JOYOUS CODING: 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.
JOYOUS CODING
Largest movements
- Receivables within one year -€56,046
down €56,046 (-89.1%), from €62,873 to €6,827
- Cash +€21,130
up €21,130 (+18.2%), from €116,386 to €137,517
mainly Net result for the year (+€77,569) and Receivables within one year (+€56,046)
- Tangible fixed assets -€2,079
down €2,079 (-53.3%), from €3,900 to €1,820
- Other debts -€27,096
down €27,096 (-25.5%), from €106,149 to €79,053
- Tax, wage and social debts -€9,730
down €9,730 (-19.2%), from €50,689 to €40,959
of which Taxes: -€9,730
- Gross operating margin -€51,851
down €51,851 (-34.3%), from €151,202 to €99,351
- Taxes -€12,513
down €12,513 (-38.9%), from €32,130 to €19,617
- Write-downs -€1,800
no longer reported in 2025 (was €1,800)
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 | €183,171 | €146,168 | -€37,003 | -20.2% |
| Fixed assets | 21/28 | €3,900 | €1,820 | -€2,079 | -53.3% |
| Tangible fixed assets | 22/27 | €3,900 | €1,820 | -€2,079 | -53.3% |
| Furniture and vehicles | 24 | €3,900 | €1,820 | -€2,079 | -53.3% |
| Current assets | 29/58 | €179,271 | €144,348 | -€34,923 | -19.5% |
| Amounts receivable within one year | 40/41 | €62,873 | €6,827 | -€56,046 | -89.1% |
| Trade receivables | 40 | €62,873 | €6,827 | -€56,046 | -89.1% |
| Cash at bank and in hand | 54/58 | €116,386 | €137,517 | +€21,130 | +18.2% |
| Deferred charges and accrued income | 490/1 | €12 | €4 | -€8 | -64.4% |
| Total equity and liabilities | 10/49 | €183,171 | €146,168 | -€37,003 | -20.2% |
| Equity | 10/15 | €20,460 | €20,460 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Amounts payable | 17/49 | €162,711 | €125,708 | -€37,003 | -22.7% |
| Amounts payable within one year | 42/48 | €162,711 | €125,677 | -€37,035 | -22.8% |
| Trade debts | 44 | €5,873 | €5,665 | -€209 | -3.6% |
| Suppliers | 440/4 | €5,873 | €5,665 | -€209 | -3.6% |
| Taxes, remuneration and social security | 45 | €50,689 | €40,959 | -€9,730 | -19.2% |
| Taxes | 450/3 | €44,389 | €34,659 | -€9,730 | -21.9% |
| Remuneration and social security | 454/9 | €6,300 | €6,300 | = | 0.0% |
| Other amounts payable | 47/48 | €106,149 | €79,053 | -€27,096 | -25.5% |
| Accrued charges and deferred income | 492/3 | - | €32 | +€32 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,667 | €2,079 | -€588 | -22.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,800 | - | -€1,800 | |
| Other operating charges | 640/8 | €1,210 | - | -€1,210 | |
| Gross operating margin | 9900 | €151,202 | €99,351 | -€51,851 | -34.3% |
| Operating profit (loss) | 9901 | €145,525 | €97,272 | -€48,253 | -33.2% |
| Financial charges | 65/66B | €88 | €86 | -€1 | -1.7% |
| Recurring financial charges | 65 | €88 | €86 | -€1 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €145,437 | €97,186 | -€48,252 | -33.2% |
| Income taxes | 67/77 | €32,130 | €19,617 | -€12,513 | -38.9% |
| Profit (loss) for the period | 9904 | €113,308 | €77,569 | -€35,739 | -31.5% |
| Profit (loss) for the period to be appropriated | 9905 | €113,308 | €77,569 | -€35,739 | -31.5% |
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 25 October 2026 via checked.be.