JOANTI: 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
JOANTI
NACE 68.310, Real estate agency activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€147,667
2024 · €22,855+€124,811
Equity
€946,058
2024 · €798,391+€147,667
Cash
€48,403
2024 · €101,247-€52,844
Balance sheet total
€2.9m
2024 · €2.9m-€9,633
Largest movements
Assets
- Receivables after one year +€75,866
up €75,866 (+37.7%), from €201,158 to €277,024
of which Other amounts receivable: +€75,866
- Cash -€52,844
down €52,844 (-52.2%), from €101,247 to €48,403
mainly Debts after one year (-€211,667) and Investment in fixed assets (net) (-€160,824)
Equity and liabilities
- Debts after one year -€211,667
down €211,667 (-18.5%), from €1.1m to €930,787
- Reserves +€147,667
up €147,667 (+20.2%), from €730,391 to €878,058
of which Distributable reserves: +€151,223
- Trade debts -€75,843
down €75,843 (-13.7%), from €554,411 to €478,568
- Tax, wage and social debts +€74,514
up €74,514 (+163%), from €45,686 to €120,200
of which Taxes: +€74,121
- Other debts +€63,626
up €63,626 (+75.8%), from €83,922 to €147,548
Income statement
- Gross operating margin +€165,681
up €165,681 (+45.3%), from €365,517 to €531,198
- Taxes +€66,299
up €66,299 (+422%), from €15,701 to €82,000
- Other operating charges -€12,642
down €12,642 (-20.1%), from €62,833 to €50,191
- Depreciation -€11,624
down €11,624 (-5.9%), from €198,653 to €187,029
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
€22,855
Gross operating margin
+€165,681
Staff costs
-€2,625
Depreciation
+€11,624
Write-downs
-€1,523
Other operating charges
+€12,642
Other operating items
+€89
Financial income
+€122
Financial charges
+€5,101
Taxes
-€66,299
Result 2025
€147,667
raises the resultlowers the resultnot broken down further in the accounts
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
+€326,392
Investment
-€160,824
Financing
-€218,412
Cash 2024
€101,247
From operations (derived)
+€326,392
Net result for the year
+€147,667
Depreciation
+€187,029
Receivables after one year
-€75,866
Receivables within one year
+€3,117
Deferred charges and accrued income
+€3,332
Provisions
-€1,186
Trade debts
-€75,843
Tax, wage and social debts
+€74,514
Other debts
+€63,626
Investment (derived)
-€160,824
Investment in fixed assets (net)
-€160,824
Financing
-€218,412
Debts after one year
-€211,667
Current portion of long-term debt
-€6,744
Cash 2025
€48,403
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,864,964 | €2,855,331 | -€9,633 | -0.3% |
| Fixed assets | 21/28 | €2,384,648 | €2,358,444 | -€26,205 | -1.1% |
| Tangible fixed assets | 22/27 | €2,379,807 | €2,353,602 | -€26,205 | -1.1% |
| Land and buildings | 22 | €1,686,926 | €1,781,675 | +€94,749 | +5.6% |
| Plant, machinery and equipment | 23 | €655,924 | €562,111 | -€93,813 | -14.3% |
| Furniture and vehicles | 24 | €20,806 | €9,817 | -€10,990 | -52.8% |
| Leasing and similar rights | 25 | €16,151 | €0 | -€16,151 | -100.0% |
| Financial fixed assets | 28 | €4,841 | €4,841 | = | 0.0% |
| Current assets | 29/58 | €480,316 | €496,887 | +€16,572 | +3.5% |
| Amounts receivable after more than one year | 29 | €201,158 | €277,024 | +€75,866 | +37.7% |
| Trade receivables | 290 | - | €0 | = | |
| Other amounts receivable | 291 | €201,158 | €277,024 | +€75,866 | +37.7% |
| Amounts receivable within one year | 40/41 | €169,903 | €166,785 | -€3,117 | -1.8% |
| Trade receivables | 40 | €110,556 | €126,745 | +€16,190 | +14.6% |
