Jozef & Zoon: what changed
Jozef & Zoon
Largest movements
- Cash +€217,403
up €217,403 (+364%), from €59,708 to €277,111
mainly Net result for the year (+€113,836) and Receivables within one year (+€97,756)
- Receivables within one year -€97,756
down €97,756 (-64.5%), from €151,537 to €53,781
of which Trade receivables: -€117,533
- Stocks and contracts +€40,142
new in 2025: €40,142
- Tangible fixed assets -€12,322
down €12,322 (-13.4%), from €92,265 to €79,944
of which Furniture and vehicles: -€13,246
- Other debts +€83,228
up €83,228 (+125%), from €66,661 to €149,889
- Tax, wage and social debts +€67,490
up €67,490 (+180%), from €37,555 to €105,045
of which Taxes: +€38,904
- Profit (loss) carried forward +€28,836
up €28,836 (+39.6%), from €72,764 to €101,599
- Current portion of long-term debt -€12,001
down €12,001 (-56.9%), from €21,080 to €9,079
- Trade debts -€9,239
down €9,239 (-11.3%), from €81,998 to €72,760
- Gross operating margin +€304,576
up €304,576 (+131%), from €233,071 to €537,647
- Staff costs +€266,862
up €266,862 (+428%), from €62,287 to €329,149
- Taxes +€16,923
up €16,923 (+93.6%), from €18,078 to €35,001
- Depreciation +€14,773
up €14,773 (+55.8%), from €26,452 to €41,225
- Financial charges +€6,931
up €6,931 (+190%), from €3,644 to €10,575
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €309,134 | €458,373 | +€149,239 | +48.3% |
| Fixed assets | 21/28 | €93,965 | €82,744 | -€11,222 | -11.9% |
| Tangible fixed assets | 22/27 | €92,265 | €79,944 | -€12,322 | -13.4% |
| Plant, machinery and equipment | 23 | €49,184 | €50,108 | +€924 | +1.9% |
| Furniture and vehicles | 24 | €43,081 | €29,836 | -€13,246 | -30.7% |
| Financial fixed assets | 28 | €1,700 | €2,800 | +€1,100 | +64.7% |
| Current assets | 29/58 | €215,169 | €375,629 | +€160,460 | +74.6% |
| Stocks and contracts in progress | 3 | - | €40,142 | +€40,142 | |
| Contracts in progress | 37 | - | €40,142 | +€40,142 | |
| Amounts receivable within one year | 40/41 | €151,537 | €53,781 | -€97,756 | -64.5% |
| Trade receivables | 40 | €118,147 | €614 | -€117,533 | -99.5% |
| Other amounts receivable | 41 | €33,389 | €53,167 | +€19,777 | +59.2% |
| Cash at bank and in hand | 54/58 | €59,708 | €277,111 | +€217,403 | +364% |
| Deferred charges and accrued income | 490/1 | €3,924 | €4,595 | +€671 | +17.1% |
| Total equity and liabilities | 10/49 | €309,134 | €458,373 | +€149,239 | +48.3% |
| Equity | 10/15 | €92,764 | €121,599 | +€28,836 | +31.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,764 | €101,599 | +€28,836 | +39.6% |
| Amounts payable | 17/49 | €216,370 | €336,773 | +€120,403 | +55.6% |
| Amounts payable after more than one year | 17 | €9,076 | €0 | -€9,076 | -100% |
| Financial debts | 170/4 | €9,076 | €0 | -€9,076 | -100% |
| Amounts payable within one year | 42/48 | €207,294 | €336,773 | +€129,479 | +62.5% |
| Current portion of amounts payable after more than one year | 42 | €21,080 | €9,079 | -€12,001 | -56.9% |
| Trade debts | 44 | €81,998 | €72,760 | -€9,239 | -11.3% |
| Suppliers | 440/4 | €81,998 | €72,760 | -€9,239 | -11.3% |
| Taxes, remuneration and social security | 45 | €37,555 | €105,045 | +€67,490 | +180% |
| Taxes | 450/3 | €19,568 | €58,472 | +€38,904 | +199% |
| Remuneration and social security | 454/9 | €17,987 | €46,573 | +€28,587 | +159% |
| Other amounts payable | 47/48 | €66,661 | €149,889 | +€83,228 | +125% |
| Remuneration, social security and pensions | 62 | €62,287 | €329,149 | +€266,862 | +428% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,452 | €41,225 | +€14,773 | +55.8% |
| Other operating charges | 640/8 | €1,007 | €7,861 | +€6,854 | +681% |
| Gross operating margin | 9900 | €233,071 | €537,647 | +€304,576 | +131% |
| Operating profit (loss) | 9901 | €143,325 | €159,412 | +€16,087 | +11.2% |
| Financial charges | 65/66B | €3,644 | €10,575 | +€6,931 | +190% |
| Recurring financial charges | 65 | €3,644 | €10,575 | +€6,931 | +190% |
| Profit (loss) for the period before taxes | 9903 | €139,680 | €148,837 | +€9,156 | +6.6% |
| Income taxes | 67/77 | €18,078 | €35,001 | +€16,923 | +93.6% |
| Profit (loss) for the period | 9904 | €121,603 | €113,836 | -€7,767 | -6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €121,603 | €113,836 | -€7,767 | -6.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.