JOLY SA: what changed
What changed
JOLY SA
NACE 42.110, Construction of roads and motorways
filed annual accounts (NBB)
Net result for the year
€958,028
2024 · €1.4m-€401,555
Equity
€16.8m
2024 · €17.3m-€470,962
Cash
€1.5m
2024 · €1.4m+€65,350
Balance sheet total
€32.2m
2024 · €34.7m-€2.5m
Largest movements
Assets
- Receivables within one year -€2.0m
down €2.0m (-23.4%), from €8.4m to €6.4m
of which Other amounts receivable: -€2.0m
- Financial fixed assets -€436,606
down €436,606 (-2.1%), from €20.8m to €20.3m
of which Companies linked by participating interests: -€250,000
Equity and liabilities
- Short-term financial debts -€3.5m
down €3.5m (-28.3%), from €12.2m to €8.8m
of which Credit institutions: -€3.5m
- Other debts +€2.1m
up €2.1m (+80.5%), from €2.6m to €4.7m
- Profit (loss) carried forward -€479,165
down €479,165 (-4.4%), from €10.9m to €10.4m
Income statement
- Services and other goods +€358,110
up €358,110 (+19.6%), from €1.8m to €2.2m
- Financial charges +€117,106
up €117,106 (+19.6%), from €596,694 to €713,800
of which Non-recurring financial charges: +€288,370
- Turnover +€58,947
up €58,947 (+2.8%), from €2.1m to €2.2m
- Other operating income +€56,101
up €56,101 (+10.5%), from €536,139 to €592,240
- Other operating charges +€44,429
up €44,429 (+149%), from €29,795 to €74,224
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.
Result 2024
€1.4m
Turnover
+€58,947
Other operating income
+€56,101
Services and other goods
-€358,110
Staff costs
-€17,206
Depreciation
+€9,024
Other operating charges
-€44,429
Financial income
+€11,049
Financial charges
-€117,106
Taxes
+€175
Result 2025
€958,028
raises the resultlowers the result
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.
From operations
+€5.2m
Investment
+€372,765
Financing
-€5.5m
Cash 2024
€1.4m
From operations (derived)
+€5.2m
Net result for the year
+€958,028
Depreciation
+€203,900
Receivables within one year
+€2.0m
Smaller working-capital items
+€2,578
Trade debts
+€27,674
Tax, wage and social debts
-€18,198
Other debts
+€2.1m
Investment (derived)
+€372,765
Investment in fixed assets (net)
+€409,958
Current investments
-€37,193
Financing
-€5.5m
Debts after one year
-€316,556
Current portion of long-term debt
-€329,852
Short-term financial debts
-€3.5m
Contributions, distributions and other
-€1.4m
Cash 2025
€1.5m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,724,777 | €32,240,816 | -€2.5m | -7.2% |
| Fixed assets | 21/28 | €22,185,105 | €21,571,247 | -€613,858 | -2.8% |
| Tangible fixed assets | 22/27 | €1,407,832 | €1,230,579 | -€177,253 | -12.6% |
| Land and buildings | 22 | €1,295,428 | €1,165,040 | -€130,388 | -10.1% |
| Plant, machinery and equipment | 23 | €3,581 | €2,791 | -€790 | -22.1% |
| Furniture and vehicles | 24 | €34,686 | €6,932 | -€27,754 | -80.0% |
| Leasing and similar rights | 25 | €74,137 | €55,816 | -€18,321 | -24.7% |
| Financial fixed assets | 28 | €20,777,274 | €20,340,668 | -€436,606 | -2.1% |
| Affiliated companies | 280/1 | €20,492,404 | €20,304,035 | -€188,370 | -0.9% |
| Participating interests | 280 | €18,961,960 | €18,773,590 | -€188,370 | -1.0% |
| Amounts receivable | 281 | €1,530,444 | €1,530,444 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €250,000 | - | -€250,000 | |
| Participating interests | 282 | €250,000 | - | -€250,000 | |
| Other financial fixed assets | 284/8 | €34,870 | €36,634 | +€1,764 | +5.1% |
| Shares | 284 | €17,900 | €17,900 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €16,969 | €18,733 | +€1,764 | +10.4% |
| Current assets | 29/58 | €12,539,672 | €10,669,569 | -€1.9m | -14.9% |
| Amounts receivable within one year | 40/41 | €8,409,886 | €6,438,393 | -€2.0m | -23.4% |
| Trade receivables | 40 | €26,809 | €31,949 | +€5,140 | +19.2% |
| Other amounts receivable | 41 | €8,383,077 | €6,406,444 | -€2.0m | -23.6% |
| Current investments | 50/53 | €2,679,742 | €2,716,935 | +€37,193 | +1.4% |
| Own shares | 50 | €2,679,742 | €2,716,935 | +€37,193 | +1.4% |
| Cash at bank and in hand | 54/58 | €1,431,461 | €1,496,811 | +€65,350 | +4.6% |
| Deferred charges and accrued income | 490/1 | €18,582 | €17,430 | -€1,152 | -6.2% |
