JOLYNVEST: 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.
JOLYNVEST
Largest movements
- Tangible fixed assets -€62,577
down €62,577 (-5.0%), from €1.2m to €1.2m
of which Land and buildings: -€35,316
- Cash -€16,266
down €16,266 (-16.2%), from €100,246 to €83,980
mainly Other debts (-€280,409) and Net result for the year (-€71,908)
- Other debts -€280,409
down €280,409 (-75.2%), from €372,964 to €92,556
- Debts after one year +€250,000
new in 2025: €250,000
- Profit (loss) carried forward -€53,130
down €53,130 (-22.5%), from €236,069 to €182,939
- Accrued charges and deferred income +€20,593
new in 2025: €20,593
- Reserves -€18,778
down €18,778 (-3.7%), from €510,604 to €491,826
of which Tax-exempt reserves: -€18,778
- Depreciation +€30,530
up €30,530 (+65.6%), from €46,515 to €77,046
- Financial charges +€17,731
up €17,731 (+9,695%), from €183 to €17,914
- Gross operating margin +€12,524
up €12,524 (+88.3%), from €14,185 to €26,709
- Other operating charges -€12,009
down €12,009 (-56.1%), from €21,417 to €9,408
- Taxes +€508
new in 2025: €508
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 | €1,350,824 | €1,269,257 | -€81,567 | -6.0% |
| Fixed assets | 21/28 | €1,243,626 | €1,181,048 | -€62,577 | -5.0% |
| Tangible fixed assets | 22/27 | €1,243,419 | €1,180,842 | -€62,577 | -5.0% |
| Land and buildings | 22 | €1,102,234 | €1,066,918 | -€35,316 | -3.2% |
| Furniture and vehicles | 24 | €141,185 | €113,924 | -€27,261 | -19.3% |
| Financial fixed assets | 28 | €207 | €207 | = | 0.0% |
| Current assets | 29/58 | €107,199 | €88,208 | -€18,990 | -17.7% |
| Amounts receivable within one year | 40/41 | €2,724 | - | -€2,724 | |
| Other amounts receivable | 41 | €2,724 | - | -€2,724 | |
| Cash at bank and in hand | 54/58 | €100,246 | €83,980 | -€16,266 | -16.2% |
| Deferred charges and accrued income | 490/1 | €4,228 | €4,228 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,350,824 | €1,269,257 | -€81,567 | -6.0% |
| Equity | 10/15 | €808,673 | €736,766 | -€71,908 | -8.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €510,604 | €491,826 | -€18,778 | -3.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €504,404 | €485,626 | -€18,778 | -3.7% |
| Profit (loss) carried forward | 14 | €236,069 | €182,939 | -€53,130 | -22.5% |
| Provisions and deferred taxes | 16 | €168,135 | €161,875 | -€6,259 | -3.7% |
| Deferred taxes | 168 | €168,135 | €161,875 | -€6,259 | -3.7% |
| Amounts payable | 17/49 | €374,016 | €370,616 | -€3,400 | -0.9% |
| Amounts payable after more than one year | 17 | - | €250,000 | +€250,000 | |
| Financial debts | 170/4 | - | €250,000 | +€250,000 | |
| Amounts payable within one year | 42/48 | €374,016 | €100,023 | -€273,993 | -73.3% |
| Trade debts | 44 | €1,052 | €7,468 | +€6,416 | +610% |
| Suppliers | 440/4 | €1,052 | €7,468 | +€6,416 | +610% |
| Other amounts payable | 47/48 | €372,964 | €92,556 | -€280,409 | -75.2% |
| Accrued charges and deferred income | 492/3 | - | €20,593 | +€20,593 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,515 | €77,046 | +€30,530 | +65.6% |
| Other operating charges | 640/8 | €21,417 | €9,408 | -€12,009 | -56.1% |
| Gross operating margin | 9900 | €14,185 | €26,709 | +€12,524 | +88.3% |
| Operating profit (loss) | 9901 | -€53,747 | -€59,745 | -€5,998 | -11.2% |
| Financial charges | 65/66B | €183 | €17,914 | +€17,731 | +9,695% |
| Recurring financial charges | 65 | €183 | €17,914 | +€17,731 | +9,695% |
| Profit (loss) for the period before taxes | 9903 | -€53,930 | -€77,659 | -€23,729 | -44.0% |
| Transfer from deferred taxes | 780 | €6,259 | €6,259 | = | 0.0% |
| Income taxes | 67/77 | - | €508 | +€508 | |
| Profit (loss) for the period | 9904 | -€47,671 | -€71,908 | -€24,237 | -50.8% |
| Transfer from tax-exempt reserves | 789 | €18,778 | €18,778 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,893 | -€53,130 | -€24,237 | -83.9% |
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 31 October 2026 via checked.be.