Joyce Holding: 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.
Joyce Holding
Largest movements
- Tangible fixed assets +€187,760
new in 2025: €187,760
- Receivables within one year +€6,115
up €6,115 (+42.1%), from €14,520 to €20,635
of which Trade receivables: +€5,520
- Cash +€2,883
up €2,883 (+2,922%), from €99 to €2,982
mainly Debts after one year (+€191,760) and Net result for the year (+€5,716)
- Debts after one year +€191,760
up €191,760 (+2,549%), from €7,522 to €199,282
- Reserves +€5,716
up €5,716 (+226%), from €2,524 to €8,239
- Gross operating margin -€2,969
down €2,969 (-27.6%), from €10,740 to €7,771
- Taxes +€960
up €960 (+102%), from €945 to €1,905
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 | €14,619 | €211,377 | +€196,758 | +1,346% |
| Fixed assets | 21/28 | - | €187,760 | +€187,760 | |
| Tangible fixed assets | 22/27 | - | €187,760 | +€187,760 | |
| Assets under construction and advance payments | 27 | - | €187,760 | +€187,760 | |
| Current assets | 29/58 | €14,619 | €23,617 | +€8,998 | +61.6% |
| Amounts receivable within one year | 40/41 | €14,520 | €20,635 | +€6,115 | +42.1% |
| Trade receivables | 40 | €14,520 | €20,040 | +€5,520 | +38.0% |
| Other amounts receivable | 41 | - | €595 | +€595 | |
| Cash at bank and in hand | 54/58 | €99 | €2,982 | +€2,883 | +2,922% |
| Total equity and liabilities | 10/49 | €14,619 | €211,377 | +€196,758 | +1,346% |
| Equity | 10/15 | €4,524 | €10,239 | +€5,716 | +126% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €2,524 | €8,239 | +€5,716 | +226% |
| Distributable reserves | 133 | €2,524 | €8,239 | +€5,716 | +226% |
| Amounts payable | 17/49 | €10,095 | €201,138 | +€191,043 | +1,892% |
| Amounts payable after more than one year | 17 | €7,522 | €199,282 | +€191,760 | +2,549% |
| Other amounts payable | 178/9 | €7,522 | €199,282 | +€191,760 | +2,549% |
| Amounts payable within one year | 42/48 | €2,573 | €1,855 | -€717 | -27.9% |
| Trade debts | 44 | €207 | €333 | +€126 | +60.8% |
| Suppliers | 440/4 | €207 | €333 | +€126 | +60.8% |
| Taxes, remuneration and social security | 45 | €2,366 | €1,523 | -€843 | -35.6% |
| Taxes | 450/3 | €2,366 | €1,523 | -€843 | -35.6% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €10,740 | €7,771 | -€2,969 | -27.6% |
| Operating profit (loss) | 9901 | €10,622 | €7,651 | -€2,971 | -28.0% |
| Financial charges | 65/66B | €30 | €30 | = | 0.0% |
| Recurring financial charges | 65 | €30 | €30 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €10,592 | €7,621 | -€2,971 | -28.1% |
| Income taxes | 67/77 | €945 | €1,905 | +€960 | +102% |
| Profit (loss) for the period | 9904 | €9,646 | €5,716 | -€3,931 | -40.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,646 | €5,716 | -€3,931 | -40.8% |
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 30 October 2026 via checked.be.