JOYCE IT: 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.
JOYCE IT
Largest movements
- Cash +€33,301
up €33,301 (+30.9%), from €107,910 to €141,211
mainly Net result for the year (+€40,755) and Receivables after one year (+€27,554)
- Receivables after one year -€27,554
down €27,554 (-17.9%), from €153,956 to €126,402
- Reserves +€14,018
up €14,018 (+9.8%), from €143,626 to €157,644
- Other debts -€5,133
down €5,133 (-15.9%), from €32,327 to €27,194
- Current portion of long-term debt -€3,221
no longer reported in 2025 (was €3,221)
- Depreciation -€5,488
down €5,488 (-58.0%), from €9,454 to €3,966
- Taxes +€1,800
up €1,800 (+12.8%), from €14,106 to €15,906
- Gross operating margin +€1,696
up €1,696 (+3.0%), from €56,006 to €57,702
- Financial income -€652
down €652 (-16.4%), from €3,982 to €3,331
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 | €278,754 | €286,223 | +€7,469 | +2.7% |
| Fixed assets | 21/28 | €3,927 | €2,562 | -€1,366 | -34.8% |
| Tangible fixed assets | 22/27 | €3,877 | €2,512 | -€1,366 | -35.2% |
| Furniture and vehicles | 24 | €3,877 | €2,512 | -€1,366 | -35.2% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €274,827 | €283,662 | +€8,835 | +3.2% |
| Amounts receivable after more than one year | 29 | €153,956 | €126,402 | -€27,554 | -17.9% |
| Other amounts receivable | 291 | €153,956 | €126,402 | -€27,554 | -17.9% |
| Amounts receivable within one year | 40/41 | €12,961 | €15,604 | +€2,643 | +20.4% |
| Trade receivables | 40 | €11,928 | €12,440 | +€512 | +4.3% |
| Other amounts receivable | 41 | €1,033 | €3,164 | +€2,131 | +206.4% |
| Cash at bank and in hand | 54/58 | €107,910 | €141,211 | +€33,301 | +30.9% |
| Deferred charges and accrued income | 490/1 | - | €445 | +€445 | |
| Total equity and liabilities | 10/49 | €278,754 | €286,223 | +€7,469 | +2.7% |
| Equity | 10/15 | €236,148 | €250,167 | +€14,018 | +5.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €143,626 | €157,644 | +€14,018 | +9.8% |
| Distributable reserves | 133 | €143,626 | €157,644 | +€14,018 | +9.8% |
| Profit (loss) carried forward | 14 | €86,322 | €86,322 | = | 0.0% |
| Amounts payable | 17/49 | €42,606 | €36,057 | -€6,549 | -15.4% |
| Amounts payable within one year | 42/48 | €42,606 | €36,057 | -€6,549 | -15.4% |
| Current portion of amounts payable after more than one year | 42 | €3,221 | - | -€3,221 | |
| Trade debts | 44 | €1,495 | €1,589 | +€94 | +6.3% |
| Suppliers | 440/4 | €295 | €389 | +€94 | +31.9% |
| Bills of exchange payable | 441 | €1,200 | €1,200 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €5,562 | €7,273 | +€1,711 | +30.8% |
| Taxes | 450/3 | €5,562 | €7,273 | +€1,711 | +30.8% |
| Other amounts payable | 47/48 | €32,327 | €27,194 | -€5,133 | -15.9% |
| Non-recurring operating income | 76A | - | €86 | +€86 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,454 | €3,966 | -€5,488 | -58.0% |
| Other operating charges | 640/8 | €121 | €298 | +€177 | +146.1% |
| Gross operating margin | 9900 | €56,006 | €57,702 | +€1,696 | +3.0% |
| Operating profit (loss) | 9901 | €46,431 | €53,438 | +€7,007 | +15.1% |
| Financial income | 75/76B | €3,982 | €3,331 | -€652 | -16.4% |
| Recurring financial income | 75 | €3,982 | €3,331 | -€652 | -16.4% |
| Financial charges | 65/66B | €254 | €108 | -€146 | -57.6% |
| Recurring financial charges | 65 | €254 | €108 | -€146 | -57.6% |
| Profit (loss) for the period before taxes | 9903 | €50,159 | €56,661 | +€6,501 | +13.0% |
| Income taxes | 67/77 | €14,106 | €15,906 | +€1,800 | +12.8% |
| Profit (loss) for the period | 9904 | €36,053 | €40,755 | +€4,702 | +13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €36,053 | €40,755 | +€4,702 | +13.0% |
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 6 October 2026 via checked.be.