Joinop: 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.
Joinop
Largest movements
- Tangible fixed assets -€55,798
down €55,798 (-4.8%), from €1.2m to €1.1m
- Cash +€16,395
up €16,395 (+894%), from €1,833 to €18,228
mainly Other debts (+€70,000) and Depreciation (+€55,798)
- Debts after one year -€88,828
down €88,828 (-11.0%), from €805,344 to €716,515
of which Financial debts: -€88,828
- Other debts +€70,000
up €70,000 (+280%), from €25,000 to €95,000
- Reserves -€30,000
no longer reported in 2025 (was €30,000)
- Gross operating margin +€2,706
up €2,706 (+2.1%), from €129,809 to €132,515
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 | €1,154,789 | €1,114,009 | -€40,779 | -3.5% |
| Fixed assets | 21/28 | €1,150,889 | €1,095,091 | -€55,798 | -4.8% |
| Tangible fixed assets | 22/27 | €1,150,889 | €1,095,091 | -€55,798 | -4.8% |
| Land and buildings | 22 | €1,150,889 | €1,095,091 | -€55,798 | -4.8% |
| Current assets | 29/58 | €3,900 | €18,918 | +€15,019 | +385% |
| Amounts receivable within one year | 40/41 | €1,523 | €112 | -€1,411 | -92.6% |
| Other amounts receivable | 41 | €1,523 | €112 | -€1,411 | -92.6% |
| Cash at bank and in hand | 54/58 | €1,833 | €18,228 | +€16,395 | +894% |
| Deferred charges and accrued income | 490/1 | €544 | €578 | +€34 | +6.3% |
| Total equity and liabilities | 10/49 | €1,154,789 | €1,114,009 | -€40,779 | -3.5% |
| Equity | 10/15 | €236,717 | €200,882 | -€35,835 | -15.1% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €30,000 | - | -€30,000 | |
| Distributable reserves | 133 | €30,000 | - | -€30,000 | |
| Profit (loss) carried forward | 14 | €6,717 | €882 | -€5,835 | -86.9% |
| Amounts payable | 17/49 | €918,072 | €913,128 | -€4,944 | -0.5% |
| Amounts payable after more than one year | 17 | €805,344 | €716,515 | -€88,828 | -11.0% |
| Financial debts | 170/4 | €605,344 | €516,515 | -€88,828 | -14.7% |
| Other amounts payable | 178/9 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €112,729 | €185,878 | +€73,149 | +64.9% |
| Current portion of amounts payable after more than one year | 42 | €87,275 | €88,828 | +€1,554 | +1.8% |
| Trade debts | 44 | €454 | €661 | +€207 | +45.7% |
| Suppliers | 440/4 | €454 | €661 | +€207 | +45.7% |
| Taxes, remuneration and social security | 45 | - | €1,388 | +€1,388 | |
| Taxes | 450/3 | - | €1,388 | +€1,388 | |
| Other amounts payable | 47/48 | €25,000 | €95,000 | +€70,000 | +280% |
| Accrued charges and deferred income | 492/3 | - | €10,735 | +€10,735 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,517 | €55,798 | +€281 | +0.5% |
| Other operating charges | 640/8 | €14,075 | €14,512 | +€437 | +3.1% |
| Gross operating margin | 9900 | €129,809 | €132,515 | +€2,706 | +2.1% |
| Operating profit (loss) | 9901 | €60,217 | €62,205 | +€1,989 | +3.3% |
| Financial charges | 65/66B | €17,273 | €16,652 | -€621 | -3.6% |
| Recurring financial charges | 65 | €17,273 | €16,652 | -€621 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €42,944 | €45,553 | +€2,609 | +6.1% |
| Income taxes | 67/77 | €10,556 | €11,388 | +€832 | +7.9% |
| Profit (loss) for the period | 9904 | €32,388 | €34,165 | +€1,777 | +5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €32,388 | €34,165 | +€1,777 | +5.5% |
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 17 October 2026 via checked.be.