JOSIR: 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.
JOSIR
Largest movements
- Receivables within one year +€159,307
up €159,307 (+261.4%), from €60,936 to €220,243
of which Other amounts receivable: +€149,072
- Tangible fixed assets -€32,337
down €32,337 (-3.8%), from €850,564 to €818,227
- Receivables after one year +€13,555
new in 2025: €13,555
- Other debts +€224,092
up €224,092 (+609.1%), from €36,788 to €260,880
- Current portion of long-term debt -€41,348
down €41,348 (-58.2%), from €71,047 to €29,699
- Debts after one year -€27,493
down €27,493 (-41.0%), from €67,047 to €39,555
- Tax, wage and social debts -€15,884
down €15,884 (-89.9%), from €17,672 to €1,789
- Gross operating margin -€108,309
down €108,309 (-68.1%), from €159,043 to €50,734
- Taxes -€32,243
down €32,243 (-78.3%), from €41,171 to €8,928
- Depreciation -€2,664
down €2,664 (-7.2%), from €36,788 to €34,124
- Financial charges -€2,527
down €2,527 (-36.7%), from €6,879 to €4,352
- Financial income +€1,993
up €1,993 (+48.8%), from €4,087 to €6,080
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 | €914,344 | €1,056,433 | +€142,089 | +15.5% |
| Fixed assets | 21/28 | €850,564 | €818,227 | -€32,337 | -3.8% |
| Tangible fixed assets | 22/27 | €850,564 | €818,227 | -€32,337 | -3.8% |
| Land and buildings | 22 | €850,564 | €818,227 | -€32,337 | -3.8% |
| Current assets | 29/58 | €63,780 | €238,206 | +€174,426 | +273.5% |
| Amounts receivable after more than one year | 29 | - | €13,555 | +€13,555 | |
| Trade receivables | 290 | - | €13,555 | +€13,555 | |
| Amounts receivable within one year | 40/41 | €60,936 | €220,243 | +€159,307 | +261.4% |
| Trade receivables | 40 | €34,171 | €44,407 | +€10,236 | +30.0% |
| Other amounts receivable | 41 | €26,764 | €175,836 | +€149,072 | +557.0% |
| Cash at bank and in hand | 54/58 | €2,692 | €4,192 | +€1,500 | +55.7% |
| Deferred charges and accrued income | 490/1 | €152 | €216 | +€64 | +42.3% |
| Total equity and liabilities | 10/49 | €914,344 | €1,056,433 | +€142,089 | +15.5% |
| Equity | 10/15 | €665,781 | €671,585 | +€5,804 | +0.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €616,950 | €622,754 | +€5,804 | +0.9% |
| Non-distributable reserves | 130/1 | €33,589 | €33,589 | = | 0.0% |
| Legal reserve | 130 | €33,589 | €33,589 | = | 0.0% |
| Tax-exempt reserves | 132 | €62,278 | €59,563 | -€2,716 | -4.4% |
| Distributable reserves | 133 | €521,083 | €529,603 | +€8,519 | +1.6% |
| Profit (loss) carried forward | 14 | -€12,669 | -€12,669 | = | 0.0% |
| Provisions and deferred taxes | 16 | €27,032 | €25,634 | -€1,398 | -5.2% |
| Deferred taxes | 168 | €27,032 | €25,634 | -€1,398 | -5.2% |
| Amounts payable | 17/49 | €221,531 | €359,215 | +€137,684 | +62.2% |
| Amounts payable after more than one year | 17 | €67,047 | €39,555 | -€27,493 | -41.0% |
| Financial debts | 170/4 | €67,047 | €39,555 | -€27,493 | -41.0% |
| Amounts payable within one year | 42/48 | €153,465 | €318,600 | +€165,135 | +107.6% |
| Current portion of amounts payable after more than one year | 42 | €71,047 | €29,699 | -€41,348 | -58.2% |
| Trade debts | 44 | €27,957 | €26,232 | -€1,725 | -6.2% |
| Suppliers | 440/4 | €27,957 | €26,232 | -€1,725 | -6.2% |
| Taxes, remuneration and social security | 45 | €17,672 | €1,789 | -€15,884 | -89.9% |
| Taxes | 450/3 | €17,672 | €1,789 | -€15,884 | -89.9% |
| Other amounts payable | 47/48 | €36,788 | €260,880 | +€224,092 | +609.1% |
| Accrued charges and deferred income | 492/3 | €1,019 | €1,060 | +€42 | +4.1% |
| Non-recurring operating income | 76A | €117,863 | - | -€117,863 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,788 | €34,124 | -€2,664 | -7.2% |
| Other operating charges | 640/8 | €6,981 | €5,005 | -€1,976 | -28.3% |
| Gross operating margin | 9900 | €159,043 | €50,734 | -€108,309 | -68.1% |
| Operating profit (loss) | 9901 | €115,275 | €11,605 | -€103,670 | -89.9% |
| Financial income | 75/76B | €4,087 | €6,080 | +€1,993 | +48.8% |
| Recurring financial income | 75 | €4,087 | €6,080 | +€1,993 | +48.8% |
| Financial charges | 65/66B | €6,879 | €4,352 | -€2,527 | -36.7% |
| Recurring financial charges | 65 | €6,879 | €4,352 | -€2,527 | -36.7% |
| Profit (loss) for the period before taxes | 9903 | €112,483 | €13,333 | -€99,150 | -88.1% |
| Transfer from deferred taxes | 780 | €2,583 | €1,398 | -€1,185 | -45.9% |
| Income taxes | 67/77 | €41,171 | €8,928 | -€32,243 | -78.3% |
| Profit (loss) for the period | 9904 | €73,895 | €5,804 | -€68,092 | -92.1% |
| Transfer from tax-exempt reserves | 789 | €6,180 | €2,716 | -€3,465 | -56.1% |
| Profit (loss) for the period to be appropriated | 9905 | €80,076 | €8,519 | -€71,556 | -89.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.