JOULE: 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.
JOULE
Largest movements
- Tangible fixed assets -€2.6m
down €2.6m (-91.5%), from €2.8m to €236,492
of which Other tangible fixed assets: -€2.6m
- Receivables within one year +€495,837
up €495,837 (+73.3%), from €676,632 to €1.2m
of which Trade receivables: +€496,106
- Stocks and contracts -€188,092
down €188,092 (-18.5%), from €1.0m to €830,773
- Intangible fixed assets +€149,611
up €149,611 (+114%), from €131,136 to €280,748
- Debts after one year -€2.0m
down €2.0m (-79.2%), from €2.5m to €517,086
- Tax, wage and social debts +€1.3m
up €1.3m (+1,313%), from €102,745 to €1.5m
of which Taxes: +€1.2m
- Profit (loss) carried forward -€1.2m
down €1.2m (-86.5%), from -€1.4m to -€2.5m
- Trade debts -€321,037
down €321,037 (-52.3%), from €613,723 to €292,686
- Current portion of long-term debt -€122,370
down €122,370 (-11.2%), from €1.1m to €967,984
- Gross operating margin +€1.0m
up €1.0m (+133%), from €785,778 to €1.8m
- Depreciation +€976,412
up €976,412 (+139%), from €701,560 to €1.7m
- Staff costs +€323,006
up €323,006 (+53.2%), from €607,598 to €930,604
- Financial charges +€177,303
up €177,303 (+106%), from €167,198 to €344,501
- Write-downs -€37,112
down €37,112 (-71.8%), from €51,669 to €14,557
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,746,123 | €2,629,640 | -€2.1m | -44.6% |
| Fixed assets | 21/28 | €2,952,434 | €544,279 | -€2.4m | -81.6% |
| Intangible fixed assets | 21 | €131,136 | €280,748 | +€149,611 | +114% |
| Tangible fixed assets | 22/27 | €2,795,858 | €236,492 | -€2.6m | -91.5% |
| Furniture and vehicles | 24 | €185,972 | €207,926 | +€21,954 | +11.8% |
| Other tangible fixed assets | 26 | €2,609,886 | €28,566 | -€2.6m | -98.9% |
| Financial fixed assets | 28 | €25,440 | €27,040 | +€1,600 | +6.3% |
| Current assets | 29/58 | €1,793,689 | €2,085,361 | +€291,672 | +16.3% |
| Stocks and contracts in progress | 3 | €1,018,865 | €830,773 | -€188,092 | -18.5% |
| Stocks | 30/36 | €1,018,865 | €830,773 | -€188,092 | -18.5% |
| Amounts receivable within one year | 40/41 | €676,632 | €1,172,469 | +€495,837 | +73.3% |
| Trade receivables | 40 | €676,363 | €1,172,469 | +€496,106 | +73.3% |
| Other amounts receivable | 41 | €269 | €0 | -€269 | -100% |
| Cash at bank and in hand | 54/58 | €32 | €0 | -€32 | -100% |
| Deferred charges and accrued income | 490/1 | €98,159 | €82,118 | -€16,040 | -16.3% |
| Total equity and liabilities | 10/49 | €4,746,123 | €2,629,640 | -€2.1m | -44.6% |
| Equity | 10/15 | -€292,376 | -€1,462,995 | -€1.2m | -400% |
| Contributions | 10/11 | €1,060,849 | €1,060,849 | = | 0.0% |
| Capital | 10 | €1,060,849 | €1,060,849 | = | 0.0% |
| Issued capital | 100 | €1,060,849 | €1,060,849 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,353,225 | -€2,523,844 | -€1.2m | -86.5% |
| Amounts payable | 17/49 | €5,038,498 | €4,092,635 | -€945,863 | -18.8% |
| Amounts payable after more than one year | 17 | €2,485,070 | €517,086 | -€2.0m | -79.2% |
| Financial debts | 170/4 | €2,485,070 | €517,086 | -€2.0m | -79.2% |
| Amounts payable within one year | 42/48 | €2,409,039 | €3,331,360 | +€922,321 | +38.3% |
| Current portion of amounts payable after more than one year | 42 | €1,090,353 | €967,984 | -€122,370 | -11.2% |
| Financial debts | 43 | €602,217 | €619,331 | +€17,113 | +2.8% |
| Other loans | 439 | €602,217 | €619,331 | +€17,113 | +2.8% |
| Trade debts | 44 | €613,723 | €292,686 | -€321,037 | -52.3% |
| Suppliers | 440/4 | €613,723 | €292,686 | -€321,037 | -52.3% |
| Taxes, remuneration and social security | 45 | €102,745 | €1,451,360 | +€1.3m | +1,313% |
| Taxes | 450/3 | €17,645 | €1,262,297 | +€1.2m | +7,054% |
| Remuneration and social security | 454/9 | €85,100 | €189,062 | +€103,962 | +122% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €144,390 | €244,189 | +€99,800 | +69.1% |
| Non-recurring operating income | 76A | €8,051 | €0 | -€8,051 | -100% |
| Remuneration, social security and pensions | 62 | €607,598 | €930,604 | +€323,006 | +53.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €701,560 | €1,677,972 | +€976,412 | +139% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €51,669 | €14,557 | -€37,112 | -71.8% |
| Other operating charges | 640/8 | €22,345 | €42,040 | +€19,694 | +88.1% |
| Non-recurring operating charges | 66A | €50,296 | €0 | -€50,296 | -100% |
| Gross operating margin | 9900 | €785,778 | €1,828,659 | +€1.0m | +133% |
| Operating profit (loss) | 9901 | -€647,690 | -€836,514 | -€188,824 | -29.2% |
| Financial income | 75/76B | €20,836 | €10,795 | -€10,041 | -48.2% |
| Recurring financial income | 75 | €20,836 | €10,795 | -€10,041 | -48.2% |
| Financial charges | 65/66B | €167,198 | €344,501 | +€177,303 | +106% |
| Recurring financial charges | 65 | €167,198 | €344,501 | +€177,303 | +106% |
| Profit (loss) for the period before taxes | 9903 | -€794,052 | -€1,170,220 | -€376,168 | -47.4% |
| Income taxes | 67/77 | - | €399 | +€399 | |
| Profit (loss) for the period | 9904 | -€794,052 | -€1,170,619 | -€376,567 | -47.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€794,052 | -€1,170,619 | -€376,567 | -47.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.