JORTA: 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.
JORTA
Largest movements
- Cash -€15,120
down €15,120 (-41.1%), from €36,764 to €21,643
mainly Net result for the year (-€20,238) and Investment in fixed assets (net) (-€9,810)
- Stocks and contracts -€9,567
down €9,567 (-16.9%), from €56,708 to €47,141
- Tangible fixed assets +€8,667
up €8,667 (+451.1%), from €1,921 to €10,588
of which Furniture and vehicles: +€8,287
- Profit (loss) carried forward -€20,238
down €20,238 (-9.5%), from -€212,172 to -€232,410
- Trade debts +€9,880
new in 2025: €9,880
- Tax, wage and social debts -€5,517
down €5,517 (-51.1%), from €10,804 to €5,286
- Gross operating margin -€50,280
down €50,280, from €31,951 to -€18,330
- Financial income -€2,402
down €2,402 (-57.7%), from €4,164 to €1,762
- Taxes +€449
up €449 (+564.8%), from €80 to €529
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 | €217,231 | €201,356 | -€15,876 | -7.3% |
| Fixed assets | 21/28 | €2,238 | €10,905 | +€8,667 | +387.3% |
| Tangible fixed assets | 22/27 | €1,921 | €10,588 | +€8,667 | +451.1% |
| Plant, machinery and equipment | 23 | €1,921 | €2,302 | +€380 | +19.8% |
| Furniture and vehicles | 24 | - | €8,287 | +€8,287 | |
| Financial fixed assets | 28 | €317 | €317 | = | 0.0% |
| Current assets | 29/58 | €214,994 | €190,451 | -€24,543 | -11.4% |
| Stocks and contracts in progress | 3 | €56,708 | €47,141 | -€9,567 | -16.9% |
| Stocks | 30/36 | €56,708 | €47,141 | -€9,567 | -16.9% |
| Amounts receivable within one year | 40/41 | €9,593 | €10,767 | +€1,174 | +12.2% |
| Trade receivables | 40 | €7,669 | €1,340 | -€6,329 | -82.5% |
| Other amounts receivable | 41 | €1,924 | €9,428 | +€7,504 | +390.0% |
| Current investments | 50/53 | €110,000 | €110,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €36,764 | €21,643 | -€15,120 | -41.1% |
| Deferred charges and accrued income | 490/1 | €1,929 | €899 | -€1,030 | -53.4% |
| Total equity and liabilities | 10/49 | €217,231 | €201,356 | -€15,876 | -7.3% |
| Equity | 10/15 | €206,428 | €186,190 | -€20,238 | -9.8% |
| Contributions | 10/11 | €418,600 | €418,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€212,172 | -€232,410 | -€20,238 | -9.5% |
| Amounts payable | 17/49 | €10,804 | €15,166 | +€4,363 | +40.4% |
| Amounts payable within one year | 42/48 | €10,804 | €15,166 | +€4,363 | +40.4% |
| Trade debts | 44 | - | €9,880 | +€9,880 | |
| Suppliers | 440/4 | - | €9,880 | +€9,880 | |
| Taxes, remuneration and social security | 45 | €10,804 | €5,286 | -€5,517 | -51.1% |
| Taxes | 450/3 | €10,804 | €5,286 | -€5,517 | -51.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,367 | €1,143 | -€223 | -16.4% |
| Other operating charges | 640/8 | €709 | €763 | +€53 | +7.5% |
| Gross operating margin | 9900 | €31,951 | -€18,330 | -€50,280 | |
| Operating profit (loss) | 9901 | €29,875 | -€20,235 | -€50,110 | |
| Financial income | 75/76B | €4,164 | €1,762 | -€2,402 | -57.7% |
| Recurring financial income | 75 | €4,164 | €1,762 | -€2,402 | -57.7% |
| Financial charges | 65/66B | €1,511 | €1,236 | -€275 | -18.2% |
| Recurring financial charges | 65 | €1,511 | €1,236 | -€275 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €32,527 | -€19,710 | -€52,237 | |
| Income taxes | 67/77 | €80 | €529 | +€449 | +564.8% |
| Profit (loss) for the period | 9904 | €32,448 | -€20,238 | -€52,686 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,448 | -€20,238 | -€52,686 |
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 7 October 2026 via checked.be.