JORNE: what changed
Two fiscal 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.
JORNE
Largest movements
- Tangible fixed assets -€22,424
down €22,424 (-3.6%), from €630,136 to €607,712
of which Other tangible fixed assets: -€13,897
- Cash +€14,827
up €14,827 (+1439.5%), from €1,030 to €15,857
mainly Depreciation (+€30,120) and Advances received (+€15,000)
- Advances received +€15,000
new in 2025: €15,000
- Reserves -€12,701
down €12,701 (-3.4%), from €374,802 to €362,101
of which Tax-exempt reserves: -€13,300
- Debts after one year +€8,887
up €8,887 (+2.8%), from €320,689 to €329,575
of which Other amounts payable: +€32,760
- Tax, wage and social debts -€8,560
down €8,560 (-73.6%), from €11,632 to €3,072
- Gross operating margin -€54,624
down €54,624 (-70.5%), from €77,448 to €22,825
- Depreciation -€13,700
down €13,700 (-31.3%), from €43,821 to €30,120
- Taxes -€7,745
down €7,745 (-94.3%), from €8,209 to €464
- Financial charges +€2,711
up €2,711 (+34.9%), from €7,774 to €10,484
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 | €841,965 | €835,863 | -€6,102 | -0.7% |
| Fixed assets | 21/28 | €630,136 | €607,712 | -€22,424 | -3.6% |
| Tangible fixed assets | 22/27 | €630,136 | €607,712 | -€22,424 | -3.6% |
| Plant, machinery and equipment | 23 | €21,464 | €18,506 | -€2,958 | -13.8% |
| Furniture and vehicles | 24 | €3,992 | €1,663 | -€2,329 | -58.3% |
| Leasing and similar rights | 25 | €92,130 | €88,889 | -€3,241 | -3.5% |
| Other tangible fixed assets | 26 | €512,551 | €498,654 | -€13,897 | -2.7% |
| Current assets | 29/58 | €211,829 | €228,151 | +€16,323 | +7.7% |
| Amounts receivable after more than one year | 29 | €148,270 | €148,270 | = | 0.0% |
| Other amounts receivable | 291 | €148,270 | €148,270 | = | 0.0% |
| Stocks and contracts in progress | 3 | €47,629 | €45,575 | -€2,054 | -4.3% |
| Stocks | 30/36 | €47,629 | €23,900 | -€23,729 | -49.8% |
| Contracts in progress | 37 | - | €21,675 | +€21,675 | |
| Amounts receivable within one year | 40/41 | €5,379 | €3,161 | -€2,218 | -41.2% |
| Trade receivables | 40 | €5,379 | €3,161 | -€2,218 | -41.2% |
| Cash at bank and in hand | 54/58 | €1,030 | €15,857 | +€14,827 | +1439.5% |
| Deferred charges and accrued income | 490/1 | €9,521 | €15,288 | +€5,768 | +60.6% |
| Total equity and liabilities | 10/49 | €841,965 | €835,863 | -€6,102 | -0.7% |
| Equity | 10/15 | €394,802 | €382,101 | -€12,701 | -3.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €374,802 | €362,101 | -€12,701 | -3.4% |
| Tax-exempt reserves | 132 | €233,038 | €219,738 | -€13,300 | -5.7% |
| Distributable reserves | 133 | €141,764 | €142,363 | +€599 | +0.4% |
| Provisions and deferred taxes | 16 | €77,679 | €73,246 | -€4,433 | -5.7% |
| Deferred taxes | 168 | €77,679 | €73,246 | -€4,433 | -5.7% |
| Amounts payable | 17/49 | €369,484 | €380,516 | +€11,033 | +3.0% |
| Amounts payable after more than one year | 17 | €320,689 | €329,575 | +€8,887 | +2.8% |
| Financial debts | 170/4 | €291,685 | €267,812 | -€23,873 | -8.2% |
| Other amounts payable | 178/9 | €29,004 | €61,764 | +€32,760 | +113.0% |
| Amounts payable within one year | 42/48 | €48,795 | €50,941 | +€2,146 | +4.4% |
| Current portion of amounts payable after more than one year | 42 | €23,438 | €23,873 | +€435 | +1.9% |
| Trade debts | 44 | €13,725 | €8,996 | -€4,729 | -34.5% |
| Suppliers | 440/4 | €13,725 | €8,996 | -€4,729 | -34.5% |
| Advances received on contracts in progress | 46 | - | €15,000 | +€15,000 | |
| Taxes, remuneration and social security | 45 | €11,632 | €3,072 | -€8,560 | -73.6% |
| Taxes | 450/3 | €11,632 | €3,072 | -€8,560 | -73.6% |
| Non-recurring operating income | 76A | €145,744 | - | -€145,744 | |
| Remuneration, social security and pensions | 62 | €191 | - | -€191 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,821 | €30,120 | -€13,700 | -31.3% |
| Other operating charges | 640/8 | €2,653 | €2,842 | +€189 | +7.1% |
| Non-recurring operating charges | 66A | €250 | €250 | = | 0.0% |
| Gross operating margin | 9900 | €77,448 | €22,825 | -€54,624 | -70.5% |
| Operating profit (loss) | 9901 | €30,534 | -€10,387 | -€40,921 | |
| Financial income | 75/76B | €4,276 | €4,202 | -€74 | -1.7% |
| Recurring financial income | 75 | €4,276 | €4,202 | -€74 | -1.7% |
| Financial charges | 65/66B | €7,774 | €10,484 | +€2,711 | +34.9% |
| Recurring financial charges | 65 | €7,774 | €10,484 | +€2,711 | +34.9% |
| Profit (loss) for the period before taxes | 9903 | €27,036 | -€16,670 | -€43,706 | |
| Transfer from deferred taxes | 780 | €4,433 | €4,433 | = | 0.0% |
| Income taxes | 67/77 | €8,209 | €464 | -€7,745 | -94.3% |
| Profit (loss) for the period | 9904 | €23,260 | -€12,701 | -€35,961 | |
| Transfer from tax-exempt reserves | 789 | €13,300 | €13,300 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €36,560 | €599 | -€35,961 | -98.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.