JOANE: what changed
Two fiscal 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.
JOANE
Largest movements
- Cash +€86,523
up €86,523 (+92.8%), from €93,206 to €179,729
mainly Net result for the year (+€107,293) and Receivables within one year (+€1,799)
- Deferred charges and accrued income +€5,964
up €5,964 (+5.4%), from €110,883 to €116,847
- Profit (loss) carried forward +€107,293
up €107,293 (+70.2%), from €152,881 to €260,174
- Tax, wage and social debts -€9,185
down €9,185 (-20.4%), from €44,982 to €35,797
- Trade debts -€5,761
down €5,761 (-87.2%), from €6,606 to €845
- Gross operating margin -€60,439
down €60,439 (-30.2%), from €200,430 to €139,991
- Taxes -€14,504
down €14,504 (-32.2%), from €44,982 to €30,478
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 | €207,754 | €299,524 | +€91,770 | +44.2% |
| Fixed assets | 21/28 | €1,866 | €2,948 | +€1,082 | +58.0% |
| Tangible fixed assets | 22/27 | €1,806 | €2,888 | +€1,082 | +60.0% |
| Plant, machinery and equipment | 23 | €1,806 | €1,361 | -€445 | -24.6% |
| Furniture and vehicles | 24 | - | €1,527 | +€1,527 | |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €205,888 | €296,576 | +€90,688 | +44.0% |
| Amounts receivable within one year | 40/41 | €1,799 | €0 | -€1,799 | -100.0% |
| Trade receivables | 40 | €1,799 | €0 | -€1,799 | -100.0% |
| Cash at bank and in hand | 54/58 | €93,206 | €179,729 | +€86,523 | +92.8% |
| Deferred charges and accrued income | 490/1 | €110,883 | €116,847 | +€5,964 | +5.4% |
| Total equity and liabilities | 10/49 | €207,754 | €299,524 | +€91,770 | +44.2% |
| Equity | 10/15 | €153,881 | €261,174 | +€107,293 | +69.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €152,881 | €260,174 | +€107,293 | +70.2% |
| Amounts payable | 17/49 | €53,873 | €38,350 | -€15,523 | -28.8% |
| Amounts payable within one year | 42/48 | €53,873 | €38,350 | -€15,523 | -28.8% |
| Trade debts | 44 | €6,606 | €845 | -€5,761 | -87.2% |
| Suppliers | 440/4 | €6,606 | €845 | -€5,761 | -87.2% |
| Taxes, remuneration and social security | 45 | €44,982 | €35,797 | -€9,185 | -20.4% |
| Taxes | 450/3 | €44,982 | €35,797 | -€9,185 | -20.4% |
| Other amounts payable | 47/48 | €2,284 | €1,708 | -€576 | -25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €419 | €616 | +€196 | +46.7% |
| Other operating charges | 640/8 | €679 | €0 | -€679 | -100.0% |
| Gross operating margin | 9900 | €200,430 | €139,991 | -€60,439 | -30.2% |
| Operating profit (loss) | 9901 | €199,331 | €139,376 | -€59,956 | -30.1% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €1,470 | €1,604 | +€135 | +9.2% |
| Recurring financial charges | 65 | €1,470 | €1,604 | +€135 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | €197,863 | €137,771 | -€60,092 | -30.4% |
| Income taxes | 67/77 | €44,982 | €30,478 | -€14,504 | -32.2% |
| Profit (loss) for the period | 9904 | €152,881 | €107,293 | -€45,587 | -29.8% |
| Profit (loss) for the period to be appropriated | 9905 | €152,881 | €107,293 | -€45,587 | -29.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.