J. JOANNES: 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.
J. JOANNES
Largest movements
- Stocks and contracts -€11,873
down €11,873 (-17.9%), from €66,146 to €54,273
- Receivables within one year +€6,482
up €6,482 (+112%), from €5,805 to €12,286
of which Other amounts receivable: +€4,756
- Tangible fixed assets -€5,226
down €5,226 (-33.8%), from €15,455 to €10,229
of which Furniture and vehicles: -€4,274
- Current investments -€3,629
down €3,629 (-16.4%), from €22,084 to €18,455
- Profit (loss) carried forward -€10,409
down €10,409 (-40.2%), from €25,900 to €15,491
- Tax, wage and social debts +€5,736
up €5,736 (+101%), from €5,677 to €11,413
- Current portion of long-term debt -€5,526
down €5,526 (-85.9%), from €6,435 to €909
- Other debts -€3,294
down €3,294 (-33.3%), from €9,900 to €6,606
- Gross operating margin -€17,445
down €17,445, from €11,773 to -€5,672
- Financial charges -€553
down €553 (-39.0%), from €1,417 to €865
- Financial income -€492
down €492 (-15.3%), from €3,211 to €2,719
- Write-downs -€346
down €346, from €177 to -€169
- Other operating charges -€217
down €217 (-12.4%), from €1,751 to €1,534
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 | €125,711 | €110,635 | -€15,076 | -12.0% |
| Fixed assets | 21/28 | €15,455 | €10,396 | -€5,059 | -32.7% |
| Tangible fixed assets | 22/27 | €15,455 | €10,229 | -€5,226 | -33.8% |
| Furniture and vehicles | 24 | €8,981 | €4,707 | -€4,274 | -47.6% |
| Other tangible fixed assets | 26 | €6,474 | €5,522 | -€952 | -14.7% |
| Financial fixed assets | 28 | - | €167 | +€167 | |
| Current assets | 29/58 | €110,256 | €100,239 | -€10,017 | -9.1% |
| Stocks and contracts in progress | 3 | €66,146 | €54,273 | -€11,873 | -17.9% |
| Stocks | 30/36 | €66,146 | €54,273 | -€11,873 | -17.9% |
| Amounts receivable within one year | 40/41 | €5,805 | €12,286 | +€6,482 | +112% |
| Trade receivables | 40 | €5,665 | €7,390 | +€1,725 | +30.5% |
| Other amounts receivable | 41 | €140 | €4,897 | +€4,756 | +3,395% |
| Current investments | 50/53 | €22,084 | €18,455 | -€3,629 | -16.4% |
| Cash at bank and in hand | 54/58 | €12,905 | €11,888 | -€1,018 | -7.9% |
| Deferred charges and accrued income | 490/1 | €3,315 | €3,336 | +€21 | +0.6% |
| Total equity and liabilities | 10/49 | €125,711 | €110,635 | -€15,076 | -12.0% |
| Equity | 10/15 | €101,100 | €90,691 | -€10,409 | -10.3% |
| 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 | €13,200 | €13,200 | = | 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 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,900 | €15,491 | -€10,409 | -40.2% |
| Amounts payable | 17/49 | €24,611 | €19,944 | -€4,667 | -19.0% |
| Amounts payable after more than one year | 17 | €909 | €0 | -€909 | -100% |
| Financial debts | 170/4 | €909 | €0 | -€909 | -100% |
| Amounts payable within one year | 42/48 | €23,702 | €19,944 | -€3,758 | -15.9% |
| Current portion of amounts payable after more than one year | 42 | €6,435 | €909 | -€5,526 | -85.9% |
| Financial debts | 43 | €1,009 | €691 | -€318 | -31.5% |
| Credit institutions | 430/8 | €1,009 | €691 | -€318 | -31.5% |
| Trade debts | 44 | €681 | €324 | -€356 | -52.3% |
| Suppliers | 440/4 | €681 | €324 | -€356 | -52.3% |
| Taxes, remuneration and social security | 45 | €5,677 | €11,413 | +€5,736 | +101% |
| Taxes | 450/3 | €5,677 | €11,413 | +€5,736 | +101% |
| Other amounts payable | 47/48 | €9,900 | €6,606 | -€3,294 | -33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,226 | €5,226 | +€0 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €177 | -€169 | -€346 | |
| Other operating charges | 640/8 | €1,751 | €1,534 | -€217 | -12.4% |
| Gross operating margin | 9900 | €11,773 | -€5,672 | -€17,445 | |
| Operating profit (loss) | 9901 | €4,619 | -€12,263 | -€16,883 | |
| Financial income | 75/76B | €3,211 | €2,719 | -€492 | -15.3% |
| Recurring financial income | 75 | €3,211 | €2,719 | -€492 | -15.3% |
| Financial charges | 65/66B | €1,417 | €865 | -€553 | -39.0% |
| Recurring financial charges | 65 | €1,417 | €865 | -€553 | -39.0% |
| Profit (loss) for the period before taxes | 9903 | €6,413 | -€10,409 | -€16,822 | |
| Profit (loss) for the period | 9904 | €6,413 | -€10,409 | -€16,822 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,413 | -€10,409 | -€16,822 |
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.