'N JOULS: 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.
'N JOULS
Largest movements
- Tangible fixed assets -€22,282
down €22,282 (-33.0%), from €67,498 to €45,216
of which Furniture and vehicles: -€21,013
- Receivables within one year +€6,979
up €6,979 (+22.6%), from €30,897 to €37,876
of which Other amounts receivable: +€4,430
- Deferred charges and accrued income +€5,120
up €5,120 (+948%), from €540 to €5,660
- Debts after one year -€24,130
down €24,130 (-54.4%), from €44,361 to €20,231
- Other debts +€11,000
new in 2025: €11,000
- Profit (loss) carried forward +€9,364
up €9,364 (+125%), from €7,507 to €16,871
- Short-term financial debts -€4,028
down €4,028 (-35.9%), from €11,213 to €7,185
- Trade debts -€2,022
down €2,022 (-46.1%), from €4,385 to €2,364
- Gross operating margin +€8,754
up €8,754 (+19.1%), from €45,923 to €54,677
- Financial charges -€4,003
down €4,003 (-52.6%), from €7,603 to €3,600
- Taxes +€1,570
up €1,570 (+32.3%), from €4,858 to €6,428
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 | €116,935 | €107,138 | -€9,797 | -8.4% |
| Fixed assets | 21/28 | €67,498 | €45,216 | -€22,282 | -33.0% |
| Tangible fixed assets | 22/27 | €67,498 | €45,216 | -€22,282 | -33.0% |
| Plant, machinery and equipment | 23 | €5,479 | €4,209 | -€1,269 | -23.2% |
| Furniture and vehicles | 24 | €62,019 | €41,007 | -€21,013 | -33.9% |
| Current assets | 29/58 | €49,437 | €61,922 | +€12,485 | +25.3% |
| Amounts receivable after more than one year | 29 | €18,000 | €18,000 | = | 0.0% |
| Other amounts receivable | 291 | €18,000 | €18,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €30,897 | €37,876 | +€6,979 | +22.6% |
| Trade receivables | 40 | €30,466 | €33,014 | +€2,549 | +8.4% |
| Other amounts receivable | 41 | €431 | €4,862 | +€4,430 | +1,027% |
| Cash at bank and in hand | 54/58 | - | €386 | +€386 | |
| Deferred charges and accrued income | 490/1 | €540 | €5,660 | +€5,120 | +948% |
| Total equity and liabilities | 10/49 | €116,935 | €107,138 | -€9,797 | -8.4% |
| Equity | 10/15 | €13,707 | €23,071 | +€9,364 | +68.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,507 | €16,871 | +€9,364 | +125% |
| Amounts payable | 17/49 | €103,228 | €84,067 | -€19,162 | -18.6% |
| Amounts payable after more than one year | 17 | €44,361 | €20,231 | -€24,130 | -54.4% |
| Financial debts | 170/4 | €44,361 | €20,231 | -€24,130 | -54.4% |
| Amounts payable within one year | 42/48 | €58,867 | €63,835 | +€4,968 | +8.4% |
| Current portion of amounts payable after more than one year | 42 | €23,651 | €23,561 | -€90 | -0.4% |
| Financial debts | 43 | €11,213 | €7,185 | -€4,028 | -35.9% |
| Credit institutions | 430/8 | €11,213 | €7,185 | -€4,028 | -35.9% |
| Trade debts | 44 | €4,385 | €2,364 | -€2,022 | -46.1% |
| Suppliers | 440/4 | €4,385 | €2,364 | -€2,022 | -46.1% |
| Taxes, remuneration and social security | 45 | €19,618 | €19,726 | +€108 | +0.6% |
| Taxes | 450/3 | €19,618 | €19,726 | +€108 | +0.6% |
| Other amounts payable | 47/48 | - | €11,000 | +€11,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,252 | €23,435 | +€183 | +0.8% |
| Other operating charges | 640/8 | €1,592 | €1,389 | -€202 | -12.7% |
| Gross operating margin | 9900 | €45,923 | €54,677 | +€8,754 | +19.1% |
| Operating profit (loss) | 9901 | €21,079 | €29,853 | +€8,773 | +41.6% |
| Financial income | 75/76B | €540 | €540 | -€0 | 0.0% |
| Recurring financial income | 75 | €540 | €540 | -€0 | 0.0% |
| Financial charges | 65/66B | €7,603 | €3,600 | -€4,003 | -52.6% |
| Recurring financial charges | 65 | €7,603 | €3,600 | -€4,003 | -52.6% |
| Profit (loss) for the period before taxes | 9903 | €14,016 | €26,792 | +€12,776 | +91.2% |
| Income taxes | 67/77 | €4,858 | €6,428 | +€1,570 | +32.3% |
| Profit (loss) for the period | 9904 | €9,158 | €20,364 | +€11,206 | +122% |
| Profit (loss) for the period to be appropriated | 9905 | €9,158 | €20,364 | +€11,206 | +122% |
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 27 October 2026 via checked.be.