JOALKOBA: 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.
What changed
JOALKOBA
NACE 96.301, Funeral services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€41,566
2024 · -€48,588+€7,021
Equity
-€10,983
2024 · €30,583-€41,566
Cash
€68,268
2024 · €86,534-€18,266
Balance sheet total
€3.3m
2024 · €3.7m-€346,347
Largest movements
Assets
- Tangible fixed assets -€347,790
down €347,790 (-10.5%), from €3.3m to €3.0m
Equity and liabilities
- Debts after one year -€326,988
down €326,988 (-21.2%), from €1.5m to €1.2m
of which Other amounts payable: -€220,000
Income statement
- Taxes -€27,560
no longer reported in 2025 (was €27,560)
- Depreciation -€19,088
down €19,088 (-10.1%), from €188,356 to €169,269
- Other operating charges +€13,851
up €13,851 (+71.5%), from €19,363 to €33,213
- Gross operating margin -€11,083
down €11,083 (-3.5%), from €312,448 to €301,365
- Financial charges +€10,612
up €10,612 (+6.7%), from €157,570 to €168,182
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.
Result 2024
-€48,588
Gross operating margin
-€11,083
Depreciation
+€19,088
Other operating charges
-€13,851
Financial income
-€4,081
Financial charges
-€10,612
Taxes
+€27,560
Result 2025
-€41,566
raises the resultlowers the result
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.
From operations
+€129,169
Investment
+€178,522
Financing
-€325,957
Cash 2024
€86,534
From operations (derived)
+€129,169
Net result for the year
-€41,566
Depreciation
+€169,269
Smaller working-capital items
+€1,186
Deferred charges and accrued income
-€20,049
Provisions
+€3,405
Other debts
+€16,926
Investment (derived)
+€178,522
Investment in fixed assets (net)
+€178,522
Financing
-€325,957
Debts after one year
-€326,988
Current portion of long-term debt
+€1,030
Cash 2025
€68,268
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,687,039 | €3,340,692 | -€346,347 | -9.4% |
| Fixed assets | 21/28 | €3,298,594 | €2,950,804 | -€347,790 | -10.5% |
| Tangible fixed assets | 22/27 | €3,298,594 | €2,950,804 | -€347,790 | -10.5% |
| Land and buildings | 22 | €3,298,594 | €2,950,804 | -€347,790 | -10.5% |
| Current assets | 29/58 | €388,445 | €389,889 | +€1,444 | +0.4% |
| Amounts receivable after more than one year | 29 | €255,000 | €255,000 | = | 0.0% |
| Other amounts receivable | 291 | €255,000 | €255,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €21,256 | €20,917 | -€339 | -1.6% |
| Trade receivables | 40 | €21,073 | €20,917 | -€155 | -0.7% |
| Other amounts receivable | 41 | €183 | - | -€183 | |
| Cash at bank and in hand | 54/58 | €86,534 | €68,268 | -€18,266 | -21.1% |
| Deferred charges and accrued income | 490/1 | €25,655 | €45,704 | +€20,049 | +78.1% |
| Total equity and liabilities | 10/49 | €3,687,039 | €3,340,692 | -€346,347 | -9.4% |
| Equity | 10/15 | €30,583 | -€10,983 | -€41,566 | |
| Contributions | 10/11 | €72,606 | €72,606 | = | 0.0% |
| Revaluation surpluses | 12 | €885,670 | €885,670 | = | 0.0% |
| Reserves | 13 | €471,984 | €448,804 | -€23,180 | -4.9% |
| Tax-exempt reserves | 132 | €398,915 | €375,735 | -€23,180 | -5.8% |
| Distributable reserves | 133 | €73,069 | €73,069 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,399,677 | -€1,418,063 | -€18,386 | -1.3% |
| Provisions and deferred taxes | 16 | €1,972,512 | €1,975,917 | +€3,405 | +0.2% |
| Provisions for liabilities and charges | 160/5 | €1,839,540 | €1,850,672 | +€11,132 | +0.6% |
| Other liabilities and charges | 164/5 | €1,839,540 | €1,850,672 | +€11,132 | +0.6% |
| Deferred taxes | 168 | €132,972 | €125,245 | -€7,727 | -5.8% |
| Amounts payable | 17/49 | €1,683,944 | €1,375,759 | -€308,185 | -18.3% |
| Amounts payable after more than one year | 17 | €1,538,831 | €1,211,843 | -€326,988 | -21.2% |
| Financial debts | 170/4 | €423,721 | €316,733 | -€106,988 | -25.2% |
| Other amounts payable | 178/9 | €1,115,110 | €895,110 | -€220,000 | -19.7% |
| Amounts payable within one year | 42/48 | €145,113 | €163,916 | +€18,803 | +13.0% |
| Current portion of amounts payable after more than one year | 42 | €105,608 | €106,639 | +€1,030 | +1.0% |
| Trade debts | 44 | €33,344 | €34,065 | +€721 | +2.2% |
| Suppliers | 440/4 | €33,344 | €34,065 | +€721 | +2.2% |
| Taxes, remuneration and social security | 45 | - | €125 | +€125 | |
| Taxes | 450/3 | - | €125 | +€125 | |
| Other amounts payable | 47/48 | €6,160 | €23,086 | +€16,926 | +275% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €188,356 | €169,269 | -€19,088 | -10.1% |
| Other operating charges | 640/8 | €19,363 | €33,213 | +€13,851 | +71.5% |
| Gross operating margin | 9900 | €312,448 | €301,365 | -€11,083 | -3.5% |
| Operating profit (loss) | 9901 | €104,729 | €98,883 | -€5,846 | -5.6% |
| Financial income | 75/76B | €24,086 | €20,005 | -€4,081 | -16.9% |
| Recurring financial income | 75 | €24,086 | €20,005 | -€4,081 | -16.9% |
| Financial charges | 65/66B | €157,570 | €168,182 | +€10,612 | +6.7% |
| Recurring financial charges | 65 | €157,570 | €168,182 | +€10,612 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | -€28,755 | -€49,293 | -€20,539 | -71.4% |
| Transfer from deferred taxes | 780 | €7,727 | €7,727 | = | 0.0% |
| Income taxes | 67/77 | €27,560 | - | -€27,560 | |
| Profit (loss) for the period | 9904 | -€48,588 | -€41,566 | +€7,021 | +14.5% |
| Transfer from tax-exempt reserves | 789 | €23,180 | €23,180 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,407 | -€18,386 | +€7,021 | +27.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.