JORAMO: 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.
JORAMO
Largest movements
- Cash +€389,321
up €389,321 (+19,915%), from €1,955 to €391,276
mainly Stocks and contracts (+€321,247) and Net result for the year (+€74,721)
- Stocks and contracts -€321,247
down €321,247 (-32.3%), from €993,563 to €672,316
- Receivables within one year +€74,476
up €74,476 (+71.1%), from €104,740 to €179,216
- Tangible fixed assets -€19,722
down €19,722 (-6.2%), from €320,540 to €300,818
of which Land and buildings: -€14,988
- Reserves +€71,575
up €71,575 (+28.3%), from €252,661 to €324,236
- Tax, wage and social debts +€65,118
up €65,118 (+147%), from €44,257 to €109,375
of which Taxes: +€63,178
- Accrued charges and deferred income +€16,394
up €16,394 (+2,752%), from €596 to €16,989
- Gross operating margin +€32,647
up €32,647 (+18.7%), from €174,173 to €206,820
- Staff costs +€19,215
up €19,215 (+119%), from €16,192 to €35,407
- Financial charges +€13,533
up €13,533 (+80.6%), from €16,798 to €30,331
- Write-downs -€4,849
down €4,849 (-79.2%), from €6,125 to €1,276
- Other operating charges +€3,036
up €3,036 (+48.2%), from €6,295 to €9,331
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
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 | €1,424,040 | €1,548,394 | +€124,354 | +8.7% |
| Fixed assets | 21/28 | €320,749 | €300,818 | -€19,931 | -6.2% |
| Intangible fixed assets | 21 | €209 | €0 | -€209 | -100% |
| Tangible fixed assets | 22/27 | €320,540 | €300,818 | -€19,722 | -6.2% |
| Land and buildings | 22 | €223,622 | €208,634 | -€14,988 | -6.7% |
| Plant, machinery and equipment | 23 | €79,857 | €82,180 | +€2,323 | +2.9% |
| Furniture and vehicles | 24 | €17,061 | €10,003 | -€7,057 | -41.4% |
| Current assets | 29/58 | €1,103,290 | €1,247,576 | +€144,285 | +13.1% |
| Stocks and contracts in progress | 3 | €993,563 | €672,316 | -€321,247 | -32.3% |
| Stocks | 30/36 | €993,563 | €672,316 | -€321,247 | -32.3% |
| Amounts receivable within one year | 40/41 | €104,740 | €179,216 | +€74,476 | +71.1% |
| Trade receivables | 40 | €104,740 | €179,216 | +€74,476 | +71.1% |
| Cash at bank and in hand | 54/58 | €1,955 | €391,276 | +€389,321 | +19,915% |
| Deferred charges and accrued income | 490/1 | €3,033 | €4,768 | +€1,735 | +57.2% |
| Total equity and liabilities | 10/49 | €1,424,040 | €1,548,394 | +€124,354 | +8.7% |
| Equity | 10/15 | €271,261 | €342,836 | +€71,575 | +26.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €252,661 | €324,236 | +€71,575 | +28.3% |
| Distributable reserves | 133 | €252,661 | €324,236 | +€71,575 | +28.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,152,778 | €1,205,558 | +€52,779 | +4.6% |
| Amounts payable after more than one year | 17 | €194,540 | €180,011 | -€14,528 | -7.5% |
| Financial debts | 170/4 | €194,540 | €180,011 | -€14,528 | -7.5% |
| Amounts payable within one year | 42/48 | €957,643 | €1,008,557 | +€50,914 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €20,076 | €15,592 | -€4,484 | -22.3% |
| Financial debts | 43 | €150,000 | €153,164 | +€3,164 | +2.1% |
| Credit institutions | 430/8 | €150,000 | €153,164 | +€3,164 | +2.1% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €414,644 | €418,174 | +€3,530 | +0.9% |
| Suppliers | 440/4 | €414,644 | €418,174 | +€3,530 | +0.9% |
| Advances received on contracts in progress | 46 | €105,443 | €91,091 | -€14,352 | -13.6% |
| Taxes, remuneration and social security | 45 | €44,257 | €109,375 | +€65,118 | +147% |
| Taxes | 450/3 | €39,768 | €102,946 | +€63,178 | +159% |
| Remuneration and social security | 454/9 | €4,489 | €6,428 | +€1,940 | +43.2% |
| Other amounts payable | 47/48 | €223,223 | €221,161 | -€2,062 | -0.9% |
| Accrued charges and deferred income | 492/3 | €596 | €16,989 | +€16,394 | +2,752% |
| Remuneration, social security and pensions | 62 | €16,192 | €35,407 | +€19,215 | +119% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,585 | €39,362 | +€1,777 | +4.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,125 | €1,276 | -€4,849 | -79.2% |
| Other operating charges | 640/8 | €6,295 | €9,331 | +€3,036 | +48.2% |
| Non-recurring operating charges | 66A | €187 | €0 | -€187 | -100% |
| Gross operating margin | 9900 | €174,173 | €206,820 | +€32,647 | +18.7% |
| Operating profit (loss) | 9901 | €107,789 | €121,443 | +€13,655 | +12.7% |
| Financial income | 75/76B | €131 | €1,608 | +€1,477 | +1,132% |
| Recurring financial income | 75 | €131 | €1,608 | +€1,477 | +1,132% |
| Financial charges | 65/66B | €16,798 | €30,331 | +€13,533 | +80.6% |
| Recurring financial charges | 65 | €16,798 | €30,331 | +€13,533 | +80.6% |
| Profit (loss) for the period before taxes | 9903 | €91,121 | €92,720 | +€1,599 | +1.8% |
| Income taxes | 67/77 | €19,442 | €17,999 | -€1,443 | -7.4% |
| Profit (loss) for the period | 9904 | €71,679 | €74,721 | +€3,042 | +4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €71,679 | €74,721 | +€3,042 | +4.2% |
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 23 October 2026 via checked.be.