JOREN: 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.
JOREN
Largest movements
- Tangible fixed assets -€23,965
down €23,965 (-6.8%), from €350,583 to €326,618
of which Land and buildings: -€27,778
- Cash -€11,255
down €11,255 (-26.1%), from €43,129 to €31,874
mainly Contributions, distributions and other (-€34,000) and Debts after one year (-€23,989)
- Debts after one year -€23,989
down €23,989 (-16.9%), from €141,836 to €117,847
of which Financial debts: -€27,389
- Other debts -€6,968
down €6,968 (-23.2%), from €30,056 to €23,088
- Reserves -€4,100
down €4,100 (-2.8%), from €146,716 to €142,616
- Gross operating margin -€17,782
down €17,782 (-17.3%), from €102,764 to €84,982
- Taxes -€4,755
down €4,755 (-28.9%), from €16,461 to €11,706
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 | €396,419 | €361,443 | -€34,976 | -8.8% |
| Fixed assets | 21/28 | €350,583 | €326,618 | -€23,965 | -6.8% |
| Tangible fixed assets | 22/27 | €350,583 | €326,618 | -€23,965 | -6.8% |
| Land and buildings | 22 | €345,024 | €317,246 | -€27,778 | -8.1% |
| Plant, machinery and equipment | 23 | €4,320 | €8,658 | +€4,338 | +100.4% |
| Furniture and vehicles | 24 | €1,239 | €714 | -€525 | -42.4% |
| Current assets | 29/58 | €45,836 | €34,825 | -€11,011 | -24.0% |
| Amounts receivable within one year | 40/41 | €750 | - | -€750 | |
| Trade receivables | 40 | €750 | - | -€750 | |
| Cash at bank and in hand | 54/58 | €43,129 | €31,874 | -€11,255 | -26.1% |
| Deferred charges and accrued income | 490/1 | €1,957 | €2,951 | +€994 | +50.8% |
| Total equity and liabilities | 10/49 | €396,419 | €361,443 | -€34,976 | -8.8% |
| Equity | 10/15 | €178,532 | €174,524 | -€4,008 | -2.2% |
| Contributions | 10/11 | €9,470 | €9,470 | = | 0.0% |
| Reserves | 13 | €146,716 | €142,616 | -€4,100 | -2.8% |
| Distributable reserves | 133 | €146,716 | €142,616 | -€4,100 | -2.8% |
| Profit (loss) carried forward | 14 | €22,346 | €22,438 | +€92 | +0.4% |
| Amounts payable | 17/49 | €217,887 | €186,919 | -€30,968 | -14.2% |
| Amounts payable after more than one year | 17 | €141,836 | €117,847 | -€23,989 | -16.9% |
| Financial debts | 170/4 | €124,336 | €96,947 | -€27,389 | -22.0% |
| Other amounts payable | 178/9 | €17,500 | €20,900 | +€3,400 | +19.4% |
| Amounts payable within one year | 42/48 | €76,051 | €69,072 | -€6,979 | -9.2% |
| Current portion of amounts payable after more than one year | 42 | €37,183 | €34,020 | -€3,163 | -8.5% |
| Trade debts | 44 | €1,751 | €2,198 | +€447 | +25.5% |
| Suppliers | 440/4 | €1,751 | €2,198 | +€447 | +25.5% |
| Taxes, remuneration and social security | 45 | €7,061 | €9,766 | +€2,705 | +38.3% |
| Taxes | 450/3 | €7,061 | €9,266 | +€2,205 | +31.2% |
| Remuneration and social security | 454/9 | - | €500 | +€500 | |
| Other amounts payable | 47/48 | €30,056 | €23,088 | -€6,968 | -23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,765 | €31,702 | -€63 | -0.2% |
| Other operating charges | 640/8 | €7,376 | €7,527 | +€151 | +2.0% |
| Gross operating margin | 9900 | €102,764 | €84,982 | -€17,782 | -17.3% |
| Operating profit (loss) | 9901 | €63,623 | €45,753 | -€17,870 | -28.1% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €4,797 | €4,055 | -€742 | -15.5% |
| Recurring financial charges | 65 | €4,797 | €4,055 | -€742 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €58,829 | €41,698 | -€17,131 | -29.1% |
| Income taxes | 67/77 | €16,461 | €11,706 | -€4,755 | -28.9% |
| Profit (loss) for the period | 9904 | €42,368 | €29,992 | -€12,376 | -29.2% |
| Profit (loss) for the period to be appropriated | 9905 | €42,368 | €29,992 | -€12,376 | -29.2% |
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 5 October 2026 via checked.be.