Joeri Projects: 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.
Joeri Projects
Largest movements
- Cash -€4,350
down €4,350 (-57.1%), from €7,618 to €3,268
mainly Current portion of long-term debt (-€13,602) and Receivables within one year (-€3,642)
- Receivables within one year +€3,642
up €3,642 (+8.2%), from €44,332 to €47,974
of which Trade receivables: +€5,855
- Deferred charges and accrued income -€1,394
down €1,394 (-25.6%), from €5,448 to €4,054
- Current portion of long-term debt -€13,602
no longer reported in 2025 (was €13,602)
- Trade debts +€12,023
up €12,023 (+1,547%), from €777 to €12,800
- Gross operating margin -€248,094
down €248,094 (-97.7%), from €253,826 to €5,732
- Depreciation -€208,590
no longer reported in 2025 (was €208,590)
- Taxes -€19,505
down €19,505 (-86.7%), from €22,505 to €3,000
- Financial charges -€6,179
down €6,179 (-83.0%), from €7,448 to €1,269
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 | €60,740 | €58,638 | -€2,102 | -3.5% |
| Fixed assets | 21/28 | €3,342 | €3,342 | = | 0.0% |
| Financial fixed assets | 28 | €3,342 | €3,342 | = | 0.0% |
| Current assets | 29/58 | €57,398 | €55,296 | -€2,102 | -3.7% |
| Amounts receivable within one year | 40/41 | €44,332 | €47,974 | +€3,642 | +8.2% |
| Trade receivables | 40 | €16,844 | €22,699 | +€5,855 | +34.8% |
| Other amounts receivable | 41 | €27,488 | €25,275 | -€2,213 | -8.1% |
| Cash at bank and in hand | 54/58 | €7,618 | €3,268 | -€4,350 | -57.1% |
| Deferred charges and accrued income | 490/1 | €5,448 | €4,054 | -€1,394 | -25.6% |
| Total equity and liabilities | 10/49 | €60,740 | €58,638 | -€2,102 | -3.5% |
| Equity | 10/15 | €46,356 | €45,783 | -€573 | -1.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,006 | €1,006 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,006 | €1,006 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,006 | €1,006 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,750 | €26,177 | -€573 | -2.1% |
| Amounts payable | 17/49 | €14,384 | €12,855 | -€1,529 | -10.6% |
| Amounts payable within one year | 42/48 | €14,379 | €12,855 | -€1,524 | -10.6% |
| Current portion of amounts payable after more than one year | 42 | €13,602 | - | -€13,602 | |
| Trade debts | 44 | €777 | €12,800 | +€12,023 | +1,547% |
| Suppliers | 440/4 | €777 | €12,800 | +€12,023 | +1,547% |
| Taxes, remuneration and social security | 45 | - | €55 | +€55 | |
| Taxes | 450/3 | - | €55 | +€55 | |
| Accrued charges and deferred income | 492/3 | €5 | - | -€5 | |
| Remuneration, social security and pensions | 62 | €740 | - | -€740 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €208,590 | - | -€208,590 | |
| Other operating charges | 640/8 | €3,835 | €2,037 | -€1,798 | -46.9% |
| Non-recurring operating charges | 66A | €196 | - | -€196 | |
| Gross operating margin | 9900 | €253,826 | €5,732 | -€248,094 | -97.7% |
| Operating profit (loss) | 9901 | €40,465 | €3,695 | -€36,770 | -90.9% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €7,448 | €1,269 | -€6,179 | -83.0% |
| Recurring financial charges | 65 | €7,448 | €1,269 | -€6,179 | -83.0% |
| Profit (loss) for the period before taxes | 9903 | €33,017 | €2,427 | -€30,590 | -92.6% |
| Income taxes | 67/77 | €22,505 | €3,000 | -€19,505 | -86.7% |
| Profit (loss) for the period | 9904 | €10,512 | -€573 | -€11,085 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,512 | -€573 | -€11,085 |
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 22 October 2026 via checked.be.