JORCA: 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.
JORCA
Largest movements
- Cash +€35,209
up €35,209 (+528.4%), from €6,664 to €41,873
mainly Other debts (+€45,000) and Depreciation (+€31,672)
- Tangible fixed assets -€31,672
down €31,672 (-4.1%), from €764,206 to €732,534
- Other debts +€45,000
up €45,000 (+281.3%), from €16,000 to €61,000
- Debts after one year -€36,790
down €36,790 (-6.1%), from €603,418 to €566,628
of which Financial debts: -€33,273
- Financial charges -€5,349
down €5,349 (-23.3%), from €23,006 to €17,657
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 | €771,355 | €774,892 | +€3,537 | +0.5% |
| Fixed assets | 21/28 | €764,691 | €733,019 | -€31,672 | -4.1% |
| Tangible fixed assets | 22/27 | €764,206 | €732,534 | -€31,672 | -4.1% |
| Land and buildings | 22 | €764,206 | €732,534 | -€31,672 | -4.1% |
| Financial fixed assets | 28 | €485 | €485 | = | 0.0% |
| Current assets | 29/58 | €6,664 | €41,873 | +€35,209 | +528.4% |
| Cash at bank and in hand | 54/58 | €6,664 | €41,873 | +€35,209 | +528.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €771,355 | €774,892 | +€3,537 | +0.5% |
| Equity | 10/15 | €116,141 | €108,906 | -€7,235 | -6.2% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €3,145 | €3,145 | = | 0.0% |
| Distributable reserves | 133 | €3,145 | €3,145 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€137,004 | -€144,239 | -€7,235 | -5.3% |
| Amounts payable | 17/49 | €655,214 | €665,986 | +€10,772 | +1.6% |
| Amounts payable after more than one year | 17 | €603,418 | €566,628 | -€36,790 | -6.1% |
| Financial debts | 170/4 | €343,138 | €309,865 | -€33,273 | -9.7% |
| Other amounts payable | 178/9 | €260,280 | €256,763 | -€3,517 | -1.4% |
| Amounts payable within one year | 42/48 | €50,389 | €96,671 | +€46,283 | +91.9% |
| Current portion of amounts payable after more than one year | 42 | €34,389 | €35,319 | +€931 | +2.7% |
| Trade debts | 44 | - | €352 | +€352 | |
| Suppliers | 440/4 | - | €352 | +€352 | |
| Other amounts payable | 47/48 | €16,000 | €61,000 | +€45,000 | +281.3% |
| Accrued charges and deferred income | 492/3 | €1,408 | €2,687 | +€1,280 | +90.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,520 | €31,672 | +€152 | +0.5% |
| Other operating charges | 640/8 | €6,159 | €6,286 | +€127 | +2.1% |
| Gross operating margin | 9900 | €48,263 | €48,380 | +€117 | +0.2% |
| Operating profit (loss) | 9901 | €10,584 | €10,422 | -€162 | -1.5% |
| Financial charges | 65/66B | €23,006 | €17,657 | -€5,349 | -23.3% |
| Recurring financial charges | 65 | €23,006 | €17,657 | -€5,349 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | -€12,422 | -€7,235 | +€5,187 | +41.8% |
| Profit (loss) for the period | 9904 | -€12,422 | -€7,235 | +€5,187 | +41.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,422 | -€7,235 | +€5,187 | +41.8% |
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 29 September 2026 via checked.be.