Jo Beck: what changed
Two fiscal 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.
Jo Beck
Largest movements
- Receivables within one year +€3,607
up €3,607 (+3.2%), from €111,295 to €114,902
of which Other amounts receivable: +€7,698
- Other debts +€39,395
up €39,395 (+346.7%), from €11,362 to €50,757
- Profit (loss) carried forward -€26,728
new in 2025: -€26,728
- Tax, wage and social debts -€22,970
down €22,970 (-96.0%), from €23,934 to €964
- Trade debts +€14,930
up €14,930 (+43.6%), from €34,214 to €49,145
- Short-term financial debts -€1,628
down €1,628 (-16.3%), from €9,967 to €8,340
- Gross operating margin -€44,471
down €44,471, from €20,407 to -€24,065
- Taxes -€21,930
no longer reported in 2025 (was €21,930)
- Other operating charges -€9,496
down €9,496 (-91.8%), from €10,339 to €843
- Financial charges -€725
down €725 (-30.7%), from €2,362 to €1,637
- Depreciation -€448
down €448 (-45.2%), from €990 to €543
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.
Cash bridge derived
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 | €113,816 | €116,562 | +€2,746 | +2.4% |
| Fixed assets | 21/28 | €780 | €237 | -€543 | -69.6% |
| Tangible fixed assets | 22/27 | €687 | €144 | -€543 | -79.0% |
| Plant, machinery and equipment | 23 | €687 | €144 | -€543 | -79.0% |
| Financial fixed assets | 28 | €93 | €93 | = | 0.0% |
| Current assets | 29/58 | €113,036 | €116,325 | +€3,288 | +2.9% |
| Amounts receivable within one year | 40/41 | €111,295 | €114,902 | +€3,607 | +3.2% |
| Trade receivables | 40 | €66,126 | €62,035 | -€4,091 | -6.2% |
| Other amounts receivable | 41 | €45,169 | €52,867 | +€7,698 | +17.0% |
| Cash at bank and in hand | 54/58 | €398 | €398 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €1,344 | €1,025 | -€319 | -23.7% |
| Total equity and liabilities | 10/49 | €113,816 | €116,562 | +€2,746 | +2.4% |
| Equity | 10/15 | €34,338 | €7,357 | -€26,981 | -78.6% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Capital | 10 | €30,987 | €30,987 | = | 0.0% |
| Issued capital | 100 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €3,352 | €3,099 | -€253 | -7.5% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €253 | - | -€253 | |
| Profit (loss) carried forward | 14 | - | -€26,728 | -€26,728 | |
| Amounts payable | 17/49 | €79,478 | €109,205 | +€29,727 | +37.4% |
| Amounts payable within one year | 42/48 | €79,478 | €109,205 | +€29,727 | +37.4% |
| Financial debts | 43 | €9,967 | €8,340 | -€1,628 | -16.3% |
| Credit institutions | 430/8 | €9,967 | €8,340 | -€1,628 | -16.3% |
| Trade debts | 44 | €34,214 | €49,145 | +€14,930 | +43.6% |
| Suppliers | 440/4 | €34,214 | €49,145 | +€14,930 | +43.6% |
| Taxes, remuneration and social security | 45 | €23,934 | €964 | -€22,970 | -96.0% |
| Taxes | 450/3 | €23,934 | €964 | -€22,970 | -96.0% |
| Other amounts payable | 47/48 | €11,362 | €50,757 | +€39,395 | +346.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €990 | €543 | -€448 | -45.2% |
| Other operating charges | 640/8 | €10,339 | €843 | -€9,496 | -91.8% |
| Gross operating margin | 9900 | €20,407 | -€24,065 | -€44,471 | |
| Operating profit (loss) | 9901 | €9,078 | -€25,450 | -€34,528 | |
| Financial income | 75/76B | €436 | €105 | -€331 | -75.8% |
| Recurring financial income | 75 | €436 | €105 | -€331 | -75.8% |
| Financial charges | 65/66B | €2,362 | €1,637 | -€725 | -30.7% |
| Recurring financial charges | 65 | €2,362 | €1,637 | -€725 | -30.7% |
| Profit (loss) for the period before taxes | 9903 | €7,153 | -€26,981 | -€34,134 | |
| Income taxes | 67/77 | €21,930 | - | -€21,930 | |
| Profit (loss) for the period | 9904 | -€14,778 | -€26,981 | -€12,204 | -82.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,778 | -€26,981 | -€12,204 | -82.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.