JOUCK: 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.
JOUCK
Largest movements
- Receivables within one year +€71,143
up €71,143 (+47.3%), from €150,332 to €221,475
of which Trade receivables: +€68,920
- Cash +€39,424
new in 2025: €39,424
mainly Net result for the year (+€107,258) and Depreciation (+€66,239)
- Current investments +€21,507
up €21,507 (+21440.4%), from €100 to €21,607
- Tangible fixed assets -€14,624
down €14,624 (-4.8%), from €302,102 to €287,478
of which Furniture and vehicles: -€42,224
- Profit (loss) carried forward +€107,258
up €107,258, from -€29,939 to €77,318
- Trade debts +€43,681
up €43,681 (+28.0%), from €156,240 to €199,920
- Current portion of long-term debt -€35,794
down €35,794 (-30.7%), from €116,473 to €80,679
- Debts after one year +€15,355
up €15,355 (+14.1%), from €109,101 to €124,456
- Short-term financial debts -€11,601
no longer reported in 2025 (was €11,601)
- Staff costs -€60,053
down €60,053 (-51.0%), from €117,707 to €57,654
- Gross operating margin +€45,301
up €45,301 (+20.9%), from €216,642 to €261,943
- Depreciation +€4,421
up €4,421 (+7.2%), from €61,818 to €66,239
- Other operating charges +€4,241
up €4,241 (+141.0%), from €3,008 to €7,249
- Financial charges +€3,973
up €3,973 (+20.8%), from €19,118 to €23,091
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 | €455,512 | €573,035 | +€117,523 | +25.8% |
| Fixed assets | 21/28 | €302,227 | €287,603 | -€14,624 | -4.8% |
| Tangible fixed assets | 22/27 | €302,102 | €287,478 | -€14,624 | -4.8% |
| Land and buildings | 22 | €1,202 | €977 | -€225 | -18.7% |
| Plant, machinery and equipment | 23 | €37,111 | €26,021 | -€11,090 | -29.9% |
| Furniture and vehicles | 24 | €263,788 | €221,564 | -€42,224 | -16.0% |
| Leasing and similar rights | 25 | - | €38,916 | +€38,916 | |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €153,285 | €285,432 | +€132,147 | +86.2% |
| Amounts receivable within one year | 40/41 | €150,332 | €221,475 | +€71,143 | +47.3% |
| Trade receivables | 40 | €114,049 | €182,968 | +€68,920 | +60.4% |
| Other amounts receivable | 41 | €36,283 | €38,506 | +€2,223 | +6.1% |
| Current investments | 50/53 | €100 | €21,607 | +€21,507 | +21440.4% |
| Cash at bank and in hand | 54/58 | - | €39,424 | +€39,424 | |
| Deferred charges and accrued income | 490/1 | €2,853 | €2,926 | +€73 | +2.6% |
| Total equity and liabilities | 10/49 | €455,512 | €573,035 | +€117,523 | +25.8% |
| Equity | 10/15 | €45,048 | €152,306 | +€107,258 | +238.1% |
| Contributions | 10/11 | €68,171 | €68,171 | = | 0.0% |
| Capital | 10 | €68,171 | €68,171 | = | 0.0% |
| Issued capital | 100 | €68,171 | €68,171 | = | 0.0% |
| Reserves | 13 | €6,817 | €6,817 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,817 | €6,817 | = | 0.0% |
| Legal reserve | 130 | €6,817 | €6,817 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,939 | €77,318 | +€107,258 | |
| Amounts payable | 17/49 | €410,464 | €420,729 | +€10,265 | +2.5% |
| Amounts payable after more than one year | 17 | €109,101 | €124,456 | +€15,355 | +14.1% |
| Financial debts | 170/4 | €109,101 | €124,456 | +€15,355 | +14.1% |
| Amounts payable within one year | 42/48 | €301,363 | €296,273 | -€5,090 | -1.7% |
| Current portion of amounts payable after more than one year | 42 | €116,473 | €80,679 | -€35,794 | -30.7% |
| Financial debts | 43 | €11,601 | - | -€11,601 | |
| Credit institutions | 430/8 | €11,601 | - | -€11,601 | |
| Trade debts | 44 | €156,240 | €199,920 | +€43,681 | +28.0% |
| Suppliers | 440/4 | €156,240 | €199,920 | +€43,681 | +28.0% |
| Taxes, remuneration and social security | 45 | €11,623 | €11,177 | -€446 | -3.8% |
| Taxes | 450/3 | €1,909 | €2,833 | +€924 | +48.4% |
| Remuneration and social security | 454/9 | €9,714 | €8,344 | -€1,370 | -14.1% |
| Other amounts payable | 47/48 | €5,426 | €4,497 | -€929 | -17.1% |
| Non-recurring operating income | 76A | - | €36,500 | +€36,500 | |
| Remuneration, social security and pensions | 62 | €117,707 | €57,654 | -€60,053 | -51.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,818 | €66,239 | +€4,421 | +7.2% |
| Other operating charges | 640/8 | €3,008 | €7,249 | +€4,241 | +141.0% |
| Non-recurring operating charges | 66A | €46,128 | €294 | -€45,834 | -99.4% |
| Gross operating margin | 9900 | €216,642 | €261,943 | +€45,301 | +20.9% |
| Operating profit (loss) | 9901 | -€12,020 | €130,506 | +€142,526 | |
| Financial income | 75/76B | €767 | €10 | -€758 | -98.7% |
| Recurring financial income | 75 | €767 | €10 | -€758 | -98.7% |
| Financial charges | 65/66B | €19,118 | €23,091 | +€3,973 | +20.8% |
| Recurring financial charges | 65 | €19,118 | €23,091 | +€3,973 | +20.8% |
| Profit (loss) for the period before taxes | 9903 | -€30,371 | €107,425 | +€137,796 | |
| Income taxes | 67/77 | - | €167 | +€167 | |
| Profit (loss) for the period | 9904 | -€30,371 | €107,258 | +€137,628 | |
| Profit (loss) for the period to be appropriated | 9905 | -€30,371 | €107,258 | +€137,628 |
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.