JOY & CO: 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.
JOY & CO
Largest movements
- Tangible fixed assets -€277,953
down €277,953 (-100.0%), from €277,953 to €0
of which Other tangible fixed assets: -€264,805
- Receivables within one year +€254,982
up €254,982 (+3428.5%), from €7,437 to €262,419
of which Other amounts receivable: +€261,229
- Intangible fixed assets -€32,563
down €32,563 (-100.0%), from €32,563 to €0
- Cash -€21,229
down €21,229 (-99.1%), from €21,429 to €200
mainly Receivables within one year (-€254,982) and Other debts (-€154,977)
- Financial fixed assets -€16,080
down €16,080 (-100.0%), from €16,080 to €0
- Profit (loss) carried forward +€204,064
up €204,064, from -€204,064 to €0
- Other debts -€154,977
down €154,977 (-100.0%), from €154,977 to €0
- Trade debts -€110,226
down €110,226 (-100.0%), from €110,226 to €0
- Current portion of long-term debt -€63,513
down €63,513 (-100.0%), from €63,513 to €0
- Reserves +€54,962
up €54,962 (+5894.2%), from €932 to €55,895
- Staff costs -€164,487
down €164,487 (-99.7%), from €164,932 to €444
- Gross operating margin +€61,099
up €61,099 (+30.7%), from €198,937 to €260,037
- Depreciation -€41,817
down €41,817 (-100.0%), from €41,817 to €0
- Financial charges -€11,907
down €11,907 (-95.1%), from €12,519 to €612
- Other operating charges -€2,652
down €2,652 (-97.7%), from €2,714 to €62
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 | €364,632 | €262,619 | -€102,013 | -28.0% |
| Fixed assets | 21/28 | €326,597 | €0 | -€326,597 | -100.0% |
| Intangible fixed assets | 21 | €32,563 | €0 | -€32,563 | -100.0% |
| Tangible fixed assets | 22/27 | €277,953 | €0 | -€277,953 | -100.0% |
| Plant, machinery and equipment | 23 | €6,221 | €0 | -€6,221 | -100.0% |
| Furniture and vehicles | 24 | €6,928 | €0 | -€6,928 | -100.0% |
| Other tangible fixed assets | 26 | €264,805 | €0 | -€264,805 | -100.0% |
| Financial fixed assets | 28 | €16,080 | €0 | -€16,080 | -100.0% |
| Current assets | 29/58 | €38,036 | €262,619 | +€224,583 | +590.5% |
| Stocks and contracts in progress | 3 | €8,076 | €0 | -€8,076 | -100.0% |
| Stocks | 30/36 | €8,076 | €0 | -€8,076 | -100.0% |
| Amounts receivable within one year | 40/41 | €7,437 | €262,419 | +€254,982 | +3428.5% |
| Trade receivables | 40 | €6,247 | €0 | -€6,247 | -100.0% |
| Other amounts receivable | 41 | €1,191 | €262,419 | +€261,229 | +21942.8% |
| Cash at bank and in hand | 54/58 | €21,429 | €200 | -€21,229 | -99.1% |
| Deferred charges and accrued income | 490/1 | €1,093 | €0 | -€1,093 | -100.0% |
| Total equity and liabilities | 10/49 | €364,632 | €262,619 | -€102,013 | -28.0% |
| Equity | 10/15 | €3,593 | €262,619 | +€259,026 | +7209.8% |
| Contributions | 10/11 | €206,724 | €206,724 | = | 0.0% |
| Reserves | 13 | €932 | €55,895 | +€54,962 | +5894.2% |
| Distributable reserves | 133 | €932 | €55,895 | +€54,962 | +5894.2% |
| Profit (loss) carried forward | 14 | -€204,064 | €0 | +€204,064 | |
| Amounts payable | 17/49 | €361,040 | €0 | -€361,040 | -100.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €361,040 | €0 | -€361,040 | -100.0% |
| Current portion of amounts payable after more than one year | 42 | €63,513 | €0 | -€63,513 | -100.0% |
| Trade debts | 44 | €110,226 | €0 | -€110,226 | -100.0% |
| Suppliers | 440/4 | €110,226 | €0 | -€110,226 | -100.0% |
| Advances received on contracts in progress | 46 | €5,060 | €0 | -€5,060 | -100.0% |
| Taxes, remuneration and social security | 45 | €27,263 | €0 | -€27,263 | -100.0% |
| Taxes | 450/3 | €5,219 | €0 | -€5,219 | -100.0% |
| Remuneration and social security | 454/9 | €22,044 | €0 | -€22,044 | -100.0% |
| Other amounts payable | 47/48 | €154,977 | €0 | -€154,977 | -100.0% |
| Non-recurring operating income | 76A | - | €273,403 | +€273,403 | |
| Remuneration, social security and pensions | 62 | €164,932 | €444 | -€164,487 | -99.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,817 | €0 | -€41,817 | -100.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €2,714 | €62 | -€2,652 | -97.7% |
| Gross operating margin | 9900 | €198,937 | €260,037 | +€61,099 | +30.7% |
| Operating profit (loss) | 9901 | -€10,526 | €259,530 | +€270,056 | |
| Financial income | 75/76B | €526 | €108 | -€418 | -79.5% |
| Recurring financial income | 75 | €526 | €108 | -€418 | -79.5% |
| Financial charges | 65/66B | €12,519 | €612 | -€11,907 | -95.1% |
| Recurring financial charges | 65 | €12,519 | €612 | -€11,907 | -95.1% |
| Profit (loss) for the period before taxes | 9903 | -€22,519 | €259,026 | +€281,546 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€22,519 | €259,026 | +€281,546 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,519 | €259,026 | +€281,546 |
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 7 October 2026 via checked.be.