JORECA: 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.
JORECA
Largest movements
- Receivables within one year +€19,038
up €19,038 (+16.9%), from €112,390 to €131,428
of which Other amounts receivable: +€9,998
- Profit (loss) carried forward +€92,479
up €92,479 (+68.9%), from -€134,270 to -€41,790
- Debts after one year -€78,269
down €78,269 (-52.2%), from €149,832 to €71,563
- Trade debts +€4,542
up €4,542 (+8,340%), from €54 to €4,597
- Gross operating margin +€13,301
up €13,301 (+16.7%), from €79,714 to €93,015
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 | €112,721 | €131,457 | +€18,736 | +16.6% |
| Fixed assets | 21/28 | €289 | - | -€289 | |
| Tangible fixed assets | 22/27 | €289 | - | -€289 | |
| Furniture and vehicles | 24 | €289 | - | -€289 | |
| Current assets | 29/58 | €112,432 | €131,457 | +€19,025 | +16.9% |
| Amounts receivable within one year | 40/41 | €112,390 | €131,428 | +€19,038 | +16.9% |
| Trade receivables | 40 | €12,388 | €21,428 | +€9,040 | +73.0% |
| Other amounts receivable | 41 | €100,002 | €110,000 | +€9,998 | +10.0% |
| Cash at bank and in hand | 54/58 | €20 | €8 | -€12 | -61.6% |
| Deferred charges and accrued income | 490/1 | €23 | €21 | -€1 | -5.4% |
| Total equity and liabilities | 10/49 | €112,721 | €131,457 | +€18,736 | +16.6% |
| Equity | 10/15 | -€44,270 | €48,210 | +€92,479 | |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€134,270 | -€41,790 | +€92,479 | +68.9% |
| Amounts payable | 17/49 | €156,991 | €83,247 | -€73,743 | -47.0% |
| Amounts payable after more than one year | 17 | €149,832 | €71,563 | -€78,269 | -52.2% |
| Other amounts payable | 178/9 | €149,832 | €71,563 | -€78,269 | -52.2% |
| Amounts payable within one year | 42/48 | €5,071 | €10,117 | +€5,046 | +99.5% |
| Trade debts | 44 | €54 | €4,597 | +€4,542 | +8,340% |
| Suppliers | 440/4 | €54 | €4,597 | +€4,542 | +8,340% |
| Taxes, remuneration and social security | 45 | €5,016 | €5,520 | +€504 | +10.1% |
| Taxes | 450/3 | €5,016 | €5,520 | +€504 | +10.1% |
| Accrued charges and deferred income | 492/3 | €2,088 | €1,567 | -€521 | -24.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €867 | €289 | -€578 | -66.7% |
| Other operating charges | 640/8 | €141 | €144 | +€4 | +2.6% |
| Gross operating margin | 9900 | €79,714 | €93,015 | +€13,301 | +16.7% |
| Operating profit (loss) | 9901 | €78,706 | €92,582 | +€13,876 | +17.6% |
| Financial charges | 65/66B | €372 | €103 | -€269 | -72.4% |
| Recurring financial charges | 65 | €372 | €103 | -€269 | -72.4% |
| Profit (loss) for the period before taxes | 9903 | €78,334 | €92,479 | +€14,145 | +18.1% |
| Profit (loss) for the period | 9904 | €78,334 | €92,479 | +€14,145 | +18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €78,334 | €92,479 | +€14,145 | +18.1% |
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 27 October 2026 via checked.be.