V. JODI: what changed
Two fiscal 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.
V. JODI
Largest movements
- Cash -€213,770
down €213,770 (-69.2%), from €308,854 to €95,084
mainly Receivables within one year (-€175,422) and Stocks and contracts (-€139,677)
- Receivables within one year +€175,422
up €175,422 (+75.7%), from €231,607 to €407,029
of which Other amounts receivable: +€129,231
- Stocks and contracts +€139,677
up €139,677 (+21.2%), from €659,993 to €799,670
- Tangible fixed assets -€30,342
down €30,342 (-19.9%), from €152,168 to €121,826
of which Furniture and vehicles: -€21,368
- Reserves +€164,408
up €164,408 (+20.4%), from €806,903 to €971,310
of which Distributable reserves: +€164,408
- Tax, wage and social debts -€42,416
down €42,416 (-38.3%), from €110,732 to €68,316
of which Taxes: -€59,362
- Trade debts -€42,348
down €42,348 (-52.2%), from €81,141 to €38,793
- Debts after one year -€37,360
down €37,360 (-53.4%), from €69,968 to €32,607
- Short-term financial debts +€21,897
up €21,897 (+72.5%), from €30,214 to €52,111
- Staff costs +€69,489
up €69,489 (+21.3%), from €326,618 to €396,107
- Gross operating margin -€30,114
down €30,114 (-4.2%), from €722,615 to €692,501
- Taxes -€29,099
down €29,099 (-27.5%), from €105,837 to €76,738
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 | €1,367,086 | €1,446,635 | +€79,549 | +5.8% |
| Fixed assets | 21/28 | €152,168 | €130,622 | -€21,546 | -14.2% |
| Intangible fixed assets | 21 | - | €8,796 | +€8,796 | |
| Tangible fixed assets | 22/27 | €152,168 | €121,826 | -€30,342 | -19.9% |
| Land and buildings | 22 | €58,193 | €51,818 | -€6,374 | -11.0% |
| Plant, machinery and equipment | 23 | €7,764 | €5,164 | -€2,600 | -33.5% |
| Furniture and vehicles | 24 | €86,212 | €64,844 | -€21,368 | -24.8% |
| Current assets | 29/58 | €1,214,918 | €1,316,014 | +€101,096 | +8.3% |
| Stocks and contracts in progress | 3 | €659,993 | €799,670 | +€139,677 | +21.2% |
| Stocks | 30/36 | €659,993 | €799,670 | +€139,677 | +21.2% |
| Amounts receivable within one year | 40/41 | €231,607 | €407,029 | +€175,422 | +75.7% |
| Trade receivables | 40 | €231,607 | €277,798 | +€46,191 | +19.9% |
| Other amounts receivable | 41 | - | €129,231 | +€129,231 | |
| Cash at bank and in hand | 54/58 | €308,854 | €95,084 | -€213,770 | -69.2% |
| Deferred charges and accrued income | 490/1 | €14,464 | €14,231 | -€233 | -1.6% |
| Total equity and liabilities | 10/49 | €1,367,086 | €1,446,635 | +€79,549 | +5.8% |
| Equity | 10/15 | €868,903 | €1,033,310 | +€164,408 | +18.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €806,903 | €971,310 | +€164,408 | +20.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €800,703 | €965,110 | +€164,408 | +20.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €498,183 | €413,325 | -€84,858 | -17.0% |
| Amounts payable after more than one year | 17 | €69,968 | €32,607 | -€37,360 | -53.4% |
| Financial debts | 170/4 | €69,968 | €32,607 | -€37,360 | -53.4% |
| Amounts payable within one year | 42/48 | €421,636 | €373,414 | -€48,223 | -11.4% |
| Current portion of amounts payable after more than one year | 42 | €36,116 | €37,360 | +€1,244 | +3.4% |
| Financial debts | 43 | €30,214 | €52,111 | +€21,897 | +72.5% |
| Credit institutions | 430/8 | €30,214 | €52,111 | +€21,897 | +72.5% |
| Trade debts | 44 | €81,141 | €38,793 | -€42,348 | -52.2% |
| Suppliers | 440/4 | €81,141 | €38,793 | -€42,348 | -52.2% |
| Advances received on contracts in progress | 46 | - | €8,000 | +€8,000 | |
| Taxes, remuneration and social security | 45 | €110,732 | €68,316 | -€42,416 | -38.3% |
| Taxes | 450/3 | €89,526 | €30,164 | -€59,362 | -66.3% |
| Remuneration and social security | 454/9 | €21,206 | €38,152 | +€16,946 | +79.9% |
| Other amounts payable | 47/48 | €163,433 | €168,833 | +€5,400 | +3.3% |
| Accrued charges and deferred income | 492/3 | €6,580 | €7,304 | +€725 | +11.0% |
| Non-recurring operating income | 76A | €6,689 | €0 | -€6,689 | -100.0% |
| Remuneration, social security and pensions | 62 | €326,618 | €396,107 | +€69,489 | +21.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,674 | €31,977 | -€6,697 | -17.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,153 | €9,839 | +€3,686 | +59.9% |
| Other operating charges | 640/8 | €16,709 | €13,661 | -€3,048 | -18.2% |
| Gross operating margin | 9900 | €722,615 | €692,501 | -€30,114 | -4.2% |
| Operating profit (loss) | 9901 | €334,462 | €240,918 | -€93,544 | -28.0% |
| Financial income | 75/76B | €6,120 | €6,364 | +€243 | +4.0% |
| Recurring financial income | 75 | €6,120 | €6,364 | +€243 | +4.0% |
| Financial charges | 65/66B | €5,112 | €6,136 | +€1,023 | +20.0% |
| Recurring financial charges | 65 | €5,112 | €6,136 | +€1,023 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | €335,469 | €241,146 | -€94,324 | -28.1% |
| Income taxes | 67/77 | €105,837 | €76,738 | -€29,099 | -27.5% |
| Profit (loss) for the period | 9904 | €229,633 | €164,408 | -€65,225 | -28.4% |
| Profit (loss) for the period to be appropriated | 9905 | €229,633 | €164,408 | -€65,225 | -28.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.