JORISHOEVE: 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.
JORISHOEVE
Largest movements
- Tangible fixed assets +€337,621
up €337,621 (+104%), from €324,796 to €662,417
of which Other tangible fixed assets: +€359,618
- Cash +€29,359
up €29,359 (+25.5%), from €114,985 to €144,344
mainly Trade debts (+€103,228) and Net result for the year (+€90,373)
- Stocks and contracts +€15,000
up €15,000 (+214%), from €7,000 to €22,000
- Receivables within one year -€11,561
down €11,561 (-38.0%), from €30,391 to €18,829
of which Other amounts receivable: -€29,213
- Trade debts +€103,228
up €103,228 (+253%), from €40,838 to €144,065
- Reserves +€90,373
up €90,373 (+70.4%), from €128,354 to €218,727
- Debts after one year +€79,821
up €79,821 (+56.4%), from €141,441 to €221,262
- Other debts +€49,664
up €49,664 (+55.7%), from €89,169 to €138,833
- Tax, wage and social debts +€44,883
up €44,883 (+171%), from €26,264 to €71,147
of which Taxes: +€30,719
- Gross operating margin +€364,847
up €364,847 (+238%), from €152,985 to €517,832
- Staff costs +€245,604
up €245,604 (+519%), from €47,305 to €292,909
- Depreciation +€58,477
up €58,477 (+229%), from €25,502 to €83,979
- Financial charges +€15,190
up €15,190 (+176%), from €8,622 to €23,813
- Taxes +€9,787
up €9,787 (+57.7%), from €16,948 to €26,735
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 | €481,107 | €852,647 | +€371,539 | +77.2% |
| Fixed assets | 21/28 | €324,796 | €662,417 | +€337,621 | +104% |
| Tangible fixed assets | 22/27 | €324,796 | €662,417 | +€337,621 | +104% |
| Plant, machinery and equipment | 23 | €62,043 | €51,405 | -€10,638 | -17.1% |
| Furniture and vehicles | 24 | €13,763 | €8,050 | -€5,714 | -41.5% |
| Leasing and similar rights | 25 | €18,419 | €12,774 | -€5,645 | -30.6% |
| Other tangible fixed assets | 26 | €230,570 | €590,188 | +€359,618 | +156% |
| Current assets | 29/58 | €156,312 | €190,230 | +€33,918 | +21.7% |
| Stocks and contracts in progress | 3 | €7,000 | €22,000 | +€15,000 | +214% |
| Stocks | 30/36 | €7,000 | €22,000 | +€15,000 | +214% |
| Amounts receivable within one year | 40/41 | €30,391 | €18,829 | -€11,561 | -38.0% |
| Trade receivables | 40 | €750 | €18,402 | +€17,652 | +2,354% |
| Other amounts receivable | 41 | €29,641 | €428 | -€29,213 | -98.6% |
| Cash at bank and in hand | 54/58 | €114,985 | €144,344 | +€29,359 | +25.5% |
| Deferred charges and accrued income | 490/1 | €3,936 | €5,057 | +€1,121 | +28.5% |
| Total equity and liabilities | 10/49 | €481,107 | €852,647 | +€371,539 | +77.2% |
| Equity | 10/15 | €138,354 | €228,727 | +€90,373 | +65.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €128,354 | €218,727 | +€90,373 | +70.4% |
| Distributable reserves | 133 | €128,354 | €218,727 | +€90,373 | +70.4% |
| Amounts payable | 17/49 | €342,754 | €623,920 | +€281,166 | +82.0% |
| Amounts payable after more than one year | 17 | €141,441 | €221,262 | +€79,821 | +56.4% |
| Financial debts | 170/4 | €141,441 | €221,262 | +€79,821 | +56.4% |
| Amounts payable within one year | 42/48 | €201,313 | €402,534 | +€201,221 | +100.0% |
| Current portion of amounts payable after more than one year | 42 | €42,404 | €45,813 | +€3,409 | +8.0% |
| Financial debts | 43 | €2,639 | €1,156 | -€1,483 | -56.2% |
| Credit institutions | 430/8 | €2,639 | €1,156 | -€1,483 | -56.2% |
| Trade debts | 44 | €40,838 | €144,065 | +€103,228 | +253% |
| Suppliers | 440/4 | €40,838 | €144,065 | +€103,228 | +253% |
| Advances received on contracts in progress | 46 | - | €1,521 | +€1,521 | |
| Taxes, remuneration and social security | 45 | €26,264 | €71,147 | +€44,883 | +171% |
| Taxes | 450/3 | €25,454 | €56,173 | +€30,719 | +121% |
| Remuneration and social security | 454/9 | €810 | €14,974 | +€14,163 | +1,748% |
| Other amounts payable | 47/48 | €89,169 | €138,833 | +€49,664 | +55.7% |
| Accrued charges and deferred income | 492/3 | - | €124 | +€124 | |
| Remuneration, social security and pensions | 62 | €47,305 | €292,909 | +€245,604 | +519% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,502 | €83,979 | +€58,477 | +229% |
| Other operating charges | 640/8 | €269 | €849 | +€580 | +216% |
| Gross operating margin | 9900 | €152,985 | €517,832 | +€364,847 | +238% |
| Operating profit (loss) | 9901 | €79,908 | €140,094 | +€60,186 | +75.3% |
| Financial income | 75/76B | €579 | €827 | +€248 | +42.8% |
| Recurring financial income | 75 | €579 | €827 | +€248 | +42.8% |
| Financial charges | 65/66B | €8,622 | €23,813 | +€15,190 | +176% |
| Recurring financial charges | 65 | €8,622 | €23,813 | +€15,190 | +176% |
| Profit (loss) for the period before taxes | 9903 | €71,865 | €117,109 | +€45,243 | +63.0% |
| Income taxes | 67/77 | €16,948 | €26,735 | +€9,787 | +57.7% |
| Profit (loss) for the period | 9904 | €54,917 | €90,373 | +€35,456 | +64.6% |
| Profit (loss) for the period to be appropriated | 9905 | €54,917 | €90,373 | +€35,456 | +64.6% |
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 25 October 2026 via checked.be.