JULIEN JOSKIN: what changed
JULIEN JOSKIN
Largest movements
- Receivables within one year +€469,740
up €469,740 (+1,435%), from €32,727 to €502,468
- Cash -€155,308
down €155,308 (-41.8%), from €371,164 to €215,856
mainly Receivables within one year (-€469,740) and Other debts (-€35,000)
- Tangible fixed assets -€43,228
down €43,228 (-29.1%), from €148,666 to €105,438
- Reserves +€211,345
up €211,345 (+54.1%), from €390,794 to €602,139
of which Distributable reserves: +€211,345
- Tax, wage and social debts +€92,457
up €92,457 (+73.3%), from €126,166 to €218,623
- Other debts -€35,000
no longer reported in 2025 (was €35,000)
- Gross operating margin -€245,858
down €245,858 (-42.6%), from €577,746 to €331,889
- Taxes -€68,709
down €68,709 (-42.6%), from €161,166 to €92,457
- Depreciation +€16,903
up €16,903 (+64.2%), from €26,326 to €43,228
- Financial income +€14,557
up €14,557 (+1,013%), from €1,436 to €15,993
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 | €555,449 | €823,762 | +€268,312 | +48.3% |
| Fixed assets | 21/28 | €148,666 | €105,438 | -€43,228 | -29.1% |
| Tangible fixed assets | 22/27 | €148,666 | €105,438 | -€43,228 | -29.1% |
| Furniture and vehicles | 24 | €148,666 | €105,438 | -€43,228 | -29.1% |
| Current assets | 29/58 | €406,783 | €718,324 | +€311,541 | +76.6% |
| Amounts receivable within one year | 40/41 | €32,727 | €502,468 | +€469,740 | +1,435% |
| Other amounts receivable | 41 | €32,727 | €502,468 | +€469,740 | +1,435% |
| Cash at bank and in hand | 54/58 | €371,164 | €215,856 | -€155,308 | -41.8% |
| Deferred charges and accrued income | 490/1 | €2,892 | - | -€2,892 | |
| Total equity and liabilities | 10/49 | €555,449 | €823,762 | +€268,312 | +48.3% |
| Equity | 10/15 | €393,794 | €605,139 | +€211,345 | +53.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €390,794 | €602,139 | +€211,345 | +54.1% |
| Tax-exempt reserves | 132 | €147,350 | €147,350 | = | 0.0% |
| Distributable reserves | 133 | €243,444 | €454,789 | +€211,345 | +86.8% |
| Amounts payable | 17/49 | €161,656 | €218,623 | +€56,967 | +35.2% |
| Amounts payable within one year | 42/48 | €161,656 | €218,623 | +€56,967 | +35.2% |
| Trade debts | 44 | €490 | - | -€490 | |
| Suppliers | 440/4 | €490 | - | -€490 | |
| Taxes, remuneration and social security | 45 | €126,166 | €218,623 | +€92,457 | +73.3% |
| Taxes | 450/3 | €126,166 | €218,623 | +€92,457 | +73.3% |
| Other amounts payable | 47/48 | €35,000 | - | -€35,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,326 | €43,228 | +€16,903 | +64.2% |
| Other operating charges | 640/8 | €892 | €818 | -€74 | -8.3% |
| Gross operating margin | 9900 | €577,746 | €331,889 | -€245,858 | -42.6% |
| Operating profit (loss) | 9901 | €550,529 | €287,843 | -€262,686 | -47.7% |
| Financial income | 75/76B | €1,436 | €15,993 | +€14,557 | +1,013% |
| Recurring financial income | 75 | €1,436 | €15,993 | +€14,557 | +1,013% |
| Financial charges | 65/66B | €6 | €34 | +€28 | +463% |
| Recurring financial charges | 65 | €6 | €34 | +€28 | +463% |
| Profit (loss) for the period before taxes | 9903 | €551,959 | €303,802 | -€248,157 | -45.0% |
| Income taxes | 67/77 | €161,166 | €92,457 | -€68,709 | -42.6% |
| Profit (loss) for the period | 9904 | €390,794 | €211,345 | -€179,448 | -45.9% |
| Transfer to tax-exempt reserves | 689 | €147,350 | - | -€147,350 | |
| Profit (loss) for the period to be appropriated | 9905 | €243,444 | €211,345 | -€32,098 | -13.2% |
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 7 November 2026 via checked.be.