JOLUWA: 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.
JOLUWA
Largest movements
- Cash +€448,945
up €448,945 (+121%), from €371,781 to €820,727
mainly Net result for the year (+€389,665) and Tax, wage and social debts (+€74,987)
- Receivables within one year -€41,216
down €41,216 (-13.4%), from €307,920 to €266,704
of which Other amounts receivable: -€107,688
- Tangible fixed assets -€26,896
down €26,896 (-18.3%), from €147,122 to €120,226
of which Plant, machinery and equipment: -€26,896
- Deferred charges and accrued income -€17,718
down €17,718 (-66.3%), from €26,724 to €9,006
- Reserves +€512,639
up €512,639 (+440%), from €116,405 to €629,044
of which Distributable reserves: +€512,639
- Profit (loss) carried forward -€122,974
down €122,974 (-100%), from €122,974 to €0
- Tax, wage and social debts +€74,987
up €74,987 (+115%), from €64,930 to €139,916
of which Taxes: +€69,835
- Trade debts -€55,971
down €55,971 (-24.4%), from €229,483 to €173,512
- Current portion of long-term debt -€53,500
down €53,500 (-100%), from €53,500 to €0
- Turnover +€2.2m
new in 2025: €2.2m
- Services and other goods +€732,131
new in 2025: €732,131
- Gross operating margin -€644,136
no longer reported in 2025 (was €644,136)
- Goods and materials +€366,667
new in 2025: €366,667
- Taxes +€119,079
up €119,079 (+749%), from €15,905 to €134,984
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.
Derived cash bridge
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 | €857,248 | €1,220,362 | +€363,115 | +42.4% |
| Fixed assets | 21/28 | €150,822 | €123,926 | -€26,896 | -17.8% |
| Tangible fixed assets | 22/27 | €147,122 | €120,226 | -€26,896 | -18.3% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €147,122 | €120,226 | -€26,896 | -18.3% |
| Financial fixed assets | 28 | €3,700 | €3,700 | = | 0.0% |
| Other financial fixed assets | 284/8 | - | €3,700 | +€3,700 | |
| Amounts receivable and cash guarantees | 285/8 | - | €3,700 | +€3,700 | |
| Current assets | 29/58 | €706,426 | €1,096,437 | +€390,011 | +55.2% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €307,920 | €266,704 | -€41,216 | -13.4% |
| Trade receivables | 40 | €200,233 | €266,704 | +€66,472 | +33.2% |
| Other amounts receivable | 41 | €107,688 | €0 | -€107,688 | -100% |
| Cash at bank and in hand | 54/58 | €371,781 | €820,727 | +€448,945 | +121% |
| Deferred charges and accrued income | 490/1 | €26,724 | €9,006 | -€17,718 | -66.3% |
| Total equity and liabilities | 10/49 | €857,248 | €1,220,362 | +€363,115 | +42.4% |
| Equity | 10/15 | €350,931 | €740,596 | +€389,665 | +111% |
| Contributions | 10/11 | €111,552 | €111,552 | = | 0.0% |
| Reserves | 13 | €116,405 | €629,044 | +€512,639 | +440% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €105,250 | €105,250 | = | 0.0% |
| Distributable reserves | 133 | €11,155 | €523,794 | +€512,639 | +4,596% |
| Profit (loss) carried forward | 14 | €122,974 | €0 | -€122,974 | -100% |
| Investment grants | 15 | €0 | - | = | |
| Amounts payable | 17/49 | €506,316 | €479,766 | -€26,550 | -5.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €499,686 | €471,886 | -€27,800 | -5.6% |
| Current portion of amounts payable after more than one year | 42 | €53,500 | €0 | -€53,500 | -100% |
| Trade debts | 44 | €229,483 | €173,512 | -€55,971 | -24.4% |
| Suppliers | 440/4 | €229,483 | €173,512 | -€55,971 | -24.4% |
| Taxes, remuneration and social security | 45 | €64,930 | €139,916 | +€74,987 | +115% |
| Taxes | 450/3 | €9,170 | €79,005 | +€69,835 | +762% |
| Remuneration and social security | 454/9 | €55,760 | €60,911 | +€5,151 | +9.2% |
| Other amounts payable | 47/48 | €151,774 | €158,458 | +€6,684 | +4.4% |
| Accrued charges and deferred income | 492/3 | €6,630 | €7,880 | +€1,250 | +18.9% |
| Operating income | 70/76A | - | €2,191,518 | +€2.2m | |
| Turnover | 70 | - | €2,161,808 | +€2.2m | |
| Other operating income | 74 | - | €29,710 | +€29,710 | |
| Operating charges | 60/66A | - | €1,654,904 | +€1.7m | |
| Goods for resale, raw materials and consumables | 60 | - | €366,667 | +€366,667 | |
| Purchases | 600/8 | - | €366,667 | +€366,667 | |
| Services and other goods | 61 | - | €732,131 | +€732,131 | |
| Remuneration, social security and pensions | 62 | €455,936 | €525,877 | +€69,940 | +15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,864 | €26,896 | -€51,967 | -65.9% |
| Other operating charges | 640/8 | €4,955 | €3,333 | -€1,623 | -32.7% |
| Non-recurring operating charges | 66A | €30,216 | €0 | -€30,216 | -100% |
| Gross operating margin | 9900 | €644,136 | - | -€644,136 | |
| Operating profit (loss) | 9901 | €74,165 | €536,614 | +€462,449 | +624% |
| Financial income | 75/76B | €4,657 | €1 | -€4,656 | -100.0% |
| Recurring financial income | 75 | €4,657 | €1 | -€4,656 | -100.0% |
| Income from current assets | 751 | - | €0 | = | |
| Other financial income | 752/9 | - | €1 | +€1 | |
| Financial charges | 65/66B | €11,303 | €11,966 | +€663 | +5.9% |
| Recurring financial charges | 65 | €11,303 | €11,966 | +€663 | +5.9% |
| Debt charges | 650 | - | €11,963 | +€11,963 | |
| Other financial charges | 652/9 | - | €3 | +€3 | |
| Profit (loss) for the period before taxes | 9903 | €67,518 | €524,649 | +€457,131 | +677% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €15,905 | €134,984 | +€119,079 | +749% |
| Taxes | 670/3 | - | €134,984 | +€134,984 | |
| Profit (loss) for the period | 9904 | €51,613 | €389,665 | +€338,051 | +655% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Transfer to tax-exempt reserves | 689 | €105,250 | €0 | -€105,250 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | -€53,637 | €389,665 | +€443,301 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.