JORO: what changed
JORO
Largest movements
- Cash -€6,342
down €6,342 (-42.4%), from €14,963 to €8,621
mainly Tax, wage and social debts (-€14,164) and Short-term financial debts (-€3,788)
- Tangible fixed assets -€5,143
down €5,143 (-34.5%), from €14,896 to €9,753
- Tax, wage and social debts -€14,164
down €14,164 (-95.6%), from €14,817 to €653
of which Taxes: -€10,422
- Profit (loss) carried forward +€7,807
up €7,807 (+4.8%), from €163,200 to €171,007
- Short-term financial debts -€3,788
down €3,788 (-57.6%), from €6,575 to €2,787
- Debts after one year -€2,787
no longer reported in 2025 (was €2,787)
- Gross operating margin -€15,570
down €15,570 (-56.7%), from €27,451 to €11,881
- Taxes -€2,606
down €2,606 (-49.5%), from €5,269 to €2,663
- Other operating charges -€2,212
down €2,212 (-60.1%), from €3,680 to €1,468
- Depreciation +€535
up €535 (+7.0%), from €7,608 to €8,143
- Financial income -€420
down €420 (-4.8%), from €8,826 to €8,406
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €208,895 | €196,175 | -€12,720 | -6.1% |
| Fixed assets | 21/28 | €14,896 | €9,753 | -€5,143 | -34.5% |
| Tangible fixed assets | 22/27 | €14,896 | €9,753 | -€5,143 | -34.5% |
| Furniture and vehicles | 24 | €14,896 | €9,753 | -€5,143 | -34.5% |
| Current assets | 29/58 | €193,999 | €186,422 | -€7,577 | -3.9% |
| Amounts receivable within one year | 40/41 | €163,803 | €162,450 | -€1,353 | -0.8% |
| Trade receivables | 40 | €1,746 | €2,216 | +€470 | +26.9% |
| Other amounts receivable | 41 | €162,057 | €160,234 | -€1,823 | -1.1% |
| Current investments | 50/53 | €14,850 | €14,850 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €14,963 | €8,621 | -€6,342 | -42.4% |
| Deferred charges and accrued income | 490/1 | €383 | €501 | +€118 | +30.8% |
| Total equity and liabilities | 10/49 | €208,895 | €196,175 | -€12,720 | -6.1% |
| Equity | 10/15 | €183,660 | €191,467 | +€7,807 | +4.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €163,200 | €171,007 | +€7,807 | +4.8% |
| Amounts payable | 17/49 | €25,235 | €4,708 | -€20,527 | -81.3% |
| Amounts payable after more than one year | 17 | €2,787 | - | -€2,787 | |
| Financial debts | 170/4 | €2,787 | - | -€2,787 | |
| Amounts payable within one year | 42/48 | €22,448 | €4,708 | -€17,740 | -79.0% |
| Financial debts | 43 | €6,575 | €2,787 | -€3,788 | -57.6% |
| Credit institutions | 430/8 | €6,575 | €2,787 | -€3,788 | -57.6% |
| Trade debts | 44 | €1,056 | €1,268 | +€212 | +20.1% |
| Suppliers | 440/4 | €1,056 | €1,268 | +€212 | +20.1% |
| Taxes, remuneration and social security | 45 | €14,817 | €653 | -€14,164 | -95.6% |
| Taxes | 450/3 | €11,075 | €653 | -€10,422 | -94.1% |
| Remuneration and social security | 454/9 | €3,742 | - | -€3,742 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,608 | €8,143 | +€535 | +7.0% |
| Other operating charges | 640/8 | €3,680 | €1,468 | -€2,212 | -60.1% |
| Gross operating margin | 9900 | €27,451 | €11,881 | -€15,570 | -56.7% |
| Operating profit (loss) | 9901 | €16,163 | €2,270 | -€13,893 | -86.0% |
| Financial income | 75/76B | €8,826 | €8,406 | -€420 | -4.8% |
| Recurring financial income | 75 | €8,826 | €8,406 | -€420 | -4.8% |
| Financial charges | 65/66B | €362 | €206 | -€156 | -43.1% |
| Recurring financial charges | 65 | €362 | €206 | -€156 | -43.1% |
| Profit (loss) for the period before taxes | 9903 | €24,627 | €10,470 | -€14,157 | -57.5% |
| Income taxes | 67/77 | €5,269 | €2,663 | -€2,606 | -49.5% |
| Profit (loss) for the period | 9904 | €19,358 | €7,807 | -€11,551 | -59.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,358 | €7,807 | -€11,551 | -59.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.