Josee: 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.
Josee
Largest movements
- Cash -€60,837
down €60,837 (-59.1%), from €102,986 to €42,149
mainly Contributions, distributions and other (-€123,266) and Trade debts (-€14,581)
- Receivables within one year -€21,565
down €21,565 (-70.9%), from €30,431 to €8,866
of which Trade receivables: -€20,206
- Stocks and contracts +€3,150
new in 2025: €3,150
- Tangible fixed assets -€2,828
down €2,828 (-22.8%), from €12,401 to €9,573
of which Other tangible fixed assets: -€2,675
- Reserves -€127,790
down €127,790 (-65.2%), from €195,878 to €68,088
of which Distributable reserves: -€127,790
- Other debts +€60,799
up €60,799 (+793.6%), from €7,661 to €68,460
- Trade debts -€14,581
down €14,581 (-84.2%), from €17,324 to €2,743
- Gross operating margin +€5,640
up €5,640 (+6.8%), from €82,789 to €88,429
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 | €237,681 | €155,414 | -€82,267 | -34.6% |
| Fixed assets | 21/28 | €12,451 | €9,623 | -€2,828 | -22.7% |
| Tangible fixed assets | 22/27 | €12,401 | €9,573 | -€2,828 | -22.8% |
| Land and buildings | 22 | €1,340 | €922 | -€418 | -31.2% |
| Plant, machinery and equipment | 23 | €1,506 | €1,034 | -€472 | -31.3% |
| Furniture and vehicles | 24 | - | €737 | +€737 | |
| Other tangible fixed assets | 26 | €9,555 | €6,880 | -€2,675 | -28.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €225,230 | €145,791 | -€79,439 | -35.3% |
| Stocks and contracts in progress | 3 | - | €3,150 | +€3,150 | |
| Stocks | 30/36 | - | €3,150 | +€3,150 | |
| Amounts receivable within one year | 40/41 | €30,431 | €8,866 | -€21,565 | -70.9% |
| Trade receivables | 40 | €25,690 | €5,485 | -€20,206 | -78.7% |
| Other amounts receivable | 41 | €4,741 | €3,382 | -€1,359 | -28.7% |
| Current investments | 50/53 | €90,162 | €90,162 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €102,986 | €42,149 | -€60,837 | -59.1% |
| Deferred charges and accrued income | 490/1 | €1,651 | €1,464 | -€187 | -11.3% |
| Total equity and liabilities | 10/49 | €237,681 | €155,414 | -€82,267 | -34.6% |
| Equity | 10/15 | €202,078 | €74,288 | -€127,790 | -63.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €195,878 | €68,088 | -€127,790 | -65.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €195,878 | €68,088 | -€127,790 | -65.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €35,603 | €81,126 | +€45,523 | +127.9% |
| Amounts payable within one year | 42/48 | €35,603 | €81,126 | +€45,523 | +127.9% |
| Trade debts | 44 | €17,324 | €2,743 | -€14,581 | -84.2% |
| Suppliers | 440/4 | €17,324 | €2,743 | -€14,581 | -84.2% |
| Taxes, remuneration and social security | 45 | €10,618 | €9,923 | -€695 | -6.5% |
| Taxes | 450/3 | €1,013 | €1,901 | +€888 | +87.7% |
| Remuneration and social security | 454/9 | €9,605 | €8,022 | -€1,583 | -16.5% |
| Other amounts payable | 47/48 | €7,661 | €68,460 | +€60,799 | +793.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €86,319 | €86,931 | +€612 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,540 | €3,567 | +€27 | +0.8% |
| Other operating charges | 640/8 | €1,781 | €1,772 | -€9 | -0.5% |
| Gross operating margin | 9900 | €82,789 | €88,429 | +€5,640 | +6.8% |
| Operating profit (loss) | 9901 | -€8,850 | -€3,841 | +€5,009 | +56.6% |
| Financial income | 75/76B | €536 | €368 | -€168 | -31.4% |
| Recurring financial income | 75 | €536 | €368 | -€168 | -31.4% |
| Financial charges | 65/66B | €205 | €421 | +€216 | +105.2% |
| Recurring financial charges | 65 | €205 | €421 | +€216 | +105.2% |
| Profit (loss) for the period before taxes | 9903 | -€8,520 | -€3,894 | +€4,625 | +54.3% |
| Income taxes | 67/77 | €269 | €629 | +€360 | +133.8% |
| Profit (loss) for the period | 9904 | -€8,789 | -€4,523 | +€4,266 | +48.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,789 | -€4,523 | +€4,266 | +48.5% |
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 9 October 2026 via checked.be.