JOSEPH & SONS: 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.
JOSEPH & SONS
Largest movements
- Cash -€11,041
down €11,041 (-91.2%), from €12,111 to €1,071
mainly Net result for the year (-€27,506) and Trade debts (-€16,735)
- Receivables within one year -€2,632
down €2,632 (-70.9%), from €3,713 to €1,081
of which Trade receivables: -€2,034
- Tangible fixed assets +€1,189
up €1,189 (+8.5%), from €14,000 to €15,189
of which Other tangible fixed assets: +€2,372
- Deferred charges and accrued income -€599
down €599 (-52.0%), from €1,150 to €552
- Other debts +€30,628
up €30,628 (+84.5%), from €36,236 to €66,865
- Profit (loss) carried forward -€27,506
down €27,506 (-44.8%), from -€61,449 to -€88,955
- Trade debts -€16,735
down €16,735 (-75.6%), from €22,128 to €5,393
- Short-term financial debts +€1,391
up €1,391 (+14.7%), from €9,494 to €10,885
- Accrued charges and deferred income -€1,388
down €1,388 (-77.6%), from €1,787 to €400
- Gross operating margin -€72,098
down €72,098, from €53,240 to -€18,858
- Staff costs -€57,750
down €57,750, from €55,377 to -€2,373
- Depreciation -€5,150
down €5,150 (-64.4%), from €7,995 to €2,846
- Other operating charges -€1,371
down €1,371 (-19.4%), from €7,049 to €5,678
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 | €30,974 | €17,893 | -€13,082 | -42.2% |
| Fixed assets | 21/28 | €14,000 | €15,189 | +€1,189 | +8.5% |
| Tangible fixed assets | 22/27 | €14,000 | €15,189 | +€1,189 | +8.5% |
| Plant, machinery and equipment | 23 | €1,143 | €682 | -€460 | -40.3% |
| Furniture and vehicles | 24 | €1,390 | €668 | -€723 | -52.0% |
| Other tangible fixed assets | 26 | €11,467 | €13,839 | +€2,372 | +20.7% |
| Current assets | 29/58 | €16,975 | €2,703 | -€14,271 | -84.1% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €3,713 | €1,081 | -€2,632 | -70.9% |
| Trade receivables | 40 | €2,034 | €0 | -€2,034 | -100.0% |
| Other amounts receivable | 41 | €1,678 | €1,081 | -€597 | -35.6% |
| Cash at bank and in hand | 54/58 | €12,111 | €1,071 | -€11,041 | -91.2% |
| Deferred charges and accrued income | 490/1 | €1,150 | €552 | -€599 | -52.0% |
| Total equity and liabilities | 10/49 | €30,974 | €17,893 | -€13,082 | -42.2% |
| Equity | 10/15 | -€40,989 | -€68,495 | -€27,506 | -67.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,449 | -€88,955 | -€27,506 | -44.8% |
| Amounts payable | 17/49 | €71,963 | €86,388 | +€14,425 | +20.0% |
| Amounts payable within one year | 42/48 | €70,176 | €85,988 | +€15,812 | +22.5% |
| Current portion of amounts payable after more than one year | 42 | - | €1,000 | +€1,000 | |
| Financial debts | 43 | €9,494 | €10,885 | +€1,391 | +14.7% |
| Credit institutions | 430/8 | €9,494 | €10,885 | +€1,391 | +14.7% |
| Trade debts | 44 | €22,128 | €5,393 | -€16,735 | -75.6% |
| Suppliers | 440/4 | €22,128 | €5,393 | -€16,735 | -75.6% |
| Taxes, remuneration and social security | 45 | €2,318 | €1,846 | -€472 | -20.4% |
| Taxes | 450/3 | €437 | €1,846 | +€1,408 | +321.9% |
| Remuneration and social security | 454/9 | €1,880 | €0 | -€1,880 | -100.0% |
| Other amounts payable | 47/48 | €36,236 | €66,865 | +€30,628 | +84.5% |
| Accrued charges and deferred income | 492/3 | €1,787 | €400 | -€1,388 | -77.6% |
| Remuneration, social security and pensions | 62 | €55,377 | -€2,373 | -€57,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,995 | €2,846 | -€5,150 | -64.4% |
| Other operating charges | 640/8 | €7,049 | €5,678 | -€1,371 | -19.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €53,240 | -€18,858 | -€72,098 | |
| Operating profit (loss) | 9901 | -€17,181 | -€25,008 | -€7,827 | -45.6% |
| Financial income | 75/76B | €77 | €0 | -€77 | -100.0% |
| Recurring financial income | 75 | €77 | €0 | -€77 | -100.0% |
| Financial charges | 65/66B | €1,886 | €2,355 | +€469 | +24.9% |
| Recurring financial charges | 65 | €1,886 | €2,355 | +€469 | +24.9% |
| Profit (loss) for the period before taxes | 9903 | -€18,990 | -€27,364 | -€8,374 | -44.1% |
| Income taxes | 67/77 | €137 | €143 | +€5 | +3.9% |
| Profit (loss) for the period | 9904 | -€19,127 | -€27,506 | -€8,379 | -43.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,127 | -€27,506 | -€8,379 | -43.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.