Joery Collier: 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.
Joery Collier
Largest movements
- Receivables after one year -€77,120
down €77,120 (-27.4%), from €281,620 to €204,500
- Cash +€19,212
up €19,212 (+48.5%), from €39,596 to €58,808
mainly Receivables after one year (+€77,120) and Net result for the year (+€45,184)
- Deferred charges and accrued income -€17,259
down €17,259 (-41.0%), from €42,140 to €24,881
- Receivables within one year -€16,631
down €16,631 (-64.8%), from €25,671 to €9,040
of which Trade receivables: -€16,661
- Tangible fixed assets -€10,068
down €10,068 (-82.2%), from €12,243 to €2,175
of which Furniture and vehicles: -€9,379
- Reserves -€93,816
down €93,816 (-28.2%), from €332,903 to €239,087
of which Distributable reserves: -€93,816
- Tax, wage and social debts -€5,634
down €5,634 (-25.1%), from €22,448 to €16,814
of which Taxes: -€5,634
- Gross operating margin -€14,100
down €14,100 (-16.4%), from €86,088 to €71,988
- Other operating charges +€4,768
up €4,768 (+425%), from €1,121 to €5,889
- Taxes -€3,471
down €3,471 (-12.4%), from €27,889 to €24,417
- Depreciation -€2,068
down €2,068 (-34.7%), from €5,952 to €3,884
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 | €401,269 | €299,405 | -€101,864 | -25.4% |
| Fixed assets | 21/28 | €12,243 | €2,175 | -€10,068 | -82.2% |
| Tangible fixed assets | 22/27 | €12,243 | €2,175 | -€10,068 | -82.2% |
| Plant, machinery and equipment | 23 | €1,150 | €461 | -€689 | -59.9% |
| Furniture and vehicles | 24 | €11,093 | €1,714 | -€9,379 | -84.5% |
| Current assets | 29/58 | €389,027 | €297,230 | -€91,797 | -23.6% |
| Amounts receivable after more than one year | 29 | €281,620 | €204,500 | -€77,120 | -27.4% |
| Trade receivables | 290 | €281,620 | €204,500 | -€77,120 | -27.4% |
| Amounts receivable within one year | 40/41 | €25,671 | €9,040 | -€16,631 | -64.8% |
| Trade receivables | 40 | €25,010 | €8,348 | -€16,661 | -66.6% |
| Other amounts receivable | 41 | €661 | €692 | +€31 | +4.6% |
| Cash at bank and in hand | 54/58 | €39,596 | €58,808 | +€19,212 | +48.5% |
| Deferred charges and accrued income | 490/1 | €42,140 | €24,881 | -€17,259 | -41.0% |
| Total equity and liabilities | 10/49 | €401,269 | €299,405 | -€101,864 | -25.4% |
| Equity | 10/15 | €351,503 | €257,687 | -€93,816 | -26.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €332,903 | €239,087 | -€93,816 | -28.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €331,043 | €237,227 | -€93,816 | -28.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €49,766 | €41,717 | -€8,049 | -16.2% |
| Amounts payable within one year | 42/48 | €49,766 | €41,717 | -€8,049 | -16.2% |
| Current portion of amounts payable after more than one year | 42 | €5,449 | €2,727 | -€2,722 | -50.0% |
| Financial debts | 43 | €4,766 | €4,839 | +€74 | +1.5% |
| Credit institutions | 430/8 | €4,766 | €4,839 | +€74 | +1.5% |
| Trade debts | 44 | €12,797 | €11,347 | -€1,450 | -11.3% |
| Suppliers | 440/4 | €12,797 | €11,347 | -€1,450 | -11.3% |
| Taxes, remuneration and social security | 45 | €22,448 | €16,814 | -€5,634 | -25.1% |
| Taxes | 450/3 | €21,767 | €16,133 | -€5,634 | -25.9% |
| Remuneration and social security | 454/9 | €681 | €681 | = | 0.0% |
| Other amounts payable | 47/48 | €4,307 | €5,990 | +€1,683 | +39.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,952 | €3,884 | -€2,068 | -34.7% |
| Other operating charges | 640/8 | €1,121 | €5,889 | +€4,768 | +425% |
| Gross operating margin | 9900 | €86,088 | €71,988 | -€14,100 | -16.4% |
| Operating profit (loss) | 9901 | €79,015 | €62,214 | -€16,800 | -21.3% |
| Financial income | 75/76B | €8,611 | €8,621 | +€10 | +0.1% |
| Recurring financial income | 75 | €8,611 | €8,621 | +€10 | +0.1% |
| Financial charges | 65/66B | €1,661 | €1,233 | -€427 | -25.7% |
| Recurring financial charges | 65 | €1,661 | €1,233 | -€427 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | €85,964 | €69,602 | -€16,362 | -19.0% |
| Income taxes | 67/77 | €27,889 | €24,417 | -€3,471 | -12.4% |
| Profit (loss) for the period | 9904 | €58,076 | €45,184 | -€12,891 | -22.2% |
| Profit (loss) for the period to be appropriated | 9905 | €58,076 | €45,184 | -€12,891 | -22.2% |
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 13 October 2026 via checked.be.