JORNACO: 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.
JORNACO
Largest movements
- Receivables within one year +€7,408
up €7,408 (+100%), from €7,402 to €14,810
of which Other amounts receivable: +€6,880
- Cash +€2,215
up €2,215 (+5.3%), from €41,984 to €44,199
mainly Net result for the year (+€10,569) and Other debts (+€10,187)
- Other debts +€10,187
up €10,187 (+84.2%), from €12,095 to €22,281
- Trade debts -€1,408
down €1,408 (-28.7%), from €4,909 to €3,502
- Gross operating margin +€4,659
up €4,659 (+44.1%), from €10,564 to €15,223
- Taxes +€647
up €647 (+28.3%), from €2,285 to €2,932
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 | €52,653 | €61,428 | +€8,775 | +16.7% |
| Formation expenses | 20 | €652 | €351 | -€301 | -46.2% |
| Fixed assets | 21/28 | €2,615 | €2,068 | -€547 | -20.9% |
| Tangible fixed assets | 22/27 | €2,615 | €2,068 | -€547 | -20.9% |
| Plant, machinery and equipment | 23 | €1,461 | €1,261 | -€200 | -13.7% |
| Furniture and vehicles | 24 | €1,155 | €807 | -€347 | -30.1% |
| Current assets | 29/58 | €49,386 | €59,008 | +€9,623 | +19.5% |
| Amounts receivable within one year | 40/41 | €7,402 | €14,810 | +€7,408 | +100% |
| Trade receivables | 40 | €5,712 | €6,240 | +€528 | +9.2% |
| Other amounts receivable | 41 | €1,690 | €8,570 | +€6,880 | +407% |
| Cash at bank and in hand | 54/58 | €41,984 | €44,199 | +€2,215 | +5.3% |
| Total equity and liabilities | 10/49 | €52,653 | €61,428 | +€8,775 | +16.7% |
| Equity | 10/15 | €26,682 | €26,682 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €24,682 | €24,682 | = | 0.0% |
| Distributable reserves | 133 | €24,682 | €24,682 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €25,971 | €34,746 | +€8,775 | +33.8% |
| Amounts payable within one year | 42/48 | €25,412 | €34,413 | +€9,001 | +35.4% |
| Trade debts | 44 | €4,909 | €3,502 | -€1,408 | -28.7% |
| Suppliers | 440/4 | €4,909 | €3,502 | -€1,408 | -28.7% |
| Taxes, remuneration and social security | 45 | €8,408 | €8,629 | +€222 | +2.6% |
| Taxes | 450/3 | €6,268 | €6,472 | +€204 | +3.2% |
| Remuneration and social security | 454/9 | €2,139 | €2,157 | +€18 | +0.8% |
| Other amounts payable | 47/48 | €12,095 | €22,281 | +€10,187 | +84.2% |
| Accrued charges and deferred income | 492/3 | €559 | €333 | -€226 | -40.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €848 | €848 | = | 0.0% |
| Other operating charges | 640/8 | €633 | €653 | +€20 | +3.1% |
| Gross operating margin | 9900 | €10,564 | €15,223 | +€4,659 | +44.1% |
| Operating profit (loss) | 9901 | €9,083 | €13,723 | +€4,640 | +51.1% |
| Financial charges | 65/66B | €328 | €222 | -€106 | -32.4% |
| Recurring financial charges | 65 | €328 | €222 | -€106 | -32.4% |
| Profit (loss) for the period before taxes | 9903 | €8,755 | €13,501 | +€4,746 | +54.2% |
| Income taxes | 67/77 | €2,285 | €2,932 | +€647 | +28.3% |
| Profit (loss) for the period | 9904 | €6,470 | €10,569 | +€4,099 | +63.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,470 | €10,569 | +€4,099 | +63.4% |
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 14 October 2026 via checked.be.