JoyInvest: 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.
JoyInvest
Largest movements
- Tangible fixed assets +€47,272
up €47,272 (+9.4%), from €504,306 to €551,578
- Cash +€21,132
up €21,132 (+99.2%), from €21,304 to €42,436
mainly Other debts (+€73,752) and Depreciation (+€23,255)
- Current investments -€10,973
down €10,973 (-44.4%), from €24,725 to €13,752
- Other debts +€73,752
up €73,752 (+101%), from €72,923 to €146,675
- Reserves -€32,830
no longer reported in 2025 (was €32,830)
- Profit (loss) carried forward +€23,289
up €23,289 (+77.6%), from -€30,017 to -€6,728
- Provisions -€10,943
no longer reported in 2025 (was €10,943)
- Gross operating margin -€12,371
down €12,371 (-42.9%), from €28,809 to €16,438
- Write-downs +€9,888
new in 2025: €9,888
- Depreciation +€5,106
up €5,106 (+28.1%), from €18,149 to €23,255
- Financial income +€3,906
up €3,906 (+369%), from €1,059 to €4,965
- Financial charges -€1,806
down €1,806 (-88.5%), from €2,041 to €235
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 | €662,528 | €715,709 | +€53,180 | +8.0% |
| Fixed assets | 21/28 | €554,306 | €601,578 | +€47,272 | +8.5% |
| Tangible fixed assets | 22/27 | €504,306 | €551,578 | +€47,272 | +9.4% |
| Land and buildings | 22 | €504,306 | €551,578 | +€47,272 | +9.4% |
| Financial fixed assets | 28 | €50,000 | €50,000 | = | 0.0% |
| Current assets | 29/58 | €108,222 | €114,130 | +€5,908 | +5.5% |
| Amounts receivable within one year | 40/41 | €62,193 | €57,942 | -€4,251 | -6.8% |
| Trade receivables | 40 | €12,193 | €2,421 | -€9,773 | -80.1% |
| Other amounts receivable | 41 | €50,000 | €55,522 | +€5,522 | +11.0% |
| Current investments | 50/53 | €24,725 | €13,752 | -€10,973 | -44.4% |
| Cash at bank and in hand | 54/58 | €21,304 | €42,436 | +€21,132 | +99.2% |
| Total equity and liabilities | 10/49 | €662,528 | €715,709 | +€53,180 | +8.0% |
| Equity | 10/15 | €577,813 | €568,272 | -€9,541 | -1.7% |
| Contributions | 10/11 | €575,000 | €575,000 | = | 0.0% |
| Capital | 10 | €575,000 | €575,000 | = | 0.0% |
| Issued capital | 100 | €575,000 | €575,000 | = | 0.0% |
| Reserves | 13 | €32,830 | - | -€32,830 | |
| Tax-exempt reserves | 132 | €32,830 | - | -€32,830 | |
| Profit (loss) carried forward | 14 | -€30,017 | -€6,728 | +€23,289 | +77.6% |
| Provisions and deferred taxes | 16 | €10,943 | - | -€10,943 | |
| Deferred taxes | 168 | €10,943 | - | -€10,943 | |
| Amounts payable | 17/49 | €73,772 | €147,436 | +€73,665 | +99.9% |
| Amounts payable within one year | 42/48 | €72,923 | €146,675 | +€73,752 | +101% |
| Other amounts payable | 47/48 | €72,923 | €146,675 | +€73,752 | +101% |
| Accrued charges and deferred income | 492/3 | €848 | €761 | -€87 | -10.3% |
| Non-recurring operating income | 76A | €21 | €106 | +€85 | +406% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,149 | €23,255 | +€5,106 | +28.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €9,888 | +€9,888 | |
| Other operating charges | 640/8 | €8,231 | €8,508 | +€278 | +3.4% |
| Gross operating margin | 9900 | €28,809 | €16,438 | -€12,371 | -42.9% |
| Operating profit (loss) | 9901 | €2,429 | -€25,214 | -€27,644 | |
| Financial income | 75/76B | €1,059 | €4,965 | +€3,906 | +369% |
| Recurring financial income | 75 | €1,059 | €4,965 | +€3,906 | +369% |
| Financial charges | 65/66B | €2,041 | €235 | -€1,806 | -88.5% |
| Recurring financial charges | 65 | €2,041 | €235 | -€1,806 | -88.5% |
| Profit (loss) for the period before taxes | 9903 | €1,447 | -€20,484 | -€21,932 | |
| Transfer from deferred taxes | 780 | €10,430 | €10,943 | +€514 | +4.9% |
| Profit (loss) for the period | 9904 | €11,877 | -€9,541 | -€21,418 | |
| Transfer from tax-exempt reserves | 789 | €31,289 | €32,830 | +€1,541 | +4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €43,166 | €23,289 | -€19,877 | -46.0% |
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 31 October 2026 via checked.be.