JOENAT: 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.
JOENAT
Largest movements
- Receivables within one year -€45,210
down €45,210 (-100.0%), from €45,215 to €4
of which Trade receivables: -€44,951
- Tangible fixed assets -€3,496
down €3,496 (-13.6%), from €25,656 to €22,160
of which Other tangible fixed assets: -€2,998
- Cash +€3,189
up €3,189 (+6096.9%), from €52 to €3,242
mainly Receivables within one year (+€45,210) and Net result for the year (+€14,691)
- Stocks and contracts -€2,516
down €2,516 (-17.4%), from €14,458 to €11,942
- Trade debts -€35,728
down €35,728 (-69.6%), from €51,303 to €15,575
- Profit (loss) carried forward +€14,691
up €14,691 (+84.7%), from -€17,335 to -€2,644
- Other debts -€12,814
no longer reported in 2024 (was €12,814)
- Tax, wage and social debts -€7,422
down €7,422 (-22.8%), from €32,511 to €25,089
of which Taxes: -€7,563
- Current portion of long-term debt -€4,068
no longer reported in 2024 (was €4,068)
- Staff costs -€19,800
down €19,800 (-25.7%), from €76,949 to €57,149
- Gross operating margin -€11,263
down €11,263 (-10.5%), from €107,522 to €96,259
- Financial charges +€4,329
up €4,329 (+54.2%), from €7,992 to €12,321
- Depreciation -€1,182
down €1,182 (-15.0%), from €7,877 to €6,696
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 | €92,851 | €46,080 | -€46,771 | -50.4% |
| Fixed assets | 21/28 | €33,126 | €30,148 | -€2,978 | -9.0% |
| Intangible fixed assets | 21 | €7,470 | €7,988 | +€518 | +6.9% |
| Tangible fixed assets | 22/27 | €25,656 | €22,160 | -€3,496 | -13.6% |
| Plant, machinery and equipment | 23 | €5,337 | €5,532 | +€195 | +3.6% |
| Furniture and vehicles | 24 | €1,830 | €1,137 | -€693 | -37.9% |
| Other tangible fixed assets | 26 | €18,489 | €15,491 | -€2,998 | -16.2% |
| Current assets | 29/58 | €59,725 | €15,932 | -€43,793 | -73.3% |
| Stocks and contracts in progress | 3 | €14,458 | €11,942 | -€2,516 | -17.4% |
| Stocks | 30/36 | €14,458 | €11,942 | -€2,516 | -17.4% |
| Amounts receivable within one year | 40/41 | €45,215 | €4 | -€45,210 | -100.0% |
| Trade receivables | 40 | €44,951 | - | -€44,951 | |
| Other amounts receivable | 41 | €264 | €4 | -€260 | -98.3% |
| Cash at bank and in hand | 54/58 | €52 | €3,242 | +€3,189 | +6096.9% |
| Deferred charges and accrued income | 490/1 | - | €743 | +€743 | |
| Total equity and liabilities | 10/49 | €92,851 | €46,080 | -€46,771 | -50.4% |
| Equity | 10/15 | -€9,275 | €5,416 | +€14,691 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,335 | -€2,644 | +€14,691 | +84.7% |
| Amounts payable | 17/49 | €102,126 | €40,664 | -€61,463 | -60.2% |
| Amounts payable within one year | 42/48 | €102,126 | €40,664 | -€61,463 | -60.2% |
| Current portion of amounts payable after more than one year | 42 | €4,068 | - | -€4,068 | |
| Financial debts | 43 | €1,430 | - | -€1,430 | |
| Credit institutions | 430/8 | €1,430 | - | -€1,430 | |
| Trade debts | 44 | €51,303 | €15,575 | -€35,728 | -69.6% |
| Suppliers | 440/4 | €51,303 | €15,575 | -€35,728 | -69.6% |
| Taxes, remuneration and social security | 45 | €32,511 | €25,089 | -€7,422 | -22.8% |
| Taxes | 450/3 | €26,600 | €19,037 | -€7,563 | -28.4% |
| Remuneration and social security | 454/9 | €5,911 | €6,052 | +€141 | +2.4% |
| Other amounts payable | 47/48 | €12,814 | - | -€12,814 | |
| Remuneration, social security and pensions | 62 | €76,949 | €57,149 | -€19,800 | -25.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,877 | €6,696 | -€1,182 | -15.0% |
| Other operating charges | 640/8 | €4,198 | €4,230 | +€32 | +0.8% |
| Gross operating margin | 9900 | €107,522 | €96,259 | -€11,263 | -10.5% |
| Operating profit (loss) | 9901 | €18,497 | €28,184 | +€9,687 | +52.4% |
| Financial income | 75/76B | €2 | €0 | -€2 | -99.5% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -99.5% |
| Financial charges | 65/66B | €7,992 | €12,321 | +€4,329 | +54.2% |
| Recurring financial charges | 65 | €7,992 | €12,321 | +€4,329 | +54.2% |
| Profit (loss) for the period before taxes | 9903 | €10,507 | €15,863 | +€5,356 | +51.0% |
| Income taxes | 67/77 | €886 | €1,172 | +€286 | +32.3% |
| Profit (loss) for the period | 9904 | €9,622 | €14,691 | +€5,069 | +52.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,622 | €14,691 | +€5,069 | +52.7% |
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 8 October 2026 via checked.be.