JOX: 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.
JOX
Largest movements
- Intangible fixed assets -€14,100
down €14,100 (-14.6%), from €96,344 to €82,244
- Tangible fixed assets -€6,730
down €6,730 (-38.1%), from €17,686 to €10,956
of which Furniture and vehicles: -€4,830
- Receivables within one year -€4,270
down €4,270 (-89.2%), from €4,789 to €519
of which Trade receivables: -€4,563
- Debts after one year -€28,803
down €28,803 (-60.2%), from €47,824 to €19,021
- Other debts +€2,160
up €2,160 (+3.7%), from €58,960 to €61,120
- Reserves +€1,800
up €1,800 (+6.4%), from €28,300 to €30,100
- Gross operating margin -€1,445
down €1,445 (-5.0%), from €28,761 to €27,316
- Financial charges -€597
down €597 (-14.6%), from €4,080 to €3,483
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 | €174,480 | €149,103 | -€25,377 | -14.5% |
| Fixed assets | 21/28 | €167,430 | €146,600 | -€20,830 | -12.4% |
| Intangible fixed assets | 21 | €96,344 | €82,244 | -€14,100 | -14.6% |
| Tangible fixed assets | 22/27 | €17,686 | €10,956 | -€6,730 | -38.1% |
| Furniture and vehicles | 24 | €8,851 | €4,021 | -€4,830 | -54.6% |
| Other tangible fixed assets | 26 | €8,835 | €6,935 | -€1,900 | -21.5% |
| Financial fixed assets | 28 | €53,400 | €53,400 | = | 0.0% |
| Current assets | 29/58 | €7,050 | €2,503 | -€4,547 | -64.5% |
| Amounts receivable within one year | 40/41 | €4,789 | €519 | -€4,270 | -89.2% |
| Trade receivables | 40 | €4,563 | - | -€4,563 | |
| Other amounts receivable | 41 | €226 | €519 | +€293 | +130% |
| Current investments | 50/53 | €186 | €186 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,075 | €1,798 | -€277 | -13.3% |
| Total equity and liabilities | 10/49 | €174,480 | €149,103 | -€25,377 | -14.5% |
| Equity | 10/15 | €30,503 | €32,177 | +€1,674 | +5.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €28,300 | €30,100 | +€1,800 | +6.4% |
| Distributable reserves | 133 | €28,300 | €30,100 | +€1,800 | +6.4% |
| Profit (loss) carried forward | 14 | €203 | €77 | -€126 | -62.1% |
| Amounts payable | 17/49 | €143,977 | €116,926 | -€27,051 | -18.8% |
| Amounts payable after more than one year | 17 | €47,824 | €19,021 | -€28,803 | -60.2% |
| Financial debts | 170/4 | €47,824 | €19,021 | -€28,803 | -60.2% |
| Amounts payable within one year | 42/48 | €92,421 | €94,087 | +€1,666 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €29,634 | €30,053 | +€419 | +1.4% |
| Trade debts | 44 | €180 | €193 | +€13 | +7.2% |
| Suppliers | 440/4 | €180 | €193 | +€13 | +7.2% |
| Taxes, remuneration and social security | 45 | €3,647 | €2,721 | -€926 | -25.4% |
| Taxes | 450/3 | €3,647 | €2,721 | -€926 | -25.4% |
| Other amounts payable | 47/48 | €58,960 | €61,120 | +€2,160 | +3.7% |
| Accrued charges and deferred income | 492/3 | €3,732 | €3,818 | +€86 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,830 | €20,830 | = | 0.0% |
| Other operating charges | 640/8 | €758 | €771 | +€13 | +1.7% |
| Gross operating margin | 9900 | €28,761 | €27,316 | -€1,445 | -5.0% |
| Operating profit (loss) | 9901 | €7,173 | €5,715 | -€1,458 | -20.3% |
| Financial charges | 65/66B | €4,080 | €3,483 | -€597 | -14.6% |
| Recurring financial charges | 65 | €4,080 | €3,483 | -€597 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €3,093 | €2,232 | -€861 | -27.8% |
| Income taxes | 67/77 | €773 | €558 | -€215 | -27.8% |
| Profit (loss) for the period | 9904 | €2,320 | €1,674 | -€646 | -27.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,320 | €1,674 | -€646 | -27.8% |
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 16 October 2026 via checked.be.