JORD: 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.
JORD
Largest movements
- Cash +€96,607
up €96,607 (+478%), from €20,203 to €116,811
mainly Net result for the year (+€86,784) and Other debts (+€70,659)
- Receivables within one year -€16,314
down €16,314 (-58.8%), from €27,746 to €11,432
of which Other amounts receivable: -€22,157
- Tangible fixed assets -€11,244
down €11,244 (-5.6%), from €199,670 to €188,426
of which Land and buildings: -€12,000
- Other debts +€70,659
up €70,659 (+919%), from €7,686 to €78,345
- Tax, wage and social debts +€34,213
up €34,213 (+333%), from €10,270 to €44,483
of which Taxes: +€40,327
- Debts after one year -€15,217
down €15,217 (-6.8%), from €224,583 to €209,366
of which Financial debts: -€15,217
- Reserves -€14,216
down €14,216 (-44.3%), from €32,054 to €17,839
of which Distributable reserves: -€14,216
- Trade debts -€5,726
down €5,726 (-49.2%), from €11,645 to €5,919
- Gross operating margin +€112,568
up €112,568 (+232%), from €48,571 to €161,139
- Taxes +€17,849
new in 2025: €17,849
- Staff costs -€13,570
down €13,570 (-31.9%), from €42,555 to €28,984
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 | €335,589 | €404,406 | +€68,816 | +20.5% |
| Fixed assets | 21/28 | €285,790 | €274,546 | -€11,244 | -3.9% |
| Tangible fixed assets | 22/27 | €199,670 | €188,426 | -€11,244 | -5.6% |
| Land and buildings | 22 | €169,052 | €157,052 | -€12,000 | -7.1% |
| Plant, machinery and equipment | 23 | €10,797 | €11,894 | +€1,096 | +10.2% |
| Furniture and vehicles | 24 | - | €1,454 | +€1,454 | |
| Other tangible fixed assets | 26 | €19,821 | €18,026 | -€1,795 | -9.1% |
| Financial fixed assets | 28 | €86,120 | €86,120 | = | 0.0% |
| Current assets | 29/58 | €49,799 | €129,860 | +€80,061 | +161% |
| Stocks and contracts in progress | 3 | €739 | €923 | +€184 | +24.9% |
| Stocks | 30/36 | €739 | €923 | +€184 | +24.9% |
| Amounts receivable within one year | 40/41 | €27,746 | €11,432 | -€16,314 | -58.8% |
| Trade receivables | 40 | €12 | €5,855 | +€5,843 | +48,089% |
| Other amounts receivable | 41 | €27,734 | €5,577 | -€22,157 | -79.9% |
| Cash at bank and in hand | 54/58 | €20,203 | €116,811 | +€96,607 | +478% |
| Deferred charges and accrued income | 490/1 | €1,111 | €695 | -€416 | -37.5% |
| Total equity and liabilities | 10/49 | €335,589 | €404,406 | +€68,816 | +20.5% |
| Equity | 10/15 | €64,954 | €50,739 | -€14,216 | -21.9% |
| Contributions | 10/11 | €32,900 | €32,900 | = | 0.0% |
| Reserves | 13 | €32,054 | €17,839 | -€14,216 | -44.3% |
| Non-distributable reserves | 130/1 | €245 | €245 | = | 0.0% |
| Reserves not available under the articles | 1311 | €245 | €245 | = | 0.0% |
| Distributable reserves | 133 | €31,810 | €17,594 | -€14,216 | -44.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €270,635 | €353,667 | +€83,032 | +30.7% |
| Amounts payable after more than one year | 17 | €224,583 | €209,366 | -€15,217 | -6.8% |
| Financial debts | 170/4 | €144,583 | €129,366 | -€15,217 | -10.5% |
| Other amounts payable | 178/9 | €80,000 | €80,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €46,052 | €143,966 | +€97,914 | +213% |
| Current portion of amounts payable after more than one year | 42 | €14,941 | €15,217 | +€276 | +1.9% |
| Financial debts | 43 | - | €2 | +€2 | |
| Credit institutions | 430/8 | - | €2 | +€2 | |
| Trade debts | 44 | €11,645 | €5,919 | -€5,726 | -49.2% |
| Suppliers | 440/4 | €11,645 | €5,919 | -€5,726 | -49.2% |
| Advances received on contracts in progress | 46 | €1,510 | €0 | -€1,510 | -100% |
| Taxes, remuneration and social security | 45 | €10,270 | €44,483 | +€34,213 | +333% |
| Taxes | 450/3 | - | €40,327 | +€40,327 | |
| Remuneration and social security | 454/9 | €10,270 | €4,156 | -€6,114 | -59.5% |
| Other amounts payable | 47/48 | €7,686 | €78,345 | +€70,659 | +919% |
| Accrued charges and deferred income | 492/3 | - | €335 | +€335 | |
| Remuneration, social security and pensions | 62 | €42,555 | €28,984 | -€13,570 | -31.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,198 | €22,469 | +€271 | +1.2% |
| Other operating charges | 640/8 | €1,773 | €1,964 | +€191 | +10.8% |
| Gross operating margin | 9900 | €48,571 | €161,139 | +€112,568 | +232% |
| Operating profit (loss) | 9901 | -€17,954 | €107,721 | +€125,675 | |
| Financial income | 75/76B | €1 | €78 | +€77 | +9,373% |
| Recurring financial income | 75 | €1 | €78 | +€77 | +9,373% |
| Financial charges | 65/66B | €3,508 | €3,166 | -€342 | -9.8% |
| Recurring financial charges | 65 | €3,508 | €3,166 | -€342 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | -€21,462 | €104,633 | +€126,095 | |
| Income taxes | 67/77 | - | €17,849 | +€17,849 | |
| Profit (loss) for the period | 9904 | -€21,462 | €86,784 | +€108,246 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,462 | €86,784 | +€108,246 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.