JORSIM: 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.
JORSIM
Largest movements
- Cash +€32,396
up €32,396 (+680.4%), from €4,762 to €37,158
mainly Depreciation (+€17,197) and Net result for the year (+€14,991)
- Tangible fixed assets -€17,197
down €17,197 (-15.5%), from €111,255 to €94,059
of which Land and buildings: -€17,197
- Reserves +€14,991
new in 2025: €14,991
- Other debts -€3,781
down €3,781 (-1.4%), from €272,206 to €268,425
- Advances received +€2,420
new in 2025: €2,420
- Gross operating margin +€8,678
up €8,678 (+24.4%), from €35,556 to €44,233
- Financial charges +€6,645
up €6,645 (+2437.6%), from €273 to €6,917
of which Non-recurring financial charges: +€3,658
- Taxes +€804
up €804 (+115.6%), from €695 to €1,499
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 | €118,170 | €133,056 | +€14,886 | +12.6% |
| Fixed assets | 21/28 | €111,255 | €94,059 | -€17,197 | -15.5% |
| Tangible fixed assets | 22/27 | €111,255 | €94,059 | -€17,197 | -15.5% |
| Land and buildings | 22 | €111,255 | €94,059 | -€17,197 | -15.5% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | 0.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €6,914 | €38,997 | +€32,082 | +464.0% |
| Cash at bank and in hand | 54/58 | €4,762 | €37,158 | +€32,396 | +680.4% |
| Deferred charges and accrued income | 490/1 | €2,153 | €1,839 | -€314 | -14.6% |
| Total equity and liabilities | 10/49 | €118,170 | €133,056 | +€14,886 | +12.6% |
| Equity | 10/15 | -€160,601 | -€145,610 | +€14,991 | +9.3% |
| Contributions | 10/11 | €139,440 | €139,440 | = | 0.0% |
| Reserves | 13 | - | €14,991 | +€14,991 | |
| Distributable reserves | 133 | - | €14,991 | +€14,991 | |
| Profit (loss) carried forward | 14 | -€300,042 | -€300,042 | = | 0.0% |
| Amounts payable | 17/49 | €278,771 | €278,666 | -€105 | 0.0% |
| Amounts payable within one year | 42/48 | €278,771 | €278,666 | -€105 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €4,389 | €4,389 | = | 0.0% |
| Trade debts | 44 | €1,466 | €1,531 | +€65 | +4.5% |
| Suppliers | 440/4 | €1,466 | €1,531 | +€65 | +4.5% |
| Advances received on contracts in progress | 46 | - | €2,420 | +€2,420 | |
| Taxes, remuneration and social security | 45 | €711 | €1,902 | +€1,191 | +167.4% |
| Taxes | 450/3 | €711 | €1,902 | +€1,191 | +167.4% |
| Other amounts payable | 47/48 | €272,206 | €268,425 | -€3,781 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,288 | €17,197 | -€91 | -0.5% |
| Other operating charges | 640/8 | €3,293 | €3,630 | +€337 | +10.2% |
| Gross operating margin | 9900 | €35,556 | €44,233 | +€8,678 | +24.4% |
| Operating profit (loss) | 9901 | €14,975 | €23,407 | +€8,432 | +56.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -68.6% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -68.6% |
| Financial charges | 65/66B | €273 | €6,917 | +€6,645 | +2437.6% |
| Recurring financial charges | 65 | €273 | €3,259 | +€2,987 | +1095.6% |
| Non-recurring financial charges | 66B | - | €3,658 | +€3,658 | |
| Profit (loss) for the period before taxes | 9903 | €14,703 | €16,490 | +€1,788 | +12.2% |
| Income taxes | 67/77 | €695 | €1,499 | +€804 | +115.6% |
| Profit (loss) for the period | 9904 | €14,007 | €14,991 | +€984 | +7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,007 | €14,991 | +€984 | +7.0% |
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 9 October 2026 via checked.be.