JORUB: 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.
What changed
JORUB
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€65,517
2024 · €63,409+€2,107
Equity
€213,644
2024 · €148,127+€65,517
Cash
€19,404
2024 · €3,704+€15,700
Balance sheet total
€4.7m
2024 · €4.7m+€29,853
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€66,348
down €66,348 (-1.5%), from €4.3m to €4.3m
- Reserves +€65,517
new in 2025: €65,517
Income statement
- Taxes -€3,119
down €3,119 (-13.8%), from €22,623 to €19,504
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.
Result 2024
€63,409
Gross operating margin
-€715
Depreciation
-€896
Other operating charges
-€41
Financial income
-€334
Financial charges
+€974
Taxes
+€3,119
Result 2025
€65,517
raises the resultlowers the result
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.
From operations
+€80,985
Investment
€0
Financing
-€65,285
Cash 2024
€3,704
From operations (derived)
+€80,985
Net result for the year
+€65,517
Depreciation
+€13,621
Receivables within one year
-€27,666
Deferred charges and accrued income
-€108
Trade debts
-€8,371
Tax, wage and social debts
+€2,267
Accrued charges and deferred income
+€35,725
Financing
-€65,285
Debts after one year
-€66,348
Current portion of long-term debt
+€1,063
Cash 2025
€19,404
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,705,978 | €4,735,831 | +€29,853 | +0.6% |
| Fixed assets | 21/28 | €4,575,441 | €4,561,821 | -€13,621 | -0.3% |
| Tangible fixed assets | 22/27 | €55,378 | €41,757 | -€13,621 | -24.6% |
| Furniture and vehicles | 24 | €55,378 | €41,757 | -€13,621 | -24.6% |
| Financial fixed assets | 28 | €4,520,064 | €4,520,064 | = | 0.0% |
| Current assets | 29/58 | €130,537 | €174,011 | +€43,474 | +33.3% |
| Amounts receivable within one year | 40/41 | €125,350 | €153,016 | +€27,666 | +22.1% |
| Trade receivables | 40 | €31,460 | €31,460 | = | 0.0% |
| Other amounts receivable | 41 | €93,890 | €121,556 | +€27,666 | +29.5% |
| Cash at bank and in hand | 54/58 | €3,704 | €19,404 | +€15,700 | +424% |
| Deferred charges and accrued income | 490/1 | €1,483 | €1,590 | +€108 | +7.3% |
| Total equity and liabilities | 10/49 | €4,705,978 | €4,735,831 | +€29,853 | +0.6% |
| Equity | 10/15 | €148,127 | €213,644 | +€65,517 | +44.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | - | €65,517 | +€65,517 | |
| Distributable reserves | 133 | - | €65,517 | +€65,517 | |
| Profit (loss) carried forward | 14 | €138,127 | €138,127 | = | 0.0% |
| Amounts payable | 17/49 | €4,557,851 | €4,522,187 | -€35,663 | -0.8% |
| Amounts payable after more than one year | 17 | €4,320,792 | €4,254,444 | -€66,348 | -1.5% |
| Financial debts | 170/4 | €4,320,792 | €4,254,444 | -€66,348 | -1.5% |
| Amounts payable within one year | 42/48 | €185,375 | €180,335 | -€5,040 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €135,285 | €136,348 | +€1,063 | +0.8% |
| Trade debts | 44 | €29,748 | €21,378 | -€8,371 | -28.1% |
| Suppliers | 440/4 | €29,748 | €21,378 | -€8,371 | -28.1% |
| Taxes, remuneration and social security | 45 | €20,342 | €22,609 | +€2,267 | +11.1% |
| Taxes | 450/3 | €20,342 | €22,609 | +€2,267 | +11.1% |
| Accrued charges and deferred income | 492/3 | €51,684 | €87,409 | +€35,725 | +69.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,725 | €13,621 | +€896 | +7.0% |
| Other operating charges | 640/8 | €1,370 | €1,411 | +€41 | +3.0% |
| Gross operating margin | 9900 | €201,048 | €200,334 | -€715 | -0.4% |
| Operating profit (loss) | 9901 | €186,953 | €185,303 | -€1,651 | -0.9% |
| Financial income | 75/76B | €4,471 | €4,137 | -€334 | -7.5% |
| Recurring financial income | 75 | €4,471 | €4,137 | -€334 | -7.5% |
| Financial charges | 65/66B | €105,392 | €104,419 | -€974 | -0.9% |
| Recurring financial charges | 65 | €105,392 | €104,419 | -€974 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €86,032 | €85,021 | -€1,011 | -1.2% |
| Income taxes | 67/77 | €22,623 | €19,504 | -€3,119 | -13.8% |
| Profit (loss) for the period | 9904 | €63,409 | €65,517 | +€2,107 | +3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €63,409 | €65,517 | +€2,107 | +3.3% |
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 14 October 2026 via checked.be.