JOSIKEM: 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.
JOSIKEM
Largest movements
- Tangible fixed assets -€112,055
down €112,055 (-58.4%), from €191,738 to €79,684
of which Plant, machinery and equipment: -€117,211
- Receivables within one year -€108,524
down €108,524 (-41.5%), from €261,428 to €152,904
of which Trade receivables: -€87,055
- Cash +€48,826
up €48,826 (+12.4%), from €392,847 to €441,673
mainly Receivables within one year (+€108,524) and Investment in fixed assets (net) (+€83,375)
- Tax, wage and social debts -€65,482
down €65,482 (-77.7%), from €84,293 to €18,810
of which Remuneration and social security: -€67,023
- Other debts -€38,768
down €38,768 (-43.4%), from €89,263 to €50,496
- Profit (loss) carried forward -€26,575
down €26,575 (-9.9%), from -€267,835 to -€294,410
- Current portion of long-term debt -€25,000
down €25,000 (-100%), from €25,000 to €0
- Trade debts -€13,416
down €13,416 (-58.6%), from €22,907 to €9,491
- Staff costs -€216,804
down €216,804, from €216,539 to -€266
- Gross operating margin -€215,797
down €215,797 (-89.5%), from €241,049 to €25,252
- Other operating charges +€24,491
up €24,491 (+213%), from €11,491 to €35,982
- Depreciation -€19,468
down €19,468 (-40.4%), from €48,147 to €28,679
- Financial income -€12,042
down €12,042 (-47.9%), from €25,124 to €13,082
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 | €855,222 | €681,780 | -€173,441 | -20.3% |
| Fixed assets | 21/28 | €193,707 | €81,652 | -€112,055 | -57.8% |
| Tangible fixed assets | 22/27 | €191,738 | €79,684 | -€112,055 | -58.4% |
| Land and buildings | 22 | - | €18,211 | +€18,211 | |
| Plant, machinery and equipment | 23 | €142,739 | €25,528 | -€117,211 | -82.1% |
| Furniture and vehicles | 24 | €49,000 | €35,945 | -€13,055 | -26.6% |
| Financial fixed assets | 28 | €1,968 | €1,968 | = | 0.0% |
| Current assets | 29/58 | €661,515 | €600,128 | -€61,387 | -9.3% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €261,428 | €152,904 | -€108,524 | -41.5% |
| Trade receivables | 40 | €236,192 | €149,137 | -€87,055 | -36.9% |
| Other amounts receivable | 41 | €25,236 | €3,767 | -€21,469 | -85.1% |
| Cash at bank and in hand | 54/58 | €392,847 | €441,673 | +€48,826 | +12.4% |
| Deferred charges and accrued income | 490/1 | €7,240 | €5,551 | -€1,689 | -23.3% |
| Total equity and liabilities | 10/49 | €855,222 | €681,780 | -€173,441 | -20.3% |
| Equity | 10/15 | €629,559 | €602,984 | -€26,575 | -4.2% |
| Contributions | 10/11 | €64,353 | €64,353 | = | 0.0% |
| Reserves | 13 | €833,040 | €833,040 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,435 | €6,435 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,435 | €6,435 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,800 | €10,800 | = | 0.0% |
| Distributable reserves | 133 | €815,805 | €815,805 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€267,835 | -€294,410 | -€26,575 | -9.9% |
| Amounts payable | 17/49 | €225,663 | €78,797 | -€146,866 | -65.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €221,463 | €78,797 | -€142,666 | -64.4% |
| Current portion of amounts payable after more than one year | 42 | €25,000 | €0 | -€25,000 | -100% |
| Trade debts | 44 | €22,907 | €9,491 | -€13,416 | -58.6% |
| Suppliers | 440/4 | €22,907 | €9,491 | -€13,416 | -58.6% |
| Taxes, remuneration and social security | 45 | €84,293 | €18,810 | -€65,482 | -77.7% |
| Taxes | 450/3 | €17,269 | €18,810 | +€1,541 | +8.9% |
| Remuneration and social security | 454/9 | €67,023 | €0 | -€67,023 | -100% |
| Other amounts payable | 47/48 | €89,263 | €50,496 | -€38,768 | -43.4% |
| Accrued charges and deferred income | 492/3 | €4,200 | €0 | -€4,200 | -100% |
| Non-recurring operating income | 76A | €0 | €3,600 | +€3,600 | |
| Remuneration, social security and pensions | 62 | €216,539 | -€266 | -€216,804 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,147 | €28,679 | -€19,468 | -40.4% |
| Other operating charges | 640/8 | €11,491 | €35,982 | +€24,491 | +213% |
| Gross operating margin | 9900 | €241,049 | €25,252 | -€215,797 | -89.5% |
| Operating profit (loss) | 9901 | -€35,127 | -€39,143 | -€4,016 | -11.4% |
| Financial income | 75/76B | €25,124 | €13,082 | -€12,042 | -47.9% |
| Recurring financial income | 75 | €25,124 | €13,082 | -€12,042 | -47.9% |
| Financial charges | 65/66B | €1,537 | €356 | -€1,181 | -76.8% |
| Recurring financial charges | 65 | €1,537 | €356 | -€1,181 | -76.8% |
| Profit (loss) for the period before taxes | 9903 | -€11,540 | -€26,417 | -€14,878 | -129% |
| Income taxes | 67/77 | €2,585 | €158 | -€2,428 | -93.9% |
| Profit (loss) for the period | 9904 | -€14,125 | -€26,575 | -€12,450 | -88.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,125 | -€26,575 | -€12,450 | -88.1% |
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 15 October 2026 via checked.be.