JOURQUIN: 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.
JOURQUIN
Largest movements
- Tangible fixed assets +€145,192
up €145,192 (+268%), from €54,090 to €199,282
of which Other tangible fixed assets: +€149,862
- Current investments -€56,925
down €56,925 (-17.6%), from €323,884 to €266,959
- Cash -€11,538
down €11,538 (-28.5%), from €40,459 to €28,920
mainly Contributions, distributions and other (-€160,725) and Investment in fixed assets (net) (-€159,375)
- Receivables within one year -€8,979
down €8,979 (-11.1%), from €80,961 to €71,981
of which Trade receivables: -€8,734
- Tax, wage and social debts +€44,704
up €44,704 (+111%), from €40,338 to €85,042
of which Remuneration and social security: +€35,634
- Other debts +€33,125
up €33,125 (+39.6%), from €83,702 to €116,826
- Trade debts -€23,930
down €23,930 (-60.9%), from €39,284 to €15,355
- Short-term financial debts +€23,610
new in 2025: €23,610
- Reserves -€9,208
down €9,208 (-2.8%), from €334,801 to €325,593
- Staff costs +€56,370
up €56,370 (+19.2%), from €293,987 to €350,357
- Gross operating margin +€53,446
up €53,446 (+10.4%), from €514,704 to €568,150
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 | €504,325 | €572,626 | +€68,301 | +13.5% |
| Fixed assets | 21/28 | €54,090 | €199,282 | +€145,192 | +268% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €54,090 | €199,282 | +€145,192 | +268% |
| Plant, machinery and equipment | 23 | €25,983 | €23,734 | -€2,249 | -8.7% |
| Furniture and vehicles | 24 | €5,261 | €2,839 | -€2,422 | -46.0% |
| Other tangible fixed assets | 26 | €22,847 | €172,709 | +€149,862 | +656% |
| Current assets | 29/58 | €450,235 | €373,345 | -€76,890 | -17.1% |
| Amounts receivable within one year | 40/41 | €80,961 | €71,981 | -€8,979 | -11.1% |
| Trade receivables | 40 | €67,249 | €58,515 | -€8,734 | -13.0% |
| Other amounts receivable | 41 | €13,711 | €13,466 | -€245 | -1.8% |
| Current investments | 50/53 | €323,884 | €266,959 | -€56,925 | -17.6% |
| Cash at bank and in hand | 54/58 | €40,459 | €28,920 | -€11,538 | -28.5% |
| Deferred charges and accrued income | 490/1 | €4,931 | €5,484 | +€553 | +11.2% |
| Total equity and liabilities | 10/49 | €504,325 | €572,626 | +€68,301 | +13.5% |
| Equity | 10/15 | €341,001 | €331,793 | -€9,208 | -2.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €334,801 | €325,593 | -€9,208 | -2.8% |
| Distributable reserves | 133 | €334,801 | €325,593 | -€9,208 | -2.8% |
| Amounts payable | 17/49 | €163,324 | €240,833 | +€77,509 | +47.5% |
| Amounts payable within one year | 42/48 | €163,324 | €240,833 | +€77,509 | +47.5% |
| Financial debts | 43 | - | €23,610 | +€23,610 | |
| Credit institutions | 430/8 | - | €23,610 | +€23,610 | |
| Trade debts | 44 | €39,284 | €15,355 | -€23,930 | -60.9% |
| Suppliers | 440/4 | €39,284 | €15,355 | -€23,930 | -60.9% |
| Taxes, remuneration and social security | 45 | €40,338 | €85,042 | +€44,704 | +111% |
| Taxes | 450/3 | - | €9,070 | +€9,070 | |
| Remuneration and social security | 454/9 | €40,338 | €75,972 | +€35,634 | +88.3% |
| Other amounts payable | 47/48 | €83,702 | €116,826 | +€33,125 | +39.6% |
| Remuneration, social security and pensions | 62 | €293,987 | €350,357 | +€56,370 | +19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,234 | €14,183 | +€2,949 | +26.3% |
| Other operating charges | 640/8 | €2,066 | €2,010 | -€56 | -2.7% |
| Gross operating margin | 9900 | €514,704 | €568,150 | +€53,446 | +10.4% |
| Operating profit (loss) | 9901 | €207,418 | €201,601 | -€5,817 | -2.8% |
| Financial income | 75/76B | €8,082 | €8,462 | +€379 | +4.7% |
| Recurring financial income | 75 | €8,082 | €8,462 | +€379 | +4.7% |
| Financial charges | 65/66B | €1,810 | €1,625 | -€185 | -10.2% |
| Recurring financial charges | 65 | €1,810 | €1,625 | -€185 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €213,690 | €208,438 | -€5,253 | -2.5% |
| Income taxes | 67/77 | €62,382 | €56,920 | -€5,461 | -8.8% |
| Profit (loss) for the period | 9904 | €151,309 | €151,517 | +€209 | +0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €151,309 | €151,517 | +€209 | +0.1% |
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 15 October 2026 via checked.be.