IMMOGROEP 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.
What changed
IMMOGROEP JOYE
NACE 68.121, Development of residential building projects
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€65,782
2024 · -€2,785-€62,997
Equity
€5.1m
2024 · €5.2m-€65,782
Cash
€558,876
2024 · €1.5m-€971,248
Balance sheet total
€9.3m
2024 · €10.1m-€737,140
Largest movements
Assets
- Cash -€971,248
down €971,248 (-63.5%), from €1.5m to €558,876
mainly Other debts (-€517,437) and Short-term financial debts (-€275,000)
- Receivables within one year +€168,818
up €168,818 (+6.3%), from €2.7m to €2.9m
of which Trade receivables: +€353,239
Equity and liabilities
- Other debts -€517,437
down €517,437 (-20.3%), from €2.6m to €2.0m
- Short-term financial debts -€275,000
down €275,000 (-100%), from €275,000 to €0
- Debts after one year +€120,000
up €120,000 (+6.1%), from €2.0m to €2.1m
Income statement
- Gross operating margin -€165,364
down €165,364 (-61.5%), from €268,956 to €103,592
- Financial income +€57,165
up €57,165 (+477%), from €11,983 to €69,149
- Other operating charges -€45,720
down €45,720 (-46.9%), from €97,441 to €51,721
- Taxes -€33,107
down €33,107 (-99.1%), from €33,393 to €286
- Depreciation +€8,738
up €8,738 (+14.3%), from €61,049 to €69,787
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.
Result 2024
-€2,785
Gross operating margin
-€165,364
Depreciation
-€8,738
Other operating charges
+€45,720
Financial income
+€57,165
Financial charges
-€5,438
Taxes
+€33,107
Deferred taxes and other
-€19,450
Result 2025
-€65,782
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€746,717
Investment
-€69,531
Financing
-€155,000
Cash 2024
€1.5m
From operations (derived)
-€746,717
Net result for the year
-€65,782
Depreciation
+€69,787
Receivables within one year
-€168,818
Deferred charges and accrued income
-€65,545
Provisions
-€9,421
Trade debts
+€5,338
Tax, wage and social debts
+€4,028
Other debts
-€517,437
Accrued charges and deferred income
+€1,134
Investment (derived)
-€69,531
Investment in fixed assets (net)
-€69,531
Financing
-€155,000
Debts after one year
+€120,000
Short-term financial debts
-€275,000
Cash 2025
€558,876
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,080,211 | €9,343,071 | -€737,140 | -7.3% |
| Fixed assets | 21/28 | €4,375,354 | €4,375,098 | -€256 | 0.0% |
| Tangible fixed assets | 22/27 | €2,956,265 | €2,886,478 | -€69,787 | -2.4% |
| Land and buildings | 22 | €2,854,452 | €2,815,425 | -€39,028 | -1.4% |
| Plant, machinery and equipment | 23 | €24 | €0 | -€24 | -100% |
| Furniture and vehicles | 24 | €101,789 | €71,054 | -€30,735 | -30.2% |
| Financial fixed assets | 28 | €1,419,089 | €1,488,620 | +€69,531 | +4.9% |
| Current assets | 29/58 | €5,704,857 | €4,967,973 | -€736,884 | -12.9% |
| Amounts receivable after more than one year | 29 | €685,000 | €685,000 | = | 0.0% |
| Other amounts receivable | 291 | €685,000 | €685,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €800,835 | €800,835 | = | 0.0% |
| Stocks | 30/36 | €800,835 | €800,835 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,687,412 | €2,856,230 | +€168,818 | +6.3% |
| Trade receivables | 40 | €122,725 | €475,964 | +€353,239 | +288% |
| Other amounts receivable | 41 | €2,564,687 | €2,380,266 | -€184,421 | -7.2% |
| Cash at bank and in hand | 54/58 | €1,530,124 | €558,876 | -€971,248 | -63.5% |
| Deferred charges and accrued income | 490/1 | €1,487 | €67,032 | +€65,545 | +4,407% |
| Total equity and liabilities | 10/49 | €10,080,211 | €9,343,071 | -€737,140 | -7.3% |
| Equity | 10/15 | €5,187,785 | €5,122,004 | -€65,782 | -1.3% |
| Contributions | 10/11 | €650,000 | €650,000 | = | 0.0% |
| Capital | 10 | €650,000 | €650,000 | = | 0.0% |
| Issued capital | 100 | €650,000 | €650,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,681,198 | €1,681,198 | = | 0.0% |
| Reserves | 13 | €2,856,587 | €2,790,806 | -€65,782 | -2.3% |
| Non-distributable reserves | 130/1 | €65,000 | €65,000 | = | 0.0% |
| Legal reserve | 130 | €65,000 | €65,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €289,950 | €261,686 | -€28,264 | -9.7% |
| Distributable reserves | 133 | €2,501,637 | €2,464,119 | -€37,518 | -1.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €95,906 | €86,485 | -€9,421 | -9.8% |
| Deferred taxes | 168 | €95,906 | €86,485 | -€9,421 | -9.8% |
| Amounts payable | 17/49 | €4,796,520 | €4,134,583 | -€661,937 | -13.8% |
| Amounts payable after more than one year | 17 | €1,953,346 | €2,073,346 | +€120,000 | +6.1% |
| Financial debts | 170/4 | €1,953,346 | €2,073,346 | +€120,000 | +6.1% |
| Amounts payable within one year | 42/48 | €2,838,112 | €2,055,042 | -€783,071 | -27.6% |
| Financial debts | 43 | €275,000 | €0 | -€275,000 | -100% |
| Credit institutions | 430/8 | €275,000 | €0 | -€275,000 | -100% |
| Trade debts | 44 | €12,451 | €17,789 | +€5,338 | +42.9% |
| Suppliers | 440/4 | €12,451 | €17,789 | +€5,338 | +42.9% |
| Taxes, remuneration and social security | 45 | €0 | €4,028 | +€4,028 | |
| Taxes | 450/3 | €0 | €4,028 | +€4,028 | |
| Other amounts payable | 47/48 | €2,550,661 | €2,033,224 | -€517,437 | -20.3% |
| Accrued charges and deferred income | 492/3 | €5,061 | €6,195 | +€1,134 | +22.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,049 | €69,787 | +€8,738 | +14.3% |
| Other operating charges | 640/8 | €97,441 | €51,721 | -€45,720 | -46.9% |
| Gross operating margin | 9900 | €268,956 | €103,592 | -€165,364 | -61.5% |
| Operating profit (loss) | 9901 | €110,466 | -€17,915 | -€128,381 | |
| Financial income | 75/76B | €11,983 | €69,149 | +€57,165 | +477% |
| Recurring financial income | 75 | €11,983 | €69,149 | +€57,165 | +477% |
| Financial charges | 65/66B | €120,713 | €126,150 | +€5,438 | +4.5% |
| Recurring financial charges | 65 | €120,713 | €126,150 | +€5,438 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | €1,737 | -€74,917 | -€76,654 | |
| Transfer from deferred taxes | 780 | €28,871 | €9,421 | -€19,450 | -67.4% |
| Income taxes | 67/77 | €33,393 | €286 | -€33,107 | -99.1% |
| Profit (loss) for the period | 9904 | -€2,785 | -€65,782 | -€62,997 | -2,262% |
| Transfer from tax-exempt reserves | 789 | €86,614 | €28,264 | -€58,350 | -67.4% |
| Profit (loss) for the period to be appropriated | 9905 | €83,829 | -€37,518 | -€121,347 |
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 22 October 2026 via checked.be.