JOYCE DE KETELE: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
JOYCE DE KETELE
Largest movements
- Cash +€38,163
up €38,163 (+54.0%), from €70,728 to €108,892
mainly Net result for the year (+€152,957) and Other debts (+€86,088)
- Tangible fixed assets +€34,449
up €34,449 (+214%), from €16,074 to €50,523
of which Furniture and vehicles: +€36,181
- Deferred charges and accrued income +€3,009
up €3,009 (+5,117%), from €59 to €3,068
- Other debts +€86,088
up €86,088 (+128%), from €67,189 to €153,277
- Tax, wage and social debts -€6,799
down €6,799 (-50.9%), from €13,370 to €6,570
- Current portion of long-term debt -€3,140
down €3,140 (-100%), from €3,140 to €0
- Gross operating margin +€114,417
up €114,417 (+121%), from €94,188 to €208,605
- Taxes +€28,367
up €28,367 (+159%), from €17,832 to €46,198
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €89,030 | €165,310 | +€76,280 | +85.7% |
| Fixed assets | 21/28 | €16,074 | €50,523 | +€34,449 | +214% |
| Tangible fixed assets | 22/27 | €16,074 | €50,523 | +€34,449 | +214% |
| Furniture and vehicles | 24 | €7,993 | €44,174 | +€36,181 | +453% |
| Other tangible fixed assets | 26 | €8,081 | €6,349 | -€1,732 | -21.4% |
| Current assets | 29/58 | €72,955 | €114,787 | +€41,831 | +57.3% |
| Amounts receivable within one year | 40/41 | €2,168 | €2,827 | +€659 | +30.4% |
| Trade receivables | 40 | €0 | €1,573 | +€1,573 | |
| Other amounts receivable | 41 | €2,168 | €1,254 | -€914 | -42.2% |
| Cash at bank and in hand | 54/58 | €70,728 | €108,892 | +€38,163 | +54.0% |
| Deferred charges and accrued income | 490/1 | €59 | €3,068 | +€3,009 | +5,117% |
| Total equity and liabilities | 10/49 | €89,030 | €165,310 | +€76,280 | +85.7% |
| Equity | 10/15 | €5,226 | €5,182 | -€43 | -0.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €226 | €182 | -€43 | -19.1% |
| Distributable reserves | 133 | €226 | €182 | -€43 | -19.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €83,804 | €160,128 | +€76,323 | +91.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €83,804 | €160,112 | +€76,308 | +91.1% |
| Current portion of amounts payable after more than one year | 42 | €3,140 | €0 | -€3,140 | -100% |
| Trade debts | 44 | €105 | €265 | +€160 | +152% |
| Suppliers | 440/4 | €105 | €265 | +€160 | +152% |
| Taxes, remuneration and social security | 45 | €13,370 | €6,570 | -€6,799 | -50.9% |
| Taxes | 450/3 | €13,370 | €6,570 | -€6,799 | -50.9% |
| Other amounts payable | 47/48 | €67,189 | €153,277 | +€86,088 | +128% |
| Accrued charges and deferred income | 492/3 | - | €15 | +€15 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,587 | €8,017 | +€430 | +5.7% |
| Other operating charges | 640/8 | €1,494 | €1,229 | -€264 | -17.7% |
| Non-recurring operating charges | 66A | €0 | €968 | +€968 | |
| Gross operating margin | 9900 | €94,188 | €208,605 | +€114,417 | +121% |
| Operating profit (loss) | 9901 | €85,107 | €198,391 | +€113,284 | +133% |
| Financial income | 75/76B | €0 | €948 | +€948 | +4,741,150% |
| Recurring financial income | 75 | €0 | €948 | +€948 | +4,741,150% |
| Financial charges | 65/66B | €58 | €184 | +€126 | +217% |
| Recurring financial charges | 65 | €58 | €184 | +€126 | +217% |
| Profit (loss) for the period before taxes | 9903 | €85,049 | €199,155 | +€114,106 | +134% |
| Income taxes | 67/77 | €17,832 | €46,198 | +€28,367 | +159% |
| Profit (loss) for the period | 9904 | €67,217 | €152,957 | +€85,739 | +128% |
| Profit (loss) for the period to be appropriated | 9905 | €67,217 | €152,957 | +€85,739 | +128% |
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 1 November 2026 via checked.be.