JOAL: 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.
JOAL
Largest movements
- Cash +€2.3m
up €2.3m (+100,035%), from €2,296 to €2.3m
mainly Other debts (+€2.3m) and Net result for the year (+€24,105)
- Other debts +€2.3m
up €2.3m (+1,946%), from €116,938 to €2.4m
- Gross operating margin +€15,107
up €15,107 (+58.2%), from €25,948 to €41,055
- Purchases and services -€13,710
down €13,710 (-28.1%), from €48,811 to €35,101
- Depreciation -€10,200
no longer reported in 2024 (was €10,200)
- Taxes +€4,957
up €4,957 (+105%), from €4,720 to €9,677
- Other operating charges +€1,928
new in 2024: €1,928
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €836,355 | €3,124,692 | +€2.3m | +274% |
| Current assets | 29/58 | €836,355 | €3,124,692 | +€2.3m | +274% |
| Amounts receivable within one year | 40/41 | €834,059 | €825,530 | -€8,530 | -1.0% |
| Trade receivables | 40 | €41,453 | €52,453 | +€11,000 | +26.5% |
| Other amounts receivable | 41 | €792,606 | €773,077 | -€19,529 | -2.5% |
| Cash at bank and in hand | 54/58 | €2,296 | €2,299,162 | +€2.3m | +100,035% |
| Total equity and liabilities | 10/49 | €836,355 | €3,124,692 | +€2.3m | +274% |
| Equity | 10/15 | €316,362 | €340,467 | +€24,105 | +7.6% |
| Contributions | 10/11 | €23,100 | €23,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €293,262 | €317,367 | +€24,105 | +8.2% |
| Amounts payable | 17/49 | €519,993 | €2,784,225 | +€2.3m | +435% |
| Amounts payable after more than one year | 17 | €186,525 | €185,116 | -€1,409 | -0.8% |
| Financial debts | 170/4 | €186,525 | €185,116 | -€1,409 | -0.8% |
| Amounts payable within one year | 42/48 | €333,468 | €2,599,109 | +€2.3m | +679% |
| Current portion of amounts payable after more than one year | 42 | €9,842 | €9,842 | = | 0.0% |
| Trade debts | 44 | €167,258 | €168,414 | +€1,156 | +0.7% |
| Suppliers | 440/4 | €167,258 | €168,414 | +€1,156 | +0.7% |
| Taxes, remuneration and social security | 45 | €39,429 | €28,267 | -€11,162 | -28.3% |
| Taxes | 450/3 | €22,206 | €20,044 | -€2,162 | -9.7% |
| Remuneration and social security | 454/9 | €17,223 | €8,223 | -€9,000 | -52.3% |
| Other amounts payable | 47/48 | €116,938 | €2,392,586 | +€2.3m | +1,946% |
| Turnover | 70 | €74,758 | €76,156 | +€1,397 | +1.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €48,811 | €35,101 | -€13,710 | -28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,200 | - | -€10,200 | |
| Other operating charges | 640/8 | - | €1,928 | +€1,928 | |
| Non-recurring operating charges | 66A | €12,000 | €3,830 | -€8,170 | -68.1% |
| Gross operating margin | 9900 | €25,948 | €41,055 | +€15,107 | +58.2% |
| Operating profit (loss) | 9901 | €3,748 | €35,297 | +€31,549 | +842% |
| Financial charges | 65/66B | €1,009 | €1,516 | +€506 | +50.2% |
| Recurring financial charges | 65 | €1,009 | €1,516 | +€506 | +50.2% |
| Profit (loss) for the period before taxes | 9903 | €2,738 | €33,782 | +€31,043 | +1,134% |
| Income taxes | 67/77 | €4,720 | €9,677 | +€4,957 | +105% |
| Profit (loss) for the period | 9904 | -€1,981 | €24,105 | +€26,086 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,981 | €24,105 | +€26,086 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.