Jotelco: 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.
Jotelco
Largest movements
- Cash +€62,903
up €62,903 (+14.5%), from €435,254 to €498,157
mainly Net result for the year (+€71,871) and Depreciation (+€4,210)
- Reserves +€71,871
up €71,871 (+17.0%), from €422,103 to €493,975
- Tax, wage and social debts -€6,055
down €6,055 (-58.9%), from €10,284 to €4,229
- Gross operating margin -€42,052
down €42,052 (-29.7%), from €141,767 to €99,715
- Financial income +€7,502
up €7,502 (+150%), from €4,996 to €12,498
- Taxes -€4,095
down €4,095 (-10.4%), from €39,506 to €35,411
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 | €439,152 | €503,297 | +€64,145 | +14.6% |
| Fixed assets | 21/28 | €3,863 | €2,344 | -€1,519 | -39.3% |
| Tangible fixed assets | 22/27 | €3,863 | €2,344 | -€1,519 | -39.3% |
| Furniture and vehicles | 24 | €3,863 | €2,344 | -€1,519 | -39.3% |
| Current assets | 29/58 | €435,289 | €500,953 | +€65,664 | +15.1% |
| Amounts receivable within one year | 40/41 | - | €2,758 | +€2,758 | |
| Other amounts receivable | 41 | - | €2,758 | +€2,758 | |
| Cash at bank and in hand | 54/58 | €435,254 | €498,157 | +€62,903 | +14.5% |
| Deferred charges and accrued income | 490/1 | €35 | €38 | +€3 | +7.2% |
| Total equity and liabilities | 10/49 | €439,152 | €503,297 | +€64,145 | +14.6% |
| Equity | 10/15 | €427,103 | €498,975 | +€71,871 | +16.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €422,103 | €493,975 | +€71,871 | +17.0% |
| Distributable reserves | 133 | €422,103 | €493,975 | +€71,871 | +17.0% |
| Amounts payable | 17/49 | €12,049 | €4,323 | -€7,726 | -64.1% |
| Amounts payable within one year | 42/48 | €12,049 | €4,323 | -€7,726 | -64.1% |
| Trade debts | 44 | €752 | €94 | -€658 | -87.5% |
| Suppliers | 440/4 | €752 | €94 | -€658 | -87.5% |
| Taxes, remuneration and social security | 45 | €10,284 | €4,229 | -€6,055 | -58.9% |
| Taxes | 450/3 | €10,284 | €4,229 | -€6,055 | -58.9% |
| Other amounts payable | 47/48 | €1,013 | - | -€1,013 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,898 | €4,210 | +€312 | +8.0% |
| Gross operating margin | 9900 | €141,767 | €99,715 | -€42,052 | -29.7% |
| Operating profit (loss) | 9901 | €137,869 | €95,505 | -€42,365 | -30.7% |
| Financial income | 75/76B | €4,996 | €12,498 | +€7,502 | +150% |
| Recurring financial income | 75 | €4,996 | €12,498 | +€7,502 | +150% |
| Financial charges | 65/66B | €601 | €721 | +€119 | +19.8% |
| Recurring financial charges | 65 | €601 | €721 | +€119 | +19.8% |
| Profit (loss) for the period before taxes | 9903 | €142,264 | €107,282 | -€34,982 | -24.6% |
| Income taxes | 67/77 | €39,506 | €35,411 | -€4,095 | -10.4% |
| Profit (loss) for the period | 9904 | €102,759 | €71,871 | -€30,887 | -30.1% |
| Profit (loss) for the period to be appropriated | 9905 | €102,759 | €71,871 | -€30,887 | -30.1% |
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 16 October 2026 via checked.be.