JOY'S VILLA: 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'S VILLA
Largest movements
- Receivables within one year -€39,753
down €39,753 (-38.4%), from €103,621 to €63,869
of which Other amounts receivable: -€38,615
- Tangible fixed assets -€26,958
down €26,958 (-24.8%), from €108,615 to €81,657
- Cash +€25,826
up €25,826 (+445%), from €5,800 to €31,626
mainly Net result for the year (+€39,914) and Receivables within one year (+€39,753)
- Trade debts -€49,010
down €49,010 (-84.4%), from €58,074 to €9,064
- Profit (loss) carried forward +€39,914
up €39,914 (+71.6%), from -€55,731 to -€15,817
- Debts after one year -€20,127
down €20,127 (-35.3%), from €56,943 to €36,816
- Other debts -€15,541
down €15,541 (-45.1%), from €34,491 to €18,950
- Gross operating margin +€55,684
up €55,684 (+47.2%), from €118,027 to €173,711
- Taxes +€5,372
new in 2025: €5,372
- Other operating charges +€2,898
up €2,898 (+142%), from €2,038 to €4,936
- Financial income -€2,673
down €2,673 (-49.4%), from €5,407 to €2,734
- Financial charges -€2,131
down €2,131 (-28.0%), from €7,612 to €5,480
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 | €230,725 | €187,939 | -€42,786 | -18.5% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €108,615 | €81,657 | -€26,958 | -24.8% |
| Tangible fixed assets | 22/27 | €108,615 | €81,657 | -€26,958 | -24.8% |
| Land and buildings | 22 | - | €0 | = | |
| Plant, machinery and equipment | 23 | €21,885 | €17,450 | -€4,435 | -20.3% |
| Furniture and vehicles | 24 | €40,557 | €29,577 | -€10,979 | -27.1% |
| Other tangible fixed assets | 26 | €46,174 | €34,630 | -€11,545 | -25.0% |
| Current assets | 29/58 | €122,109 | €106,282 | -€15,827 | -13.0% |
| Stocks and contracts in progress | 3 | €12,688 | €10,788 | -€1,900 | -15.0% |
| Stocks | 30/36 | €12,688 | €10,788 | -€1,900 | -15.0% |
| Amounts receivable within one year | 40/41 | €103,621 | €63,869 | -€39,753 | -38.4% |
| Trade receivables | 40 | €1,138 | - | -€1,138 | |
| Other amounts receivable | 41 | €102,483 | €63,869 | -€38,615 | -37.7% |
| Cash at bank and in hand | 54/58 | €5,800 | €31,626 | +€25,826 | +445% |
| Total equity and liabilities | 10/49 | €230,725 | €187,939 | -€42,786 | -18.5% |
| Equity | 10/15 | €45,968 | €85,882 | +€39,914 | +86.8% |
| Contributions | 10/11 | €62,037 | €62,037 | = | 0.0% |
| Capital | 10 | €62,037 | €62,037 | = | 0.0% |
| Issued capital | 100 | €62,037 | €62,037 | = | 0.0% |
| Reserves | 13 | €39,663 | €39,663 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,204 | €6,204 | = | 0.0% |
| Legal reserve | 130 | €6,204 | €6,204 | = | 0.0% |
| Distributable reserves | 133 | €33,459 | €33,459 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,731 | -€15,817 | +€39,914 | +71.6% |
| Amounts payable | 17/49 | €184,757 | €102,057 | -€82,699 | -44.8% |
| Amounts payable after more than one year | 17 | €56,943 | €36,816 | -€20,127 | -35.3% |
| Financial debts | 170/4 | €56,943 | €36,816 | -€20,127 | -35.3% |
| Amounts payable within one year | 42/48 | €127,813 | €65,241 | -€62,572 | -49.0% |
| Current portion of amounts payable after more than one year | 42 | €19,253 | €20,127 | +€874 | +4.5% |
| Trade debts | 44 | €58,074 | €9,064 | -€49,010 | -84.4% |
| Suppliers | 440/4 | €58,074 | €9,064 | -€49,010 | -84.4% |
| Taxes, remuneration and social security | 45 | €15,996 | €17,100 | +€1,104 | +6.9% |
| Taxes | 450/3 | €7,091 | €9,109 | +€2,017 | +28.5% |
| Remuneration and social security | 454/9 | €8,905 | €7,992 | -€913 | -10.3% |
| Other amounts payable | 47/48 | €34,491 | €18,950 | -€15,541 | -45.1% |
| Non-recurring operating income | 76A | €5,430 | - | -€5,430 | |
| Remuneration, social security and pensions | 62 | €87,456 | €88,094 | +€638 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,288 | €32,648 | +€360 | +1.1% |
| Other operating charges | 640/8 | €2,038 | €4,936 | +€2,898 | +142% |
| Gross operating margin | 9900 | €118,027 | €173,711 | +€55,684 | +47.2% |
| Operating profit (loss) | 9901 | -€3,755 | €48,033 | +€51,788 | |
| Financial income | 75/76B | €5,407 | €2,734 | -€2,673 | -49.4% |
| Recurring financial income | 75 | €5,407 | €2,734 | -€2,673 | -49.4% |
| Financial charges | 65/66B | €7,612 | €5,480 | -€2,131 | -28.0% |
| Recurring financial charges | 65 | €7,612 | €5,480 | -€2,131 | -28.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,960 | €45,286 | +€51,246 | |
| Income taxes | 67/77 | - | €5,372 | +€5,372 | |
| Profit (loss) for the period | 9904 | -€5,960 | €39,914 | +€45,874 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,960 | €39,914 | +€45,874 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.