Jointco: 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.
Jointco
Largest movements
- Receivables within one year +€1.5m
up €1.5m (+7989.0%), from €18,379 to €1.5m
of which Other amounts receivable: +€1.5m
- Profit (loss) carried forward +€4.9m
up €4.9m, from -€280,724 to €4.6m
- Contributions -€3.0m
down €3.0m (-67.3%), from €4.5m to €1.5m
- Current portion of long-term debt -€2.6m
no longer reported in 2024 (was €2.6m)
- Other debts +€2.2m
up €2.2m (+130.2%), from €1.7m to €3.9m
- Reserves +€120,727
up €120,727 (+477.7%), from €25,273 to €146,000
- Financial income +€5.0m
new in 2024: €5.0m
- Financial charges -€152,472
down €152,472 (-73.1%), from €208,495 to €56,023
- Services and other goods +€17,708
up €17,708 (+31.8%), from €55,601 to €73,309
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,626,563 | €10,098,812 | +€1.5m | +17.1% |
| Fixed assets | 21/28 | €8,591,100 | €8,591,100 | = | 0.0% |
| Financial fixed assets | 28 | €8,591,100 | €8,591,100 | = | 0.0% |
| Affiliated companies | 280/1 | €8,591,100 | €8,591,100 | = | 0.0% |
| Participating interests | 280 | €8,591,100 | €8,591,100 | = | 0.0% |
| Current assets | 29/58 | €35,463 | €1,507,712 | +€1.5m | +4151.5% |
| Amounts receivable within one year | 40/41 | €18,379 | €1,486,670 | +€1.5m | +7989.0% |
| Trade receivables | 40 | €18,150 | €18,150 | = | 0.0% |
| Other amounts receivable | 41 | €229 | €1,468,520 | +€1.5m | +641174.9% |
| Cash at bank and in hand | 54/58 | €17,084 | €21,042 | +€3,958 | +23.2% |
| Total equity and liabilities | 10/49 | €8,626,563 | €10,098,812 | +€1.5m | +17.1% |
| Equity | 10/15 | €4,204,549 | €6,207,864 | +€2.0m | +47.6% |
| Contributions | 10/11 | €4,460,000 | €1,460,000 | -€3.0m | -67.3% |
| Capital | 10 | €4,460,000 | €1,460,000 | -€3.0m | -67.3% |
| Issued capital | 100 | €4,460,000 | €1,460,000 | -€3.0m | -67.3% |
| Reserves | 13 | €25,273 | €146,000 | +€120,727 | +477.7% |
| Non-distributable reserves | 130/1 | €25,273 | €146,000 | +€120,727 | +477.7% |
| Legal reserve | 130 | €25,273 | €146,000 | +€120,727 | +477.7% |
| Profit (loss) carried forward | 14 | -€280,724 | €4,601,864 | +€4.9m | |
| Amounts payable | 17/49 | €4,422,014 | €3,890,948 | -€531,066 | -12.0% |
| Amounts payable within one year | 42/48 | €4,422,014 | €3,890,948 | -€531,066 | -12.0% |
| Current portion of amounts payable after more than one year | 42 | €2,643,611 | - | -€2.6m | |
| Trade debts | 44 | €20,532 | €2,933 | -€17,599 | -85.7% |
| Suppliers | 440/4 | €20,532 | €2,933 | -€17,599 | -85.7% |
| Taxes, remuneration and social security | 45 | €69,721 | €1,782 | -€67,939 | -97.4% |
| Taxes | 450/3 | €69,721 | €1,782 | -€67,939 | -97.4% |
| Other amounts payable | 47/48 | €1,688,150 | €3,886,233 | +€2.2m | +130.2% |
| Operating income | 70/76A | €90,000 | €133,811 | +€43,811 | +48.7% |
| Turnover | 70 | €90,000 | €90,000 | = | 0.0% |
| Non-recurring operating income | 76A | - | €43,811 | +€43,811 | |
| Operating charges | 60/66A | €56,749 | €74,473 | +€17,724 | +31.2% |
| Services and other goods | 61 | €55,601 | €73,309 | +€17,708 | +31.8% |
| Other operating charges | 640/8 | €1,148 | €1,164 | +€16 | +1.4% |
| Operating profit (loss) | 9901 | €33,251 | €59,338 | +€26,087 | +78.5% |
| Financial income | 75/76B | - | €5,000,000 | +€5.0m | |
| Recurring financial income | 75 | - | €5,000,000 | +€5.0m | |
| Income from financial fixed assets | 750 | - | €5,000,000 | +€5.0m | |
| Financial charges | 65/66B | €208,495 | €56,023 | -€152,472 | -73.1% |
| Recurring financial charges | 65 | €208,495 | €56,023 | -€152,472 | -73.1% |
| Other financial charges | 652/9 | €208,495 | €56,023 | -€152,472 | -73.1% |
| Profit (loss) for the period before taxes | 9903 | -€175,244 | €5,003,315 | +€5.2m | |
| Profit (loss) for the period | 9904 | -€175,244 | €5,003,315 | +€5.2m | |
| Profit (loss) for the period to be appropriated | 9905 | -€175,244 | €5,003,315 | +€5.2m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.