JOLEBA: 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.
JOLEBA
Largest movements
- Receivables within one year +€102,246
up €102,246 (+49.9%), from €204,908 to €307,153
of which Other amounts receivable: +€104,755
- Cash -€57,935
down €57,935 (-82.8%), from €70,004 to €12,068
mainly Receivables within one year (-€102,246) and Investment in fixed assets (net) (-€47,251)
- Deferred charges and accrued income -€28,915
down €28,915 (-93.2%), from €31,019 to €2,104
- Reserves +€34,293
up €34,293 (+4.1%), from €834,583 to €868,876
of which Distributable reserves: +€43,143
- Debts after one year -€25,838
down €25,838 (-11.1%), from €233,382 to €207,544
- Gross operating margin -€8,850
down €8,850 (-6.4%), from €137,988 to €129,138
- Depreciation -€7,384
down €7,384 (-11.9%), from €62,196 to €54,812
- Financial charges -€3,414
down €3,414 (-11.1%), from €30,797 to €27,383
- Financial income +€1,858
up €1,858 (+23.0%), from €8,075 to €9,933
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 | €1,586,795 | €1,594,628 | +€7,833 | +0.5% |
| Fixed assets | 21/28 | €1,280,864 | €1,273,303 | -€7,562 | -0.6% |
| Tangible fixed assets | 22/27 | €1,265,864 | €1,258,303 | -€7,562 | -0.6% |
| Land and buildings | 22 | €1,225,230 | €1,228,492 | +€3,262 | +0.3% |
| Plant, machinery and equipment | 23 | €5,679 | €2,309 | -€3,370 | -59.3% |
| Furniture and vehicles | 24 | €34,956 | €27,502 | -€7,454 | -21.3% |
| Financial fixed assets | 28 | €15,000 | €15,000 | = | 0.0% |
| Current assets | 29/58 | €305,930 | €321,325 | +€15,395 | +5.0% |
| Amounts receivable within one year | 40/41 | €204,908 | €307,153 | +€102,246 | +49.9% |
| Trade receivables | 40 | €2,859 | €350 | -€2,509 | -87.8% |
| Other amounts receivable | 41 | €202,048 | €306,803 | +€104,755 | +51.8% |
| Cash at bank and in hand | 54/58 | €70,004 | €12,068 | -€57,935 | -82.8% |
| Deferred charges and accrued income | 490/1 | €31,019 | €2,104 | -€28,915 | -93.2% |
| Total equity and liabilities | 10/49 | €1,586,795 | €1,594,628 | +€7,833 | +0.5% |
| Equity | 10/15 | €955,539 | €989,832 | +€34,293 | +3.6% |
| Contributions | 10/11 | €37,500 | €37,500 | = | 0.0% |
| Revaluation surpluses | 12 | €83,456 | €83,456 | = | 0.0% |
| Reserves | 13 | €834,583 | €868,876 | +€34,293 | +4.1% |
| Tax-exempt reserves | 132 | €259,600 | €250,750 | -€8,850 | -3.4% |
| Distributable reserves | 133 | €574,983 | €618,125 | +€43,143 | +7.5% |
| Provisions and deferred taxes | 16 | €86,533 | €83,583 | -€2,950 | -3.4% |
| Deferred taxes | 168 | €86,533 | €83,583 | -€2,950 | -3.4% |
| Amounts payable | 17/49 | €544,722 | €521,213 | -€23,509 | -4.3% |
| Amounts payable after more than one year | 17 | €233,382 | €207,544 | -€25,838 | -11.1% |
| Financial debts | 170/4 | €233,382 | €207,544 | -€25,838 | -11.1% |
| Amounts payable within one year | 42/48 | €310,059 | €312,388 | +€2,329 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €28,895 | €25,838 | -€3,058 | -10.6% |
| Trade debts | 44 | €7,362 | €5,698 | -€1,664 | -22.6% |
| Suppliers | 440/4 | €7,362 | €5,698 | -€1,664 | -22.6% |
| Taxes, remuneration and social security | 45 | €3,770 | €5,976 | +€2,206 | +58.5% |
| Taxes | 450/3 | €3,770 | €5,976 | +€2,206 | +58.5% |
| Other amounts payable | 47/48 | €270,032 | €274,876 | +€4,844 | +1.8% |
| Accrued charges and deferred income | 492/3 | €1,280 | €1,280 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,196 | €54,812 | -€7,384 | -11.9% |
| Other operating charges | 640/8 | €10,779 | €11,056 | +€277 | +2.6% |
| Gross operating margin | 9900 | €137,988 | €129,138 | -€8,850 | -6.4% |
| Operating profit (loss) | 9901 | €65,012 | €63,270 | -€1,742 | -2.7% |
| Financial income | 75/76B | €8,075 | €9,933 | +€1,858 | +23.0% |
| Recurring financial income | 75 | €8,075 | €9,933 | +€1,858 | +23.0% |
| Financial charges | 65/66B | €30,797 | €27,383 | -€3,414 | -11.1% |
| Recurring financial charges | 65 | €30,797 | €27,383 | -€3,414 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €42,290 | €45,820 | +€3,530 | +8.3% |
| Transfer from deferred taxes | 780 | €2,950 | €2,950 | = | 0.0% |
| Income taxes | 67/77 | €15,067 | €14,477 | -€590 | -3.9% |
| Profit (loss) for the period | 9904 | €30,173 | €34,293 | +€4,120 | +13.7% |
| Transfer from tax-exempt reserves | 789 | €8,850 | €8,850 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €39,023 | €43,143 | +€4,120 | +10.6% |
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 2 October 2026 via checked.be.