JOSEG: 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.
JOSEG
Largest movements
- Tangible fixed assets -€40,721
down €40,721 (-2.8%), from €1.5m to €1.4m
- Other debts -€250,000
down €250,000 (-70.9%), from €352,650 to €102,650
- Debts after one year +€168,954
up €168,954 (+30.0%), from €562,817 to €731,771
- Profit (loss) carried forward +€25,493
up €25,493 (+38.2%), from -€66,817 to -€41,324
- Financial charges +€8,057
up €8,057 (+78.2%), from €10,306 to €18,363
- Turnover +€4,656
up €4,656 (+4.4%), from €104,904 to €109,560
- Gross operating margin +€2,605
up €2,605 (+3.0%), from €86,507 to €89,112
- Purchases and services +€2,051
up €2,051 (+11.1%), from €18,397 to €20,448
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 | €1,506,441 | €1,463,855 | -€42,586 | -2.8% |
| Fixed assets | 21/28 | €1,472,694 | €1,431,973 | -€40,721 | -2.8% |
| Tangible fixed assets | 22/27 | €1,472,694 | €1,431,973 | -€40,721 | -2.8% |
| Land and buildings | 22 | €1,472,694 | €1,431,973 | -€40,721 | -2.8% |
| Current assets | 29/58 | €33,747 | €31,882 | -€1,865 | -5.5% |
| Cash at bank and in hand | 54/58 | €28,618 | €28,140 | -€478 | -1.7% |
| Deferred charges and accrued income | 490/1 | €5,129 | €3,742 | -€1,387 | -27.0% |
| Total equity and liabilities | 10/49 | €1,506,441 | €1,463,855 | -€42,586 | -2.8% |
| Equity | 10/15 | €533,183 | €558,676 | +€25,493 | +4.8% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,817 | -€41,324 | +€25,493 | +38.2% |
| Amounts payable | 17/49 | €973,258 | €905,179 | -€68,079 | -7.0% |
| Amounts payable after more than one year | 17 | €562,817 | €731,771 | +€168,954 | +30.0% |
| Financial debts | 170/4 | €562,817 | €731,771 | +€168,954 | +30.0% |
| Amounts payable within one year | 42/48 | €410,441 | €173,408 | -€237,033 | -57.8% |
| Current portion of amounts payable after more than one year | 42 | €56,806 | €70,681 | +€13,875 | +24.4% |
| Trade debts | 44 | €985 | €77 | -€908 | -92.2% |
| Suppliers | 440/4 | €985 | €77 | -€908 | -92.2% |
| Other amounts payable | 47/48 | €352,650 | €102,650 | -€250,000 | -70.9% |
| Turnover | 70 | €104,904 | €109,560 | +€4,656 | +4.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €18,397 | €20,448 | +€2,051 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,720 | €40,721 | +€1 | 0.0% |
| Other operating charges | 640/8 | €4,400 | €4,535 | +€135 | +3.1% |
| Gross operating margin | 9900 | €86,507 | €89,112 | +€2,605 | +3.0% |
| Operating profit (loss) | 9901 | €41,387 | €43,856 | +€2,469 | +6.0% |
| Financial charges | 65/66B | €10,306 | €18,363 | +€8,057 | +78.2% |
| Recurring financial charges | 65 | €10,306 | €18,363 | +€8,057 | +78.2% |
| Profit (loss) for the period before taxes | 9903 | €31,081 | €25,493 | -€5,588 | -18.0% |
| Profit (loss) for the period | 9904 | €31,081 | €25,493 | -€5,588 | -18.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,081 | €25,493 | -€5,588 | -18.0% |
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 4 October 2026 via checked.be.