JAMES JOYCE: what changed
Two fiscal 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.
JAMES JOYCE
Largest movements
- Cash +€13,141
up €13,141 (+54.0%), from €24,345 to €37,485
mainly Net result for the year (+€22,749) and Deferred charges and accrued income (+€6,009)
- Receivables within one year +€10,741
up €10,741 (+406.2%), from €2,644 to €13,385
of which Trade receivables: +€7,675
- Deferred charges and accrued income -€6,009
down €6,009 (-99.2%), from €6,058 to €49
- Intangible fixed assets -€4,000
down €4,000 (-15.8%), from €25,333 to €21,333
- Stocks and contracts -€2,652
down €2,652 (-19.0%), from €13,950 to €11,299
- Reserves +€22,749
up €22,749 (+111.3%), from €20,440 to €43,188
- Tax, wage and social debts -€8,764
down €8,764 (-34.5%), from €25,414 to €16,651
of which Taxes: -€4,871
- Trade debts -€3,554
down €3,554 (-65.4%), from €5,434 to €1,880
- Other debts +€1,138
up €1,138 (+4.1%), from €27,918 to €29,056
- Gross operating margin +€6,095
up €6,095 (+7.1%), from €85,335 to €91,430
- Staff costs -€3,565
down €3,565 (-8.7%), from €41,105 to €37,540
- Taxes +€2,065
up €2,065 (+22.1%), from €9,326 to €11,391
- Other operating charges +€1,380
up €1,380 (+35.5%), from €3,894 to €5,274
- Financial charges +€1,233
up €1,233 (+15.7%), from €7,858 to €9,091
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.
Cash bridge derived
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 | €85,406 | €96,976 | +€11,569 | +13.5% |
| Fixed assets | 21/28 | €38,409 | €34,757 | -€3,652 | -9.5% |
| Intangible fixed assets | 21 | €25,333 | €21,333 | -€4,000 | -15.8% |
| Tangible fixed assets | 22/27 | €7,848 | €8,196 | +€348 | +4.4% |
| Plant, machinery and equipment | 23 | €6,869 | €7,699 | +€830 | +12.1% |
| Furniture and vehicles | 24 | €979 | €497 | -€482 | -49.2% |
| Financial fixed assets | 28 | €5,228 | €5,228 | = | 0.0% |
| Current assets | 29/58 | €46,997 | €62,218 | +€15,221 | +32.4% |
| Stocks and contracts in progress | 3 | €13,950 | €11,299 | -€2,652 | -19.0% |
| Stocks | 30/36 | €13,950 | €11,299 | -€2,652 | -19.0% |
| Amounts receivable within one year | 40/41 | €2,644 | €13,385 | +€10,741 | +406.2% |
| Trade receivables | 40 | - | €7,675 | +€7,675 | |
| Other amounts receivable | 41 | €2,644 | €5,709 | +€3,065 | +115.9% |
| Cash at bank and in hand | 54/58 | €24,345 | €37,485 | +€13,141 | +54.0% |
| Deferred charges and accrued income | 490/1 | €6,058 | €49 | -€6,009 | -99.2% |
| Total equity and liabilities | 10/49 | €85,406 | €96,976 | +€11,569 | +13.5% |
| Equity | 10/15 | €26,640 | €49,388 | +€22,749 | +85.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €20,440 | €43,188 | +€22,749 | +111.3% |
| Distributable reserves | 133 | €20,440 | €43,188 | +€22,749 | +111.3% |
| Amounts payable | 17/49 | €58,767 | €47,587 | -€11,179 | -19.0% |
| Amounts payable within one year | 42/48 | €58,767 | €47,587 | -€11,179 | -19.0% |
| Trade debts | 44 | €5,434 | €1,880 | -€3,554 | -65.4% |
| Suppliers | 440/4 | €5,434 | €1,880 | -€3,554 | -65.4% |
| Taxes, remuneration and social security | 45 | €25,414 | €16,651 | -€8,764 | -34.5% |
| Taxes | 450/3 | €18,873 | €14,002 | -€4,871 | -25.8% |
| Remuneration and social security | 454/9 | €6,542 | €2,649 | -€3,893 | -59.5% |
| Other amounts payable | 47/48 | €27,918 | €29,056 | +€1,138 | +4.1% |
| Remuneration, social security and pensions | 62 | €41,105 | €37,540 | -€3,565 | -8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,190 | €5,386 | +€196 | +3.8% |
| Other operating charges | 640/8 | €3,894 | €5,274 | +€1,380 | +35.5% |
| Gross operating margin | 9900 | €85,335 | €91,430 | +€6,095 | +7.1% |
| Operating profit (loss) | 9901 | €35,147 | €43,230 | +€8,083 | +23.0% |
| Financial charges | 65/66B | €7,858 | €9,091 | +€1,233 | +15.7% |
| Recurring financial charges | 65 | €7,858 | €9,091 | +€1,233 | +15.7% |
| Profit (loss) for the period before taxes | 9903 | €27,288 | €34,139 | +€6,851 | +25.1% |
| Income taxes | 67/77 | €9,326 | €11,391 | +€2,065 | +22.1% |
| Profit (loss) for the period | 9904 | €17,962 | €22,749 | +€4,786 | +26.6% |
| Profit (loss) for the period to be appropriated | 9905 | €17,962 | €22,749 | +€4,786 | +26.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.