JORIS: 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.
JORIS
Largest movements
- Current investments +€2.0m
up €2.0m (+23.6%), from €8.5m to €10.5m
- Receivables within one year +€1.5m
up €1.5m (+188.4%), from €813,261 to €2.3m
of which Trade receivables: +€1.2m
- Tangible fixed assets +€1.2m
up €1.2m (+90.2%), from €1.3m to €2.4m
of which Plant, machinery and equipment: +€1.4m
- Cash -€668,794
down €668,794 (-78.7%), from €849,845 to €181,051
mainly Current investments (-€2.0m) and Receivables within one year (-€1.5m)
- Deferred charges and accrued income -€625,172
down €625,172 (-99.0%), from €631,744 to €6,572
- Reserves +€1.8m
up €1.8m (+25.9%), from €7.1m to €9.0m
of which Distributable reserves: +€1.9m
- Debts after one year +€869,428
up €869,428 (+200.6%), from €433,333 to €1.3m
- Trade debts +€227,723
up €227,723 (+35.7%), from €638,509 to €866,232
- Other debts -€176,591
down €176,591 (-100.0%), from €176,591 to €0
- Gross operating margin +€279,728
up €279,728 (+14.8%), from €1.9m to €2.2m
- Financial income +€143,552
up €143,552 (+20.8%), from €691,046 to €834,598
- Taxes -€127,292
down €127,292 (-28.9%), from €440,324 to €313,032
- Financial charges +€102,142
up €102,142 (+40.3%), from €253,410 to €355,552
- Other operating charges +€76,791
up €76,791 (+190.5%), from €40,313 to €117,104
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 | €13,173,922 | €16,090,036 | +€2.9m | +22.1% |
| Fixed assets | 21/28 | €1,284,868 | €2,442,380 | +€1.2m | +90.1% |
| Tangible fixed assets | 22/27 | €1,283,129 | €2,440,640 | +€1.2m | +90.2% |
| Land and buildings | 22 | €920,928 | €711,112 | -€209,815 | -22.8% |
| Plant, machinery and equipment | 23 | €13,261 | €1,424,150 | +€1.4m | +10639.0% |
| Furniture and vehicles | 24 | €348,940 | €305,377 | -€43,562 | -12.5% |
| Financial fixed assets | 28 | €1,739 | €1,739 | = | 0.0% |
| Current assets | 29/58 | €11,889,054 | €13,647,657 | +€1.8m | +14.8% |
| Stocks and contracts in progress | 3 | €1,094,204 | €606,147 | -€488,057 | -44.6% |
| Stocks | 30/36 | €1,094,204 | €606,147 | -€488,057 | -44.6% |
| Amounts receivable within one year | 40/41 | €813,261 | €2,345,264 | +€1.5m | +188.4% |
| Trade receivables | 40 | €694,381 | €1,886,202 | +€1.2m | +171.6% |
| Other amounts receivable | 41 | €118,879 | €459,063 | +€340,183 | +286.2% |
| Current investments | 50/53 | €8,500,000 | €10,508,622 | +€2.0m | +23.6% |
| Cash at bank and in hand | 54/58 | €849,845 | €181,051 | -€668,794 | -78.7% |
| Deferred charges and accrued income | 490/1 | €631,744 | €6,572 | -€625,172 | -99.0% |
| Total equity and liabilities | 10/49 | €13,173,922 | €16,090,036 | +€2.9m | +22.1% |
| Equity | 10/15 | €7,190,336 | €9,035,989 | +€1.8m | +25.7% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €7,115,968 | €8,961,621 | +€1.8m | +25.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €1,912,648 | €1,849,498 | -€63,150 | -3.3% |
| Distributable reserves | 133 | €5,203,320 | €7,112,122 | +€1.9m | +36.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €5,983,586 | €7,054,048 | +€1.1m | +17.9% |
| Amounts payable after more than one year | 17 | €433,333 | €1,302,762 | +€869,428 | +200.6% |
| Financial debts | 170/4 | €433,333 | €1,302,762 | +€869,428 | +200.6% |
| Amounts payable within one year | 42/48 | €5,535,753 | €5,736,786 | +€201,033 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €210,000 | €355,608 | +€145,608 | +69.3% |
| Financial debts | 43 | €4,500,000 | €4,500,000 | = | 0.0% |
| Credit institutions | 430/8 | €4,500,000 | €4,500,000 | = | 0.0% |
| Trade debts | 44 | €638,509 | €866,232 | +€227,723 | +35.7% |
| Suppliers | 440/4 | €638,509 | €866,232 | +€227,723 | +35.7% |
| Taxes, remuneration and social security | 45 | €10,653 | €14,946 | +€4,293 | +40.3% |
| Taxes | 450/3 | €848 | €1,855 | +€1,007 | +118.7% |
| Remuneration and social security | 454/9 | €9,805 | €13,091 | +€3,286 | +33.5% |
| Other amounts payable | 47/48 | €176,591 | €0 | -€176,591 | -100.0% |
| Accrued charges and deferred income | 492/3 | €14,500 | €14,500 | = | 0.0% |
| Non-recurring operating income | 76A | €18,500 | €4,000 | -€14,500 | -78.4% |
| Remuneration, social security and pensions | 62 | €124,470 | €107,063 | -€17,407 | -14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €373,492 | €345,092 | -€28,400 | -7.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€76,655 | -€76,655 | |
| Other operating charges | 640/8 | €40,313 | €117,104 | +€76,791 | +190.5% |
| Gross operating margin | 9900 | €1,892,513 | €2,172,242 | +€279,728 | +14.8% |
| Operating profit (loss) | 9901 | €1,354,239 | €1,679,639 | +€325,400 | +24.0% |
| Financial income | 75/76B | €691,046 | €834,598 | +€143,552 | +20.8% |
| Recurring financial income | 75 | €691,046 | €834,598 | +€143,552 | +20.8% |
| Financial charges | 65/66B | €253,410 | €355,552 | +€102,142 | +40.3% |
| Recurring financial charges | 65 | €253,410 | €355,552 | +€102,142 | +40.3% |
| Profit (loss) for the period before taxes | 9903 | €1,791,875 | €2,158,685 | +€366,810 | +20.5% |
| Transfer from deferred taxes | 780 | €512 | €0 | -€512 | -100.0% |
| Income taxes | 67/77 | €440,324 | €313,032 | -€127,292 | -28.9% |
| Profit (loss) for the period | 9904 | €1,352,063 | €1,845,653 | +€493,590 | +36.5% |
| Transfer from tax-exempt reserves | 789 | - | €357,850 | +€357,850 | |
| Transfer to tax-exempt reserves | 689 | €694,650 | €294,700 | -€399,950 | -57.6% |
| Profit (loss) for the period to be appropriated | 9905 | €657,413 | €1,908,803 | +€1.3m | +190.4% |
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 10 October 2026 via checked.be.