JOLT: 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.
JOLT
Largest movements
- Stocks and contracts +€22,602
up €22,602 (+39.7%), from €56,963 to €79,565
of which Stocks: +€39,406
- Tangible fixed assets -€20,186
down €20,186 (-34.3%), from €58,824 to €38,639
of which Furniture and vehicles: -€12,499
- Cash +€16,448
new in 2025: €16,448
mainly Advances received (+€41,032) and Net result for the year (+€30,291)
- Receivables within one year +€4,968
up €4,968 (+8.4%), from €58,919 to €63,886
of which Trade receivables: +€14,961
- Advances received +€41,032
new in 2025: €41,032
- Tax, wage and social debts +€26,441
up €26,441 (+194.7%), from €13,581 to €40,022
of which Taxes: +€24,224
- Short-term financial debts -€19,015
no longer reported in 2025 (was €19,015)
- Trade debts -€16,707
down €16,707 (-79.8%), from €20,934 to €4,227
- Reserves -€14,948
down €14,948 (-33.0%), from €45,239 to €30,291
- Gross operating margin +€65,783
up €65,783 (+165.0%), from €39,859 to €105,642
- Staff costs +€8,505
up €8,505 (+27.0%), from €31,488 to €39,993
- Taxes +€4,763
new in 2025: €4,763
- Depreciation -€1,221
down €1,221 (-5.2%), from €23,376 to €22,155
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 | €187,766 | €209,687 | +€21,920 | +11.7% |
| Fixed assets | 21/28 | €66,313 | €44,158 | -€22,155 | -33.4% |
| Intangible fixed assets | 21 | €2,939 | €970 | -€1,969 | -67.0% |
| Tangible fixed assets | 22/27 | €58,824 | €38,639 | -€20,186 | -34.3% |
| Plant, machinery and equipment | 23 | €7,377 | €1,657 | -€5,720 | -77.5% |
| Furniture and vehicles | 24 | €39,446 | €26,948 | -€12,499 | -31.7% |
| Other tangible fixed assets | 26 | €12,001 | €10,033 | -€1,967 | -16.4% |
| Financial fixed assets | 28 | €4,550 | €4,550 | = | 0.0% |
| Current assets | 29/58 | €121,453 | €165,528 | +€44,075 | +36.3% |
| Stocks and contracts in progress | 3 | €56,963 | €79,565 | +€22,602 | +39.7% |
| Stocks | 30/36 | €40,159 | €79,565 | +€39,406 | +98.1% |
| Contracts in progress | 37 | €16,804 | - | -€16,804 | |
| Amounts receivable within one year | 40/41 | €58,919 | €63,886 | +€4,968 | +8.4% |
| Trade receivables | 40 | €47,919 | €62,880 | +€14,961 | +31.2% |
| Other amounts receivable | 41 | €11,000 | €1,007 | -€9,993 | -90.8% |
| Cash at bank and in hand | 54/58 | - | €16,448 | +€16,448 | |
| Deferred charges and accrued income | 490/1 | €5,572 | €5,630 | +€58 | +1.0% |
| Total equity and liabilities | 10/49 | €187,766 | €209,687 | +€21,920 | +11.7% |
| Equity | 10/15 | €63,839 | €48,891 | -€14,948 | -23.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €45,239 | €30,291 | -€14,948 | -33.0% |
| Distributable reserves | 133 | €45,239 | €30,291 | -€14,948 | -33.0% |
| Amounts payable | 17/49 | €123,927 | €160,796 | +€36,869 | +29.8% |
| Amounts payable after more than one year | 17 | €19,809 | €9,578 | -€10,231 | -51.6% |
| Financial debts | 170/4 | €19,809 | €9,578 | -€10,231 | -51.6% |
| Amounts payable within one year | 42/48 | €104,118 | €151,218 | +€47,099 | +45.2% |
| Current portion of amounts payable after more than one year | 42 | €9,757 | €10,231 | +€473 | +4.9% |
| Financial debts | 43 | €19,015 | - | -€19,015 | |
| Credit institutions | 430/8 | €19,015 | - | -€19,015 | |
| Trade debts | 44 | €20,934 | €4,227 | -€16,707 | -79.8% |
| Suppliers | 440/4 | €20,934 | €4,227 | -€16,707 | -79.8% |
| Advances received on contracts in progress | 46 | - | €41,032 | +€41,032 | |
| Taxes, remuneration and social security | 45 | €13,581 | €40,022 | +€26,441 | +194.7% |
| Taxes | 450/3 | €6,324 | €30,549 | +€24,224 | +383.0% |
| Remuneration and social security | 454/9 | €7,256 | €9,473 | +€2,217 | +30.6% |
| Other amounts payable | 47/48 | €40,831 | €55,706 | +€14,874 | +36.4% |
| Remuneration, social security and pensions | 62 | €31,488 | €39,993 | +€8,505 | +27.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,376 | €22,155 | -€1,221 | -5.2% |
| Other operating charges | 640/8 | €5,015 | €5,058 | +€43 | +0.9% |
| Gross operating margin | 9900 | €39,859 | €105,642 | +€65,783 | +165.0% |
| Operating profit (loss) | 9901 | -€20,019 | €38,436 | +€58,455 | |
| Financial income | 75/76B | - | €25 | +€25 | |
| Recurring financial income | 75 | - | €25 | +€25 | |
| Financial charges | 65/66B | €3,569 | €3,408 | -€161 | -4.5% |
| Recurring financial charges | 65 | €3,569 | €3,408 | -€161 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | -€23,588 | €35,054 | +€58,641 | |
| Income taxes | 67/77 | - | €4,763 | +€4,763 | |
| Profit (loss) for the period | 9904 | -€23,588 | €30,291 | +€53,879 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,588 | €30,291 | +€53,879 |
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 5 October 2026 via checked.be.