JOSAN: 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.
JOSAN
Largest movements
- Cash -€34,622
down €34,622 (-14.1%), from €245,967 to €211,345
mainly Trade debts (-€52,220) and Deferred charges and accrued income (-€2,389)
- Tangible fixed assets -€9,917
down €9,917 (-11.1%), from €89,658 to €79,741
of which Land and buildings: -€8,969
- Trade debts -€52,220
down €52,220 (-40.6%), from €128,759 to €76,539
- Profit (loss) carried forward +€10,070
up €10,070 (+13.1%), from €76,925 to €86,995
- Gross operating margin +€7,699
up €7,699 (+5.6%), from €138,536 to €146,235
- Staff costs +€1,507
up €1,507 (+1.3%), from €120,343 to €121,850
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 | €335,636 | €293,486 | -€42,150 | -12.6% |
| Fixed assets | 21/28 | €89,658 | €79,741 | -€9,917 | -11.1% |
| Tangible fixed assets | 22/27 | €89,658 | €79,741 | -€9,917 | -11.1% |
| Land and buildings | 22 | €88,137 | €79,168 | -€8,969 | -10.2% |
| Plant, machinery and equipment | 23 | €1,521 | €573 | -€948 | -62.3% |
| Current assets | 29/58 | €245,978 | €213,745 | -€32,233 | -13.1% |
| Cash at bank and in hand | 54/58 | €245,967 | €211,345 | -€34,622 | -14.1% |
| Deferred charges and accrued income | 490/1 | €11 | €2,400 | +€2,389 | +21718.2% |
| Total equity and liabilities | 10/49 | €335,636 | €293,486 | -€42,150 | -12.6% |
| Equity | 10/15 | €145,152 | €155,222 | +€10,070 | +6.9% |
| Contributions | 10/11 | €62,025 | €62,025 | = | 0.0% |
| Capital | 10 | €62,025 | €62,025 | = | 0.0% |
| Issued capital | 100 | €62,025 | €62,025 | = | 0.0% |
| Reserves | 13 | €6,202 | €6,202 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,202 | €6,202 | = | 0.0% |
| Legal reserve | 130 | €6,202 | €6,202 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,925 | €86,995 | +€10,070 | +13.1% |
| Amounts payable | 17/49 | €190,484 | €138,264 | -€52,220 | -27.4% |
| Amounts payable after more than one year | 17 | €61,725 | €61,725 | = | 0.0% |
| Other amounts payable | 178/9 | €61,725 | €61,725 | = | 0.0% |
| Amounts payable within one year | 42/48 | €128,759 | €76,539 | -€52,220 | -40.6% |
| Trade debts | 44 | €128,759 | €76,539 | -€52,220 | -40.6% |
| Suppliers | 440/4 | €128,759 | €76,539 | -€52,220 | -40.6% |
| Remuneration, social security and pensions | 62 | €120,343 | €121,850 | +€1,507 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,165 | €6,917 | -€248 | -3.5% |
| Other operating charges | 640/8 | €406 | €292 | -€114 | -28.1% |
| Non-recurring operating charges | 66A | €4,283 | €5,507 | +€1,224 | +28.6% |
| Gross operating margin | 9900 | €138,536 | €146,235 | +€7,699 | +5.6% |
| Operating profit (loss) | 9901 | €6,339 | €11,669 | +€5,330 | +84.1% |
| Profit (loss) for the period before taxes | 9903 | €6,339 | €11,669 | +€5,330 | +84.1% |
| Profit (loss) for the period | 9904 | €6,339 | €11,669 | +€5,330 | +84.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,339 | €11,669 | +€5,330 | +84.1% |
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 7 October 2026 via checked.be.