JoRut: 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.
JoRut
Largest movements
- Receivables within one year +€31,877
up €31,877 (+18.8%), from €169,568 to €201,445
of which Other amounts receivable: +€26,891
- Tangible fixed assets -€23,915
down €23,915 (-19.8%), from €121,073 to €97,158
of which Furniture and vehicles: -€20,276
- Cash -€5,601
down €5,601 (-64.3%), from €8,708 to €3,107
mainly Receivables within one year (-€31,877) and Debts after one year (-€16,291)
- Reserves +€26,095
up €26,095 (+13.2%), from €197,154 to €223,249
of which Distributable reserves: +€27,717
- Debts after one year -€16,291
down €16,291 (-58.4%), from €27,892 to €11,601
- Current portion of long-term debt -€5,589
down €5,589 (-25.5%), from €21,881 to €16,292
- Gross operating margin -€45,566
down €45,566 (-36.7%), from €124,146 to €78,580
- Taxes -€10,710
down €10,710 (-43.5%), from €24,619 to €13,909
- Depreciation +€4,633
up €4,633 (+15.5%), from €29,973 to €34,606
- Financial charges -€1,776
down €1,776 (-34.8%), from €5,110 to €3,334
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 | €304,143 | €308,085 | +€3,942 | +1.3% |
| Fixed assets | 21/28 | €124,673 | €100,758 | -€23,915 | -19.2% |
| Tangible fixed assets | 22/27 | €121,073 | €97,158 | -€23,915 | -19.8% |
| Land and buildings | 22 | €39,719 | €41,418 | +€1,699 | +4.3% |
| Plant, machinery and equipment | 23 | €13,581 | €9,604 | -€3,977 | -29.3% |
| Furniture and vehicles | 24 | €58,480 | €38,204 | -€20,276 | -34.7% |
| Other tangible fixed assets | 26 | €9,293 | €7,932 | -€1,361 | -14.6% |
| Financial fixed assets | 28 | €3,600 | €3,600 | = | 0.0% |
| Current assets | 29/58 | €179,470 | €207,327 | +€27,857 | +15.5% |
| Amounts receivable within one year | 40/41 | €169,568 | €201,445 | +€31,877 | +18.8% |
| Trade receivables | 40 | €26,705 | €31,691 | +€4,986 | +18.7% |
| Other amounts receivable | 41 | €142,863 | €169,754 | +€26,891 | +18.8% |
| Cash at bank and in hand | 54/58 | €8,708 | €3,107 | -€5,601 | -64.3% |
| Deferred charges and accrued income | 490/1 | €1,194 | €2,775 | +€1,581 | +132.4% |
| Total equity and liabilities | 10/49 | €304,143 | €308,085 | +€3,942 | +1.3% |
| Equity | 10/15 | €210,198 | €236,293 | +€26,095 | +12.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €197,154 | €223,249 | +€26,095 | +13.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,406 | €6,784 | -€1,622 | -19.3% |
| Distributable reserves | 133 | €186,888 | €214,605 | +€27,717 | +14.8% |
| Profit (loss) carried forward | 14 | €644 | €644 | = | 0.0% |
| Provisions and deferred taxes | 16 | €2,802 | €2,261 | -€541 | -19.3% |
| Deferred taxes | 168 | €2,802 | €2,261 | -€541 | -19.3% |
| Amounts payable | 17/49 | €91,143 | €69,531 | -€21,612 | -23.7% |
| Amounts payable after more than one year | 17 | €27,892 | €11,601 | -€16,291 | -58.4% |
| Financial debts | 170/4 | €27,892 | €11,601 | -€16,291 | -58.4% |
| Amounts payable within one year | 42/48 | €63,251 | €57,930 | -€5,321 | -8.4% |
| Current portion of amounts payable after more than one year | 42 | €21,881 | €16,292 | -€5,589 | -25.5% |
| Financial debts | 43 | €16,758 | €16,740 | -€18 | -0.1% |
| Credit institutions | 430/8 | €16,758 | €16,740 | -€18 | -0.1% |
| Trade debts | 44 | €9,984 | €12,670 | +€2,686 | +26.9% |
| Suppliers | 440/4 | €9,984 | €12,670 | +€2,686 | +26.9% |
| Taxes, remuneration and social security | 45 | €3,900 | €1,455 | -€2,445 | -62.7% |
| Taxes | 450/3 | €3,900 | €1,455 | -€2,445 | -62.7% |
| Other amounts payable | 47/48 | €10,728 | €10,773 | +€45 | +0.4% |
| Non-recurring operating income | 76A | €3,717 | - | -€3,717 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,973 | €34,606 | +€4,633 | +15.5% |
| Other operating charges | 640/8 | €647 | €1,177 | +€530 | +81.9% |
| Non-recurring operating charges | 66A | €15,337 | - | -€15,337 | |
| Gross operating margin | 9900 | €124,146 | €78,580 | -€45,566 | -36.7% |
| Operating profit (loss) | 9901 | €78,189 | €42,797 | -€35,392 | -45.3% |
| Financial charges | 65/66B | €5,110 | €3,334 | -€1,776 | -34.8% |
| Recurring financial charges | 65 | €5,110 | €3,334 | -€1,776 | -34.8% |
| Profit (loss) for the period before taxes | 9903 | €73,079 | €39,463 | -€33,616 | -46.0% |
| Transfer from deferred taxes | 780 | €778 | €541 | -€237 | -30.5% |
| Income taxes | 67/77 | €24,619 | €13,909 | -€10,710 | -43.5% |
| Profit (loss) for the period | 9904 | €49,238 | €26,095 | -€23,143 | -47.0% |
| Transfer from tax-exempt reserves | 789 | €2,335 | €1,622 | -€713 | -30.5% |
| Profit (loss) for the period to be appropriated | 9905 | €51,573 | €27,717 | -€23,856 | -46.3% |
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 9 October 2026 via checked.be.