JOTIM: 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.
JOTIM
Largest movements
- Tangible fixed assets +€677,171
up €677,171 (+217.4%), from €311,476 to €988,647
- Cash -€143,469
down €143,469 (-77.6%), from €184,871 to €41,402
mainly Investment in fixed assets (net) (-€717,868) and Net result for the year (-€21,910)
- Debts after one year +€293,695
new in 2025: €293,695
- Other debts +€235,080
up €235,080 (+198.2%), from €118,610 to €353,690
- Profit (loss) carried forward -€21,372
down €21,372 (-13.1%), from €163,090 to €141,717
- Current portion of long-term debt +€16,785
new in 2025: €16,785
- Gross operating margin -€21,707
down €21,707 (-41.8%), from €51,976 to €30,268
- Depreciation +€15,766
up €15,766 (+63.2%), from €24,931 to €40,697
- Financial charges +€8,083
up €8,083 (+1880.7%), from €430 to €8,513
- Taxes -€5,370
no longer reported in 2025 (was €5,370)
- Financial income +€2,151
new in 2025: €2,151
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 | €503,300 | €1,031,049 | +€527,748 | +104.9% |
| Fixed assets | 21/28 | €311,476 | €988,647 | +€677,171 | +217.4% |
| Tangible fixed assets | 22/27 | €311,476 | €988,647 | +€677,171 | +217.4% |
| Land and buildings | 22 | €311,476 | €988,647 | +€677,171 | +217.4% |
| Current assets | 29/58 | €191,824 | €42,402 | -€149,422 | -77.9% |
| Amounts receivable within one year | 40/41 | - | €1,000 | +€1,000 | |
| Other amounts receivable | 41 | - | €1,000 | +€1,000 | |
| Cash at bank and in hand | 54/58 | €184,871 | €41,402 | -€143,469 | -77.6% |
| Deferred charges and accrued income | 490/1 | €6,953 | - | -€6,953 | |
| Total equity and liabilities | 10/49 | €503,300 | €1,031,049 | +€527,748 | +104.9% |
| Equity | 10/15 | €371,519 | €349,609 | -€21,910 | -5.9% |
| Contributions | 10/11 | €132,058 | €132,058 | = | 0.0% |
| Reserves | 13 | €76,371 | €75,833 | -€538 | -0.7% |
| Tax-exempt reserves | 132 | €24,165 | €23,628 | -€538 | -2.2% |
| Distributable reserves | 133 | €52,206 | €52,206 | = | 0.0% |
| Profit (loss) carried forward | 14 | €163,090 | €141,717 | -€21,372 | -13.1% |
| Provisions and deferred taxes | 16 | €8,055 | €7,876 | -€179 | -2.2% |
| Deferred taxes | 168 | €8,055 | €7,876 | -€179 | -2.2% |
| Amounts payable | 17/49 | €123,727 | €673,564 | +€549,838 | +444.4% |
| Amounts payable after more than one year | 17 | - | €293,695 | +€293,695 | |
| Financial debts | 170/4 | - | €293,695 | +€293,695 | |
| Amounts payable within one year | 42/48 | €123,727 | €379,869 | +€256,142 | +207.0% |
| Current portion of amounts payable after more than one year | 42 | - | €16,785 | +€16,785 | |
| Trade debts | 44 | €1,937 | €9,024 | +€7,086 | +365.8% |
| Suppliers | 440/4 | €1,937 | €9,024 | +€7,086 | +365.8% |
| Taxes, remuneration and social security | 45 | €3,179 | €370 | -€2,809 | -88.4% |
| Taxes | 450/3 | €3,179 | €370 | -€2,809 | -88.4% |
| Other amounts payable | 47/48 | €118,610 | €353,690 | +€235,080 | +198.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,931 | €40,697 | +€15,766 | +63.2% |
| Other operating charges | 640/8 | €5,136 | €5,298 | +€161 | +3.1% |
| Gross operating margin | 9900 | €51,976 | €30,268 | -€21,707 | -41.8% |
| Operating profit (loss) | 9901 | €21,909 | -€15,726 | -€37,635 | |
| Financial income | 75/76B | - | €2,151 | +€2,151 | |
| Recurring financial income | 75 | - | €2,151 | +€2,151 | |
| Financial charges | 65/66B | €430 | €8,513 | +€8,083 | +1880.7% |
| Recurring financial charges | 65 | €430 | €8,513 | +€8,083 | +1880.7% |
| Profit (loss) for the period before taxes | 9903 | €21,479 | -€22,089 | -€43,568 | |
| Transfer from deferred taxes | 780 | - | €179 | +€179 | |
| Income taxes | 67/77 | €5,370 | - | -€5,370 | |
| Profit (loss) for the period | 9904 | €16,109 | -€21,910 | -€38,019 | |
| Transfer from tax-exempt reserves | 789 | - | €538 | +€538 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,109 | -€21,372 | -€37,481 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.