JORES: 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.
JORES
Largest movements
- Receivables within one year -€191,618
down €191,618 (-81.4%), from €235,406 to €43,788
of which Other amounts receivable: -€110,972
- Cash +€13,976
up €13,976 (+111%), from €12,594 to €26,570
mainly Receivables within one year (+€191,618) and Trade debts (+€16,939)
- Deferred charges and accrued income -€12,612
down €12,612 (-62.9%), from €20,046 to €7,434
- Tangible fixed assets -€7,287
down €7,287 (-31.4%), from €23,212 to €15,924
of which Furniture and vehicles: -€6,747
- Profit (loss) carried forward -€158,548
down €158,548 (-666%), from -€23,808 to -€182,356
- Other debts -€48,392
down €48,392 (-94.8%), from €51,066 to €2,674
- Trade debts +€16,939
up €16,939 (+64.2%), from €26,380 to €43,319
- Tax, wage and social debts -€7,710
down €7,710 (-50.9%), from €15,140 to €7,430
of which Taxes: -€5,785
- Debts after one year -€3,664
down €3,664 (-38.9%), from €9,429 to €5,765
- Other operating charges -€22,386
down €22,386 (-99.2%), from €22,570 to €183
- Taxes -€18,744
no longer reported in 2025 (was €18,744)
- Gross operating margin -€17,431
down €17,431 (-13.2%), from €132,218 to €114,787
- Staff costs +€14,351
up €14,351 (+14.0%), from €102,364 to €116,716
- Financial charges -€2,505
down €2,505 (-84.1%), from €2,979 to €475
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 | €298,346 | €97,274 | -€201,072 | -67.4% |
| Fixed assets | 21/28 | €30,300 | €19,482 | -€10,818 | -35.7% |
| Intangible fixed assets | 21 | €4,589 | €3,558 | -€1,031 | -22.5% |
| Tangible fixed assets | 22/27 | €23,212 | €15,924 | -€7,287 | -31.4% |
| Plant, machinery and equipment | 23 | €2,695 | €2,155 | -€540 | -20.0% |
| Furniture and vehicles | 24 | €20,516 | €13,769 | -€6,747 | -32.9% |
| Financial fixed assets | 28 | €2,500 | - | -€2,500 | |
| Current assets | 29/58 | €268,046 | €77,792 | -€190,254 | -71.0% |
| Amounts receivable within one year | 40/41 | €235,406 | €43,788 | -€191,618 | -81.4% |
| Trade receivables | 40 | €124,198 | €43,552 | -€80,645 | -64.9% |
| Other amounts receivable | 41 | €111,208 | €236 | -€110,972 | -99.8% |
| Cash at bank and in hand | 54/58 | €12,594 | €26,570 | +€13,976 | +111% |
| Deferred charges and accrued income | 490/1 | €20,046 | €7,434 | -€12,612 | -62.9% |
| Total equity and liabilities | 10/49 | €298,346 | €97,274 | -€201,072 | -67.4% |
| Equity | 10/15 | €192,770 | €34,222 | -€158,548 | -82.2% |
| Contributions | 10/11 | €200,600 | €200,600 | = | 0.0% |
| Reserves | 13 | €15,978 | €15,978 | = | 0.0% |
| Distributable reserves | 133 | €15,978 | €15,978 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,808 | -€182,356 | -€158,548 | -666% |
| Amounts payable | 17/49 | €105,575 | €63,052 | -€42,524 | -40.3% |
| Amounts payable after more than one year | 17 | €9,429 | €5,765 | -€3,664 | -38.9% |
| Financial debts | 170/4 | €9,429 | €5,765 | -€3,664 | -38.9% |
| Amounts payable within one year | 42/48 | €96,114 | €57,087 | -€39,027 | -40.6% |
| Current portion of amounts payable after more than one year | 42 | €3,527 | €3,664 | +€137 | +3.9% |
| Trade debts | 44 | €26,380 | €43,319 | +€16,939 | +64.2% |
| Suppliers | 440/4 | €26,380 | €43,319 | +€16,939 | +64.2% |
| Taxes, remuneration and social security | 45 | €15,140 | €7,430 | -€7,710 | -50.9% |
| Taxes | 450/3 | €8,410 | €2,625 | -€5,785 | -68.8% |
| Remuneration and social security | 454/9 | €6,731 | €4,805 | -€1,926 | -28.6% |
| Other amounts payable | 47/48 | €51,066 | €2,674 | -€48,392 | -94.8% |
| Accrued charges and deferred income | 492/3 | €33 | €200 | +€167 | +508% |
| Non-recurring operating income | 76A | €43,433 | - | -€43,433 | |
| Remuneration, social security and pensions | 62 | €102,364 | €116,716 | +€14,351 | +14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,544 | €9,474 | -€69 | -0.7% |
| Other operating charges | 640/8 | €22,570 | €183 | -€22,386 | -99.2% |
| Non-recurring operating charges | 66A | - | €146,563 | +€146,563 | |
| Gross operating margin | 9900 | €132,218 | €114,787 | -€17,431 | -13.2% |
| Operating profit (loss) | 9901 | -€2,260 | -€158,149 | -€155,889 | -6,898% |
| Financial income | 75/76B | €176 | €76 | -€100 | -56.9% |
| Recurring financial income | 75 | €176 | €76 | -€100 | -56.9% |
| Financial charges | 65/66B | €2,979 | €475 | -€2,505 | -84.1% |
| Recurring financial charges | 65 | €2,979 | €475 | -€2,505 | -84.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,063 | -€158,548 | -€153,485 | -3,031% |
| Income taxes | 67/77 | €18,744 | - | -€18,744 | |
| Profit (loss) for the period | 9904 | -€23,808 | -€158,548 | -€134,741 | -566% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,808 | -€158,548 | -€134,741 | -566% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.