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
- Cash -€113,913
down €113,913 (-99.1%), from €114,983 to €1,071
mainly Receivables within one year (-€78,708) and Contributions, distributions and other (-€58,501)
- Receivables within one year +€78,708
up €78,708 (+96.7%), from €81,415 to €160,124
of which Trade receivables: +€72,409
- Tangible fixed assets -€26,814
down €26,814 (-6.4%), from €418,554 to €391,741
of which Land and buildings: -€19,739
- Reserves -€48,386
down €48,386 (-8.5%), from €572,151 to €523,765
- Tax, wage and social debts -€14,088
down €14,088 (-78.5%), from €17,936 to €3,848
of which Taxes: -€15,963
- Gross operating margin -€12,818
down €12,818 (-18.4%), from €69,812 to €56,994
- Depreciation +€10,102
up €10,102 (+35.8%), from €28,240 to €38,343
- Taxes -€6,300
down €6,300 (-57.8%), from €10,891 to €4,592
- Other operating charges -€2,486
down €2,486 (-39.7%), from €6,263 to €3,777
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 | €618,579 | €553,092 | -€65,487 | -10.6% |
| Fixed assets | 21/28 | €418,554 | €391,741 | -€26,814 | -6.4% |
| Tangible fixed assets | 22/27 | €418,554 | €391,741 | -€26,814 | -6.4% |
| Land and buildings | 22 | €362,807 | €343,068 | -€19,739 | -5.4% |
| Plant, machinery and equipment | 23 | €1,181 | €1,985 | +€805 | +68.2% |
| Furniture and vehicles | 24 | €54,567 | €46,687 | -€7,880 | -14.4% |
| Current assets | 29/58 | €200,025 | €161,352 | -€38,673 | -19.3% |
| Amounts receivable within one year | 40/41 | €81,415 | €160,124 | +€78,708 | +96.7% |
| Trade receivables | 40 | €77,306 | €149,715 | +€72,409 | +93.7% |
| Other amounts receivable | 41 | €4,109 | €10,408 | +€6,300 | +153.3% |
| Cash at bank and in hand | 54/58 | €114,983 | €1,071 | -€113,913 | -99.1% |
| Deferred charges and accrued income | 490/1 | €3,626 | €158 | -€3,469 | -95.7% |
| Total equity and liabilities | 10/49 | €618,579 | €553,092 | -€65,487 | -10.6% |
| Equity | 10/15 | €590,751 | €542,365 | -€48,386 | -8.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €572,151 | €523,765 | -€48,386 | -8.5% |
| Distributable reserves | 133 | €572,151 | €523,765 | -€48,386 | -8.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €27,828 | €10,727 | -€17,101 | -61.5% |
| Amounts payable within one year | 42/48 | €27,711 | €10,461 | -€17,250 | -62.2% |
| Trade debts | 44 | €4,036 | €4,063 | +€26 | +0.7% |
| Suppliers | 440/4 | €4,036 | €4,063 | +€26 | +0.7% |
| Taxes, remuneration and social security | 45 | €17,936 | €3,848 | -€14,088 | -78.5% |
| Taxes | 450/3 | €17,936 | €1,973 | -€15,963 | -89.0% |
| Remuneration and social security | 454/9 | €0 | €1,875 | +€1,875 | |
| Other amounts payable | 47/48 | €5,739 | €2,551 | -€3,188 | -55.6% |
| Accrued charges and deferred income | 492/3 | €117 | €266 | +€149 | +127.3% |
| Non-recurring operating income | 76A | €993 | €0 | -€993 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,240 | €38,343 | +€10,102 | +35.8% |
| Other operating charges | 640/8 | €6,263 | €3,777 | -€2,486 | -39.7% |
| Gross operating margin | 9900 | €69,812 | €56,994 | -€12,818 | -18.4% |
| Operating profit (loss) | 9901 | €35,309 | €14,874 | -€20,434 | -57.9% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €144 | €167 | +€24 | +16.4% |
| Recurring financial charges | 65 | €144 | €167 | +€24 | +16.4% |
| Profit (loss) for the period before taxes | 9903 | €35,166 | €14,707 | -€20,459 | -58.2% |
| Income taxes | 67/77 | €10,891 | €4,592 | -€6,300 | -57.8% |
| Profit (loss) for the period | 9904 | €24,274 | €10,115 | -€14,159 | -58.3% |
| Profit (loss) for the period to be appropriated | 9905 | €24,274 | €10,115 | -€14,159 | -58.3% |
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 11 October 2026 via checked.be.