JONI MANAGEMENT: 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.
JONI MANAGEMENT
Largest movements
- Receivables within one year -€1.4m
down €1.4m (-15.6%), from €8.8m to €7.4m
of which Other amounts receivable: -€1.4m
- Cash +€959,933
up €959,933 (+50.5%), from €1.9m to €2.9m
mainly Receivables within one year (+€1.4m) and Net result for the year (+€601,620)
- Financial fixed assets +€755,848
up €755,848 (+5.0%), from €15.2m to €16.0m
- Reserves +€601,620
up €601,620 (+4.3%), from €14.0m to €14.6m
- Financial income +€460,689
up €460,689 (+165%), from €279,882 to €740,572
- Gross operating margin -€148,106
down €148,106 (-90.1%), from €164,301 to €16,195
- Financial charges -€140,959
down €140,959 (-74.3%), from €189,844 to €48,884
- Depreciation -€24,200
down €24,200 (-25.8%), from €93,797 to €69,597
- Taxes -€17,979
down €17,979 (-34.6%), from €51,889 to €33,910
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 | €29,469,797 | €29,761,418 | +€291,621 | +1.0% |
| Fixed assets | 21/28 | €16,461,371 | €17,145,187 | +€683,817 | +4.2% |
| Tangible fixed assets | 22/27 | €1,265,958 | €1,193,927 | -€72,031 | -5.7% |
| Land and buildings | 22 | €1,262,142 | €1,193,563 | -€68,579 | -5.4% |
| Furniture and vehicles | 24 | €3,816 | €365 | -€3,451 | -90.4% |
| Financial fixed assets | 28 | €15,195,413 | €15,951,260 | +€755,848 | +5.0% |
| Current assets | 29/58 | €13,008,427 | €12,616,231 | -€392,196 | -3.0% |
| Amounts receivable within one year | 40/41 | €8,765,047 | €7,396,921 | -€1.4m | -15.6% |
| Trade receivables | 40 | €1,831 | €1,677 | -€154 | -8.4% |
| Other amounts receivable | 41 | €8,763,216 | €7,395,244 | -€1.4m | -15.6% |
| Current investments | 50/53 | €2,341,169 | €2,353,294 | +€12,125 | +0.5% |
| Cash at bank and in hand | 54/58 | €1,900,967 | €2,860,900 | +€959,933 | +50.5% |
| Deferred charges and accrued income | 490/1 | €1,244 | €5,116 | +€3,872 | +311% |
| Total equity and liabilities | 10/49 | €29,469,797 | €29,761,418 | +€291,621 | +1.0% |
| Equity | 10/15 | €14,056,571 | €14,658,191 | +€601,620 | +4.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €14,037,979 | €14,639,599 | +€601,620 | +4.3% |
| Distributable reserves | 133 | €14,037,979 | €14,639,599 | +€601,620 | +4.3% |
| Amounts payable | 17/49 | €15,413,226 | €15,103,227 | -€309,999 | -2.0% |
| Amounts payable after more than one year | 17 | €670,808 | €593,457 | -€77,351 | -11.5% |
| Financial debts | 170/4 | €670,808 | €593,457 | -€77,351 | -11.5% |
| Amounts payable within one year | 42/48 | €14,742,418 | €14,509,770 | -€232,648 | -1.6% |
| Current portion of amounts payable after more than one year | 42 | €77,351 | €77,351 | = | 0.0% |
| Trade debts | 44 | €979 | €2,476 | +€1,496 | +153% |
| Suppliers | 440/4 | €979 | €2,476 | +€1,496 | +153% |
| Taxes, remuneration and social security | 45 | €53,231 | €81,486 | +€28,255 | +53.1% |
| Taxes | 450/3 | €53,231 | €81,486 | +€28,255 | +53.1% |
| Other amounts payable | 47/48 | €14,610,857 | €14,348,457 | -€262,399 | -1.8% |
| Non-recurring operating income | 76A | €135,341 | €32,066 | -€103,275 | -76.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,797 | €69,597 | -€24,200 | -25.8% |
| Other operating charges | 640/8 | €2,441 | €2,756 | +€314 | +12.9% |
| Gross operating margin | 9900 | €164,301 | €16,195 | -€148,106 | -90.1% |
| Operating profit (loss) | 9901 | €68,063 | -€56,158 | -€124,221 | |
| Financial income | 75/76B | €279,882 | €740,572 | +€460,689 | +165% |
| Recurring financial income | 75 | €279,882 | €740,572 | +€460,689 | +165% |
| Financial charges | 65/66B | €189,844 | €48,884 | -€140,959 | -74.3% |
| Recurring financial charges | 65 | €189,844 | €48,884 | -€140,959 | -74.3% |
| Profit (loss) for the period before taxes | 9903 | €158,102 | €635,530 | +€477,428 | +302% |
| Income taxes | 67/77 | €51,889 | €33,910 | -€17,979 | -34.6% |
| Profit (loss) for the period | 9904 | €106,213 | €601,620 | +€495,406 | +466% |
| Profit (loss) for the period to be appropriated | 9905 | €106,213 | €601,620 | +€495,406 | +466% |
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 20 October 2026 via checked.be.