JOATT: 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.
JOATT
Largest movements
- Cash -€17,969
down €17,969 (-69.7%), from €25,792 to €7,823
mainly Investment in fixed assets (net) (-€9,680) and Other debts (-€8,377)
- Tangible fixed assets +€4,934
up €4,934 (+66.6%), from €7,408 to €12,342
of which Leasing and similar rights: +€7,956
- Receivables within one year +€974
up €974 (+37.3%), from €2,615 to €3,589
of which Trade receivables: +€974
- Deferred charges and accrued income +€431
up €431 (+142.0%), from €304 to €735
- Other debts -€8,377
down €8,377 (-11.3%), from €73,984 to €65,607
- Profit (loss) carried forward -€2,919
down €2,919 (-4.1%), from -€70,781 to -€73,700
- Gross operating margin +€14,606
up €14,606, from -€7,804 to €6,802
- Financial charges +€1,364
up €1,364 (+109.5%), from €1,245 to €2,610
- Other operating charges +€694
up €694 (+48.1%), from €1,441 to €2,135
- Depreciation +€314
up €314 (+7.1%), from €4,432 to €4,746
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 | €36,119 | €24,490 | -€11,629 | -32.2% |
| Fixed assets | 21/28 | €7,408 | €12,342 | +€4,934 | +66.6% |
| Tangible fixed assets | 22/27 | €7,408 | €12,342 | +€4,934 | +66.6% |
| Land and buildings | 22 | €1,221 | €916 | -€305 | -25.0% |
| Plant, machinery and equipment | 23 | €2,866 | €1,597 | -€1,268 | -44.3% |
| Furniture and vehicles | 24 | €3,322 | €1,873 | -€1,448 | -43.6% |
| Leasing and similar rights | 25 | - | €7,956 | +€7,956 | |
| Current assets | 29/58 | €28,710 | €12,147 | -€16,563 | -57.7% |
| Amounts receivable within one year | 40/41 | €2,615 | €3,589 | +€974 | +37.3% |
| Trade receivables | 40 | €2,420 | €3,394 | +€974 | +40.3% |
| Other amounts receivable | 41 | €195 | €195 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €25,792 | €7,823 | -€17,969 | -69.7% |
| Deferred charges and accrued income | 490/1 | €304 | €735 | +€431 | +142.0% |
| Total equity and liabilities | 10/49 | €36,119 | €24,490 | -€11,629 | -32.2% |
| Equity | 10/15 | -€52,221 | -€55,140 | -€2,919 | -5.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €10 | €10 | = | 0.0% |
| Distributable reserves | 133 | €10 | €10 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,781 | -€73,700 | -€2,919 | -4.1% |
| Amounts payable | 17/49 | €88,340 | €79,630 | -€8,710 | -9.9% |
| Amounts payable within one year | 42/48 | €88,340 | €79,630 | -€8,710 | -9.9% |
| Trade debts | 44 | €3,386 | €3,116 | -€270 | -8.0% |
| Suppliers | 440/4 | €3,386 | €3,116 | -€270 | -8.0% |
| Taxes, remuneration and social security | 45 | €10,970 | €10,907 | -€63 | -0.6% |
| Taxes | 450/3 | €6,820 | €7,457 | +€637 | +9.3% |
| Remuneration and social security | 454/9 | €4,150 | €3,450 | -€700 | -16.9% |
| Other amounts payable | 47/48 | €73,984 | €65,607 | -€8,377 | -11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,432 | €4,746 | +€314 | +7.1% |
| Other operating charges | 640/8 | €1,441 | €2,135 | +€694 | +48.1% |
| Gross operating margin | 9900 | -€7,804 | €6,802 | +€14,606 | |
| Operating profit (loss) | 9901 | -€13,677 | -€79 | +€13,598 | +99.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,245 | €2,610 | +€1,364 | +109.5% |
| Recurring financial charges | 65 | €1,245 | €2,610 | +€1,364 | +109.5% |
| Profit (loss) for the period before taxes | 9903 | -€14,923 | -€2,689 | +€12,234 | +82.0% |
| Income taxes | 67/77 | €205 | €230 | +€25 | +12.3% |
| Profit (loss) for the period | 9904 | -€15,128 | -€2,919 | +€12,209 | +80.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,128 | -€2,919 | +€12,209 | +80.7% |
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 3 October 2026 via checked.be.