JOYCE MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash +€11,160
up €11,160 (+127.5%), from €8,756 to €19,916
mainly Net result for the year (+€14,446) and Depreciation (+€2,321)
- Tangible fixed assets -€2,321
down €2,321 (-35.3%), from €6,569 to €4,248
of which Furniture and vehicles: -€1,738
- Reserves +€14,446
up €14,446 (+161.4%), from €8,952 to €23,398
- Trade debts -€2,762
down €2,762 (-67.0%), from €4,125 to €1,363
- Other debts -€2,180
down €2,180 (-96.4%), from €2,262 to €82
- Tax, wage and social debts -€620
down €620 (-18.2%), from €3,409 to €2,789
- Gross operating margin +€10,528
up €10,528 (+78.4%), from €13,436 to €23,963
- Taxes +€2,733
up €2,733 (+74.0%), from €3,695 to €6,427
- Depreciation +€1,927
up €1,927 (+488.7%), from €394 to €2,321
- Other operating charges +€329
up €329 (+84.8%), from €387 to €716
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 | €22,247 | €31,131 | +€8,884 | +39.9% |
| Fixed assets | 21/28 | €6,569 | €4,248 | -€2,321 | -35.3% |
| Tangible fixed assets | 22/27 | €6,569 | €4,248 | -€2,321 | -35.3% |
| Plant, machinery and equipment | 23 | €1,649 | €1,066 | -€583 | -35.3% |
| Furniture and vehicles | 24 | €4,920 | €3,181 | -€1,738 | -35.3% |
| Current assets | 29/58 | €15,678 | €26,883 | +€11,205 | +71.5% |
| Amounts receivable within one year | 40/41 | €6,675 | €6,653 | -€22 | -0.3% |
| Trade receivables | 40 | €6,675 | €6,653 | -€22 | -0.3% |
| Cash at bank and in hand | 54/58 | €8,756 | €19,916 | +€11,160 | +127.5% |
| Deferred charges and accrued income | 490/1 | €247 | €313 | +€67 | +27.1% |
| Total equity and liabilities | 10/49 | €22,247 | €31,131 | +€8,884 | +39.9% |
| Equity | 10/15 | €12,452 | €26,898 | +€14,446 | +116.0% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €8,952 | €23,398 | +€14,446 | +161.4% |
| Distributable reserves | 133 | €8,952 | €23,398 | +€14,446 | +161.4% |
| Amounts payable | 17/49 | €9,795 | €4,233 | -€5,562 | -56.8% |
| Amounts payable within one year | 42/48 | €9,795 | €4,233 | -€5,562 | -56.8% |
| Trade debts | 44 | €4,125 | €1,363 | -€2,762 | -67.0% |
| Suppliers | 440/4 | €4,125 | €1,363 | -€2,762 | -67.0% |
| Taxes, remuneration and social security | 45 | €3,409 | €2,789 | -€620 | -18.2% |
| Taxes | 450/3 | €3,409 | €2,789 | -€620 | -18.2% |
| Other amounts payable | 47/48 | €2,262 | €82 | -€2,180 | -96.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €394 | €2,321 | +€1,927 | +488.7% |
| Other operating charges | 640/8 | €387 | €716 | +€329 | +84.8% |
| Gross operating margin | 9900 | €13,436 | €23,963 | +€10,528 | +78.4% |
| Operating profit (loss) | 9901 | €12,654 | €20,926 | +€8,272 | +65.4% |
| Financial charges | 65/66B | €8 | €53 | +€45 | +605.3% |
| Recurring financial charges | 65 | €8 | €53 | +€45 | +605.3% |
| Profit (loss) for the period before taxes | 9903 | €12,647 | €20,873 | +€8,227 | +65.1% |
| Income taxes | 67/77 | €3,695 | €6,427 | +€2,733 | +74.0% |
| Profit (loss) for the period | 9904 | €8,952 | €14,446 | +€5,494 | +61.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,952 | €14,446 | +€5,494 | +61.4% |
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 8 October 2026 via checked.be.