JOLI: 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.
JOLI
Largest movements
- Tangible fixed assets -€130,206
down €130,206 (-23.2%), from €562,072 to €431,865
of which Land and buildings: -€129,264
- Current investments +€48,442
up €48,442 (+11.4%), from €425,092 to €473,534
- Receivables within one year -€17,654
down €17,654 (-97.7%), from €18,075 to €421
of which Trade receivables: -€17,654
- Tax, wage and social debts -€113,490
down €113,490 (-95.1%), from €119,331 to €5,841
of which Taxes: -€113,490
- Reserves +€94,900
up €94,900 (+25.7%), from €368,869 to €463,769
of which Distributable reserves: +€94,900
- Other debts -€77,367
down €77,367 (-91.2%), from €84,803 to €7,437
- Current portion of long-term debt +€20,765
up €20,765 (+121.9%), from €17,038 to €37,803
- Debts after one year -€17,386
down €17,386 (-12.2%), from €142,742 to €125,355
- Gross operating margin -€275,237
down €275,237 (-62.7%), from €438,883 to €163,647
- Taxes -€75,636
down €75,636 (-63.9%), from €118,282 to €42,646
- Financial income +€10,667
up €10,667 (+17124.6%), from €62 to €10,729
- Depreciation -€7,465
down €7,465 (-25.5%), from €29,329 to €21,865
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 | €1,010,665 | €917,324 | -€93,341 | -9.2% |
| Fixed assets | 21/28 | €562,072 | €431,865 | -€130,206 | -23.2% |
| Tangible fixed assets | 22/27 | €562,072 | €431,865 | -€130,206 | -23.2% |
| Land and buildings | 22 | €557,855 | €428,591 | -€129,264 | -23.2% |
| Plant, machinery and equipment | 23 | €3,352 | €2,652 | -€700 | -20.9% |
| Furniture and vehicles | 24 | €865 | €622 | -€243 | -28.1% |
| Current assets | 29/58 | €448,593 | €485,459 | +€36,866 | +8.2% |
| Amounts receivable within one year | 40/41 | €18,075 | €421 | -€17,654 | -97.7% |
| Trade receivables | 40 | €17,654 | - | -€17,654 | |
| Other amounts receivable | 41 | €421 | €421 | = | 0.0% |
| Current investments | 50/53 | €425,092 | €473,534 | +€48,442 | +11.4% |
| Cash at bank and in hand | 54/58 | - | €7,876 | +€7,876 | |
| Deferred charges and accrued income | 490/1 | €5,425 | €3,627 | -€1,798 | -33.1% |
| Total equity and liabilities | 10/49 | €1,010,665 | €917,324 | -€93,341 | -9.2% |
| Equity | 10/15 | €641,871 | €736,852 | +€94,981 | +14.8% |
| Contributions | 10/11 | €272,683 | €272,683 | = | 0.0% |
| Capital | 10 | €272,683 | €272,683 | = | 0.0% |
| Issued capital | 100 | €272,683 | €272,683 | = | 0.0% |
| Reserves | 13 | €368,869 | €463,769 | +€94,900 | +25.7% |
| Non-distributable reserves | 130/1 | €27,268 | €27,268 | = | 0.0% |
| Legal reserve | 130 | €27,268 | €27,268 | = | 0.0% |
| Tax-exempt reserves | 132 | €29,901 | €29,901 | = | 0.0% |
| Distributable reserves | 133 | €311,700 | €406,600 | +€94,900 | +30.4% |
| Profit (loss) carried forward | 14 | €319 | €400 | +€81 | +25.5% |
| Amounts payable | 17/49 | €368,794 | €180,472 | -€188,322 | -51.1% |
| Amounts payable after more than one year | 17 | €142,742 | €125,355 | -€17,386 | -12.2% |
| Financial debts | 170/4 | €142,742 | €125,355 | -€17,386 | -12.2% |
| Amounts payable within one year | 42/48 | €226,052 | €55,116 | -€170,936 | -75.6% |
| Current portion of amounts payable after more than one year | 42 | €17,038 | €37,803 | +€20,765 | +121.9% |
| Financial debts | 43 | €1,355 | - | -€1,355 | |
| Credit institutions | 430/8 | €1,355 | - | -€1,355 | |
| Trade debts | 44 | €3,525 | €4,035 | +€510 | +14.5% |
| Suppliers | 440/4 | €3,525 | €4,035 | +€510 | +14.5% |
| Taxes, remuneration and social security | 45 | €119,331 | €5,841 | -€113,490 | -95.1% |
| Taxes | 450/3 | €118,265 | €4,776 | -€113,490 | -96.0% |
| Remuneration and social security | 454/9 | €1,066 | €1,066 | = | 0.0% |
| Other amounts payable | 47/48 | €84,803 | €7,437 | -€77,367 | -91.2% |
| Non-recurring operating income | 76A | €405,122 | €142,718 | -€262,404 | -64.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,329 | €21,865 | -€7,465 | -25.5% |
| Other operating charges | 640/8 | €8,332 | €8,220 | -€112 | -1.3% |
| Gross operating margin | 9900 | €438,883 | €163,647 | -€275,237 | -62.7% |
| Operating profit (loss) | 9901 | €401,222 | €133,562 | -€267,660 | -66.7% |
| Financial income | 75/76B | €62 | €10,729 | +€10,667 | +17124.6% |
| Recurring financial income | 75 | €62 | €10,729 | +€10,667 | +17124.6% |
| Financial charges | 65/66B | €3,566 | €6,663 | +€3,098 | +86.9% |
| Recurring financial charges | 65 | €3,566 | €6,663 | +€3,098 | +86.9% |
| Profit (loss) for the period before taxes | 9903 | €397,718 | €137,628 | -€260,091 | -65.4% |
| Income taxes | 67/77 | €118,282 | €42,646 | -€75,636 | -63.9% |
| Profit (loss) for the period | 9904 | €279,436 | €94,981 | -€184,455 | -66.0% |
| Profit (loss) for the period to be appropriated | 9905 | €279,436 | €94,981 | -€184,455 | -66.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.