JOENES: 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.
JOENES
Largest movements
- Cash +€12,525
up €12,525 (+82.5%), from €15,179 to €27,704
mainly Net result for the year (+€23,156) and Other debts (+€7,837)
- Tangible fixed assets +€3,967
up €3,967 (+206.4%), from €1,922 to €5,889
- Deferred charges and accrued income +€1,748
new in 2025: €1,748
- Receivables within one year -€1,515
down €1,515 (-9.6%), from €15,830 to €14,316
of which Trade receivables: -€3,630
- Profit (loss) carried forward +€23,156
up €23,156, from -€18,835 to €4,320
- Advances received -€12,210
no longer reported in 2025 (was €12,210)
- Other debts +€7,837
up €7,837 (+334.1%), from €2,346 to €10,183
- Tax, wage and social debts -€2,130
down €2,130 (-21.3%), from €10,010 to €7,879
of which Remuneration and social security: -€1,919
- Gross operating margin +€24,467
up €24,467 (+68.6%), from €35,671 to €60,138
- Staff costs -€18,873
down €18,873 (-36.1%), from €52,257 to €33,383
- Taxes +€963
new in 2025: €963
- Write-downs -€705
no longer reported in 2025 (was €705)
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 | €32,931 | €49,656 | +€16,725 | +50.8% |
| Fixed assets | 21/28 | €1,922 | €5,889 | +€3,967 | +206.4% |
| Tangible fixed assets | 22/27 | €1,922 | €5,889 | +€3,967 | +206.4% |
| Plant, machinery and equipment | 23 | €1,922 | €5,889 | +€3,967 | +206.4% |
| Current assets | 29/58 | €31,009 | €43,767 | +€12,758 | +41.1% |
| Amounts receivable within one year | 40/41 | €15,830 | €14,316 | -€1,515 | -9.6% |
| Trade receivables | 40 | €8,475 | €4,845 | -€3,630 | -42.8% |
| Other amounts receivable | 41 | €7,355 | €9,471 | +€2,116 | +28.8% |
| Cash at bank and in hand | 54/58 | €15,179 | €27,704 | +€12,525 | +82.5% |
| Deferred charges and accrued income | 490/1 | - | €1,748 | +€1,748 | |
| Total equity and liabilities | 10/49 | €32,931 | €49,656 | +€16,725 | +50.8% |
| Equity | 10/15 | €2,165 | €25,320 | +€23,156 | +1069.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €19,000 | €19,000 | = | 0.0% |
| Distributable reserves | 133 | €19,000 | €19,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,835 | €4,320 | +€23,156 | |
| Amounts payable | 17/49 | €30,766 | €24,336 | -€6,431 | -20.9% |
| Amounts payable within one year | 42/48 | €29,566 | €23,136 | -€6,431 | -21.8% |
| Trade debts | 44 | €5,001 | €5,073 | +€72 | +1.4% |
| Suppliers | 440/4 | €5,001 | €5,073 | +€72 | +1.4% |
| Advances received on contracts in progress | 46 | €12,210 | - | -€12,210 | |
| Taxes, remuneration and social security | 45 | €10,010 | €7,879 | -€2,130 | -21.3% |
| Taxes | 450/3 | €3,848 | €3,638 | -€211 | -5.5% |
| Remuneration and social security | 454/9 | €6,161 | €4,242 | -€1,919 | -31.2% |
| Other amounts payable | 47/48 | €2,346 | €10,183 | +€7,837 | +334.1% |
| Accrued charges and deferred income | 492/3 | €1,200 | €1,200 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €52,257 | €33,383 | -€18,873 | -36.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €774 | €1,340 | +€567 | +73.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €705 | - | -€705 | |
| Other operating charges | 640/8 | €1,397 | €931 | -€466 | -33.4% |
| Gross operating margin | 9900 | €35,671 | €60,138 | +€24,467 | +68.6% |
| Operating profit (loss) | 9901 | -€19,462 | €24,483 | +€43,945 | |
| Financial income | 75/76B | €20 | - | -€20 | |
| Recurring financial income | 75 | €20 | - | -€20 | |
| Financial charges | 65/66B | €179 | €364 | +€185 | +103.2% |
| Recurring financial charges | 65 | €179 | €364 | +€185 | +103.2% |
| Profit (loss) for the period before taxes | 9903 | -€19,621 | €24,119 | +€43,740 | |
| Income taxes | 67/77 | - | €963 | +€963 | |
| Profit (loss) for the period | 9904 | -€19,621 | €23,156 | +€42,776 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,621 | €23,156 | +€42,776 |
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 8 October 2026 via checked.be.