JOELGO: 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.
JOELGO
Largest movements
- Cash +€27,116
up €27,116 (+44.6%), from €60,764 to €87,880
mainly Other debts (+€50,934) and Depreciation (+€37,271)
- Tangible fixed assets -€23,019
down €23,019 (-3.0%), from €766,913 to €743,894
of which Land and buildings: -€28,503
- Receivables within one year -€14,486
no longer reported in 2025 (was €14,486)
of which Other amounts receivable: -€14,001
- Contributions -€70,163
down €70,163 (-9.4%), from €744,350 to €674,188
- Other debts +€50,934
new in 2025: €50,934
- Depreciation +€2,595
up €2,595 (+7.5%), from €34,676 to €37,271
- Taxes -€978
down €978 (-17.6%), from €5,549 to €4,571
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 | €842,163 | €831,775 | -€10,388 | -1.2% |
| Fixed assets | 21/28 | €766,913 | €743,894 | -€23,019 | -3.0% |
| Tangible fixed assets | 22/27 | €766,913 | €743,894 | -€23,019 | -3.0% |
| Land and buildings | 22 | €697,300 | €668,798 | -€28,503 | -4.1% |
| Other tangible fixed assets | 26 | €69,613 | €75,096 | +€5,484 | +7.9% |
| Current assets | 29/58 | €75,250 | €87,880 | +€12,631 | +16.8% |
| Amounts receivable within one year | 40/41 | €14,486 | - | -€14,486 | |
| Trade receivables | 40 | €485 | - | -€485 | |
| Other amounts receivable | 41 | €14,001 | - | -€14,001 | |
| Cash at bank and in hand | 54/58 | €60,764 | €87,880 | +€27,116 | +44.6% |
| Total equity and liabilities | 10/49 | €842,163 | €831,775 | -€10,388 | -1.2% |
| Equity | 10/15 | €836,583 | €772,212 | -€64,370 | -7.7% |
| Contributions | 10/11 | €744,350 | €674,188 | -€70,163 | -9.4% |
| Reserves | 13 | €92,233 | €98,025 | +€5,792 | +6.3% |
| Distributable reserves | 133 | €92,233 | €98,025 | +€5,792 | +6.3% |
| Amounts payable | 17/49 | €5,580 | €59,563 | +€53,982 | +967% |
| Amounts payable within one year | 42/48 | €2,580 | €55,564 | +€52,984 | +2,053% |
| Trade debts | 44 | €66 | €608 | +€542 | +825% |
| Suppliers | 440/4 | €66 | €608 | +€542 | +825% |
| Taxes, remuneration and social security | 45 | €2,515 | €4,022 | +€1,508 | +60.0% |
| Taxes | 450/3 | €2,515 | €4,022 | +€1,508 | +60.0% |
| Other amounts payable | 47/48 | - | €50,934 | +€50,934 | |
| Accrued charges and deferred income | 492/3 | €3,000 | €3,998 | +€998 | +33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,676 | €37,271 | +€2,595 | +7.5% |
| Other operating charges | 640/8 | €7,592 | €7,831 | +€239 | +3.1% |
| Gross operating margin | 9900 | €59,191 | €59,712 | +€521 | +0.9% |
| Operating profit (loss) | 9901 | €16,923 | €14,610 | -€2,313 | -13.7% |
| Financial income | 75/76B | €466 | €651 | +€185 | +39.7% |
| Recurring financial income | 75 | €466 | €651 | +€185 | +39.7% |
| Financial charges | 65/66B | €29 | €61 | +€32 | +110% |
| Recurring financial charges | 65 | €29 | €61 | +€32 | +110% |
| Profit (loss) for the period before taxes | 9903 | €17,360 | €15,200 | -€2,160 | -12.4% |
| Income taxes | 67/77 | €5,549 | €4,571 | -€978 | -17.6% |
| Profit (loss) for the period | 9904 | €11,811 | €10,630 | -€1,182 | -10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,811 | €10,630 | -€1,182 | -10.0% |
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.