Ets JOANNE: 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.
Ets JOANNE
Largest movements
- Receivables within one year +€23,664
up €23,664 (+4.8%), from €489,050 to €512,714
of which Trade receivables: +€30,238
- Cash +€14,637
up €14,637 (+28.7%), from €50,936 to €65,573
mainly Other debts (+€25,548) and Net result for the year (+€15,916)
- Other debts +€25,548
up €25,548 (+20.7%), from €123,504 to €149,051
- Profit (loss) carried forward +€15,916
up €15,916 (+5.1%), from €309,626 to €325,542
- Gross operating margin +€7,828
up €7,828 (+40.2%), from €19,490 to €27,318
- Financial charges -€3,262
down €3,262 (-25.4%), from €12,858 to €9,596
- Taxes -€1,627
down €1,627 (-100%), from €1,627 to €0
- Other operating charges +€1,024
up €1,024 (+131%), from €782 to €1,806
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 | €540,093 | €578,393 | +€38,300 | +7.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €107 | €107 | = | 0.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Financial fixed assets | 28 | €107 | €107 | = | 0.0% |
| Current assets | 29/58 | €539,986 | €578,286 | +€38,300 | +7.1% |
| Amounts receivable within one year | 40/41 | €489,050 | €512,714 | +€23,664 | +4.8% |
| Trade receivables | 40 | €298,183 | €328,420 | +€30,238 | +10.1% |
| Other amounts receivable | 41 | €190,867 | €184,294 | -€6,574 | -3.4% |
| Cash at bank and in hand | 54/58 | €50,936 | €65,573 | +€14,637 | +28.7% |
| Total equity and liabilities | 10/49 | €540,093 | €578,393 | +€38,300 | +7.1% |
| Equity | 10/15 | €408,937 | €424,853 | +€15,916 | +3.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €37,311 | €37,311 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €31,111 | €31,111 | = | 0.0% |
| Profit (loss) carried forward | 14 | €309,626 | €325,542 | +€15,916 | +5.1% |
| Amounts payable | 17/49 | €131,156 | €153,541 | +€22,384 | +17.1% |
| Amounts payable within one year | 42/48 | €131,156 | €153,541 | +€22,384 | +17.1% |
| Trade debts | 44 | €0 | €1,789 | +€1,789 | |
| Suppliers | 440/4 | - | €1,789 | +€1,789 | |
| Taxes, remuneration and social security | 45 | €7,652 | €2,700 | -€4,952 | -64.7% |
| Taxes | 450/3 | €7,652 | €2,700 | -€4,952 | -64.7% |
| Other amounts payable | 47/48 | €123,504 | €149,051 | +€25,548 | +20.7% |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Other operating charges | 640/8 | €782 | €1,806 | +€1,024 | +131% |
| Gross operating margin | 9900 | €19,490 | €27,318 | +€7,828 | +40.2% |
| Operating profit (loss) | 9901 | €18,708 | €25,512 | +€6,804 | +36.4% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €12,858 | €9,596 | -€3,262 | -25.4% |
| Recurring financial charges | 65 | €12,858 | €9,596 | -€3,262 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | €5,852 | €15,916 | +€10,064 | +172% |
| Income taxes | 67/77 | €1,627 | €0 | -€1,627 | -100% |
| Profit (loss) for the period | 9904 | €4,224 | €15,916 | +€11,692 | +277% |
| Profit (loss) for the period to be appropriated | 9905 | €4,224 | €15,916 | +€11,692 | +277% |
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 13 October 2026 via checked.be.