| Total equity and liabilities | 10/49 | €34,724,777 | €32,240,816 | -€2.5m | -7.2% |
| Equity | 10/15 | €17,275,841 | €16,804,879 | -€470,962 | -2.7% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €5,272,495 | €5,309,688 | +€37,193 | +0.7% |
| Non-distributable reserves | 130/1 | €2,971,517 | €3,008,710 | +€37,193 | +1.3% |
| Legal reserve | 130 | €291,775 | €291,775 | = | 0.0% |
| Own shares acquired | 1312 | €2,679,742 | €2,716,935 | +€37,193 | +1.4% |
| Tax-exempt reserves | 132 | €7,854 | €7,854 | = | 0.0% |
| Distributable reserves | 133 | €2,293,124 | €2,293,124 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,900,592 | €10,421,427 | -€479,165 | -4.4% |
| Investment grants | 15 | €102,753 | €73,764 | -€28,989 | -28.2% |
| Amounts payable | 17/49 | €17,448,937 | €15,435,937 | -€2.0m | -11.5% |
| Amounts payable after more than one year | 17 | €1,768,976 | €1,452,421 | -€316,556 | -17.9% |
| Financial debts | 170/4 | €1,768,976 | €1,452,421 | -€316,556 | -17.9% |
| Subordinated loans | 170 | €1,041,153 | €1,041,153 | = | 0.0% |
| Leasing and similar obligations | 172 | €53,956 | €36,868 | -€17,088 | -31.7% |
| Credit institutions | 173 | €673,868 | €374,400 | -€299,468 | -44.4% |
| Amounts payable within one year | 42/48 | €15,675,250 | €13,977,380 | -€1.7m | -10.8% |
| Current portion of amounts payable after more than one year | 42 | €642,849 | €312,997 | -€329,852 | -51.3% |
| Financial debts | 43 | €12,207,751 | €8,753,168 | -€3.5m | -28.3% |
| Credit institutions | 430/8 | €12,150,000 | €8,700,000 | -€3.5m | -28.4% |
| Other loans | 439 | €57,751 | €53,168 | -€4,584 | -7.9% |
| Trade debts | 44 | €171,636 | €199,310 | +€27,674 | +16.1% |
| Suppliers | 440/4 | €171,636 | €199,310 | +€27,674 | +16.1% |
| Taxes, remuneration and social security | 45 | €72,443 | €54,245 | -€18,198 | -25.1% |
| Taxes | 450/3 | €16,680 | €16,327 | -€353 | -2.1% |
| Remuneration and social security | 454/9 | €55,763 | €37,918 | -€17,846 | -32.0% |
| Other amounts payable | 47/48 | €2,580,570 | €4,657,660 | +€2.1m | +80.5% |
| Accrued charges and deferred income | 492/3 | €4,711 | €6,137 | +€1,426 | +30.3% |
| Operating income | 70/76A | €2,674,477 | €2,789,526 | +€115,048 | +4.3% |
| Turnover | 70 | €2,138,338 | €2,197,286 | +€58,947 | +2.8% |
| Other operating income | 74 | €536,139 | €592,240 | +€56,101 | +10.5% |
| Operating charges | 60/66A | €2,542,512 | €2,953,233 | +€410,721 | +16.2% |
| Services and other goods | 61 | €1,827,675 | €2,185,785 | +€358,110 | +19.6% |
| Remuneration, social security and pensions | 62 | €472,118 | €489,324 | +€17,206 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €212,924 | €203,900 | -€9,024 | -4.2% |
| Other operating charges | 640/8 | €29,795 | €74,224 | +€44,429 | +149% |
| Operating profit (loss) | 9901 | €131,965 | -€163,708 | -€295,673 | |
| Financial income | 75/76B | €1,825,505 | €1,836,554 | +€11,049 | +0.6% |
| Recurring financial income | 75 | €1,825,505 | €1,798,785 | -€26,720 | -1.5% |
| Income from financial fixed assets | 750 | €1,475,000 | €1,550,565 | +€75,565 | +5.1% |
| Income from current assets | 751 | €342,317 | €219,230 | -€123,087 | -36.0% |
| Other financial income | 752/9 | €8,188 | €28,991 | +€20,802 | +254% |
| Non-recurring financial income | 76B | - | €37,769 | +€37,769 | |
| Financial charges | 65/66B | €596,694 | €713,800 | +€117,106 | +19.6% |
| Recurring financial charges | 65 | €596,694 | €425,431 | -€171,263 | -28.7% |
| Debt charges | 650 | €596,649 | €425,431 | -€171,218 | -28.7% |
| Other financial charges | 652/9 | €45 | - | -€45 | |
| Non-recurring financial charges | 66B | - | €288,370 | +€288,370 | |
| Profit (loss) for the period before taxes | 9903 | €1,360,776 | €959,046 | -€401,730 | -29.5% |
| Income taxes | 67/77 | €1,194 | €1,019 | -€175 | -14.7% |
| Taxes | 670/3 | €1,194 | €1,019 | -€175 | -14.7% |
| Profit (loss) for the period | 9904 | €1,359,583 | €958,028 | -€401,555 | -29.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,359,583 | €958,028 | -€401,555 | -29.5% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.