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 +€43,743
up €43,743 (+39.2%), from €111,604 to €155,347
mainly Net result for the year (+€58,351) and Depreciation (+€2,747)
- Receivables within one year +€15,054
up €15,054 (+84.0%), from €17,932 to €32,986
of which Trade receivables: +€12,500
- Profit (loss) carried forward +€58,351
up €58,351 (+40.5%), from €144,183 to €202,534
- Gross operating margin -€113,392
down €113,392 (-59.7%), from €189,882 to €76,489
- Taxes -€27,594
down €27,594 (-64.2%), from €42,985 to €15,390
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 | €156,136 | €214,193 | +€58,057 | +37.2% |
| Fixed assets | 21/28 | €13,601 | €12,444 | -€1,157 | -8.5% |
| Tangible fixed assets | 22/27 | €13,601 | €12,444 | -€1,157 | -8.5% |
| Furniture and vehicles | 24 | €2,459 | €2,815 | +€356 | +14.5% |
| Other tangible fixed assets | 26 | €11,142 | €9,629 | -€1,513 | -13.6% |
| Current assets | 29/58 | €142,536 | €201,750 | +€59,214 | +41.5% |
| Amounts receivable after more than one year | 29 | €13,000 | €13,000 | = | 0.0% |
| Other amounts receivable | 291 | €13,000 | €13,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €17,932 | €32,986 | +€15,054 | +84.0% |
| Trade receivables | 40 | €15,125 | €27,625 | +€12,500 | +82.6% |
| Other amounts receivable | 41 | €2,807 | €5,361 | +€2,554 | +91.0% |
| Cash at bank and in hand | 54/58 | €111,604 | €155,347 | +€43,743 | +39.2% |
| Deferred charges and accrued income | 490/1 | - | €417 | +€417 | |
| Total equity and liabilities | 10/49 | €156,136 | €214,193 | +€58,057 | +37.2% |
| Equity | 10/15 | €146,683 | €205,034 | +€58,351 | +39.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €144,183 | €202,534 | +€58,351 | +40.5% |
| Amounts payable | 17/49 | €9,454 | €9,160 | -€294 | -3.1% |
| Amounts payable within one year | 42/48 | €9,454 | €9,160 | -€294 | -3.1% |
| Trade debts | 44 | €1,388 | €2,109 | +€721 | +51.9% |
| Suppliers | 440/4 | €1,388 | €2,109 | +€721 | +51.9% |
| Taxes, remuneration and social security | 45 | €7,612 | €6,992 | -€620 | -8.1% |
| Taxes | 450/3 | €7,612 | €6,992 | -€620 | -8.1% |
| Other amounts payable | 47/48 | €454 | €59 | -€395 | -86.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,472 | €2,747 | +€275 | +11.1% |
| Other operating charges | 640/8 | €416 | - | -€416 | |
| Gross operating margin | 9900 | €189,882 | €76,489 | -€113,392 | -59.7% |
| Operating profit (loss) | 9901 | €186,994 | €73,742 | -€113,251 | -60.6% |
| Financial income | 75/76B | €316 | €290 | -€27 | -8.4% |
| Recurring financial income | 75 | €316 | €290 | -€27 | -8.4% |
| Financial charges | 65/66B | €142 | €290 | +€148 | +104% |
| Recurring financial charges | 65 | €142 | €290 | +€148 | +104% |
| Profit (loss) for the period before taxes | 9903 | €187,168 | €73,742 | -€113,426 | -60.6% |
| Income taxes | 67/77 | €42,985 | €15,390 | -€27,594 | -64.2% |
| Profit (loss) for the period | 9904 | €144,183 | €58,351 | -€85,832 | -59.5% |
| Profit (loss) for the period to be appropriated | 9905 | €144,183 | €58,351 | -€85,832 | -59.5% |
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 14 October 2026 via checked.be.