P JOSSART: 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.
P JOSSART
Largest movements
- Current investments +€20,000
new in 2025: €20,000
- Intangible fixed assets -€15,000
down €15,000 (-12.5%), from €119,959 to €104,959
- Receivables within one year -€10,555
down €10,555 (-100%), from €10,555 to €0
- Cash +€9,952
up €9,952 (+29.7%), from €33,462 to €43,414
mainly Net result for the year (+€19,447) and Depreciation (+€18,931)
- Tangible fixed assets -€3,931
down €3,931 (-88.4%), from €4,450 to €518
- Reserves +€19,447
up €19,447 (+114%), from €17,000 to €36,447
- Other debts -€12,333
down €12,333 (-12.7%), from €96,925 to €84,592
- Debts after one year -€6,757
down €6,757 (-17.6%), from €38,362 to €31,604
- Gross operating margin +€2,242
up €2,242 (+5.1%), from €43,553 to €45,795
- Other operating charges -€813
down €813 (-76.7%), from €1,060 to €247
- Taxes +€578
up €578 (+12.5%), from €4,644 to €5,222
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 | €168,425 | €168,941 | +€516 | +0.3% |
| Fixed assets | 21/28 | €124,408 | €105,477 | -€18,931 | -15.2% |
| Intangible fixed assets | 21 | €119,959 | €104,959 | -€15,000 | -12.5% |
| Tangible fixed assets | 22/27 | €4,450 | €518 | -€3,931 | -88.4% |
| Furniture and vehicles | 24 | €4,450 | €518 | -€3,931 | -88.4% |
| Current assets | 29/58 | €44,017 | €63,464 | +€19,447 | +44.2% |
| Amounts receivable within one year | 40/41 | €10,555 | €0 | -€10,555 | -100% |
| Trade receivables | 40 | €10,555 | €0 | -€10,555 | -100% |
| Current investments | 50/53 | - | €20,000 | +€20,000 | |
| Cash at bank and in hand | 54/58 | €33,462 | €43,414 | +€9,952 | +29.7% |
| Deferred charges and accrued income | 490/1 | - | €50 | +€50 | |
| Total equity and liabilities | 10/49 | €168,425 | €168,941 | +€516 | +0.3% |
| Equity | 10/15 | €20,140 | €39,587 | +€19,447 | +96.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €17,000 | €36,447 | +€19,447 | +114% |
| Distributable reserves | 133 | €17,000 | €36,447 | +€19,447 | +114% |
| Profit (loss) carried forward | 14 | €640 | €640 | = | 0.0% |
| Amounts payable | 17/49 | €148,285 | €129,354 | -€18,931 | -12.8% |
| Amounts payable after more than one year | 17 | €38,362 | €31,604 | -€6,757 | -17.6% |
| Financial debts | 170/4 | €38,362 | €31,604 | -€6,757 | -17.6% |
| Amounts payable within one year | 42/48 | €109,924 | €97,749 | -€12,174 | -11.1% |
| Current portion of amounts payable after more than one year | 42 | €6,465 | €6,757 | +€292 | +4.5% |
| Trade debts | 44 | €1,890 | €1,178 | -€712 | -37.7% |
| Suppliers | 440/4 | €1,890 | €1,178 | -€712 | -37.7% |
| Taxes, remuneration and social security | 45 | €4,644 | €5,222 | +€578 | +12.5% |
| Taxes | 450/3 | €4,644 | €5,222 | +€578 | +12.5% |
| Other amounts payable | 47/48 | €96,925 | €84,592 | -€12,333 | -12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,939 | €18,931 | -€8 | 0.0% |
| Other operating charges | 640/8 | €1,060 | €247 | -€813 | -76.7% |
| Gross operating margin | 9900 | €43,553 | €45,795 | +€2,242 | +5.1% |
| Operating profit (loss) | 9901 | €23,553 | €26,616 | +€3,063 | +13.0% |
| Financial income | 75/76B | €0 | €13 | +€13 | |
| Recurring financial income | 75 | €0 | €13 | +€13 | |
| Financial charges | 65/66B | €1,870 | €1,960 | +€90 | +4.8% |
| Recurring financial charges | 65 | €1,870 | €1,960 | +€90 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €21,683 | €24,670 | +€2,986 | +13.8% |
| Income taxes | 67/77 | €4,644 | €5,222 | +€578 | +12.5% |
| Profit (loss) for the period | 9904 | €17,039 | €19,447 | +€2,408 | +14.1% |
| Profit (loss) for the period to be appropriated | 9905 | €17,039 | €19,447 | +€2,408 | +14.1% |
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 26 October 2026 via checked.be.