JoSt: 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.
JoSt
Largest movements
- Stocks and contracts +€170,113
up €170,113 (+58.7%), from €289,578 to €459,691
- Tangible fixed assets -€122,538
down €122,538 (-13.8%), from €886,681 to €764,143
of which Leasing and similar rights: -€85,074
- Receivables within one year -€50,496
down €50,496 (-40.1%), from €126,012 to €75,516
of which Trade receivables: -€42,685
- Intangible fixed assets -€49,958
down €49,958 (-30.0%), from €166,526 to €116,568
- Deferred charges and accrued income +€32,597
up €32,597 (+257%), from €12,693 to €45,290
- Short-term financial debts +€123,460
up €123,460 (+493%), from €25,031 to €148,491
- Trade debts -€98,160
down €98,160 (-39.1%), from €250,826 to €152,666
- Tax, wage and social debts -€38,085
down €38,085 (-69.4%), from €54,847 to €16,762
of which Taxes: -€21,651
- Profit (loss) carried forward -€25,008
down €25,008 (-1,025%), from -€2,439 to -€27,446
- Staff costs -€34,499
down €34,499 (-18.3%), from €189,009 to €154,510
- Depreciation +€24,375
up €24,375 (+16.5%), from €148,121 to €172,496
- Other operating charges -€6,376
down €6,376 (-21.8%), from €29,272 to €22,896
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,972,710 | €1,934,339 | -€38,371 | -1.9% |
| Fixed assets | 21/28 | €1,521,423 | €1,348,927 | -€172,496 | -11.3% |
| Intangible fixed assets | 21 | €166,526 | €116,568 | -€49,958 | -30.0% |
| Tangible fixed assets | 22/27 | €886,681 | €764,143 | -€122,538 | -13.8% |
| Land and buildings | 22 | €66,912 | €59,172 | -€7,740 | -11.6% |
| Plant, machinery and equipment | 23 | €384,041 | €354,639 | -€29,402 | -7.7% |
| Furniture and vehicles | 24 | €565 | €243 | -€322 | -56.9% |
| Leasing and similar rights | 25 | €435,163 | €350,089 | -€85,074 | -19.5% |
| Financial fixed assets | 28 | €468,215 | €468,215 | = | 0.0% |
| Current assets | 29/58 | €451,287 | €585,412 | +€134,125 | +29.7% |
| Stocks and contracts in progress | 3 | €289,578 | €459,691 | +€170,113 | +58.7% |
| Stocks | 30/36 | €289,578 | €459,691 | +€170,113 | +58.7% |
| Amounts receivable within one year | 40/41 | €126,012 | €75,516 | -€50,496 | -40.1% |
| Trade receivables | 40 | €42,960 | €275 | -€42,685 | -99.4% |
| Other amounts receivable | 41 | €83,052 | €75,241 | -€7,811 | -9.4% |
| Cash at bank and in hand | 54/58 | €23,004 | €4,915 | -€18,090 | -78.6% |
| Deferred charges and accrued income | 490/1 | €12,693 | €45,290 | +€32,597 | +257% |
| Total equity and liabilities | 10/49 | €1,972,710 | €1,934,339 | -€38,371 | -1.9% |
| Equity | 10/15 | €211,493 | €186,485 | -€25,008 | -11.8% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €139,564 | €139,564 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,290 | €4,290 | = | 0.0% |
| Legal reserve | 130 | €4,290 | €4,290 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,871 | €1,871 | = | 0.0% |
| Distributable reserves | 133 | €133,403 | €133,403 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,439 | -€27,446 | -€25,008 | -1,025% |
| Amounts payable | 17/49 | €1,761,217 | €1,747,853 | -€13,363 | -0.8% |
| Amounts payable after more than one year | 17 | €1,286,225 | €1,274,140 | -€12,086 | -0.9% |
| Financial debts | 170/4 | €1,286,225 | €1,274,140 | -€12,086 | -0.9% |
| Amounts payable within one year | 42/48 | €474,403 | €473,195 | -€1,207 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €121,013 | €138,531 | +€17,518 | +14.5% |
| Financial debts | 43 | €25,031 | €148,491 | +€123,460 | +493% |
| Credit institutions | 430/8 | €25,031 | €148,491 | +€123,460 | +493% |
| Trade debts | 44 | €250,826 | €152,666 | -€98,160 | -39.1% |
| Suppliers | 440/4 | €250,826 | €152,666 | -€98,160 | -39.1% |
| Taxes, remuneration and social security | 45 | €54,847 | €16,762 | -€38,085 | -69.4% |
| Taxes | 450/3 | €25,835 | €4,184 | -€21,651 | -83.8% |
| Remuneration and social security | 454/9 | €29,012 | €12,578 | -€16,434 | -56.6% |
| Other amounts payable | 47/48 | €22,685 | €16,744 | -€5,941 | -26.2% |
| Accrued charges and deferred income | 492/3 | €589 | €518 | -€71 | -12.0% |
| Remuneration, social security and pensions | 62 | €189,009 | €154,510 | -€34,499 | -18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €148,121 | €172,496 | +€24,375 | +16.5% |
| Other operating charges | 640/8 | €29,272 | €22,896 | -€6,376 | -21.8% |
| Gross operating margin | 9900 | €401,410 | €398,678 | -€2,732 | -0.7% |
| Operating profit (loss) | 9901 | €35,008 | €48,777 | +€13,769 | +39.3% |
| Financial income | 75/76B | €1 | €0 | -€1 | -99.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -99.0% |
| Financial charges | 65/66B | €70,468 | €73,370 | +€2,902 | +4.1% |
| Recurring financial charges | 65 | €70,468 | €73,370 | +€2,902 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | -€35,459 | -€24,593 | +€10,866 | +30.6% |
| Income taxes | 67/77 | €3,448 | €414 | -€3,034 | -88.0% |
| Profit (loss) for the period | 9904 | -€38,907 | -€25,008 | +€13,900 | +35.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,907 | -€25,008 | +€13,900 | +35.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.