BOUWGROEP JOYE: 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.
BOUWGROEP JOYE
Largest movements
- Stocks and contracts +€930,638
up €930,638 (+401%), from €232,323 to €1.2m
- Cash +€519,743
up €519,743 (+228%), from €227,503 to €747,245
mainly Other debts (+€1.1m) and Short-term financial debts (+€305,250)
- Current investments -€200,000
down €200,000 (-100%), from €200,000 to €0
- Receivables within one year +€41,833
up €41,833 (+2.6%), from €1.6m to €1.6m
of which Other amounts receivable: +€27,651
- Other debts +€1.1m
up €1.1m (+188%), from €561,770 to €1.6m
- Profit (loss) carried forward -€931,989
down €931,989 (-100%), from €931,989 to €0
- Reserves +€752,869
up €752,869 (+243%), from €310,000 to €1.1m
of which Distributable reserves: +€752,869
- Short-term financial debts +€305,250
new in 2025: €305,250
- Trade debts +€165,384
up €165,384 (+323%), from €51,202 to €216,586
- Gross operating margin +€183,719
up €183,719 (+257%), from €71,481 to €255,201
- Other operating charges -€33,640
down €33,640 (-57.9%), from €58,091 to €24,451
- Financial charges +€32,703
up €32,703 (+71.3%), from €45,894 to €78,596
- Depreciation +€19,624
up €19,624 (+158%), from €12,440 to €32,064
- Taxes +€17,940
up €17,940 (+1,921%), from €934 to €18,875
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 | €2,376,175 | €3,636,326 | +€1.3m | +53.0% |
| Fixed assets | 21/28 | €115,815 | €83,752 | -€32,064 | -27.7% |
| Tangible fixed assets | 22/27 | €115,815 | €83,752 | -€32,064 | -27.7% |
| Leasing and similar rights | 25 | €115,815 | €83,752 | -€32,064 | -27.7% |
| Current assets | 29/58 | €2,260,360 | €3,552,574 | +€1.3m | +57.2% |
| Stocks and contracts in progress | 3 | €232,323 | €1,162,962 | +€930,638 | +401% |
| Contracts in progress | 37 | €232,323 | €1,162,962 | +€930,638 | +401% |
| Amounts receivable within one year | 40/41 | €1,600,534 | €1,642,367 | +€41,833 | +2.6% |
| Trade receivables | 40 | €8,000 | €22,182 | +€14,182 | +177% |
| Other amounts receivable | 41 | €1,592,534 | €1,620,185 | +€27,651 | +1.7% |
| Current investments | 50/53 | €200,000 | €0 | -€200,000 | -100% |
| Cash at bank and in hand | 54/58 | €227,503 | €747,245 | +€519,743 | +228% |
| Total equity and liabilities | 10/49 | €2,376,175 | €3,636,326 | +€1.3m | +53.0% |
| Equity | 10/15 | €1,341,989 | €1,162,869 | -€179,120 | -13.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €310,000 | €1,062,869 | +€752,869 | +243% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €300,000 | €1,052,869 | +€752,869 | +251% |
| Profit (loss) carried forward | 14 | €931,989 | €0 | -€931,989 | -100% |
| Amounts payable | 17/49 | €1,034,186 | €2,473,456 | +€1.4m | +139% |
| Amounts payable after more than one year | 17 | €85,566 | €53,672 | -€31,894 | -37.3% |
| Financial debts | 170/4 | €85,566 | €53,672 | -€31,894 | -37.3% |
| Amounts payable within one year | 42/48 | €918,299 | €2,377,860 | +€1.5m | +159% |
| Current portion of amounts payable after more than one year | 42 | €30,428 | €31,894 | +€1,467 | +4.8% |
| Financial debts | 43 | - | €305,250 | +€305,250 | |
| Credit institutions | 430/8 | - | €305,250 | +€305,250 | |
| Trade debts | 44 | €51,202 | €216,586 | +€165,384 | +323% |
| Suppliers | 440/4 | €51,202 | €216,586 | +€165,384 | +323% |
| Advances received on contracts in progress | 46 | €270,344 | €192,500 | -€77,844 | -28.8% |
| Taxes, remuneration and social security | 45 | €4,556 | €12,088 | +€7,532 | +165% |
| Taxes | 450/3 | €4,556 | €12,088 | +€7,532 | +165% |
| Other amounts payable | 47/48 | €561,770 | €1,619,542 | +€1.1m | +188% |
| Accrued charges and deferred income | 492/3 | €30,321 | €41,924 | +€11,603 | +38.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,440 | €32,064 | +€19,624 | +158% |
| Other operating charges | 640/8 | €58,091 | €24,451 | -€33,640 | -57.9% |
| Gross operating margin | 9900 | €71,481 | €255,201 | +€183,719 | +257% |
| Operating profit (loss) | 9901 | €950 | €198,685 | +€197,735 | +20,810% |
| Financial income | 75/76B | €19,120 | €19,666 | +€545 | +2.9% |
| Recurring financial income | 75 | €19,120 | €19,666 | +€545 | +2.9% |
| Financial charges | 65/66B | €45,894 | €78,596 | +€32,703 | +71.3% |
| Recurring financial charges | 65 | €45,894 | €78,596 | +€32,703 | +71.3% |
| Profit (loss) for the period before taxes | 9903 | -€25,823 | €139,755 | +€165,578 | |
| Income taxes | 67/77 | €934 | €18,875 | +€17,940 | +1,921% |
| Profit (loss) for the period | 9904 | -€26,757 | €120,880 | +€147,638 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,757 | €120,880 | +€147,638 |
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 29 October 2026 via checked.be.