JOSTEO: 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.
JOSTEO
Largest movements
- Cash +€34,508
up €34,508 (+170.8%), from €20,203 to €54,710
mainly Net result for the year (+€53,026) and Depreciation (+€4,968)
- Receivables within one year +€9,366
new in 2025: €9,366
- Tangible fixed assets +€3,711
up €3,711 (+45.8%), from €8,111 to €11,822
of which Plant, machinery and equipment: +€2,524
- Deferred charges and accrued income +€2,525
up €2,525 (+13.7%), from €18,405 to €20,930
- Formation expenses -€1,426
no longer reported in 2025 (was €1,426)
- Profit (loss) carried forward +€53,026
up €53,026 (+126.2%), from €42,014 to €95,041
- Other debts -€2,473
no longer reported in 2025 (was €2,473)
- Trade debts -€1,868
down €1,868 (-59.2%), from €3,157 to €1,288
- Gross operating margin +€14,822
up €14,822 (+26.0%), from €57,021 to €71,843
- Depreciation +€2,514
up €2,514 (+102.5%), from €2,453 to €4,968
- Taxes +€1,975
up €1,975 (+16.5%), from €12,000 to €13,975
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 | €48,144 | €96,829 | +€48,685 | +101.1% |
| Formation expenses | 20 | €1,426 | - | -€1,426 | |
| Fixed assets | 21/28 | €8,111 | €11,822 | +€3,711 | +45.8% |
| Tangible fixed assets | 22/27 | €8,111 | €11,822 | +€3,711 | +45.8% |
| Plant, machinery and equipment | 23 | €3,033 | €5,557 | +€2,524 | +83.2% |
| Furniture and vehicles | 24 | €5,078 | €4,609 | -€469 | -9.2% |
| Other tangible fixed assets | 26 | - | €1,656 | +€1,656 | |
| Current assets | 29/58 | €38,607 | €85,007 | +€46,399 | +120.2% |
| Amounts receivable within one year | 40/41 | - | €9,366 | +€9,366 | |
| Other amounts receivable | 41 | - | €9,366 | +€9,366 | |
| Cash at bank and in hand | 54/58 | €20,203 | €54,710 | +€34,508 | +170.8% |
| Deferred charges and accrued income | 490/1 | €18,405 | €20,930 | +€2,525 | +13.7% |
| Total equity and liabilities | 10/49 | €48,144 | €96,829 | +€48,685 | +101.1% |
| Equity | 10/15 | €42,514 | €95,541 | +€53,026 | +124.7% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,014 | €95,041 | +€53,026 | +126.2% |
| Amounts payable | 17/49 | €5,630 | €1,288 | -€4,342 | -77.1% |
| Amounts payable within one year | 42/48 | €5,630 | €1,288 | -€4,342 | -77.1% |
| Trade debts | 44 | €3,157 | €1,288 | -€1,868 | -59.2% |
| Suppliers | 440/4 | €3,157 | €1,288 | -€1,868 | -59.2% |
| Other amounts payable | 47/48 | €2,473 | - | -€2,473 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,453 | €4,968 | +€2,514 | +102.5% |
| Other operating charges | 640/8 | €517 | €66 | -€451 | -87.3% |
| Gross operating margin | 9900 | €57,021 | €71,843 | +€14,822 | +26.0% |
| Operating profit (loss) | 9901 | €54,050 | €66,809 | +€12,759 | +23.6% |
| Financial income | 75/76B | - | €272 | +€272 | |
| Recurring financial income | 75 | - | €272 | +€272 | |
| Financial charges | 65/66B | €36 | €79 | +€43 | +121.8% |
| Recurring financial charges | 65 | €36 | €79 | +€43 | +121.8% |
| Profit (loss) for the period before taxes | 9903 | €54,014 | €67,002 | +€12,987 | +24.0% |
| Income taxes | 67/77 | €12,000 | €13,975 | +€1,975 | +16.5% |
| Profit (loss) for the period | 9904 | €42,014 | €53,026 | +€11,012 | +26.2% |
| Profit (loss) for the period to be appropriated | 9905 | €42,014 | €53,026 | +€11,012 | +26.2% |
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 1 October 2026 via checked.be.