JOROCO: 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.
JOROCO
Largest movements
- Tangible fixed assets -€65,000
down €65,000 (-3.6%), from €1.8m to €1.7m
- Current investments +€55,332
up €55,332 (+12.0%), from €459,923 to €515,255
- Cash -€49,485
down €49,485 (-27.5%), from €180,097 to €130,612
mainly Debts after one year (-€66,672) and Current investments (-€55,332)
- Debts after one year -€66,672
down €66,672 (-12.8%), from €522,184 to €455,512
- Other debts +€26,934
up €26,934 (+3.1%), from €879,760 to €906,694
- Gross operating margin -€17,642
down €17,642 (-11.8%), from €149,886 to €132,244
- Financial charges -€6,444
down €6,444 (-8.2%), from €78,196 to €71,752
- Depreciation -€3,258
down €3,258 (-4.8%), from €68,258 to €65,000
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 | €2,447,437 | €2,394,894 | -€52,543 | -2.1% |
| Fixed assets | 21/28 | €1,797,468 | €1,732,468 | -€65,000 | -3.6% |
| Tangible fixed assets | 22/27 | €1,797,468 | €1,732,468 | -€65,000 | -3.6% |
| Land and buildings | 22 | €1,797,468 | €1,732,468 | -€65,000 | -3.6% |
| Current assets | 29/58 | €649,969 | €662,426 | +€12,457 | +1.9% |
| Amounts receivable within one year | 40/41 | €4,571 | €6,564 | +€1,993 | +43.6% |
| Other amounts receivable | 41 | €4,571 | €6,564 | +€1,993 | +43.6% |
| Current investments | 50/53 | €459,923 | €515,255 | +€55,332 | +12.0% |
| Cash at bank and in hand | 54/58 | €180,097 | €130,612 | -€49,485 | -27.5% |
| Deferred charges and accrued income | 490/1 | €5,379 | €9,996 | +€4,617 | +85.8% |
| Total equity and liabilities | 10/49 | €2,447,437 | €2,394,894 | -€52,543 | -2.1% |
| Equity | 10/15 | €908,264 | €900,560 | -€7,704 | -0.8% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Capital | 10 | €70,000 | €70,000 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €838,264 | €838,264 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,000 | €7,000 | = | 0.0% |
| Legal reserve | 130 | €7,000 | €7,000 | = | 0.0% |
| Distributable reserves | 133 | €831,264 | €831,264 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€7,704 | -€7,704 | |
| Amounts payable | 17/49 | €1,539,173 | €1,494,334 | -€44,839 | -2.9% |
| Amounts payable after more than one year | 17 | €522,184 | €455,512 | -€66,672 | -12.8% |
| Financial debts | 170/4 | €522,184 | €455,512 | -€66,672 | -12.8% |
| Amounts payable within one year | 42/48 | €967,599 | €993,886 | +€26,287 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €66,672 | €66,672 | = | 0.0% |
| Trade debts | 44 | - | €1,262 | +€1,262 | |
| Suppliers | 440/4 | - | €1,262 | +€1,262 | |
| Taxes, remuneration and social security | 45 | €21,167 | €19,258 | -€1,909 | -9.0% |
| Taxes | 450/3 | €21,167 | €19,258 | -€1,909 | -9.0% |
| Other amounts payable | 47/48 | €879,760 | €906,694 | +€26,934 | +3.1% |
| Accrued charges and deferred income | 492/3 | €49,390 | €44,936 | -€4,454 | -9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,258 | €65,000 | -€3,258 | -4.8% |
| Other operating charges | 640/8 | €13,843 | €14,276 | +€433 | +3.1% |
| Gross operating margin | 9900 | €149,886 | €132,244 | -€17,642 | -11.8% |
| Operating profit (loss) | 9901 | €67,784 | €52,968 | -€14,816 | -21.9% |
| Financial income | 75/76B | €10,579 | €11,122 | +€543 | +5.1% |
| Recurring financial income | 75 | €10,579 | €11,122 | +€543 | +5.1% |
| Financial charges | 65/66B | €78,196 | €71,752 | -€6,444 | -8.2% |
| Recurring financial charges | 65 | €78,196 | €71,752 | -€6,444 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | €168 | -€7,662 | -€7,829 | |
| Income taxes | 67/77 | - | €42 | +€42 | |
| Profit (loss) for the period | 9904 | €168 | -€7,704 | -€7,871 | |
| Profit (loss) for the period to be appropriated | 9905 | €168 | -€7,704 | -€7,871 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.