JORIS & MASSOZ: 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 & MASSOZ
Largest movements
- Cash -€72,850
down €72,850 (-29.8%), from €244,818 to €171,968
mainly Contributions, distributions and other (-€100,000) and Other debts (-€30,000)
- Receivables within one year +€20,456
up €20,456 (+59.4%), from €34,451 to €54,906
of which Other amounts receivable: +€13,962
- Intangible fixed assets -€15,100
down €15,100 (-17.5%), from €86,392 to €71,292
- Tangible fixed assets -€14,608
down €14,608 (-33.2%), from €44,009 to €29,400
of which Furniture and vehicles: -€11,450
- Profit (loss) carried forward -€30,059
down €30,059 (-31.2%), from €96,262 to €66,202
- Other debts -€30,000
down €30,000 (-23.1%), from €130,000 to €100,000
- Debts after one year -€15,112
down €15,112 (-20.2%), from €74,742 to €59,630
- Tax, wage and social debts -€5,492
down €5,492 (-32.6%), from €16,846 to €11,354
of which Taxes: -€4,144
- Gross operating margin -€73,966
down €73,966 (-24.6%), from €301,216 to €227,249
- Taxes -€18,106
down €18,106 (-41.0%), from €44,144 to €26,038
- Depreciation -€8,632
down €8,632 (-29.9%), from €28,850 to €20,218
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 | €409,669 | €327,567 | -€82,102 | -20.0% |
| Fixed assets | 21/28 | €130,400 | €100,692 | -€29,708 | -22.8% |
| Intangible fixed assets | 21 | €86,392 | €71,292 | -€15,100 | -17.5% |
| Tangible fixed assets | 22/27 | €44,009 | €29,400 | -€14,608 | -33.2% |
| Land and buildings | 22 | €24,556 | €22,705 | -€1,851 | -7.5% |
| Plant, machinery and equipment | 23 | €1,476 | €939 | -€537 | -36.4% |
| Furniture and vehicles | 24 | €13,473 | €2,023 | -€11,450 | -85.0% |
| Other tangible fixed assets | 26 | €4,504 | €3,734 | -€770 | -17.1% |
| Current assets | 29/58 | €279,268 | €226,875 | -€52,394 | -18.8% |
| Amounts receivable within one year | 40/41 | €34,451 | €54,906 | +€20,456 | +59.4% |
| Trade receivables | 40 | €34,451 | €40,944 | +€6,494 | +18.8% |
| Other amounts receivable | 41 | - | €13,962 | +€13,962 | |
| Cash at bank and in hand | 54/58 | €244,818 | €171,968 | -€72,850 | -29.8% |
| Total equity and liabilities | 10/49 | €409,669 | €327,567 | -€82,102 | -20.0% |
| Equity | 10/15 | €165,796 | €135,736 | -€30,059 | -18.1% |
| Contributions | 10/11 | €63,213 | €63,213 | = | 0.0% |
| Reserves | 13 | €6,321 | €6,321 | = | 0.0% |
| Distributable reserves | 133 | €6,321 | €6,321 | = | 0.0% |
| Profit (loss) carried forward | 14 | €96,262 | €66,202 | -€30,059 | -31.2% |
| Amounts payable | 17/49 | €243,873 | €191,830 | -€52,043 | -21.3% |
| Amounts payable after more than one year | 17 | €74,742 | €59,630 | -€15,112 | -20.2% |
| Financial debts | 170/4 | €74,742 | €59,630 | -€15,112 | -20.2% |
| Amounts payable within one year | 42/48 | €169,131 | €132,200 | -€36,931 | -21.8% |
| Current portion of amounts payable after more than one year | 42 | €14,932 | €15,112 | +€180 | +1.2% |
| Trade debts | 44 | €7,353 | €5,735 | -€1,618 | -22.0% |
| Suppliers | 440/4 | €7,353 | €5,735 | -€1,618 | -22.0% |
| Taxes, remuneration and social security | 45 | €16,846 | €11,354 | -€5,492 | -32.6% |
| Taxes | 450/3 | €4,144 | - | -€4,144 | |
| Remuneration and social security | 454/9 | €12,702 | €11,354 | -€1,348 | -10.6% |
| Other amounts payable | 47/48 | €130,000 | €100,000 | -€30,000 | -23.1% |
| Non-recurring operating income | 76A | €12,715 | €10,081 | -€2,635 | -20.7% |
| Remuneration, social security and pensions | 62 | €99,816 | €97,271 | -€2,545 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,850 | €20,218 | -€8,632 | -29.9% |
| Other operating charges | 640/8 | €1,804 | €1,569 | -€235 | -13.0% |
| Non-recurring operating charges | 66A | €860 | €10,127 | +€9,267 | +1,078% |
| Gross operating margin | 9900 | €301,216 | €227,249 | -€73,966 | -24.6% |
| Operating profit (loss) | 9901 | €169,886 | €98,064 | -€71,822 | -42.3% |
| Financial income | 75/76B | €898 | €20 | -€878 | -97.7% |
| Recurring financial income | 75 | €898 | €20 | -€878 | -97.7% |
| Financial charges | 65/66B | €3,530 | €2,106 | -€1,424 | -40.3% |
| Recurring financial charges | 65 | €3,530 | €2,106 | -€1,424 | -40.3% |
| Profit (loss) for the period before taxes | 9903 | €167,254 | €95,979 | -€71,275 | -42.6% |
| Income taxes | 67/77 | €44,144 | €26,038 | -€18,106 | -41.0% |
| Profit (loss) for the period | 9904 | €123,110 | €69,941 | -€53,169 | -43.2% |
| Profit (loss) for the period to be appropriated | 9905 | €123,110 | €69,941 | -€53,169 | -43.2% |
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 17 October 2026 via checked.be.