JOHA: 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.
JOHA
Largest movements
- Cash +€79,832
up €79,832 (+96.8%), from €82,440 to €162,271
mainly Net result for the year (+€82,729) and Depreciation (+€57,590)
- Intangible fixed assets -€30,000
down €30,000 (-10.7%), from €280,932 to €250,932
- Tangible fixed assets -€23,380
down €23,380 (-18.6%), from €126,003 to €102,623
of which Plant, machinery and equipment: -€23,741
- Receivables within one year -€13,126
down €13,126 (-44.7%), from €29,381 to €16,255
of which Trade receivables: -€6,670
- Profit (loss) carried forward +€82,729
up €82,729 (+335.1%), from €24,691 to €107,420
- Other debts -€55,091
down €55,091 (-31.6%), from €174,199 to €119,108
- Debts after one year -€33,645
down €33,645 (-16.9%), from €199,398 to €165,753
- Trade debts +€10,529
up €10,529 (+15.7%), from €66,865 to €77,394
- Tax, wage and social debts +€9,340
up €9,340 (+57.3%), from €16,302 to €25,643
of which Taxes: +€7,482
- Gross operating margin +€99,858
up €99,858 (+54.6%), from €182,843 to €282,701
- Depreciation +€22,359
up €22,359 (+63.5%), from €35,231 to €57,590
- Taxes +€14,706
up €14,706 (+172.3%), from €8,536 to €23,242
- Financial charges +€5,666
up €5,666 (+53.5%), from €10,582 to €16,248
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 | €523,908 | €538,963 | +€15,055 | +2.9% |
| Fixed assets | 21/28 | €406,934 | €353,554 | -€53,380 | -13.1% |
| Intangible fixed assets | 21 | €280,932 | €250,932 | -€30,000 | -10.7% |
| Tangible fixed assets | 22/27 | €126,003 | €102,623 | -€23,380 | -18.6% |
| Plant, machinery and equipment | 23 | €112,430 | €88,689 | -€23,741 | -21.1% |
| Furniture and vehicles | 24 | €13,573 | €13,934 | +€361 | +2.7% |
| Current assets | 29/58 | €116,974 | €185,409 | +€68,436 | +58.5% |
| Stocks and contracts in progress | 3 | €2,750 | €5,316 | +€2,565 | +93.3% |
| Stocks | 30/36 | €2,750 | €5,316 | +€2,565 | +93.3% |
| Amounts receivable within one year | 40/41 | €29,381 | €16,255 | -€13,126 | -44.7% |
| Trade receivables | 40 | €6,976 | €306 | -€6,670 | -95.6% |
| Other amounts receivable | 41 | €22,405 | €15,949 | -€6,456 | -28.8% |
| Cash at bank and in hand | 54/58 | €82,440 | €162,271 | +€79,832 | +96.8% |
| Deferred charges and accrued income | 490/1 | €2,402 | €1,567 | -€835 | -34.8% |
| Total equity and liabilities | 10/49 | €523,908 | €538,963 | +€15,055 | +2.9% |
| Equity | 10/15 | €34,691 | €117,420 | +€82,729 | +238.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,691 | €107,420 | +€82,729 | +335.1% |
| Amounts payable | 17/49 | €489,217 | €421,543 | -€67,674 | -13.8% |
| Amounts payable after more than one year | 17 | €199,398 | €165,753 | -€33,645 | -16.9% |
| Financial debts | 170/4 | €199,398 | €165,753 | -€33,645 | -16.9% |
| Amounts payable within one year | 42/48 | €289,696 | €255,790 | -€33,906 | -11.7% |
| Current portion of amounts payable after more than one year | 42 | €32,330 | €33,645 | +€1,315 | +4.1% |
| Trade debts | 44 | €66,865 | €77,394 | +€10,529 | +15.7% |
| Suppliers | 440/4 | €66,865 | €77,394 | +€10,529 | +15.7% |
| Taxes, remuneration and social security | 45 | €16,302 | €25,643 | +€9,340 | +57.3% |
| Taxes | 450/3 | €8,860 | €16,343 | +€7,482 | +84.4% |
| Remuneration and social security | 454/9 | €7,442 | €9,300 | +€1,858 | +25.0% |
| Other amounts payable | 47/48 | €174,199 | €119,108 | -€55,091 | -31.6% |
| Accrued charges and deferred income | 492/3 | €123 | €0 | -€123 | -99.9% |
| Remuneration, social security and pensions | 62 | €103,599 | €102,845 | -€754 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,231 | €57,590 | +€22,359 | +63.5% |
| Other operating charges | 640/8 | €232 | €374 | +€142 | +61.1% |
| Gross operating margin | 9900 | €182,843 | €282,701 | +€99,858 | +54.6% |
| Operating profit (loss) | 9901 | €43,781 | €121,892 | +€78,111 | +178.4% |
| Financial income | 75/76B | €28 | €327 | +€299 | +1071.4% |
| Recurring financial income | 75 | €28 | €327 | +€299 | +1071.4% |
| Financial charges | 65/66B | €10,582 | €16,248 | +€5,666 | +53.5% |
| Recurring financial charges | 65 | €10,582 | €16,248 | +€5,666 | +53.5% |
| Profit (loss) for the period before taxes | 9903 | €33,227 | €105,971 | +€72,744 | +218.9% |
| Income taxes | 67/77 | €8,536 | €23,242 | +€14,706 | +172.3% |
| Profit (loss) for the period | 9904 | €24,691 | €82,729 | +€58,038 | +235.1% |
| Profit (loss) for the period to be appropriated | 9905 | €24,691 | €82,729 | +€58,038 | +235.1% |
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 6 October 2026 via checked.be.