JOATICS: 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.
JOATICS
Largest movements
- Current investments +€639,886
new in 2025: €639,886
- Cash -€479,054
down €479,054 (-59.2%), from €808,978 to €329,924
mainly Current investments (-€639,886) and Short-term financial debts (-€500,000)
- Receivables within one year -€212,040
no longer reported in 2025 (was €212,040)
- Tangible fixed assets +€32,133
up €32,133 (+7.5%), from €428,566 to €460,699
of which Furniture and vehicles: +€44,999
- Reserves +€560,020
up €560,020 (+44.6%), from €1.3m to €1.8m
of which Distributable reserves: +€560,020
- Short-term financial debts -€500,000
no longer reported in 2025 (was €500,000)
- Tax, wage and social debts -€39,158
down €39,158 (-35.3%), from €110,937 to €71,779
of which Taxes: -€36,271
- Debts after one year -€28,635
down €28,635 (-15.4%), from €186,125 to €157,490
- Financial income -€501,023
down €501,023 (-47.1%), from €1.1m to €563,420
- Taxes -€31,222
down €31,222 (-22.9%), from €136,191 to €104,969
- Gross operating margin +€30,168
up €30,168 (+18.3%), from €164,827 to €194,995
- Depreciation -€6,638
down €6,638 (-29.5%), from €22,504 to €15,866
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 | €2,351,335 | €2,326,803 | -€24,532 | -1.0% |
| Fixed assets | 21/28 | €1,324,860 | €1,356,993 | +€32,133 | +2.4% |
| Tangible fixed assets | 22/27 | €428,566 | €460,699 | +€32,133 | +7.5% |
| Land and buildings | 22 | €428,566 | €415,700 | -€12,866 | -3.0% |
| Furniture and vehicles | 24 | - | €44,999 | +€44,999 | |
| Financial fixed assets | 28 | €896,294 | €896,294 | = | 0.0% |
| Current assets | 29/58 | €1,026,475 | €969,810 | -€56,665 | -5.5% |
| Amounts receivable within one year | 40/41 | €212,040 | - | -€212,040 | |
| Other amounts receivable | 41 | €212,040 | - | -€212,040 | |
| Current investments | 50/53 | - | €639,886 | +€639,886 | |
| Cash at bank and in hand | 54/58 | €808,978 | €329,924 | -€479,054 | -59.2% |
| Deferred charges and accrued income | 490/1 | €5,457 | - | -€5,457 | |
| Total equity and liabilities | 10/49 | €2,351,335 | €2,326,803 | -€24,532 | -1.0% |
| Equity | 10/15 | €1,507,744 | €2,067,764 | +€560,020 | +37.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,256,520 | €1,816,540 | +€560,020 | +44.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,254,660 | €1,814,680 | +€560,020 | +44.6% |
| Profit (loss) carried forward | 14 | €245,024 | €245,024 | = | 0.0% |
| Amounts payable | 17/49 | €843,591 | €259,039 | -€584,552 | -69.3% |
| Amounts payable after more than one year | 17 | €186,125 | €157,490 | -€28,635 | -15.4% |
| Financial debts | 170/4 | €186,125 | €157,490 | -€28,635 | -15.4% |
| Amounts payable within one year | 42/48 | €657,466 | €101,548 | -€555,918 | -84.6% |
| Current portion of amounts payable after more than one year | 42 | €22,938 | €26,582 | +€3,644 | +15.9% |
| Financial debts | 43 | €500,000 | - | -€500,000 | |
| Credit institutions | 430/8 | €500,000 | - | -€500,000 | |
| Trade debts | 44 | €8,977 | €110 | -€8,867 | -98.8% |
| Suppliers | 440/4 | €8,977 | €110 | -€8,867 | -98.8% |
| Taxes, remuneration and social security | 45 | €110,937 | €71,779 | -€39,158 | -35.3% |
| Taxes | 450/3 | €108,050 | €71,779 | -€36,271 | -33.6% |
| Remuneration and social security | 454/9 | €2,887 | - | -€2,887 | |
| Other amounts payable | 47/48 | €14,614 | €3,077 | -€11,537 | -78.9% |
| Accrued charges and deferred income | 492/3 | - | €1 | +€1 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,504 | €15,866 | -€6,638 | -29.5% |
| Other operating charges | 640/8 | €1,863 | €2,474 | +€611 | +32.8% |
| Gross operating margin | 9900 | €164,827 | €194,995 | +€30,168 | +18.3% |
| Operating profit (loss) | 9901 | €140,460 | €176,655 | +€36,195 | +25.8% |
| Financial income | 75/76B | €1,064,443 | €563,420 | -€501,023 | -47.1% |
| Recurring financial income | 75 | €1,064,443 | €563,420 | -€501,023 | -47.1% |
| Financial charges | 65/66B | €6,159 | €5,086 | -€1,073 | -17.4% |
| Recurring financial charges | 65 | €6,159 | €5,086 | -€1,073 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €1,198,744 | €734,989 | -€463,755 | -38.7% |
| Income taxes | 67/77 | €136,191 | €104,969 | -€31,222 | -22.9% |
| Profit (loss) for the period | 9904 | €1,062,553 | €630,020 | -€432,533 | -40.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,062,553 | €630,020 | -€432,533 | -40.7% |
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 15 October 2026 via checked.be.