JOULETEC: 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.
JOULETEC
Largest movements
- Cash -€220,612
down €220,612 (-64.5%), from €342,145 to €121,533
mainly Current investments (-€209,396) and Other debts (-€51,921)
- Current investments +€209,396
up €209,396, from €0 to €209,396
- Tangible fixed assets +€33,008
up €33,008 (+1,513%), from €2,182 to €35,189
of which Furniture and vehicles: +€33,903
- Reserves +€77,348
up €77,348 (+27.9%), from €276,994 to €354,342
- Other debts -€51,921
down €51,921 (-96.1%), from €54,025 to €2,104
- Depreciation +€5,731
up €5,731 (+376%), from €1,524 to €7,255
- Financial income -€4,298
down €4,298 (-100%), from €4,298 to €0
- Gross operating margin +€4,097
up €4,097 (+3.6%), from €114,750 to €118,847
- Financial charges +€3,071
up €3,071 (+485%), from €633 to €3,704
- Taxes -€2,725
down €2,725 (-8.4%), from €32,389 to €29,664
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.
Derived cash bridge
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 | €362,939 | €386,270 | +€23,331 | +6.4% |
| Fixed assets | 21/28 | €2,482 | €35,489 | +€33,008 | +1,330% |
| Tangible fixed assets | 22/27 | €2,182 | €35,189 | +€33,008 | +1,513% |
| Plant, machinery and equipment | 23 | €1,603 | €707 | -€896 | -55.9% |
| Furniture and vehicles | 24 | €579 | €34,482 | +€33,903 | +5,856% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €360,457 | €350,781 | -€9,677 | -2.7% |
| Stocks and contracts in progress | 3 | €2,046 | €2,343 | +€297 | +14.5% |
| Stocks | 30/36 | €2,046 | €2,343 | +€297 | +14.5% |
| Amounts receivable within one year | 40/41 | €15,314 | €16,951 | +€1,636 | +10.7% |
| Trade receivables | 40 | €14,564 | €16,380 | +€1,817 | +12.5% |
| Other amounts receivable | 41 | €751 | €570 | -€180 | -24.0% |
| Current investments | 50/53 | €0 | €209,396 | +€209,396 | |
| Cash at bank and in hand | 54/58 | €342,145 | €121,533 | -€220,612 | -64.5% |
| Deferred charges and accrued income | 490/1 | €952 | €558 | -€394 | -41.4% |
| Total equity and liabilities | 10/49 | €362,939 | €386,270 | +€23,331 | +6.4% |
| Equity | 10/15 | €295,594 | €372,942 | +€77,348 | +26.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €276,994 | €354,342 | +€77,348 | +27.9% |
| Distributable reserves | 133 | €276,994 | €354,342 | +€77,348 | +27.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €67,345 | €13,328 | -€54,018 | -80.2% |
| Amounts payable within one year | 42/48 | €67,345 | €13,328 | -€54,018 | -80.2% |
| Financial debts | 43 | - | €39 | +€39 | |
| Other loans | 439 | - | €39 | +€39 | |
| Trade debts | 44 | €1,238 | €1,290 | +€53 | +4.3% |
| Suppliers | 440/4 | €1,238 | €1,290 | +€53 | +4.3% |
| Taxes, remuneration and social security | 45 | €12,083 | €9,895 | -€2,188 | -18.1% |
| Taxes | 450/3 | €12,083 | €9,895 | -€2,188 | -18.1% |
| Other amounts payable | 47/48 | €54,025 | €2,104 | -€51,921 | -96.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,524 | €7,255 | +€5,731 | +376% |
| Other operating charges | 640/8 | €1,351 | €876 | -€475 | -35.2% |
| Gross operating margin | 9900 | €114,750 | €118,847 | +€4,097 | +3.6% |
| Operating profit (loss) | 9901 | €111,876 | €110,716 | -€1,159 | -1.0% |
| Financial income | 75/76B | €4,298 | €0 | -€4,298 | -100% |
| Recurring financial income | 75 | €4,298 | €0 | -€4,298 | -100% |
| Financial charges | 65/66B | €633 | €3,704 | +€3,071 | +485% |
| Recurring financial charges | 65 | €633 | €3,704 | +€3,071 | +485% |
| Profit (loss) for the period before taxes | 9903 | €115,540 | €107,012 | -€8,528 | -7.4% |
| Income taxes | 67/77 | €32,389 | €29,664 | -€2,725 | -8.4% |
| Profit (loss) for the period | 9904 | €83,152 | €77,348 | -€5,803 | -7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €83,152 | €77,348 | -€5,803 | -7.0% |
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 28 October 2026 via checked.be.