JOEPSAKEE: 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.
JOEPSAKEE
Largest movements
- Cash -€202,975
down €202,975 (-98.6%), from €205,807 to €2,832
mainly Net result for the year (-€126,208) and Investment in fixed assets (net) (-€116,069)
- Tangible fixed assets +€48,533
up €48,533 (+7.3%), from €662,026 to €710,559
of which Other tangible fixed assets: +€92,532
- Profit (loss) carried forward -€126,208
down €126,208, from €21,901 to -€104,308
- Debts after one year -€46,294
down €46,294 (-10.6%), from €435,639 to €389,345
- Trade debts +€31,668
up €31,668 (+54.3%), from €58,269 to €89,937
- Gross operating margin -€135,911
down €135,911, from €95,404 to -€40,506
- Staff costs -€112,661
down €112,661, from €105,542 to -€7,119
- Other operating charges -€7,272
down €7,272 (-46.4%), from €15,657 to €8,385
- Depreciation -€5,518
down €5,518 (-7.6%), from €73,053 to €67,536
- Financial charges -€1,267
down €1,267 (-6.9%), from €18,291 to €17,024
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €971,972 | €826,226 | -€145,747 | -15.0% |
| Fixed assets | 21/28 | €662,026 | €710,559 | +€48,533 | +7.3% |
| Tangible fixed assets | 22/27 | €662,026 | €710,559 | +€48,533 | +7.3% |
| Land and buildings | 22 | €592,134 | €554,447 | -€37,687 | -6.4% |
| Plant, machinery and equipment | 23 | €154 | - | -€154 | |
| Furniture and vehicles | 24 | €10,908 | €4,751 | -€6,157 | -56.4% |
| Other tangible fixed assets | 26 | €58,829 | €151,361 | +€92,532 | +157% |
| Current assets | 29/58 | €309,947 | €115,667 | -€194,280 | -62.7% |
| Amounts receivable within one year | 40/41 | €99,949 | €103,260 | +€3,311 | +3.3% |
| Trade receivables | 40 | €41,120 | €60,329 | +€19,210 | +46.7% |
| Other amounts receivable | 41 | €58,829 | €42,931 | -€15,899 | -27.0% |
| Cash at bank and in hand | 54/58 | €205,807 | €2,832 | -€202,975 | -98.6% |
| Deferred charges and accrued income | 490/1 | €4,190 | €9,574 | +€5,384 | +128% |
| Total equity and liabilities | 10/49 | €971,972 | €826,226 | -€145,747 | -15.0% |
| Equity | 10/15 | €294,439 | €168,231 | -€126,208 | -42.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €266,338 | €266,338 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €264,478 | €266,338 | +€1,860 | +0.7% |
| Profit (loss) carried forward | 14 | €21,901 | -€104,308 | -€126,208 | |
| Amounts payable | 17/49 | €677,533 | €657,995 | -€19,539 | -2.9% |
| Amounts payable after more than one year | 17 | €435,639 | €389,345 | -€46,294 | -10.6% |
| Financial debts | 170/4 | €435,639 | €389,345 | -€46,294 | -10.6% |
| Amounts payable within one year | 42/48 | €240,507 | €267,499 | +€26,992 | +11.2% |
| Current portion of amounts payable after more than one year | 42 | €47,955 | €46,294 | -€1,660 | -3.5% |
| Financial debts | 43 | €44,004 | €49,269 | +€5,265 | +12.0% |
| Credit institutions | 430/8 | €44,004 | €49,269 | +€5,265 | +12.0% |
| Trade debts | 44 | €58,269 | €89,937 | +€31,668 | +54.3% |
| Suppliers | 440/4 | €58,269 | €89,937 | +€31,668 | +54.3% |
| Advances received on contracts in progress | 46 | €4,172 | €36 | -€4,136 | -99.1% |
| Taxes, remuneration and social security | 45 | €8,244 | - | -€8,244 | |
| Remuneration and social security | 454/9 | €8,244 | - | -€8,244 | |
| Other amounts payable | 47/48 | €77,863 | €81,963 | +€4,099 | +5.3% |
| Accrued charges and deferred income | 492/3 | €1,388 | €1,151 | -€237 | -17.1% |
| Non-recurring operating income | 76A | €20 | - | -€20 | |
| Remuneration, social security and pensions | 62 | €105,542 | -€7,119 | -€112,661 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,053 | €67,536 | -€5,518 | -7.6% |
| Other operating charges | 640/8 | €15,657 | €8,385 | -€7,272 | -46.4% |
| Gross operating margin | 9900 | €95,404 | -€40,506 | -€135,911 | |
| Operating profit (loss) | 9901 | -€98,848 | -€109,308 | -€10,460 | -10.6% |
| Financial income | 75/76B | €12 | €124 | +€112 | +934% |
| Recurring financial income | 75 | €12 | €124 | +€112 | +934% |
| Financial charges | 65/66B | €18,291 | €17,024 | -€1,267 | -6.9% |
| Recurring financial charges | 65 | €18,291 | €17,024 | -€1,267 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | -€117,127 | -€126,208 | -€9,081 | -7.8% |
| Profit (loss) for the period | 9904 | -€117,127 | -€126,208 | -€9,081 | -7.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€117,127 | -€126,208 | -€9,081 | -7.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2022 and 30 September 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.