JORUCO: what changed
JORUCO
Largest movements
- Cash -€59,879
down €59,879 (-61.5%), from €97,344 to €37,465
mainly Contributions, distributions and other (-€80,793) and Receivables within one year (-€14,295)
- Receivables within one year +€14,295
up €14,295 (+534%), from €2,676 to €16,971
of which Trade receivables: +€12,100
- Current investments +€7,384
up €7,384 (+3.7%), from €200,000 to €207,384
- Reserves -€40,779
down €40,779 (-13.6%), from €299,061 to €258,282
- Financial income +€10,548
new in 2025: €10,548
- Depreciation -€4,987
down €4,987 (-64.6%), from €7,721 to €2,734
- Taxes +€3,784
up €3,784 (+30.6%), from €12,379 to €16,163
- Gross operating margin -€1,749
down €1,749 (-3.4%), from €51,250 to €49,501
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €303,473 | €262,539 | -€40,934 | -13.5% |
| Fixed assets | 21/28 | €3,453 | €719 | -€2,734 | -79.2% |
| Tangible fixed assets | 22/27 | €3,453 | €719 | -€2,734 | -79.2% |
| Furniture and vehicles | 24 | €3,453 | €719 | -€2,734 | -79.2% |
| Current assets | 29/58 | €300,020 | €261,820 | -€38,200 | -12.7% |
| Amounts receivable within one year | 40/41 | €2,676 | €16,971 | +€14,295 | +534% |
| Trade receivables | 40 | - | €12,100 | +€12,100 | |
| Other amounts receivable | 41 | €2,676 | €4,871 | +€2,195 | +82.0% |
| Current investments | 50/53 | €200,000 | €207,384 | +€7,384 | +3.7% |
| Cash at bank and in hand | 54/58 | €97,344 | €37,465 | -€59,879 | -61.5% |
| Total equity and liabilities | 10/49 | €303,473 | €262,539 | -€40,934 | -13.5% |
| Equity | 10/15 | €299,061 | €258,282 | -€40,779 | -13.6% |
| Reserves | 13 | €299,061 | €258,282 | -€40,779 | -13.6% |
| Distributable reserves | 133 | €299,061 | €258,282 | -€40,779 | -13.6% |
| Amounts payable | 17/49 | €4,412 | €4,257 | -€155 | -3.5% |
| Amounts payable within one year | 42/48 | €4,412 | €4,257 | -€155 | -3.5% |
| Taxes, remuneration and social security | 45 | €4,412 | €4,257 | -€155 | -3.5% |
| Taxes | 450/3 | €4,412 | €4,257 | -€155 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,721 | €2,734 | -€4,987 | -64.6% |
| Other operating charges | 640/8 | €1,108 | €1,081 | -€27 | -2.4% |
| Gross operating margin | 9900 | €51,250 | €49,501 | -€1,749 | -3.4% |
| Operating profit (loss) | 9901 | €42,421 | €45,686 | +€3,265 | +7.7% |
| Financial income | 75/76B | - | €10,548 | +€10,548 | |
| Recurring financial income | 75 | - | €10,548 | +€10,548 | |
| Financial charges | 65/66B | €54 | €57 | +€3 | +5.6% |
| Recurring financial charges | 65 | €54 | €57 | +€3 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | €42,367 | €56,177 | +€13,810 | +32.6% |
| Income taxes | 67/77 | €12,379 | €16,163 | +€3,784 | +30.6% |
| Profit (loss) for the period | 9904 | €29,988 | €40,014 | +€10,026 | +33.4% |
| Profit (loss) for the period to be appropriated | 9905 | €29,988 | €40,014 | +€10,026 | +33.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.