JOHAN JOYE: what changed
JOHAN JOYE
Largest movements
- Tangible fixed assets -€78,615
down €78,615 (-10.7%), from €735,102 to €656,486
of which Land and buildings: -€45,329
- Cash +€56,145
up €56,145 (+196%), from €28,616 to €84,762
mainly Depreciation (+€78,615) and Net result for the year (+€48,515)
- Stocks and contracts -€38,438
down €38,438 (-48.6%), from €79,074 to €40,636
of which Contracts in progress: -€28,195
- Receivables within one year +€12,587
up €12,587 (+61.0%), from €20,636 to €33,223
of which Trade receivables: +€15,086
- Debts after one year -€69,681
down €69,681 (-28.5%), from €244,305 to €174,625
- Reserves +€28,053
up €28,053 (+7.8%), from €358,934 to €386,987
- Other debts +€15,002
up €15,002 (+11.0%), from €135,886 to €150,888
- Trade debts -€13,353
down €13,353 (-62.3%), from €21,441 to €8,089
- Gross operating margin +€18,718
up €18,718 (+12.2%), from €153,119 to €171,838
- Depreciation +€10,696
up €10,696 (+15.7%), from €67,919 to €78,615
- Financial charges +€5,321
up €5,321 (+43.9%), from €12,125 to €17,446
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €868,287 | €821,833 | -€46,454 | -5.4% |
| Fixed assets | 21/28 | €735,102 | €656,486 | -€78,615 | -10.7% |
| Tangible fixed assets | 22/27 | €735,102 | €656,486 | -€78,615 | -10.7% |
| Land and buildings | 22 | €610,762 | €565,433 | -€45,329 | -7.4% |
| Plant, machinery and equipment | 23 | €5,210 | €3,009 | -€2,201 | -42.2% |
| Furniture and vehicles | 24 | €119,130 | €88,044 | -€31,086 | -26.1% |
| Current assets | 29/58 | €133,186 | €165,347 | +€32,161 | +24.1% |
| Stocks and contracts in progress | 3 | €79,074 | €40,636 | -€38,438 | -48.6% |
| Stocks | 30/36 | €17,548 | €7,305 | -€10,243 | -58.4% |
| Contracts in progress | 37 | €61,526 | €33,330 | -€28,195 | -45.8% |
| Amounts receivable within one year | 40/41 | €20,636 | €33,223 | +€12,587 | +61.0% |
| Trade receivables | 40 | €15,832 | €30,917 | +€15,086 | +95.3% |
| Other amounts receivable | 41 | €4,804 | €2,305 | -€2,499 | -52.0% |
| Cash at bank and in hand | 54/58 | €28,616 | €84,762 | +€56,145 | +196% |
| Deferred charges and accrued income | 490/1 | €4,860 | €6,727 | +€1,867 | +38.4% |
| Total equity and liabilities | 10/49 | €868,287 | €821,833 | -€46,454 | -5.4% |
| Equity | 10/15 | €377,484 | €405,537 | +€28,053 | +7.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €358,934 | €386,987 | +€28,053 | +7.8% |
| Distributable reserves | 133 | €358,934 | €386,987 | +€28,053 | +7.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €490,803 | €416,296 | -€74,507 | -15.2% |
| Amounts payable after more than one year | 17 | €244,305 | €174,625 | -€69,681 | -28.5% |
| Financial debts | 170/4 | €244,305 | €174,625 | -€69,681 | -28.5% |
| Amounts payable within one year | 42/48 | €238,418 | €230,922 | -€7,496 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €78,168 | €71,751 | -€6,417 | -8.2% |
| Trade debts | 44 | €21,441 | €8,089 | -€13,353 | -62.3% |
| Suppliers | 440/4 | €21,441 | €8,089 | -€13,353 | -62.3% |
| Taxes, remuneration and social security | 45 | €2,923 | €195 | -€2,728 | -93.3% |
| Taxes | 450/3 | €2,923 | €195 | -€2,728 | -93.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €135,886 | €150,888 | +€15,002 | +11.0% |
| Accrued charges and deferred income | 492/3 | €8,080 | €10,749 | +€2,669 | +33.0% |
| Non-recurring operating income | 76A | €8,145 | €0 | -€8,145 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,919 | €78,615 | +€10,696 | +15.7% |
| Other operating charges | 640/8 | €6,718 | €6,348 | -€370 | -5.5% |
| Gross operating margin | 9900 | €153,119 | €171,838 | +€18,718 | +12.2% |
| Operating profit (loss) | 9901 | €78,482 | €86,874 | +€8,392 | +10.7% |
| Financial income | 75/76B | €2,552 | €2,585 | +€33 | +1.3% |
| Recurring financial income | 75 | €2,552 | €2,585 | +€33 | +1.3% |
| Financial charges | 65/66B | €12,125 | €17,446 | +€5,321 | +43.9% |
| Recurring financial charges | 65 | €12,125 | €17,446 | +€5,321 | +43.9% |
| Profit (loss) for the period before taxes | 9903 | €68,910 | €72,014 | +€3,104 | +4.5% |
| Income taxes | 67/77 | €22,035 | €23,499 | +€1,464 | +6.6% |
| Profit (loss) for the period | 9904 | €46,875 | €48,515 | +€1,640 | +3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €46,875 | €48,515 | +€1,640 | +3.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.