JOkwadraat: 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.
JOkwadraat
Largest movements
- Receivables within one year -€17,675
down €17,675 (-74.7%), from €23,654 to €5,980
of which Other amounts receivable: -€9,364
- Tangible fixed assets +€5,072
up €5,072 (+234%), from €2,167 to €7,239
of which Plant, machinery and equipment: +€5,543
- Receivables after one year +€1,700
new in 2025: €1,700
- Cash -€589
down €589 (-74.7%), from €789 to €200
mainly Net result for the year (-€10,535) and Investment in fixed assets (net) (-€6,305)
- Profit (loss) carried forward -€10,535
down €10,535 (-57.2%), from €18,427 to €7,892
- Tax, wage and social debts -€1,749
no longer reported in 2025 (was €1,749)
- Trade debts +€722
up €722 (+18.4%), from €3,934 to €4,656
- Gross operating margin -€25,838
down €25,838, from €24,614 to -€1,224
- Write-downs +€8,050
new in 2025: €8,050
- Taxes -€4,721
no longer reported in 2025 (was €4,721)
- Other operating charges -€321
no longer reported in 2025 (was €321)
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 | €26,610 | €15,119 | -€11,492 | -43.2% |
| Fixed assets | 21/28 | €2,167 | €7,239 | +€5,072 | +234% |
| Tangible fixed assets | 22/27 | €2,167 | €7,239 | +€5,072 | +234% |
| Plant, machinery and equipment | 23 | - | €5,543 | +€5,543 | |
| Furniture and vehicles | 24 | €2,167 | €1,696 | -€471 | -21.7% |
| Current assets | 29/58 | €24,444 | €7,880 | -€16,564 | -67.8% |
| Amounts receivable after more than one year | 29 | - | €1,700 | +€1,700 | |
| Other amounts receivable | 291 | - | €1,700 | +€1,700 | |
| Amounts receivable within one year | 40/41 | €23,654 | €5,980 | -€17,675 | -74.7% |
| Trade receivables | 40 | €13,085 | €4,774 | -€8,311 | -63.5% |
| Other amounts receivable | 41 | €10,569 | €1,206 | -€9,364 | -88.6% |
| Cash at bank and in hand | 54/58 | €789 | €200 | -€589 | -74.7% |
| Total equity and liabilities | 10/49 | €26,610 | €15,119 | -€11,492 | -43.2% |
| Equity | 10/15 | €20,927 | €10,392 | -€10,535 | -50.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,427 | €7,892 | -€10,535 | -57.2% |
| Amounts payable | 17/49 | €5,683 | €4,727 | -€956 | -16.8% |
| Amounts payable within one year | 42/48 | €5,683 | €4,727 | -€956 | -16.8% |
| Trade debts | 44 | €3,934 | €4,656 | +€722 | +18.4% |
| Suppliers | 440/4 | €3,934 | €4,656 | +€722 | +18.4% |
| Taxes, remuneration and social security | 45 | €1,749 | - | -€1,749 | |
| Taxes | 450/3 | €1,749 | - | -€1,749 | |
| Other amounts payable | 47/48 | - | €71 | +€71 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,083 | €1,233 | +€150 | +13.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €8,050 | +€8,050 | |
| Other operating charges | 640/8 | €321 | - | -€321 | |
| Gross operating margin | 9900 | €24,614 | -€1,224 | -€25,838 | |
| Operating profit (loss) | 9901 | €23,210 | -€10,507 | -€33,717 | |
| Financial income | 75/76B | - | €38 | +€38 | |
| Recurring financial income | 75 | - | €38 | +€38 | |
| Financial charges | 65/66B | €62 | €66 | +€4 | +6.2% |
| Recurring financial charges | 65 | €62 | €66 | +€4 | +6.2% |
| Profit (loss) for the period before taxes | 9903 | €23,148 | -€10,535 | -€33,683 | |
| Income taxes | 67/77 | €4,721 | - | -€4,721 | |
| Profit (loss) for the period | 9904 | €18,427 | -€10,535 | -€28,962 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,427 | -€10,535 | -€28,962 |
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 25 October 2026 via checked.be.