JOANNA: 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.
JOANNA
Largest movements
- Cash -€4,472
down €4,472 (-16.5%), from €27,135 to €22,663
mainly Stocks and contracts (-€2,881) and Net result for the year (-€1,572)
- Stocks and contracts +€2,881
up €2,881 (+33.5%), from €8,600 to €11,481
- Receivables within one year -€2,397
down €2,397 (-100%), from €2,397 to €0
of which Trade receivables: -€2,397
- Profit (loss) carried forward -€1,572
down €1,572 (-7.5%), from €20,861 to €19,289
- Trade debts -€1,254
down €1,254 (-60.1%), from €2,087 to €833
- Tax, wage and social debts -€1,162
down €1,162 (-21.2%), from €5,469 to €4,307
of which Remuneration and social security: -€658
- Other operating charges -€7,947
down €7,947 (-85.5%), from €9,300 to €1,353
- Gross operating margin -€7,467
down €7,467 (-28.9%), from €25,848 to €18,381
- Staff costs +€3,969
up €3,969 (+29.5%), from €13,472 to €17,442
- Taxes -€1,127
down €1,127 (-66.6%), from €1,693 to €566
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 | €38,133 | €34,144 | -€3,988 | -10.5% |
| Current assets | 29/58 | €38,133 | €34,144 | -€3,988 | -10.5% |
| Stocks and contracts in progress | 3 | €8,600 | €11,481 | +€2,881 | +33.5% |
| Stocks | 30/36 | €8,600 | €11,481 | +€2,881 | +33.5% |
| Amounts receivable within one year | 40/41 | €2,397 | €0 | -€2,397 | -100% |
| Trade receivables | 40 | €2,397 | €0 | -€2,397 | -100% |
| Other amounts receivable | 41 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €27,135 | €22,663 | -€4,472 | -16.5% |
| Total equity and liabilities | 10/49 | €38,133 | €34,144 | -€3,988 | -10.5% |
| Equity | 10/15 | €30,576 | €29,004 | -€1,572 | -5.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €3,516 | €3,516 | = | 0.0% |
| Non-distributable reserves | 130/1 | €614 | €614 | = | 0.0% |
| Reserves not available under the articles | 1311 | €614 | €614 | = | 0.0% |
| Distributable reserves | 133 | €2,902 | €2,902 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,861 | €19,289 | -€1,572 | -7.5% |
| Amounts payable | 17/49 | €7,556 | €5,140 | -€2,416 | -32.0% |
| Amounts payable within one year | 42/48 | €7,556 | €5,140 | -€2,416 | -32.0% |
| Trade debts | 44 | €2,087 | €833 | -€1,254 | -60.1% |
| Suppliers | 440/4 | €2,087 | €833 | -€1,254 | -60.1% |
| Taxes, remuneration and social security | 45 | €5,469 | €4,307 | -€1,162 | -21.2% |
| Taxes | 450/3 | €3,610 | €3,106 | -€505 | -14.0% |
| Remuneration and social security | 454/9 | €1,859 | €1,202 | -€658 | -35.4% |
| Remuneration, social security and pensions | 62 | €13,472 | €17,442 | +€3,969 | +29.5% |
| Other operating charges | 640/8 | €9,300 | €1,353 | -€7,947 | -85.5% |
| Gross operating margin | 9900 | €25,848 | €18,381 | -€7,467 | -28.9% |
| Operating profit (loss) | 9901 | €3,075 | -€414 | -€3,489 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €353 | €592 | +€239 | +67.7% |
| Recurring financial charges | 65 | €353 | €592 | +€239 | +67.7% |
| Profit (loss) for the period before taxes | 9903 | €2,723 | -€1,006 | -€3,729 | |
| Income taxes | 67/77 | €1,693 | €566 | -€1,127 | -66.6% |
| Profit (loss) for the period | 9904 | €1,030 | -€1,572 | -€2,602 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,030 | -€1,572 | -€2,602 |
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 15 October 2026 via checked.be.