1,367 | -€1,044 | -43.3% |
| Tangible fixed assets | 22/27 | €2,411 | €1,367 | -€1,044 | -43.3% |
| Plant, machinery and equipment | 23 | €1,205 | €836 | -€369 | -30.6% |
| Furniture and vehicles | 24 | €1,207 | €531 | -€676 | -56.0% |
| Current assets | 29/58 | €348,739 | €416,629 | +€67,890 | +19.5% |
| Amounts receivable within one year | 40/41 | €11,810 | €9,284 | -€2,526 | -21.4% |
| Trade receivables | 40 | €11,392 | €8,715 | -€2,677 | -23.5% |
| Other amounts receivable | 41 | €418 | €569 | +€151 | +36.1% |
| Current investments | 50/53 | €135,126 | €147,106 | +€11,980 | +8.9% |
| Cash at bank and in hand | 54/58 | €201,095 | €259,747 | +€58,652 | +29.2% |
| Deferred charges and accrued income | 490/1 | €707 | €492 | -€215 | -30.5% |
| Total equity and liabilities | 10/49 | €351,150 | €417,996 | +€66,846 | +19.0% |
| Equity | 10/15 | €341,539 | €413,858 | +€72,319 | +21.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €322,939 | €395,258 | +€72,319 | +22.4% |
| Distributable reserves | 133 | €322,939 | €395,258 | +€72,319 | +22.4% |
| Amounts payable | 17/49 | €9,611 | €4,138 | -€5,473 | -56.9% |
| Amounts payable within one year | 42/48 | €9,611 | €4,138 | -€5,473 | -56.9% |
| Trade debts | 44 | €1,833 | €2,028 | +€195 | +10.6% |
| Suppliers | 440/4 | €1,833 | €2,028 | +€195 | +10.6% |
| Taxes, remuneration and social security | 45 | €7,537 | €2,030 | -€5,508 | -73.1% |
| Taxes | 450/3 | €7,537 | €2,030 | -€5,508 | -73.1% |
| Other amounts payable | 47/48 | €240 | €80 | -€160 | -66.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,059 | €1,044 | -€5,015 | -82.8% |
| Other operating charges | 640/8 | €757 | €755 | -€2 | -0.2% |
| Non-recurring operating charges | 66A | €210 | - | -€210 | |
| Gross operating margin | 9900 | €93,492 | €78,071 | -€15,421 | -16.5% |
| Operating profit (loss) | 9901 | €86,466 | €76,272 | -€10,194 | -11.8% |
| Financial income | 75/76B | €11,337 | €31,783 | +€20,445 | +180.3% |
| Recurring financial income | 75 | €11,337 | €10,905 | -€433 | -3.8% |
| Non-recurring financial income | 76B | - | €20,878 | +€20,878 | |
| Financial charges | 65/66B | €10,444 | €983 | -€9,461 | -90.6% |
| Recurring financial charges | 65 | €10,444 | €983 | -€9,461 | -90.6% |
| Profit (loss) for the period before taxes | 9903 | €87,359 | €107,071 | +€19,712 | +22.6% |
| Income taxes | 67/77 | €25,300 | €34,751 | +€9,451 | +37.4% |
| Profit (loss) for the period | 9904 | €62,059 | €72,319 | +€10,260 | +16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €62,059 | €72,319 | +€10,260 | +16.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.