JORSANO: 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.
JORSANO
Largest movements
- Tangible fixed assets +€71,119
up €71,119 (+28.7%), from €247,992 to €319,111
of which Land and buildings: +€64,689
- Receivables within one year +€11,459
up €11,459 (+265%), from €4,327 to €15,786
of which Other amounts receivable: +€11,421
- Cash -€7,498
down €7,498 (-28.8%), from €26,037 to €18,539
mainly Investment in fixed assets (net) (-€101,150) and Receivables within one year (-€11,459)
- Debts after one year +€45,002
up €45,002 (+51.8%), from €86,900 to €131,902
- Reserves +€24,854
up €24,854 (+84.4%), from €29,456 to €54,310
- Other debts +€9,728
up €9,728 (+56.8%), from €17,134 to €26,862
- Gross operating margin +€15,462
up €15,462 (+27.0%), from €57,352 to €72,814
- Other operating charges +€5,364
up €5,364 (+320%), from €1,679 to €7,043
- Depreciation +€2,565
up €2,565 (+9.3%), from €27,465 to €30,030
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 | €279,540 | €354,680 | +€75,140 | +26.9% |
| Fixed assets | 21/28 | €247,992 | €319,111 | +€71,119 | +28.7% |
| Tangible fixed assets | 22/27 | €247,992 | €319,111 | +€71,119 | +28.7% |
| Land and buildings | 22 | €227,899 | €292,588 | +€64,689 | +28.4% |
| Plant, machinery and equipment | 23 | €17,139 | €12,227 | -€4,912 | -28.7% |
| Furniture and vehicles | 24 | €2,954 | €14,297 | +€11,342 | +384% |
| Current assets | 29/58 | €31,547 | €35,569 | +€4,021 | +12.7% |
| Amounts receivable within one year | 40/41 | €4,327 | €15,786 | +€11,459 | +265% |
| Trade receivables | 40 | €2,615 | €2,653 | +€38 | +1.5% |
| Other amounts receivable | 41 | €1,712 | €13,133 | +€11,421 | +667% |
| Cash at bank and in hand | 54/58 | €26,037 | €18,539 | -€7,498 | -28.8% |
| Deferred charges and accrued income | 490/1 | €1,183 | €1,243 | +€60 | +5.1% |
| Total equity and liabilities | 10/49 | €279,540 | €354,680 | +€75,140 | +26.9% |
| Equity | 10/15 | €146,380 | €171,234 | +€24,854 | +17.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €29,456 | €54,310 | +€24,854 | +84.4% |
| Distributable reserves | 133 | €29,456 | €54,310 | +€24,854 | +84.4% |
| Profit (loss) carried forward | 14 | €104,524 | €104,524 | = | 0.0% |
| Amounts payable | 17/49 | €133,160 | €183,446 | +€50,286 | +37.8% |
| Amounts payable after more than one year | 17 | €86,900 | €131,902 | +€45,002 | +51.8% |
| Financial debts | 170/4 | €86,900 | €131,902 | +€45,002 | +51.8% |
| Amounts payable within one year | 42/48 | €43,192 | €48,476 | +€5,284 | +12.2% |
| Current portion of amounts payable after more than one year | 42 | €24,134 | €21,503 | -€2,631 | -10.9% |
| Trade debts | 44 | €1,810 | €112 | -€1,698 | -93.8% |
| Suppliers | 440/4 | €1,810 | €112 | -€1,698 | -93.8% |
| Taxes, remuneration and social security | 45 | €115 | - | -€115 | |
| Taxes | 450/3 | €115 | - | -€115 | |
| Other amounts payable | 47/48 | €17,134 | €26,862 | +€9,728 | +56.8% |
| Accrued charges and deferred income | 492/3 | €3,068 | €3,068 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,465 | €30,030 | +€2,565 | +9.3% |
| Other operating charges | 640/8 | €1,679 | €7,043 | +€5,364 | +320% |
| Gross operating margin | 9900 | €57,352 | €72,814 | +€15,462 | +27.0% |
| Operating profit (loss) | 9901 | €28,208 | €35,741 | +€7,532 | +26.7% |
| Financial income | 75/76B | €1 | €3 | +€2 | +411% |
| Recurring financial income | 75 | €1 | €3 | +€2 | +411% |
| Financial charges | 65/66B | €2,559 | €2,206 | -€353 | -13.8% |
| Recurring financial charges | 65 | €2,559 | €2,206 | -€353 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €25,650 | €33,537 | +€7,887 | +30.7% |
| Income taxes | 67/77 | €8,288 | €8,683 | +€396 | +4.8% |
| Profit (loss) for the period | 9904 | €17,363 | €24,854 | +€7,491 | +43.1% |
| Profit (loss) for the period to be appropriated | 9905 | €17,363 | €24,854 | +€7,491 | +43.1% |
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 28 October 2026 via checked.be.