JOSKE: 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.
JOSKE
Largest movements
- Receivables after one year +€25,000
new in 2025: €25,000
- Current investments -€11,385
down €11,385 (-16.9%), from €67,495 to €56,110
- Cash -€10,265
down €10,265 (-84.2%), from €12,188 to €1,923
mainly Receivables after one year (-€25,000) and Debts after one year (-€11,906)
- Tangible fixed assets +€10,122
up €10,122 (+804.1%), from €1,259 to €11,381
- Receivables within one year -€8,918
down €8,918 (-69.7%), from €12,801 to €3,883
of which Other amounts receivable: -€8,183
- Reserves +€67,000
new in 2025: €67,000
- Profit (loss) carried forward -€38,027
down €38,027 (-98.8%), from €38,487 to €460
- Debts after one year -€11,906
down €11,906 (-21.7%), from €54,780 to €42,874
- Trade debts -€6,597
down €6,597 (-44.7%), from €14,753 to €8,156
- Tax, wage and social debts -€5,038
down €5,038 (-14.5%), from €34,853 to €29,815
of which Remuneration and social security: -€7,059
- Gross operating margin -€6,939
down €6,939 (-3.4%), from €204,112 to €197,173
- Staff costs +€6,872
up €6,872 (+4.8%), from €141,958 to €148,831
- Taxes -€2,291
down €2,291 (-23.4%), from €9,784 to €7,492
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 | €164,690 | €170,211 | +€5,521 | +3.4% |
| Formation expenses | 20 | €167 | €0 | -€167 | -100.0% |
| Fixed assets | 21/28 | €64,539 | €67,763 | +€3,224 | +5.0% |
| Intangible fixed assets | 21 | €63,280 | €56,382 | -€6,899 | -10.9% |
| Tangible fixed assets | 22/27 | €1,259 | €11,381 | +€10,122 | +804.1% |
| Plant, machinery and equipment | 23 | €1,259 | €11,381 | +€10,122 | +804.1% |
| Current assets | 29/58 | €99,984 | €102,448 | +€2,464 | +2.5% |
| Amounts receivable after more than one year | 29 | - | €25,000 | +€25,000 | |
| Other amounts receivable | 291 | - | €25,000 | +€25,000 | |
| Stocks and contracts in progress | 3 | €7,500 | €15,345 | +€7,845 | +104.6% |
| Stocks | 30/36 | €7,500 | €15,345 | +€7,845 | +104.6% |
| Amounts receivable within one year | 40/41 | €12,801 | €3,883 | -€8,918 | -69.7% |
| Trade receivables | 40 | €1,502 | €768 | -€734 | -48.9% |
| Other amounts receivable | 41 | €11,299 | €3,115 | -€8,183 | -72.4% |
| Current investments | 50/53 | €67,495 | €56,110 | -€11,385 | -16.9% |
| Cash at bank and in hand | 54/58 | €12,188 | €1,923 | -€10,265 | -84.2% |
| Deferred charges and accrued income | 490/1 | - | €188 | +€188 | |
| Total equity and liabilities | 10/49 | €164,690 | €170,211 | +€5,521 | +3.4% |
| Equity | 10/15 | €48,487 | €77,460 | +€28,973 | +59.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | - | €67,000 | +€67,000 | |
| Distributable reserves | 133 | - | €67,000 | +€67,000 | |
| Profit (loss) carried forward | 14 | €38,487 | €460 | -€38,027 | -98.8% |
| Amounts payable | 17/49 | €116,204 | €92,751 | -€23,453 | -20.2% |
| Amounts payable after more than one year | 17 | €54,780 | €42,874 | -€11,906 | -21.7% |
| Financial debts | 170/4 | €54,780 | €42,874 | -€11,906 | -21.7% |
| Amounts payable within one year | 42/48 | €61,424 | €49,877 | -€11,547 | -18.8% |
| Current portion of amounts payable after more than one year | 42 | €11,425 | €11,906 | +€480 | +4.2% |
| Trade debts | 44 | €14,753 | €8,156 | -€6,597 | -44.7% |
| Suppliers | 440/4 | €14,753 | €8,156 | -€6,597 | -44.7% |
| Taxes, remuneration and social security | 45 | €34,853 | €29,815 | -€5,038 | -14.5% |
| Taxes | 450/3 | €14,327 | €16,348 | +€2,021 | +14.1% |
| Remuneration and social security | 454/9 | €20,526 | €13,467 | -€7,059 | -34.4% |
| Other amounts payable | 47/48 | €392 | €0 | -€392 | -100.0% |
| Remuneration, social security and pensions | 62 | €141,958 | €148,831 | +€6,872 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,999 | €7,835 | +€836 | +11.9% |
| Other operating charges | 640/8 | €1,079 | €1,460 | +€380 | +35.2% |
| Gross operating margin | 9900 | €204,112 | €197,173 | -€6,939 | -3.4% |
| Operating profit (loss) | 9901 | €54,075 | €39,047 | -€15,028 | -27.8% |
| Financial income | 75/76B | - | €1,536 | +€1,536 | |
| Recurring financial income | 75 | - | €1,536 | +€1,536 | |
| Financial charges | 65/66B | €5,805 | €4,117 | -€1,688 | -29.1% |
| Recurring financial charges | 65 | €5,805 | €4,117 | -€1,688 | -29.1% |
| Profit (loss) for the period before taxes | 9903 | €48,270 | €36,466 | -€11,805 | -24.5% |
| Income taxes | 67/77 | €9,784 | €7,492 | -€2,291 | -23.4% |
| Profit (loss) for the period | 9904 | €38,487 | €28,973 | -€9,513 | -24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €38,487 | €28,973 | -€9,513 | -24.7% |
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 5 October 2026 via checked.be.