| Other amounts receivable | 41 | €59,347 | €40,040 | -€19,307 | -32.5% |
| Cash at bank and in hand | 54/58 | €101,247 | €48,403 | -€52,844 | -52.2% |
| Deferred charges and accrued income | 490/1 | €8,008 | €4,676 | -€3,332 | -41.6% |
| Total equity and liabilities | 10/49 | €2,864,964 | €2,855,331 | -€9,633 | -0.3% |
| Equity | 10/15 | €798,391 | €946,058 | +€147,667 | +18.5% |
| Contributions | 10/11 | €68,000 | €68,000 | = | 0.0% |
| Capital | 10 | €68,000 | €68,000 | = | 0.0% |
| Issued capital | 100 | €68,000 | €68,000 | = | 0.0% |
| Reserves | 13 | €730,391 | €878,058 | +€147,667 | +20.2% |
| Non-distributable reserves | 130/1 | €6,814 | €6,814 | = | 0.0% |
| Legal reserve | 130 | €6,814 | €6,814 | = | 0.0% |
| Tax-exempt reserves | 132 | €65,061 | €61,504 | -€3,557 | -5.5% |
| Distributable reserves | 133 | €658,516 | €809,740 | +€151,223 | +23.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €21,687 | €20,502 | -€1,186 | -5.5% |
| Deferred taxes | 168 | €21,687 | €20,502 | -€1,186 | -5.5% |
| Amounts payable | 17/49 | €2,044,886 | €1,888,771 | -€156,115 | -7.6% |
| Amounts payable after more than one year | 17 | €1,142,454 | €930,787 | -€211,667 | -18.5% |
| Financial debts | 170/4 | €1,142,454 | €930,787 | -€211,667 | -18.5% |
| Amounts payable within one year | 42/48 | €902,431 | €957,984 | +€55,552 | +6.2% |
| Current portion of amounts payable after more than one year | 42 | €218,412 | €211,667 | -€6,744 | -3.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €554,411 | €478,568 | -€75,843 | -13.7% |
| Suppliers | 440/4 | €554,411 | €478,568 | -€75,843 | -13.7% |
| Taxes, remuneration and social security | 45 | €45,686 | €120,200 | +€74,514 | +163% |
| Taxes | 450/3 | €36,594 | €110,715 | +€74,121 | +203% |
| Remuneration and social security | 454/9 | €9,092 | €9,485 | +€393 | +4.3% |
| Other amounts payable | 47/48 | €83,922 | €147,548 | +€63,626 | +75.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €41,612 | €44,236 | +€2,625 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €198,653 | €187,029 | -€11,624 | -5.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,523 | +€1,523 | |
| Other operating charges | 640/8 | €62,833 | €50,191 | -€12,642 | -20.1% |
| Non-recurring operating charges | 66A | €327 | €238 | -€89 | -27.2% |
| Gross operating margin | 9900 | €365,517 | €531,198 | +€165,681 | +45.3% |
| Operating profit (loss) | 9901 | €62,092 | €247,980 | +€185,888 | +299% |
| Financial income | 75/76B | €8,332 | €8,454 | +€122 | +1.5% |
| Recurring financial income | 75 | €8,332 | €8,454 | +€122 | +1.5% |
| Financial charges | 65/66B | €33,053 | €27,952 | -€5,101 | -15.4% |
| Recurring financial charges | 65 | €33,053 | €27,952 | -€5,101 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | €37,371 | €228,481 | +€191,110 | +511% |
| Transfer from deferred taxes | 780 | €1,186 | €1,186 | = | 0.0% |
| Transfer to deferred taxes | 680 | - | €0 | = | |
| Income taxes | 67/77 | €15,701 | €82,000 | +€66,299 | +422% |
| Profit (loss) for the period | 9904 | €22,855 | €147,667 | +€124,811 | +546% |
| Transfer from tax-exempt reserves | 789 | €3,557 | €3,557 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | - | €0 | = | |
| Profit (loss) for the period to be appropriated | 9905 | €26,412 | €151,223 | +€124,811 | +473% |
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 16 October 2026 via checked.be.