JACORE: 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.
JACORE
Largest movements
- Receivables within one year +€27,330
up €27,330 (+24.1%), from €113,340 to €140,670
of which Trade receivables: +€28,580
- Tangible fixed assets -€3,521
down €3,521 (-25.9%), from €13,571 to €10,050
of which Furniture and vehicles: -€2,110
- Cash +€2,703
up €2,703 (+137%), from €1,979 to €4,682
mainly Depreciation (+€22,635) and Debts after one year (+€11,598)
- Debts after one year +€11,598
new in 2025: €11,598
- Other debts +€11,258
up €11,258 (+18.8%), from €59,788 to €71,046
- Reserves +€6,830
up €6,830 (+282%), from €2,419 to €9,248
of which Distributable reserves: +€6,830
- Trade debts -€3,477
down €3,477 (-31.4%), from €11,057 to €7,580
- Staff costs +€9,113
up €9,113 (+7.1%), from €128,775 to €137,888
- Gross operating margin +€4,805
up €4,805 (+2.8%), from €171,879 to €176,684
- Taxes -€3,509
down €3,509 (-54.0%), from €6,499 to €2,990
- Depreciation +€2,832
up €2,832 (+14.3%), from €19,803 to €22,635
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 | €128,890 | €155,403 | +€26,512 | +20.6% |
| Fixed assets | 21/28 | €13,571 | €10,050 | -€3,521 | -25.9% |
| Tangible fixed assets | 22/27 | €13,571 | €10,050 | -€3,521 | -25.9% |
| Plant, machinery and equipment | 23 | €416 | €306 | -€110 | -26.4% |
| Furniture and vehicles | 24 | €4,441 | €2,331 | -€2,110 | -47.5% |
| Leasing and similar rights | 25 | €8,714 | €7,413 | -€1,301 | -14.9% |
| Current assets | 29/58 | €115,319 | €145,352 | +€30,033 | +26.0% |
| Amounts receivable within one year | 40/41 | €113,340 | €140,670 | +€27,330 | +24.1% |
| Trade receivables | 40 | €112,090 | €140,670 | +€28,580 | +25.5% |
| Other amounts receivable | 41 | €1,250 | - | -€1,250 | |
| Cash at bank and in hand | 54/58 | €1,979 | €4,682 | +€2,703 | +137% |
| Total equity and liabilities | 10/49 | €128,890 | €155,403 | +€26,512 | +20.6% |
| Equity | 10/15 | €21,819 | €28,648 | +€6,830 | +31.3% |
| Contributions | 10/11 | €19,400 | €19,400 | = | 0.0% |
| Reserves | 13 | €2,419 | €9,248 | +€6,830 | +282% |
| Non-distributable reserves | 130/1 | €1,940 | €1,940 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,940 | €1,940 | = | 0.0% |
| Distributable reserves | 133 | €479 | €7,308 | +€6,830 | +1,427% |
| Amounts payable | 17/49 | €107,072 | €126,754 | +€19,683 | +18.4% |
| Amounts payable after more than one year | 17 | - | €11,598 | +€11,598 | |
| Financial debts | 170/4 | - | €11,598 | +€11,598 | |
| Amounts payable within one year | 42/48 | €107,072 | €115,156 | +€8,084 | +7.6% |
| Current portion of amounts payable after more than one year | 42 | €7,576 | €6,634 | -€942 | -12.4% |
| Trade debts | 44 | €11,057 | €7,580 | -€3,477 | -31.4% |
| Suppliers | 440/4 | €11,057 | €7,580 | -€3,477 | -31.4% |
| Taxes, remuneration and social security | 45 | €28,650 | €29,896 | +€1,246 | +4.3% |
| Taxes | 450/3 | €8,788 | €10,647 | +€1,858 | +21.1% |
| Remuneration and social security | 454/9 | €19,862 | €19,249 | -€613 | -3.1% |
| Other amounts payable | 47/48 | €59,788 | €71,046 | +€11,258 | +18.8% |
| Remuneration, social security and pensions | 62 | €128,775 | €137,888 | +€9,113 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,803 | €22,635 | +€2,832 | +14.3% |
| Other operating charges | 640/8 | €4,030 | €3,622 | -€409 | -10.1% |
| Gross operating margin | 9900 | €171,879 | €176,684 | +€4,805 | +2.8% |
| Operating profit (loss) | 9901 | €19,272 | €12,540 | -€6,732 | -34.9% |
| Financial income | 75/76B | €0 | €3 | +€2 | +2,480% |
| Recurring financial income | 75 | €0 | €3 | +€2 | +2,480% |
| Financial charges | 65/66B | €1,040 | €2,723 | +€1,683 | +162% |
| Recurring financial charges | 65 | €1,040 | €2,723 | +€1,683 | +162% |
| Profit (loss) for the period before taxes | 9903 | €18,231 | €9,820 | -€8,412 | -46.1% |
| Income taxes | 67/77 | €6,499 | €2,990 | -€3,509 | -54.0% |
| Profit (loss) for the period | 9904 | €11,733 | €6,830 | -€4,903 | -41.8% |
| Profit (loss) for the period to be appropriated | 9905 | €11,733 | €6,830 | -€4,903 | -41.8% |
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 25 October 2026 via checked.be.