JOKI: 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.
JOKI
Largest movements
- Cash -€26,098
down €26,098 (-67.0%), from €38,964 to €12,866
mainly Net result for the year (-€51,549) and Debts after one year (-€4,100)
- Tangible fixed assets -€15,198
down €15,198 (-3.8%), from €395,700 to €380,501
of which Land and buildings: -€17,028
- Profit (loss) carried forward -€51,549
down €51,549 (-22.3%), from -€231,405 to -€282,954
- Trade debts +€7,033
up €7,033 (+127.6%), from €5,511 to €12,545
- Gross operating margin -€24,595
down €24,595 (-624.6%), from -€3,938 to -€28,532
- Depreciation -€3,143
down €3,143 (-14.8%), from €21,288 to €18,145
- Other operating charges -€920
down €920 (-26.6%), from €3,458 to €2,538
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 | €559,212 | €513,403 | -€45,809 | -8.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €396,450 | €381,251 | -€15,198 | -3.8% |
| Tangible fixed assets | 22/27 | €395,700 | €380,501 | -€15,198 | -3.8% |
| Land and buildings | 22 | €393,717 | €376,689 | -€17,028 | -4.3% |
| Plant, machinery and equipment | 23 | €494 | €46 | -€448 | -90.6% |
| Furniture and vehicles | 24 | €1,489 | €3,767 | +€2,278 | +153.0% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €162,763 | €132,151 | -€30,611 | -18.8% |
| Amounts receivable within one year | 40/41 | €121,952 | €118,593 | -€3,359 | -2.8% |
| Trade receivables | 40 | €96,952 | €93,581 | -€3,372 | -3.5% |
| Other amounts receivable | 41 | €25,000 | €25,012 | +€12 | 0.0% |
| Cash at bank and in hand | 54/58 | €38,964 | €12,866 | -€26,098 | -67.0% |
| Deferred charges and accrued income | 490/1 | €1,846 | €692 | -€1,154 | -62.5% |
| Total equity and liabilities | 10/49 | €559,212 | €513,403 | -€45,809 | -8.2% |
| Equity | 10/15 | -€210,945 | -€262,494 | -€51,549 | -24.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€231,405 | -€282,954 | -€51,549 | -22.3% |
| Amounts payable | 17/49 | €770,157 | €775,896 | +€5,739 | +0.7% |
| Amounts payable after more than one year | 17 | €762,994 | €758,894 | -€4,100 | -0.5% |
| Other amounts payable | 178/9 | €762,994 | €758,894 | -€4,100 | -0.5% |
| Amounts payable within one year | 42/48 | €7,163 | €17,002 | +€9,839 | +137.4% |
| Trade debts | 44 | €5,511 | €12,545 | +€7,033 | +127.6% |
| Suppliers | 440/4 | €5,511 | €12,545 | +€7,033 | +127.6% |
| Taxes, remuneration and social security | 45 | €1,652 | €4,458 | +€2,806 | +169.9% |
| Taxes | 450/3 | €1,652 | €2,401 | +€749 | +45.4% |
| Remuneration and social security | 454/9 | - | €2,056 | +€2,056 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,288 | €18,145 | -€3,143 | -14.8% |
| Other operating charges | 640/8 | €3,458 | €2,538 | -€920 | -26.6% |
| Gross operating margin | 9900 | -€3,938 | -€28,532 | -€24,595 | -624.6% |
| Operating profit (loss) | 9901 | -€28,683 | -€49,215 | -€20,532 | -71.6% |
| Financial income | 75/76B | €356 | €217 | -€140 | -39.2% |
| Recurring financial income | 75 | €356 | €217 | -€140 | -39.2% |
| Financial charges | 65/66B | €2,018 | €2,262 | +€243 | +12.1% |
| Recurring financial charges | 65 | €2,018 | €2,262 | +€243 | +12.1% |
| Profit (loss) for the period before taxes | 9903 | -€30,345 | -€51,260 | -€20,915 | -68.9% |
| Income taxes | 67/77 | €280 | €289 | +€9 | +3.1% |
| Profit (loss) for the period | 9904 | -€30,625 | -€51,549 | -€20,923 | -68.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,625 | -€51,549 | -€20,923 | -68.3% |
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 8 October 2026 via checked.be.