Joso: 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.
Joso
Largest movements
- Tangible fixed assets -€102,122
down €102,122 (-6.7%), from €1.5m to €1.4m
of which Land and buildings: -€84,382
- Cash -€19,963
down €19,963 (-77.2%), from €25,864 to €5,901
mainly Debts after one year (-€64,621) and Contributions, distributions and other (-€63,402)
- Debts after one year -€64,621
down €64,621 (-10.0%), from €649,300 to €584,679
- Reserves -€41,943
down €41,943 (-13.7%), from €306,020 to €264,078
- Other debts -€31,107
down €31,107 (-9.5%), from €328,151 to €297,044
- Accrued charges and deferred income +€18,331
up €18,331 (+974%), from €1,882 to €20,213
- Depreciation +€84,010
up €84,010 (+145%), from €58,119 to €142,128
- Gross operating margin +€50,938
up €50,938 (+44.7%), from €113,888 to €164,826
- Financial income +€45,555
up €45,555 (+993%), from €4,588 to €50,143
- Financial charges +€19,740
up €19,740 (+113%), from €17,538 to €37,278
- Taxes -€10,783
down €10,783 (-82.0%), from €13,149 to €2,367
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 | €1,575,179 | €1,454,187 | -€120,992 | -7.7% |
| Fixed assets | 21/28 | €1,533,839 | €1,431,717 | -€102,122 | -6.7% |
| Tangible fixed assets | 22/27 | €1,528,339 | €1,426,217 | -€102,122 | -6.7% |
| Land and buildings | 22 | €1,447,571 | €1,363,189 | -€84,382 | -5.8% |
| Furniture and vehicles | 24 | €75,679 | €58,783 | -€16,896 | -22.3% |
| Other tangible fixed assets | 26 | €5,089 | €4,244 | -€845 | -16.6% |
| Financial fixed assets | 28 | €5,500 | €5,500 | = | 0.0% |
| Current assets | 29/58 | €41,340 | €22,470 | -€18,870 | -45.6% |
| Amounts receivable within one year | 40/41 | €14,830 | €16,281 | +€1,452 | +9.8% |
| Trade receivables | 40 | €13,500 | €12,500 | -€1,000 | -7.4% |
| Other amounts receivable | 41 | €1,330 | €3,781 | +€2,452 | +184% |
| Cash at bank and in hand | 54/58 | €25,864 | €5,901 | -€19,963 | -77.2% |
| Deferred charges and accrued income | 490/1 | €646 | €288 | -€358 | -55.4% |
| Total equity and liabilities | 10/49 | €1,575,179 | €1,454,187 | -€120,992 | -7.7% |
| Equity | 10/15 | €510,220 | €468,278 | -€41,943 | -8.2% |
| Contributions | 10/11 | €204,200 | €204,200 | = | 0.0% |
| Reserves | 13 | €306,020 | €264,078 | -€41,943 | -13.7% |
| Distributable reserves | 133 | €306,020 | €264,078 | -€41,943 | -13.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,064,959 | €985,909 | -€79,050 | -7.4% |
| Amounts payable after more than one year | 17 | €649,300 | €584,679 | -€64,621 | -10.0% |
| Financial debts | 170/4 | €649,300 | €584,679 | -€64,621 | -10.0% |
| Amounts payable within one year | 42/48 | €413,777 | €381,018 | -€32,759 | -7.9% |
| Current portion of amounts payable after more than one year | 42 | €64,518 | €64,621 | +€103 | +0.2% |
| Financial debts | 43 | €3,033 | €0 | -€3,033 | -100% |
| Credit institutions | 430/8 | €3,033 | €0 | -€3,033 | -100% |
| Trade debts | 44 | €9,151 | €201 | -€8,950 | -97.8% |
| Suppliers | 440/4 | €9,151 | €201 | -€8,950 | -97.8% |
| Taxes, remuneration and social security | 45 | €8,923 | €19,150 | +€10,227 | +115% |
| Taxes | 450/3 | €8,923 | €9,150 | +€227 | +2.5% |
| Remuneration and social security | 454/9 | - | €10,000 | +€10,000 | |
| Other amounts payable | 47/48 | €328,151 | €297,044 | -€31,107 | -9.5% |
| Accrued charges and deferred income | 492/3 | €1,882 | €20,213 | +€18,331 | +974% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,119 | €142,128 | +€84,010 | +145% |
| Other operating charges | 640/8 | €9,834 | €11,737 | +€1,902 | +19.3% |
| Gross operating margin | 9900 | €113,888 | €164,826 | +€50,938 | +44.7% |
| Operating profit (loss) | 9901 | €45,935 | €10,961 | -€34,974 | -76.1% |
| Financial income | 75/76B | €4,588 | €50,143 | +€45,555 | +993% |
| Recurring financial income | 75 | €4,588 | €50,143 | +€45,555 | +993% |
| Financial charges | 65/66B | €17,538 | €37,278 | +€19,740 | +113% |
| Recurring financial charges | 65 | €17,538 | €37,278 | +€19,740 | +113% |
| Profit (loss) for the period before taxes | 9903 | €32,985 | €23,826 | -€9,159 | -27.8% |
| Income taxes | 67/77 | €13,149 | €2,367 | -€10,783 | -82.0% |
| Profit (loss) for the period | 9904 | €19,836 | €21,459 | +€1,624 | +8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,836 | €21,459 | +€1,624 | +8.2% |
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 28 October 2026 via checked.be.