JOEMA: 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.
What changed
JOEMA
NACE 47.551, Retail sale of household furniture
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€109,544
2024 · €68,719+€40,825
Equity
€2.9m
2024 · €2.7m+€109,544
Cash
€511,084
2024 · €175,492+€335,592
Balance sheet total
€5.9m
2024 · €5.6m+€287,617
Largest movements
Assets
- Cash +€335,592
up €335,592 (+191.2%), from €175,492 to €511,084
mainly Other debts (+€241,892) and Net result for the year (+€109,544)
- Tangible fixed assets -€67,875
down €67,875 (-5.2%), from €1.3m to €1.2m
of which Land and buildings: -€40,826
Equity and liabilities
- Other debts +€241,892
up €241,892 (+81.5%), from €296,619 to €538,511
- Profit (loss) carried forward +€109,544
up €109,544 (+35.2%), from €311,433 to €420,977
Income statement
- Financial income +€256,279
up €256,279 (+81.9%), from €312,841 to €569,120
- Financial charges +€138,863
up €138,863 (+71.1%), from €195,333 to €334,196
- Gross operating margin -€66,289
down €66,289 (-71.7%), from €92,495 to €26,206
- Taxes +€16,265
up €16,265 (+21.4%), from €75,837 to €92,101
- Other operating charges -€5,289
down €5,289 (-27.6%), from €19,171 to €13,883
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.
Result 2024
€68,719
Gross operating margin
-€66,289
Depreciation
+€675
Other operating charges
+€5,289
Financial income
+€256,279
Financial charges
-€138,863
Taxes
-€16,265
Result 2025
€109,544
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.
From operations
+€387,063
Investment
-€22,305
Financing
-€29,166
Cash 2024
€175,492
From operations (derived)
+€387,063
Net result for the year
+€109,544
Depreciation
+€67,875
Receivables within one year
+€1,988
Deferred charges and accrued income
+€417
Provisions
-€22,274
Trade debts
-€23,331
Tax, wage and social debts
+€7,923
Other debts
+€241,892
Accrued charges and deferred income
+€3,030
Investment (derived)
-€22,305
Current investments
-€22,305
Financing
-€29,166
Current portion of long-term debt
-€29,166
Cash 2025
€511,084
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,580,401 | €5,868,018 | +€287,617 | +5.2% |
| Fixed assets | 21/28 | €1,316,381 | €1,248,506 | -€67,875 | -5.2% |
| Tangible fixed assets | 22/27 | €1,316,381 | €1,248,506 | -€67,875 | -5.2% |
| Land and buildings | 22 | €1,250,096 | €1,209,271 | -€40,826 | -3.3% |
| Plant, machinery and equipment | 23 | €46,195 | €32,517 | -€13,678 | -29.6% |
| Furniture and vehicles | 24 | €20,089 | €6,718 | -€13,371 | -66.6% |
| Current assets | 29/58 | €4,264,020 | €4,619,512 | +€355,492 | +8.3% |
| Amounts receivable within one year | 40/41 | €1,306,608 | €1,304,620 | -€1,988 | -0.2% |
| Trade receivables | 40 | €13,041 | €960 | -€12,081 | -92.6% |
| Other amounts receivable | 41 | €1,293,567 | €1,303,660 | +€10,092 | +0.8% |
| Current investments | 50/53 | €2,773,872 | €2,796,177 | +€22,305 | +0.8% |
| Cash at bank and in hand | 54/58 | €175,492 | €511,084 | +€335,592 | +191.2% |
| Deferred charges and accrued income | 490/1 | €8,048 | €7,632 | -€417 | -5.2% |
| Total equity and liabilities | 10/49 | €5,580,401 | €5,868,018 | +€287,617 | +5.2% |
| Equity | 10/15 | €2,741,786 | €2,851,331 | +€109,544 | +4.0% |
| Contributions | 10/11 | €166,500 | €166,500 | = | 0.0% |
| Reserves | 13 | €2,263,853 | €2,263,853 | = | 0.0% |
| Non-distributable reserves | 130/1 | €952,418 | €952,418 | = | 0.0% |
| Reserves not available under the articles | 1311 | €952,418 | €952,418 | = | 0.0% |
| Distributable reserves | 133 | €1,311,436 | €1,311,436 | = | 0.0% |
| Profit (loss) carried forward | 14 | €311,433 | €420,977 | +€109,544 | +35.2% |
| Provisions and deferred taxes | 16 | €816,710 | €794,436 | -€22,274 | -2.7% |
| Provisions for liabilities and charges | 160/5 | €816,710 | €794,436 | -€22,274 | -2.7% |
| Environmental obligations | 163 | €816,710 | €794,436 | -€22,274 | -2.7% |
| Amounts payable | 17/49 | €2,021,904 | €2,222,251 | +€200,347 | +9.9% |
| Amounts payable after more than one year | 17 | €200,000 | €200,000 | = | 0.0% |
| Financial debts | 170/4 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,799,983 | €1,997,301 | +€197,318 | +11.0% |
| Current portion of amounts payable after more than one year | 42 | €29,166 | - | -€29,166 | |
| Financial debts | 43 | €1,400,000 | €1,400,000 | = | 0.0% |
| Credit institutions | 430/8 | €1,400,000 | €1,400,000 | = | 0.0% |
| Trade debts | 44 | €24,961 | €1,630 | -€23,331 | -93.5% |
| Suppliers | 440/4 | €24,961 | €1,630 | -€23,331 | -93.5% |
| Taxes, remuneration and social security | 45 | €49,237 | €57,160 | +€7,923 | +16.1% |
| Taxes | 450/3 | €49,237 | €57,160 | +€7,923 | +16.1% |
| Other amounts payable | 47/48 | €296,619 | €538,511 | +€241,892 | +81.5% |
| Accrued charges and deferred income | 492/3 | €21,921 | €24,950 | +€3,030 | +13.8% |
| Non-recurring operating income | 76A | - | €8,266 | +€8,266 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,549 | €67,875 | -€675 | -1.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€22,274 | -€22,274 | = | 0.0% |
| Other operating charges | 640/8 | €19,171 | €13,883 | -€5,289 | -27.6% |
| Gross operating margin | 9900 | €92,495 | €26,206 | -€66,289 | -71.7% |
| Operating profit (loss) | 9901 | €27,048 | -€33,278 | -€60,326 | |
| Financial income | 75/76B | €312,841 | €569,120 | +€256,279 | +81.9% |
| Recurring financial income | 75 | €312,841 | €569,120 | +€256,279 | +81.9% |
| Financial charges | 65/66B | €195,333 | €334,196 | +€138,863 | +71.1% |
| Recurring financial charges | 65 | €195,333 | €334,196 | +€138,863 | +71.1% |
| Profit (loss) for the period before taxes | 9903 | €144,556 | €201,646 | +€57,090 | +39.5% |
| Income taxes | 67/77 | €75,837 | €92,101 | +€16,265 | +21.4% |
| Profit (loss) for the period | 9904 | €68,719 | €109,544 | +€40,825 | +59.4% |
| Profit (loss) for the period to be appropriated | 9905 | €68,719 | €109,544 | +€40,825 | +59.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.