JORUCA: 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.
JORUCA
Largest movements
- Stocks and contracts -€94,842
down €94,842 (-33.9%), from €280,103 to €185,260
- Tangible fixed assets +€43,218
up €43,218 (+9.6%), from €451,081 to €494,299
of which Land and buildings: +€41,985
- Other debts -€97,290
down €97,290 (-69.5%), from €140,062 to €42,772
- Reserves +€69,262
up €69,262 (+9.5%), from €730,381 to €799,643
of which Distributable reserves: +€69,262
- Debts after one year -€22,780
down €22,780 (-12.6%), from €180,621 to €157,842
of which Financial debts: -€22,780
- Write-downs +€5,619
new in 2025: €5,619
- Depreciation +€5,102
up €5,102 (+6.9%), from €73,952 to €79,054
- Gross operating margin +€4,491
up €4,491 (+2.2%), from €202,876 to €207,367
- Financial charges -€4,199
down €4,199 (-20.6%), from €20,425 to €16,225
- Taxes -€4,196
down €4,196 (-14.9%), from €28,233 to €24,038
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 | €1,252,448 | €1,197,535 | -€54,913 | -4.4% |
| Fixed assets | 21/28 | €452,869 | €495,290 | +€42,420 | +9.4% |
| Intangible fixed assets | 21 | €1,788 | €990 | -€798 | -44.6% |
| Tangible fixed assets | 22/27 | €451,081 | €494,299 | +€43,218 | +9.6% |
| Land and buildings | 22 | €367,198 | €409,183 | +€41,985 | +11.4% |
| Plant, machinery and equipment | 23 | €22,486 | €18,362 | -€4,124 | -18.3% |
| Furniture and vehicles | 24 | €33,774 | €64,583 | +€30,808 | +91.2% |
| Other tangible fixed assets | 26 | €27,623 | €2,171 | -€25,452 | -92.1% |
| Current assets | 29/58 | €799,579 | €702,245 | -€97,333 | -12.2% |
| Stocks and contracts in progress | 3 | €280,103 | €185,260 | -€94,842 | -33.9% |
| Stocks | 30/36 | €280,103 | €185,260 | -€94,842 | -33.9% |
| Amounts receivable within one year | 40/41 | €112,113 | €108,785 | -€3,328 | -3.0% |
| Trade receivables | 40 | €92,409 | €81,310 | -€11,100 | -12.0% |
| Other amounts receivable | 41 | €19,704 | €27,476 | +€7,772 | +39.4% |
| Current investments | 50/53 | €3,000 | €3,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €398,391 | €395,892 | -€2,499 | -0.6% |
| Deferred charges and accrued income | 490/1 | €5,972 | €9,307 | +€3,335 | +55.8% |
| Total equity and liabilities | 10/49 | €1,252,448 | €1,197,535 | -€54,913 | -4.4% |
| Equity | 10/15 | €830,381 | €899,643 | +€69,262 | +8.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €730,381 | €799,643 | +€69,262 | +9.5% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €730,381 | €799,643 | +€69,262 | +9.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €422,067 | €297,892 | -€124,175 | -29.4% |
| Amounts payable after more than one year | 17 | €180,621 | €157,842 | -€22,780 | -12.6% |
| Financial debts | 170/4 | €176,046 | €153,267 | -€22,780 | -12.9% |
| Other amounts payable | 178/9 | €4,575 | €4,575 | = | 0.0% |
| Amounts payable within one year | 42/48 | €240,580 | €140,050 | -€100,530 | -41.8% |
| Current portion of amounts payable after more than one year | 42 | €25,990 | €24,814 | -€1,176 | -4.5% |
| Trade debts | 44 | €44,484 | €37,964 | -€6,521 | -14.7% |
| Suppliers | 440/4 | €44,484 | €37,964 | -€6,521 | -14.7% |
| Advances received on contracts in progress | 46 | - | €190 | +€190 | |
| Taxes, remuneration and social security | 45 | €30,044 | €34,310 | +€4,266 | +14.2% |
| Taxes | 450/3 | €30,044 | €34,310 | +€4,266 | +14.2% |
| Other amounts payable | 47/48 | €140,062 | €42,772 | -€97,290 | -69.5% |
| Accrued charges and deferred income | 492/3 | €865 | €0 | -€865 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,952 | €79,054 | +€5,102 | +6.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,619 | +€5,619 | |
| Other operating charges | 640/8 | €21,965 | €23,126 | +€1,161 | +5.3% |
| Gross operating margin | 9900 | €202,876 | €207,367 | +€4,491 | +2.2% |
| Operating profit (loss) | 9901 | €106,959 | €99,569 | -€7,391 | -6.9% |
| Financial income | 75/76B | €13,221 | €9,956 | -€3,265 | -24.7% |
| Recurring financial income | 75 | €13,221 | €9,956 | -€3,265 | -24.7% |
| Financial charges | 65/66B | €20,425 | €16,225 | -€4,199 | -20.6% |
| Recurring financial charges | 65 | €20,425 | €16,225 | -€4,199 | -20.6% |
| Profit (loss) for the period before taxes | 9903 | €99,756 | €93,299 | -€6,456 | -6.5% |
| Income taxes | 67/77 | €28,233 | €24,038 | -€4,196 | -14.9% |
| Profit (loss) for the period | 9904 | €71,523 | €69,262 | -€2,261 | -3.2% |
| Transfer from tax-exempt reserves | 789 | €418 | €0 | -€418 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €71,941 | €69,262 | -€2,679 | -3.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.