JORÉ CHALLENGE: 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.
JORÉ CHALLENGE
Largest movements
- Tangible fixed assets -€14,969
down €14,969 (-4.2%), from €352,573 to €337,604
- Profit (loss) carried forward -€44,636
down €44,636 (-18.7%), from -€238,970 to -€283,606
- Other debts +€18,584
up €18,584 (+4.9%), from €380,034 to €398,619
- Accrued charges and deferred income +€7,777
up €7,777 (+103%), from €7,557 to €15,334
- Gross operating margin -€6,562
down €6,562 (-115%), from -€5,715 to -€12,276
- Financial charges +€315
up €315 (+2.9%), from €10,840 to €11,155
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 | €356,510 | €339,914 | -€16,596 | -4.7% |
| Fixed assets | 21/28 | €352,573 | €337,604 | -€14,969 | -4.2% |
| Tangible fixed assets | 22/27 | €352,573 | €337,604 | -€14,969 | -4.2% |
| Land and buildings | 22 | €352,573 | €337,604 | -€14,969 | -4.2% |
| Current assets | 29/58 | €3,937 | €2,310 | -€1,627 | -41.3% |
| Cash at bank and in hand | 54/58 | €3,937 | €1,715 | -€2,222 | -56.4% |
| Deferred charges and accrued income | 490/1 | - | €595 | +€595 | |
| Total equity and liabilities | 10/49 | €356,510 | €339,914 | -€16,596 | -4.7% |
| Equity | 10/15 | -€37,506 | -€82,142 | -€44,636 | -119% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €1,464 | €1,464 | = | 0.0% |
| Distributable reserves | 133 | €1,464 | €1,464 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€238,970 | -€283,606 | -€44,636 | -18.7% |
| Amounts payable | 17/49 | €394,016 | €422,057 | +€28,040 | +7.1% |
| Amounts payable within one year | 42/48 | €386,459 | €406,722 | +€20,263 | +5.2% |
| Trade debts | 44 | €3,186 | €1,532 | -€1,654 | -51.9% |
| Suppliers | 440/4 | €3,186 | €1,532 | -€1,654 | -51.9% |
| Taxes, remuneration and social security | 45 | €3,239 | €6,572 | +€3,333 | +103% |
| Taxes | 450/3 | €3,239 | €6,572 | +€3,333 | +103% |
| Other amounts payable | 47/48 | €380,034 | €398,619 | +€18,584 | +4.9% |
| Accrued charges and deferred income | 492/3 | €7,557 | €15,334 | +€7,777 | +103% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,969 | €14,969 | = | 0.0% |
| Other operating charges | 640/8 | €6,149 | €6,236 | +€87 | +1.4% |
| Gross operating margin | 9900 | -€5,715 | -€12,276 | -€6,562 | -115% |
| Operating profit (loss) | 9901 | -€26,832 | -€33,481 | -€6,649 | -24.8% |
| Financial charges | 65/66B | €10,840 | €11,155 | +€315 | +2.9% |
| Recurring financial charges | 65 | €10,840 | €11,155 | +€315 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | -€37,672 | -€44,636 | -€6,964 | -18.5% |
| Profit (loss) for the period | 9904 | -€37,672 | -€44,636 | -€6,964 | -18.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,672 | -€44,636 | -€6,964 | -18.5% |
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 24 October 2026 via checked.be.