JOLY: 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.
JOLY
Largest movements
- Cash -€37,561
down €37,561 (-27.0%), from €139,356 to €101,794
mainly Debts after one year (-€51,087) and Investment in fixed assets (net) (-€32,725)
- Tangible fixed assets -€32,132
down €32,132 (-16.8%), from €190,934 to €158,802
of which Plant, machinery and equipment: -€24,035
- Stocks and contracts +€26,670
up €26,670 (+231%), from €11,542 to €38,212
- Debts after one year -€51,087
down €51,087 (-40.5%), from €126,119 to €75,032
- Reserves +€21,182
up €21,182 (+19.5%), from €108,877 to €130,058
- Current portion of long-term debt -€11,139
down €11,139 (-17.9%), from €62,226 to €51,087
- Gross operating margin -€108,161
down €108,161 (-27.4%), from €394,995 to €286,834
- Staff costs -€53,053
down €53,053 (-23.6%), from €224,765 to €171,711
- Taxes -€22,311
down €22,311 (-82.2%), from €27,158 to €4,847
- Write-downs +€11,542
new in 2025: €11,542
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 | €387,006 | €345,241 | -€41,765 | -10.8% |
| Fixed assets | 21/28 | €218,937 | €184,049 | -€34,888 | -15.9% |
| Intangible fixed assets | 21 | €16,534 | €13,779 | -€2,756 | -16.7% |
| Tangible fixed assets | 22/27 | €190,934 | €158,802 | -€32,132 | -16.8% |
| Land and buildings | 22 | €124,336 | €109,696 | -€14,639 | -11.8% |
| Plant, machinery and equipment | 23 | €42,450 | €18,415 | -€24,035 | -56.6% |
| Furniture and vehicles | 24 | €24,148 | €30,691 | +€6,542 | +27.1% |
| Financial fixed assets | 28 | €11,469 | €11,469 | = | 0.0% |
| Current assets | 29/58 | €168,069 | €161,192 | -€6,877 | -4.1% |
| Stocks and contracts in progress | 3 | €11,542 | €38,212 | +€26,670 | +231% |
| Stocks | 30/36 | €11,542 | €38,212 | +€26,670 | +231% |
| Amounts receivable within one year | 40/41 | €17,171 | €19,800 | +€2,628 | +15.3% |
| Trade receivables | 40 | €8,820 | €63 | -€8,757 | -99.3% |
| Other amounts receivable | 41 | €8,352 | €19,737 | +€11,385 | +136% |
| Cash at bank and in hand | 54/58 | €139,356 | €101,794 | -€37,561 | -27.0% |
| Deferred charges and accrued income | 490/1 | - | €1,386 | +€1,386 | |
| Total equity and liabilities | 10/49 | €387,006 | €345,241 | -€41,765 | -10.8% |
| Equity | 10/15 | €123,713 | €144,895 | +€21,182 | +17.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €108,877 | €130,058 | +€21,182 | +19.5% |
| Distributable reserves | 133 | €108,877 | €130,058 | +€21,182 | +19.5% |
| Profit (loss) carried forward | 14 | -€5,164 | -€5,164 | = | 0.0% |
| Amounts payable | 17/49 | €263,293 | €200,347 | -€62,947 | -23.9% |
| Amounts payable after more than one year | 17 | €126,119 | €75,032 | -€51,087 | -40.5% |
| Financial debts | 170/4 | €126,119 | €75,032 | -€51,087 | -40.5% |
| Amounts payable within one year | 42/48 | €137,174 | €125,314 | -€11,860 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €62,226 | €51,087 | -€11,139 | -17.9% |
| Trade debts | 44 | €46,246 | €49,353 | +€3,108 | +6.7% |
| Suppliers | 440/4 | €46,246 | €49,353 | +€3,108 | +6.7% |
| Taxes, remuneration and social security | 45 | €28,703 | €24,874 | -€3,829 | -13.3% |
| Taxes | 450/3 | €8,256 | €8,532 | +€276 | +3.3% |
| Remuneration and social security | 454/9 | €20,447 | €16,342 | -€4,105 | -20.1% |
| Remuneration, social security and pensions | 62 | €224,765 | €171,711 | -€53,053 | -23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,889 | €67,613 | +€724 | +1.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €11,542 | +€11,542 | |
| Other operating charges | 640/8 | €4,613 | €5,242 | +€630 | +13.6% |
| Gross operating margin | 9900 | €394,995 | €286,834 | -€108,161 | -27.4% |
| Operating profit (loss) | 9901 | €98,729 | €30,726 | -€68,003 | -68.9% |
| Financial income | 75/76B | €1,052 | €636 | -€416 | -39.6% |
| Recurring financial income | 75 | €1,052 | €636 | -€416 | -39.6% |
| Financial charges | 65/66B | €8,489 | €5,333 | -€3,156 | -37.2% |
| Recurring financial charges | 65 | €8,489 | €5,333 | -€3,156 | -37.2% |
| Profit (loss) for the period before taxes | 9903 | €91,292 | €26,029 | -€65,264 | -71.5% |
| Income taxes | 67/77 | €27,158 | €4,847 | -€22,311 | -82.2% |
| Profit (loss) for the period | 9904 | €64,134 | €21,182 | -€42,952 | -67.0% |
| Profit (loss) for the period to be appropriated | 9905 | €64,134 | €21,182 | -€42,952 | -67.0% |
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 20 October 2026 via checked.be.