JOIN INVEST: 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.
JOIN INVEST
Largest movements
- Cash +€31,809
up €31,809 (+50.8%), from €62,676 to €94,485
mainly Net result for the year (+€42,018) and Other debts (+€15,441)
- Tangible fixed assets -€11,969
down €11,969 (-27.3%), from €43,905 to €31,936
of which Furniture and vehicles: -€6,795
- Receivables within one year +€4,867
up €4,867 (+45.5%), from €10,701 to €15,568
of which Trade receivables: +€5,087
- Other debts +€15,441
up €15,441 (+145%), from €10,648 to €26,089
- Tax, wage and social debts +€5,308
up €5,308 (+106%), from €5,031 to €10,339
- Reserves +€3,618
up €3,618 (+4.0%), from €89,659 to €93,278
- Gross operating margin +€17,620
up €17,620 (+31.7%), from €55,537 to €73,156
- Taxes +€5,089
up €5,089 (+39.5%), from €12,879 to €17,968
- Depreciation -€2,063
down €2,063 (-14.7%), from €14,032 to €11,969
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 | €119,200 | €143,568 | +€24,367 | +20.4% |
| Fixed assets | 21/28 | €43,905 | €31,936 | -€11,969 | -27.3% |
| Tangible fixed assets | 22/27 | €43,905 | €31,936 | -€11,969 | -27.3% |
| Land and buildings | 22 | €25,701 | €23,322 | -€2,380 | -9.3% |
| Plant, machinery and equipment | 23 | €11,408 | €8,614 | -€2,794 | -24.5% |
| Furniture and vehicles | 24 | €6,795 | - | -€6,795 | |
| Current assets | 29/58 | €75,295 | €111,632 | +€36,337 | +48.3% |
| Amounts receivable within one year | 40/41 | €10,701 | €15,568 | +€4,867 | +45.5% |
| Trade receivables | 40 | €10,083 | €15,170 | +€5,087 | +50.4% |
| Other amounts receivable | 41 | €618 | €398 | -€220 | -35.6% |
| Cash at bank and in hand | 54/58 | €62,676 | €94,485 | +€31,809 | +50.8% |
| Deferred charges and accrued income | 490/1 | €1,919 | €1,579 | -€340 | -17.7% |
| Total equity and liabilities | 10/49 | €119,200 | €143,568 | +€24,367 | +20.4% |
| Equity | 10/15 | €103,492 | €107,110 | +€3,618 | +3.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €89,659 | €93,278 | +€3,618 | +4.0% |
| Distributable reserves | 133 | €89,659 | €93,278 | +€3,618 | +4.0% |
| Profit (loss) carried forward | 14 | €7,633 | €7,633 | = | 0.0% |
| Amounts payable | 17/49 | €15,708 | €36,457 | +€20,749 | +132% |
| Amounts payable within one year | 42/48 | €15,708 | €36,457 | +€20,749 | +132% |
| Trade debts | 44 | €30 | €30 | = | 0.0% |
| Suppliers | 440/4 | €30 | €30 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €5,031 | €10,339 | +€5,308 | +106% |
| Taxes | 450/3 | €5,031 | €10,339 | +€5,308 | +106% |
| Other amounts payable | 47/48 | €10,648 | €26,089 | +€15,441 | +145% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,032 | €11,969 | -€2,063 | -14.7% |
| Other operating charges | 640/8 | €1,354 | €1,431 | +€76 | +5.6% |
| Gross operating margin | 9900 | €55,537 | €73,156 | +€17,620 | +31.7% |
| Operating profit (loss) | 9901 | €40,150 | €59,757 | +€19,606 | +48.8% |
| Financial income | 75/76B | €345 | €381 | +€36 | +10.3% |
| Recurring financial income | 75 | €345 | €381 | +€36 | +10.3% |
| Financial charges | 65/66B | €520 | €151 | -€369 | -71.0% |
| Recurring financial charges | 65 | €520 | €151 | -€369 | -71.0% |
| Profit (loss) for the period before taxes | 9903 | €39,976 | €59,987 | +€20,011 | +50.1% |
| Income taxes | 67/77 | €12,879 | €17,968 | +€5,089 | +39.5% |
| Profit (loss) for the period | 9904 | €27,097 | €42,018 | +€14,922 | +55.1% |
| Profit (loss) for the period to be appropriated | 9905 | €27,097 | €42,018 | +€14,922 | +55.1% |
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 24 October 2026 via checked.be.