JOURDAN: 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.
JOURDAN
Largest movements
- Receivables within one year -€99,383
down €99,383 (-92.4%), from €107,608 to €8,225
of which Other amounts receivable: -€99,383
- Cash -€48,146
down €48,146 (-100.0%), from €48,146 to €0
mainly Net result for the year (-€118,951) and Investment in fixed assets (net) (-€49,604)
- Tangible fixed assets +€36,821
up €36,821 (+3.7%), from €988,078 to €1.0m
- Profit (loss) carried forward -€118,951
down €118,951 (-8.2%), from -€1.5m to -€1.6m
- Debts after one year +€13,212
up €13,212 (+7.6%), from €172,984 to €186,196
- Gross operating margin +€49,057
up €49,057 (+56.8%), from -€86,295 to -€37,239
- Financial charges +€34,478
up €34,478 (+327.5%), from €10,527 to €45,005
- Other operating charges +€23,140
up €23,140 (+4507.8%), from €513 to €23,654
- Depreciation +€4,196
up €4,196 (+48.9%), from €8,587 to €12,783
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 | €1,143,990 | €1,042,793 | -€101,198 | -8.8% |
| Fixed assets | 21/28 | €988,078 | €1,024,899 | +€36,821 | +3.7% |
| Tangible fixed assets | 22/27 | €988,078 | €1,024,899 | +€36,821 | +3.7% |
| Land and buildings | 22 | €988,078 | €1,024,899 | +€36,821 | +3.7% |
| Current assets | 29/58 | €155,912 | €17,894 | -€138,018 | -88.5% |
| Amounts receivable within one year | 40/41 | €107,608 | €8,225 | -€99,383 | -92.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €107,608 | €8,225 | -€99,383 | -92.4% |
| Current investments | 50/53 | €0 | €9,669 | +€9,669 | |
| Cash at bank and in hand | 54/58 | €48,146 | €0 | -€48,146 | -100.0% |
| Deferred charges and accrued income | 490/1 | €158 | €0 | -€158 | -100.0% |
| Total equity and liabilities | 10/49 | €1,143,990 | €1,042,793 | -€101,198 | -8.8% |
| Equity | 10/15 | €929,038 | €810,087 | -€118,951 | -12.8% |
| Contributions | 10/11 | €1,429,244 | €1,429,244 | = | 0.0% |
| Reserves | 13 | €955,017 | €955,017 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,635 | €12,635 | = | 0.0% |
| Distributable reserves | 133 | €942,382 | €942,382 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,455,223 | -€1,574,174 | -€118,951 | -8.2% |
| Amounts payable | 17/49 | €214,952 | €232,706 | +€17,753 | +8.3% |
| Amounts payable after more than one year | 17 | €172,984 | €186,196 | +€13,212 | +7.6% |
| Financial debts | 170/4 | €172,984 | €186,196 | +€13,212 | +7.6% |
| Amounts payable within one year | 42/48 | €41,066 | €44,322 | +€3,256 | +7.9% |
| Trade debts | 44 | €3,131 | €2,903 | -€228 | -7.3% |
| Suppliers | 440/4 | €3,131 | €2,903 | -€228 | -7.3% |
| Taxes, remuneration and social security | 45 | €7,935 | €516 | -€7,419 | -93.5% |
| Taxes | 450/3 | €7,935 | €516 | -€7,419 | -93.5% |
| Other amounts payable | 47/48 | €30,000 | €40,902 | +€10,902 | +36.3% |
| Accrued charges and deferred income | 492/3 | €902 | €2,188 | +€1,286 | +142.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,587 | €12,783 | +€4,196 | +48.9% |
| Other operating charges | 640/8 | €513 | €23,654 | +€23,140 | +4507.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€86,295 | -€37,239 | +€49,057 | +56.8% |
| Operating profit (loss) | 9901 | -€95,396 | -€73,675 | +€21,720 | +22.8% |
| Financial charges | 65/66B | €10,527 | €45,005 | +€34,478 | +327.5% |
| Recurring financial charges | 65 | €10,527 | €45,005 | +€34,478 | +327.5% |
| Profit (loss) for the period before taxes | 9903 | -€105,922 | -€118,680 | -€12,758 | -12.0% |
| Income taxes | 67/77 | - | €271 | +€271 | |
| Profit (loss) for the period | 9904 | -€105,922 | -€118,951 | -€13,029 | -12.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€105,922 | -€118,951 | -€13,029 | -12.3% |
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 11 October 2026 via checked.be.