Joyn4Local: 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.
Joyn4Local
Largest movements
- Receivables within one year -€2.0m
down €2.0m (-80.9%), from €2.5m to €474,121
of which Other amounts receivable: -€2.0m
- Intangible fixed assets -€77,525
down €77,525 (-40.0%), from €193,812 to €116,287
- Trade debts -€2.2m
down €2.2m (-98.9%), from €2.2m to €25,252
- Other debts +€187,620
up €187,620 (+24.5%), from €764,487 to €952,107
- Tax, wage and social debts -€154,819
down €154,819 (-88.3%), from €175,319 to €20,499
of which Taxes: -€154,544
- Accrued charges and deferred income +€33,169
up €33,169 (+16.6%), from €199,433 to €232,602
- Gross operating margin -€194,558
down €194,558 (-36.9%), from €527,428 to €332,871
- Write-downs -€185,393
down €185,393, from €117,716 to -€67,676
- Financial charges +€31,367
up €31,367 (+145.8%), from €21,514 to €52,881
- Other operating charges -€5,957
down €5,957 (-5.7%), from €104,672 to €98,715
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 | €2,790,639 | €693,441 | -€2.1m | -75.2% |
| Fixed assets | 21/28 | €195,312 | €117,787 | -€77,525 | -39.7% |
| Intangible fixed assets | 21 | €193,812 | €116,287 | -€77,525 | -40.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €2,595,327 | €575,654 | -€2.0m | -77.8% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €2,484,172 | €474,121 | -€2.0m | -80.9% |
| Trade receivables | 40 | €230,700 | €222,051 | -€8,649 | -3.7% |
| Other amounts receivable | 41 | €2,253,472 | €252,071 | -€2.0m | -88.8% |
| Cash at bank and in hand | 54/58 | €111,155 | €100,134 | -€11,021 | -9.9% |
| Deferred charges and accrued income | 490/1 | €0 | €1,399 | +€1,399 | |
| Total equity and liabilities | 10/49 | €2,790,639 | €693,441 | -€2.1m | -75.2% |
| Equity | 10/15 | -€549,852 | -€537,019 | +€12,833 | +2.3% |
| Contributions | 10/11 | €2,250,000 | €2,250,000 | = | 0.0% |
| Capital | 10 | €2,250,000 | €2,250,000 | = | 0.0% |
| Issued capital | 100 | €2,250,000 | €2,250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,799,852 | -€2,787,019 | +€12,833 | +0.5% |
| Amounts payable | 17/49 | €3,340,491 | €1,230,461 | -€2.1m | -63.2% |
| Amounts payable within one year | 42/48 | €3,141,058 | €997,859 | -€2.1m | -68.2% |
| Trade debts | 44 | €2,201,252 | €25,252 | -€2.2m | -98.9% |
| Suppliers | 440/4 | €2,201,252 | €25,252 | -€2.2m | -98.9% |
| Taxes, remuneration and social security | 45 | €175,319 | €20,499 | -€154,819 | -88.3% |
| Taxes | 450/3 | €157,771 | €3,227 | -€154,544 | -98.0% |
| Remuneration and social security | 454/9 | €17,548 | €17,273 | -€275 | -1.6% |
| Other amounts payable | 47/48 | €764,487 | €952,107 | +€187,620 | +24.5% |
| Accrued charges and deferred income | 492/3 | €199,433 | €232,602 | +€33,169 | +16.6% |
| Non-recurring operating income | 76A | €2,670 | €0 | -€2,670 | -100.0% |
| Remuneration, social security and pensions | 62 | €158,137 | €158,422 | +€284 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,013 | €77,525 | -€2,488 | -3.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €117,716 | -€67,676 | -€185,393 | |
| Other operating charges | 640/8 | €104,672 | €98,715 | -€5,957 | -5.7% |
| Gross operating margin | 9900 | €527,428 | €332,871 | -€194,558 | -36.9% |
| Operating profit (loss) | 9901 | €66,890 | €65,885 | -€1,004 | -1.5% |
| Financial income | 75/76B | €1,943 | €5 | -€1,938 | -99.7% |
| Recurring financial income | 75 | €1,943 | €5 | -€1,938 | -99.7% |
| Financial charges | 65/66B | €21,514 | €52,881 | +€31,367 | +145.8% |
| Recurring financial charges | 65 | €21,514 | €52,881 | +€31,367 | +145.8% |
| Profit (loss) for the period before taxes | 9903 | €47,319 | €13,009 | -€34,309 | -72.5% |
| Income taxes | 67/77 | €963 | €177 | -€786 | -81.6% |
| Profit (loss) for the period | 9904 | €46,356 | €12,833 | -€33,523 | -72.3% |
| Profit (loss) for the period to be appropriated | 9905 | €46,356 | €12,833 | -€33,523 | -72.3% |
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 5 October 2026 via checked.be.