HELLO JOE: 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.
HELLO JOE
Largest movements
- Cash -€13,423
down €13,423 (-33.9%), from €39,617 to €26,194
mainly Contributions, distributions and other (-€61,156) and Tax, wage and social debts (-€6,238)
- Contributions -€20,000
no longer reported in 2025 (was €20,000)
- Reserves +€9,184
up €9,184 (+7.8%), from €117,556 to €126,740
- Tax, wage and social debts -€6,238
down €6,238 (-27.3%), from €22,881 to €16,643
of which Taxes: -€6,555
- Other debts +€1,666
new in 2025: €1,666
- Turnover +€31,059
up €31,059 (+25.0%), from €124,363 to €155,422
- Gross operating margin +€30,368
up €30,368 (+71.5%), from €42,474 to €72,842
- Taxes +€6,594
up €6,594 (+46.8%), from €14,076 to €20,669
- Financial income -€2,094
down €2,094 (-37.3%), from €5,620 to €3,526
of which Non-recurring financial income: -€1,218
- Financial charges +€1,619
up €1,619 (+337%), from €480 to €2,099
of which Non-recurring financial charges: +€1,881
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 | €161,536 | €146,244 | -€15,292 | -9.5% |
| Fixed assets | 21/28 | €5,257 | €4,014 | -€1,243 | -23.6% |
| Tangible fixed assets | 22/27 | €5,257 | €4,014 | -€1,243 | -23.6% |
| Plant, machinery and equipment | 23 | €3,774 | €3,080 | -€694 | -18.4% |
| Furniture and vehicles | 24 | €1,483 | €934 | -€549 | -37.0% |
| Current assets | 29/58 | €156,278 | €142,230 | -€14,049 | -9.0% |
| Amounts receivable after more than one year | 29 | €24,488 | €24,488 | = | 0.0% |
| Other amounts receivable | 291 | €24,488 | €24,488 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €69,589 | €68,786 | -€803 | -1.2% |
| Trade receivables | 40 | €13,487 | €63,581 | +€50,094 | +371% |
| Other amounts receivable | 41 | €56,102 | €5,205 | -€50,897 | -90.7% |
| Current investments | 50/53 | €22,585 | €22,762 | +€177 | +0.8% |
| Cash at bank and in hand | 54/58 | €39,617 | €26,194 | -€13,423 | -33.9% |
| Total equity and liabilities | 10/49 | €161,536 | €146,244 | -€15,292 | -9.5% |
| Equity | 10/15 | €137,556 | €126,740 | -€10,816 | -7.9% |
| Contributions | 10/11 | €20,000 | - | -€20,000 | |
| Reserves | 13 | €117,556 | €126,740 | +€9,184 | +7.8% |
| Distributable reserves | 133 | €117,556 | €126,740 | +€9,184 | +7.8% |
| Amounts payable | 17/49 | €23,979 | €19,504 | -€4,475 | -18.7% |
| Amounts payable within one year | 42/48 | €23,979 | €19,504 | -€4,475 | -18.7% |
| Current portion of amounts payable after more than one year | 42 | - | €1,070 | +€1,070 | |
| Trade debts | 44 | €1,098 | €125 | -€973 | -88.6% |
| Suppliers | 440/4 | €1,098 | €125 | -€973 | -88.6% |
| Taxes, remuneration and social security | 45 | €22,881 | €16,643 | -€6,238 | -27.3% |
| Taxes | 450/3 | €22,881 | €16,326 | -€6,555 | -28.6% |
| Remuneration and social security | 454/9 | - | €317 | +€317 | |
| Other amounts payable | 47/48 | - | €1,666 | +€1,666 | |
| Turnover | 70 | €124,363 | €155,422 | +€31,059 | +25.0% |
| Non-recurring operating income | 76A | €3,382 | €2,163 | -€1,218 | -36.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €86,422 | €85,663 | -€760 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,542 | €1,700 | +€158 | +10.2% |
| Other operating charges | 640/8 | €1,345 | €1,560 | +€215 | +16.0% |
| Gross operating margin | 9900 | €42,474 | €72,842 | +€30,368 | +71.5% |
| Operating profit (loss) | 9901 | €39,586 | €69,582 | +€29,996 | +75.8% |
| Financial income | 75/76B | €5,620 | €3,526 | -€2,094 | -37.3% |
| Recurring financial income | 75 | €2,238 | €1,363 | -€875 | -39.1% |
| Non-recurring financial income | 76B | €3,382 | €2,163 | -€1,218 | -36.0% |
| Financial charges | 65/66B | €480 | €2,099 | +€1,619 | +337% |
| Recurring financial charges | 65 | €480 | €218 | -€262 | -54.6% |
| Non-recurring financial charges | 66B | - | €1,881 | +€1,881 | |
| Profit (loss) for the period before taxes | 9903 | €44,726 | €71,009 | +€26,283 | +58.8% |
| Income taxes | 67/77 | €14,076 | €20,669 | +€6,594 | +46.8% |
| Profit (loss) for the period | 9904 | €30,650 | €50,340 | +€19,689 | +64.2% |
| Profit (loss) for the period to be appropriated | 9905 | €30,650 | €50,340 | +€19,689 | +64.2% |
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 18 October 2026 via checked.be.