JOEPI CONSULT: 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.
JOEPI CONSULT
Largest movements
- Receivables after one year -€121,467
no longer reported in 2025 (was €121,467)
- Cash +€56,339
up €56,339 (+29.4%), from €191,572 to €247,911
mainly Net result for the year (+€164,654) and Other debts (+€135,951)
- Receivables within one year -€16,560
down €16,560 (-74.3%), from €22,284 to €5,723
of which Trade receivables: -€15,125
- Profit (loss) carried forward -€325,753
no longer reported in 2025 (was €325,753)
- Other debts +€135,951
new in 2025: €135,951
- Reserves +€110,407
new in 2025: €110,407
- Gross operating margin +€105,825
up €105,825 (+83.9%), from €126,184 to €232,009
- Taxes +€35,540
up €35,540 (+121%), from €29,280 to €64,820
- Financial income -€5,255
no longer reported in 2025 (was €5,255)
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.
Derived cash bridge
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 | €337,752 | €254,595 | -€83,157 | -24.6% |
| Fixed assets | 21/28 | €1,744 | €961 | -€783 | -44.9% |
| Tangible fixed assets | 22/27 | €1,744 | €961 | -€783 | -44.9% |
| Furniture and vehicles | 24 | €1,744 | €961 | -€783 | -44.9% |
| Current assets | 29/58 | €336,008 | €253,634 | -€82,374 | -24.5% |
| Amounts receivable after more than one year | 29 | €121,467 | - | -€121,467 | |
| Other amounts receivable | 291 | €121,467 | - | -€121,467 | |
| Amounts receivable within one year | 40/41 | €22,284 | €5,723 | -€16,560 | -74.3% |
| Trade receivables | 40 | €15,125 | - | -€15,125 | |
| Other amounts receivable | 41 | €7,159 | €5,723 | -€1,435 | -20.0% |
| Cash at bank and in hand | 54/58 | €191,572 | €247,911 | +€56,339 | +29.4% |
| Deferred charges and accrued income | 490/1 | €685 | - | -€685 | |
| Total equity and liabilities | 10/49 | €337,752 | €254,595 | -€83,157 | -24.6% |
| Equity | 10/15 | €328,253 | €112,907 | -€215,346 | -65.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | - | €110,407 | +€110,407 | |
| Distributable reserves | 133 | - | €110,407 | +€110,407 | |
| Profit (loss) carried forward | 14 | €325,753 | - | -€325,753 | |
| Amounts payable | 17/49 | €9,499 | €141,689 | +€132,189 | +1,392% |
| Amounts payable within one year | 42/48 | €9,499 | €141,689 | +€132,189 | +1,392% |
| Trade debts | 44 | €2,199 | €947 | -€1,252 | -56.9% |
| Suppliers | 440/4 | €2,199 | €947 | -€1,252 | -56.9% |
| Taxes, remuneration and social security | 45 | €7,300 | €4,790 | -€2,510 | -34.4% |
| Taxes | 450/3 | €7,300 | €4,790 | -€2,510 | -34.4% |
| Other amounts payable | 47/48 | - | €135,951 | +€135,951 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €470 | €783 | +€313 | +66.4% |
| Other operating charges | 640/8 | €775 | €602 | -€173 | -22.3% |
| Gross operating margin | 9900 | €126,184 | €232,009 | +€105,825 | +83.9% |
| Operating profit (loss) | 9901 | €124,939 | €230,624 | +€105,685 | +84.6% |
| Financial income | 75/76B | €5,255 | - | -€5,255 | |
| Recurring financial income | 75 | €5,255 | - | -€5,255 | |
| Financial charges | 65/66B | €652 | €1,149 | +€498 | +76.4% |
| Recurring financial charges | 65 | €652 | €1,149 | +€498 | +76.4% |
| Profit (loss) for the period before taxes | 9903 | €129,542 | €229,474 | +€99,933 | +77.1% |
| Income taxes | 67/77 | €29,280 | €64,820 | +€35,540 | +121% |
| Profit (loss) for the period | 9904 | €100,262 | €164,654 | +€64,392 | +64.2% |
| Profit (loss) for the period to be appropriated | 9905 | €100,262 | €164,654 | +€64,392 | +64.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.