JOSCO: 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.
JOSCO
Largest movements
- Cash -€42,883
down €42,883 (-33.7%), from €127,407 to €84,524
mainly Other debts (-€42,129) and Tax, wage and social debts (-€16,666)
- Receivables within one year -€12,427
down €12,427 (-29.2%), from €42,511 to €30,084
- Intangible fixed assets -€9,443
down €9,443 (-18.2%), from €51,833 to €42,390
- Other debts -€42,129
down €42,129 (-31.6%), from €133,278 to €91,149
- Trade debts +€23,697
up €23,697 (+187%), from €12,679 to €36,376
- Tax, wage and social debts -€16,666
down €16,666 (-58.5%), from €28,511 to €11,845
of which Taxes: -€18,342
- Profit (loss) carried forward -€13,998
down €13,998, from €4,510 to -€9,488
- Debts after one year -€9,101
down €9,101 (-20.9%), from €43,614 to €34,513
- Gross operating margin -€80,157
down €80,157 (-56.8%), from €141,115 to €60,958
- Taxes -€24,728
down €24,728 (-91.6%), from €27,000 to €2,272
- Staff costs +€9,766
up €9,766 (+22.7%), from €42,986 to €52,752
- Depreciation -€4,556
down €4,556 (-23.7%), from €19,186 to €14,630
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 | €342,883 | €282,004 | -€60,879 | -17.8% |
| Fixed assets | 21/28 | €107,969 | €101,647 | -€6,322 | -5.9% |
| Intangible fixed assets | 21 | €51,833 | €42,390 | -€9,443 | -18.2% |
| Tangible fixed assets | 22/27 | €56,136 | €59,007 | +€2,871 | +5.1% |
| Land and buildings | 22 | €52,276 | €51,578 | -€698 | -1.3% |
| Furniture and vehicles | 24 | €3,860 | €7,429 | +€3,570 | +92.5% |
| Financial fixed assets | 28 | - | €250 | +€250 | |
| Current assets | 29/58 | €234,914 | €180,357 | -€54,557 | -23.2% |
| Amounts receivable within one year | 40/41 | €42,511 | €30,084 | -€12,427 | -29.2% |
| Other amounts receivable | 41 | €42,511 | €30,084 | -€12,427 | -29.2% |
| Current investments | 50/53 | €60,000 | €60,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €127,407 | €84,524 | -€42,883 | -33.7% |
| Deferred charges and accrued income | 490/1 | €4,996 | €5,750 | +€753 | +15.1% |
| Total equity and liabilities | 10/49 | €342,883 | €282,004 | -€60,879 | -17.8% |
| Equity | 10/15 | €114,224 | €99,021 | -€15,204 | -13.3% |
| Contributions | 10/11 | €99,500 | €99,500 | = | 0.0% |
| Reserves | 13 | €10,214 | €9,009 | -€1,205 | -11.8% |
| Tax-exempt reserves | 132 | €9,009 | €9,009 | = | 0.0% |
| Distributable reserves | 133 | €1,205 | €0 | -€1,205 | -100% |
| Profit (loss) carried forward | 14 | €4,510 | -€9,488 | -€13,998 | |
| Amounts payable | 17/49 | €228,659 | €182,983 | -€45,675 | -20.0% |
| Amounts payable after more than one year | 17 | €43,614 | €34,513 | -€9,101 | -20.9% |
| Financial debts | 170/4 | €43,614 | €34,513 | -€9,101 | -20.9% |
| Amounts payable within one year | 42/48 | €185,045 | €148,470 | -€36,575 | -19.8% |
| Current portion of amounts payable after more than one year | 42 | €10,577 | €9,101 | -€1,477 | -14.0% |
| Trade debts | 44 | €12,679 | €36,376 | +€23,697 | +187% |
| Suppliers | 440/4 | €12,679 | €36,376 | +€23,697 | +187% |
| Taxes, remuneration and social security | 45 | €28,511 | €11,845 | -€16,666 | -58.5% |
| Taxes | 450/3 | €20,487 | €2,145 | -€18,342 | -89.5% |
| Remuneration and social security | 454/9 | €8,024 | €9,700 | +€1,676 | +20.9% |
| Other amounts payable | 47/48 | €133,278 | €91,149 | -€42,129 | -31.6% |
| Remuneration, social security and pensions | 62 | €42,986 | €52,752 | +€9,766 | +22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,186 | €14,630 | -€4,556 | -23.7% |
| Other operating charges | 640/8 | €4,730 | €4,960 | +€230 | +4.9% |
| Gross operating margin | 9900 | €141,115 | €60,958 | -€80,157 | -56.8% |
| Operating profit (loss) | 9901 | €74,213 | -€11,383 | -€85,596 | |
| Financial income | 75/76B | €1,330 | €1,291 | -€40 | -3.0% |
| Recurring financial income | 75 | €1,330 | €1,291 | -€40 | -3.0% |
| Financial charges | 65/66B | €1,801 | €2,840 | +€1,039 | +57.7% |
| Recurring financial charges | 65 | €1,801 | €2,840 | +€1,039 | +57.7% |
| Profit (loss) for the period before taxes | 9903 | €73,743 | -€12,932 | -€86,675 | |
| Income taxes | 67/77 | €27,000 | €2,272 | -€24,728 | -91.6% |
| Profit (loss) for the period | 9904 | €46,743 | -€15,204 | -€61,946 | |
| Profit (loss) for the period to be appropriated | 9905 | €46,743 | -€15,204 | -€61,946 |
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 13 October 2026 via checked.be.