Joy & Love: 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.
Joy & Love
Largest movements
- Tangible fixed assets -€56,990
down €56,990 (-5.6%), from €1.0m to €959,508
of which Land and buildings: -€34,470
- Receivables within one year -€20,274
down €20,274 (-51.6%), from €39,274 to €19,000
of which Trade receivables: -€18,918
- Other debts +€51,013
up €51,013 (+31.0%), from €164,304 to €215,318
- Reserves -€50,000
down €50,000 (-17.6%), from €284,793 to €234,793
- Trade debts -€49,810
down €49,810 (-92.7%), from €53,719 to €3,909
- Debts after one year -€36,834
down €36,834 (-6.5%), from €562,588 to €525,754
- Staff costs -€30,498
down €30,498 (-23.7%), from €128,563 to €98,066
- Gross operating margin +€26,963
up €26,963 (+9.5%), from €284,996 to €311,960
- Taxes +€10,823
up €10,823 (+37.2%), from €29,111 to €39,934
- Other operating charges -€3,239
down €3,239 (-21.2%), from €15,270 to €12,031
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 | €1,220,752 | €1,143,591 | -€77,161 | -6.3% |
| Fixed assets | 21/28 | €1,016,497 | €959,508 | -€56,990 | -5.6% |
| Tangible fixed assets | 22/27 | €1,016,497 | €959,508 | -€56,990 | -5.6% |
| Land and buildings | 22 | €939,484 | €905,014 | -€34,470 | -3.7% |
| Plant, machinery and equipment | 23 | €16,451 | €14,765 | -€1,686 | -10.3% |
| Furniture and vehicles | 24 | €29,366 | €14,139 | -€15,227 | -51.9% |
| Other tangible fixed assets | 26 | €31,196 | €25,590 | -€5,606 | -18.0% |
| Current assets | 29/58 | €204,255 | €184,084 | -€20,171 | -9.9% |
| Amounts receivable within one year | 40/41 | €39,274 | €19,000 | -€20,274 | -51.6% |
| Trade receivables | 40 | €22,918 | €4,000 | -€18,918 | -82.5% |
| Other amounts receivable | 41 | €16,357 | €15,000 | -€1,357 | -8.3% |
| Cash at bank and in hand | 54/58 | €164,981 | €165,084 | +€103 | +0.1% |
| Total equity and liabilities | 10/49 | €1,220,752 | €1,143,591 | -€77,161 | -6.3% |
| Equity | 10/15 | €313,814 | €264,187 | -€49,626 | -15.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €284,793 | €234,793 | -€50,000 | -17.6% |
| Distributable reserves | 133 | €284,793 | €234,793 | -€50,000 | -17.6% |
| Profit (loss) carried forward | 14 | €16,621 | €16,994 | +€374 | +2.2% |
| Amounts payable | 17/49 | €906,938 | €879,404 | -€27,534 | -3.0% |
| Amounts payable after more than one year | 17 | €562,588 | €525,754 | -€36,834 | -6.5% |
| Financial debts | 170/4 | €562,588 | €525,754 | -€36,834 | -6.5% |
| Amounts payable within one year | 42/48 | €344,350 | €353,650 | +€9,299 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €39,611 | €36,834 | -€2,777 | -7.0% |
| Trade debts | 44 | €53,719 | €3,909 | -€49,810 | -92.7% |
| Suppliers | 440/4 | €53,719 | €3,909 | -€49,810 | -92.7% |
| Taxes, remuneration and social security | 45 | €86,716 | €97,589 | +€10,873 | +12.5% |
| Taxes | 450/3 | €67,978 | €84,367 | +€16,389 | +24.1% |
| Remuneration and social security | 454/9 | €18,738 | €13,222 | -€5,516 | -29.4% |
| Other amounts payable | 47/48 | €164,304 | €215,318 | +€51,013 | +31.0% |
| Remuneration, social security and pensions | 62 | €128,563 | €98,066 | -€30,498 | -23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,720 | €58,201 | +€1,481 | +2.6% |
| Other operating charges | 640/8 | €15,270 | €12,031 | -€3,239 | -21.2% |
| Gross operating margin | 9900 | €284,996 | €311,960 | +€26,963 | +9.5% |
| Operating profit (loss) | 9901 | €84,442 | €143,661 | +€59,219 | +70.1% |
| Financial income | 75/76B | €3,132 | €239 | -€2,893 | -92.4% |
| Recurring financial income | 75 | €3,132 | €239 | -€2,893 | -92.4% |
| Financial charges | 65/66B | €8,703 | €6,592 | -€2,110 | -24.2% |
| Recurring financial charges | 65 | €8,703 | €6,592 | -€2,110 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | €78,872 | €137,308 | +€58,436 | +74.1% |
| Income taxes | 67/77 | €29,111 | €39,934 | +€10,823 | +37.2% |
| Profit (loss) for the period | 9904 | €49,760 | €97,374 | +€47,613 | +95.7% |
| Profit (loss) for the period to be appropriated | 9905 | €49,760 | €97,374 | +€47,613 | +95.7% |
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.