JOYINCO: 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.
JOYINCO
Largest movements
- Cash +€29,201
up €29,201 (+156%), from €18,721 to €47,922
mainly Depreciation (+€27,583) and Net result for the year (+€16,185)
- Tangible fixed assets -€27,583
down €27,583 (-3.1%), from €895,030 to €867,447
of which Land and buildings: -€26,871
- Debts after one year -€31,180
down €31,180 (-23.0%), from €135,354 to €104,173
- Profit (loss) carried forward +€16,185
up €16,185 (+20.9%), from -€77,594 to -€61,409
- Other debts +€14,788
up €14,788 (+2.0%), from €725,283 to €740,071
No income-statement line moved by more than 1% of the activity.
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 | €913,751 | €915,369 | +€1,618 | +0.2% |
| Fixed assets | 21/28 | €895,030 | €867,447 | -€27,583 | -3.1% |
| Tangible fixed assets | 22/27 | €895,030 | €867,447 | -€27,583 | -3.1% |
| Land and buildings | 22 | €882,283 | €855,412 | -€26,871 | -3.0% |
| Other tangible fixed assets | 26 | €12,747 | €12,034 | -€713 | -5.6% |
| Current assets | 29/58 | €18,721 | €47,922 | +€29,201 | +156% |
| Cash at bank and in hand | 54/58 | €18,721 | €47,922 | +€29,201 | +156% |
| Total equity and liabilities | 10/49 | €913,751 | €915,369 | +€1,618 | +0.2% |
| Equity | 10/15 | €22,406 | €38,591 | +€16,185 | +72.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€77,594 | -€61,409 | +€16,185 | +20.9% |
| Amounts payable | 17/49 | €891,345 | €876,778 | -€14,567 | -1.6% |
| Amounts payable after more than one year | 17 | €135,354 | €104,173 | -€31,180 | -23.0% |
| Financial debts | 170/4 | €135,354 | €104,173 | -€31,180 | -23.0% |
| Amounts payable within one year | 42/48 | €755,299 | €771,252 | +€15,952 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €30,012 | €31,180 | +€1,168 | +3.9% |
| Trade debts | 44 | €4 | - | -€4 | |
| Suppliers | 440/4 | €4 | - | -€4 | |
| Other amounts payable | 47/48 | €725,283 | €740,071 | +€14,788 | +2.0% |
| Accrued charges and deferred income | 492/3 | €692 | €1,353 | +€660 | +95.4% |
| Non-recurring operating income | 76A | €2,452 | €1,633 | -€820 | -33.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,583 | €27,583 | = | 0.0% |
| Other operating charges | 640/8 | €11,267 | €11,619 | +€352 | +3.1% |
| Gross operating margin | 9900 | €56,619 | €56,811 | +€192 | +0.3% |
| Operating profit (loss) | 9901 | €17,769 | €17,609 | -€160 | -0.9% |
| Financial charges | 65/66B | €1,654 | €1,424 | -€230 | -13.9% |
| Recurring financial charges | 65 | €1,654 | €1,424 | -€230 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €16,115 | €16,185 | +€70 | +0.4% |
| Profit (loss) for the period | 9904 | €16,115 | €16,185 | +€70 | +0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,115 | €16,185 | +€70 | +0.4% |
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 15 October 2026 via checked.be.