Josten: 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.
Josten
Largest movements
- Receivables after one year +€228,899
up €228,899, from €0 to €228,899
- Cash -€193,962
down €193,962 (-34.7%), from €559,181 to €365,219
mainly Contributions, distributions and other (-€300,000) and Receivables after one year (-€228,899)
- Receivables within one year -€53,152
down €53,152 (-9.3%), from €574,068 to €520,917
of which Other amounts receivable: -€57,432
- Tangible fixed assets +€41,522
up €41,522 (+117.3%), from €35,406 to €76,928
of which Other tangible fixed assets: +€27,886
- Trade debts +€113,182
up €113,182 (+36.4%), from €310,675 to €423,856
- Other debts -€99,939
down €99,939 (-24.9%), from €401,343 to €301,404
- Debts after one year +€17,032
new in 2025: €17,032
- Gross operating margin -€21,101
down €21,101 (-4.8%), from €437,254 to €416,153
- Financial income +€7,913
up €7,913 (+755.7%), from €1,047 to €8,960
- Taxes -€6,582
down €6,582 (-6.0%), from €109,267 to €102,684
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 | €1,199,089 | €1,225,447 | +€26,358 | +2.2% |
| Fixed assets | 21/28 | €35,406 | €76,928 | +€41,522 | +117.3% |
| Tangible fixed assets | 22/27 | €35,406 | €76,928 | +€41,522 | +117.3% |
| Land and buildings | 22 | - | €20,000 | +€20,000 | |
| Plant, machinery and equipment | 23 | €29,546 | €24,182 | -€5,364 | -18.2% |
| Furniture and vehicles | 24 | €4,276 | €3,276 | -€1,000 | -23.4% |
| Other tangible fixed assets | 26 | €1,584 | €29,470 | +€27,886 | +1760.5% |
| Current assets | 29/58 | €1,163,683 | €1,148,518 | -€15,165 | -1.3% |
| Amounts receivable after more than one year | 29 | €0 | €228,899 | +€228,899 | |
| Other amounts receivable | 291 | €0 | €228,899 | +€228,899 | |
| Stocks and contracts in progress | 3 | €30,434 | €30,967 | +€533 | +1.7% |
| Stocks | 30/36 | €30,434 | €30,967 | +€533 | +1.7% |
| Amounts receivable within one year | 40/41 | €574,068 | €520,917 | -€53,152 | -9.3% |
| Trade receivables | 40 | €516,636 | €520,917 | +€4,281 | +0.8% |
| Other amounts receivable | 41 | €57,432 | €0 | -€57,432 | -100.0% |
| Cash at bank and in hand | 54/58 | €559,181 | €365,219 | -€193,962 | -34.7% |
| Deferred charges and accrued income | 490/1 | - | €2,517 | +€2,517 | |
| Total equity and liabilities | 10/49 | €1,199,089 | €1,225,447 | +€26,358 | +2.2% |
| Equity | 10/15 | €379,737 | €388,156 | +€8,419 | +2.2% |
| Contributions | 10/11 | €21,500 | €21,500 | = | 0.0% |
| Reserves | 13 | €358,237 | €366,656 | +€8,419 | +2.4% |
| Distributable reserves | 133 | €358,237 | €366,656 | +€8,419 | +2.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €819,353 | €837,291 | +€17,938 | +2.2% |
| Amounts payable after more than one year | 17 | - | €17,032 | +€17,032 | |
| Financial debts | 170/4 | - | €17,032 | +€17,032 | |
| Amounts payable within one year | 42/48 | €819,353 | €820,259 | +€906 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €66,848 | €66,445 | -€403 | -0.6% |
| Trade debts | 44 | €310,675 | €423,856 | +€113,182 | +36.4% |
| Suppliers | 440/4 | €310,675 | €423,856 | +€113,182 | +36.4% |
| Taxes, remuneration and social security | 45 | €40,487 | €28,554 | -€11,933 | -29.5% |
| Taxes | 450/3 | €40,487 | €28,554 | -€11,933 | -29.5% |
| Other amounts payable | 47/48 | €401,343 | €301,404 | -€99,939 | -24.9% |
| Non-recurring operating income | 76A | - | €1,399 | +€1,399 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,922 | €8,478 | +€2,555 | +43.1% |
| Other operating charges | 640/8 | €1,684 | €2,596 | +€912 | +54.2% |
| Non-recurring operating charges | 66A | €150 | €0 | -€150 | -100.0% |
| Gross operating margin | 9900 | €437,254 | €416,153 | -€21,101 | -4.8% |
| Operating profit (loss) | 9901 | €429,498 | €405,080 | -€24,418 | -5.7% |
| Financial income | 75/76B | €1,047 | €8,960 | +€7,913 | +755.7% |
| Recurring financial income | 75 | €1,047 | €8,960 | +€7,913 | +755.7% |
| Financial charges | 65/66B | €2,957 | €2,937 | -€20 | -0.7% |
| Recurring financial charges | 65 | €2,957 | €2,937 | -€20 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | €427,588 | €411,103 | -€16,485 | -3.9% |
| Income taxes | 67/77 | €109,267 | €102,684 | -€6,582 | -6.0% |
| Profit (loss) for the period | 9904 | €318,321 | €308,419 | -€9,902 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €318,321 | €308,419 | -€9,902 | -3.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.