JOADI: 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.
JOADI
Largest movements
- Cash +€232,255
up €232,255 (+2249.5%), from €10,325 to €242,580
mainly Net result for the year (+€153,326) and Receivables within one year (+€40,500)
- Receivables within one year -€40,500
down €40,500 (-34.0%), from €119,150 to €78,650
- Profit (loss) carried forward +€153,326
up €153,326 (+172.9%), from €88,655 to €241,981
- Tax, wage and social debts +€38,429
up €38,429 (+101.6%), from €37,820 to €76,249
- Gross operating margin +€104,938
up €104,938 (+113.0%), from €92,889 to €197,827
- Taxes +€26,111
up €26,111 (+142.7%), from €18,300 to €44,411
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 | €129,475 | €321,230 | +€191,755 | +148.1% |
| Current assets | 29/58 | €129,475 | €321,230 | +€191,755 | +148.1% |
| Amounts receivable within one year | 40/41 | €119,150 | €78,650 | -€40,500 | -34.0% |
| Trade receivables | 40 | €119,150 | €78,650 | -€40,500 | -34.0% |
| Cash at bank and in hand | 54/58 | €10,325 | €242,580 | +€232,255 | +2249.5% |
| Total equity and liabilities | 10/49 | €129,475 | €321,230 | +€191,755 | +148.1% |
| Equity | 10/15 | €91,655 | €244,981 | +€153,326 | +167.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €88,655 | €241,981 | +€153,326 | +172.9% |
| Amounts payable | 17/49 | €37,820 | €76,249 | +€38,429 | +101.6% |
| Amounts payable within one year | 42/48 | €37,820 | €76,249 | +€38,429 | +101.6% |
| Taxes, remuneration and social security | 45 | €37,820 | €76,249 | +€38,429 | +101.6% |
| Taxes | 450/3 | €37,820 | €76,249 | +€38,429 | +101.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,137 | - | -€1,137 | |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | €92,889 | €197,827 | +€104,938 | +113.0% |
| Operating profit (loss) | 9901 | €91,365 | €197,827 | +€106,463 | +116.5% |
| Financial charges | 65/66B | €9 | €90 | +€81 | +923.9% |
| Recurring financial charges | 65 | €9 | €90 | +€81 | +923.9% |
| Profit (loss) for the period before taxes | 9903 | €91,356 | €197,737 | +€106,381 | +116.4% |
| Income taxes | 67/77 | €18,300 | €44,411 | +€26,111 | +142.7% |
| Profit (loss) for the period | 9904 | €73,056 | €153,326 | +€80,270 | +109.9% |
| Profit (loss) for the period to be appropriated | 9905 | €73,056 | €153,326 | +€80,270 | +109.9% |
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 9 October 2026 via checked.be.