JOERI: 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.
JOERI
Largest movements
- Cash +€46,711
up €46,711 (+637.9%), from €7,322 to €54,033
mainly Depreciation (+€22,529) and Net result for the year (+€22,035)
- Receivables within one year +€28,005
up €28,005 (+55.8%), from €50,156 to €78,162
of which Trade receivables: +€28,826
- Tangible fixed assets -€22,529
down €22,529 (-19.4%), from €115,844 to €93,315
of which Furniture and vehicles: -€13,018
- Current investments -€18,750
down €18,750 (-14.5%), from €129,606 to €110,856
- Stocks and contracts +€6,098
up €6,098 (+57.3%), from €10,634 to €16,733
- Reserves +€22,035
up €22,035 (+12.0%), from €184,290 to €206,324
- Trade debts +€20,492
up €20,492 (+114.9%), from €17,836 to €38,328
- Other debts -€17,120
down €17,120 (-51.0%), from €33,541 to €16,422
- Tax, wage and social debts +€11,235
up €11,235 (+27.7%), from €40,561 to €51,797
of which Taxes: +€13,203
- Advances received +€10,500
up €10,500 (+68.9%), from €15,250 to €25,750
- Gross operating margin +€23,496
up €23,496 (+10.0%), from €234,212 to €257,708
- Taxes +€10,367
up €10,367 (+372.0%), from €2,787 to €13,153
- Staff costs -€7,841
down €7,841 (-3.9%), from €200,149 to €192,308
- Write-downs +€3,405
new in 2025: €3,405
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 | €316,577 | €355,733 | +€39,156 | +12.4% |
| Fixed assets | 21/28 | €117,270 | €94,741 | -€22,529 | -19.2% |
| Tangible fixed assets | 22/27 | €115,844 | €93,315 | -€22,529 | -19.4% |
| Land and buildings | 22 | €55,791 | €49,899 | -€5,892 | -10.6% |
| Plant, machinery and equipment | 23 | €5,243 | €3,070 | -€2,173 | -41.4% |
| Furniture and vehicles | 24 | €49,780 | €36,762 | -€13,018 | -26.2% |
| Other tangible fixed assets | 26 | €5,030 | €3,584 | -€1,446 | -28.7% |
| Financial fixed assets | 28 | €1,426 | €1,426 | = | 0.0% |
| Current assets | 29/58 | €199,307 | €260,992 | +€61,685 | +30.9% |
| Stocks and contracts in progress | 3 | €10,634 | €16,733 | +€6,098 | +57.3% |
| Stocks | 30/36 | €10,634 | €16,733 | +€6,098 | +57.3% |
| Amounts receivable within one year | 40/41 | €50,156 | €78,162 | +€28,005 | +55.8% |
| Trade receivables | 40 | €49,336 | €78,162 | +€28,826 | +58.4% |
| Other amounts receivable | 41 | €820 | €0 | -€820 | -100.0% |
| Current investments | 50/53 | €129,606 | €110,856 | -€18,750 | -14.5% |
| Cash at bank and in hand | 54/58 | €7,322 | €54,033 | +€46,711 | +637.9% |
| Deferred charges and accrued income | 490/1 | €1,588 | €1,208 | -€380 | -23.9% |
| Total equity and liabilities | 10/49 | €316,577 | €355,733 | +€39,156 | +12.4% |
| Equity | 10/15 | €190,487 | €212,522 | +€22,035 | +11.6% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €184,290 | €206,324 | +€22,035 | +12.0% |
| Distributable reserves | 133 | €184,290 | €206,324 | +€22,035 | +12.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €126,090 | €143,211 | +€17,121 | +13.6% |
| Amounts payable after more than one year | 17 | €8,778 | €0 | -€8,778 | -100.0% |
| Financial debts | 170/4 | €8,778 | €0 | -€8,778 | -100.0% |
| Amounts payable within one year | 42/48 | €117,262 | €141,075 | +€23,813 | +20.3% |
| Current portion of amounts payable after more than one year | 42 | €10,074 | €8,778 | -€1,295 | -12.9% |
| Trade debts | 44 | €17,836 | €38,328 | +€20,492 | +114.9% |
| Suppliers | 440/4 | €17,836 | €38,328 | +€20,492 | +114.9% |
| Advances received on contracts in progress | 46 | €15,250 | €25,750 | +€10,500 | +68.9% |
| Taxes, remuneration and social security | 45 | €40,561 | €51,797 | +€11,235 | +27.7% |
| Taxes | 450/3 | €16,966 | €30,170 | +€13,203 | +77.8% |
| Remuneration and social security | 454/9 | €23,595 | €21,627 | -€1,968 | -8.3% |
| Other amounts payable | 47/48 | €33,541 | €16,422 | -€17,120 | -51.0% |
| Accrued charges and deferred income | 492/3 | €50 | €2,136 | +€2,086 | +4161.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €200,149 | €192,308 | -€7,841 | -3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,553 | €22,529 | +€976 | +4.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,405 | +€3,405 | |
| Other operating charges | 640/8 | €790 | €1,324 | +€533 | +67.5% |
| Gross operating margin | 9900 | €234,212 | €257,708 | +€23,496 | +10.0% |
| Operating profit (loss) | 9901 | €11,720 | €38,142 | +€26,422 | +225.5% |
| Financial income | 75/76B | €979 | €727 | -€251 | -25.7% |
| Recurring financial income | 75 | €979 | €727 | -€251 | -25.7% |
| Financial charges | 65/66B | €1,497 | €3,682 | +€2,184 | +145.9% |
| Recurring financial charges | 65 | €1,497 | €3,682 | +€2,184 | +145.9% |
| Profit (loss) for the period before taxes | 9903 | €11,201 | €35,188 | +€23,987 | +214.1% |
| Income taxes | 67/77 | €2,787 | €13,153 | +€10,367 | +372.0% |
| Profit (loss) for the period | 9904 | €8,414 | €22,035 | +€13,620 | +161.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,414 | €22,035 | +€13,620 | +161.9% |
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 9 October 2026 via checked.be.