JOTHAN: 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.
JOTHAN
Largest movements
- Receivables within one year -€3,592
down €3,592 (-85.5%), from €4,201 to €609
of which Other amounts receivable: -€3,962
- Cash +€3,326
up €3,326 (+16.6%), from €19,982 to €23,308
mainly Receivables within one year (+€3,592) and Trade debts (+€1,941)
- Profit (loss) carried forward -€2,519
down €2,519, from €220 to -€2,299
- Trade debts +€1,941
up €1,941 (+141.8%), from €1,369 to €3,310
- Other debts +€1,039
new in 2025: €1,039
- Gross operating margin -€2,252
down €2,252 (-68.6%), from €3,283 to €1,031
- Depreciation -€1,355
down €1,355 (-81.1%), from €1,670 to €315
- Financial income -€738
down €738 (-98.7%), from €748 to €10
- Financial charges +€416
up €416 (+619.5%), from €67 to €483
- Other operating charges +€150
up €150 (+5.8%), from €2,612 to €2,762
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 | €29,094 | €29,278 | +€184 | +0.6% |
| Fixed assets | 21/28 | €2,968 | €3,191 | +€222 | +7.5% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €568 | €791 | +€222 | +39.1% |
| Plant, machinery and equipment | 23 | €568 | €791 | +€222 | +39.1% |
| Financial fixed assets | 28 | €2,400 | €2,400 | = | 0.0% |
| Current assets | 29/58 | €26,126 | €26,088 | -€38 | -0.1% |
| Stocks and contracts in progress | 3 | €1,380 | €1,517 | +€137 | +9.9% |
| Stocks | 30/36 | €1,380 | €1,517 | +€137 | +9.9% |
| Amounts receivable within one year | 40/41 | €4,201 | €609 | -€3,592 | -85.5% |
| Trade receivables | 40 | - | €370 | +€370 | |
| Other amounts receivable | 41 | €4,201 | €239 | -€3,962 | -94.3% |
| Cash at bank and in hand | 54/58 | €19,982 | €23,308 | +€3,326 | +16.6% |
| Deferred charges and accrued income | 490/1 | €563 | €654 | +€91 | +16.1% |
| Total equity and liabilities | 10/49 | €29,094 | €29,278 | +€184 | +0.6% |
| Equity | 10/15 | €25,220 | €22,701 | -€2,519 | -10.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €220 | -€2,299 | -€2,519 | |
| Amounts payable | 17/49 | €3,874 | €6,577 | +€2,703 | +69.8% |
| Amounts payable within one year | 42/48 | €3,874 | €6,577 | +€2,703 | +69.8% |
| Trade debts | 44 | €1,369 | €3,310 | +€1,941 | +141.8% |
| Suppliers | 440/4 | €1,369 | €3,310 | +€1,941 | +141.8% |
| Taxes, remuneration and social security | 45 | €2,505 | €2,228 | -€277 | -11.1% |
| Taxes | 450/3 | €2,505 | €2,228 | -€277 | -11.1% |
| Other amounts payable | 47/48 | - | €1,039 | +€1,039 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,670 | €315 | -€1,355 | -81.1% |
| Other operating charges | 640/8 | €2,612 | €2,762 | +€150 | +5.8% |
| Gross operating margin | 9900 | €3,283 | €1,031 | -€2,252 | -68.6% |
| Operating profit (loss) | 9901 | -€999 | -€2,046 | -€1,048 | -104.9% |
| Financial income | 75/76B | €748 | €10 | -€738 | -98.7% |
| Recurring financial income | 75 | €748 | €10 | -€738 | -98.7% |
| Financial charges | 65/66B | €67 | €483 | +€416 | +619.5% |
| Recurring financial charges | 65 | €67 | €483 | +€416 | +619.5% |
| Profit (loss) for the period before taxes | 9903 | -€318 | -€2,519 | -€2,201 | -692.3% |
| Profit (loss) for the period | 9904 | -€318 | -€2,519 | -€2,201 | -692.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€318 | -€2,519 | -€2,201 | -692.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.