JOSMINE: 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.
JOSMINE
Largest movements
- Tangible fixed assets -€8,951
down €8,951 (-5.2%), from €172,332 to €163,381
- Cash -€7,704
down €7,704 (-67.3%), from €11,444 to €3,740
mainly Debts after one year (-€11,972) and Net result for the year (-€3,377)
- Debts after one year -€11,972
down €11,972 (-9.3%), from €129,278 to €117,306
- Reserves -€3,377
down €3,377 (-35.8%), from €9,431 to €6,054
- Gross operating margin -€7,931
down €7,931 (-48.3%), from €16,408 to €8,476
- Taxes -€925
no longer reported in 2025 (was €925)
- Financial charges -€248
down €248 (-12.2%), from €2,023 to €1,775
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 | €183,776 | €167,121 | -€16,654 | -9.1% |
| Fixed assets | 21/28 | €172,332 | €163,381 | -€8,951 | -5.2% |
| Tangible fixed assets | 22/27 | €172,332 | €163,381 | -€8,951 | -5.2% |
| Land and buildings | 22 | €172,332 | €163,381 | -€8,951 | -5.2% |
| Current assets | 29/58 | €11,444 | €3,740 | -€7,704 | -67.3% |
| Cash at bank and in hand | 54/58 | €11,444 | €3,740 | -€7,704 | -67.3% |
| Total equity and liabilities | 10/49 | €183,776 | €167,121 | -€16,654 | -9.1% |
| Equity | 10/15 | €14,431 | €11,054 | -€3,377 | -23.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €9,431 | €6,054 | -€3,377 | -35.8% |
| Distributable reserves | 133 | €9,431 | €6,054 | -€3,377 | -35.8% |
| Amounts payable | 17/49 | €169,345 | €156,068 | -€13,277 | -7.8% |
| Amounts payable after more than one year | 17 | €129,278 | €117,306 | -€11,972 | -9.3% |
| Financial debts | 170/4 | €129,278 | €117,306 | -€11,972 | -9.3% |
| Amounts payable within one year | 42/48 | €38,935 | €38,762 | -€173 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €11,818 | €12,963 | +€1,145 | +9.7% |
| Trade debts | 44 | €393 | - | -€393 | |
| Suppliers | 440/4 | €393 | - | -€393 | |
| Taxes, remuneration and social security | 45 | €925 | - | -€925 | |
| Taxes | 450/3 | €925 | - | -€925 | |
| Other amounts payable | 47/48 | €25,799 | €25,799 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,132 | - | -€1,132 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,951 | €8,951 | = | 0.0% |
| Other operating charges | 640/8 | €1,100 | €1,127 | +€27 | +2.5% |
| Gross operating margin | 9900 | €16,408 | €8,476 | -€7,931 | -48.3% |
| Operating profit (loss) | 9901 | €6,357 | -€1,602 | -€7,959 | |
| Financial charges | 65/66B | €2,023 | €1,775 | -€248 | -12.2% |
| Recurring financial charges | 65 | €2,023 | €1,775 | -€248 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €4,334 | -€3,377 | -€7,711 | |
| Income taxes | 67/77 | €925 | - | -€925 | |
| Profit (loss) for the period | 9904 | €3,408 | -€3,377 | -€6,786 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,408 | -€3,377 | -€6,786 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.