JOSIM: 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.
JOSIM
Largest movements
- Cash -€56,501
down €56,501 (-49.5%), from €114,091 to €57,591
mainly Receivables within one year (-€49,095) and Net result for the year (-€33,524)
- Receivables within one year +€49,095
up €49,095 (+12.7%), from €386,986 to €436,081
of which Other amounts receivable: +€49,495
- Profit (loss) carried forward -€33,524
down €33,524 (-565.2%), from -€5,931 to -€39,454
- Debts after one year +€29,232
up €29,232 (+1.8%), from €1.6m to €1.6m
- Financial income -€79,136
down €79,136 (-54.5%), from €145,270 to €66,134
- Gross operating margin -€17,827
down €17,827 (-623.0%), from -€2,861 to -€20,688
- Financial charges -€12,406
down €12,406 (-15.6%), from €79,410 to €67,004
- Depreciation +€5,881
up €5,881 (+123.9%), from €4,746 to €10,627
- Other operating charges -€214
down €214 (-15.4%), from €1,391 to €1,177
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 | €2,313,454 | €2,295,421 | -€18,033 | -0.8% |
| Fixed assets | 21/28 | €1,812,376 | €1,801,750 | -€10,627 | -0.6% |
| Tangible fixed assets | 22/27 | €54,838 | €44,211 | -€10,627 | -19.4% |
| Land and buildings | 22 | €13,665 | €11,932 | -€1,733 | -12.7% |
| Plant, machinery and equipment | 23 | €2,866 | €2,124 | -€743 | -25.9% |
| Furniture and vehicles | 24 | €38,306 | €30,155 | -€8,151 | -21.3% |
| Financial fixed assets | 28 | €1,757,538 | €1,757,538 | = | 0.0% |
| Current assets | 29/58 | €501,077 | €493,671 | -€7,406 | -1.5% |
| Amounts receivable within one year | 40/41 | €386,986 | €436,081 | +€49,095 | +12.7% |
| Trade receivables | 40 | €400 | - | -€400 | |
| Other amounts receivable | 41 | €386,586 | €436,081 | +€49,495 | +12.8% |
| Cash at bank and in hand | 54/58 | €114,091 | €57,591 | -€56,501 | -49.5% |
| Total equity and liabilities | 10/49 | €2,313,454 | €2,295,421 | -€18,033 | -0.8% |
| Equity | 10/15 | €710,706 | €677,183 | -€33,524 | -4.7% |
| Contributions | 10/11 | €510,000 | €510,000 | = | 0.0% |
| Reserves | 13 | €206,637 | €206,637 | = | 0.0% |
| Distributable reserves | 133 | €206,637 | €206,637 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,931 | -€39,454 | -€33,524 | -565.2% |
| Amounts payable | 17/49 | €1,602,747 | €1,618,238 | +€15,491 | +1.0% |
| Amounts payable after more than one year | 17 | €1,580,844 | €1,610,076 | +€29,232 | +1.8% |
| Other amounts payable | 178/9 | €1,580,844 | €1,610,076 | +€29,232 | +1.8% |
| Amounts payable within one year | 42/48 | €21,903 | €8,162 | -€13,741 | -62.7% |
| Trade debts | 44 | €678 | €156 | -€523 | -77.1% |
| Suppliers | 440/4 | €678 | €156 | -€523 | -77.1% |
| Taxes, remuneration and social security | 45 | €574 | €780 | +€206 | +35.9% |
| Taxes | 450/3 | €574 | €238 | -€336 | -58.5% |
| Remuneration and social security | 454/9 | - | €542 | +€542 | |
| Other amounts payable | 47/48 | €20,651 | €7,227 | -€13,424 | -65.0% |
| Non-recurring operating income | 76A | €17,075 | - | -€17,075 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,746 | €10,627 | +€5,881 | +123.9% |
| Other operating charges | 640/8 | €1,391 | €1,177 | -€214 | -15.4% |
| Gross operating margin | 9900 | -€2,861 | -€20,688 | -€17,827 | -623.0% |
| Operating profit (loss) | 9901 | -€8,999 | -€32,492 | -€23,493 | -261.1% |
| Financial income | 75/76B | €145,270 | €66,134 | -€79,136 | -54.5% |
| Recurring financial income | 75 | €145,270 | €66,134 | -€79,136 | -54.5% |
| Financial charges | 65/66B | €79,410 | €67,004 | -€12,406 | -15.6% |
| Recurring financial charges | 65 | €79,410 | €67,004 | -€12,406 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €56,861 | -€33,362 | -€90,223 | |
| Income taxes | 67/77 | €376 | €162 | -€214 | -56.9% |
| Profit (loss) for the period | 9904 | €56,486 | -€33,524 | -€90,009 | |
| Profit (loss) for the period to be appropriated | 9905 | €56,486 | -€33,524 | -€90,009 |
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 11 October 2026 via checked.be.