JOTREX: 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.
JOTREX
Largest movements
- Cash -€3,200
down €3,200 (-83.4%), from €3,837 to €637
mainly Net result for the year (-€11,023) and Stocks and contracts (-€2,361)
- Stocks and contracts +€2,361
up €2,361 (+5.9%), from €40,352 to €42,712
- Receivables within one year +€785
up €785 (+23.7%), from €3,313 to €4,098
of which Trade receivables: +€3,633
- Profit (loss) carried forward -€11,023
down €11,023 (-20.4%), from -€54,139 to -€65,162
- Trade debts +€6,270
up €6,270 (+15.4%), from €40,628 to €46,898
- Other debts +€5,139
up €5,139 (+26.3%), from €19,510 to €24,649
- Gross operating margin -€36,494
down €36,494 (-34.2%), from €106,711 to €70,218
- Staff costs -€4,677
down €4,677 (-5.7%), from €81,529 to €76,852
- Depreciation -€1,185
down €1,185 (-84.6%), from €1,399 to €215
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 | €49,151 | €48,918 | -€233 | -0.5% |
| Fixed assets | 21/28 | €749 | €535 | -€215 | -28.7% |
| Tangible fixed assets | 22/27 | €610 | €395 | -€215 | -35.2% |
| Furniture and vehicles | 24 | €610 | €395 | -€215 | -35.2% |
| Financial fixed assets | 28 | €140 | €140 | = | 0.0% |
| Current assets | 29/58 | €48,401 | €48,383 | -€18 | 0.0% |
| Stocks and contracts in progress | 3 | €40,352 | €42,712 | +€2,361 | +5.9% |
| Stocks | 30/36 | €40,352 | €42,712 | +€2,361 | +5.9% |
| Amounts receivable within one year | 40/41 | €3,313 | €4,098 | +€785 | +23.7% |
| Trade receivables | 40 | €465 | €4,098 | +€3,633 | +781% |
| Other amounts receivable | 41 | €2,848 | - | -€2,848 | |
| Cash at bank and in hand | 54/58 | €3,837 | €637 | -€3,200 | -83.4% |
| Deferred charges and accrued income | 490/1 | €899 | €935 | +€37 | +4.1% |
| Total equity and liabilities | 10/49 | €49,151 | €48,918 | -€233 | -0.5% |
| Equity | 10/15 | -€31,267 | -€42,290 | -€11,023 | -35.3% |
| Contributions | 10/11 | €17,000 | €17,000 | = | 0.0% |
| Capital | 10 | €17,000 | - | -€17,000 | |
| Issued capital | 100 | €20,000 | - | -€20,000 | |
| Uncalled capital | 101 | €3,000 | - | -€3,000 | |
| Reserves | 13 | €5,872 | €5,872 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Legal reserve | 130 | €2,000 | - | -€2,000 | |
| Other | 1319 | - | €2,000 | +€2,000 | |
| Distributable reserves | 133 | €3,872 | €3,872 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,139 | -€65,162 | -€11,023 | -20.4% |
| Amounts payable | 17/49 | €80,418 | €91,208 | +€10,790 | +13.4% |
| Amounts payable within one year | 42/48 | €80,418 | €91,208 | +€10,790 | +13.4% |
| Current portion of amounts payable after more than one year | 42 | €251 | - | -€251 | |
| Trade debts | 44 | €40,628 | €46,898 | +€6,270 | +15.4% |
| Suppliers | 440/4 | €40,628 | €46,898 | +€6,270 | +15.4% |
| Taxes, remuneration and social security | 45 | €20,029 | €19,661 | -€368 | -1.8% |
| Taxes | 450/3 | €2,375 | €1,397 | -€979 | -41.2% |
| Remuneration and social security | 454/9 | €17,654 | €18,265 | +€611 | +3.5% |
| Other amounts payable | 47/48 | €19,510 | €24,649 | +€5,139 | +26.3% |
| Remuneration, social security and pensions | 62 | €81,529 | €76,852 | -€4,677 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,399 | €215 | -€1,185 | -84.6% |
| Other operating charges | 640/8 | €1,439 | €1,569 | +€130 | +9.1% |
| Non-recurring operating charges | 66A | - | €239 | +€239 | |
| Gross operating margin | 9900 | €106,711 | €70,218 | -€36,494 | -34.2% |
| Operating profit (loss) | 9901 | €22,344 | -€8,657 | -€31,002 | |
| Financial income | 75/76B | €3 | €1 | -€2 | -59.3% |
| Recurring financial income | 75 | €3 | €1 | -€2 | -59.3% |
| Financial charges | 65/66B | €1,825 | €2,367 | +€542 | +29.7% |
| Recurring financial charges | 65 | €1,825 | €2,367 | +€542 | +29.7% |
| Profit (loss) for the period before taxes | 9903 | €20,523 | -€11,023 | -€31,545 | |
| Income taxes | 67/77 | €152 | - | -€152 | |
| Profit (loss) for the period | 9904 | €20,371 | -€11,023 | -€31,393 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,371 | -€11,023 | -€31,393 |
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 26 October 2026 via checked.be.