Joan Invest: 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.
Joan Invest
Largest movements
- Tangible fixed assets -€7,650
down €7,650 (-4.6%), from €166,606 to €158,956
- Cash -€5,459
down €5,459 (-78.6%), from €6,950 to €1,490
mainly Debts after one year (-€18,348) and Net result for the year (-€17,797)
- Other debts +€22,613
up €22,613 (+6.5%), from €349,675 to €372,288
- Debts after one year -€18,348
down €18,348 (-10.2%), from €180,188 to €161,840
of which Financial debts: -€18,348
- Profit (loss) carried forward -€17,797
down €17,797 (-45.4%), from -€39,202 to -€57,000
- Gross operating margin +€1,720
up €1,720 (+203%), from €846 to €2,566
- Other operating charges +€678
up €678 (+60.9%), from €1,114 to €1,792
- Financial charges -€393
down €393 (-4.2%), from €9,431 to €9,037
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 | €533,187 | €523,286 | -€9,901 | -1.9% |
| Fixed assets | 21/28 | €525,606 | €517,956 | -€7,650 | -1.5% |
| Tangible fixed assets | 22/27 | €166,606 | €158,956 | -€7,650 | -4.6% |
| Land and buildings | 22 | €166,606 | €158,956 | -€7,650 | -4.6% |
| Financial fixed assets | 28 | €359,000 | €359,000 | = | 0.0% |
| Current assets | 29/58 | €7,581 | €5,330 | -€2,251 | -29.7% |
| Cash at bank and in hand | 54/58 | €6,950 | €1,490 | -€5,459 | -78.6% |
| Deferred charges and accrued income | 490/1 | €631 | €3,840 | +€3,209 | +509% |
| Total equity and liabilities | 10/49 | €533,187 | €523,286 | -€9,901 | -1.9% |
| Equity | 10/15 | -€14,202 | -€32,000 | -€17,797 | -125% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,202 | -€57,000 | -€17,797 | -45.4% |
| Amounts payable | 17/49 | €547,389 | €555,286 | +€7,897 | +1.4% |
| Amounts payable after more than one year | 17 | €180,188 | €161,840 | -€18,348 | -10.2% |
| Financial debts | 170/4 | €177,558 | €159,210 | -€18,348 | -10.3% |
| Other amounts payable | 178/9 | €2,630 | €2,630 | = | 0.0% |
| Amounts payable within one year | 42/48 | €367,201 | €393,446 | +€26,245 | +7.1% |
| Current portion of amounts payable after more than one year | 42 | €17,526 | €18,348 | +€822 | +4.7% |
| Trade debts | 44 | €0 | €2,810 | +€2,810 | |
| Suppliers | 440/4 | €0 | €2,810 | +€2,810 | |
| Other amounts payable | 47/48 | €349,675 | €372,288 | +€22,613 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,650 | €7,650 | = | 0.0% |
| Other operating charges | 640/8 | €1,114 | €1,792 | +€678 | +60.9% |
| Non-recurring operating charges | 66A | - | €1,884 | +€1,884 | |
| Gross operating margin | 9900 | €846 | €2,566 | +€1,720 | +203% |
| Operating profit (loss) | 9901 | -€7,918 | -€8,760 | -€842 | -10.6% |
| Financial charges | 65/66B | €9,431 | €9,037 | -€393 | -4.2% |
| Recurring financial charges | 65 | €9,431 | €9,037 | -€393 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | -€17,349 | -€17,797 | -€448 | -2.6% |
| Profit (loss) for the period | 9904 | -€17,349 | -€17,797 | -€448 | -2.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,349 | -€17,797 | -€448 | -2.6% |
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 24 October 2026 via checked.be.