HN Joy: 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.
HN Joy
Largest movements
- Tangible fixed assets -€9,569
down €9,569 (-38.1%), from €25,126 to €15,557
- Cash +€8,103
up €8,103 (+47.1%), from €17,208 to €25,311
mainly Net result for the year (+€31,798) and Depreciation (+€12,072)
- Receivables within one year +€2,340
up €2,340 (+86.0%), from €2,722 to €5,062
of which Other amounts receivable: +€1,690
- Other debts +€3,742
up €3,742 (+13.2%), from €28,328 to €32,070
- Tax, wage and social debts -€2,612
down €2,612 (-35.6%), from €7,343 to €4,731
- Trade debts -€881
down €881 (-43.1%), from €2,044 to €1,163
- Profit (loss) carried forward +€798
up €798 (+440%), from €181 to €979
- Gross operating margin +€14,743
up €14,743 (+34.8%), from €42,423 to €57,166
- Taxes +€2,903
up €2,903 (+32.2%), from €9,018 to €11,921
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 | €45,930 | €46,977 | +€1,047 | +2.3% |
| Fixed assets | 21/28 | €25,166 | €15,596 | -€9,569 | -38.0% |
| Tangible fixed assets | 22/27 | €25,126 | €15,557 | -€9,569 | -38.1% |
| Furniture and vehicles | 24 | €25,126 | €15,557 | -€9,569 | -38.1% |
| Financial fixed assets | 28 | €39 | €39 | = | 0.0% |
| Current assets | 29/58 | €20,765 | €31,381 | +€10,617 | +51.1% |
| Amounts receivable within one year | 40/41 | €2,722 | €5,062 | +€2,340 | +86.0% |
| Trade receivables | 40 | - | €650 | +€650 | |
| Other amounts receivable | 41 | €2,722 | €4,412 | +€1,690 | +62.1% |
| Current investments | 50/53 | - | €133 | +€133 | |
| Cash at bank and in hand | 54/58 | €17,208 | €25,311 | +€8,103 | +47.1% |
| Deferred charges and accrued income | 490/1 | €834 | €875 | +€41 | +4.9% |
| Total equity and liabilities | 10/49 | €45,930 | €46,977 | +€1,047 | +2.3% |
| Equity | 10/15 | €8,215 | €9,013 | +€798 | +9.7% |
| Contributions | 10/11 | €8,034 | €8,034 | = | 0.0% |
| Profit (loss) carried forward | 14 | €181 | €979 | +€798 | +440% |
| Amounts payable | 17/49 | €37,715 | €37,964 | +€249 | +0.7% |
| Amounts payable within one year | 42/48 | €37,715 | €37,964 | +€249 | +0.7% |
| Trade debts | 44 | €2,044 | €1,163 | -€881 | -43.1% |
| Suppliers | 440/4 | €2,044 | €1,163 | -€881 | -43.1% |
| Taxes, remuneration and social security | 45 | €7,343 | €4,731 | -€2,612 | -35.6% |
| Taxes | 450/3 | €7,343 | €4,731 | -€2,612 | -35.6% |
| Other amounts payable | 47/48 | €28,328 | €32,070 | +€3,742 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,779 | €12,072 | +€293 | +2.5% |
| Other operating charges | 640/8 | €974 | €1,007 | +€34 | +3.5% |
| Gross operating margin | 9900 | €42,423 | €57,166 | +€14,743 | +34.8% |
| Operating profit (loss) | 9901 | €29,670 | €44,087 | +€14,417 | +48.6% |
| Financial income | 75/76B | €7 | €6 | -€1 | -12.2% |
| Recurring financial income | 75 | €7 | €6 | -€1 | -12.2% |
| Financial charges | 65/66B | €840 | €375 | -€465 | -55.4% |
| Recurring financial charges | 65 | €840 | €375 | -€465 | -55.4% |
| Profit (loss) for the period before taxes | 9903 | €28,838 | €43,719 | +€14,881 | +51.6% |
| Income taxes | 67/77 | €9,018 | €11,921 | +€2,903 | +32.2% |
| Profit (loss) for the period | 9904 | €19,820 | €31,798 | +€11,978 | +60.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,820 | €31,798 | +€11,978 | +60.4% |
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 24 October 2026 via checked.be.