JOTIMA: 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.
JOTIMA
Largest movements
- Tangible fixed assets -€9,130
down €9,130 (-24.6%), from €37,174 to €28,044
of which Plant, machinery and equipment: -€9,071
- Cash -€3,501
down €3,501 (-59.4%), from €5,894 to €2,393
mainly Other debts (-€12,337) and Net result for the year (-€6,469)
- Other debts -€12,337
down €12,337 (-31.9%), from €38,637 to €26,301
- Gross operating margin -€2,315
down €2,315 (-36.5%), from €6,341 to €4,026
- Other operating charges +€183
up €183 (+16.2%), from €1,128 to €1,311
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 | €43,487 | €30,856 | -€12,631 | -29.0% |
| Fixed assets | 21/28 | €37,193 | €28,063 | -€9,130 | -24.5% |
| Tangible fixed assets | 22/27 | €37,174 | €28,044 | -€9,130 | -24.6% |
| Land and buildings | 22 | €9,050 | €8,991 | -€59 | -0.7% |
| Plant, machinery and equipment | 23 | €28,124 | €19,053 | -€9,071 | -32.3% |
| Financial fixed assets | 28 | €19 | €19 | = | 0.0% |
| Current assets | 29/58 | €6,294 | €2,793 | -€3,501 | -55.6% |
| Stocks and contracts in progress | 3 | €400 | €400 | = | 0.0% |
| Stocks | 30/36 | €400 | €400 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,894 | €2,393 | -€3,501 | -59.4% |
| Total equity and liabilities | 10/49 | €43,487 | €30,856 | -€12,631 | -29.0% |
| Equity | 10/15 | €4,485 | €4,516 | +€31 | +0.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,107 | -€14,077 | +€31 | +0.2% |
| Amounts payable | 17/49 | €39,002 | €26,341 | -€12,661 | -32.5% |
| Amounts payable within one year | 42/48 | €39,002 | €26,301 | -€12,701 | -32.6% |
| Trade debts | 44 | €365 | - | -€365 | |
| Suppliers | 440/4 | €365 | - | -€365 | |
| Other amounts payable | 47/48 | €38,637 | €26,301 | -€12,337 | -31.9% |
| Accrued charges and deferred income | 492/3 | - | €40 | +€40 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,078 | €9,130 | +€52 | +0.6% |
| Other operating charges | 640/8 | €1,128 | €1,311 | +€183 | +16.2% |
| Gross operating margin | 9900 | €6,341 | €4,026 | -€2,315 | -36.5% |
| Operating profit (loss) | 9901 | -€3,865 | -€6,415 | -€2,550 | -66.0% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €27 | €54 | +€27 | +100.0% |
| Recurring financial charges | 65 | €27 | €54 | +€27 | +100.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,889 | -€6,469 | -€2,580 | -66.4% |
| Profit (loss) for the period | 9904 | -€3,889 | -€6,469 | -€2,580 | -66.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,889 | -€6,469 | -€2,580 | -66.4% |
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 12 October 2026 via checked.be.