JOEGIN: 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.
JOEGIN
Largest movements
- Receivables within one year -€3,194
down €3,194 (-55.7%), from €5,738 to €2,544
of which Trade receivables: -€3,708
- Cash -€2,866
down €2,866 (-49.9%), from €5,742 to €2,876
mainly Accrued charges and deferred income (-€5,104) and Other debts (-€3,814)
- Deferred charges and accrued income -€820
down €820 (-98.6%), from €831 to €11
- Accrued charges and deferred income -€5,104
down €5,104 (-68.8%), from €7,420 to €2,316
- Profit (loss) carried forward +€4,782
up €4,782 (+15.2%), from -€31,490 to -€26,708
- Other debts -€3,814
down €3,814 (-30.5%), from €12,487 to €8,673
- Trade debts -€1,715
down €1,715 (-92.0%), from €1,865 to €150
- Reserves -€1,000
down €1,000 (-50.0%), from €2,000 to €1,000
of which Distributable reserves: -€1,000
- Gross operating margin -€2,174
down €2,174 (-26.2%), from €8,294 to €6,120
- Financial charges +€181
up €181 (+97.8%), from €185 to €366
- Other operating charges -€175
down €175 (-15.2%), from €1,147 to €972
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 | €12,312 | €5,431 | -€6,881 | -55.9% |
| Current assets | 29/58 | €12,312 | €5,431 | -€6,881 | -55.9% |
| Amounts receivable within one year | 40/41 | €5,738 | €2,544 | -€3,194 | -55.7% |
| Trade receivables | 40 | €5,738 | €2,030 | -€3,708 | -64.6% |
| Other amounts receivable | 41 | €0 | €514 | +€514 | |
| Cash at bank and in hand | 54/58 | €5,742 | €2,876 | -€2,866 | -49.9% |
| Deferred charges and accrued income | 490/1 | €831 | €11 | -€820 | -98.6% |
| Total equity and liabilities | 10/49 | €12,312 | €5,431 | -€6,881 | -55.9% |
| Equity | 10/15 | -€9,490 | -€5,708 | +€3,782 | +39.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €1,000 | -€1,000 | -50.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,000 | €1,000 | -€1,000 | -50.0% |
| Profit (loss) carried forward | 14 | -€31,490 | -€26,708 | +€4,782 | +15.2% |
| Amounts payable | 17/49 | €21,802 | €11,139 | -€10,663 | -48.9% |
| Amounts payable within one year | 42/48 | €14,382 | €8,823 | -€5,559 | -38.7% |
| Trade debts | 44 | €1,865 | €150 | -€1,715 | -92.0% |
| Suppliers | 440/4 | €1,865 | €150 | -€1,715 | -92.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €30 | €0 | -€30 | -100% |
| Taxes | 450/3 | €30 | €0 | -€30 | -100% |
| Other amounts payable | 47/48 | €12,487 | €8,673 | -€3,814 | -30.5% |
| Accrued charges and deferred income | 492/3 | €7,420 | €2,316 | -€5,104 | -68.8% |
| Other operating charges | 640/8 | €1,147 | €972 | -€175 | -15.2% |
| Gross operating margin | 9900 | €8,294 | €6,120 | -€2,174 | -26.2% |
| Operating profit (loss) | 9901 | €7,147 | €5,148 | -€1,999 | -28.0% |
| Financial charges | 65/66B | €185 | €366 | +€181 | +97.8% |
| Recurring financial charges | 65 | €185 | €366 | +€181 | +97.8% |
| Profit (loss) for the period before taxes | 9903 | €6,962 | €4,782 | -€2,180 | -31.3% |
| Profit (loss) for the period | 9904 | €6,962 | €4,782 | -€2,180 | -31.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,962 | €4,782 | -€2,180 | -31.3% |
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 23 October 2026 via checked.be.