JOSELLY: 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.
JOSELLY
Largest movements
- Cash +€38,360
up €38,360 (+31.5%), from €121,820 to €160,180
mainly Depreciation (+€33,382) and Receivables within one year (+€19,354)
- Tangible fixed assets -€33,381
down €33,381 (-19.9%), from €167,760 to €134,379
of which Plant, machinery and equipment: -€20,326
- Receivables within one year -€19,354
down €19,354 (-81.0%), from €23,894 to €4,540
of which Other amounts receivable: -€22,696
- Debts after one year -€21,158
no longer reported in 2025 (was €21,158)
- Reserves +€13,987
up €13,987 (+8.0%), from €174,898 to €188,885
of which Distributable reserves: +€13,987
- Gross operating margin -€8,976
down €8,976 (-10.4%), from €86,191 to €77,215
- Financial charges -€1,298
down €1,298 (-36.3%), from €3,580 to €2,282
- Depreciation +€1,033
up €1,033 (+3.2%), from €32,349 to €33,382
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 | €341,654 | €327,688 | -€13,966 | -4.1% |
| Fixed assets | 21/28 | €167,760 | €134,379 | -€33,381 | -19.9% |
| Tangible fixed assets | 22/27 | €167,760 | €134,379 | -€33,381 | -19.9% |
| Plant, machinery and equipment | 23 | €138,385 | €118,059 | -€20,326 | -14.7% |
| Furniture and vehicles | 24 | €29,375 | €16,320 | -€13,055 | -44.4% |
| Current assets | 29/58 | €173,894 | €193,309 | +€19,415 | +11.2% |
| Stocks and contracts in progress | 3 | €5,482 | €5,891 | +€409 | +7.5% |
| Stocks | 30/36 | €5,482 | €5,891 | +€409 | +7.5% |
| Amounts receivable within one year | 40/41 | €23,894 | €4,540 | -€19,354 | -81.0% |
| Trade receivables | 40 | - | €3,342 | +€3,342 | |
| Other amounts receivable | 41 | €23,894 | €1,198 | -€22,696 | -95.0% |
| Cash at bank and in hand | 54/58 | €121,820 | €160,180 | +€38,360 | +31.5% |
| Deferred charges and accrued income | 490/1 | €22,698 | €22,698 | = | 0.0% |
| Total equity and liabilities | 10/49 | €341,654 | €327,688 | -€13,966 | -4.1% |
| Equity | 10/15 | €283,149 | €297,136 | +€13,987 | +4.9% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €174,898 | €188,885 | +€13,987 | +8.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €173,038 | €187,025 | +€13,987 | +8.1% |
| Profit (loss) carried forward | 14 | €102,046 | €102,046 | = | 0.0% |
| Amounts payable | 17/49 | €58,505 | €30,552 | -€27,953 | -47.8% |
| Amounts payable after more than one year | 17 | €21,158 | - | -€21,158 | |
| Financial debts | 170/4 | €21,158 | - | -€21,158 | |
| Amounts payable within one year | 42/48 | €37,347 | €30,552 | -€6,795 | -18.2% |
| Current portion of amounts payable after more than one year | 42 | €24,068 | €21,158 | -€2,910 | -12.1% |
| Trade debts | 44 | €6,644 | €3,816 | -€2,828 | -42.6% |
| Suppliers | 440/4 | €6,644 | €3,816 | -€2,828 | -42.6% |
| Taxes, remuneration and social security | 45 | €6,635 | €5,578 | -€1,057 | -15.9% |
| Taxes | 450/3 | €5,341 | €5,578 | +€237 | +4.4% |
| Remuneration and social security | 454/9 | €1,294 | - | -€1,294 | |
| Remuneration, social security and pensions | 62 | €21,886 | €21,264 | -€622 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,349 | €33,382 | +€1,033 | +3.2% |
| Other operating charges | 640/8 | €1,517 | €1,561 | +€44 | +2.9% |
| Gross operating margin | 9900 | €86,191 | €77,215 | -€8,976 | -10.4% |
| Operating profit (loss) | 9901 | €30,439 | €21,008 | -€9,431 | -31.0% |
| Financial income | 75/76B | €742 | €832 | +€90 | +12.1% |
| Recurring financial income | 75 | €742 | €832 | +€90 | +12.1% |
| Financial charges | 65/66B | €3,580 | €2,282 | -€1,298 | -36.3% |
| Recurring financial charges | 65 | €3,580 | €2,282 | -€1,298 | -36.3% |
| Profit (loss) for the period before taxes | 9903 | €27,601 | €19,558 | -€8,043 | -29.1% |
| Income taxes | 67/77 | €5,371 | €5,571 | +€200 | +3.7% |
| Profit (loss) for the period | 9904 | €22,230 | €13,987 | -€8,243 | -37.1% |
| Profit (loss) for the period to be appropriated | 9905 | €22,230 | €13,987 | -€8,243 | -37.1% |
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 20 October 2026 via checked.be.