JOYN: 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.
JOYN
Largest movements
- Receivables within one year -€2.3m
down €2.3m (-93.5%), from €2.4m to €158,053
of which Trade receivables: -€2.2m
- Intangible fixed assets -€239,850
down €239,850 (-13.2%), from €1.8m to €1.6m
- Other debts -€2.7m
down €2.7m (-10.6%), from €25.4m to €22.7m
- Tax, wage and social debts +€221,474
up €221,474 (+819.3%), from €27,031 to €248,504
of which Taxes: +€212,945
- Profit (loss) carried forward -€124,095
down €124,095 (-0.4%), from -€33.0m to -€33.1m
- Trade debts +€75,014
up €75,014 (+38.3%), from €195,899 to €270,913
- Financial charges -€625,048
down €625,048, from €9,433 to -€615,616
- Gross operating margin +€543,139
up €543,139, from -€200,280 to €342,859
- Depreciation +€106,125
up €106,125 (+16.3%), from €650,890 to €757,015
- Write-downs +€79,177
up €79,177, from -€79,177 to €0
- Staff costs +€57,749
up €57,749 (+25.1%), from €229,874 to €287,623
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 | €4,422,515 | €1,909,456 | -€2.5m | -56.8% |
| Fixed assets | 21/28 | €1,819,019 | €1,579,649 | -€239,370 | -13.2% |
| Intangible fixed assets | 21 | €1,813,475 | €1,573,625 | -€239,850 | -13.2% |
| Tangible fixed assets | 22/27 | €656 | €1,136 | +€480 | +73.2% |
| Plant, machinery and equipment | 23 | €656 | €1,136 | +€480 | +73.2% |
| Financial fixed assets | 28 | €4,888 | €4,888 | = | 0.0% |
| Current assets | 29/58 | €2,603,496 | €329,807 | -€2.3m | -87.3% |
| Amounts receivable within one year | 40/41 | €2,426,103 | €158,053 | -€2.3m | -93.5% |
| Trade receivables | 40 | €2,231,529 | €38,834 | -€2.2m | -98.3% |
| Other amounts receivable | 41 | €194,574 | €119,219 | -€75,355 | -38.7% |
| Cash at bank and in hand | 54/58 | €172,943 | €155,373 | -€17,571 | -10.2% |
| Deferred charges and accrued income | 490/1 | €4,450 | €16,382 | +€11,932 | +268.1% |
| Total equity and liabilities | 10/49 | €4,422,515 | €1,909,456 | -€2.5m | -56.8% |
| Equity | 10/15 | -€21,186,864 | -€21,310,959 | -€124,095 | -0.6% |
| Contributions | 10/11 | €11,825,000 | €11,825,000 | = | 0.0% |
| Capital | 10 | €11,825,000 | €11,825,000 | = | 0.0% |
| Issued capital | 100 | €11,825,000 | €11,825,000 | = | 0.0% |
| Reserves | 13 | €1,980 | €1,980 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,980 | €1,980 | = | 0.0% |
| Legal reserve | 130 | €1,980 | €1,980 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,013,844 | -€33,137,939 | -€124,095 | -0.4% |
| Amounts payable | 17/49 | €25,609,379 | €23,220,415 | -€2.4m | -9.3% |
| Amounts payable within one year | 42/48 | €25,609,379 | €23,220,415 | -€2.4m | -9.3% |
| Trade debts | 44 | €195,899 | €270,913 | +€75,014 | +38.3% |
| Suppliers | 440/4 | €195,899 | €270,913 | +€75,014 | +38.3% |
| Taxes, remuneration and social security | 45 | €27,031 | €248,504 | +€221,474 | +819.3% |
| Taxes | 450/3 | €3,262 | €216,206 | +€212,945 | +6528.1% |
| Remuneration and social security | 454/9 | €23,769 | €32,298 | +€8,529 | +35.9% |
| Other amounts payable | 47/48 | €25,386,450 | €22,700,998 | -€2.7m | -10.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | €7,038 | +€7,038 | |
| Remuneration, social security and pensions | 62 | €229,874 | €287,623 | +€57,749 | +25.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €650,890 | €757,015 | +€106,125 | +16.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€79,177 | €0 | +€79,177 | |
| Other operating charges | 640/8 | €11,374 | €3,262 | -€8,112 | -71.3% |
| Non-recurring operating charges | 66A | €1,935 | €21,205 | +€19,269 | +995.7% |
| Gross operating margin | 9900 | -€200,280 | €342,859 | +€543,139 | |
| Operating profit (loss) | 9901 | -€1,015,176 | -€726,245 | +€288,931 | +28.5% |
| Financial income | 75/76B | €5,286 | €11,270 | +€5,984 | +113.2% |
| Recurring financial income | 75 | €5,286 | €11,270 | +€5,984 | +113.2% |
| Financial charges | 65/66B | €9,433 | -€615,616 | -€625,048 | |
| Recurring financial charges | 65 | €9,433 | -€615,616 | -€625,048 | |
| Profit (loss) for the period before taxes | 9903 | -€1,019,323 | -€99,360 | +€919,963 | +90.3% |
| Income taxes | 67/77 | -€21,630 | €24,735 | +€46,365 | |
| Profit (loss) for the period | 9904 | -€997,692 | -€124,095 | +€873,598 | +87.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€997,692 | -€124,095 | +€873,598 | +87.6% |
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 4 October 2026 via checked.be.