JOA: 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.
JOA
Largest movements
- Receivables within one year -€23,972
down €23,972 (-83.4%), from €28,732 to €4,760
of which Trade receivables: -€22,841
- Intangible fixed assets -€8,250
no longer reported in 2025 (was €8,250)
- Tangible fixed assets -€4,706
down €4,706 (-93.4%), from €5,040 to €334
of which Land and buildings: -€4,451
- Stocks and contracts -€4,282
down €4,282 (-58.8%), from €7,282 to €3,000
of which Contracts in progress: -€2,184
- Profit (loss) carried forward -€29,341
down €29,341 (-3,820%), from -€768 to -€30,109
- Other debts -€13,884
down €13,884 (-46.2%), from €30,050 to €16,166
- Accrued charges and deferred income -€2,656
down €2,656 (-91.2%), from €2,913 to €256
- Tax, wage and social debts +€2,238
up €2,238 (+32.8%), from €6,835 to €9,073
of which Taxes: +€3,135
- Trade debts +€1,968
up €1,968 (+25.7%), from €7,651 to €9,619
- Gross operating margin -€48,137
down €48,137, from €31,918 to -€16,219
- Staff costs -€9,659
down €9,659 (-61.4%), from €15,745 to €6,085
- Depreciation -€4,058
down €4,058 (-94.1%), from €4,313 to €255
- Financial charges -€2,091
down €2,091 (-58.4%), from €3,581 to €1,490
- Taxes -€1,000
no longer reported in 2025 (was €1,000)
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 | €74,115 | €32,441 | -€41,674 | -56.2% |
| Fixed assets | 21/28 | €16,162 | €3,206 | -€12,956 | -80.2% |
| Intangible fixed assets | 21 | €8,250 | - | -€8,250 | |
| Tangible fixed assets | 22/27 | €5,040 | €334 | -€4,706 | -93.4% |
| Land and buildings | 22 | €4,451 | - | -€4,451 | |
| Plant, machinery and equipment | 23 | €589 | €334 | -€255 | -43.2% |
| Financial fixed assets | 28 | €2,872 | €2,872 | = | 0.0% |
| Current assets | 29/58 | €57,954 | €29,235 | -€28,719 | -49.6% |
| Stocks and contracts in progress | 3 | €7,282 | €3,000 | -€4,282 | -58.8% |
| Stocks | 30/36 | €2,098 | - | -€2,098 | |
| Contracts in progress | 37 | €5,184 | €3,000 | -€2,184 | -42.1% |
| Amounts receivable within one year | 40/41 | €28,732 | €4,760 | -€23,972 | -83.4% |
| Trade receivables | 40 | €27,560 | €4,719 | -€22,841 | -82.9% |
| Other amounts receivable | 41 | €1,173 | €41 | -€1,131 | -96.5% |
| Cash at bank and in hand | 54/58 | €21,939 | €21,475 | -€464 | -2.1% |
| Total equity and liabilities | 10/49 | €74,115 | €32,441 | -€41,674 | -56.2% |
| Equity | 10/15 | €26,667 | -€2,673 | -€29,341 | |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €12,436 | €12,436 | = | 0.0% |
| Distributable reserves | 133 | €12,436 | €12,436 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€768 | -€30,109 | -€29,341 | -3,820% |
| Amounts payable | 17/49 | €47,448 | €35,114 | -€12,333 | -26.0% |
| Amounts payable within one year | 42/48 | €44,535 | €34,858 | -€9,677 | -21.7% |
| Trade debts | 44 | €7,651 | €9,619 | +€1,968 | +25.7% |
| Suppliers | 440/4 | €7,651 | €9,619 | +€1,968 | +25.7% |
| Taxes, remuneration and social security | 45 | €6,835 | €9,073 | +€2,238 | +32.8% |
| Taxes | 450/3 | €2,018 | €5,153 | +€3,135 | +155% |
| Remuneration and social security | 454/9 | €4,817 | €3,920 | -€897 | -18.6% |
| Other amounts payable | 47/48 | €30,050 | €16,166 | -€13,884 | -46.2% |
| Accrued charges and deferred income | 492/3 | €2,913 | €256 | -€2,656 | -91.2% |
| Remuneration, social security and pensions | 62 | €15,745 | €6,085 | -€9,659 | -61.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,313 | €255 | -€4,058 | -94.1% |
| Other operating charges | 640/8 | €4,776 | €5,130 | +€355 | +7.4% |
| Non-recurring operating charges | 66A | €434 | €476 | +€42 | +9.8% |
| Gross operating margin | 9900 | €31,918 | -€16,219 | -€48,137 | |
| Operating profit (loss) | 9901 | €6,651 | -€28,166 | -€34,816 | |
| Financial income | 75/76B | €1 | €315 | +€314 | +40,223% |
| Recurring financial income | 75 | €1 | €315 | +€314 | +40,223% |
| Financial charges | 65/66B | €3,581 | €1,490 | -€2,091 | -58.4% |
| Recurring financial charges | 65 | €3,581 | €1,490 | -€2,091 | -58.4% |
| Profit (loss) for the period before taxes | 9903 | €3,071 | -€29,341 | -€32,412 | |
| Income taxes | 67/77 | €1,000 | - | -€1,000 | |
| Profit (loss) for the period | 9904 | €2,071 | -€29,341 | -€31,412 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,071 | -€29,341 | -€31,412 |
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 13 October 2026 via checked.be.