JORENS: 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.
What changed
JORENS
NACE 69.209, Other tax advisory services
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€124,581
2024 · €355,403-€230,821
Equity
€13.5m
2024 · €14.0m-€527,394
Cash
€336,578
2024 · €196,651+€139,927
Balance sheet total
€13.5m
2024 · €14.1m-€572,387
Largest movements
Assets
- Current investments -€731,311
down €731,311 (-48.0%), from €1.5m to €792,037
Equity and liabilities
- Reserves -€527,394
down €527,394 (-5.7%), from €9.3m to €8.8m
of which Distributable reserves: -€527,394
Income statement
- Financial income -€335,447
down €335,447 (-66.1%), from €507,814 to €172,368
- Financial charges -€83,863
down €83,863 (-91.6%), from €91,569 to €7,706
- Taxes -€24,497
down €24,497 (-65.4%), from €37,430 to €12,933
- Gross operating margin -€3,863
down €3,863, from €763 to -€3,100
- Other operating charges -€661
down €661 (-20.8%), from €3,175 to €2,513
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.
Result 2024
€355,403
Gross operating margin
-€3,863
Depreciation
-€532
Other operating charges
+€661
Financial income
-€335,447
Financial charges
+€83,863
Taxes
+€24,497
Result 2025
€124,581
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.
From operations
+€60,591
Investment
+€731,311
Financing
-€651,975
Cash 2024
€196,651
From operations (derived)
+€60,591
Net result for the year
+€124,581
Depreciation
+€21,534
Receivables within one year
-€10,437
Deferred charges and accrued income
-€30,094
Trade debts
-€26
Tax, wage and social debts
-€7,347
Other debts
+€17,896
Accrued charges and deferred income
-€55,517
Investment (derived)
+€731,311
Current investments
+€731,311
Financing
-€651,975
Contributions, distributions and other
-€651,975
Cash 2025
€336,578
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,064,333 | €13,491,946 | -€572,387 | -4.1% |
| Fixed assets | 21/28 | €12,334,128 | €12,312,594 | -€21,534 | -0.2% |
| Tangible fixed assets | 22/27 | €300,235 | €278,701 | -€21,534 | -7.2% |
| Land and buildings | 22 | €6,807 | €4,164 | -€2,643 | -38.8% |
| Furniture and vehicles | 24 | €164,170 | €147,055 | -€17,115 | -10.4% |
| Other tangible fixed assets | 26 | €129,258 | €127,482 | -€1,776 | -1.4% |
| Financial fixed assets | 28 | €12,033,893 | €12,033,893 | = | 0.0% |
| Current assets | 29/58 | €1,730,205 | €1,179,352 | -€550,853 | -31.8% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €6,051 | €16,488 | +€10,437 | +172.5% |
| Trade receivables | 40 | €6,051 | €16,488 | +€10,437 | +172.5% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €1,523,347 | €792,037 | -€731,311 | -48.0% |
| Cash at bank and in hand | 54/58 | €196,651 | €336,578 | +€139,927 | +71.2% |
| Deferred charges and accrued income | 490/1 | €4,156 | €34,250 | +€30,094 | +724.1% |
| Total equity and liabilities | 10/49 | €14,064,333 | €13,491,946 | -€572,387 | -4.1% |
| Equity | 10/15 | €13,984,059 | €13,456,666 | -€527,394 | -3.8% |
| Contributions | 10/11 | €4,699,491 | €4,699,491 | = | 0.0% |
| Reserves | 13 | €9,284,568 | €8,757,175 | -€527,394 | -5.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €9,284,568 | €8,757,175 | -€527,394 | -5.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €80,273 | €35,280 | -€44,993 | -56.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €22,947 | €33,470 | +€10,524 | +45.9% |
| Trade debts | 44 | €1,171 | €1,146 | -€26 | -2.2% |
| Suppliers | 440/4 | €1,171 | €1,146 | -€26 | -2.2% |
| Taxes, remuneration and social security | 45 | €12,466 | €5,119 | -€7,347 | -58.9% |
| Taxes | 450/3 | €12,466 | €5,119 | -€7,347 | -58.9% |
| Other amounts payable | 47/48 | €9,310 | €27,206 | +€17,896 | +192.2% |
| Accrued charges and deferred income | 492/3 | €57,327 | €1,810 | -€55,517 | -96.8% |
| Non-recurring operating income | 76A | €759 | €0 | -€759 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,002 | €21,534 | +€532 | +2.5% |
| Other operating charges | 640/8 | €3,175 | €2,513 | -€661 | -20.8% |
| Gross operating margin | 9900 | €763 | -€3,100 | -€3,863 | |
| Operating profit (loss) | 9901 | -€23,413 | -€27,148 | -€3,734 | -16.0% |
| Financial income | 75/76B | €507,814 | €172,368 | -€335,447 | -66.1% |
| Recurring financial income | 75 | €507,814 | €172,368 | -€335,447 | -66.1% |
| Financial charges | 65/66B | €91,569 | €7,706 | -€83,863 | -91.6% |
| Recurring financial charges | 65 | €91,569 | €7,706 | -€83,863 | -91.6% |
| Profit (loss) for the period before taxes | 9903 | €392,832 | €137,515 | -€255,318 | -65.0% |
| Income taxes | 67/77 | €37,430 | €12,933 | -€24,497 | -65.4% |
| Profit (loss) for the period | 9904 | €355,403 | €124,581 | -€230,821 | -64.9% |
| Profit (loss) for the period to be appropriated | 9905 | €355,403 | €124,581 | -€230,821 | -64.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.