JORAPACK: 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.
JORAPACK
Largest movements
- Stocks and contracts -€152,376
down €152,376 (-15.2%), from €1.0m to €850,961
- Deferred charges and accrued income +€131,542
up €131,542 (+353.1%), from €37,250 to €168,792
- Tangible fixed assets -€47,145
down €47,145 (-35.2%), from €134,039 to €86,894
- Receivables within one year +€43,330
up €43,330 (+17.4%), from €248,434 to €291,763
of which Trade receivables: +€42,001
- Cash -€28,670
down €28,670 (-19.6%), from €145,994 to €117,324
mainly Deferred charges and accrued income (-€131,542) and Net result for the year (-€74,534)
- Profit (loss) carried forward -€74,534
down €74,534 (-65.1%), from -€114,566 to -€189,100
- Trade debts +€29,232
up €29,232 (+9.9%), from €295,933 to €325,164
- Current portion of long-term debt -€17,749
down €17,749 (-100.0%), from €17,749 to €0
- Accrued charges and deferred income +€16,699
up €16,699, from €0 to €16,699
- Gross operating margin -€81,843
down €81,843 (-33.5%), from €244,241 to €162,399
- Financial charges -€11,539
down €11,539 (-55.1%), from €20,955 to €9,417
- Depreciation +€8,592
up €8,592 (+35.7%), from €24,035 to €32,627
- Financial income +€3,779
up €3,779 (+31.5%), from €12,004 to €15,783
- Staff costs -€3,282
down €3,282 (-1.6%), from €207,744 to €204,462
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 | €1,569,728 | €1,516,409 | -€53,320 | -3.4% |
| Fixed assets | 21/28 | €134,714 | €87,568 | -€47,145 | -35.0% |
| Tangible fixed assets | 22/27 | €134,039 | €86,894 | -€47,145 | -35.2% |
| Land and buildings | 22 | €23,652 | €4,869 | -€18,783 | -79.4% |
| Plant, machinery and equipment | 23 | €3,304 | €2,213 | -€1,091 | -33.0% |
| Furniture and vehicles | 24 | €20,630 | €6,859 | -€13,771 | -66.8% |
| Leasing and similar rights | 25 | €86,453 | €66,993 | -€19,460 | -22.5% |
| Other tangible fixed assets | 26 | €0 | €5,959 | +€5,959 | |
| Financial fixed assets | 28 | €675 | €675 | = | 0.0% |
| Current assets | 29/58 | €1,435,015 | €1,428,840 | -€6,174 | -0.4% |
| Stocks and contracts in progress | 3 | €1,003,337 | €850,961 | -€152,376 | -15.2% |
| Stocks | 30/36 | €1,003,337 | €850,961 | -€152,376 | -15.2% |
| Amounts receivable within one year | 40/41 | €248,434 | €291,763 | +€43,330 | +17.4% |
| Trade receivables | 40 | €231,320 | €273,321 | +€42,001 | +18.2% |
| Other amounts receivable | 41 | €17,114 | €18,442 | +€1,329 | +7.8% |
| Cash at bank and in hand | 54/58 | €145,994 | €117,324 | -€28,670 | -19.6% |
| Deferred charges and accrued income | 490/1 | €37,250 | €168,792 | +€131,542 | +353.1% |
| Total equity and liabilities | 10/49 | €1,569,728 | €1,516,409 | -€53,320 | -3.4% |
| Equity | 10/15 | €604,669 | €530,135 | -€74,534 | -12.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €700,643 | €700,643 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €680,034 | €680,034 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€114,566 | -€189,100 | -€74,534 | -65.1% |
| Amounts payable | 17/49 | €965,059 | €986,273 | +€21,214 | +2.2% |
| Amounts payable after more than one year | 17 | €495,997 | €495,997 | = | 0.0% |
| Financial debts | 170/4 | €495,997 | €495,997 | = | 0.0% |
| Amounts payable within one year | 42/48 | €469,062 | €473,577 | +€4,515 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €17,749 | €0 | -€17,749 | -100.0% |
| Trade debts | 44 | €295,933 | €325,164 | +€29,232 | +9.9% |
| Suppliers | 440/4 | €295,933 | €325,164 | +€29,232 | +9.9% |
| Taxes, remuneration and social security | 45 | €39,763 | €31,690 | -€8,074 | -20.3% |
| Taxes | 450/3 | €6,241 | €6,942 | +€702 | +11.2% |
| Remuneration and social security | 454/9 | €33,523 | €24,747 | -€8,775 | -26.2% |
| Other amounts payable | 47/48 | €115,617 | €116,723 | +€1,106 | +1.0% |
| Accrued charges and deferred income | 492/3 | €0 | €16,699 | +€16,699 | |
| Non-recurring operating income | 76A | - | €144,757 | +€144,757 | |
| Remuneration, social security and pensions | 62 | €207,744 | €204,462 | -€3,282 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,035 | €32,627 | +€8,592 | +35.7% |
| Other operating charges | 640/8 | €4,175 | €4,371 | +€196 | +4.7% |
| Non-recurring operating charges | 66A | €427 | €123 | -€303 | -71.1% |
| Gross operating margin | 9900 | €244,241 | €162,399 | -€81,843 | -33.5% |
| Operating profit (loss) | 9901 | €7,860 | -€79,185 | -€87,045 | |
| Financial income | 75/76B | €12,004 | €15,783 | +€3,779 | +31.5% |
| Recurring financial income | 75 | €12,004 | €15,783 | +€3,779 | +31.5% |
| Financial charges | 65/66B | €20,955 | €9,417 | -€11,539 | -55.1% |
| Recurring financial charges | 65 | €20,955 | €9,417 | -€11,539 | -55.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,091 | -€72,819 | -€71,728 | -6574.5% |
| Income taxes | 67/77 | €0 | €1,716 | +€1,716 | |
| Profit (loss) for the period | 9904 | -€1,091 | -€74,534 | -€73,443 | -6731.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,091 | -€74,534 | -€73,443 | -6731.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.