Joe Service: what changed
Joe Service
Largest movements
- Receivables within one year +€11,095
up €11,095 (+22.1%), from €50,122 to €61,217
of which Other amounts receivable: +€10,940
- Cash -€3,143
down €3,143 (-15.9%), from €19,766 to €16,623
mainly Receivables within one year (-€11,095) and Tax, wage and social debts (-€4,956)
- Tangible fixed assets -€2,735
down €2,735 (-33.5%), from €8,167 to €5,432
- Reserves +€13,720
up €13,720 (+30.7%), from €44,644 to €58,364
- Tax, wage and social debts -€4,956
down €4,956 (-91.5%), from €5,416 to €460
of which Taxes: -€4,474
- Trade debts -€3,715
down €3,715 (-14.8%), from €25,172 to €21,457
- Gross operating margin -€6,025
down €6,025 (-18.8%), from €31,992 to €25,968
- Depreciation -€4,279
down €4,279 (-61.0%), from €7,014 to €2,735
- Staff costs +€3,249
up €3,249 (+227%), from €1,431 to €4,680
- Taxes -€998
down €998 (-20.1%), from €4,960 to €3,962
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €78,233 | €83,281 | +€5,048 | +6.5% |
| Fixed assets | 21/28 | €8,167 | €5,432 | -€2,735 | -33.5% |
| Tangible fixed assets | 22/27 | €8,167 | €5,432 | -€2,735 | -33.5% |
| Furniture and vehicles | 24 | €8,167 | €5,432 | -€2,735 | -33.5% |
| Current assets | 29/58 | €70,066 | €77,850 | +€7,784 | +11.1% |
| Amounts receivable within one year | 40/41 | €50,122 | €61,217 | +€11,095 | +22.1% |
| Trade receivables | 40 | €41,779 | €41,934 | +€155 | +0.4% |
| Other amounts receivable | 41 | €8,344 | €19,283 | +€10,940 | +131% |
| Cash at bank and in hand | 54/58 | €19,766 | €16,623 | -€3,143 | -15.9% |
| Deferred charges and accrued income | 490/1 | €178 | €10 | -€168 | -94.7% |
| Total equity and liabilities | 10/49 | €78,233 | €83,281 | +€5,048 | +6.5% |
| Equity | 10/15 | €47,644 | €61,364 | +€13,720 | +28.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €44,644 | €58,364 | +€13,720 | +30.7% |
| Distributable reserves | 133 | €44,644 | €58,364 | +€13,720 | +30.7% |
| Amounts payable | 17/49 | €30,589 | €21,917 | -€8,672 | -28.3% |
| Amounts payable within one year | 42/48 | €30,589 | €21,917 | -€8,672 | -28.3% |
| Trade debts | 44 | €25,172 | €21,457 | -€3,715 | -14.8% |
| Suppliers | 440/4 | €25,172 | €21,457 | -€3,715 | -14.8% |
| Taxes, remuneration and social security | 45 | €5,416 | €460 | -€4,956 | -91.5% |
| Taxes | 450/3 | €4,934 | €460 | -€4,474 | -90.7% |
| Remuneration and social security | 454/9 | €482 | - | -€482 | |
| Remuneration, social security and pensions | 62 | €1,431 | €4,680 | +€3,249 | +227% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,014 | €2,735 | -€4,279 | -61.0% |
| Other operating charges | 640/8 | €597 | €730 | +€133 | +22.3% |
| Gross operating margin | 9900 | €31,992 | €25,968 | -€6,025 | -18.8% |
| Operating profit (loss) | 9901 | €22,950 | €17,822 | -€5,128 | -22.3% |
| Financial income | 75/76B | €446 | €509 | +€63 | +14.2% |
| Recurring financial income | 75 | €446 | €509 | +€63 | +14.2% |
| Financial charges | 65/66B | €805 | €649 | -€156 | -19.4% |
| Recurring financial charges | 65 | €805 | €649 | -€156 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | €22,590 | €17,682 | -€4,909 | -21.7% |
| Income taxes | 67/77 | €4,960 | €3,962 | -€998 | -20.1% |
| Profit (loss) for the period | 9904 | €17,630 | €13,720 | -€3,911 | -22.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,630 | €13,720 | -€3,911 | -22.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.