JORAKIM: 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.
JORAKIM
Largest movements
- Receivables within one year +€78,794
up €78,794 (+30.8%), from €256,139 to €334,933
of which Other amounts receivable: +€103,300
- Tangible fixed assets -€8,981
down €8,981 (-24.4%), from €36,817 to €27,835
of which Plant, machinery and equipment: -€8,272
- Intangible fixed assets -€6,714
down €6,714 (-16.9%), from €39,715 to €33,001
- Profit (loss) carried forward +€50,628
up €50,628 (+73.8%), from -€68,583 to -€17,955
- Tax, wage and social debts +€36,953
up €36,953 (+67.4%), from €54,802 to €91,755
of which Taxes: +€44,173
- Accrued charges and deferred income -€30,086
no longer reported in 2025 (was €30,086)
- Trade debts +€8,272
up €8,272 (+2.5%), from €325,786 to €334,058
- Staff costs -€54,940
down €54,940 (-16.5%), from €333,742 to €278,802
- Gross operating margin +€23,384
up €23,384 (+7.1%), from €330,645 to €354,029
- Taxes +€12,617
up €12,617 (+18,422%), from €68 to €12,685
- Depreciation -€11,295
down €11,295 (-41.8%), from €26,990 to €15,695
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.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €360,641 | €426,408 | +€65,767 | +18.2% |
| Fixed assets | 21/28 | €76,532 | €60,837 | -€15,695 | -20.5% |
| Intangible fixed assets | 21 | €39,715 | €33,001 | -€6,714 | -16.9% |
| Tangible fixed assets | 22/27 | €36,817 | €27,835 | -€8,981 | -24.4% |
| Plant, machinery and equipment | 23 | €32,702 | €24,430 | -€8,272 | -25.3% |
| Other tangible fixed assets | 26 | €4,115 | €3,406 | -€709 | -17.2% |
| Current assets | 29/58 | €284,109 | €365,572 | +€81,462 | +28.7% |
| Stocks and contracts in progress | 3 | €27,970 | €30,638 | +€2,668 | +9.5% |
| Stocks | 30/36 | €27,970 | €30,638 | +€2,668 | +9.5% |
| Amounts receivable within one year | 40/41 | €256,139 | €334,933 | +€78,794 | +30.8% |
| Trade receivables | 40 | €114,921 | €90,414 | -€24,506 | -21.3% |
| Other amounts receivable | 41 | €141,219 | €244,519 | +€103,300 | +73.1% |
| Total equity and liabilities | 10/49 | €360,641 | €426,408 | +€65,767 | +18.2% |
| Equity | 10/15 | -€50,033 | €595 | +€50,628 | |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€68,583 | -€17,955 | +€50,628 | +73.8% |
| Amounts payable | 17/49 | €410,674 | €425,813 | +€15,139 | +3.7% |
| Amounts payable within one year | 42/48 | €380,589 | €425,813 | +€45,225 | +11.9% |
| Trade debts | 44 | €325,786 | €334,058 | +€8,272 | +2.5% |
| Suppliers | 440/4 | €325,786 | €334,058 | +€8,272 | +2.5% |
| Taxes, remuneration and social security | 45 | €54,802 | €91,755 | +€36,953 | +67.4% |
| Taxes | 450/3 | €1,167 | €45,340 | +€44,173 | +3,785% |
| Remuneration and social security | 454/9 | €53,635 | €46,415 | -€7,220 | -13.5% |
| Accrued charges and deferred income | 492/3 | €30,086 | - | -€30,086 | |
| Non-recurring operating income | 76A | - | €3,250 | +€3,250 | |
| Remuneration, social security and pensions | 62 | €333,742 | €278,802 | -€54,940 | -16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,990 | €15,695 | -€11,295 | -41.8% |
| Other operating charges | 640/8 | €613 | €364 | -€248 | -40.6% |
| Gross operating margin | 9900 | €330,645 | €354,029 | +€23,384 | +7.1% |
| Operating profit (loss) | 9901 | -€30,701 | €59,167 | +€89,867 | |
| Financial income | 75/76B | €6,364 | €4,473 | -€1,891 | -29.7% |
| Recurring financial income | 75 | €6,364 | €4,473 | -€1,891 | -29.7% |
| Financial charges | 65/66B | €274 | €326 | +€53 | +19.2% |
| Recurring financial charges | 65 | €274 | €326 | +€53 | +19.2% |
| Profit (loss) for the period before taxes | 9903 | -€24,610 | €63,314 | +€87,924 | |
| Income taxes | 67/77 | €68 | €12,685 | +€12,617 | +18,422% |
| Profit (loss) for the period | 9904 | -€24,679 | €50,628 | +€75,307 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,679 | €50,628 | +€75,307 |
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 16 October 2026 via checked.be.