JOSPIN: 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.
JOSPIN
Largest movements
- Receivables within one year -€17,066
down €17,066 (-28.8%), from €59,293 to €42,227
of which Trade receivables: -€19,332
- Cash -€10,137
down €10,137 (-89.5%), from €11,331 to €1,193
mainly Net result for the year (-€28,830) and Trade debts (-€3,083)
- Intangible fixed assets -€5,700
down €5,700 (-100.0%), from €5,700 to €0
- Profit (loss) carried forward -€28,830
down €28,830 (-401.1%), from -€7,188 to -€36,019
- Accrued charges and deferred income +€3,100
up €3,100 (+19.2%), from €16,134 to €19,234
- Trade debts -€3,083
down €3,083 (-11.5%), from €26,785 to €23,702
- Tax, wage and social debts -€3,076
down €3,076 (-42.1%), from €7,312 to €4,236
of which Taxes: -€3,258
- Write-downs +€9,143
new in 2025: €9,143
- Gross operating margin -€3,544
down €3,544 (-16.9%), from €20,971 to €17,427
- Staff costs +€1,455
up €1,455 (+5.3%), from €27,604 to €29,058
- Other operating charges +€779
up €779 (+9236.5%), from €8 to €787
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 | €181,862 | €149,822 | -€32,040 | -17.6% |
| Fixed assets | 21/28 | €5,700 | €0 | -€5,700 | -100.0% |
| Intangible fixed assets | 21 | €5,700 | €0 | -€5,700 | -100.0% |
| Current assets | 29/58 | €176,162 | €149,822 | -€26,340 | -15.0% |
| Stocks and contracts in progress | 3 | €105,538 | €106,401 | +€863 | +0.8% |
| Stocks | 30/36 | €101,334 | €99,204 | -€2,130 | -2.1% |
| Contracts in progress | 37 | €4,204 | €7,198 | +€2,994 | +71.2% |
| Amounts receivable within one year | 40/41 | €59,293 | €42,227 | -€17,066 | -28.8% |
| Trade receivables | 40 | €59,208 | €39,876 | -€19,332 | -32.7% |
| Other amounts receivable | 41 | €85 | €2,351 | +€2,266 | +2674.6% |
| Cash at bank and in hand | 54/58 | €11,331 | €1,193 | -€10,137 | -89.5% |
| Total equity and liabilities | 10/49 | €181,862 | €149,822 | -€32,040 | -17.6% |
| Equity | 10/15 | €554 | -€28,277 | -€28,830 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,542 | €1,542 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,542 | €1,542 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,542 | €1,542 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,188 | -€36,019 | -€28,830 | -401.1% |
| Amounts payable | 17/49 | €181,308 | €178,098 | -€3,210 | -1.8% |
| Amounts payable within one year | 42/48 | €165,174 | €158,864 | -€6,310 | -3.8% |
| Financial debts | 43 | €265 | €209 | -€56 | -21.3% |
| Credit institutions | 430/8 | €265 | €209 | -€56 | -21.3% |
| Trade debts | 44 | €26,785 | €23,702 | -€3,083 | -11.5% |
| Suppliers | 440/4 | €26,785 | €23,702 | -€3,083 | -11.5% |
| Taxes, remuneration and social security | 45 | €7,312 | €4,236 | -€3,076 | -42.1% |
| Taxes | 450/3 | €3,321 | €63 | -€3,258 | -98.1% |
| Remuneration and social security | 454/9 | €3,992 | €4,173 | +€182 | +4.5% |
| Other amounts payable | 47/48 | €130,811 | €130,718 | -€94 | -0.1% |
| Accrued charges and deferred income | 492/3 | €16,134 | €19,234 | +€3,100 | +19.2% |
| Remuneration, social security and pensions | 62 | €27,604 | €29,058 | +€1,455 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,700 | €5,700 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €9,143 | +€9,143 | |
| Other operating charges | 640/8 | €8 | €787 | +€779 | +9236.5% |
| Gross operating margin | 9900 | €20,971 | €17,427 | -€3,544 | -16.9% |
| Operating profit (loss) | 9901 | -€12,342 | -€27,261 | -€14,919 | -120.9% |
| Financial income | 75/76B | €204 | €116 | -€89 | -43.4% |
| Recurring financial income | 75 | €204 | €116 | -€89 | -43.4% |
| Financial charges | 65/66B | €1,707 | €1,634 | -€73 | -4.3% |
| Recurring financial charges | 65 | €1,707 | €1,634 | -€73 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | -€13,844 | -€28,779 | -€14,935 | -107.9% |
| Income taxes | 67/77 | €0 | €51 | +€51 | |
| Profit (loss) for the period | 9904 | -€13,844 | -€28,830 | -€14,986 | -108.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,844 | -€28,830 | -€14,986 | -108.2% |
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 11 October 2026 via checked.be.