JOKE VM: 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.
JOKE VM
Largest movements
- Receivables within one year -€126,538
down €126,538 (-61.5%), from €205,699 to €79,161
of which Trade receivables: -€126,267
- Cash -€3,663
down €3,663 (-6.7%), from €54,399 to €50,736
mainly Trade debts (-€118,066) and Net result for the year (-€10,827)
- Trade debts -€118,066
down €118,066 (-51.9%), from €227,281 to €109,215
- Profit (loss) carried forward -€10,827
down €10,827 (-26.0%), from -€41,571 to -€52,398
- Turnover -€885,656
no longer reported in 2025 (was €885,656)
- Purchases and services -€572,849
no longer reported in 2025 (was €572,849)
- Gross operating margin -€279,728
down €279,728 (-89.3%), from €313,388 to €33,660
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 | €260,833 | €130,263 | -€130,570 | -50.1% |
| Fixed assets | 21/28 | €735 | €365 | -€370 | -50.3% |
| Tangible fixed assets | 22/27 | €735 | €365 | -€370 | -50.3% |
| Plant, machinery and equipment | 23 | €735 | €365 | -€370 | -50.3% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €260,098 | €129,898 | -€130,201 | -50.1% |
| Amounts receivable within one year | 40/41 | €205,699 | €79,161 | -€126,538 | -61.5% |
| Trade receivables | 40 | €140,598 | €14,331 | -€126,267 | -89.8% |
| Other amounts receivable | 41 | €65,101 | €64,830 | -€271 | -0.4% |
| Cash at bank and in hand | 54/58 | €54,399 | €50,736 | -€3,663 | -6.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €260,833 | €130,263 | -€130,570 | -50.1% |
| Equity | 10/15 | €343 | -€10,484 | -€10,827 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €23,314 | €23,314 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €21,454 | €21,454 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,571 | -€52,398 | -€10,827 | -26.0% |
| Amounts payable | 17/49 | €260,490 | €140,746 | -€119,744 | -46.0% |
| Amounts payable within one year | 42/48 | €260,490 | €140,746 | -€119,744 | -46.0% |
| Trade debts | 44 | €227,281 | €109,215 | -€118,066 | -51.9% |
| Suppliers | 440/4 | €227,281 | €109,215 | -€118,066 | -51.9% |
| Taxes, remuneration and social security | 45 | €9,245 | €6,950 | -€2,296 | -24.8% |
| Taxes | 450/3 | €6,750 | €2,179 | -€4,571 | -67.7% |
| Remuneration and social security | 454/9 | €2,495 | €4,770 | +€2,275 | +91.2% |
| Other amounts payable | 47/48 | €23,964 | €24,582 | +€618 | +2.6% |
| Turnover | 70 | €885,656 | - | -€885,656 | |
| Goods, raw materials, services and sundry goods | 60/61 | €572,849 | - | -€572,849 | |
| Remuneration, social security and pensions | 62 | €21,449 | €23,339 | +€1,890 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €603 | €370 | -€233 | -38.6% |
| Other operating charges | 640/8 | €797 | €628 | -€169 | -21.2% |
| Non-recurring operating charges | 66A | - | €16,645 | +€16,645 | |
| Gross operating margin | 9900 | €313,388 | €33,660 | -€279,728 | -89.3% |
| Operating profit (loss) | 9901 | €290,538 | -€7,323 | -€297,861 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -80.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -80.0% |
| Financial charges | 65/66B | €1,821 | €1,324 | -€497 | -27.3% |
| Recurring financial charges | 65 | €1,502 | €1,324 | -€178 | -11.8% |
| Non-recurring financial charges | 66B | €319 | €0 | -€319 | -100% |
| Profit (loss) for the period before taxes | 9903 | €288,717 | -€8,647 | -€297,364 | |
| Income taxes | 67/77 | €6,750 | €2,179 | -€4,571 | -67.7% |
| Profit (loss) for the period | 9904 | €281,967 | -€10,827 | -€292,794 | |
| Profit (loss) for the period to be appropriated | 9905 | €281,967 | -€10,827 | -€292,794 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.