JOEBA: 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.
JOEBA
Largest movements
- Current investments +€35,185
new in 2025: €35,185
- Receivables within one year +€33,999
up €33,999 (+4,351%), from €781 to €34,781
of which Other amounts receivable: +€33,304
- Cash +€29,256
up €29,256 (+52.7%), from €55,474 to €84,730
mainly Net result for the year (+€81,332) and Depreciation (+€20,927)
- Reserves +€81,332
up €81,332 (+95.8%), from €84,892 to €166,224
- Tax, wage and social debts +€19,753
up €19,753 (+58.1%), from €34,006 to €53,758
of which Taxes: +€20,281
- Other debts -€19,566
down €19,566 (-100%), from €19,566 to €0
- Trade debts +€16,715
up €16,715 (+223%), from €7,494 to €24,209
- Staff costs +€10,991
up €10,991 (+27.9%), from €39,396 to €50,387
- Taxes -€7,838
down €7,838 (-27.2%), from €28,830 to €20,992
- Depreciation +€2,756
up €2,756 (+15.2%), from €18,171 to €20,927
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.
Derived cash bridge
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 | €148,958 | €247,231 | +€98,273 | +66.0% |
| Fixed assets | 21/28 | €87,386 | €86,461 | -€925 | -1.1% |
| Intangible fixed assets | 21 | €1,275 | €975 | -€300 | -23.5% |
| Tangible fixed assets | 22/27 | €86,111 | €85,487 | -€625 | -0.7% |
| Plant, machinery and equipment | 23 | €83,698 | €66,694 | -€17,004 | -20.3% |
| Furniture and vehicles | 24 | €1,393 | €17,981 | +€16,588 | +1,191% |
| Other tangible fixed assets | 26 | €1,021 | €812 | -€209 | -20.5% |
| Current assets | 29/58 | €61,572 | €160,770 | +€99,198 | +161% |
| Stocks and contracts in progress | 3 | €2,691 | €2,466 | -€225 | -8.4% |
| Stocks | 30/36 | €2,691 | €2,466 | -€225 | -8.4% |
| Amounts receivable within one year | 40/41 | €781 | €34,781 | +€33,999 | +4,351% |
| Trade receivables | 40 | €781 | €1,477 | +€696 | +89.0% |
| Other amounts receivable | 41 | - | €33,304 | +€33,304 | |
| Current investments | 50/53 | - | €35,185 | +€35,185 | |
| Cash at bank and in hand | 54/58 | €55,474 | €84,730 | +€29,256 | +52.7% |
| Deferred charges and accrued income | 490/1 | €2,625 | €3,608 | +€983 | +37.4% |
| Total equity and liabilities | 10/49 | €148,958 | €247,231 | +€98,273 | +66.0% |
| Equity | 10/15 | €87,892 | €169,224 | +€81,332 | +92.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €84,892 | €166,224 | +€81,332 | +95.8% |
| Distributable reserves | 133 | €84,892 | €166,224 | +€81,332 | +95.8% |
| Amounts payable | 17/49 | €61,065 | €78,007 | +€16,941 | +27.7% |
| Amounts payable within one year | 42/48 | €61,065 | €77,967 | +€16,902 | +27.7% |
| Trade debts | 44 | €7,494 | €24,209 | +€16,715 | +223% |
| Suppliers | 440/4 | €7,494 | €24,209 | +€16,715 | +223% |
| Taxes, remuneration and social security | 45 | €34,006 | €53,758 | +€19,753 | +58.1% |
| Taxes | 450/3 | €31,706 | €51,987 | +€20,281 | +64.0% |
| Remuneration and social security | 454/9 | €2,299 | €1,771 | -€529 | -23.0% |
| Other amounts payable | 47/48 | €19,566 | €0 | -€19,566 | -100% |
| Accrued charges and deferred income | 492/3 | - | €39 | +€39 | |
| Remuneration, social security and pensions | 62 | €39,396 | €50,387 | +€10,991 | +27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,171 | €20,927 | +€2,756 | +15.2% |
| Other operating charges | 640/8 | - | €371 | +€371 | |
| Gross operating margin | 9900 | €171,294 | €172,704 | +€1,410 | +0.8% |
| Operating profit (loss) | 9901 | €113,728 | €101,018 | -€12,709 | -11.2% |
| Financial income | 75/76B | - | €1,389 | +€1,389 | |
| Recurring financial income | 75 | - | €1,389 | +€1,389 | |
| Financial charges | 65/66B | €5 | €84 | +€79 | +1,611% |
| Recurring financial charges | 65 | €5 | €84 | +€79 | +1,611% |
| Profit (loss) for the period before taxes | 9903 | €113,723 | €102,323 | -€11,399 | -10.0% |
| Income taxes | 67/77 | €28,830 | €20,992 | -€7,838 | -27.2% |
| Profit (loss) for the period | 9904 | €84,892 | €81,332 | -€3,561 | -4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €84,892 | €81,332 | -€3,561 | -4.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.