JOHPAL: 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.
JOHPAL
Largest movements
- Tangible fixed assets +€188,908
up €188,908 (+34.3%), from €550,642 to €739,550
of which Land and buildings: +€216,997
- Receivables within one year -€15,695
down €15,695 (-80.9%), from €19,403 to €3,707
of which Other amounts receivable: -€8,542
- Debts after one year +€117,601
up €117,601 (+28.5%), from €412,767 to €530,368
- Reserves +€39,003
up €39,003 (+283%), from €13,767 to €52,771
- Other debts -€38,697
down €38,697 (-42.0%), from €92,121 to €53,424
- Current portion of long-term debt +€37,026
up €37,026 (+143%), from €25,886 to €62,912
- Tax, wage and social debts +€11,807
up €11,807 (+151%), from €7,804 to €19,611
- Gross operating margin +€24,945
up €24,945 (+27.5%), from €90,642 to €115,587
- Financial charges +€10,052
up €10,052 (+45.8%), from €21,945 to €31,996
- Taxes +€8,802
up €8,802 (+232%), from €3,791 to €12,593
- Depreciation -€7,443
down €7,443 (-22.2%), from €33,515 to €26,072
- Other operating charges +€1,610
up €1,610 (+40.1%), from €4,012 to €5,623
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 | €574,019 | €751,208 | +€177,189 | +30.9% |
| Fixed assets | 21/28 | €550,642 | €739,550 | +€188,908 | +34.3% |
| Tangible fixed assets | 22/27 | €550,642 | €739,550 | +€188,908 | +34.3% |
| Land and buildings | 22 | €522,553 | €739,550 | +€216,997 | +41.5% |
| Assets under construction and advance payments | 27 | €28,089 | €0 | -€28,089 | -100% |
| Current assets | 29/58 | €23,377 | €11,658 | -€11,719 | -50.1% |
| Amounts receivable within one year | 40/41 | €19,403 | €3,707 | -€15,695 | -80.9% |
| Trade receivables | 40 | €10,650 | €3,497 | -€7,154 | -67.2% |
| Other amounts receivable | 41 | €8,752 | €210 | -€8,542 | -97.6% |
| Cash at bank and in hand | 54/58 | €1,488 | €5,299 | +€3,812 | +256% |
| Deferred charges and accrued income | 490/1 | €2,487 | €2,652 | +€165 | +6.6% |
| Total equity and liabilities | 10/49 | €574,019 | €751,208 | +€177,189 | +30.9% |
| Equity | 10/15 | €32,367 | €71,371 | +€39,003 | +121% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €13,767 | €52,771 | +€39,003 | +283% |
| Distributable reserves | 133 | €13,767 | €52,771 | +€39,003 | +283% |
| Amounts payable | 17/49 | €541,652 | €679,838 | +€138,186 | +25.5% |
| Amounts payable after more than one year | 17 | €412,767 | €530,368 | +€117,601 | +28.5% |
| Financial debts | 170/4 | €412,767 | €530,368 | +€117,601 | +28.5% |
| Amounts payable within one year | 42/48 | €128,501 | €143,493 | +€14,992 | +11.7% |
| Current portion of amounts payable after more than one year | 42 | €25,886 | €62,912 | +€37,026 | +143% |
| Trade debts | 44 | €2,690 | €3,545 | +€855 | +31.8% |
| Suppliers | 440/4 | €2,690 | €3,545 | +€855 | +31.8% |
| Advances received on contracts in progress | 46 | - | €4,000 | +€4,000 | |
| Taxes, remuneration and social security | 45 | €7,804 | €19,611 | +€11,807 | +151% |
| Taxes | 450/3 | €7,804 | €19,611 | +€11,807 | +151% |
| Other amounts payable | 47/48 | €92,121 | €53,424 | -€38,697 | -42.0% |
| Accrued charges and deferred income | 492/3 | €384 | €5,977 | +€5,592 | +1,455% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,515 | €26,072 | -€7,443 | -22.2% |
| Other operating charges | 640/8 | €4,012 | €5,623 | +€1,610 | +40.1% |
| Non-recurring operating charges | 66A | €17,574 | €300 | -€17,274 | -98.3% |
| Gross operating margin | 9900 | €90,642 | €115,587 | +€24,945 | +27.5% |
| Operating profit (loss) | 9901 | €35,541 | €83,592 | +€48,051 | +135% |
| Financial charges | 65/66B | €21,945 | €31,996 | +€10,052 | +45.8% |
| Recurring financial charges | 65 | €21,945 | €31,996 | +€10,052 | +45.8% |
| Profit (loss) for the period before taxes | 9903 | €13,596 | €51,596 | +€38,000 | +279% |
| Income taxes | 67/77 | €3,791 | €12,593 | +€8,802 | +232% |
| Profit (loss) for the period | 9904 | €9,806 | €39,003 | +€29,198 | +298% |
| Profit (loss) for the period to be appropriated | 9905 | €9,806 | €39,003 | +€29,198 | +298% |
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 22 October 2026 via checked.be.