JOSWORLD: 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.
JOSWORLD
Largest movements
- Cash +€46,911
up €46,911 (+38.1%), from €123,225 to €170,136
mainly Trade debts (+€28,962) and Tax, wage and social debts (+€27,110)
- Deferred charges and accrued income -€5,583
down €5,583 (-22.6%), from €24,723 to €19,140
- Receivables within one year +€3,141
up €3,141 (+3.3%), from €95,009 to €98,150
of which Trade receivables: +€7,009
- Trade debts +€28,962
up €28,962 (+115.9%), from €24,990 to €53,952
- Tax, wage and social debts +€27,110
up €27,110 (+50.4%), from €53,823 to €80,933
of which Taxes: +€21,772
- Debts after one year -€13,343
down €13,343 (-62.6%), from €21,313 to €7,970
- Profit (loss) carried forward +€11,422
up €11,422 (+18.3%), from €62,437 to €73,859
- Accrued charges and deferred income -€7,668
down €7,668 (-13.3%), from €57,778 to €50,110
- Gross operating margin -€134,964
down €134,964 (-46.8%), from €288,435 to €153,470
- Taxes -€21,172
down €21,172 (-76.8%), from €27,573 to €6,401
- Staff costs -€12,660
down €12,660 (-9.1%), from €138,903 to €126,243
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 | €254,899 | €302,058 | +€47,160 | +18.5% |
| Fixed assets | 21/28 | €11,942 | €14,633 | +€2,691 | +22.5% |
| Tangible fixed assets | 22/27 | €4,942 | €7,633 | +€2,691 | +54.5% |
| Land and buildings | 22 | €2,881 | €1,921 | -€960 | -33.3% |
| Plant, machinery and equipment | 23 | €732 | €1,899 | +€1,166 | +159.2% |
| Furniture and vehicles | 24 | €1,328 | €3,813 | +€2,485 | +187.1% |
| Financial fixed assets | 28 | €7,000 | €7,000 | = | 0.0% |
| Current assets | 29/58 | €242,957 | €287,426 | +€44,469 | +18.3% |
| Amounts receivable within one year | 40/41 | €95,009 | €98,150 | +€3,141 | +3.3% |
| Trade receivables | 40 | €91,141 | €98,150 | +€7,009 | +7.7% |
| Other amounts receivable | 41 | €3,868 | €0 | -€3,868 | -100.0% |
| Cash at bank and in hand | 54/58 | €123,225 | €170,136 | +€46,911 | +38.1% |
| Deferred charges and accrued income | 490/1 | €24,723 | €19,140 | -€5,583 | -22.6% |
| Total equity and liabilities | 10/49 | €254,899 | €302,058 | +€47,160 | +18.5% |
| Equity | 10/15 | €78,437 | €94,859 | +€16,422 | +20.9% |
| Contributions | 10/11 | €16,000 | €16,000 | = | 0.0% |
| Reserves | 13 | - | €5,000 | +€5,000 | |
| Distributable reserves | 133 | - | €5,000 | +€5,000 | |
| Profit (loss) carried forward | 14 | €62,437 | €73,859 | +€11,422 | +18.3% |
| Amounts payable | 17/49 | €176,461 | €207,199 | +€30,738 | +17.4% |
| Amounts payable after more than one year | 17 | €21,313 | €7,970 | -€13,343 | -62.6% |
| Financial debts | 170/4 | €21,313 | €7,970 | -€13,343 | -62.6% |
| Amounts payable within one year | 42/48 | €97,371 | €149,119 | +€51,749 | +53.1% |
| Current portion of amounts payable after more than one year | 42 | €18,557 | €13,343 | -€5,214 | -28.1% |
| Trade debts | 44 | €24,990 | €53,952 | +€28,962 | +115.9% |
| Suppliers | 440/4 | €24,990 | €53,952 | +€28,962 | +115.9% |
| Taxes, remuneration and social security | 45 | €53,823 | €80,933 | +€27,110 | +50.4% |
| Taxes | 450/3 | €44,028 | €65,801 | +€21,772 | +49.5% |
| Remuneration and social security | 454/9 | €9,795 | €15,132 | +€5,337 | +54.5% |
| Other amounts payable | 47/48 | - | €891 | +€891 | |
| Accrued charges and deferred income | 492/3 | €57,778 | €50,110 | -€7,668 | -13.3% |
| Remuneration, social security and pensions | 62 | €138,903 | €126,243 | -€12,660 | -9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,539 | €1,800 | +€262 | +17.0% |
| Other operating charges | 640/8 | €387 | €940 | +€552 | +142.6% |
| Non-recurring operating charges | 66A | €71 | €0 | -€71 | -100.0% |
| Gross operating margin | 9900 | €288,435 | €153,470 | -€134,964 | -46.8% |
| Operating profit (loss) | 9901 | €147,535 | €24,487 | -€123,048 | -83.4% |
| Financial income | 75/76B | €382 | €372 | -€11 | -2.8% |
| Recurring financial income | 75 | €382 | €372 | -€11 | -2.8% |
| Financial charges | 65/66B | €1,626 | €1,145 | -€481 | -29.6% |
| Recurring financial charges | 65 | €1,626 | €1,145 | -€481 | -29.6% |
| Profit (loss) for the period before taxes | 9903 | €146,292 | €23,714 | -€122,578 | -83.8% |
| Income taxes | 67/77 | €27,573 | €6,401 | -€21,172 | -76.8% |
| Profit (loss) for the period | 9904 | €118,718 | €17,313 | -€101,405 | -85.4% |
| Profit (loss) for the period to be appropriated | 9905 | €118,718 | €17,313 | -€101,405 | -85.4% |
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 7 October 2026 via checked.be.