JOTO PROJECTS: 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.
JOTO PROJECTS
Largest movements
- Tangible fixed assets -€30,969
down €30,969 (-95.1%), from €32,577 to €1,609
of which Furniture and vehicles: -€30,759
- Receivables within one year +€3,921
up €3,921 (+10.2%), from €38,416 to €42,337
of which Trade receivables: +€12,215
- Profit (loss) carried forward -€12,186
new in 2025: -€12,186
- Debts after one year -€11,611
down €11,611 (-85.3%), from €13,608 to €1,997
- Tax, wage and social debts -€7,350
down €7,350 (-41.2%), from €17,822 to €10,472
of which Taxes: -€8,830
- Other debts +€5,455
new in 2025: €5,455
- Trade debts -€1,629
down €1,629 (-35.4%), from €4,602 to €2,973
- Gross operating margin -€18,256
down €18,256, from €14,094 to -€4,162
- Depreciation -€9,840
down €9,840 (-97.9%), from €10,050 to €210
- Other operating charges -€712
no longer reported in 2025 (was €712)
- Taxes -€523
down €523 (-97.9%), from €534 to €11
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 | €75,530 | €48,821 | -€26,709 | -35.4% |
| Fixed assets | 21/28 | €32,577 | €1,609 | -€30,969 | -95.1% |
| Tangible fixed assets | 22/27 | €32,577 | €1,609 | -€30,969 | -95.1% |
| Land and buildings | 22 | €1,819 | €1,609 | -€210 | -11.5% |
| Furniture and vehicles | 24 | €30,759 | - | -€30,759 | |
| Current assets | 29/58 | €42,953 | €47,213 | +€4,260 | +9.9% |
| Amounts receivable within one year | 40/41 | €38,416 | €42,337 | +€3,921 | +10.2% |
| Trade receivables | 40 | €30,122 | €42,337 | +€12,215 | +40.6% |
| Other amounts receivable | 41 | €8,294 | - | -€8,294 | |
| Cash at bank and in hand | 54/58 | €4,537 | €4,876 | +€340 | +7.5% |
| Total equity and liabilities | 10/49 | €75,530 | €48,821 | -€26,709 | -35.4% |
| Equity | 10/15 | €28,499 | €16,313 | -€12,186 | -42.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €23,499 | €23,499 | = | 0.0% |
| Distributable reserves | 133 | €23,499 | €23,499 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€12,186 | -€12,186 | |
| Amounts payable | 17/49 | €47,031 | €32,508 | -€14,523 | -30.9% |
| Amounts payable after more than one year | 17 | €13,608 | €1,997 | -€11,611 | -85.3% |
| Financial debts | 170/4 | €13,608 | €1,997 | -€11,611 | -85.3% |
| Amounts payable within one year | 42/48 | €33,423 | €30,511 | -€2,912 | -8.7% |
| Current portion of amounts payable after more than one year | 42 | €10,999 | €11,611 | +€612 | +5.6% |
| Trade debts | 44 | €4,602 | €2,973 | -€1,629 | -35.4% |
| Suppliers | 440/4 | €4,602 | €2,973 | -€1,629 | -35.4% |
| Taxes, remuneration and social security | 45 | €17,822 | €10,472 | -€7,350 | -41.2% |
| Taxes | 450/3 | €14,803 | €5,972 | -€8,830 | -59.7% |
| Remuneration and social security | 454/9 | €3,019 | €4,500 | +€1,481 | +49.0% |
| Other amounts payable | 47/48 | - | €5,455 | +€5,455 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,050 | €210 | -€9,840 | -97.9% |
| Other operating charges | 640/8 | €712 | - | -€712 | |
| Non-recurring operating charges | 66A | - | €5,966 | +€5,966 | |
| Gross operating margin | 9900 | €14,094 | -€4,162 | -€18,256 | |
| Operating profit (loss) | 9901 | €3,333 | -€10,337 | -€13,670 | |
| Financial charges | 65/66B | €1,862 | €1,837 | -€25 | -1.3% |
| Recurring financial charges | 65 | €1,862 | €1,837 | -€25 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €1,471 | -€12,174 | -€13,646 | |
| Income taxes | 67/77 | €534 | €11 | -€523 | -97.9% |
| Profit (loss) for the period | 9904 | €937 | -€12,186 | -€13,123 | |
| Profit (loss) for the period to be appropriated | 9905 | €937 | -€12,186 | -€13,123 |
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 10 October 2026 via checked.be.