JORO: 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.
JORO
Largest movements
- Cash +€7,160
up €7,160 (+20.6%), from €34,758 to €41,918
mainly Depreciation (+€6,667) and Accrued charges and deferred income (+€3,252)
- Tangible fixed assets -€6,667
down €6,667 (-7.7%), from €86,390 to €79,723
of which Land and buildings: -€4,462
- Accrued charges and deferred income +€3,252
up €3,252 (+230.9%), from €1,408 to €4,660
- Short-term financial debts -€2,690
down €2,690 (-6.3%), from €42,839 to €40,149
- Trade debts -€1,598
down €1,598 (-100.0%), from €1,598 to €0
- Financial charges +€521
up €521 (+19.1%), from €2,729 to €3,250
- Gross operating margin +€468
up €468 (+3.7%), from €12,533 to €13,001
- Depreciation +€205
up €205 (+3.2%), from €6,462 to €6,667
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 | €123,807 | €122,459 | -€1,348 | -1.1% |
| Fixed assets | 21/28 | €86,390 | €79,723 | -€6,667 | -7.7% |
| Tangible fixed assets | 22/27 | €86,390 | €79,723 | -€6,667 | -7.7% |
| Land and buildings | 22 | €64,989 | €60,527 | -€4,462 | -6.9% |
| Plant, machinery and equipment | 23 | €21,401 | €19,195 | -€2,206 | -10.3% |
| Current assets | 29/58 | €37,417 | €42,736 | +€5,319 | +14.2% |
| Amounts receivable within one year | 40/41 | €1,176 | €518 | -€658 | -55.9% |
| Other amounts receivable | 41 | €1,176 | €518 | -€658 | -55.9% |
| Cash at bank and in hand | 54/58 | €34,758 | €41,918 | +€7,160 | +20.6% |
| Deferred charges and accrued income | 490/1 | €1,482 | €299 | -€1,183 | -79.8% |
| Total equity and liabilities | 10/49 | €123,807 | €122,459 | -€1,348 | -1.1% |
| Equity | 10/15 | €76,841 | €77,337 | +€496 | +0.6% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €51,239 | €51,735 | +€496 | +1.0% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Distributable reserves | 133 | €48,760 | €49,256 | +€496 | +1.0% |
| Profit (loss) carried forward | 14 | €813 | €813 | = | 0.0% |
| Amounts payable | 17/49 | €46,965 | €45,121 | -€1,844 | -3.9% |
| Amounts payable within one year | 42/48 | €45,557 | €40,461 | -€5,096 | -11.2% |
| Financial debts | 43 | €42,839 | €40,149 | -€2,690 | -6.3% |
| Other loans | 439 | €42,839 | €40,149 | -€2,690 | -6.3% |
| Trade debts | 44 | €1,598 | €0 | -€1,598 | -100.0% |
| Suppliers | 440/4 | €1,598 | €0 | -€1,598 | -100.0% |
| Taxes, remuneration and social security | 45 | €807 | €0 | -€807 | -100.0% |
| Taxes | 450/3 | €807 | €0 | -€807 | -100.0% |
| Other amounts payable | 47/48 | €313 | €313 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,408 | €4,660 | +€3,252 | +230.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,462 | €6,667 | +€205 | +3.2% |
| Other operating charges | 640/8 | €2,322 | €2,356 | +€34 | +1.5% |
| Non-recurring operating charges | 66A | €6 | €0 | -€6 | -100.0% |
| Gross operating margin | 9900 | €12,533 | €13,001 | +€468 | +3.7% |
| Operating profit (loss) | 9901 | €3,743 | €3,978 | +€234 | +6.3% |
| Financial charges | 65/66B | €2,729 | €3,250 | +€521 | +19.1% |
| Recurring financial charges | 65 | €2,729 | €3,250 | +€521 | +19.1% |
| Profit (loss) for the period before taxes | 9903 | €1,014 | €728 | -€287 | -28.2% |
| Income taxes | 67/77 | €324 | €232 | -€92 | -28.5% |
| Profit (loss) for the period | 9904 | €690 | €496 | -€194 | -28.1% |
| Profit (loss) for the period to be appropriated | 9905 | €690 | €496 | -€194 | -28.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.