Hey Jo: 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.
Hey Jo
Largest movements
- Tangible fixed assets -€9,324
down €9,324 (-86.8%), from €10,742 to €1,418
- Cash -€4,932
down €4,932 (-11.2%), from €44,210 to €39,277
mainly Other debts (-€24,148) and Debts after one year (-€7,563)
- Receivables within one year +€4,878
up €4,878 (+28.4%), from €17,154 to €22,032
of which Trade receivables: +€5,992
- Other debts -€24,148
down €24,148 (-62.1%), from €38,917 to €14,768
- Profit (loss) carried forward +€17,748
up €17,748 (+499%), from €3,556 to €21,305
- Debts after one year -€7,563
no longer reported in 2025 (was €7,563)
- Tax, wage and social debts +€3,399
up €3,399 (+39.0%), from €8,726 to €12,126
- Trade debts +€1,753
up €1,753 (+823%), from €213 to €1,966
- Gross operating margin +€4,038
up €4,038 (+12.6%), from €31,923 to €35,961
- Depreciation -€1,401
down €1,401 (-11.8%), from €11,839 to €10,439
- Taxes +€1,142
up €1,142 (+24.7%), from €4,618 to €5,759
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 | €72,106 | €62,728 | -€9,378 | -13.0% |
| Fixed assets | 21/28 | €10,742 | €1,418 | -€9,324 | -86.8% |
| Tangible fixed assets | 22/27 | €10,742 | €1,418 | -€9,324 | -86.8% |
| Furniture and vehicles | 24 | €10,742 | €1,418 | -€9,324 | -86.8% |
| Current assets | 29/58 | €61,364 | €61,309 | -€55 | -0.1% |
| Amounts receivable within one year | 40/41 | €17,154 | €22,032 | +€4,878 | +28.4% |
| Trade receivables | 40 | €15,658 | €21,650 | +€5,992 | +38.3% |
| Other amounts receivable | 41 | €1,496 | €382 | -€1,114 | -74.5% |
| Cash at bank and in hand | 54/58 | €44,210 | €39,277 | -€4,932 | -11.2% |
| Total equity and liabilities | 10/49 | €72,106 | €62,728 | -€9,378 | -13.0% |
| Equity | 10/15 | €8,556 | €26,305 | +€17,748 | +207% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,556 | €21,305 | +€17,748 | +499% |
| Amounts payable | 17/49 | €63,549 | €36,423 | -€27,127 | -42.7% |
| Amounts payable after more than one year | 17 | €7,563 | - | -€7,563 | |
| Financial debts | 170/4 | €7,563 | - | -€7,563 | |
| Amounts payable within one year | 42/48 | €55,987 | €36,423 | -€19,564 | -34.9% |
| Current portion of amounts payable after more than one year | 42 | €8,131 | €7,563 | -€568 | -7.0% |
| Trade debts | 44 | €213 | €1,966 | +€1,753 | +823% |
| Suppliers | 440/4 | €213 | €1,966 | +€1,753 | +823% |
| Taxes, remuneration and social security | 45 | €8,726 | €12,126 | +€3,399 | +39.0% |
| Taxes | 450/3 | €8,726 | €12,126 | +€3,399 | +39.0% |
| Other amounts payable | 47/48 | €38,917 | €14,768 | -€24,148 | -62.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,839 | €10,439 | -€1,401 | -11.8% |
| Other operating charges | 640/8 | €1,478 | €1,610 | +€132 | +8.9% |
| Gross operating margin | 9900 | €31,923 | €35,961 | +€4,038 | +12.6% |
| Operating profit (loss) | 9901 | €18,606 | €23,912 | +€5,306 | +28.5% |
| Financial charges | 65/66B | €472 | €405 | -€67 | -14.2% |
| Recurring financial charges | 65 | €472 | €405 | -€67 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €18,134 | €23,508 | +€5,373 | +29.6% |
| Income taxes | 67/77 | €4,618 | €5,759 | +€1,142 | +24.7% |
| Profit (loss) for the period | 9904 | €13,516 | €17,748 | +€4,232 | +31.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,516 | €17,748 | +€4,232 | +31.3% |
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.