JOLIEN: 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.
JOLIEN
Largest movements
- Tangible fixed assets +€559,955
up €559,955 (+66.3%), from €844,887 to €1.4m
of which Land and buildings: +€506,004
- Cash -€93,227
down €93,227 (-30.0%), from €310,908 to €217,681
mainly Investment in fixed assets (net) (-€759,979) and Tax, wage and social debts (-€39,572)
- Reserves +€166,170
up €166,170 (+29.5%), from €562,864 to €729,034
- Debts after one year +€131,979
up €131,979 (+30.4%), from €433,566 to €565,545
of which Other amounts payable: +€228,098
- Current portion of long-term debt +€99,092
up €99,092 (+89.2%), from €111,078 to €210,169
- Other debts +€94,743
up €94,743 (+40.4%), from €234,519 to €329,262
- Tax, wage and social debts -€39,572
down €39,572 (-93.2%), from €42,443 to €2,871
- Gross operating margin +€115,476
up €115,476 (+29.7%), from €388,189 to €503,665
- Depreciation +€45,871
up €45,871 (+26.9%), from €170,449 to €216,320
- Financial income +€10,441
up €10,441 (+7511.8%), from €139 to €10,580
- Taxes +€7,142
up €7,142 (+12.4%), from €57,443 to €64,586
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 | €1,855,183 | €2,320,781 | +€465,598 | +25.1% |
| Fixed assets | 21/28 | €892,689 | €1,436,348 | +€543,659 | +60.9% |
| Intangible fixed assets | 21 | €8,419 | - | -€8,419 | |
| Tangible fixed assets | 22/27 | €844,887 | €1,404,843 | +€559,955 | +66.3% |
| Land and buildings | 22 | €623,990 | €1,129,994 | +€506,004 | +81.1% |
| Plant, machinery and equipment | 23 | €182,893 | €154,268 | -€28,625 | -15.7% |
| Furniture and vehicles | 24 | €38,004 | €120,581 | +€82,577 | +217.3% |
| Financial fixed assets | 28 | €39,383 | €31,505 | -€7,878 | -20.0% |
| Current assets | 29/58 | €962,494 | €884,433 | -€78,060 | -8.1% |
| Stocks and contracts in progress | 3 | €519,030 | €520,550 | +€1,520 | +0.3% |
| Stocks | 30/36 | €519,030 | €520,550 | +€1,520 | +0.3% |
| Amounts receivable within one year | 40/41 | €122,992 | €136,625 | +€13,633 | +11.1% |
| Trade receivables | 40 | €120,435 | €136,625 | +€16,190 | +13.4% |
| Other amounts receivable | 41 | €2,557 | - | -€2,557 | |
| Cash at bank and in hand | 54/58 | €310,908 | €217,681 | -€93,227 | -30.0% |
| Deferred charges and accrued income | 490/1 | €9,564 | €9,577 | +€13 | +0.1% |
| Total equity and liabilities | 10/49 | €1,855,183 | €2,320,781 | +€465,598 | +25.1% |
| Equity | 10/15 | €906,064 | €1,092,847 | +€186,783 | +20.6% |
| Contributions | 10/11 | €343,200 | €343,200 | = | 0.0% |
| Reserves | 13 | €562,864 | €729,034 | +€166,170 | +29.5% |
| Distributable reserves | 133 | €562,864 | €729,034 | +€166,170 | +29.5% |
| Investment grants | 15 | - | €20,613 | +€20,613 | |
| Amounts payable | 17/49 | €949,119 | €1,227,934 | +€278,815 | +29.4% |
| Amounts payable after more than one year | 17 | €433,566 | €565,545 | +€131,979 | +30.4% |
| Financial debts | 170/4 | €433,566 | €337,447 | -€96,119 | -22.2% |
| Other amounts payable | 178/9 | - | €228,098 | +€228,098 | |
| Amounts payable within one year | 42/48 | €500,786 | €661,920 | +€161,134 | +32.2% |
| Current portion of amounts payable after more than one year | 42 | €111,078 | €210,169 | +€99,092 | +89.2% |
| Trade debts | 44 | €112,747 | €119,618 | +€6,870 | +6.1% |
| Suppliers | 440/4 | €112,747 | €119,618 | +€6,870 | +6.1% |
| Taxes, remuneration and social security | 45 | €42,443 | €2,871 | -€39,572 | -93.2% |
| Taxes | 450/3 | €42,443 | €2,871 | -€39,572 | -93.2% |
| Other amounts payable | 47/48 | €234,519 | €329,262 | +€94,743 | +40.4% |
| Accrued charges and deferred income | 492/3 | €14,767 | €469 | -€14,297 | -96.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €170,449 | €216,320 | +€45,871 | +26.9% |
| Other operating charges | 640/8 | €6,381 | €4,790 | -€1,591 | -24.9% |
| Gross operating margin | 9900 | €388,189 | €503,665 | +€115,476 | +29.7% |
| Operating profit (loss) | 9901 | €211,359 | €282,554 | +€71,196 | +33.7% |
| Financial income | 75/76B | €139 | €10,580 | +€10,441 | +7511.8% |
| Recurring financial income | 75 | €139 | €10,580 | +€10,441 | +7511.8% |
| Financial charges | 65/66B | €14,373 | €12,713 | -€1,660 | -11.5% |
| Recurring financial charges | 65 | €14,373 | €12,713 | -€1,660 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €197,125 | €280,422 | +€83,297 | +42.3% |
| Income taxes | 67/77 | €57,443 | €64,586 | +€7,142 | +12.4% |
| Profit (loss) for the period | 9904 | €139,682 | €215,836 | +€76,155 | +54.5% |
| Profit (loss) for the period to be appropriated | 9905 | €139,682 | €215,836 | +€76,155 | +54.5% |
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.