JORO: 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.
JORO
Largest movements
- Cash +€8,476
up €8,476 (+20.2%), from €41,918 to €50,395
mainly Depreciation (+€6,667) and Other debts (+€2,025)
- Tangible fixed assets -€6,667
down €6,667 (-8.4%), from €79,723 to €73,056
of which Land and buildings: -€4,462
- Deferred charges and accrued income +€1,277
up €1,277 (+427%), from €299 to €1,576
- Other debts +€2,025
up €2,025 (+648%), from €313 to €2,338
- Trade debts +€1,747
up €1,747, from €0 to €1,747
- Financial charges -€473
down €473 (-14.6%), from €3,250 to €2,777
- Gross operating margin -€426
down €426 (-3.3%), from €13,001 to €12,575
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €122,459 | €125,305 | +€2,847 | +2.3% |
| Fixed assets | 21/28 | €79,723 | €73,056 | -€6,667 | -8.4% |
| Tangible fixed assets | 22/27 | €79,723 | €73,056 | -€6,667 | -8.4% |
| Land and buildings | 22 | €60,527 | €56,066 | -€4,462 | -7.4% |
| Plant, machinery and equipment | 23 | €19,195 | €16,990 | -€2,206 | -11.5% |
| Current assets | 29/58 | €42,736 | €52,250 | +€9,514 | +22.3% |
| Amounts receivable within one year | 40/41 | €518 | €279 | -€239 | -46.1% |
| Other amounts receivable | 41 | €518 | €279 | -€239 | -46.1% |
| Cash at bank and in hand | 54/58 | €41,918 | €50,395 | +€8,476 | +20.2% |
| Deferred charges and accrued income | 490/1 | €299 | €1,576 | +€1,277 | +427% |
| Total equity and liabilities | 10/49 | €122,459 | €125,305 | +€2,847 | +2.3% |
| Equity | 10/15 | €77,337 | €77,819 | +€481 | +0.6% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €51,735 | €52,217 | +€481 | +0.9% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Distributable reserves | 133 | €49,256 | €49,738 | +€481 | +1.0% |
| Profit (loss) carried forward | 14 | €813 | €813 | = | 0.0% |
| Amounts payable | 17/49 | €45,121 | €47,487 | +€2,365 | +5.2% |
| Amounts payable within one year | 42/48 | €40,461 | €43,272 | +€2,810 | +6.9% |
| Financial debts | 43 | €40,149 | €39,187 | -€962 | -2.4% |
| Other loans | 439 | €40,149 | €39,187 | -€962 | -2.4% |
| Trade debts | 44 | €0 | €1,747 | +€1,747 | |
| Suppliers | 440/4 | €0 | €1,747 | +€1,747 | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €313 | €2,338 | +€2,025 | +648% |
| Accrued charges and deferred income | 492/3 | €4,660 | €4,215 | -€445 | -9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,667 | €6,667 | = | 0.0% |
| Other operating charges | 640/8 | €2,356 | €2,429 | +€73 | +3.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €13,001 | €12,575 | -€426 | -3.3% |
| Operating profit (loss) | 9901 | €3,978 | €3,479 | -€499 | -12.5% |
| Financial charges | 65/66B | €3,250 | €2,777 | -€473 | -14.6% |
| Recurring financial charges | 65 | €3,250 | €2,777 | -€473 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €728 | €702 | -€26 | -3.5% |
| Income taxes | 67/77 | €232 | €221 | -€11 | -4.8% |
| Profit (loss) for the period | 9904 | €496 | €481 | -€15 | -3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €496 | €481 | -€15 | -3.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.