Joye Invest: 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.
Joye Invest
Largest movements
- Cash -€124,802
down €124,802 (-33.4%), from €373,809 to €249,007
mainly Other debts (-€192,780) and Investment in fixed assets (net) (-€120,000)
- Financial fixed assets +€120,000
up €120,000 (+5.1%), from €2.4m to €2.5m
- Other debts -€192,780
down €192,780 (-68.0%), from €283,500 to €90,720
- Reserves +€139,649
up €139,649 (+2.5%), from €5.6m to €5.7m
of which Distributable reserves: +€139,649
- Financial income +€119,534
up €119,534 (+1,156%), from €10,344 to €129,878
- Gross operating margin +€5,151
up €5,151 (+19.5%), from €26,443 to €31,594
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 | €5,896,434 | €5,837,400 | -€59,033 | -1.0% |
| Fixed assets | 21/28 | €2,427,011 | €2,529,351 | +€102,340 | +4.2% |
| Tangible fixed assets | 22/27 | €55,480 | €37,820 | -€17,660 | -31.8% |
| Land and buildings | 22 | €52,980 | €35,320 | -€17,660 | -33.3% |
| Other tangible fixed assets | 26 | €2,500 | €2,500 | = | 0.0% |
| Financial fixed assets | 28 | €2,371,531 | €2,491,531 | +€120,000 | +5.1% |
| Current assets | 29/58 | €3,469,423 | €3,308,049 | -€161,373 | -4.7% |
| Amounts receivable after more than one year | 29 | €2,091,518 | €2,091,518 | = | 0.0% |
| Other amounts receivable | 291 | €2,091,518 | €2,091,518 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €446,950 | €403,464 | -€43,485 | -9.7% |
| Trade receivables | 40 | €908 | €247 | -€661 | -72.8% |
| Other amounts receivable | 41 | €446,042 | €403,217 | -€42,825 | -9.6% |
| Current investments | 50/53 | €557,146 | €564,061 | +€6,914 | +1.2% |
| Cash at bank and in hand | 54/58 | €373,809 | €249,007 | -€124,802 | -33.4% |
| Total equity and liabilities | 10/49 | €5,896,434 | €5,837,400 | -€59,033 | -1.0% |
| Equity | 10/15 | €5,607,031 | €5,746,680 | +€139,649 | +2.5% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Capital | 10 | €31,000 | €31,000 | = | 0.0% |
| Issued capital | 100 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €5,576,031 | €5,715,680 | +€139,649 | +2.5% |
| Non-distributable reserves | 130/1 | €3,100 | €3,100 | = | 0.0% |
| Legal reserve | 130 | €3,100 | €3,100 | = | 0.0% |
| Distributable reserves | 133 | €5,572,931 | €5,712,580 | +€139,649 | +2.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €289,402 | €90,720 | -€198,682 | -68.7% |
| Amounts payable within one year | 42/48 | €289,402 | €90,720 | -€198,682 | -68.7% |
| Trade debts | 44 | €5,902 | €0 | -€5,902 | -100% |
| Suppliers | 440/4 | €5,902 | €0 | -€5,902 | -100% |
| Other amounts payable | 47/48 | €283,500 | €90,720 | -€192,780 | -68.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,660 | €17,660 | = | 0.0% |
| Other operating charges | 640/8 | €3,592 | €3,703 | +€111 | +3.1% |
| Gross operating margin | 9900 | €26,443 | €31,594 | +€5,151 | +19.5% |
| Operating profit (loss) | 9901 | €5,191 | €10,231 | +€5,040 | +97.1% |
| Financial income | 75/76B | €10,344 | €129,878 | +€119,534 | +1,156% |
| Recurring financial income | 75 | €10,344 | €129,878 | +€119,534 | +1,156% |
| Financial charges | 65/66B | €699 | €460 | -€239 | -34.2% |
| Recurring financial charges | 65 | €699 | €460 | -€239 | -34.2% |
| Profit (loss) for the period before taxes | 9903 | €14,837 | €139,649 | +€124,812 | +841% |
| Profit (loss) for the period | 9904 | €14,837 | €139,649 | +€124,812 | +841% |
| Profit (loss) for the period to be appropriated | 9905 | €14,837 | €139,649 | +€124,812 | +841% |
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.