JOLIBAR: 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.
JOLIBAR
Largest movements
- Cash +€27,471
up €27,471 (+50.4%), from €54,524 to €81,994
mainly Net result for the year (+€120,067) and Depreciation (+€20,747)
- Tangible fixed assets -€20,747
down €20,747 (-33.1%), from €62,597 to €41,850
- Debts after one year -€56,732
down €56,732 (-28.6%), from €198,466 to €141,734
- Reserves +€53,056
up €53,056 (+12.0%), from €441,871 to €494,927
of which Distributable reserves: +€57,800
- Tax, wage and social debts +€8,024
up €8,024 (+55.6%), from €14,432 to €22,456
- Financial income +€90,000
new in 2025: €90,000
- Gross operating margin -€16,398
down €16,398 (-17.1%), from €95,678 to €79,279
- Taxes +€3,699
up €3,699 (+17.5%), from €21,135 to €24,834
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 | €722,893 | €726,253 | +€3,360 | +0.5% |
| Fixed assets | 21/28 | €658,350 | €637,603 | -€20,747 | -3.2% |
| Tangible fixed assets | 22/27 | €62,597 | €41,850 | -€20,747 | -33.1% |
| Furniture and vehicles | 24 | €62,597 | €41,850 | -€20,747 | -33.1% |
| Financial fixed assets | 28 | €595,753 | €595,753 | = | 0.0% |
| Current assets | 29/58 | €64,543 | €88,649 | +€24,107 | +37.3% |
| Amounts receivable within one year | 40/41 | €9,070 | €6,000 | -€3,070 | -33.8% |
| Trade receivables | 40 | €3,070 | - | -€3,070 | |
| Other amounts receivable | 41 | €6,000 | €6,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €54,524 | €81,994 | +€27,471 | +50.4% |
| Deferred charges and accrued income | 490/1 | €949 | €655 | -€294 | -31.0% |
| Total equity and liabilities | 10/49 | €722,893 | €726,253 | +€3,360 | +0.5% |
| Equity | 10/15 | €448,118 | €501,185 | +€53,067 | +11.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €441,871 | €494,927 | +€53,056 | +12.0% |
| Tax-exempt reserves | 132 | €14,911 | €10,167 | -€4,744 | -31.8% |
| Distributable reserves | 133 | €426,960 | €484,760 | +€57,800 | +13.5% |
| Profit (loss) carried forward | 14 | €47 | €58 | +€10 | +22.1% |
| Provisions and deferred taxes | 16 | €5,213 | €4,074 | -€1,139 | -21.8% |
| Provisions for liabilities and charges | 160/5 | €1,700 | €1,700 | = | 0.0% |
| Other liabilities and charges | 164/5 | €1,700 | €1,700 | = | 0.0% |
| Deferred taxes | 168 | €3,513 | €2,374 | -€1,139 | -32.4% |
| Amounts payable | 17/49 | €269,561 | €220,993 | -€48,568 | -18.0% |
| Amounts payable after more than one year | 17 | €198,466 | €141,734 | -€56,732 | -28.6% |
| Financial debts | 170/4 | €198,466 | €141,734 | -€56,732 | -28.6% |
| Amounts payable within one year | 42/48 | €71,095 | €79,259 | +€8,164 | +11.5% |
| Current portion of amounts payable after more than one year | 42 | €56,591 | €56,732 | +€141 | +0.2% |
| Trade debts | 44 | €21 | €35 | +€14 | +64.8% |
| Suppliers | 440/4 | €21 | €35 | +€14 | +64.8% |
| Taxes, remuneration and social security | 45 | €14,432 | €22,456 | +€8,024 | +55.6% |
| Taxes | 450/3 | €14,432 | €22,456 | +€8,024 | +55.6% |
| Other amounts payable | 47/48 | €51 | €36 | -€14 | -28.7% |
| Non-recurring operating income | 76A | - | €4,275 | +€4,275 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,747 | €20,747 | = | 0.0% |
| Other operating charges | 640/8 | €925 | €707 | -€218 | -23.5% |
| Non-recurring operating charges | 66A | €214 | €313 | +€99 | +46.3% |
| Gross operating margin | 9900 | €95,678 | €79,279 | -€16,398 | -17.1% |
| Operating profit (loss) | 9901 | €73,792 | €57,513 | -€16,280 | -22.1% |
| Financial income | 75/76B | - | €90,000 | +€90,000 | |
| Recurring financial income | 75 | - | €90,000 | +€90,000 | |
| Financial charges | 65/66B | €4,010 | €3,751 | -€259 | -6.5% |
| Recurring financial charges | 65 | €4,010 | €3,751 | -€259 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €69,782 | €143,762 | +€73,979 | +106.0% |
| Transfer from deferred taxes | 780 | €2,302 | €1,139 | -€1,163 | -50.5% |
| Income taxes | 67/77 | €21,135 | €24,834 | +€3,699 | +17.5% |
| Profit (loss) for the period | 9904 | €50,950 | €120,067 | +€69,117 | +135.7% |
| Transfer from tax-exempt reserves | 789 | €4,744 | €4,744 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €1,163 | - | -€1,163 | |
| Profit (loss) for the period to be appropriated | 9905 | €54,530 | €124,810 | +€70,280 | +128.9% |
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 12 October 2026 via checked.be.