JOLY: 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.
JOLY
Largest movements
- Tangible fixed assets -€48,546
down €48,546 (-3.9%), from €1.2m to €1.2m
- Receivables within one year +€21,350
up €21,350 (+46.3%), from €46,150 to €67,500
of which Other amounts receivable: +€12,000
- Other debts -€38,884
down €38,884 (-12.5%), from €310,701 to €271,817
- Debts after one year -€36,723
down €36,723 (-8.7%), from €420,071 to €383,348
- Reserves +€29,435
up €29,435 (+33.7%), from €87,289 to €116,724
of which Distributable reserves: +€27,963
- Financial charges -€4,232
down €4,232 (-19.2%), from €22,038 to €17,806
- Taxes +€2,532
up €2,532 (+22.6%), from €11,204 to €13,736
- Gross operating margin -€2,488
down €2,488 (-2.0%), from €125,405 to €122,917
- Depreciation -€1,469
down €1,469 (-2.9%), from €50,015 to €48,546
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 | €1,288,917 | €1,257,311 | -€31,606 | -2.5% |
| Fixed assets | 21/28 | €1,235,187 | €1,186,642 | -€48,546 | -3.9% |
| Tangible fixed assets | 22/27 | €1,235,187 | €1,186,642 | -€48,546 | -3.9% |
| Land and buildings | 22 | €1,235,187 | €1,186,642 | -€48,546 | -3.9% |
| Current assets | 29/58 | €53,730 | €70,670 | +€16,940 | +31.5% |
| Amounts receivable within one year | 40/41 | €46,150 | €67,500 | +€21,350 | +46.3% |
| Trade receivables | 40 | €7,150 | €16,500 | +€9,350 | +130.8% |
| Other amounts receivable | 41 | €39,000 | €51,000 | +€12,000 | +30.8% |
| Cash at bank and in hand | 54/58 | €4,640 | €1,595 | -€3,046 | -65.6% |
| Deferred charges and accrued income | 490/1 | €2,940 | €1,575 | -€1,364 | -46.4% |
| Total equity and liabilities | 10/49 | €1,288,917 | €1,257,311 | -€31,606 | -2.5% |
| Equity | 10/15 | €516,728 | €546,163 | +€29,435 | +5.7% |
| Contributions | 10/11 | €429,438 | €429,438 | = | 0.0% |
| Capital | 10 | €429,438 | €429,438 | = | 0.0% |
| Issued capital | 100 | €429,438 | €429,438 | = | 0.0% |
| Reserves | 13 | €87,289 | €116,724 | +€29,435 | +33.7% |
| Non-distributable reserves | 130/1 | €12,478 | €13,950 | +€1,472 | +11.8% |
| Legal reserve | 130 | €12,478 | €13,950 | +€1,472 | +11.8% |
| Distributable reserves | 133 | €74,811 | €102,774 | +€27,963 | +37.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €772,190 | €711,149 | -€61,041 | -7.9% |
| Amounts payable after more than one year | 17 | €420,071 | €383,348 | -€36,723 | -8.7% |
| Financial debts | 170/4 | €420,071 | €383,348 | -€36,723 | -8.7% |
| Amounts payable within one year | 42/48 | €352,118 | €327,801 | -€24,318 | -6.9% |
| Current portion of amounts payable after more than one year | 42 | €36,078 | €45,630 | +€9,552 | +26.5% |
| Financial debts | 43 | €0 | €17 | +€17 | |
| Credit institutions | 430/8 | €0 | €17 | +€17 | |
| Trade debts | 44 | €374 | €2,388 | +€2,014 | +538.1% |
| Suppliers | 440/4 | €374 | €2,388 | +€2,014 | +538.1% |
| Taxes, remuneration and social security | 45 | €4,966 | €7,948 | +€2,982 | +60.1% |
| Taxes | 450/3 | €4,966 | €7,948 | +€2,982 | +60.1% |
| Other amounts payable | 47/48 | €310,701 | €271,817 | -€38,884 | -12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,015 | €48,546 | -€1,469 | -2.9% |
| Other operating charges | 640/8 | €13,211 | €13,402 | +€191 | +1.4% |
| Gross operating margin | 9900 | €125,405 | €122,917 | -€2,488 | -2.0% |
| Operating profit (loss) | 9901 | €62,179 | €60,969 | -€1,210 | -1.9% |
| Financial income | 75/76B | €0 | €7 | +€7 | |
| Recurring financial income | 75 | €0 | €7 | +€7 | |
| Financial charges | 65/66B | €22,038 | €17,806 | -€4,232 | -19.2% |
| Recurring financial charges | 65 | €22,038 | €17,806 | -€4,232 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | €40,141 | €43,171 | +€3,030 | +7.5% |
| Income taxes | 67/77 | €11,204 | €13,736 | +€2,532 | +22.6% |
| Profit (loss) for the period | 9904 | €28,937 | €29,435 | +€498 | +1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €28,937 | €29,435 | +€498 | +1.7% |
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 8 October 2026 via checked.be.