JOLI: 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.
JOLI
Largest movements
- Cash +€79,605
up €79,605 (+257.6%), from €30,904 to €110,509
mainly Net result for the year (+€77,595) and Depreciation (+€27,645)
- Current investments +€25,000
up €25,000 (+4.5%), from €550,000 to €575,000
- Tangible fixed assets -€10,856
down €10,856 (-3.1%), from €347,577 to €336,721
- Reserves +€41,683
up €41,683 (+140.1%), from €29,747 to €71,431
of which Distributable reserves: +€39,599
- Profit (loss) carried forward +€35,912
up €35,912, from -€35,912 to €0
- Accrued charges and deferred income +€16,938
up €16,938 (+94.1%), from €18,000 to €34,938
- Gross operating margin +€78,715
up €78,715 (+114.3%), from €68,854 to €147,568
- Taxes +€7,358
up €7,358, from €0 to €7,358
- Financial income -€3,594
down €3,594 (-25.9%), from €13,879 to €10,285
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 | €937,774 | €1,031,574 | +€93,800 | +10.0% |
| Fixed assets | 21/28 | €347,577 | €336,721 | -€10,856 | -3.1% |
| Tangible fixed assets | 22/27 | €347,577 | €336,721 | -€10,856 | -3.1% |
| Land and buildings | 22 | €347,577 | €336,721 | -€10,856 | -3.1% |
| Current assets | 29/58 | €590,197 | €694,854 | +€104,656 | +17.7% |
| Amounts receivable within one year | 40/41 | €2,470 | €2,543 | +€74 | +3.0% |
| Trade receivables | 40 | €2,237 | €221 | -€2,016 | -90.1% |
| Other amounts receivable | 41 | €233 | €2,323 | +€2,090 | +896.7% |
| Current investments | 50/53 | €550,000 | €575,000 | +€25,000 | +4.5% |
| Cash at bank and in hand | 54/58 | €30,904 | €110,509 | +€79,605 | +257.6% |
| Deferred charges and accrued income | 490/1 | €6,824 | €6,802 | -€22 | -0.3% |
| Total equity and liabilities | 10/49 | €937,774 | €1,031,574 | +€93,800 | +10.0% |
| Equity | 10/15 | €443,835 | €521,431 | +€77,595 | +17.5% |
| Contributions | 10/11 | €450,000 | €450,000 | = | 0.0% |
| Capital | 10 | €450,000 | €450,000 | = | 0.0% |
| Issued capital | 100 | €450,000 | €450,000 | = | 0.0% |
| Reserves | 13 | €29,747 | €71,431 | +€41,683 | +140.1% |
| Non-distributable reserves | 130/1 | €29,747 | €31,831 | +€2,084 | +7.0% |
| Legal reserve | 130 | €29,747 | €31,831 | +€2,084 | +7.0% |
| Distributable reserves | 133 | - | €39,599 | +€39,599 | |
| Profit (loss) carried forward | 14 | -€35,912 | €0 | +€35,912 | |
| Amounts payable | 17/49 | €493,939 | €510,144 | +€16,205 | +3.3% |
| Amounts payable after more than one year | 17 | €475,000 | €475,000 | = | 0.0% |
| Other amounts payable | 178/9 | €475,000 | €475,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €939 | €206 | -€733 | -78.1% |
| Trade debts | 44 | €733 | €0 | -€733 | -100.0% |
| Suppliers | 440/4 | €733 | €0 | -€733 | -100.0% |
| Other amounts payable | 47/48 | €206 | €206 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €18,000 | €34,938 | +€16,938 | +94.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,178 | €27,645 | +€468 | +1.7% |
| Other operating charges | 640/8 | €26,247 | €27,064 | +€818 | +3.1% |
| Gross operating margin | 9900 | €68,854 | €147,568 | +€78,715 | +114.3% |
| Operating profit (loss) | 9901 | €15,429 | €92,859 | +€77,429 | +501.8% |
| Financial income | 75/76B | €13,879 | €10,285 | -€3,594 | -25.9% |
| Recurring financial income | 75 | €13,879 | €10,285 | -€3,594 | -25.9% |
| Financial charges | 65/66B | €18,093 | €18,190 | +€97 | +0.5% |
| Recurring financial charges | 65 | €18,093 | €18,190 | +€97 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | €11,215 | €84,954 | +€73,738 | +657.5% |
| Income taxes | 67/77 | €0 | €7,358 | +€7,358 | |
| Profit (loss) for the period | 9904 | €11,215 | €77,595 | +€66,380 | +591.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,215 | €77,595 | +€66,380 | +591.9% |
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 4 October 2026 via checked.be.