JOENIT: 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.
JOENIT
Largest movements
- Cash +€61,963
up €61,963 (+54.5%), from €113,751 to €175,714
mainly Depreciation (+€70,172) and Other debts (+€49,039)
- Stocks and contracts -€36,626
down €36,626 (-7.4%), from €497,881 to €461,255
- Current investments +€24,000
new in 2025: €24,000
- Tangible fixed assets -€18,905
down €18,905 (-9.5%), from €199,055 to €180,150
- Receivables within one year +€13,020
up €13,020 (+11.1%), from €117,337 to €130,357
of which Trade receivables: +€17,358
- Other debts +€49,039
up €49,039 (+11.8%), from €415,742 to €464,781
- Reserves -€11,380
down €11,380 (-2.4%), from €475,472 to €464,091
- Gross operating margin -€35,439
down €35,439 (-16.4%), from €216,221 to €180,782
- Financial income +€21,011
up €21,011 (+241.5%), from €8,699 to €29,710
- Depreciation +€9,674
up €9,674 (+16.0%), from €60,497 to €70,172
- Taxes -€6,462
down €6,462 (-35.6%), from €18,156 to €11,693
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 | €928,024 | €971,476 | +€43,452 | +4.7% |
| Fixed assets | 21/28 | €199,055 | €180,150 | -€18,905 | -9.5% |
| Tangible fixed assets | 22/27 | €199,055 | €180,150 | -€18,905 | -9.5% |
| Plant, machinery and equipment | 23 | €27,237 | €24,370 | -€2,867 | -10.5% |
| Furniture and vehicles | 24 | €45,300 | €37,076 | -€8,223 | -18.2% |
| Other tangible fixed assets | 26 | €126,518 | €118,704 | -€7,814 | -6.2% |
| Current assets | 29/58 | €728,969 | €791,326 | +€62,357 | +8.6% |
| Stocks and contracts in progress | 3 | €497,881 | €461,255 | -€36,626 | -7.4% |
| Stocks | 30/36 | €497,881 | €461,255 | -€36,626 | -7.4% |
| Amounts receivable within one year | 40/41 | €117,337 | €130,357 | +€13,020 | +11.1% |
| Trade receivables | 40 | €105,140 | €122,498 | +€17,358 | +16.5% |
| Other amounts receivable | 41 | €12,197 | €7,859 | -€4,338 | -35.6% |
| Current investments | 50/53 | - | €24,000 | +€24,000 | |
| Cash at bank and in hand | 54/58 | €113,751 | €175,714 | +€61,963 | +54.5% |
| Total equity and liabilities | 10/49 | €928,024 | €971,476 | +€43,452 | +4.7% |
| Equity | 10/15 | €494,072 | €482,691 | -€11,380 | -2.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €475,472 | €464,091 | -€11,380 | -2.4% |
| Distributable reserves | 133 | €475,472 | €464,091 | -€11,380 | -2.4% |
| Amounts payable | 17/49 | €433,952 | €488,784 | +€54,832 | +12.6% |
| Amounts payable within one year | 42/48 | €433,952 | €488,784 | +€54,832 | +12.6% |
| Trade debts | 44 | €4,460 | €688 | -€3,772 | -84.6% |
| Suppliers | 440/4 | €4,460 | €688 | -€3,772 | -84.6% |
| Taxes, remuneration and social security | 45 | €13,750 | €23,316 | +€9,566 | +69.6% |
| Taxes | 450/3 | €13,750 | €23,316 | +€9,566 | +69.6% |
| Other amounts payable | 47/48 | €415,742 | €464,781 | +€49,039 | +11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,497 | €70,172 | +€9,674 | +16.0% |
| Other operating charges | 640/8 | €9,375 | €9,233 | -€142 | -1.5% |
| Gross operating margin | 9900 | €216,221 | €180,782 | -€35,439 | -16.4% |
| Operating profit (loss) | 9901 | €146,348 | €101,377 | -€44,971 | -30.7% |
| Financial income | 75/76B | €8,699 | €29,710 | +€21,011 | +241.5% |
| Recurring financial income | 75 | €8,699 | €29,710 | +€21,011 | +241.5% |
| Financial charges | 65/66B | €96,585 | €94,691 | -€1,894 | -2.0% |
| Recurring financial charges | 65 | €96,585 | €94,691 | -€1,894 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | €58,462 | €36,396 | -€22,066 | -37.7% |
| Income taxes | 67/77 | €18,156 | €11,693 | -€6,462 | -35.6% |
| Profit (loss) for the period | 9904 | €40,307 | €24,703 | -€15,604 | -38.7% |
| Profit (loss) for the period to be appropriated | 9905 | €40,307 | €24,703 | -€15,604 | -38.7% |
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.