JOSELINE: 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.
JOSELINE
Largest movements
- Cash -€64,632
down €64,632 (-75.6%), from €85,539 to €20,907
mainly Contributions, distributions and other (-€300,000) and Receivables within one year (-€27,088)
- Receivables within one year +€27,088
up €27,088 (+14.6%), from €185,306 to €212,394
of which Trade receivables: +€27,088
- Tangible fixed assets +€10,642
up €10,642 (+4.4%), from €242,523 to €253,165
of which Other tangible fixed assets: +€17,582
- Other debts +€170,434
up €170,434 (+1,117%), from €15,262 to €185,696
- Reserves -€166,552
down €166,552 (-48.9%), from €340,875 to €174,323
- Tax, wage and social debts -€14,318
down €14,318 (-37.2%), from €38,517 to €24,199
- Debts after one year -€12,104
down €12,104 (-6.7%), from €179,728 to €167,624
- Provisions +€43,883
up €43,883, from -€43,883 to €0
- Financial charges -€38,937
down €38,937 (-76.4%), from €50,955 to €12,017
- Taxes +€26,045
up €26,045 (+79.7%), from €32,666 to €58,712
- Gross operating margin +€17,315
up €17,315 (+8.7%), from €198,654 to €215,968
- Other operating charges +€3,058
up €3,058 (+389%), from €786 to €3,845
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 | €594,008 | €567,105 | -€26,902 | -4.5% |
| Fixed assets | 21/28 | €323,163 | €333,805 | +€10,642 | +3.3% |
| Tangible fixed assets | 22/27 | €242,523 | €253,165 | +€10,642 | +4.4% |
| Land and buildings | 22 | €240,125 | €232,883 | -€7,242 | -3.0% |
| Furniture and vehicles | 24 | €273 | €575 | +€302 | +111% |
| Other tangible fixed assets | 26 | €2,125 | €19,707 | +€17,582 | +827% |
| Financial fixed assets | 28 | €80,640 | €80,640 | = | 0.0% |
| Current assets | 29/58 | €270,845 | €233,301 | -€37,544 | -13.9% |
| Amounts receivable within one year | 40/41 | €185,306 | €212,394 | +€27,088 | +14.6% |
| Trade receivables | 40 | €182,972 | €210,060 | +€27,088 | +14.8% |
| Other amounts receivable | 41 | €2,334 | €2,334 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €85,539 | €20,907 | -€64,632 | -75.6% |
| Total equity and liabilities | 10/49 | €594,008 | €567,105 | -€26,902 | -4.5% |
| Equity | 10/15 | €343,875 | €177,323 | -€166,552 | -48.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €340,875 | €174,323 | -€166,552 | -48.9% |
| Distributable reserves | 133 | €340,875 | €174,323 | -€166,552 | -48.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €250,133 | €389,782 | +€139,650 | +55.8% |
| Amounts payable after more than one year | 17 | €179,728 | €167,624 | -€12,104 | -6.7% |
| Financial debts | 170/4 | €179,728 | €167,624 | -€12,104 | -6.7% |
| Amounts payable within one year | 42/48 | €70,405 | €222,158 | +€151,753 | +216% |
| Current portion of amounts payable after more than one year | 42 | €11,627 | €12,104 | +€477 | +4.1% |
| Trade debts | 44 | €4,999 | €160 | -€4,839 | -96.8% |
| Suppliers | 440/4 | €4,999 | €160 | -€4,839 | -96.8% |
| Taxes, remuneration and social security | 45 | €38,517 | €24,199 | -€14,318 | -37.2% |
| Taxes | 450/3 | €38,517 | €24,199 | -€14,318 | -37.2% |
| Other amounts payable | 47/48 | €15,262 | €185,696 | +€170,434 | +1,117% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,690 | €7,946 | +€256 | +3.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€43,883 | €0 | +€43,883 | |
| Other operating charges | 640/8 | €786 | €3,845 | +€3,058 | +389% |
| Gross operating margin | 9900 | €198,654 | €215,968 | +€17,315 | +8.7% |
| Operating profit (loss) | 9901 | €234,060 | €204,177 | -€29,883 | -12.8% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €50,955 | €12,017 | -€38,937 | -76.4% |
| Recurring financial charges | 65 | €50,955 | €12,017 | -€38,937 | -76.4% |
| Profit (loss) for the period before taxes | 9903 | €183,105 | €192,160 | +€9,055 | +4.9% |
| Income taxes | 67/77 | €32,666 | €58,712 | +€26,045 | +79.7% |
| Profit (loss) for the period | 9904 | €150,439 | €133,448 | -€16,990 | -11.3% |
| Profit (loss) for the period to be appropriated | 9905 | €150,439 | €133,448 | -€16,990 | -11.3% |
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.