Joellemo: 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.
Joellemo
Largest movements
- Current investments -€75,000
no longer reported in 2025 (was €75,000)
- Cash +€24,262
up €24,262 (+31.4%), from €77,357 to €101,619
mainly Net result for the year (+€86,878) and Current investments (+€75,000)
- Receivables within one year -€7,208
down €7,208 (-33.3%), from €21,661 to €14,453
of which Trade receivables: -€6,721
- Tangible fixed assets -€2,766
down €2,766 (-27.2%), from €10,185 to €7,419
of which Plant, machinery and equipment: -€1,813
- Reserves -€84,845
no longer reported in 2025 (was €84,845)
- Other debts +€22,402
up €22,402 (+33.2%), from €67,553 to €89,955
- Gross operating margin +€9,907
up €9,907 (+8.6%), from €114,938 to €124,846
- Financial charges +€1,410
up €1,410 (+36.8%), from €3,835 to €5,245
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.
Cash bridge derived
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 | €187,388 | €126,826 | -€60,563 | -32.3% |
| Fixed assets | 21/28 | €10,185 | €7,419 | -€2,766 | -27.2% |
| Tangible fixed assets | 22/27 | €10,185 | €7,419 | -€2,766 | -27.2% |
| Plant, machinery and equipment | 23 | €7,248 | €5,435 | -€1,813 | -25.0% |
| Furniture and vehicles | 24 | €1,894 | €1,494 | -€400 | -21.1% |
| Other tangible fixed assets | 26 | €1,043 | €490 | -€553 | -53.0% |
| Current assets | 29/58 | €177,204 | €119,407 | -€57,797 | -32.6% |
| Amounts receivable within one year | 40/41 | €21,661 | €14,453 | -€7,208 | -33.3% |
| Trade receivables | 40 | €21,174 | €14,453 | -€6,721 | -31.7% |
| Other amounts receivable | 41 | €487 | - | -€487 | |
| Current investments | 50/53 | €75,000 | - | -€75,000 | |
| Cash at bank and in hand | 54/58 | €77,357 | €101,619 | +€24,262 | +31.4% |
| Deferred charges and accrued income | 490/1 | €3,186 | €3,335 | +€149 | +4.7% |
| Total equity and liabilities | 10/49 | €187,388 | €126,826 | -€60,563 | -32.3% |
| Equity | 10/15 | €103,445 | €18,600 | -€84,845 | -82.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €84,845 | - | -€84,845 | |
| Distributable reserves | 133 | €84,845 | - | -€84,845 | |
| Amounts payable | 17/49 | €83,943 | €108,226 | +€24,282 | +28.9% |
| Amounts payable within one year | 42/48 | €83,943 | €108,226 | +€24,282 | +28.9% |
| Trade debts | 44 | €272 | €1,654 | +€1,382 | +508.6% |
| Suppliers | 440/4 | €272 | €1,654 | +€1,382 | +508.6% |
| Taxes, remuneration and social security | 45 | €16,118 | €16,617 | +€499 | +3.1% |
| Taxes | 450/3 | €16,118 | €16,617 | +€499 | +3.1% |
| Other amounts payable | 47/48 | €67,553 | €89,955 | +€22,402 | +33.2% |
| Non-recurring operating income | 76A | €2,960 | - | -€2,960 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,499 | €2,766 | +€267 | +10.7% |
| Other operating charges | 640/8 | €387 | €463 | +€76 | +19.6% |
| Gross operating margin | 9900 | €114,938 | €124,846 | +€9,907 | +8.6% |
| Operating profit (loss) | 9901 | €112,052 | €121,617 | +€9,565 | +8.5% |
| Financial income | 75/76B | €1,602 | €1,380 | -€222 | -13.8% |
| Recurring financial income | 75 | €1,602 | €1,380 | -€222 | -13.8% |
| Financial charges | 65/66B | €3,835 | €5,245 | +€1,410 | +36.8% |
| Recurring financial charges | 65 | €3,835 | €5,245 | +€1,410 | +36.8% |
| Profit (loss) for the period before taxes | 9903 | €109,819 | €117,752 | +€7,932 | +7.2% |
| Income taxes | 67/77 | €29,767 | €30,874 | +€1,107 | +3.7% |
| Profit (loss) for the period | 9904 | €80,052 | €86,878 | +€6,825 | +8.5% |
| Profit (loss) for the period to be appropriated | 9905 | €80,052 | €86,878 | +€6,825 | +8.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.