JOINT POWER: 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.
JOINT POWER
Largest movements
- Receivables within one year -€1,711
down €1,711 (-5.9%), from €29,065 to €27,354
of which Trade receivables: -€2,182
- Other debts -€19,440
down €19,440 (-28.0%), from €69,536 to €50,096
- Trade debts +€10,888
up €10,888 (+573.8%), from €1,898 to €12,785
- Profit (loss) carried forward +€7,698
up €7,698 (+4.3%), from -€179,396 to -€171,698
- Tax, wage and social debts -€949
no longer reported in 2025 (was €949)
- Gross operating margin +€912
up €912 (+11.5%), from €7,964 to €8,876
- Other operating charges +€406
up €406 (+89.5%), from €454 to €859
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 | €29,390 | €27,586 | -€1,803 | -6.1% |
| Fixed assets | 21/28 | €129 | €129 | = | 0.0% |
| Financial fixed assets | 28 | €129 | €129 | = | 0.0% |
| Current assets | 29/58 | €29,261 | €27,458 | -€1,803 | -6.2% |
| Amounts receivable within one year | 40/41 | €29,065 | €27,354 | -€1,711 | -5.9% |
| Trade receivables | 40 | €28,981 | €26,799 | -€2,182 | -7.5% |
| Other amounts receivable | 41 | €84 | €555 | +€471 | +564.3% |
| Cash at bank and in hand | 54/58 | €196 | €103 | -€93 | -47.2% |
| Total equity and liabilities | 10/49 | €29,390 | €27,586 | -€1,803 | -6.1% |
| Equity | 10/15 | -€164,473 | -€156,775 | +€7,698 | +4.7% |
| Contributions | 10/11 | €14,923 | €14,923 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€179,396 | -€171,698 | +€7,698 | +4.3% |
| Amounts payable | 17/49 | €193,862 | €184,361 | -€9,501 | -4.9% |
| Amounts payable after more than one year | 17 | €121,480 | €121,480 | = | 0.0% |
| Other amounts payable | 178/9 | €121,480 | €121,480 | = | 0.0% |
| Amounts payable within one year | 42/48 | €72,382 | €62,881 | -€9,501 | -13.1% |
| Trade debts | 44 | €1,898 | €12,785 | +€10,888 | +573.8% |
| Suppliers | 440/4 | €1,898 | €12,785 | +€10,888 | +573.8% |
| Taxes, remuneration and social security | 45 | €949 | - | -€949 | |
| Taxes | 450/3 | €949 | - | -€949 | |
| Other amounts payable | 47/48 | €69,536 | €50,096 | -€19,440 | -28.0% |
| Other operating charges | 640/8 | €454 | €859 | +€406 | +89.5% |
| Gross operating margin | 9900 | €7,964 | €8,876 | +€912 | +11.5% |
| Operating profit (loss) | 9901 | €7,511 | €8,017 | +€506 | +6.7% |
| Financial charges | 65/66B | €283 | €319 | +€36 | +12.7% |
| Recurring financial charges | 65 | €283 | €319 | +€36 | +12.7% |
| Profit (loss) for the period before taxes | 9903 | €7,227 | €7,698 | +€470 | +6.5% |
| Profit (loss) for the period | 9904 | €7,227 | €7,698 | +€470 | +6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €7,227 | €7,698 | +€470 | +6.5% |
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.