JOQUARI: 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.
JOQUARI
Largest movements
- Cash -€169,103
down €169,103 (-78.7%), from €214,909 to €45,805
mainly Contributions, distributions and other (-€180,812) and Investment in fixed assets (net) (-€79,737)
- Receivables within one year +€66,780
up €66,780 (+15.8%), from €422,817 to €489,597
of which Trade receivables: +€150,175
- Tangible fixed assets +€43,959
up €43,959 (+13.9%), from €316,892 to €360,851
of which Land and buildings: +€135,922
- Receivables after one year +€20,000
up €20,000 (+40.0%), from €50,000 to €70,000
- Debts after one year -€23,541
down €23,541 (-12.2%), from €192,407 to €168,867
- Trade debts -€10,998
down €10,998 (-94.2%), from €11,679 to €681
- Gross operating margin -€87,556
down €87,556 (-22.8%), from €384,162 to €296,605
- Taxes -€27,176
down €27,176 (-25.4%), from €106,813 to €79,637
- Provisions -€10,000
new in 2025: -€10,000
- Depreciation +€8,383
up €8,383 (+30.6%), from €27,396 to €35,778
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 | €1,004,618 | €966,923 | -€37,694 | -3.8% |
| Fixed assets | 21/28 | €316,892 | €360,851 | +€43,959 | +13.9% |
| Tangible fixed assets | 22/27 | €316,892 | €360,851 | +€43,959 | +13.9% |
| Land and buildings | 22 | €198,647 | €334,569 | +€135,922 | +68.4% |
| Furniture and vehicles | 24 | €43,272 | €26,282 | -€16,991 | -39.3% |
| Assets under construction and advance payments | 27 | €74,973 | €0 | -€74,973 | -100.0% |
| Current assets | 29/58 | €687,726 | €606,073 | -€81,653 | -11.9% |
| Amounts receivable after more than one year | 29 | €50,000 | €70,000 | +€20,000 | +40.0% |
| Trade receivables | 290 | €50,000 | €70,000 | +€20,000 | +40.0% |
| Amounts receivable within one year | 40/41 | €422,817 | €489,597 | +€66,780 | +15.8% |
| Trade receivables | 40 | €330,057 | €480,232 | +€150,175 | +45.5% |
| Other amounts receivable | 41 | €92,760 | €9,364 | -€83,395 | -89.9% |
| Cash at bank and in hand | 54/58 | €214,909 | €45,805 | -€169,103 | -78.7% |
| Deferred charges and accrued income | 490/1 | €0 | €670 | +€670 | |
| Total equity and liabilities | 10/49 | €1,004,618 | €966,923 | -€37,694 | -3.8% |
| Equity | 10/15 | €744,234 | €746,390 | +€2,157 | +0.3% |
| Contributions | 10/11 | €9,356 | €9,356 | = | 0.0% |
| Reserves | 13 | €734,878 | €737,034 | +€2,157 | +0.3% |
| Distributable reserves | 133 | €734,878 | €737,034 | +€2,157 | +0.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €10,000 | €0 | -€10,000 | -100.0% |
| Provisions for liabilities and charges | 160/5 | €10,000 | €0 | -€10,000 | -100.0% |
| Major repairs and maintenance | 162 | €10,000 | €0 | -€10,000 | -100.0% |
| Amounts payable | 17/49 | €250,384 | €220,533 | -€29,851 | -11.9% |
| Amounts payable after more than one year | 17 | €192,407 | €168,867 | -€23,541 | -12.2% |
| Financial debts | 170/4 | €192,407 | €168,867 | -€23,541 | -12.2% |
| Amounts payable within one year | 42/48 | €57,893 | €51,597 | -€6,296 | -10.9% |
| Current portion of amounts payable after more than one year | 42 | €37,449 | €38,278 | +€829 | +2.2% |
| Trade debts | 44 | €11,679 | €681 | -€10,998 | -94.2% |
| Suppliers | 440/4 | €11,679 | €681 | -€10,998 | -94.2% |
| Taxes, remuneration and social security | 45 | €8,764 | €12,637 | +€3,873 | +44.2% |
| Taxes | 450/3 | €8,764 | €12,637 | +€3,873 | +44.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €84 | €70 | -€15 | -17.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,396 | €35,778 | +€8,383 | +30.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€10,000 | -€10,000 | |
| Other operating charges | 640/8 | €6,577 | €3,662 | -€2,915 | -44.3% |
| Gross operating margin | 9900 | €384,162 | €296,605 | -€87,556 | -22.8% |
| Operating profit (loss) | 9901 | €350,190 | €267,165 | -€83,024 | -23.7% |
| Financial income | 75/76B | €2,586 | €715 | -€1,872 | -72.4% |
| Recurring financial income | 75 | €2,586 | €715 | -€1,872 | -72.4% |
| Financial charges | 65/66B | €3,201 | €5,274 | +€2,073 | +64.8% |
| Recurring financial charges | 65 | €3,201 | €5,274 | +€2,073 | +64.8% |
| Profit (loss) for the period before taxes | 9903 | €349,575 | €262,606 | -€86,969 | -24.9% |
| Income taxes | 67/77 | €106,813 | €79,637 | -€27,176 | -25.4% |
| Profit (loss) for the period | 9904 | €242,763 | €182,969 | -€59,794 | -24.6% |
| Profit (loss) for the period to be appropriated | 9905 | €242,763 | €182,969 | -€59,794 | -24.6% |
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 8 October 2026 via checked.be.