JOEHF: 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.
JOEHF
Largest movements
- Receivables within one year +€59,748
up €59,748 (+138.6%), from €43,102 to €102,849
of which Trade receivables: +€44,994
- Tangible fixed assets +€22,384
up €22,384 (+184.1%), from €12,156 to €34,541
of which Furniture and vehicles: +€25,442
- Stocks and contracts +€9,183
up €9,183 (+12.2%), from €75,173 to €84,356
- Cash +€7,601
up €7,601 (+16.4%), from €46,278 to €53,879
mainly Trade debts (+€53,366) and Debts after one year (+€19,421)
- Trade debts +€53,366
up €53,366 (+85.3%), from €62,571 to €115,937
- Debts after one year +€19,421
new in 2024: €19,421
- Profit (loss) carried forward +€15,252
up €15,252 (+19.5%), from €78,387 to €93,640
- Current portion of long-term debt +€6,957
new in 2024: €6,957
- Advances received +€2,911
new in 2024: €2,911
- Gross operating margin +€7,275
up €7,275 (+6.9%), from €105,154 to €112,429
- Staff costs -€3,920
down €3,920 (-4.5%), from €86,444 to €82,524
- Depreciation +€3,474
up €3,474 (+104.3%), from €3,332 to €6,806
- Taxes +€1,381
up €1,381 (+32.3%), from €4,281 to €5,663
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €177,262 | €277,172 | +€99,910 | +56.4% |
| Fixed assets | 21/28 | €12,156 | €34,541 | +€22,384 | +184.1% |
| Tangible fixed assets | 22/27 | €12,156 | €34,541 | +€22,384 | +184.1% |
| Plant, machinery and equipment | 23 | €12,156 | €9,099 | -€3,058 | -25.2% |
| Furniture and vehicles | 24 | - | €25,442 | +€25,442 | |
| Current assets | 29/58 | €165,105 | €242,631 | +€77,526 | +47.0% |
| Stocks and contracts in progress | 3 | €75,173 | €84,356 | +€9,183 | +12.2% |
| Stocks | 30/36 | €75,173 | €84,356 | +€9,183 | +12.2% |
| Amounts receivable within one year | 40/41 | €43,102 | €102,849 | +€59,748 | +138.6% |
| Trade receivables | 40 | €35,106 | €80,100 | +€44,994 | +128.2% |
| Other amounts receivable | 41 | €7,996 | €22,749 | +€14,753 | +184.5% |
| Cash at bank and in hand | 54/58 | €46,278 | €53,879 | +€7,601 | +16.4% |
| Deferred charges and accrued income | 490/1 | €553 | €1,547 | +€994 | +179.8% |
| Total equity and liabilities | 10/49 | €177,262 | €277,172 | +€99,910 | +56.4% |
| Equity | 10/15 | €85,721 | €100,973 | +€15,252 | +17.8% |
| Contributions | 10/11 | €7,200 | €7,200 | = | 0.0% |
| Reserves | 13 | €134 | €134 | = | 0.0% |
| Non-distributable reserves | 130/1 | €134 | €134 | = | 0.0% |
| Reserves not available under the articles | 1311 | €134 | €134 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,387 | €93,640 | +€15,252 | +19.5% |
| Amounts payable | 17/49 | €91,541 | €176,199 | +€84,658 | +92.5% |
| Amounts payable after more than one year | 17 | - | €19,421 | +€19,421 | |
| Financial debts | 170/4 | - | €19,421 | +€19,421 | |
| Amounts payable within one year | 42/48 | €91,541 | €156,777 | +€65,237 | +71.3% |
| Current portion of amounts payable after more than one year | 42 | - | €6,957 | +€6,957 | |
| Trade debts | 44 | €62,571 | €115,937 | +€53,366 | +85.3% |
| Suppliers | 440/4 | €62,571 | €115,937 | +€53,366 | +85.3% |
| Advances received on contracts in progress | 46 | - | €2,911 | +€2,911 | |
| Taxes, remuneration and social security | 45 | €22,129 | €23,520 | +€1,391 | +6.3% |
| Taxes | 450/3 | €10,095 | €9,615 | -€480 | -4.8% |
| Remuneration and social security | 454/9 | €12,035 | €13,905 | +€1,871 | +15.5% |
| Other amounts payable | 47/48 | €6,841 | €7,451 | +€611 | +8.9% |
| Non-recurring operating income | 76A | - | €1,810 | +€1,810 | |
| Remuneration, social security and pensions | 62 | €86,444 | €82,524 | -€3,920 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,332 | €6,806 | +€3,474 | +104.3% |
| Other operating charges | 640/8 | €2,069 | €973 | -€1,096 | -53.0% |
| Gross operating margin | 9900 | €105,154 | €112,429 | +€7,275 | +6.9% |
| Operating profit (loss) | 9901 | €13,309 | €22,126 | +€8,817 | +66.2% |
| Financial income | 75/76B | - | €11 | +€11 | |
| Recurring financial income | 75 | - | €11 | +€11 | |
| Financial charges | 65/66B | €619 | €1,222 | +€603 | +97.4% |
| Recurring financial charges | 65 | €619 | €1,222 | +€603 | +97.4% |
| Profit (loss) for the period before taxes | 9903 | €12,690 | €20,915 | +€8,225 | +64.8% |
| Income taxes | 67/77 | €4,281 | €5,663 | +€1,381 | +32.3% |
| Profit (loss) for the period | 9904 | €8,409 | €15,252 | +€6,844 | +81.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,409 | €15,252 | +€6,844 | +81.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.