JOEY'S: 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.
JOEY'S
Largest movements
- Receivables within one year +€129,177
up €129,177 (+132%), from €97,843 to €227,021
of which Trade receivables: +€78,075
- Cash -€16,004
down €16,004 (-69.1%), from €23,155 to €7,151
mainly Receivables within one year (-€129,177) and Tax, wage and social debts (-€9,025)
- Deferred charges and accrued income -€2,729
down €2,729 (-100%), from €2,729 to €0
- Trade debts +€109,425
up €109,425 (+380%), from €28,774 to €138,199
- Other debts +€14,902
up €14,902 (+77.4%), from €19,248 to €34,151
- Tax, wage and social debts -€9,025
down €9,025 (-27.9%), from €32,300 to €23,274
of which Taxes: -€13,727
- Debts after one year -€4,890
down €4,890 (-100%), from €4,890 to €0
- Accrued charges and deferred income -€2,570
down €2,570 (-33.5%), from €7,679 to €5,109
- Taxes +€20,816
up €20,816, from €0 to €20,816
- Staff costs +€6,138
up €6,138 (+14.0%), from €43,936 to €50,075
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 | €136,052 | €245,435 | +€109,383 | +80.4% |
| Fixed assets | 21/28 | €9,609 | €7,935 | -€1,674 | -17.4% |
| Tangible fixed assets | 22/27 | €8,790 | €7,115 | -€1,674 | -19.0% |
| Plant, machinery and equipment | 23 | €8,790 | €7,115 | -€1,674 | -19.0% |
| Financial fixed assets | 28 | €819 | €819 | = | 0.0% |
| Current assets | 29/58 | €126,443 | €237,500 | +€111,057 | +87.8% |
| Stocks and contracts in progress | 3 | €2,715 | €3,328 | +€613 | +22.6% |
| Stocks | 30/36 | €2,715 | €3,328 | +€613 | +22.6% |
| Amounts receivable within one year | 40/41 | €97,843 | €227,021 | +€129,177 | +132% |
| Trade receivables | 40 | €29,563 | €107,638 | +€78,075 | +264% |
| Other amounts receivable | 41 | €68,280 | €119,383 | +€51,103 | +74.8% |
| Cash at bank and in hand | 54/58 | €23,155 | €7,151 | -€16,004 | -69.1% |
| Deferred charges and accrued income | 490/1 | €2,729 | €0 | -€2,729 | -100% |
| Total equity and liabilities | 10/49 | €136,052 | €245,435 | +€109,383 | +80.4% |
| Equity | 10/15 | €43,161 | €42,202 | -€958 | -2.2% |
| Contributions | 10/11 | €14,874 | €14,874 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,287 | €27,329 | -€958 | -3.4% |
| Amounts payable | 17/49 | €92,891 | €203,232 | +€110,342 | +119% |
| Amounts payable after more than one year | 17 | €4,890 | €0 | -€4,890 | -100% |
| Financial debts | 170/4 | €4,890 | €0 | -€4,890 | -100% |
| Amounts payable within one year | 42/48 | €80,322 | €198,124 | +€117,802 | +147% |
| Current portion of amounts payable after more than one year | 42 | €0 | €2,500 | +€2,500 | |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €28,774 | €138,199 | +€109,425 | +380% |
| Suppliers | 440/4 | €28,774 | €138,199 | +€109,425 | +380% |
| Taxes, remuneration and social security | 45 | €32,300 | €23,274 | -€9,025 | -27.9% |
| Taxes | 450/3 | €32,101 | €18,374 | -€13,727 | -42.8% |
| Remuneration and social security | 454/9 | €198 | €4,900 | +€4,702 | +2,372% |
| Other amounts payable | 47/48 | €19,248 | €34,151 | +€14,902 | +77.4% |
| Accrued charges and deferred income | 492/3 | €7,679 | €5,109 | -€2,570 | -33.5% |
| Remuneration, social security and pensions | 62 | €43,936 | €50,075 | +€6,138 | +14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,874 | €1,674 | -€200 | -10.7% |
| Other operating charges | 640/8 | €7,285 | €8,047 | +€762 | +10.5% |
| Gross operating margin | 9900 | €80,455 | €80,523 | +€68 | +0.1% |
| Operating profit (loss) | 9901 | €27,359 | €20,727 | -€6,633 | -24.2% |
| Financial income | 75/76B | €37 | €283 | +€246 | +664% |
| Recurring financial income | 75 | €37 | €283 | +€246 | +664% |
| Financial charges | 65/66B | €1,501 | €1,152 | -€348 | -23.2% |
| Recurring financial charges | 65 | €1,501 | €1,152 | -€348 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | €25,896 | €19,857 | -€6,038 | -23.3% |
| Income taxes | 67/77 | €0 | €20,816 | +€20,816 | |
| Profit (loss) for the period | 9904 | €25,896 | -€958 | -€26,854 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,896 | -€958 | -€26,854 |
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 26 October 2026 via checked.be.