JOENIK: 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.
JOENIK
Largest movements
- Current investments -€500,000
no longer reported in 2025 (was €500,000)
- Cash +€473,100
up €473,100 (+208.6%), from €226,829 to €699,929
mainly Current investments (+€500,000) and Depreciation (+€14,200)
- Tangible fixed assets -€14,200
down €14,200 (-71.4%), from €19,875 to €5,675
of which Furniture and vehicles: -€13,409
- Deferred charges and accrued income -€11,616
down €11,616 (-89.7%), from €12,954 to €1,337
- Tax, wage and social debts -€51,399
down €51,399 (-98.6%), from €52,124 to €725
- Gross operating margin -€91,186
down €91,186 (-81.2%), from €112,285 to €21,099
- Taxes -€22,113
down €22,113 (-90.5%), from €24,429 to €2,316
- Staff costs -€6,296
no longer reported in 2025 (was €6,296)
- Depreciation -€1,356
down €1,356 (-8.7%), from €15,556 to €14,200
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 | €772,854 | €722,160 | -€50,694 | -6.6% |
| Fixed assets | 21/28 | €19,925 | €5,725 | -€14,200 | -71.3% |
| Tangible fixed assets | 22/27 | €19,875 | €5,675 | -€14,200 | -71.4% |
| Plant, machinery and equipment | 23 | €2,252 | €1,461 | -€791 | -35.1% |
| Furniture and vehicles | 24 | €17,623 | €4,214 | -€13,409 | -76.1% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €752,929 | €716,435 | -€36,494 | -4.8% |
| Amounts receivable within one year | 40/41 | €13,146 | €15,169 | +€2,023 | +15.4% |
| Trade receivables | 40 | €12,575 | €6,250 | -€6,325 | -50.3% |
| Other amounts receivable | 41 | €571 | €8,919 | +€8,348 | +1462.0% |
| Current investments | 50/53 | €500,000 | - | -€500,000 | |
| Cash at bank and in hand | 54/58 | €226,829 | €699,929 | +€473,100 | +208.6% |
| Deferred charges and accrued income | 490/1 | €12,954 | €1,337 | -€11,616 | -89.7% |
| Total equity and liabilities | 10/49 | €772,854 | €722,160 | -€50,694 | -6.6% |
| Equity | 10/15 | €714,555 | €718,489 | +€3,933 | +0.6% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €639,555 | €643,489 | +€3,933 | +0.6% |
| Distributable reserves | 133 | €639,555 | €643,489 | +€3,933 | +0.6% |
| Amounts payable | 17/49 | €58,299 | €3,671 | -€54,628 | -93.7% |
| Amounts payable within one year | 42/48 | €58,299 | €3,671 | -€54,628 | -93.7% |
| Trade debts | 44 | €3,414 | €832 | -€2,582 | -75.6% |
| Suppliers | 440/4 | €3,414 | €832 | -€2,582 | -75.6% |
| Taxes, remuneration and social security | 45 | €52,124 | €725 | -€51,399 | -98.6% |
| Taxes | 450/3 | €52,124 | €725 | -€51,399 | -98.6% |
| Other amounts payable | 47/48 | €2,761 | €2,114 | -€646 | -23.4% |
| Remuneration, social security and pensions | 62 | €6,296 | - | -€6,296 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,556 | €14,200 | -€1,356 | -8.7% |
| Other operating charges | 640/8 | €2,239 | €2,078 | -€161 | -7.2% |
| Non-recurring operating charges | 66A | €1,500 | - | -€1,500 | |
| Gross operating margin | 9900 | €112,285 | €21,099 | -€91,186 | -81.2% |
| Operating profit (loss) | 9901 | €86,694 | €4,821 | -€81,873 | -94.4% |
| Financial income | 75/76B | €1,561 | €1,473 | -€87 | -5.6% |
| Recurring financial income | 75 | €1,561 | €1,473 | -€87 | -5.6% |
| Financial charges | 65/66B | €113 | €45 | -€68 | -60.2% |
| Recurring financial charges | 65 | €113 | €45 | -€68 | -60.2% |
| Profit (loss) for the period before taxes | 9903 | €88,142 | €6,249 | -€81,893 | -92.9% |
| Income taxes | 67/77 | €24,429 | €2,316 | -€22,113 | -90.5% |
| Profit (loss) for the period | 9904 | €63,713 | €3,933 | -€59,779 | -93.8% |
| Profit (loss) for the period to be appropriated | 9905 | €63,713 | €3,933 | -€59,779 | -93.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.