JorCon: 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.
JorCon
Largest movements
- Tangible fixed assets +€230,138
up €230,138 (+2468.3%), from €9,324 to €239,462
of which Land and buildings: +€232,805
- Current investments -€10,050
down €10,050 (-10.9%), from €92,391 to €82,341
- Receivables within one year -€8,043
down €8,043 (-21.1%), from €38,184 to €30,142
of which Other amounts receivable: -€11,937
- Receivables after one year -€7,441
down €7,441 (-25.4%), from €29,342 to €21,901
- Debts after one year +€197,607
new in 2025: €197,607
- Trade debts -€9,357
down €9,357 (-69.6%), from €13,447 to €4,091
- Current portion of long-term debt +€7,896
new in 2025: €7,896
- Tax, wage and social debts +€4,684
up €4,684 (+110.2%), from €4,251 to €8,935
- Other operating charges +€31,631
up €31,631 (+23783.1%), from €133 to €31,764
- Taxes -€25,296
down €25,296 (-97.3%), from €26,000 to €704
- Gross operating margin -€14,229
down €14,229 (-26.4%), from €53,973 to €39,744
- Financial income +€1,294
up €1,294 (+127.6%), from €1,014 to €2,307
- Financial charges +€1,242
up €1,242 (+3487.5%), from €36 to €1,278
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 | €200,021 | €402,967 | +€202,946 | +101.5% |
| Fixed assets | 21/28 | €9,324 | €239,462 | +€230,138 | +2468.3% |
| Tangible fixed assets | 22/27 | €9,324 | €239,462 | +€230,138 | +2468.3% |
| Land and buildings | 22 | - | €232,805 | +€232,805 | |
| Plant, machinery and equipment | 23 | €784 | €663 | -€121 | -15.4% |
| Furniture and vehicles | 24 | €8,539 | €5,993 | -€2,546 | -29.8% |
| Current assets | 29/58 | €190,697 | €163,505 | -€27,192 | -14.3% |
| Amounts receivable after more than one year | 29 | €29,342 | €21,901 | -€7,441 | -25.4% |
| Other amounts receivable | 291 | €29,342 | €21,901 | -€7,441 | -25.4% |
| Amounts receivable within one year | 40/41 | €38,184 | €30,142 | -€8,043 | -21.1% |
| Trade receivables | 40 | €17,184 | €21,078 | +€3,894 | +22.7% |
| Other amounts receivable | 41 | €21,000 | €9,063 | -€11,937 | -56.8% |
| Current investments | 50/53 | €92,391 | €82,341 | -€10,050 | -10.9% |
| Cash at bank and in hand | 54/58 | €30,779 | €29,121 | -€1,658 | -5.4% |
| Total equity and liabilities | 10/49 | €200,021 | €402,967 | +€202,946 | +101.5% |
| Equity | 10/15 | €179,853 | €183,855 | +€4,003 | +2.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €166,000 | €166,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €166,000 | €166,000 | = | 0.0% |
| Other | 1319 | €166,000 | €166,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,653 | €11,655 | +€4,003 | +52.3% |
| Amounts payable | 17/49 | €20,168 | €219,111 | +€198,943 | +986.4% |
| Amounts payable after more than one year | 17 | - | €197,607 | +€197,607 | |
| Financial debts | 170/4 | - | €197,607 | +€197,607 | |
| Amounts payable within one year | 42/48 | €19,586 | €20,922 | +€1,336 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | - | €7,896 | +€7,896 | |
| Trade debts | 44 | €13,447 | €4,091 | -€9,357 | -69.6% |
| Suppliers | 440/4 | €13,447 | €4,091 | -€9,357 | -69.6% |
| Taxes, remuneration and social security | 45 | €4,251 | €8,935 | +€4,684 | +110.2% |
| Taxes | 450/3 | €4,251 | €8,935 | +€4,684 | +110.2% |
| Other amounts payable | 47/48 | €1,887 | - | -€1,887 | |
| Accrued charges and deferred income | 492/3 | €582 | €582 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €284 | €136 | -€148 | -52.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,928 | €4,166 | +€1,238 | +42.3% |
| Other operating charges | 640/8 | €133 | €31,764 | +€31,631 | +23783.1% |
| Gross operating margin | 9900 | €53,973 | €39,744 | -€14,229 | -26.4% |
| Operating profit (loss) | 9901 | €50,629 | €3,677 | -€46,951 | -92.7% |
| Financial income | 75/76B | €1,014 | €2,307 | +€1,294 | +127.6% |
| Recurring financial income | 75 | €1,014 | €2,307 | +€1,294 | +127.6% |
| Financial charges | 65/66B | €36 | €1,278 | +€1,242 | +3487.5% |
| Recurring financial charges | 65 | €36 | €1,278 | +€1,242 | +3487.5% |
| Profit (loss) for the period before taxes | 9903 | €51,607 | €4,707 | -€46,900 | -90.9% |
| Income taxes | 67/77 | €26,000 | €704 | -€25,296 | -97.3% |
| Profit (loss) for the period | 9904 | €25,607 | €4,003 | -€21,604 | -84.4% |
| Profit (loss) for the period to be appropriated | 9905 | €25,607 | €4,003 | -€21,604 | -84.4% |
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 7 October 2026 via checked.be.