Jozefien: 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.
Jozefien
Largest movements
- Cash +€6,442
up €6,442 (+134%), from €4,807 to €11,249
mainly Other debts (+€11,122) and Trade debts (+€2,900)
- Stocks and contracts -€2,726
down €2,726 (-4.7%), from €57,857 to €55,131
- Deferred charges and accrued income -€1,115
down €1,115 (-51.5%), from €2,167 to €1,052
- Tangible fixed assets -€921
down €921 (-18.1%), from €5,087 to €4,165
of which Other tangible fixed assets: -€757
- Other debts +€11,122
up €11,122 (+10.2%), from €109,262 to €120,384
- Debts after one year -€8,297
down €8,297 (-31.4%), from €26,391 to €18,094
- Short-term financial debts -€3,020
down €3,020 (-71.3%), from €4,234 to €1,214
- Trade debts +€2,900
up €2,900 (+32.7%), from €8,875 to €11,774
- Profit (loss) carried forward -€2,183
down €2,183 (-2.0%), from -€107,771 to -€109,954
- Gross operating margin +€33,095
up €33,095, from -€32,289 to €806
- Other operating charges -€1,246
down €1,246 (-74.0%), from €1,684 to €438
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 | €71,066 | €73,277 | +€2,211 | +3.1% |
| Fixed assets | 21/28 | €5,087 | €4,165 | -€921 | -18.1% |
| Tangible fixed assets | 22/27 | €5,087 | €4,165 | -€921 | -18.1% |
| Plant, machinery and equipment | 23 | €1,350 | €1,185 | -€165 | -12.2% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €3,737 | €2,980 | -€757 | -20.3% |
| Current assets | 29/58 | €65,979 | €69,112 | +€3,133 | +4.7% |
| Stocks and contracts in progress | 3 | €57,857 | €55,131 | -€2,726 | -4.7% |
| Stocks | 30/36 | €57,857 | €55,131 | -€2,726 | -4.7% |
| Amounts receivable within one year | 40/41 | €1,149 | €1,680 | +€531 | +46.2% |
| Trade receivables | 40 | €786 | €1,221 | +€435 | +55.4% |
| Other amounts receivable | 41 | €363 | €459 | +€96 | +26.3% |
| Cash at bank and in hand | 54/58 | €4,807 | €11,249 | +€6,442 | +134% |
| Deferred charges and accrued income | 490/1 | €2,167 | €1,052 | -€1,115 | -51.5% |
| Total equity and liabilities | 10/49 | €71,066 | €73,277 | +€2,211 | +3.1% |
| Equity | 10/15 | -€92,771 | -€94,954 | -€2,183 | -2.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€107,771 | -€109,954 | -€2,183 | -2.0% |
| Amounts payable | 17/49 | €163,836 | €168,231 | +€4,395 | +2.7% |
| Amounts payable after more than one year | 17 | €26,391 | €18,094 | -€8,297 | -31.4% |
| Financial debts | 170/4 | €26,391 | €18,094 | -€8,297 | -31.4% |
| Amounts payable within one year | 42/48 | €137,445 | €150,137 | +€12,692 | +9.2% |
| Current portion of amounts payable after more than one year | 42 | €8,056 | €8,297 | +€242 | +3.0% |
| Financial debts | 43 | €4,234 | €1,214 | -€3,020 | -71.3% |
| Credit institutions | 430/8 | €4,234 | €1,214 | -€3,020 | -71.3% |
| Trade debts | 44 | €8,875 | €11,774 | +€2,900 | +32.7% |
| Suppliers | 440/4 | €8,875 | €11,774 | +€2,900 | +32.7% |
| Taxes, remuneration and social security | 45 | €7,019 | €8,468 | +€1,449 | +20.6% |
| Taxes | 450/3 | €7,019 | €8,468 | +€1,449 | +20.6% |
| Other amounts payable | 47/48 | €109,262 | €120,384 | +€11,122 | +10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,161 | €921 | -€239 | -20.6% |
| Other operating charges | 640/8 | €1,684 | €438 | -€1,246 | -74.0% |
| Gross operating margin | 9900 | -€32,289 | €806 | +€33,095 | |
| Operating profit (loss) | 9901 | -€35,133 | -€553 | +€34,580 | +98.4% |
| Financial income | 75/76B | €182 | €0 | -€182 | -100.0% |
| Recurring financial income | 75 | €182 | €0 | -€182 | -100.0% |
| Financial charges | 65/66B | €1,606 | €1,630 | +€24 | +1.5% |
| Recurring financial charges | 65 | €1,606 | €1,630 | +€24 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | -€36,557 | -€2,183 | +€34,374 | +94.0% |
| Profit (loss) for the period | 9904 | -€36,557 | -€2,183 | +€34,374 | +94.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,557 | -€2,183 | +€34,374 | +94.0% |
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 14 October 2026 via checked.be.