JOLESO: 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.
JOLESO
Largest movements
- Receivables within one year -€30,143
down €30,143 (-9.9%), from €305,524 to €275,381
of which Other amounts receivable: -€29,738
- Tangible fixed assets -€12,154
down €12,154 (-3.9%), from €313,263 to €301,109
- Cash -€9,314
down €9,314 (-28.6%), from €32,604 to €23,290
mainly Contributions, distributions and other (-€160,976) and Debts after one year (-€23,097)
- Reserves -€28,557
down €28,557 (-8.6%), from €333,852 to €305,294
- Debts after one year -€23,097
down €23,097 (-9.1%), from €252,912 to €229,814
- Short-term financial debts +€16,882
up €16,882 (+103%), from €16,440 to €33,323
- Other debts -€9,500
down €9,500 (-16.0%), from €59,500 to €50,000
- Tax, wage and social debts -€8,508
down €8,508 (-16.6%), from €51,125 to €42,616
of which Taxes: -€6,193
- Gross operating margin -€6,424
down €6,424 (-3.0%), from €210,982 to €204,558
- Taxes -€2,814
down €2,814 (-6.1%), from €46,385 to €43,571
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 | €791,336 | €738,204 | -€53,132 | -6.7% |
| Fixed assets | 21/28 | €448,263 | €436,109 | -€12,154 | -2.7% |
| Tangible fixed assets | 22/27 | €313,263 | €301,109 | -€12,154 | -3.9% |
| Land and buildings | 22 | €276,876 | €271,550 | -€5,326 | -1.9% |
| Plant, machinery and equipment | 23 | €745 | €1,359 | +€615 | +82.6% |
| Furniture and vehicles | 24 | €3,819 | €417 | -€3,402 | -89.1% |
| Leasing and similar rights | 25 | €16,948 | €15,644 | -€1,304 | -7.7% |
| Other tangible fixed assets | 26 | €14,876 | €12,139 | -€2,737 | -18.4% |
| Financial fixed assets | 28 | €135,000 | €135,000 | = | 0.0% |
| Current assets | 29/58 | €343,073 | €302,095 | -€40,979 | -11.9% |
| Stocks and contracts in progress | 3 | €3,880 | €3,178 | -€701 | -18.1% |
| Stocks | 30/36 | €3,880 | €3,178 | -€701 | -18.1% |
| Amounts receivable within one year | 40/41 | €305,524 | €275,381 | -€30,143 | -9.9% |
| Trade receivables | 40 | €250,970 | €250,565 | -€405 | -0.2% |
| Other amounts receivable | 41 | €54,554 | €24,816 | -€29,738 | -54.5% |
| Cash at bank and in hand | 54/58 | €32,604 | €23,290 | -€9,314 | -28.6% |
| Deferred charges and accrued income | 490/1 | €1,066 | €246 | -€820 | -77.0% |
| Total equity and liabilities | 10/49 | €791,336 | €738,204 | -€53,132 | -6.7% |
| Equity | 10/15 | €352,452 | €323,894 | -€28,557 | -8.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €333,852 | €305,294 | -€28,557 | -8.6% |
| Distributable reserves | 133 | €333,852 | €305,294 | -€28,557 | -8.6% |
| Amounts payable | 17/49 | €438,884 | €414,310 | -€24,575 | -5.6% |
| Amounts payable after more than one year | 17 | €252,912 | €229,814 | -€23,097 | -9.1% |
| Financial debts | 170/4 | €252,912 | €229,814 | -€23,097 | -9.1% |
| Amounts payable within one year | 42/48 | €185,973 | €184,495 | -€1,477 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €24,738 | €23,097 | -€1,641 | -6.6% |
| Financial debts | 43 | €16,440 | €33,323 | +€16,882 | +103% |
| Credit institutions | 430/8 | €16,440 | €33,323 | +€16,882 | +103% |
| Trade debts | 44 | €32,770 | €32,488 | -€282 | -0.9% |
| Suppliers | 440/4 | €32,770 | €32,488 | -€282 | -0.9% |
| Advances received on contracts in progress | 46 | €1,400 | €2,971 | +€1,571 | +112% |
| Taxes, remuneration and social security | 45 | €51,125 | €42,616 | -€8,508 | -16.6% |
| Taxes | 450/3 | €48,810 | €42,616 | -€6,193 | -12.7% |
| Remuneration and social security | 454/9 | €2,315 | - | -€2,315 | |
| Other amounts payable | 47/48 | €59,500 | €50,000 | -€9,500 | -16.0% |
| Non-recurring operating income | 76A | - | €4,000 | +€4,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,975 | €15,441 | -€533 | -3.3% |
| Other operating charges | 640/8 | €4,042 | €3,247 | -€795 | -19.7% |
| Non-recurring operating charges | 66A | - | €75 | +€75 | |
| Gross operating margin | 9900 | €210,982 | €204,558 | -€6,424 | -3.0% |
| Operating profit (loss) | 9901 | €190,965 | €185,795 | -€5,170 | -2.7% |
| Financial income | 75/76B | €1 | €5 | +€3 | +247% |
| Recurring financial income | 75 | €1 | €5 | +€3 | +247% |
| Financial charges | 65/66B | €9,615 | €9,811 | +€196 | +2.0% |
| Recurring financial charges | 65 | €9,615 | €9,811 | +€196 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €181,352 | €175,989 | -€5,363 | -3.0% |
| Income taxes | 67/77 | €46,385 | €43,571 | -€2,814 | -6.1% |
| Profit (loss) for the period | 9904 | €134,967 | €132,418 | -€2,549 | -1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €134,967 | €132,418 | -€2,549 | -1.9% |
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 29 October 2026 via checked.be.