JOSEPH: 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.
JOSEPH
Largest movements
- Receivables within one year -€6,591
down €6,591 (-13.2%), from €49,795 to €43,204
of which Other amounts receivable: -€29,891
- Tangible fixed assets +€5,967
up €5,967 (+207.2%), from €2,880 to €8,847
- Deferred charges and accrued income +€1,091
up €1,091 (+1264.3%), from €86 to €1,177
- Tax, wage and social debts +€6,822
new in 2024: €6,822
of which Remuneration and social security: +€6,263
- Profit (loss) carried forward -€4,984
down €4,984 (-15.1%), from €32,938 to €27,954
- Trade debts -€1,002
down €1,002 (-59.4%), from €1,686 to €684
- Staff costs +€37,553
new in 2024: €37,553
- Gross operating margin +€32,437
up €32,437 (+782.8%), from €4,144 to €36,581
- Depreciation +€1,232
up €1,232 (+85.6%), from €1,440 to €2,672
- Other operating charges -€926
down €926 (-54.3%), from €1,706 to €781
- Financial charges -€431
down €431 (-63.4%), from €681 to €250
From the 2023 result to the 2024 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €54,666 | €55,501 | +€836 | +1.5% |
| Fixed assets | 21/28 | €2,970 | €9,117 | +€6,147 | +207.0% |
| Tangible fixed assets | 22/27 | €2,880 | €8,847 | +€5,967 | +207.2% |
| Furniture and vehicles | 24 | €2,880 | €8,847 | +€5,967 | +207.2% |
| Financial fixed assets | 28 | €90 | €270 | +€180 | +200.0% |
| Current assets | 29/58 | €51,696 | €46,385 | -€5,311 | -10.3% |
| Amounts receivable within one year | 40/41 | €49,795 | €43,204 | -€6,591 | -13.2% |
| Trade receivables | 40 | - | €23,300 | +€23,300 | |
| Other amounts receivable | 41 | €49,795 | €19,904 | -€29,891 | -60.0% |
| Cash at bank and in hand | 54/58 | €1,814 | €2,004 | +€190 | +10.5% |
| Deferred charges and accrued income | 490/1 | €86 | €1,177 | +€1,091 | +1264.3% |
| Total equity and liabilities | 10/49 | €54,666 | €55,501 | +€836 | +1.5% |
| Equity | 10/15 | €52,980 | €47,996 | -€4,984 | -9.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,442 | €1,442 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,442 | - | -€1,442 | |
| Reserves not available under the articles | 1311 | €1,442 | - | -€1,442 | |
| Distributable reserves | 133 | - | €1,442 | +€1,442 | |
| Profit (loss) carried forward | 14 | €32,938 | €27,954 | -€4,984 | -15.1% |
| Amounts payable | 17/49 | €1,686 | €7,505 | +€5,819 | +345.1% |
| Amounts payable within one year | 42/48 | €1,686 | €7,505 | +€5,819 | +345.1% |
| Trade debts | 44 | €1,686 | €684 | -€1,002 | -59.4% |
| Suppliers | 440/4 | €1,686 | €684 | -€1,002 | -59.4% |
| Taxes, remuneration and social security | 45 | - | €6,822 | +€6,822 | |
| Taxes | 450/3 | - | €559 | +€559 | |
| Remuneration and social security | 454/9 | - | €6,263 | +€6,263 | |
| Remuneration, social security and pensions | 62 | - | €37,553 | +€37,553 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,440 | €2,672 | +€1,232 | +85.6% |
| Other operating charges | 640/8 | €1,706 | €781 | -€926 | -54.3% |
| Gross operating margin | 9900 | €4,144 | €36,581 | +€32,437 | +782.8% |
| Operating profit (loss) | 9901 | €998 | -€4,425 | -€5,422 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €681 | €250 | -€431 | -63.4% |
| Recurring financial charges | 65 | €681 | €250 | -€431 | -63.4% |
| Profit (loss) for the period before taxes | 9903 | €316 | -€4,675 | -€4,991 | |
| Income taxes | 67/77 | €316 | €309 | -€7 | -2.3% |
| Profit (loss) for the period | 9904 | - | -€4,984 | -€4,984 | |
| Profit (loss) for the period to be appropriated | 9905 | - | -€4,984 | -€4,984 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.