JOATICS: 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.
JOATICS
Largest movements
- Financial fixed assets +€783,725
up €783,725 (+696.2%), from €112,569 to €896,294
- Cash +€601,963
up €601,963 (+290.8%), from €207,015 to €808,978
mainly Net result for the year (+€1.1m) and Short-term financial debts (+€500,000)
- Receivables within one year +€194,540
up €194,540 (+1111.7%), from €17,500 to €212,040
of which Other amounts receivable: +€212,040
- Reserves +€982,224
up €982,224 (+358.1%), from €274,296 to €1.3m
of which Distributable reserves: +€982,224
- Short-term financial debts +€500,000
new in 2024: €500,000
- Tax, wage and social debts +€96,086
up €96,086 (+647.0%), from €14,851 to €110,937
of which Taxes: +€98,971
- Financial income +€1.1m
up €1.1m (+29674.6%), from €3,575 to €1.1m
- Taxes +€110,813
up €110,813 (+436.6%), from €25,378 to €136,191
- Gross operating margin +€46,558
up €46,558 (+39.4%), from €118,269 to €164,827
- Financial charges +€2,014
up €2,014 (+48.6%), from €4,145 to €6,159
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €788,154 | €2,351,335 | +€1.6m | +198.3% |
| Fixed assets | 21/28 | €563,639 | €1,324,860 | +€761,221 | +135.1% |
| Tangible fixed assets | 22/27 | €451,070 | €428,566 | -€22,504 | -5.0% |
| Land and buildings | 22 | €441,431 | €428,566 | -€12,865 | -2.9% |
| Furniture and vehicles | 24 | €9,639 | - | -€9,639 | |
| Financial fixed assets | 28 | €112,569 | €896,294 | +€783,725 | +696.2% |
| Current assets | 29/58 | €224,515 | €1,026,475 | +€801,960 | +357.2% |
| Amounts receivable within one year | 40/41 | €17,500 | €212,040 | +€194,540 | +1111.7% |
| Trade receivables | 40 | €17,500 | - | -€17,500 | |
| Other amounts receivable | 41 | - | €212,040 | +€212,040 | |
| Cash at bank and in hand | 54/58 | €207,015 | €808,978 | +€601,963 | +290.8% |
| Deferred charges and accrued income | 490/1 | - | €5,457 | +€5,457 | |
| Total equity and liabilities | 10/49 | €788,154 | €2,351,335 | +€1.6m | +198.3% |
| Equity | 10/15 | €525,520 | €1,507,744 | +€982,224 | +186.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €274,296 | €1,256,520 | +€982,224 | +358.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €272,436 | €1,254,660 | +€982,224 | +360.5% |
| Profit (loss) carried forward | 14 | €245,024 | €245,024 | = | 0.0% |
| Amounts payable | 17/49 | €262,634 | €843,591 | +€580,957 | +221.2% |
| Amounts payable after more than one year | 17 | €209,063 | €186,125 | -€22,938 | -11.0% |
| Financial debts | 170/4 | €209,063 | €186,125 | -€22,938 | -11.0% |
| Amounts payable within one year | 42/48 | €53,571 | €657,466 | +€603,895 | +1127.3% |
| Current portion of amounts payable after more than one year | 42 | €22,579 | €22,938 | +€359 | +1.6% |
| Financial debts | 43 | - | €500,000 | +€500,000 | |
| Credit institutions | 430/8 | - | €500,000 | +€500,000 | |
| Trade debts | 44 | €1,825 | €8,977 | +€7,152 | +391.9% |
| Suppliers | 440/4 | €1,825 | €8,977 | +€7,152 | +391.9% |
| Taxes, remuneration and social security | 45 | €14,851 | €110,937 | +€96,086 | +647.0% |
| Taxes | 450/3 | €9,079 | €108,050 | +€98,971 | +1090.1% |
| Remuneration and social security | 454/9 | €5,772 | €2,887 | -€2,885 | -50.0% |
| Other amounts payable | 47/48 | €14,316 | €14,614 | +€298 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,488 | €22,504 | -€984 | -4.2% |
| Other operating charges | 640/8 | €2,383 | €1,863 | -€520 | -21.8% |
| Gross operating margin | 9900 | €118,269 | €164,827 | +€46,558 | +39.4% |
| Operating profit (loss) | 9901 | €92,398 | €140,460 | +€48,062 | +52.0% |
| Financial income | 75/76B | €3,575 | €1,064,443 | +€1.1m | +29674.6% |
| Recurring financial income | 75 | €3,575 | €1,064,443 | +€1.1m | +29674.6% |
| Financial charges | 65/66B | €4,145 | €6,159 | +€2,014 | +48.6% |
| Recurring financial charges | 65 | €4,145 | €6,159 | +€2,014 | +48.6% |
| Profit (loss) for the period before taxes | 9903 | €91,828 | €1,198,744 | +€1.1m | +1205.4% |
| Income taxes | 67/77 | €25,378 | €136,191 | +€110,813 | +436.6% |
| Profit (loss) for the period | 9904 | €66,450 | €1,062,553 | +€996,103 | +1499.0% |
| Profit (loss) for the period to be appropriated | 9905 | €66,450 | €1,062,553 | +€996,103 | +1499.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.