JOSY: 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.
JOSY
Largest movements
- Stocks and contracts -€83,505
down €83,505 (-18.8%), from €445,038 to €361,533
- Cash +€13,546
up €13,546 (+26.4%), from €51,385 to €64,932
mainly Stocks and contracts (+€83,505) and Trade debts (+€13,632)
- Reserves -€65,573
down €65,573 (-23.5%), from €279,493 to €213,921
- Debts after one year -€22,068
down €22,068 (-29.3%), from €75,357 to €53,290
of which Other amounts payable: -€21,160
- Trade debts +€13,632
up €13,632 (+41.6%), from €32,806 to €46,438
- Short-term financial debts +€9,403
up €9,403 (+12.9%), from €72,865 to €82,269
- Gross operating margin -€53,933
down €53,933 (-74.1%), from €72,805 to €18,871
- Staff costs +€14,370
up €14,370 (+24.2%), from €59,400 to €73,770
- Other operating charges -€4,131
down €4,131 (-85.7%), from €4,817 to €686
- Financial charges +€2,076
up €2,076 (+24.1%), from €8,620 to €10,696
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 | €728,172 | €658,275 | -€69,897 | -9.6% |
| Fixed assets | 21/28 | €229,426 | €227,530 | -€1,895 | -0.8% |
| Tangible fixed assets | 22/27 | €229,333 | €227,437 | -€1,895 | -0.8% |
| Land and buildings | 22 | €229,333 | €227,437 | -€1,895 | -0.8% |
| Financial fixed assets | 28 | €93 | €93 | = | 0.0% |
| Current assets | 29/58 | €498,746 | €430,745 | -€68,002 | -13.6% |
| Stocks and contracts in progress | 3 | €445,038 | €361,533 | -€83,505 | -18.8% |
| Stocks | 30/36 | €445,038 | €361,533 | -€83,505 | -18.8% |
| Amounts receivable within one year | 40/41 | €2,323 | €4,280 | +€1,957 | +84.2% |
| Trade receivables | 40 | €2,323 | €2,986 | +€663 | +28.5% |
| Other amounts receivable | 41 | - | €1,294 | +€1,294 | |
| Cash at bank and in hand | 54/58 | €51,385 | €64,932 | +€13,546 | +26.4% |
| Total equity and liabilities | 10/49 | €728,172 | €658,275 | -€69,897 | -9.6% |
| Equity | 10/15 | €529,493 | €463,921 | -€65,573 | -12.4% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €279,493 | €213,921 | -€65,573 | -23.5% |
| Distributable reserves | 133 | €279,493 | €213,921 | -€65,573 | -23.5% |
| Amounts payable | 17/49 | €198,679 | €194,354 | -€4,325 | -2.2% |
| Amounts payable after more than one year | 17 | €75,357 | €53,290 | -€22,068 | -29.3% |
| Financial debts | 170/4 | €14,103 | €13,195 | -€908 | -6.4% |
| Other amounts payable | 178/9 | €61,255 | €40,095 | -€21,160 | -34.5% |
| Amounts payable within one year | 42/48 | €123,322 | €141,065 | +€17,743 | +14.4% |
| Current portion of amounts payable after more than one year | 42 | €12,308 | €5,108 | -€7,200 | -58.5% |
| Financial debts | 43 | €72,865 | €82,269 | +€9,403 | +12.9% |
| Credit institutions | 430/8 | €72,865 | €82,269 | +€9,403 | +12.9% |
| Trade debts | 44 | €32,806 | €46,438 | +€13,632 | +41.6% |
| Suppliers | 440/4 | €32,806 | €46,438 | +€13,632 | +41.6% |
| Taxes, remuneration and social security | 45 | €5,343 | €7,250 | +€1,907 | +35.7% |
| Taxes | 450/3 | €2,733 | €3,662 | +€929 | +34.0% |
| Remuneration and social security | 454/9 | €2,610 | €3,588 | +€979 | +37.5% |
| Remuneration, social security and pensions | 62 | €59,400 | €73,770 | +€14,370 | +24.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,978 | €1,895 | -€83 | -4.2% |
| Other operating charges | 640/8 | €4,817 | €686 | -€4,131 | -85.7% |
| Gross operating margin | 9900 | €72,805 | €18,871 | -€53,933 | -74.1% |
| Operating profit (loss) | 9901 | €6,609 | -€57,480 | -€64,089 | |
| Financial income | 75/76B | €3,103 | €3,370 | +€266 | +8.6% |
| Recurring financial income | 75 | €3,103 | €3,370 | +€266 | +8.6% |
| Financial charges | 65/66B | €8,620 | €10,696 | +€2,076 | +24.1% |
| Recurring financial charges | 65 | €8,620 | €10,696 | +€2,076 | +24.1% |
| Profit (loss) for the period before taxes | 9903 | €1,092 | -€64,806 | -€65,898 | |
| Income taxes | 67/77 | €778 | €767 | -€12 | -1.5% |
| Profit (loss) for the period | 9904 | €314 | -€65,573 | -€65,886 | |
| Profit (loss) for the period to be appropriated | 9905 | €314 | -€65,573 | -€65,886 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.