Joly-Fichtner: 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.
Joly-Fichtner
Largest movements
- Intangible fixed assets -€10,000
down €10,000 (-24.0%), from €41,667 to €31,667
- Cash -€2,077
no longer reported in 2025 (was €2,077)
mainly Current portion of long-term debt (-€24,910) and Debts after one year (-€20,114)
- Deferred charges and accrued income +€997
new in 2025: €997
- Current portion of long-term debt -€24,910
down €24,910 (-93.7%), from €26,578 to €1,668
- Profit (loss) carried forward +€23,469
up €23,469 (+35.1%), from -€66,816 to -€43,346
- Debts after one year -€20,114
no longer reported in 2025 (was €20,114)
- Other debts +€7,012
new in 2025: €7,012
- Tax, wage and social debts +€2,857
up €2,857 (+5.7%), from €50,366 to €53,223
- Gross operating margin +€16,847
up €16,847 (+86.1%), from €19,577 to €36,424
- Financial charges +€2,365
up €2,365 (+1,437%), from €165 to €2,530
- Other operating charges +€425
new in 2025: €425
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 | €44,094 | €33,013 | -€11,081 | -25.1% |
| Fixed assets | 21/28 | €41,667 | €31,667 | -€10,000 | -24.0% |
| Intangible fixed assets | 21 | €41,667 | €31,667 | -€10,000 | -24.0% |
| Current assets | 29/58 | €2,427 | €1,347 | -€1,081 | -44.5% |
| Amounts receivable within one year | 40/41 | €350 | €350 | = | 0.0% |
| Other amounts receivable | 41 | €350 | €350 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,077 | - | -€2,077 | |
| Deferred charges and accrued income | 490/1 | - | €997 | +€997 | |
| Total equity and liabilities | 10/49 | €44,094 | €33,013 | -€11,081 | -25.1% |
| Equity | 10/15 | -€54,416 | -€30,946 | +€23,469 | +43.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,816 | -€43,346 | +€23,469 | +35.1% |
| Amounts payable | 17/49 | €98,510 | €63,960 | -€34,550 | -35.1% |
| Amounts payable after more than one year | 17 | €20,114 | - | -€20,114 | |
| Financial debts | 170/4 | €20,114 | - | -€20,114 | |
| Amounts payable within one year | 42/48 | €78,396 | €63,960 | -€14,436 | -18.4% |
| Current portion of amounts payable after more than one year | 42 | €26,578 | €1,668 | -€24,910 | -93.7% |
| Trade debts | 44 | €1,452 | €2,057 | +€605 | +41.7% |
| Suppliers | 440/4 | €1,452 | €2,057 | +€605 | +41.7% |
| Taxes, remuneration and social security | 45 | €50,366 | €53,223 | +€2,857 | +5.7% |
| Taxes | 450/3 | €50,366 | €53,223 | +€2,857 | +5.7% |
| Other amounts payable | 47/48 | - | €7,012 | +€7,012 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,165 | €10,000 | -€165 | -1.6% |
| Other operating charges | 640/8 | - | €425 | +€425 | |
| Gross operating margin | 9900 | €19,577 | €36,424 | +€16,847 | +86.1% |
| Operating profit (loss) | 9901 | €9,412 | €25,999 | +€16,588 | +176% |
| Financial charges | 65/66B | €165 | €2,530 | +€2,365 | +1,437% |
| Recurring financial charges | 65 | €165 | €2,530 | +€2,365 | +1,437% |
| Profit (loss) for the period before taxes | 9903 | €9,247 | €23,469 | +€14,222 | +154% |
| Profit (loss) for the period | 9904 | €9,247 | €23,469 | +€14,222 | +154% |
| Profit (loss) for the period to be appropriated | 9905 | €9,247 | €23,469 | +€14,222 | +154% |
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 25 October 2026 via checked.be.