JORIS Nicolas: 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 Nicolas
Largest movements
- Tangible fixed assets -€186,394
down €186,394 (-16.1%), from €1.2m to €972,260
of which Leasing and similar rights: -€154,977
- Receivables within one year -€81,614
down €81,614 (-21.1%), from €387,009 to €305,395
of which Trade receivables: -€73,166
- Cash -€27,341
down €27,341 (-64.6%), from €42,354 to €15,013
mainly Debts after one year (-€185,707) and Trade debts (-€58,349)
- Debts after one year -€185,707
down €185,707 (-27.7%), from €669,390 to €483,684
- Trade debts -€58,349
down €58,349 (-16.7%), from €349,247 to €290,898
- Tax, wage and social debts -€44,924
down €44,924 (-47.2%), from €95,077 to €50,154
of which Remuneration and social security: -€26,855
- Other debts -€24,260
down €24,260 (-22.9%), from €105,950 to €81,690
- Gross operating margin +€137,208
up €137,208 (+21.2%), from €646,193 to €783,401
- Staff costs +€70,252
up €70,252 (+17.1%), from €411,232 to €481,484
- Other operating charges -€22,082
down €22,082 (-47.8%), from €46,164 to €24,081
- Financial charges -€11,729
down €11,729 (-22.4%), from €52,281 to €40,552
- Depreciation +€7,940
up €7,940 (+3.7%), from €212,442 to €220,382
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 | €1,628,268 | €1,316,305 | -€311,963 | -19.2% |
| Fixed assets | 21/28 | €1,185,447 | €984,053 | -€201,394 | -17.0% |
| Tangible fixed assets | 22/27 | €1,158,654 | €972,260 | -€186,394 | -16.1% |
| Plant, machinery and equipment | 23 | €28,200 | €26,600 | -€1,600 | -5.7% |
| Furniture and vehicles | 24 | €152,106 | €122,289 | -€29,817 | -19.6% |
| Leasing and similar rights | 25 | €978,347 | €823,371 | -€154,977 | -15.8% |
| Financial fixed assets | 28 | €26,793 | €11,793 | -€15,000 | -56.0% |
| Current assets | 29/58 | €442,821 | €332,252 | -€110,569 | -25.0% |
| Stocks and contracts in progress | 3 | €7,450 | €7,450 | = | 0.0% |
| Stocks | 30/36 | €7,450 | €7,450 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €387,009 | €305,395 | -€81,614 | -21.1% |
| Trade receivables | 40 | €377,340 | €304,174 | -€73,166 | -19.4% |
| Other amounts receivable | 41 | €9,669 | €1,221 | -€8,448 | -87.4% |
| Cash at bank and in hand | 54/58 | €42,354 | €15,013 | -€27,341 | -64.6% |
| Deferred charges and accrued income | 490/1 | €6,008 | €4,394 | -€1,614 | -26.9% |
| Total equity and liabilities | 10/49 | €1,628,268 | €1,316,305 | -€311,963 | -19.2% |
| Equity | 10/15 | €205,496 | €221,211 | +€15,715 | +7.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €81,860 | €96,871 | +€15,011 | +18.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €80,000 | €95,011 | +€15,011 | +18.8% |
| Profit (loss) carried forward | 14 | €103,329 | €104,033 | +€704 | +0.7% |
| Investment grants | 15 | €1,707 | €1,707 | = | 0.0% |
| Amounts payable | 17/49 | €1,422,772 | €1,095,094 | -€327,678 | -23.0% |
| Amounts payable after more than one year | 17 | €669,390 | €483,684 | -€185,707 | -27.7% |
| Financial debts | 170/4 | €669,390 | €483,684 | -€185,707 | -27.7% |
| Amounts payable within one year | 42/48 | €753,381 | €611,410 | -€141,971 | -18.8% |
| Current portion of amounts payable after more than one year | 42 | €203,107 | €188,668 | -€14,439 | -7.1% |
| Trade debts | 44 | €349,247 | €290,898 | -€58,349 | -16.7% |
| Suppliers | 440/4 | €349,247 | €290,898 | -€58,349 | -16.7% |
| Taxes, remuneration and social security | 45 | €95,077 | €50,154 | -€44,924 | -47.2% |
| Taxes | 450/3 | €43,620 | €25,551 | -€18,068 | -41.4% |
| Remuneration and social security | 454/9 | €51,458 | €24,602 | -€26,855 | -52.2% |
| Other amounts payable | 47/48 | €105,950 | €81,690 | -€24,260 | -22.9% |
| Non-recurring operating income | 76A | €4,707 | €0 | -€4,707 | -100% |
| Remuneration, social security and pensions | 62 | €411,232 | €481,484 | +€70,252 | +17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €212,442 | €220,382 | +€7,940 | +3.7% |
| Other operating charges | 640/8 | €46,164 | €24,081 | -€22,082 | -47.8% |
| Non-recurring operating charges | 66A | - | €389 | +€389 | |
| Gross operating margin | 9900 | €646,193 | €783,401 | +€137,208 | +21.2% |
| Operating profit (loss) | 9901 | -€23,645 | €57,064 | +€80,709 | |
| Financial income | 75/76B | €1,630 | €0 | -€1,630 | -100.0% |
| Recurring financial income | 75 | €1,630 | €0 | -€1,630 | -100.0% |
| Financial charges | 65/66B | €52,281 | €40,552 | -€11,729 | -22.4% |
| Recurring financial charges | 65 | €52,281 | €40,552 | -€11,729 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | -€74,296 | €16,512 | +€90,808 | |
| Income taxes | 67/77 | - | €1,501 | +€1,501 | |
| Profit (loss) for the period | 9904 | -€74,296 | €15,011 | +€89,307 | |
| Profit (loss) for the period to be appropriated | 9905 | -€74,296 | €15,011 | +€89,307 |
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 16 October 2026 via checked.be.