JOERI MAX: 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 MAX
Largest movements
- Cash +€59,812
up €59,812 (+505.7%), from €11,827 to €71,638
mainly Net result for the year (+€51,018) and Tax, wage and social debts (+€12,966)
- Receivables within one year +€2,520
up €2,520 (+21.5%), from €11,743 to €14,262
of which Trade receivables: +€2,518
- Stocks and contracts +€1,937
new in 2025: €1,937
- Reserves +€50,218
up €50,218 (+420.7%), from €11,938 to €62,156
- Tax, wage and social debts +€12,966
up €12,966 (+101.5%), from €12,770 to €25,736
- Gross operating margin +€48,232
up €48,232 (+265.2%), from €18,184 to €66,416
- Taxes +€9,633
up €9,633 (+255.7%), from €3,768 to €13,400
- Financial charges +€812
up €812 (+123.1%), from €660 to €1,471
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 | €28,722 | €92,467 | +€63,746 | +221.9% |
| Fixed assets | 21/28 | €3,398 | €2,684 | -€713 | -21.0% |
| Tangible fixed assets | 22/27 | €3,398 | €2,684 | -€713 | -21.0% |
| Plant, machinery and equipment | 23 | €2,107 | €1,661 | -€447 | -21.2% |
| Furniture and vehicles | 24 | €1,290 | €1,024 | -€267 | -20.7% |
| Current assets | 29/58 | €25,324 | €89,783 | +€64,459 | +254.5% |
| Stocks and contracts in progress | 3 | - | €1,937 | +€1,937 | |
| Stocks | 30/36 | - | €1,937 | +€1,937 | |
| Amounts receivable within one year | 40/41 | €11,743 | €14,262 | +€2,520 | +21.5% |
| Trade receivables | 40 | €11,743 | €14,260 | +€2,518 | +21.4% |
| Other amounts receivable | 41 | - | €2 | +€2 | |
| Cash at bank and in hand | 54/58 | €11,827 | €71,638 | +€59,812 | +505.7% |
| Deferred charges and accrued income | 490/1 | €1,754 | €1,945 | +€191 | +10.9% |
| Total equity and liabilities | 10/49 | €28,722 | €92,467 | +€63,746 | +221.9% |
| Equity | 10/15 | €14,938 | €65,156 | +€50,218 | +336.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €11,938 | €62,156 | +€50,218 | +420.7% |
| Distributable reserves | 133 | €11,938 | €62,156 | +€50,218 | +420.7% |
| Amounts payable | 17/49 | €13,784 | €27,311 | +€13,528 | +98.1% |
| Amounts payable within one year | 42/48 | €13,784 | €27,311 | +€13,528 | +98.1% |
| Trade debts | 44 | €214 | €775 | +€562 | +262.9% |
| Suppliers | 440/4 | €214 | €775 | +€562 | +262.9% |
| Taxes, remuneration and social security | 45 | €12,770 | €25,736 | +€12,966 | +101.5% |
| Taxes | 450/3 | €12,770 | €25,736 | +€12,966 | +101.5% |
| Other amounts payable | 47/48 | €800 | €800 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €169 | €713 | +€544 | +321.7% |
| Other operating charges | 640/8 | €50 | €62 | +€12 | +24.0% |
| Gross operating margin | 9900 | €18,184 | €66,416 | +€48,232 | +265.2% |
| Operating profit (loss) | 9901 | €17,965 | €65,641 | +€47,676 | +265.4% |
| Financial income | 75/76B | - | €249 | +€249 | |
| Recurring financial income | 75 | - | €249 | +€249 | |
| Financial charges | 65/66B | €660 | €1,471 | +€812 | +123.1% |
| Recurring financial charges | 65 | €660 | €1,471 | +€812 | +123.1% |
| Profit (loss) for the period before taxes | 9903 | €17,306 | €64,419 | +€47,113 | +272.2% |
| Income taxes | 67/77 | €3,768 | €13,400 | +€9,633 | +255.7% |
| Profit (loss) for the period | 9904 | €13,538 | €51,018 | +€37,480 | +276.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,538 | €51,018 | +€37,480 | +276.9% |
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 7 October 2026 via checked.be.