Jo One: 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 One
Largest movements
- Receivables within one year -€16,043
down €16,043 (-18.8%), from €85,540 to €69,497
of which Other amounts receivable: -€40,230
- Cash +€12,238
up €12,238 (+783%), from €1,562 to €13,801
mainly Net result for the year (+€22,491) and Debts after one year (+€21,565)
- Deferred charges and accrued income +€6,053
up €6,053 (+356%), from €1,699 to €7,752
- Current investments +€6,006
up €6,006 (+300%), from €2,000 to €8,006
- Stocks and contracts -€4,605
down €4,605 (-9.9%), from €46,617 to €42,012
- Profit (loss) carried forward +€22,491
up €22,491 (+80.4%), from €27,963 to €50,454
- Debts after one year +€21,565
new in 2024: €21,565
- Trade debts -€12,893
down €12,893 (-26.1%), from €49,310 to €36,417
- Advances received -€10,148
no longer reported in 2024 (was €10,148)
- Tax, wage and social debts -€8,613
down €8,613 (-22.9%), from €37,575 to €28,961
of which Taxes: -€10,218
- Staff costs +€21,588
up €21,588 (+55.1%), from €39,180 to €60,768
- Gross operating margin +€15,096
up €15,096 (+17.2%), from €87,815 to €102,911
- Financial charges +€4,429
up €4,429 (+222%), from €1,994 to €6,423
- Other operating charges -€3,910
down €3,910 (-87.8%), from €4,452 to €542
- Taxes -€2,679
down €2,679 (-22.8%), from €11,747 to €9,068
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €150,241 | €150,265 | +€24 | 0.0% |
| Formation expenses | 20 | €910 | €696 | -€214 | -23.5% |
| Fixed assets | 21/28 | €11,914 | €8,502 | -€3,412 | -28.6% |
| Tangible fixed assets | 22/27 | €11,914 | €8,502 | -€3,412 | -28.6% |
| Plant, machinery and equipment | 23 | €3,343 | €1,931 | -€1,412 | -42.2% |
| Furniture and vehicles | 24 | €8,571 | €6,571 | -€2,000 | -23.3% |
| Current assets | 29/58 | €137,418 | €141,067 | +€3,649 | +2.7% |
| Stocks and contracts in progress | 3 | €46,617 | €42,012 | -€4,605 | -9.9% |
| Stocks | 30/36 | €46,617 | €42,012 | -€4,605 | -9.9% |
| Amounts receivable within one year | 40/41 | €85,540 | €69,497 | -€16,043 | -18.8% |
| Trade receivables | 40 | €6,207 | €30,394 | +€24,187 | +390% |
| Other amounts receivable | 41 | €79,333 | €39,103 | -€40,230 | -50.7% |
| Current investments | 50/53 | €2,000 | €8,006 | +€6,006 | +300% |
| Cash at bank and in hand | 54/58 | €1,562 | €13,801 | +€12,238 | +783% |
| Deferred charges and accrued income | 490/1 | €1,699 | €7,752 | +€6,053 | +356% |
| Total equity and liabilities | 10/49 | €150,241 | €150,265 | +€24 | 0.0% |
| Equity | 10/15 | €31,463 | €53,954 | +€22,491 | +71.5% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,963 | €50,454 | +€22,491 | +80.4% |
| Amounts payable | 17/49 | €118,778 | €96,311 | -€22,468 | -18.9% |
| Amounts payable after more than one year | 17 | - | €21,565 | +€21,565 | |
| Other amounts payable | 178/9 | - | €21,565 | +€21,565 | |
| Amounts payable within one year | 42/48 | €118,778 | €74,746 | -€44,032 | -37.1% |
| Current portion of amounts payable after more than one year | 42 | €3,453 | - | -€3,453 | |
| Financial debts | 43 | €4,996 | - | -€4,996 | |
| Credit institutions | 430/8 | €4,996 | - | -€4,996 | |
| Trade debts | 44 | €49,310 | €36,417 | -€12,893 | -26.1% |
| Suppliers | 440/4 | €49,310 | €36,417 | -€12,893 | -26.1% |
| Advances received on contracts in progress | 46 | €10,148 | - | -€10,148 | |
| Taxes, remuneration and social security | 45 | €37,575 | €28,961 | -€8,613 | -22.9% |
| Taxes | 450/3 | €31,151 | €20,933 | -€10,218 | -32.8% |
| Remuneration and social security | 454/9 | €6,423 | €8,028 | +€1,605 | +25.0% |
| Other amounts payable | 47/48 | €13,297 | €9,367 | -€3,930 | -29.6% |
| Remuneration, social security and pensions | 62 | €39,180 | €60,768 | +€21,588 | +55.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,480 | €3,626 | +€1,145 | +46.2% |
| Other operating charges | 640/8 | €4,452 | €542 | -€3,910 | -87.8% |
| Gross operating margin | 9900 | €87,815 | €102,911 | +€15,096 | +17.2% |
| Operating profit (loss) | 9901 | €41,704 | €37,976 | -€3,728 | -8.9% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €1,994 | €6,423 | +€4,429 | +222% |
| Recurring financial charges | 65 | €1,994 | €6,423 | +€4,429 | +222% |
| Profit (loss) for the period before taxes | 9903 | €39,710 | €31,559 | -€8,151 | -20.5% |
| Income taxes | 67/77 | €11,747 | €9,068 | -€2,679 | -22.8% |
| Profit (loss) for the period | 9904 | €27,963 | €22,491 | -€5,472 | -19.6% |
| Profit (loss) for the period to be appropriated | 9905 | €27,963 | €22,491 | -€5,472 | -19.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.