JOESIE: 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.
JOESIE
Largest movements
- Receivables within one year +€18,393
new in 2025: €18,393
- Cash -€11,741
down €11,741 (-44.8%), from €26,216 to €14,475
mainly Trade debts (-€20,841) and Receivables within one year (-€18,393)
- Deferred charges and accrued income -€798
down €798 (-8.1%), from €9,800 to €9,002
- Tangible fixed assets -€496
down €496 (-42.9%), from €1,156 to €660
- Profit (loss) carried forward +€21,298
up €21,298 (+59,375%), from €36 to €21,334
- Trade debts -€20,841
down €20,841 (-98.8%), from €21,088 to €247
- Tax, wage and social debts +€4,605
up €4,605 (+62.4%), from €7,383 to €11,988
- Gross operating margin +€27,089
up €27,089 (+980%), from €2,765 to €29,854
- Taxes +€4,303
up €4,303 (+266%), from €1,620 to €5,923
- Financial charges +€1,431
up €1,431 (+1,013%), from €141 to €1,573
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 | €37,172 | €42,530 | +€5,358 | +14.4% |
| Fixed assets | 21/28 | €1,156 | €660 | -€496 | -42.9% |
| Tangible fixed assets | 22/27 | €1,156 | €660 | -€496 | -42.9% |
| Plant, machinery and equipment | 23 | €1,156 | €660 | -€496 | -42.9% |
| Current assets | 29/58 | €36,016 | €41,871 | +€5,855 | +16.3% |
| Amounts receivable within one year | 40/41 | - | €18,393 | +€18,393 | |
| Trade receivables | 40 | - | €18,393 | +€18,393 | |
| Cash at bank and in hand | 54/58 | €26,216 | €14,475 | -€11,741 | -44.8% |
| Deferred charges and accrued income | 490/1 | €9,800 | €9,002 | -€798 | -8.1% |
| Total equity and liabilities | 10/49 | €37,172 | €42,530 | +€5,358 | +14.4% |
| Equity | 10/15 | €3,236 | €24,534 | +€21,298 | +658% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €200 | €200 | = | 0.0% |
| Distributable reserves | 133 | €200 | €200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36 | €21,334 | +€21,298 | +59,375% |
| Amounts payable | 17/49 | €33,936 | €17,996 | -€15,940 | -47.0% |
| Amounts payable within one year | 42/48 | €33,936 | €17,996 | -€15,940 | -47.0% |
| Trade debts | 44 | €21,088 | €247 | -€20,841 | -98.8% |
| Suppliers | 440/4 | €21,088 | €247 | -€20,841 | -98.8% |
| Taxes, remuneration and social security | 45 | €7,383 | €11,988 | +€4,605 | +62.4% |
| Taxes | 450/3 | €7,383 | €11,988 | +€4,605 | +62.4% |
| Other amounts payable | 47/48 | €5,465 | €5,761 | +€296 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €333 | €496 | +€163 | +49.0% |
| Other operating charges | 640/8 | €434 | €563 | +€129 | +29.7% |
| Gross operating margin | 9900 | €2,765 | €29,854 | +€27,089 | +980% |
| Operating profit (loss) | 9901 | €1,997 | €28,794 | +€26,797 | +1,342% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €141 | €1,573 | +€1,431 | +1,013% |
| Recurring financial charges | 65 | €141 | €1,573 | +€1,431 | +1,013% |
| Profit (loss) for the period before taxes | 9903 | €1,856 | €27,221 | +€25,365 | +1,367% |
| Income taxes | 67/77 | €1,620 | €5,923 | +€4,303 | +266% |
| Profit (loss) for the period | 9904 | €236 | €21,298 | +€21,062 | +8,930% |
| Profit (loss) for the period to be appropriated | 9905 | €236 | €21,298 | +€21,062 | +8,930% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.