JOUSTEN: 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.
JOUSTEN
Largest movements
- Tangible fixed assets -€147,934
no longer reported in 2025 (was €147,934)
of which Land and buildings: -€145,091
- Receivables after one year +€75,532
up €75,532 (+43.8%), from €172,545 to €248,078
- Stocks and contracts -€39,852
no longer reported in 2025 (was €39,852)
- Cash +€19,079
up €19,079 (+292.0%), from €6,533 to €25,612
mainly Net result for the year (+€241,280) and Investment in fixed assets (net) (+€149,632)
- Profit (loss) carried forward +€141,280
up €141,280, from -€140,777 to €503
- Revaluation surpluses -€135,693
no longer reported in 2025 (was €135,693)
- Short-term financial debts -€102,567
no longer reported in 2025 (was €102,567)
- Other debts +€100,000
up €100,000 (+6666.7%), from €1,500 to €101,500
- Debts after one year -€70,903
down €70,903 (-81.9%), from €86,527 to €15,623
- Gross operating margin +€229,144
up €229,144 (+498.3%), from €45,985 to €275,129
- Staff costs -€13,009
down €13,009 (-45.6%), from €28,518 to €15,509
- Taxes +€12,263
new in 2025: €12,263
- Financial charges -€6,138
down €6,138 (-57.1%), from €10,744 to €4,606
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 | €391,631 | €297,867 | -€93,764 | -23.9% |
| Fixed assets | 21/28 | €155,884 | €6,252 | -€149,632 | -96.0% |
| Tangible fixed assets | 22/27 | €147,934 | - | -€147,934 | |
| Land and buildings | 22 | €145,091 | - | -€145,091 | |
| Plant, machinery and equipment | 23 | €2,843 | - | -€2,843 | |
| Financial fixed assets | 28 | €7,950 | €6,252 | -€1,698 | -21.4% |
| Current assets | 29/58 | €235,747 | €291,615 | +€55,868 | +23.7% |
| Amounts receivable after more than one year | 29 | €172,545 | €248,078 | +€75,532 | +43.8% |
| Other amounts receivable | 291 | €172,545 | €248,078 | +€75,532 | +43.8% |
| Stocks and contracts in progress | 3 | €39,852 | - | -€39,852 | |
| Stocks | 30/36 | €39,852 | - | -€39,852 | |
| Amounts receivable within one year | 40/41 | €16,816 | €17,925 | +€1,109 | +6.6% |
| Trade receivables | 40 | €7,137 | €2,811 | -€4,325 | -60.6% |
| Other amounts receivable | 41 | €9,680 | €15,114 | +€5,434 | +56.1% |
| Cash at bank and in hand | 54/58 | €6,533 | €25,612 | +€19,079 | +292.0% |
| Total equity and liabilities | 10/49 | €391,631 | €297,867 | -€93,764 | -23.9% |
| Equity | 10/15 | €145,846 | €151,434 | +€5,587 | +3.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €135,693 | - | -€135,693 | |
| Reserves | 13 | €88,930 | €88,930 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €82,730 | €82,730 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€140,777 | €503 | +€141,280 | |
| Amounts payable | 17/49 | €245,785 | €146,433 | -€99,351 | -40.4% |
| Amounts payable after more than one year | 17 | €86,527 | €15,623 | -€70,903 | -81.9% |
| Other amounts payable | 178/9 | €86,527 | €15,623 | -€70,903 | -81.9% |
| Amounts payable within one year | 42/48 | €157,923 | €130,810 | -€27,114 | -17.2% |
| Financial debts | 43 | €102,567 | - | -€102,567 | |
| Credit institutions | 430/8 | €102,567 | - | -€102,567 | |
| Trade debts | 44 | €23,955 | €7,294 | -€16,661 | -69.6% |
| Suppliers | 440/4 | €23,955 | €7,294 | -€16,661 | -69.6% |
| Taxes, remuneration and social security | 45 | €29,901 | €22,016 | -€7,885 | -26.4% |
| Taxes | 450/3 | €3,735 | €12,263 | +€8,529 | +228.4% |
| Remuneration and social security | 454/9 | €26,167 | €9,752 | -€16,414 | -62.7% |
| Other amounts payable | 47/48 | €1,500 | €101,500 | +€100,000 | +6666.7% |
| Accrued charges and deferred income | 492/3 | €1,334 | - | -€1,334 | |
| Non-recurring operating income | 76A | - | €267,759 | +€267,759 | |
| Remuneration, social security and pensions | 62 | €28,518 | €15,509 | -€13,009 | -45.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €924 | - | -€924 | |
| Other operating charges | 640/8 | €2,896 | €1,746 | -€1,150 | -39.7% |
| Gross operating margin | 9900 | €45,985 | €275,129 | +€229,144 | +498.3% |
| Operating profit (loss) | 9901 | €13,647 | €257,874 | +€244,227 | +1789.5% |
| Financial income | 75/76B | €131 | €275 | +€144 | +109.5% |
| Recurring financial income | 75 | €131 | €275 | +€144 | +109.5% |
| Financial charges | 65/66B | €10,744 | €4,606 | -€6,138 | -57.1% |
| Recurring financial charges | 65 | €10,744 | €4,606 | -€6,138 | -57.1% |
| Profit (loss) for the period before taxes | 9903 | €3,035 | €253,543 | +€250,509 | +8254.9% |
| Income taxes | 67/77 | - | €12,263 | +€12,263 | |
| Profit (loss) for the period | 9904 | €3,035 | €241,280 | +€238,245 | +7850.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,035 | €241,280 | +€238,245 | +7850.8% |
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 8 October 2026 via checked.be.