Jo-Kwadraat: what changed
Jo-Kwadraat
Largest movements
- Cash -€5,981
down €5,981 (-60.1%), from €9,957 to €3,976
mainly Other debts (-€13,677) and Tax, wage and social debts (-€2,584)
- Receivables within one year -€5,428
down €5,428 (-19.5%), from €27,769 to €22,341
of which Trade receivables: -€14,400
- Tangible fixed assets -€1,510
down €1,510 (-44.0%), from €3,430 to €1,920
of which Furniture and vehicles: -€1,302
- Other debts -€13,677
down €13,677 (-100%), from €13,677 to €0
- Reserves +€3,705
up €3,705 (+20.5%), from €18,040 to €21,745
- Tax, wage and social debts -€2,584
down €2,584 (-40.1%), from €6,440 to €3,856
- Gross operating margin -€34,292
down €34,292 (-79.8%), from €42,988 to €8,697
- Taxes -€3,414
down €3,414 (-69.7%), from €4,901 to €1,486
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €43,657 | €30,738 | -€12,919 | -29.6% |
| Fixed assets | 21/28 | €5,930 | €4,420 | -€1,510 | -25.5% |
| Tangible fixed assets | 22/27 | €3,430 | €1,920 | -€1,510 | -44.0% |
| Plant, machinery and equipment | 23 | €1,490 | €1,282 | -€208 | -14.0% |
| Furniture and vehicles | 24 | €1,941 | €639 | -€1,302 | -67.1% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €37,726 | €26,317 | -€11,409 | -30.2% |
| Amounts receivable within one year | 40/41 | €27,769 | €22,341 | -€5,428 | -19.5% |
| Trade receivables | 40 | €27,670 | €13,270 | -€14,400 | -52.0% |
| Other amounts receivable | 41 | €99 | €9,071 | +€8,972 | +9,024% |
| Cash at bank and in hand | 54/58 | €9,957 | €3,976 | -€5,981 | -60.1% |
| Total equity and liabilities | 10/49 | €43,657 | €30,738 | -€12,919 | -29.6% |
| Equity | 10/15 | €23,040 | €26,745 | +€3,705 | +16.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €18,040 | €21,745 | +€3,705 | +20.5% |
| Distributable reserves | 133 | €18,040 | €21,745 | +€3,705 | +20.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €20,617 | €3,993 | -€16,624 | -80.6% |
| Amounts payable within one year | 42/48 | €20,617 | €3,993 | -€16,624 | -80.6% |
| Trade debts | 44 | €500 | €137 | -€363 | -72.7% |
| Suppliers | 440/4 | €500 | €137 | -€363 | -72.7% |
| Taxes, remuneration and social security | 45 | €6,440 | €3,856 | -€2,584 | -40.1% |
| Taxes | 450/3 | €6,440 | €3,856 | -€2,584 | -40.1% |
| Other amounts payable | 47/48 | €13,677 | €0 | -€13,677 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,510 | €1,510 | = | 0.0% |
| Other operating charges | 640/8 | €907 | €777 | -€130 | -14.4% |
| Gross operating margin | 9900 | €42,988 | €8,697 | -€34,292 | -79.8% |
| Operating profit (loss) | 9901 | €40,571 | €6,410 | -€34,162 | -84.2% |
| Financial charges | 65/66B | €1,604 | €1,218 | -€386 | -24.1% |
| Recurring financial charges | 65 | €1,604 | €1,218 | -€386 | -24.1% |
| Profit (loss) for the period before taxes | 9903 | €38,967 | €5,191 | -€33,776 | -86.7% |
| Income taxes | 67/77 | €4,901 | €1,486 | -€3,414 | -69.7% |
| Profit (loss) for the period | 9904 | €34,066 | €3,705 | -€30,361 | -89.1% |
| Profit (loss) for the period to be appropriated | 9905 | €34,066 | €3,705 | -€30,361 | -89.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.