JOSSON - WATTEYNE: 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.
JOSSON - WATTEYNE
Largest movements
- Current investments +€130,127
up €130,127 (+10.9%), from €1.2m to €1.3m
- Reserves +€75,000
up €75,000 (+6.0%), from €1.2m to €1.3m
of which Distributable reserves: +€75,000
- Profit (loss) carried forward +€51,102
up €51,102, from -€43,247 to €7,854
- Financial income +€45,213
up €45,213 (+103%), from €43,713 to €88,927
- Gross operating margin +€41,068
up €41,068 (+140%), from €29,407 to €70,475
- Other operating charges -€22,374
down €22,374 (-68.6%), from €32,617 to €10,242
- Taxes +€14,843
up €14,843 (+874%), from €1,699 to €16,542
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 | €1,307,444 | €1,433,528 | +€126,084 | +9.6% |
| Fixed assets | 21/28 | €82,551 | €76,573 | -€5,978 | -7.2% |
| Tangible fixed assets | 22/27 | €82,551 | €76,573 | -€5,978 | -7.2% |
| Land and buildings | 22 | €82,551 | €76,573 | -€5,978 | -7.2% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €1,224,893 | €1,356,955 | +€132,062 | +10.8% |
| Amounts receivable within one year | 40/41 | €24,348 | €27,736 | +€3,388 | +13.9% |
| Other amounts receivable | 41 | €24,348 | €27,736 | +€3,388 | +13.9% |
| Current investments | 50/53 | €1,196,792 | €1,326,919 | +€130,127 | +10.9% |
| Cash at bank and in hand | 54/58 | €2,102 | €605 | -€1,497 | -71.2% |
| Deferred charges and accrued income | 490/1 | €1,652 | €1,696 | +€45 | +2.7% |
| Total equity and liabilities | 10/49 | €1,307,444 | €1,433,528 | +€126,084 | +9.6% |
| Equity | 10/15 | €1,307,427 | €1,433,528 | +€126,102 | +9.6% |
| Contributions | 10/11 | €105,355 | €105,355 | = | 0.0% |
| Capital | 10 | €105,355 | €105,355 | = | 0.0% |
| Issued capital | 100 | €105,355 | €105,355 | = | 0.0% |
| Reserves | 13 | €1,245,319 | €1,320,319 | +€75,000 | +6.0% |
| Non-distributable reserves | 130/1 | €10,535 | €10,535 | = | 0.0% |
| Legal reserve | 130 | €10,535 | €10,535 | = | 0.0% |
| Distributable reserves | 133 | €1,234,784 | €1,309,784 | +€75,000 | +6.1% |
| Profit (loss) carried forward | 14 | -€43,247 | €7,854 | +€51,102 | |
| Amounts payable | 17/49 | €17 | €0 | -€17 | -100% |
| Amounts payable within one year | 42/48 | €17 | €0 | -€17 | -100% |
| Trade debts | 44 | €17 | €0 | -€17 | -100% |
| Suppliers | 440/4 | €17 | - | -€17 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,978 | €5,978 | = | 0.0% |
| Other operating charges | 640/8 | €32,617 | €10,242 | -€22,374 | -68.6% |
| Gross operating margin | 9900 | €29,407 | €70,475 | +€41,068 | +140% |
| Operating profit (loss) | 9901 | -€9,188 | €54,255 | +€63,442 | |
| Financial income | 75/76B | €43,713 | €88,927 | +€45,213 | +103% |
| Recurring financial income | 75 | €43,713 | €88,927 | +€45,213 | +103% |
| Financial charges | 65/66B | €562 | €538 | -€25 | -4.4% |
| Recurring financial charges | 65 | €562 | €538 | -€25 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €33,963 | €142,644 | +€108,680 | +320% |
| Income taxes | 67/77 | €1,699 | €16,542 | +€14,843 | +874% |
| Profit (loss) for the period | 9904 | €32,265 | €126,102 | +€93,837 | +291% |
| Profit (loss) for the period to be appropriated | 9905 | €32,265 | €126,102 | +€93,837 | +291% |
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.