Jo + Liz: 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.
Jo + Liz
Largest movements
- Cash -€15,950
down €15,950 (-55.9%), from €28,508 to €12,558
mainly Net result for the year (-€15,360) and Stocks and contracts (-€11,076)
- Stocks and contracts +€11,076
up €11,076 (+18.8%), from €58,790 to €69,866
- Tangible fixed assets -€3,490
down €3,490 (-14.9%), from €23,348 to €19,858
of which Other tangible fixed assets: -€2,808
- Profit (loss) carried forward -€15,360
down €15,360 (-41.3%), from -€37,176 to -€52,535
- Trade debts +€3,775
up €3,775 (+12.0%), from €31,476 to €35,251
- Accrued charges and deferred income +€3,305
new in 2025: €3,305
- Gross operating margin +€42,287
up €42,287 (+83.1%), from -€50,862 to -€8,576
- Depreciation -€1,261
down €1,261 (-25.8%), from €4,884 to €3,623
- Financial charges -€997
down €997 (-22.2%), from €4,486 to €3,489
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 | €114,835 | €105,951 | -€8,884 | -7.7% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €23,481 | €19,858 | -€3,623 | -15.4% |
| Intangible fixed assets | 21 | €133 | €0 | -€133 | -100% |
| Tangible fixed assets | 22/27 | €23,348 | €19,858 | -€3,490 | -14.9% |
| Furniture and vehicles | 24 | €1,839 | €1,158 | -€681 | -37.1% |
| Other tangible fixed assets | 26 | €21,509 | €18,701 | -€2,808 | -13.1% |
| Current assets | 29/58 | €91,354 | €86,093 | -€5,261 | -5.8% |
| Stocks and contracts in progress | 3 | €58,790 | €69,866 | +€11,076 | +18.8% |
| Stocks | 30/36 | €58,790 | €69,866 | +€11,076 | +18.8% |
| Amounts receivable within one year | 40/41 | €2,625 | €3,284 | +€660 | +25.1% |
| Trade receivables | 40 | €817 | €0 | -€817 | -100% |
| Other amounts receivable | 41 | €1,807 | €3,284 | +€1,477 | +81.7% |
| Cash at bank and in hand | 54/58 | €28,508 | €12,558 | -€15,950 | -55.9% |
| Deferred charges and accrued income | 490/1 | €1,431 | €384 | -€1,048 | -73.2% |
| Total equity and liabilities | 10/49 | €114,835 | €105,951 | -€8,884 | -7.7% |
| Equity | 10/15 | -€35,176 | -€50,535 | -€15,360 | -43.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,176 | -€52,535 | -€15,360 | -41.3% |
| Amounts payable | 17/49 | €150,011 | €156,486 | +€6,475 | +4.3% |
| Amounts payable within one year | 42/48 | €150,011 | €153,181 | +€3,170 | +2.1% |
| Financial debts | 43 | €469 | €863 | +€394 | +84.1% |
| Other loans | 439 | €469 | €863 | +€394 | +84.1% |
| Trade debts | 44 | €31,476 | €35,251 | +€3,775 | +12.0% |
| Suppliers | 440/4 | €31,476 | €35,251 | +€3,775 | +12.0% |
| Advances received on contracts in progress | 46 | €191 | €0 | -€191 | -100% |
| Taxes, remuneration and social security | 45 | €6,596 | €5,698 | -€899 | -13.6% |
| Taxes | 450/3 | €6,596 | €5,698 | -€899 | -13.6% |
| Other amounts payable | 47/48 | €111,279 | €111,370 | +€91 | +0.1% |
| Accrued charges and deferred income | 492/3 | - | €3,305 | +€3,305 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,884 | €3,623 | -€1,261 | -25.8% |
| Other operating charges | 640/8 | €235 | €546 | +€311 | +133% |
| Gross operating margin | 9900 | -€50,862 | -€8,576 | +€42,287 | +83.1% |
| Operating profit (loss) | 9901 | -€55,981 | -€12,744 | +€43,237 | +77.2% |
| Financial income | 75/76B | €1,213 | €874 | -€339 | -27.9% |
| Recurring financial income | 75 | €1,213 | €874 | -€339 | -27.9% |
| Financial charges | 65/66B | €4,486 | €3,489 | -€997 | -22.2% |
| Recurring financial charges | 65 | €4,486 | €3,489 | -€997 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | -€59,254 | -€15,360 | +€43,895 | +74.1% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€59,254 | -€15,360 | +€43,895 | +74.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€59,254 | -€15,360 | +€43,895 | +74.1% |
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 22 October 2026 via checked.be.