JORA Projects: 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 Projects
Largest movements
- Cash +€17,203
up €17,203 (+63.9%), from €26,902 to €44,105
mainly Net result for the year (+€36,044) and Tax, wage and social debts (+€11,133)
- Receivables within one year +€5,021
up €5,021 (+59.6%), from €8,424 to €13,446
of which Other amounts receivable: +€5,023
- Receivables after one year +€3,238
new in 2025: €3,238
- Tangible fixed assets +€3,220
up €3,220 (+35.8%), from €9,002 to €12,222
- Reserves +€36,044
up €36,044 (+372.0%), from €9,689 to €45,733
- Other debts -€26,455
no longer reported in 2025 (was €26,455)
- Tax, wage and social debts +€11,133
up €11,133 (+119.9%), from €9,283 to €20,416
- Trade debts +€7,287
up €7,287 (+51680.8%), from €14 to €7,301
- Accrued charges and deferred income +€757
new in 2025: €757
- Gross operating margin +€39,079
up €39,079 (+256.5%), from €15,235 to €54,313
- Taxes +€7,944
up €7,944 (+273.1%), from €2,908 to €10,853
- Depreciation +€4,523
up €4,523 (+302.4%), from €1,496 to €6,019
- Financial charges +€771
up €771 (+61675.2%), from €1 to €772
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 | €46,441 | €75,207 | +€28,766 | +61.9% |
| Fixed assets | 21/28 | €9,002 | €12,222 | +€3,220 | +35.8% |
| Tangible fixed assets | 22/27 | €9,002 | €12,222 | +€3,220 | +35.8% |
| Furniture and vehicles | 24 | €9,002 | €12,222 | +€3,220 | +35.8% |
| Current assets | 29/58 | €37,439 | €62,985 | +€25,545 | +68.2% |
| Amounts receivable after more than one year | 29 | - | €3,238 | +€3,238 | |
| Other amounts receivable | 291 | - | €3,238 | +€3,238 | |
| Amounts receivable within one year | 40/41 | €8,424 | €13,446 | +€5,021 | +59.6% |
| Trade receivables | 40 | €8,424 | €8,422 | -€2 | 0.0% |
| Other amounts receivable | 41 | - | €5,023 | +€5,023 | |
| Cash at bank and in hand | 54/58 | €26,902 | €44,105 | +€17,203 | +63.9% |
| Deferred charges and accrued income | 490/1 | €2,113 | €2,196 | +€83 | +3.9% |
| Total equity and liabilities | 10/49 | €46,441 | €75,207 | +€28,766 | +61.9% |
| Equity | 10/15 | €10,689 | €46,733 | +€36,044 | +337.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €9,689 | €45,733 | +€36,044 | +372.0% |
| Distributable reserves | 133 | €9,689 | €45,733 | +€36,044 | +372.0% |
| Amounts payable | 17/49 | €35,752 | €28,474 | -€7,278 | -20.4% |
| Amounts payable within one year | 42/48 | €35,752 | €27,717 | -€8,035 | -22.5% |
| Trade debts | 44 | €14 | €7,301 | +€7,287 | +51680.8% |
| Suppliers | 440/4 | €14 | €7,301 | +€7,287 | +51680.8% |
| Taxes, remuneration and social security | 45 | €9,283 | €20,416 | +€11,133 | +119.9% |
| Taxes | 450/3 | €9,283 | €20,416 | +€11,133 | +119.9% |
| Other amounts payable | 47/48 | €26,455 | - | -€26,455 | |
| Accrued charges and deferred income | 492/3 | - | €757 | +€757 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,496 | €6,019 | +€4,523 | +302.4% |
| Other operating charges | 640/8 | €1,153 | €758 | -€395 | -34.3% |
| Gross operating margin | 9900 | €15,235 | €54,313 | +€39,079 | +256.5% |
| Operating profit (loss) | 9901 | €12,586 | €47,537 | +€34,951 | +277.7% |
| Financial income | 75/76B | €12 | €132 | +€120 | +1004.6% |
| Recurring financial income | 75 | €12 | €132 | +€120 | +1004.6% |
| Financial charges | 65/66B | €1 | €772 | +€771 | +61675.2% |
| Recurring financial charges | 65 | €1 | €772 | +€771 | +61675.2% |
| Profit (loss) for the period before taxes | 9903 | €12,597 | €46,897 | +€34,300 | +272.3% |
| Income taxes | 67/77 | €2,908 | €10,853 | +€7,944 | +273.1% |
| Profit (loss) for the period | 9904 | €9,689 | €36,044 | +€26,356 | +272.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,689 | €36,044 | +€26,356 | +272.0% |
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 10 October 2026 via checked.be.