JOHSTE: 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.
JOHSTE
Largest movements
- Tangible fixed assets +€299,614
up €299,614 (+23.1%), from €1.3m to €1.6m
of which Land and buildings: +€280,282
- Cash +€42,883
up €42,883 (+124.8%), from €34,368 to €77,251
mainly Debts after one year (+€289,057) and Depreciation (+€72,308)
- Debts after one year +€289,057
up €289,057 (+33.9%), from €851,467 to €1.1m
of which Financial debts: +€289,057
- Reserves +€52,894
up €52,894 (+14.2%), from €373,599 to €426,493
of which Distributable reserves: +€52,894
- Gross operating margin +€33,223
up €33,223 (+7.6%), from €437,801 to €471,024
- Depreciation +€27,054
up €27,054 (+59.8%), from €45,254 to €72,308
- Financial charges +€21,291
up €21,291 (+93.3%), from €22,822 to €44,114
- Staff costs +€14,453
up €14,453 (+5.3%), from €270,417 to €284,870
- Taxes -€9,094
down €9,094 (-43.6%), from €20,865 to €11,771
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 | €1,396,834 | €1,747,988 | +€351,154 | +25.1% |
| Fixed assets | 21/28 | €1,297,877 | €1,597,491 | +€299,614 | +23.1% |
| Tangible fixed assets | 22/27 | €1,297,877 | €1,597,491 | +€299,614 | +23.1% |
| Land and buildings | 22 | €1,279,088 | €1,559,369 | +€280,282 | +21.9% |
| Plant, machinery and equipment | 23 | €10,571 | €32,672 | +€22,101 | +209.1% |
| Furniture and vehicles | 24 | €8,218 | €5,449 | -€2,769 | -33.7% |
| Current assets | 29/58 | €98,957 | €150,498 | +€51,540 | +52.1% |
| Stocks and contracts in progress | 3 | €36,559 | €33,576 | -€2,983 | -8.2% |
| Stocks | 30/36 | €36,559 | €33,576 | -€2,983 | -8.2% |
| Amounts receivable within one year | 40/41 | €10,130 | €14,786 | +€4,657 | +46.0% |
| Trade receivables | 40 | €2,466 | €1,190 | -€1,277 | -51.8% |
| Other amounts receivable | 41 | €7,664 | €13,597 | +€5,933 | +77.4% |
| Cash at bank and in hand | 54/58 | €34,368 | €77,251 | +€42,883 | +124.8% |
| Deferred charges and accrued income | 490/1 | €17,901 | €24,884 | +€6,983 | +39.0% |
| Total equity and liabilities | 10/49 | €1,396,834 | €1,747,988 | +€351,154 | +25.1% |
| Equity | 10/15 | €398,599 | €451,493 | +€52,894 | +13.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €373,599 | €426,493 | +€52,894 | +14.2% |
| Tax-exempt reserves | 132 | €2,379 | €2,379 | = | 0.0% |
| Distributable reserves | 133 | €371,219 | €424,114 | +€52,894 | +14.2% |
| Amounts payable | 17/49 | €998,236 | €1,296,495 | +€298,260 | +29.9% |
| Amounts payable after more than one year | 17 | €851,467 | €1,140,524 | +€289,057 | +33.9% |
| Financial debts | 170/4 | €801,467 | €1,090,524 | +€289,057 | +36.1% |
| Other amounts payable | 178/9 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €146,768 | €151,198 | +€4,429 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €49,788 | €64,346 | +€14,558 | +29.2% |
| Financial debts | 43 | €9,842 | €10,032 | +€190 | +1.9% |
| Credit institutions | 430/8 | €9,842 | €10,032 | +€190 | +1.9% |
| Trade debts | 44 | €18,547 | €19,657 | +€1,111 | +6.0% |
| Suppliers | 440/4 | €18,547 | €19,657 | +€1,111 | +6.0% |
| Taxes, remuneration and social security | 45 | €66,007 | €57,115 | -€8,893 | -13.5% |
| Taxes | 450/3 | €34,839 | €27,497 | -€7,342 | -21.1% |
| Remuneration and social security | 454/9 | €31,168 | €29,618 | -€1,550 | -5.0% |
| Other amounts payable | 47/48 | €2,585 | €48 | -€2,537 | -98.2% |
| Accrued charges and deferred income | 492/3 | €0 | €4,774 | +€4,774 | |
| Non-recurring operating income | 76A | €34,842 | €0 | -€34,842 | -100.0% |
| Remuneration, social security and pensions | 62 | €270,417 | €284,870 | +€14,453 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,254 | €72,308 | +€27,054 | +59.8% |
| Other operating charges | 640/8 | €5,370 | €4,977 | -€392 | -7.3% |
| Non-recurring operating charges | 66A | - | €288 | +€288 | |
| Gross operating margin | 9900 | €437,801 | €471,024 | +€33,223 | +7.6% |
| Operating profit (loss) | 9901 | €116,760 | €108,580 | -€8,180 | -7.0% |
| Financial income | 75/76B | €201 | €199 | -€2 | -0.9% |
| Recurring financial income | 75 | €201 | €199 | -€2 | -0.9% |
| Financial charges | 65/66B | €22,822 | €44,114 | +€21,291 | +93.3% |
| Recurring financial charges | 65 | €22,822 | €44,114 | +€21,291 | +93.3% |
| Profit (loss) for the period before taxes | 9903 | €94,138 | €64,665 | -€29,473 | -31.3% |
| Income taxes | 67/77 | €20,865 | €11,771 | -€9,094 | -43.6% |
| Profit (loss) for the period | 9904 | €73,273 | €52,894 | -€20,379 | -27.8% |
| Profit (loss) for the period to be appropriated | 9905 | €73,273 | €52,894 | -€20,379 | -27.8% |
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 7 October 2026 via checked.be.