BERNARD JOSKIN: 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.
BERNARD JOSKIN
Largest movements
- Tangible fixed assets -€46,316
down €46,316 (-21.9%), from €211,250 to €164,934
of which Furniture and vehicles: -€43,488
- Cash +€24,764
up €24,764 (+43.3%), from €57,236 to €82,000
mainly Depreciation (+€49,466) and Trade debts (+€9,964)
- Receivables within one year +€18,241
up €18,241 (+29.6%), from €61,538 to €79,780
of which Trade receivables: +€16,773
- Trade debts +€9,964
up €9,964 (+1,326%), from €751 to €10,715
- Other debts -€9,436
down €9,436 (-14.6%), from €64,660 to €55,225
- Profit (loss) carried forward -€6,709
down €6,709 (-7.6%), from €87,946 to €81,237
- Gross operating margin +€27,689
up €27,689 (+19.1%), from €144,964 to €172,653
- Depreciation +€4,917
up €4,917 (+11.0%), from €44,549 to €49,466
- Staff costs -€1,829
down €1,829 (-1.5%), from €123,881 to €122,051
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 | €332,960 | €327,562 | -€5,399 | -1.6% |
| Fixed assets | 21/28 | €211,396 | €165,080 | -€46,316 | -21.9% |
| Tangible fixed assets | 22/27 | €211,250 | €164,934 | -€46,316 | -21.9% |
| Land and buildings | 22 | €71,400 | €66,900 | -€4,500 | -6.3% |
| Plant, machinery and equipment | 23 | €1,428 | €3,099 | +€1,671 | +117% |
| Furniture and vehicles | 24 | €138,422 | €94,935 | -€43,488 | -31.4% |
| Financial fixed assets | 28 | €146 | €146 | = | 0.0% |
| Current assets | 29/58 | €121,564 | €162,482 | +€40,918 | +33.7% |
| Amounts receivable within one year | 40/41 | €61,538 | €79,780 | +€18,241 | +29.6% |
| Trade receivables | 40 | €55,965 | €72,738 | +€16,773 | +30.0% |
| Other amounts receivable | 41 | €5,573 | €7,041 | +€1,468 | +26.3% |
| Cash at bank and in hand | 54/58 | €57,236 | €82,000 | +€24,764 | +43.3% |
| Deferred charges and accrued income | 490/1 | €2,790 | €702 | -€2,088 | -74.8% |
| Total equity and liabilities | 10/49 | €332,960 | €327,562 | -€5,399 | -1.6% |
| Equity | 10/15 | €251,235 | €244,525 | -€6,709 | -2.7% |
| Contributions | 10/11 | €22,500 | €22,500 | = | 0.0% |
| Reserves | 13 | €140,789 | €140,789 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,250 | €2,250 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,250 | €2,250 | = | 0.0% |
| Tax-exempt reserves | 132 | €138,539 | €138,539 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,946 | €81,237 | -€6,709 | -7.6% |
| Amounts payable | 17/49 | €81,726 | €83,036 | +€1,311 | +1.6% |
| Amounts payable within one year | 42/48 | €81,714 | €82,867 | +€1,153 | +1.4% |
| Trade debts | 44 | €751 | €10,715 | +€9,964 | +1,326% |
| Suppliers | 440/4 | €751 | €10,715 | +€9,964 | +1,326% |
| Taxes, remuneration and social security | 45 | €16,303 | €16,927 | +€625 | +3.8% |
| Taxes | 450/3 | €5,188 | €4,099 | -€1,089 | -21.0% |
| Remuneration and social security | 454/9 | €11,114 | €12,828 | +€1,714 | +15.4% |
| Other amounts payable | 47/48 | €64,660 | €55,225 | -€9,436 | -14.6% |
| Accrued charges and deferred income | 492/3 | €11 | €169 | +€158 | +1,391% |
| Non-recurring operating income | 76A | - | €5,000 | +€5,000 | |
| Remuneration, social security and pensions | 62 | €123,881 | €122,051 | -€1,829 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,549 | €49,466 | +€4,917 | +11.0% |
| Other operating charges | 640/8 | €4,294 | €4,807 | +€514 | +12.0% |
| Non-recurring operating charges | 66A | €279 | €56 | -€223 | -80.0% |
| Gross operating margin | 9900 | €144,964 | €172,653 | +€27,689 | +19.1% |
| Operating profit (loss) | 9901 | -€28,038 | -€3,728 | +€24,310 | +86.7% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Non-recurring financial income | 76B | €2 | - | -€2 | |
| Financial charges | 65/66B | €3,082 | €2,982 | -€100 | -3.3% |
| Recurring financial charges | 65 | €3,082 | €2,982 | -€100 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | -€31,118 | -€6,709 | +€24,408 | +78.4% |
| Profit (loss) for the period | 9904 | -€31,118 | -€6,709 | +€24,408 | +78.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,118 | -€6,709 | +€24,408 | +78.4% |
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 14 October 2026 via checked.be.