JORIS CONSTANT: 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.
JORIS CONSTANT
Largest movements
- Tangible fixed assets -€121,748
down €121,748 (-34.7%), from €350,586 to €228,839
of which Leasing and similar rights: -€87,453
- Cash +€23,000
up €23,000 (+54.5%), from €42,223 to €65,223
mainly Depreciation (+€109,110) and Other debts (+€49,523)
- Deferred charges and accrued income +€18,837
up €18,837 (+208.6%), from €9,032 to €27,869
- Debts after one year -€95,822
down €95,822 (-80.3%), from €119,341 to €23,519
- Other debts +€49,523
up €49,523 (+52.6%), from €94,094 to €143,617
- Profit (loss) carried forward -€14,408
down €14,408 (-123.2%), from -€11,693 to -€26,102
- Trade debts -€13,510
down €13,510 (-51.8%), from €26,096 to €12,586
- Current portion of long-term debt -€7,755
down €7,755 (-7.6%), from €101,577 to €93,823
- Gross operating margin +€46,549
up €46,549 (+19.0%), from €244,699 to €291,248
- Depreciation -€23,505
down €23,505 (-17.7%), from €132,615 to €109,110
- Staff costs +€15,563
up €15,563 (+11.3%), from €138,274 to €153,837
- Financial charges +€15,202
up €15,202 (+164.8%), from €9,224 to €24,426
- Other operating charges +€11,608
up €11,608 (+177.7%), from €6,534 to €18,142
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 | €469,316 | €390,118 | -€79,198 | -16.9% |
| Fixed assets | 21/28 | €350,586 | €228,839 | -€121,748 | -34.7% |
| Tangible fixed assets | 22/27 | €350,586 | €228,839 | -€121,748 | -34.7% |
| Land and buildings | 22 | €1,120 | €585 | -€535 | -47.8% |
| Plant, machinery and equipment | 23 | €8,474 | €6,197 | -€2,278 | -26.9% |
| Furniture and vehicles | 24 | €122,302 | €90,820 | -€31,481 | -25.7% |
| Leasing and similar rights | 25 | €218,690 | €131,236 | -€87,453 | -40.0% |
| Current assets | 29/58 | €118,730 | €161,279 | +€42,549 | +35.8% |
| Amounts receivable within one year | 40/41 | €67,474 | €68,187 | +€712 | +1.1% |
| Trade receivables | 40 | €52,622 | €68,187 | +€15,565 | +29.6% |
| Other amounts receivable | 41 | €14,852 | - | -€14,852 | |
| Cash at bank and in hand | 54/58 | €42,223 | €65,223 | +€23,000 | +54.5% |
| Deferred charges and accrued income | 490/1 | €9,032 | €27,869 | +€18,837 | +208.6% |
| Total equity and liabilities | 10/49 | €469,316 | €390,118 | -€79,198 | -16.9% |
| Equity | 10/15 | €104,990 | €90,582 | -€14,408 | -13.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €98,092 | €98,092 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €96,233 | €96,233 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,693 | -€26,102 | -€14,408 | -123.2% |
| Amounts payable | 17/49 | €364,326 | €299,536 | -€64,790 | -17.8% |
| Amounts payable after more than one year | 17 | €119,341 | €23,519 | -€95,822 | -80.3% |
| Financial debts | 170/4 | €119,341 | €23,519 | -€95,822 | -80.3% |
| Amounts payable within one year | 42/48 | €244,984 | €276,017 | +€31,032 | +12.7% |
| Current portion of amounts payable after more than one year | 42 | €101,577 | €93,823 | -€7,755 | -7.6% |
| Trade debts | 44 | €26,096 | €12,586 | -€13,510 | -51.8% |
| Suppliers | 440/4 | €26,096 | €12,586 | -€13,510 | -51.8% |
| Taxes, remuneration and social security | 45 | €23,217 | €25,992 | +€2,774 | +11.9% |
| Taxes | 450/3 | €9,216 | €9,482 | +€265 | +2.9% |
| Remuneration and social security | 454/9 | €14,001 | €16,510 | +€2,509 | +17.9% |
| Other amounts payable | 47/48 | €94,094 | €143,617 | +€49,523 | +52.6% |
| Remuneration, social security and pensions | 62 | €138,274 | €153,837 | +€15,563 | +11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €132,615 | €109,110 | -€23,505 | -17.7% |
| Other operating charges | 640/8 | €6,534 | €18,142 | +€11,608 | +177.7% |
| Gross operating margin | 9900 | €244,699 | €291,248 | +€46,549 | +19.0% |
| Operating profit (loss) | 9901 | -€32,724 | €10,158 | +€42,883 | |
| Financial income | 75/76B | €1 | €11 | +€9 | +704.5% |
| Recurring financial income | 75 | €1 | €11 | +€9 | +704.5% |
| Financial charges | 65/66B | €9,224 | €24,426 | +€15,202 | +164.8% |
| Recurring financial charges | 65 | €9,224 | €24,426 | +€15,202 | +164.8% |
| Profit (loss) for the period before taxes | 9903 | -€41,947 | -€14,257 | +€27,690 | +66.0% |
| Income taxes | 67/77 | €148 | €151 | +€3 | +2.1% |
| Profit (loss) for the period | 9904 | -€42,095 | -€14,408 | +€27,687 | +65.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,095 | -€14,408 | +€27,687 | +65.8% |
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 10 October 2026 via checked.be.