JoDeSi: 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.
JoDeSi
Largest movements
- Receivables within one year -€65,426
down €65,426 (-65.4%), from €100,104 to €34,678
of which Trade receivables: -€65,410
- Cash -€51,188
down €51,188 (-36.5%), from €140,115 to €88,927
mainly Tax, wage and social debts (-€51,239) and Net result for the year (-€37,369)
- Financial fixed assets -€25,000
down €25,000 (-83.3%), from €30,030 to €5,030
- Tangible fixed assets -€16,971
down €16,971 (-19.9%), from €85,356 to €68,384
of which Furniture and vehicles: -€10,131
- Deferred charges and accrued income +€12,011
up €12,011 (+43.4%), from €27,665 to €39,676
- Tax, wage and social debts -€51,239
down €51,239 (-50.1%), from €102,343 to €51,105
of which Remuneration and social security: -€38,087
- Profit (loss) carried forward -€37,369
down €37,369 (-39.6%), from -€94,332 to -€131,700
- Debts after one year -€33,333
down €33,333 (-86.3%), from €38,639 to €5,305
- Accrued charges and deferred income -€19,085
down €19,085 (-49.2%), from €38,781 to €19,696
- Current portion of long-term debt -€5,804
down €5,804 (-14.8%), from €39,137 to €33,333
- Gross operating margin -€195,048
down €195,048 (-18.9%), from €1.0m to €838,082
- Staff costs -€161,396
down €161,396 (-16.4%), from €986,389 to €824,993
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 | €416,011 | €267,418 | -€148,593 | -35.7% |
| Fixed assets | 21/28 | €115,386 | €73,414 | -€41,971 | -36.4% |
| Tangible fixed assets | 22/27 | €85,356 | €68,384 | -€16,971 | -19.9% |
| Land and buildings | 22 | €20,906 | €18,255 | -€2,651 | -12.7% |
| Plant, machinery and equipment | 23 | €26,595 | €22,406 | -€4,189 | -15.8% |
| Furniture and vehicles | 24 | €37,855 | €27,724 | -€10,131 | -26.8% |
| Financial fixed assets | 28 | €30,030 | €5,030 | -€25,000 | -83.3% |
| Current assets | 29/58 | €300,625 | €194,004 | -€106,622 | -35.5% |
| Stocks and contracts in progress | 3 | €32,741 | €30,722 | -€2,019 | -6.2% |
| Stocks | 30/36 | €32,741 | €30,722 | -€2,019 | -6.2% |
| Amounts receivable within one year | 40/41 | €100,104 | €34,678 | -€65,426 | -65.4% |
| Trade receivables | 40 | €89,962 | €24,552 | -€65,410 | -72.7% |
| Other amounts receivable | 41 | €10,142 | €10,126 | -€16 | -0.2% |
| Cash at bank and in hand | 54/58 | €140,115 | €88,927 | -€51,188 | -36.5% |
| Deferred charges and accrued income | 490/1 | €27,665 | €39,676 | +€12,011 | +43.4% |
| Total equity and liabilities | 10/49 | €416,011 | €267,418 | -€148,593 | -35.7% |
| Equity | 10/15 | -€73,880 | -€111,249 | -€37,369 | -50.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€94,332 | -€131,700 | -€37,369 | -39.6% |
| Amounts payable | 17/49 | €489,892 | €378,667 | -€111,224 | -22.7% |
| Amounts payable after more than one year | 17 | €38,639 | €5,305 | -€33,333 | -86.3% |
| Financial debts | 170/4 | €38,639 | €5,305 | -€33,333 | -86.3% |
| Amounts payable within one year | 42/48 | €412,472 | €353,666 | -€58,806 | -14.3% |
| Current portion of amounts payable after more than one year | 42 | €39,137 | €33,333 | -€5,804 | -14.8% |
| Trade debts | 44 | €229,938 | €231,116 | +€1,179 | +0.5% |
| Suppliers | 440/4 | €229,938 | €231,116 | +€1,179 | +0.5% |
| Advances received on contracts in progress | 46 | €30,794 | €27,390 | -€3,404 | -11.1% |
| Taxes, remuneration and social security | 45 | €102,343 | €51,105 | -€51,239 | -50.1% |
| Taxes | 450/3 | €19,905 | €6,754 | -€13,152 | -66.1% |
| Remuneration and social security | 454/9 | €82,438 | €44,351 | -€38,087 | -46.2% |
| Other amounts payable | 47/48 | €10,261 | €10,722 | +€462 | +4.5% |
| Accrued charges and deferred income | 492/3 | €38,781 | €19,696 | -€19,085 | -49.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €986,389 | €824,993 | -€161,396 | -16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,280 | €23,922 | +€5,642 | +30.9% |
| Other operating charges | 640/8 | €5,887 | €7,429 | +€1,542 | +26.2% |
| Gross operating margin | 9900 | €1,033,130 | €838,082 | -€195,048 | -18.9% |
| Operating profit (loss) | 9901 | €22,574 | -€18,262 | -€40,836 | |
| Financial income | 75/76B | €1,565 | €2,976 | +€1,411 | +90.2% |
| Recurring financial income | 75 | €1,565 | €2,976 | +€1,411 | +90.2% |
| Financial charges | 65/66B | €23,751 | €21,818 | -€1,932 | -8.1% |
| Recurring financial charges | 65 | €23,751 | €21,818 | -€1,932 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €388 | -€37,105 | -€37,493 | |
| Income taxes | 67/77 | €343 | €264 | -€79 | -23.0% |
| Profit (loss) for the period | 9904 | €45 | -€37,369 | -€37,414 | |
| Profit (loss) for the period to be appropriated | 9905 | €45 | -€37,369 | -€37,414 |
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 4 October 2026 via checked.be.