JOLIN: 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.
JOLIN
Largest movements
- Cash +€851,593
up €851,593 (+935.9%), from €90,989 to €942,582
mainly Stocks and contracts (+€537,774) and Net result for the year (+€496,634)
- Stocks and contracts -€537,774
down €537,774 (-16.8%), from €3.2m to €2.7m
- Receivables within one year -€423,540
down €423,540 (-77.4%), from €547,037 to €123,498
of which Other amounts receivable: -€428,584
- Tangible fixed assets -€208,218
down €208,218 (-7.1%), from €3.0m to €2.7m
- Other debts -€891,204
down €891,204 (-23.1%), from €3.9m to €3.0m
- Reserves +€496,634
up €496,634 (+24.5%), from €2.0m to €2.5m
of which Distributable reserves: +€499,224
- Trade debts +€76,989
up €76,989 (+165.5%), from €46,532 to €123,522
- Gross operating margin +€261,238
up €261,238 (+31.1%), from €840,822 to €1.1m
- Taxes +€44,988
up €44,988 (+36.8%), from €122,316 to €167,304
- Financial charges -€13,914
down €13,914 (-21.4%), from €65,017 to €51,102
- Other operating charges -€13,845
down €13,845 (-15.8%), from €87,550 to €73,705
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 | €6,789,065 | €6,470,110 | -€318,954 | -4.7% |
| Fixed assets | 21/28 | €2,952,968 | €2,744,750 | -€208,218 | -7.1% |
| Tangible fixed assets | 22/27 | €2,952,968 | €2,744,750 | -€208,218 | -7.1% |
| Land and buildings | 22 | €2,952,968 | €2,744,750 | -€208,218 | -7.1% |
| Current assets | 29/58 | €3,836,097 | €3,725,360 | -€110,737 | -2.9% |
| Stocks and contracts in progress | 3 | €3,192,572 | €2,654,798 | -€537,774 | -16.8% |
| Stocks | 30/36 | €3,192,572 | €2,654,798 | -€537,774 | -16.8% |
| Amounts receivable within one year | 40/41 | €547,037 | €123,498 | -€423,540 | -77.4% |
| Trade receivables | 40 | €105,787 | €110,831 | +€5,044 | +4.8% |
| Other amounts receivable | 41 | €441,251 | €12,667 | -€428,584 | -97.1% |
| Cash at bank and in hand | 54/58 | €90,989 | €942,582 | +€851,593 | +935.9% |
| Deferred charges and accrued income | 490/1 | €5,499 | €4,483 | -€1,016 | -18.5% |
| Total equity and liabilities | 10/49 | €6,789,065 | €6,470,110 | -€318,954 | -4.7% |
| Equity | 10/15 | €2,776,995 | €3,273,629 | +€496,634 | +17.9% |
| Contributions | 10/11 | €750,000 | €750,000 | = | 0.0% |
| Capital | 10 | €750,000 | €750,000 | = | 0.0% |
| Issued capital | 100 | €750,000 | €750,000 | = | 0.0% |
| Reserves | 13 | €2,026,995 | €2,523,629 | +€496,634 | +24.5% |
| Non-distributable reserves | 130/1 | €75,000 | €75,000 | = | 0.0% |
| Legal reserve | 130 | €75,000 | €75,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €31,763 | €29,173 | -€2,590 | -8.2% |
| Distributable reserves | 133 | €1,920,233 | €2,419,457 | +€499,224 | +26.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €10,473 | €9,609 | -€863 | -8.2% |
| Deferred taxes | 168 | €10,473 | €9,609 | -€863 | -8.2% |
| Amounts payable | 17/49 | €4,001,597 | €3,186,872 | -€814,725 | -20.4% |
| Amounts payable within one year | 42/48 | €3,978,717 | €3,166,467 | -€812,250 | -20.4% |
| Trade debts | 44 | €46,532 | €123,522 | +€76,989 | +165.5% |
| Suppliers | 440/4 | €46,532 | €123,522 | +€76,989 | +165.5% |
| Advances received on contracts in progress | 46 | €70,241 | €72,205 | +€1,965 | +2.8% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €3,861,945 | €2,970,741 | -€891,204 | -23.1% |
| Accrued charges and deferred income | 492/3 | €22,880 | €20,405 | -€2,475 | -10.8% |
| Non-recurring operating income | 76A | - | €196,524 | +€196,524 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €203,019 | €208,218 | +€5,198 | +2.6% |
| Other operating charges | 640/8 | €87,550 | €73,705 | -€13,845 | -15.8% |
| Non-recurring operating charges | 66A | - | €105,961 | +€105,961 | |
| Gross operating margin | 9900 | €840,822 | €1,102,061 | +€261,238 | +31.1% |
| Operating profit (loss) | 9901 | €550,253 | €714,177 | +€163,924 | +29.8% |
| Financial income | 75/76B | €58 | €0 | -€58 | -100.0% |
| Recurring financial income | 75 | €58 | €0 | -€58 | -100.0% |
| Financial charges | 65/66B | €65,017 | €51,102 | -€13,914 | -21.4% |
| Recurring financial charges | 65 | €65,017 | €51,102 | -€13,914 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €485,294 | €663,075 | +€177,781 | +36.6% |
| Transfer from deferred taxes | 780 | €863 | €863 | = | 0.0% |
| Income taxes | 67/77 | €122,316 | €167,304 | +€44,988 | +36.8% |
| Profit (loss) for the period | 9904 | €363,841 | €496,634 | +€132,793 | +36.5% |
| Transfer from tax-exempt reserves | 789 | €2,590 | €2,590 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €366,431 | €499,224 | +€132,793 | +36.2% |
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 2 October 2026 via checked.be.