Joho: 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.
Joho
Largest movements
- Tangible fixed assets +€54,481
up €54,481 (+33.4%), from €163,154 to €217,635
of which Furniture and vehicles: +€56,904
- Cash +€46,920
up €46,920 (+156%), from €29,981 to €76,902
mainly Net result for the year (+€56,551) and Debts after one year (+€31,730)
- Reserves +€56,551
up €56,551 (+59.0%), from €95,778 to €152,329
- Debts after one year +€31,730
new in 2025: €31,730
- Current portion of long-term debt +€9,666
new in 2025: €9,666
- Tax, wage and social debts +€4,363
up €4,363 (+26.4%), from €16,518 to €20,881
- Gross operating margin +€22,598
up €22,598 (+30.0%), from €75,419 to €98,017
- Depreciation +€14,484
up €14,484 (+317%), from €4,569 to €19,053
- Financial income -€2,453
down €2,453 (-100%), from €2,453 to €0
- Financial charges +€1,546
up €1,546 (+170%), from €907 to €2,453
- Other operating charges -€1,086
down €1,086 (-60.6%), from €1,792 to €705
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 | €206,303 | €308,221 | +€101,918 | +49.4% |
| Fixed assets | 21/28 | €163,154 | €217,635 | +€54,481 | +33.4% |
| Tangible fixed assets | 22/27 | €163,154 | €217,635 | +€54,481 | +33.4% |
| Plant, machinery and equipment | 23 | - | €2,003 | +€2,003 | |
| Furniture and vehicles | 24 | €1,118 | €58,022 | +€56,904 | +5,088% |
| Other tangible fixed assets | 26 | €162,036 | €157,611 | -€4,425 | -2.7% |
| Current assets | 29/58 | €43,149 | €90,586 | +€47,437 | +110% |
| Amounts receivable within one year | 40/41 | €9,680 | €9,680 | = | 0.0% |
| Trade receivables | 40 | €9,680 | €9,680 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €29,981 | €76,902 | +€46,920 | +156% |
| Deferred charges and accrued income | 490/1 | €3,488 | €4,004 | +€517 | +14.8% |
| Total equity and liabilities | 10/49 | €206,303 | €308,221 | +€101,918 | +49.4% |
| Equity | 10/15 | €114,378 | €170,929 | +€56,551 | +49.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €95,778 | €152,329 | +€56,551 | +59.0% |
| Distributable reserves | 133 | €95,778 | €152,329 | +€56,551 | +59.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €91,925 | €137,292 | +€45,367 | +49.4% |
| Amounts payable after more than one year | 17 | - | €31,730 | +€31,730 | |
| Financial debts | 170/4 | - | €31,730 | +€31,730 | |
| Amounts payable within one year | 42/48 | €91,925 | €105,562 | +€13,638 | +14.8% |
| Current portion of amounts payable after more than one year | 42 | - | €9,666 | +€9,666 | |
| Trade debts | 44 | €3,605 | €1,936 | -€1,670 | -46.3% |
| Suppliers | 440/4 | €3,605 | €1,936 | -€1,670 | -46.3% |
| Taxes, remuneration and social security | 45 | €16,518 | €20,881 | +€4,363 | +26.4% |
| Taxes | 450/3 | €16,518 | €20,881 | +€4,363 | +26.4% |
| Other amounts payable | 47/48 | €71,801 | €73,080 | +€1,279 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,569 | €19,053 | +€14,484 | +317% |
| Other operating charges | 640/8 | €1,792 | €705 | -€1,086 | -60.6% |
| Gross operating margin | 9900 | €75,419 | €98,017 | +€22,598 | +30.0% |
| Operating profit (loss) | 9901 | €69,059 | €78,259 | +€9,200 | +13.3% |
| Financial income | 75/76B | €2,453 | €0 | -€2,453 | -100% |
| Recurring financial income | 75 | €2,453 | €0 | -€2,453 | -100% |
| Financial charges | 65/66B | €907 | €2,453 | +€1,546 | +170% |
| Recurring financial charges | 65 | €907 | €2,453 | +€1,546 | +170% |
| Profit (loss) for the period before taxes | 9903 | €70,605 | €75,806 | +€5,201 | +7.4% |
| Income taxes | 67/77 | €20,136 | €19,255 | -€881 | -4.4% |
| Profit (loss) for the period | 9904 | €50,470 | €56,551 | +€6,081 | +12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €50,470 | €56,551 | +€6,081 | +12.0% |
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 14 October 2026 via checked.be.