JOE SIX PACK: 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.
JOE SIX PACK
Largest movements
- Tangible fixed assets -€312,709
down €312,709 (-99.9%), from €313,002 to €293
of which Land and buildings: -€311,216
- Cash +€19,766
new in 2022: €19,766
mainly Investment in fixed assets (net) (+€311,216) and Depreciation (+€1,785)
- Profit (loss) carried forward -€152,855
down €152,855 (-25.4%), from -€602,825 to -€755,680
- Debts after one year -€68,245
no longer reported in 2022 (was €68,245)
- Current portion of long-term debt -€27,601
no longer reported in 2022 (was €27,601)
- Other debts -€24,454
down €24,454 (-3.4%), from €713,486 to €689,032
- Short-term financial debts -€20,532
down €20,532 (-99.9%), from €20,556 to €24
- Other operating charges +€127,317
up €127,317 (+2,653%), from €4,799 to €132,116
- Depreciation -€56,062
down €56,062 (-96.9%), from €57,847 to €1,785
- Gross operating margin -€7,726
down €7,726 (-152%), from -€5,093 to -€12,819
- Financial charges +€981
up €981 (+19.0%), from €5,155 to €6,136
- Staff costs -€303
no longer reported in 2022 (was €303)
From the 2021 result to the 2022 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.
Derived cash bridge
Derived from the 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €336,772 | €43,913 | -€292,859 | -87.0% |
| Fixed assets | 21/28 | €315,434 | €2,433 | -€313,002 | -99.2% |
| Intangible fixed assets | 21 | €293 | - | -€293 | |
| Tangible fixed assets | 22/27 | €313,002 | €293 | -€312,709 | -99.9% |
| Land and buildings | 22 | €311,216 | - | -€311,216 | |
| Plant, machinery and equipment | 23 | €1,785 | €293 | -€1,493 | -83.6% |
| Financial fixed assets | 28 | €2,140 | €2,140 | = | 0.0% |
| Current assets | 29/58 | €21,338 | €41,480 | +€20,142 | +94.4% |
| Amounts receivable within one year | 40/41 | €21,337 | €21,714 | +€376 | +1.8% |
| Trade receivables | 40 | €16,846 | €16,846 | = | 0.0% |
| Other amounts receivable | 41 | €4,491 | €4,867 | +€376 | +8.4% |
| Current investments | 50/53 | €1 | - | -€1 | |
| Cash at bank and in hand | 54/58 | - | €19,766 | +€19,766 | |
| Total equity and liabilities | 10/49 | €336,772 | €43,913 | -€292,859 | -87.0% |
| Equity | 10/15 | -€586,425 | -€739,280 | -€152,855 | -26.1% |
| Contributions | 10/11 | €16,400 | €16,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€602,825 | -€755,680 | -€152,855 | -25.4% |
| Amounts payable | 17/49 | €923,197 | €783,193 | -€140,004 | -15.2% |
| Amounts payable after more than one year | 17 | €68,245 | - | -€68,245 | |
| Financial debts | 170/4 | €68,245 | - | -€68,245 | |
| Amounts payable within one year | 42/48 | €854,952 | €783,193 | -€71,760 | -8.4% |
| Current portion of amounts payable after more than one year | 42 | €27,601 | - | -€27,601 | |
| Financial debts | 43 | €20,556 | €24 | -€20,532 | -99.9% |
| Credit institutions | 430/8 | €20,556 | €24 | -€20,532 | -99.9% |
| Trade debts | 44 | €93,310 | €94,137 | +€828 | +0.9% |
| Suppliers | 440/4 | €93,310 | €94,137 | +€828 | +0.9% |
| Other amounts payable | 47/48 | €713,486 | €689,032 | -€24,454 | -3.4% |
| Remuneration, social security and pensions | 62 | €303 | - | -€303 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,847 | €1,785 | -€56,062 | -96.9% |
| Other operating charges | 640/8 | €4,799 | €132,116 | +€127,317 | +2,653% |
| Gross operating margin | 9900 | -€5,093 | -€12,819 | -€7,726 | -152% |
| Operating profit (loss) | 9901 | -€68,042 | -€146,719 | -€78,677 | -116% |
| Financial income | 75/76B | €265 | - | -€265 | |
| Recurring financial income | 75 | €265 | - | -€265 | |
| Financial charges | 65/66B | €5,155 | €6,136 | +€981 | +19.0% |
| Recurring financial charges | 65 | €5,155 | €6,136 | +€981 | +19.0% |
| Profit (loss) for the period before taxes | 9903 | -€72,932 | -€152,855 | -€79,923 | -110% |
| Profit (loss) for the period | 9904 | -€72,932 | -€152,855 | -€79,923 | -110% |
| Profit (loss) for the period to be appropriated | 9905 | -€72,932 | -€152,855 | -€79,923 | -110% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.