JORCO: 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.
JORCO
Largest movements
- Cash +€26,142
up €26,142 (+202%), from €12,940 to €39,083
mainly Receivables within one year (+€23,228) and Net result for the year (+€22,038)
- Receivables within one year -€23,228
down €23,228 (-62.8%), from €36,961 to €13,733
of which Other amounts receivable: -€35,797
- Tangible fixed assets +€565
up €565 (+44.0%), from €1,283 to €1,848
- Trade debts -€26,012
down €26,012 (-99.9%), from €26,045 to €33
- Reserves +€22,038
up €22,038 (+122%), from €18,100 to €40,138
- Other debts +€6,432
up €6,432, from €0 to €6,432
- Tax, wage and social debts +€1,020
up €1,020, from €0 to €1,020
- Gross operating margin +€12,448
up €12,448 (+56.7%), from €21,952 to €34,399
- Taxes +€2,635
up €2,635 (+44.8%), from €5,885 to €8,520
- Other operating charges -€951
down €951 (-61.9%), from €1,535 to €585
- Financial charges -€947
down €947 (-25.9%), from €3,651 to €2,704
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 | €51,184 | €54,663 | +€3,479 | +6.8% |
| Fixed assets | 21/28 | €1,283 | €1,848 | +€565 | +44.0% |
| Tangible fixed assets | 22/27 | €1,283 | €1,848 | +€565 | +44.0% |
| Plant, machinery and equipment | 23 | €1,283 | €1,848 | +€565 | +44.0% |
| Current assets | 29/58 | €49,901 | €52,815 | +€2,914 | +5.8% |
| Amounts receivable within one year | 40/41 | €36,961 | €13,733 | -€23,228 | -62.8% |
| Trade receivables | 40 | €0 | €12,568 | +€12,568 | |
| Other amounts receivable | 41 | €36,961 | €1,164 | -€35,797 | -96.8% |
| Cash at bank and in hand | 54/58 | €12,940 | €39,083 | +€26,142 | +202% |
| Total equity and liabilities | 10/49 | €51,184 | €54,663 | +€3,479 | +6.8% |
| Equity | 10/15 | €25,140 | €47,178 | +€22,038 | +87.7% |
| Contributions | 10/11 | €7,040 | €7,040 | = | 0.0% |
| Reserves | 13 | €18,100 | €40,138 | +€22,038 | +122% |
| Distributable reserves | 133 | €18,100 | €40,138 | +€22,038 | +122% |
| Amounts payable | 17/49 | €26,045 | €7,486 | -€18,559 | -71.3% |
| Amounts payable within one year | 42/48 | €26,045 | €7,486 | -€18,559 | -71.3% |
| Trade debts | 44 | €26,045 | €33 | -€26,012 | -99.9% |
| Suppliers | 440/4 | €26,045 | €33 | -€26,012 | -99.9% |
| Taxes, remuneration and social security | 45 | €0 | €1,020 | +€1,020 | |
| Taxes | 450/3 | €0 | €1,020 | +€1,020 | |
| Other amounts payable | 47/48 | €0 | €6,432 | +€6,432 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €651 | €369 | -€281 | -43.2% |
| Other operating charges | 640/8 | €1,535 | €585 | -€951 | -61.9% |
| Non-recurring operating charges | 66A | - | €378 | +€378 | |
| Gross operating margin | 9900 | €21,952 | €34,399 | +€12,448 | +56.7% |
| Operating profit (loss) | 9901 | €19,765 | €33,067 | +€13,301 | +67.3% |
| Financial income | 75/76B | €302 | €195 | -€106 | -35.3% |
| Recurring financial income | 75 | €302 | €195 | -€106 | -35.3% |
| Financial charges | 65/66B | €3,651 | €2,704 | -€947 | -25.9% |
| Recurring financial charges | 65 | €3,651 | €2,704 | -€947 | -25.9% |
| Profit (loss) for the period before taxes | 9903 | €16,416 | €30,558 | +€14,142 | +86.1% |
| Income taxes | 67/77 | €5,885 | €8,520 | +€2,635 | +44.8% |
| Profit (loss) for the period | 9904 | €10,531 | €22,038 | +€11,506 | +109% |
| Profit (loss) for the period to be appropriated | 9905 | €10,531 | €22,038 | +€11,506 | +109% |
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.