Jorheco: 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.
Jorheco
Largest movements
- Receivables within one year -€10,923
down €10,923 (-39.8%), from €27,462 to €16,539
of which Trade receivables: -€14,095
- Stocks and contracts -€7,296
down €7,296 (-38.7%), from €18,849 to €11,553
of which Contracts in progress: -€8,500
- Cash -€4,807
down €4,807 (-59.0%), from €8,143 to €3,336
mainly Trade debts (-€13,199) and Net result for the year (-€6,840)
- Tangible fixed assets -€2,977
down €2,977 (-31.0%), from €9,619 to €6,642
of which Furniture and vehicles: -€2,812
- Deferred charges and accrued income -€1,424
down €1,424 (-12.7%), from €11,191 to €9,767
- Trade debts -€13,199
down €13,199 (-86.3%), from €15,289 to €2,090
- Debts after one year -€5,074
down €5,074 (-49.6%), from €10,224 to €5,150
- Reserves -€4,457
down €4,457 (-100.0%), from €4,457 to €0
- Short-term financial debts -€2,715
down €2,715 (-100.0%), from €2,715 to €0
- Profit (loss) carried forward -€2,382
down €2,382, from €0 to -€2,382
- Gross operating margin -€13,228
down €13,228, from €9,940 to -€3,287
- Financial charges -€1,561
down €1,561 (-88.2%), from €1,770 to €208
- Taxes -€1,310
down €1,310 (-90.8%), from €1,442 to €132
- Financial income -€735
down €735 (-60.9%), from €1,207 to €471
- Depreciation +€189
up €189 (+6.5%), from €2,909 to €3,098
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 | €75,384 | €47,837 | -€27,547 | -36.5% |
| Fixed assets | 21/28 | €9,740 | €6,642 | -€3,098 | -31.8% |
| Intangible fixed assets | 21 | €121 | €0 | -€121 | -100.0% |
| Tangible fixed assets | 22/27 | €9,619 | €6,642 | -€2,977 | -31.0% |
| Plant, machinery and equipment | 23 | €165 | €0 | -€165 | -100.0% |
| Furniture and vehicles | 24 | €9,454 | €6,642 | -€2,812 | -29.7% |
| Current assets | 29/58 | €65,644 | €41,195 | -€24,449 | -37.2% |
| Stocks and contracts in progress | 3 | €18,849 | €11,553 | -€7,296 | -38.7% |
| Stocks | 30/36 | €3,849 | €5,053 | +€1,204 | +31.3% |
| Contracts in progress | 37 | €15,000 | €6,500 | -€8,500 | -56.7% |
| Amounts receivable within one year | 40/41 | €27,462 | €16,539 | -€10,923 | -39.8% |
| Trade receivables | 40 | €26,331 | €12,236 | -€14,095 | -53.5% |
| Other amounts receivable | 41 | €1,131 | €4,303 | +€3,172 | +280.6% |
| Cash at bank and in hand | 54/58 | €8,143 | €3,336 | -€4,807 | -59.0% |
| Deferred charges and accrued income | 490/1 | €11,191 | €9,767 | -€1,424 | -12.7% |
| Total equity and liabilities | 10/49 | €75,384 | €47,837 | -€27,547 | -36.5% |
| Equity | 10/15 | €23,057 | €16,218 | -€6,840 | -29.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,457 | €0 | -€4,457 | -100.0% |
| Distributable reserves | 133 | €4,457 | €0 | -€4,457 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | -€2,382 | -€2,382 | |
| Amounts payable | 17/49 | €52,327 | €31,619 | -€20,707 | -39.6% |
| Amounts payable after more than one year | 17 | €10,224 | €5,150 | -€5,074 | -49.6% |
| Financial debts | 170/4 | €10,224 | €5,150 | -€5,074 | -49.6% |
| Amounts payable within one year | 42/48 | €41,911 | €26,341 | -€15,571 | -37.2% |
| Current portion of amounts payable after more than one year | 42 | €4,930 | €5,028 | +€97 | +2.0% |
| Financial debts | 43 | €2,715 | €0 | -€2,715 | -100.0% |
| Credit institutions | 430/8 | €2,715 | €0 | -€2,715 | -100.0% |
| Trade debts | 44 | €15,289 | €2,090 | -€13,199 | -86.3% |
| Suppliers | 440/4 | €15,289 | €2,090 | -€13,199 | -86.3% |
| Taxes, remuneration and social security | 45 | €463 | €46 | -€417 | -90.1% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €463 | €46 | -€417 | -90.1% |
| Other amounts payable | 47/48 | €18,513 | €19,177 | +€664 | +3.6% |
| Accrued charges and deferred income | 492/3 | €191 | €129 | -€63 | -32.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,909 | €3,098 | +€189 | +6.5% |
| Other operating charges | 640/8 | €569 | €585 | +€16 | +2.9% |
| Gross operating margin | 9900 | €9,940 | -€3,287 | -€13,228 | |
| Operating profit (loss) | 9901 | €6,462 | -€6,970 | -€13,433 | |
| Financial income | 75/76B | €1,207 | €471 | -€735 | -60.9% |
| Recurring financial income | 75 | €1,207 | €471 | -€735 | -60.9% |
| Financial charges | 65/66B | €1,770 | €208 | -€1,561 | -88.2% |
| Recurring financial charges | 65 | €1,770 | €208 | -€1,561 | -88.2% |
| Profit (loss) for the period before taxes | 9903 | €5,899 | -€6,708 | -€12,606 | |
| Income taxes | 67/77 | €1,442 | €132 | -€1,310 | -90.8% |
| Profit (loss) for the period | 9904 | €4,457 | -€6,840 | -€11,297 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,457 | -€6,840 | -€11,297 |
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 9 October 2026 via checked.be.