JORUCO: 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.
JORUCO
Largest movements
- Cash -€59,879
down €59,879 (-61.5%), from €97,344 to €37,465
mainly Contributions, distributions and other (-€80,793) and Receivables within one year (-€14,295)
- Receivables within one year +€14,295
up €14,295 (+534%), from €2,676 to €16,971
of which Trade receivables: +€12,100
- Current investments +€7,384
up €7,384 (+3.7%), from €200,000 to €207,384
- Reserves -€40,779
down €40,779 (-13.6%), from €299,061 to €258,282
- Financial income +€10,548
new in 2025: €10,548
- Depreciation -€4,987
down €4,987 (-64.6%), from €7,721 to €2,734
- Taxes +€3,784
up €3,784 (+30.6%), from €12,379 to €16,163
- Gross operating margin -€1,749
down €1,749 (-3.4%), from €51,250 to €49,501
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 | €303,473 | €262,539 | -€40,934 | -13.5% |
| Fixed assets | 21/28 | €3,453 | €719 | -€2,734 | -79.2% |
| Tangible fixed assets | 22/27 | €3,453 | €719 | -€2,734 | -79.2% |
| Furniture and vehicles | 24 | €3,453 | €719 | -€2,734 | -79.2% |
| Current assets | 29/58 | €300,020 | €261,820 | -€38,200 | -12.7% |
| Amounts receivable within one year | 40/41 | €2,676 | €16,971 | +€14,295 | +534% |
| Trade receivables | 40 | - | €12,100 | +€12,100 | |
| Other amounts receivable | 41 | €2,676 | €4,871 | +€2,195 | +82.0% |
| Current investments | 50/53 | €200,000 | €207,384 | +€7,384 | +3.7% |
| Cash at bank and in hand | 54/58 | €97,344 | €37,465 | -€59,879 | -61.5% |
| Total equity and liabilities | 10/49 | €303,473 | €262,539 | -€40,934 | -13.5% |
| Equity | 10/15 | €299,061 | €258,282 | -€40,779 | -13.6% |
| Reserves | 13 | €299,061 | €258,282 | -€40,779 | -13.6% |
| Distributable reserves | 133 | €299,061 | €258,282 | -€40,779 | -13.6% |
| Amounts payable | 17/49 | €4,412 | €4,257 | -€155 | -3.5% |
| Amounts payable within one year | 42/48 | €4,412 | €4,257 | -€155 | -3.5% |
| Taxes, remuneration and social security | 45 | €4,412 | €4,257 | -€155 | -3.5% |
| Taxes | 450/3 | €4,412 | €4,257 | -€155 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,721 | €2,734 | -€4,987 | -64.6% |
| Other operating charges | 640/8 | €1,108 | €1,081 | -€27 | -2.4% |
| Gross operating margin | 9900 | €51,250 | €49,501 | -€1,749 | -3.4% |
| Operating profit (loss) | 9901 | €42,421 | €45,686 | +€3,265 | +7.7% |
| Financial income | 75/76B | - | €10,548 | +€10,548 | |
| Recurring financial income | 75 | - | €10,548 | +€10,548 | |
| Financial charges | 65/66B | €54 | €57 | +€3 | +5.6% |
| Recurring financial charges | 65 | €54 | €57 | +€3 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | €42,367 | €56,177 | +€13,810 | +32.6% |
| Income taxes | 67/77 | €12,379 | €16,163 | +€3,784 | +30.6% |
| Profit (loss) for the period | 9904 | €29,988 | €40,014 | +€10,026 | +33.4% |
| Profit (loss) for the period to be appropriated | 9905 | €29,988 | €40,014 | +€10,026 | +33.4% |
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.