JOYE - DEPOORTER: what changed
What changed
JOYE - DEPOORTER
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
€52,965
2024 · €284,831-€231,866
Equity
-€81,400
2024 · -€134,365+€52,965
Cash
€193,780
2024 · €238,527-€44,747
Balance sheet total
€2.9m
2024 · €2.1m+€790,330
Largest movements
Assets
- Stocks and contracts +€787,809
up €787,809 (+106%), from €743,187 to €1.5m
- Receivables within one year +€50,856
up €50,856 (+22.3%), from €227,905 to €278,761
of which Other amounts receivable: +€50,999
- Cash -€44,747
down €44,747 (-18.8%), from €238,527 to €193,780
mainly Stocks and contracts (-€787,809) and Other debts (-€580,000)
Equity and liabilities
- Other debts -€580,000
down €580,000 (-60.1%), from €964,997 to €384,997
- Debts after one year +€566,402
up €566,402 (+44.7%), from €1.3m to €1.8m
- Short-term financial debts +€500,000
new in 2025: €500,000
- Advances received +€211,250
new in 2025: €211,250
- Profit (loss) carried forward +€52,965
up €52,965 (+26.2%), from -€202,082 to -€149,117
Income statement
- Gross operating margin -€225,672
down €225,672 (-73.3%), from €307,840 to €82,167
- Financial charges +€18,030
up €18,030 (+158%), from €11,394 to €29,424
- Financial income +€11,174
up €11,174 (+276%), from €4,049 to €15,223
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.
Result 2024
€284,831
Gross operating margin
-€225,672
Other operating charges
+€662
Financial income
+€11,174
Financial charges
-€18,030
Result 2025
€52,965
raises the resultlowers the result
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.
From operations
-€1.1m
Investment
€0
Financing
+€1.1m
Cash 2024
€238,527
From operations (derived)
-€1.1m
Net result for the year
+€52,965
Depreciation
+€7,928
Stocks and contracts
-€787,809
Receivables within one year
-€50,856
Deferred charges and accrued income
-€4,340
Trade debts
+€25,065
Tax, wage and social debts
+€8,436
Advances received
+€211,250
Other debts
-€580,000
Accrued charges and deferred income
+€5,102
Financing
+€1.1m
Debts after one year
+€566,402
Current portion of long-term debt
+€1,111
Short-term financial debts
+€500,000
Cash 2025
€193,780
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,142,233 | €2,932,563 | +€790,330 | +36.9% |
| Fixed assets | 21/28 | €932,613 | €924,686 | -€7,928 | -0.9% |
| Tangible fixed assets | 22/27 | €562,813 | €554,886 | -€7,928 | -1.4% |
| Land and buildings | 22 | €562,813 | €554,886 | -€7,928 | -1.4% |
| Financial fixed assets | 28 | €369,800 | €369,800 | = | 0.0% |
| Current assets | 29/58 | €1,209,620 | €2,007,877 | +€798,258 | +66.0% |
| Stocks and contracts in progress | 3 | €743,187 | €1,530,996 | +€787,809 | +106% |
| Contracts in progress | 37 | €743,187 | €1,530,996 | +€787,809 | +106% |
| Amounts receivable within one year | 40/41 | €227,905 | €278,761 | +€50,856 | +22.3% |
| Trade receivables | 40 | €143 | €0 | -€143 | -100% |
| Other amounts receivable | 41 | €227,762 | €278,761 | +€50,999 | +22.4% |
| Cash at bank and in hand | 54/58 | €238,527 | €193,780 | -€44,747 | -18.8% |
| Deferred charges and accrued income | 490/1 | - | €4,340 | +€4,340 | |
| Total equity and liabilities | 10/49 | €2,142,233 | €2,932,563 | +€790,330 | +36.9% |
| Equity | 10/15 | -€134,365 | -€81,400 | +€52,965 | +39.4% |
| Contributions | 10/11 | €64,000 | €64,000 | = | 0.0% |
| Capital | 10 | €64,000 | €64,000 | = | 0.0% |
| Issued capital | 100 | €64,000 | €64,000 | = | 0.0% |
| Reserves | 13 | €3,717 | €3,717 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,717 | €3,717 | = | 0.0% |
| Legal reserve | 130 | €3,717 | €3,717 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€202,082 | -€149,117 | +€52,965 | +26.2% |
| Amounts payable | 17/49 | €2,276,598 | €3,013,963 | +€737,365 | +32.4% |
| Amounts payable after more than one year | 17 | €1,267,715 | €1,834,117 | +€566,402 | +44.7% |
| Financial debts | 170/4 | €1,267,715 | €1,834,117 | +€566,402 | +44.7% |
| Amounts payable within one year | 42/48 | €1,008,882 | €1,174,744 | +€165,861 | +16.4% |
| Current portion of amounts payable after more than one year | 42 | €32,488 | €33,598 | +€1,111 | +3.4% |
| Financial debts | 43 | - | €500,000 | +€500,000 | |
| Credit institutions | 430/8 | - | €500,000 | +€500,000 | |
| Trade debts | 44 | €11,398 | €36,462 | +€25,065 | +220% |
| Suppliers | 440/4 | €11,398 | €36,462 | +€25,065 | +220% |
| Advances received on contracts in progress | 46 | - | €211,250 | +€211,250 | |
| Taxes, remuneration and social security | 45 | - | €8,436 | +€8,436 | |
| Taxes | 450/3 | - | €8,436 | +€8,436 | |
| Other amounts payable | 47/48 | €964,997 | €384,997 | -€580,000 | -60.1% |
| Accrued charges and deferred income | 492/3 | - | €5,102 | +€5,102 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,928 | €7,928 | = | 0.0% |
| Other operating charges | 640/8 | €7,736 | €7,074 | -€662 | -8.6% |
| Gross operating margin | 9900 | €307,840 | €82,167 | -€225,672 | -73.3% |
| Operating profit (loss) | 9901 | €292,176 | €67,165 | -€225,011 | -77.0% |
| Financial income | 75/76B | €4,049 | €15,223 | +€11,174 | +276% |
| Recurring financial income | 75 | €4,049 | €15,223 | +€11,174 | +276% |
| Financial charges | 65/66B | €11,394 | €29,424 | +€18,030 | +158% |
| Recurring financial charges | 65 | €11,394 | €29,424 | +€18,030 | +158% |
| Profit (loss) for the period before taxes | 9903 | €284,831 | €52,965 | -€231,866 | -81.4% |
| Profit (loss) for the period | 9904 | €284,831 | €52,965 | -€231,866 | -81.4% |
| Profit (loss) for the period to be appropriated | 9905 | €284,831 | €52,965 | -€231,866 | -81.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.