A - JONI'S: 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.
A - JONI'S
Largest movements
- Tangible fixed assets -€44,952
down €44,952 (-12.1%), from €371,428 to €326,476
of which Land and buildings: -€33,441
- Stocks and contracts +€27,066
up €27,066 (+10.4%), from €261,500 to €288,566
- Cash +€22,932
up €22,932 (+44.5%), from €51,537 to €74,470
mainly Short-term financial debts (+€119,983) and Depreciation (+€47,042)
- Short-term financial debts +€119,983
up €119,983 (+40.0%), from €300,018 to €420,000
- Debts after one year -€97,087
down €97,087 (-24.0%), from €404,703 to €307,615
of which Financial debts: -€91,625
- Current portion of long-term debt -€53,676
down €53,676 (-52.5%), from €102,163 to €48,487
- Profit (loss) carried forward +€46,595
up €46,595 (+23.4%), from -€199,522 to -€152,928
- Trade debts -€20,065
down €20,065 (-43.8%), from €45,798 to €25,733
- Gross operating margin +€25,557
up €25,557 (+9.9%), from €258,323 to €283,880
- Taxes +€11,479
up €11,479 (+139%), from €8,266 to €19,745
- Staff costs -€8,357
down €8,357 (-5.6%), from €148,885 to €140,528
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 | €746,637 | €750,710 | +€4,072 | +0.5% |
| Fixed assets | 21/28 | €376,460 | €331,507 | -€44,952 | -11.9% |
| Tangible fixed assets | 22/27 | €371,428 | €326,476 | -€44,952 | -12.1% |
| Land and buildings | 22 | €337,278 | €303,837 | -€33,441 | -9.9% |
| Plant, machinery and equipment | 23 | €194 | - | -€194 | |
| Furniture and vehicles | 24 | €33,956 | €22,639 | -€11,317 | -33.3% |
| Financial fixed assets | 28 | €5,032 | €5,032 | = | 0.0% |
| Current assets | 29/58 | €370,178 | €419,202 | +€49,025 | +13.2% |
| Stocks and contracts in progress | 3 | €261,500 | €288,566 | +€27,066 | +10.4% |
| Stocks | 30/36 | €261,500 | €288,566 | +€27,066 | +10.4% |
| Amounts receivable within one year | 40/41 | €45,131 | €44,538 | -€593 | -1.3% |
| Trade receivables | 40 | €38,165 | €37,368 | -€797 | -2.1% |
| Other amounts receivable | 41 | €6,966 | €7,170 | +€204 | +2.9% |
| Cash at bank and in hand | 54/58 | €51,537 | €74,470 | +€22,932 | +44.5% |
| Deferred charges and accrued income | 490/1 | €12,009 | €11,629 | -€380 | -3.2% |
| Total equity and liabilities | 10/49 | €746,637 | €750,710 | +€4,072 | +0.5% |
| Equity | 10/15 | -€144,343 | -€97,748 | +€46,595 | +32.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €36,588 | €36,588 | = | 0.0% |
| Distributable reserves | 133 | €36,588 | €36,588 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€199,522 | -€152,928 | +€46,595 | +23.4% |
| Amounts payable | 17/49 | €890,980 | €848,458 | -€42,522 | -4.8% |
| Amounts payable after more than one year | 17 | €404,703 | €307,615 | -€97,087 | -24.0% |
| Financial debts | 170/4 | €399,240 | €307,615 | -€91,625 | -22.9% |
| Other amounts payable | 178/9 | €5,462 | - | -€5,462 | |
| Amounts payable within one year | 42/48 | €478,462 | €533,278 | +€54,815 | +11.5% |
| Current portion of amounts payable after more than one year | 42 | €102,163 | €48,487 | -€53,676 | -52.5% |
| Financial debts | 43 | €300,018 | €420,000 | +€119,983 | +40.0% |
| Credit institutions | 430/8 | €300,018 | €420,000 | +€119,983 | +40.0% |
| Trade debts | 44 | €45,798 | €25,733 | -€20,065 | -43.8% |
| Suppliers | 440/4 | €45,798 | €25,733 | -€20,065 | -43.8% |
| Advances received on contracts in progress | 46 | - | €169 | +€169 | |
| Taxes, remuneration and social security | 45 | €30,182 | €38,555 | +€8,372 | +27.7% |
| Taxes | 450/3 | €13,588 | €25,309 | +€11,721 | +86.3% |
| Remuneration and social security | 454/9 | €16,595 | €13,246 | -€3,349 | -20.2% |
| Other amounts payable | 47/48 | €300 | €334 | +€33 | +11.0% |
| Accrued charges and deferred income | 492/3 | €7,815 | €7,565 | -€250 | -3.2% |
| Remuneration, social security and pensions | 62 | €148,885 | €140,528 | -€8,357 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,743 | €47,042 | +€300 | +0.6% |
| Other operating charges | 640/8 | €1,851 | €564 | -€1,287 | -69.5% |
| Non-recurring operating charges | 66A | €61 | - | -€61 | |
| Gross operating margin | 9900 | €258,323 | €283,880 | +€25,557 | +9.9% |
| Operating profit (loss) | 9901 | €60,783 | €95,746 | +€34,963 | +57.5% |
| Financial income | 75/76B | €1,422 | €564 | -€858 | -60.3% |
| Recurring financial income | 75 | €1,422 | €564 | -€858 | -60.3% |
| Financial charges | 65/66B | €31,206 | €29,971 | -€1,235 | -4.0% |
| Recurring financial charges | 65 | €31,206 | €29,971 | -€1,235 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €30,999 | €66,339 | +€35,340 | +114% |
| Income taxes | 67/77 | €8,266 | €19,745 | +€11,479 | +139% |
| Profit (loss) for the period | 9904 | €22,733 | €46,595 | +€23,861 | +105% |
| Profit (loss) for the period to be appropriated | 9905 | €22,733 | €46,595 | +€23,861 | +105% |
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 24 October 2026 via checked.be.