SJO Holding: 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.
SJO Holding
Largest movements
- Receivables within one year +€2,163
up €2,163 (+34.7%), from €6,231 to €8,394
of which Other amounts receivable: +€1,185
- Cash -€1,993
down €1,993 (-19.3%), from €10,305 to €8,312
mainly Contributions, distributions and other (-€11,368) and Receivables within one year (-€2,163)
- Other debts +€2,102
up €2,102 (+22.6%), from €9,285 to €11,387
- Tax, wage and social debts -€1,994
down €1,994 (-43.9%), from €4,537 to €2,544
- Gross operating margin +€2,553
up €2,553 (+15.8%), from €16,125 to €18,678
- Taxes +€686
up €686 (+11.2%), from €6,129 to €6,815
- Depreciation -€211
down €211 (-80.8%), from €261 to €50
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 | €17,070 | €17,190 | +€120 | +0.7% |
| Fixed assets | 21/28 | €534 | €484 | -€50 | -9.4% |
| Tangible fixed assets | 22/27 | €50 | - | -€50 | |
| Furniture and vehicles | 24 | €50 | - | -€50 | |
| Financial fixed assets | 28 | €484 | €484 | = | 0.0% |
| Current assets | 29/58 | €16,536 | €16,706 | +€170 | +1.0% |
| Amounts receivable within one year | 40/41 | €6,231 | €8,394 | +€2,163 | +34.7% |
| Trade receivables | 40 | €6,231 | €7,209 | +€978 | +15.7% |
| Other amounts receivable | 41 | - | €1,185 | +€1,185 | |
| Cash at bank and in hand | 54/58 | €10,305 | €8,312 | -€1,993 | -19.3% |
| Total equity and liabilities | 10/49 | €17,070 | €17,190 | +€120 | +0.7% |
| Equity | 10/15 | €2,860 | €2,860 | = | 0.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Amounts payable | 17/49 | €14,210 | €14,330 | +€120 | +0.8% |
| Amounts payable within one year | 42/48 | €14,210 | €14,330 | +€120 | +0.8% |
| Trade debts | 44 | €387 | €400 | +€12 | +3.2% |
| Suppliers | 440/4 | €387 | €400 | +€12 | +3.2% |
| Taxes, remuneration and social security | 45 | €4,537 | €2,544 | -€1,994 | -43.9% |
| Taxes | 450/3 | €4,537 | €2,544 | -€1,994 | -43.9% |
| Other amounts payable | 47/48 | €9,285 | €11,387 | +€2,102 | +22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €261 | €50 | -€211 | -80.8% |
| Other operating charges | 640/8 | €424 | €400 | -€25 | -5.8% |
| Gross operating margin | 9900 | €16,125 | €18,678 | +€2,553 | +15.8% |
| Operating profit (loss) | 9901 | €15,440 | €18,228 | +€2,788 | +18.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €15,395 | €18,183 | +€2,788 | +18.1% |
| Income taxes | 67/77 | €6,129 | €6,815 | +€686 | +11.2% |
| Profit (loss) for the period | 9904 | €9,266 | €11,368 | +€2,102 | +22.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,266 | €11,368 | +€2,102 | +22.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.