JOTECO: 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.
JOTECO
Largest movements
- Current investments +€99,907
up €99,907 (+5.3%), from €1.9m to €2.0m
- Cash -€47,777
down €47,777 (-18.9%), from €252,927 to €205,150
mainly Current investments (-€99,907) and Other debts (-€62,238)
- Tangible fixed assets -€40,080
down €40,080 (-32.8%), from €122,375 to €82,295
of which Furniture and vehicles: -€38,002
- Reserves +€87,031
up €87,031 (+3.6%), from €2.5m to €2.5m
of which Distributable reserves: +€95,531
- Other debts -€62,238
down €62,238 (-85.4%), from €72,870 to €10,632
- Debts after one year -€29,723
down €29,723 (-48.7%), from €60,988 to €31,265
- Financial income +€18,843
up €18,843 (+17.1%), from €110,396 to €129,239
- Taxes +€18,539
up €18,539 (+123.1%), from €15,062 to €33,601
- Financial charges -€5,146
down €5,146 (-49.4%), from €10,415 to €5,269
- Gross operating margin +€2,385
up €2,385 (+4.0%), from €59,112 to €61,497
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 | €2,633,772 | €2,629,726 | -€4,047 | -0.2% |
| Fixed assets | 21/28 | €128,690 | €88,610 | -€40,080 | -31.1% |
| Tangible fixed assets | 22/27 | €122,375 | €82,295 | -€40,080 | -32.8% |
| Land and buildings | 22 | €4,637 | €3,554 | -€1,083 | -23.4% |
| Plant, machinery and equipment | 23 | €2,650 | €1,655 | -€994 | -37.5% |
| Furniture and vehicles | 24 | €115,088 | €77,085 | -€38,002 | -33.0% |
| Financial fixed assets | 28 | €6,315 | €6,315 | = | 0.0% |
| Current assets | 29/58 | €2,505,082 | €2,541,116 | +€36,033 | +1.4% |
| Amounts receivable after more than one year | 29 | €334,300 | €325,900 | -€8,400 | -2.5% |
| Trade receivables | 290 | €334,300 | €325,900 | -€8,400 | -2.5% |
| Amounts receivable within one year | 40/41 | €44,963 | €37,267 | -€7,697 | -17.1% |
| Other amounts receivable | 41 | €44,963 | €37,267 | -€7,697 | -17.1% |
| Current investments | 50/53 | €1,872,892 | €1,972,799 | +€99,907 | +5.3% |
| Cash at bank and in hand | 54/58 | €252,927 | €205,150 | -€47,777 | -18.9% |
| Total equity and liabilities | 10/49 | €2,633,772 | €2,629,726 | -€4,047 | -0.2% |
| Equity | 10/15 | €2,463,814 | €2,550,845 | +€87,031 | +3.5% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €2,451,314 | €2,538,345 | +€87,031 | +3.6% |
| Non-distributable reserves | 130/1 | €8,500 | - | -€8,500 | |
| Reserves not available under the articles | 1311 | €8,500 | - | -€8,500 | |
| Tax-exempt reserves | 132 | €6,400 | €6,400 | = | 0.0% |
| Distributable reserves | 133 | €2,436,414 | €2,531,945 | +€95,531 | +3.9% |
| Amounts payable | 17/49 | €169,958 | €78,880 | -€91,078 | -53.6% |
| Amounts payable after more than one year | 17 | €60,988 | €31,265 | -€29,723 | -48.7% |
| Financial debts | 170/4 | €60,988 | €31,265 | -€29,723 | -48.7% |
| Amounts payable within one year | 42/48 | €107,404 | €45,898 | -€61,506 | -57.3% |
| Current portion of amounts payable after more than one year | 42 | €29,121 | €29,723 | +€602 | +2.1% |
| Trade debts | 44 | €1,335 | €1,101 | -€234 | -17.5% |
| Suppliers | 440/4 | €1,335 | €1,101 | -€234 | -17.5% |
| Taxes, remuneration and social security | 45 | €4,078 | €4,442 | +€364 | +8.9% |
| Taxes | 450/3 | €4,078 | €4,442 | +€364 | +8.9% |
| Other amounts payable | 47/48 | €72,870 | €10,632 | -€62,238 | -85.4% |
| Accrued charges and deferred income | 492/3 | €1,566 | €1,717 | +€151 | +9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,078 | €40,080 | +€2 | 0.0% |
| Other operating charges | 640/8 | €1,381 | €1,471 | +€90 | +6.5% |
| Gross operating margin | 9900 | €59,112 | €61,497 | +€2,385 | +4.0% |
| Operating profit (loss) | 9901 | €17,654 | €19,946 | +€2,293 | +13.0% |
| Financial income | 75/76B | €110,396 | €129,239 | +€18,843 | +17.1% |
| Recurring financial income | 75 | €110,396 | €129,239 | +€18,843 | +17.1% |
| Financial charges | 65/66B | €10,415 | €5,269 | -€5,146 | -49.4% |
| Recurring financial charges | 65 | €10,415 | €5,269 | -€5,146 | -49.4% |
| Profit (loss) for the period before taxes | 9903 | €117,634 | €143,916 | +€26,282 | +22.3% |
| Income taxes | 67/77 | €15,062 | €33,601 | +€18,539 | +123.1% |
| Profit (loss) for the period | 9904 | €102,572 | €110,315 | +€7,743 | +7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €102,572 | €110,315 | +€7,743 | +7.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.