JOIN: what changed
JOIN
Largest movements
- Cash +€10,736
up €10,736 (+309%), from €3,471 to €14,207
mainly Depreciation (+€10,394) and Receivables within one year (+€7,689)
- Tangible fixed assets -€8,637
down €8,637 (-40.5%), from €21,309 to €12,671
of which Furniture and vehicles: -€10,123
- Receivables within one year -€7,689
down €7,689 (-66.3%), from €11,597 to €3,908
of which Other amounts receivable: -€11,597
- Other debts -€13,921
down €13,921 (-19.8%), from €70,388 to €56,467
- Profit (loss) carried forward +€4,187
up €4,187 (+4.0%), from -€104,900 to -€100,713
- Trade debts +€2,331
up €2,331 (+268%), from €870 to €3,201
- Tax, wage and social debts +€1,806
up €1,806 (+394%), from €458 to €2,264
- Gross operating margin +€21,537
up €21,537, from -€6,136 to €15,402
- Depreciation +€611
up €611 (+6.2%), from €9,782 to €10,394
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €36,706 | €31,109 | -€5,597 | -15.2% |
| Fixed assets | 21/28 | €21,309 | €12,671 | -€8,637 | -40.5% |
| Tangible fixed assets | 22/27 | €21,309 | €12,671 | -€8,637 | -40.5% |
| Plant, machinery and equipment | 23 | €287 | €1,772 | +€1,485 | +518% |
| Furniture and vehicles | 24 | €21,022 | €10,899 | -€10,123 | -48.2% |
| Current assets | 29/58 | €15,397 | €18,437 | +€3,040 | +19.7% |
| Amounts receivable within one year | 40/41 | €11,597 | €3,908 | -€7,689 | -66.3% |
| Trade receivables | 40 | - | €3,908 | +€3,908 | |
| Other amounts receivable | 41 | €11,597 | €0 | -€11,597 | -100% |
| Cash at bank and in hand | 54/58 | €3,471 | €14,207 | +€10,736 | +309% |
| Deferred charges and accrued income | 490/1 | €329 | €322 | -€7 | -2.1% |
| Total equity and liabilities | 10/49 | €36,706 | €31,109 | -€5,597 | -15.2% |
| Equity | 10/15 | -€35,011 | -€30,824 | +€4,187 | +12.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €51,289 | €51,289 | = | 0.0% |
| Non-distributable reserves | 130/1 | €225 | €225 | = | 0.0% |
| Reserves not available under the articles | 1311 | €225 | €225 | = | 0.0% |
| Distributable reserves | 133 | €51,064 | €51,064 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€104,900 | -€100,713 | +€4,187 | +4.0% |
| Amounts payable | 17/49 | €71,716 | €61,932 | -€9,784 | -13.6% |
| Amounts payable within one year | 42/48 | €71,716 | €61,932 | -€9,784 | -13.6% |
| Trade debts | 44 | €870 | €3,201 | +€2,331 | +268% |
| Suppliers | 440/4 | €870 | €3,201 | +€2,331 | +268% |
| Taxes, remuneration and social security | 45 | €458 | €2,264 | +€1,806 | +394% |
| Taxes | 450/3 | €458 | €2,264 | +€1,806 | +394% |
| Other amounts payable | 47/48 | €70,388 | €56,467 | -€13,921 | -19.8% |
| Non-recurring operating income | 76A | €1,100 | €0 | -€1,100 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,782 | €10,394 | +€611 | +6.2% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€6,136 | €15,402 | +€21,537 | |
| Operating profit (loss) | 9901 | -€16,305 | €4,608 | +€20,914 | |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €231 | €170 | -€61 | -26.3% |
| Recurring financial charges | 65 | €231 | €170 | -€61 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | -€16,536 | €4,438 | +€20,974 | |
| Income taxes | 67/77 | €223 | €251 | +€28 | +12.8% |
| Profit (loss) for the period | 9904 | -€16,759 | €4,187 | +€20,946 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,759 | €4,187 | +€20,946 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.