JOYS: 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.
What changed
JOYS
NACE 43.350, Other building finishing work
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€47,978
2024 · -€40,799-€7,179
Equity
€174,193
2024 · €222,171-€47,978
Cash
€26,775
2024 · €39,106-€12,331
Balance sheet total
€2.1m
2024 · €2.3m-€107,287
Largest movements
Assets
- Tangible fixed assets -€98,504
down €98,504 (-4.5%), from €2.2m to €2.1m
of which Land and buildings: -€95,719
Equity and liabilities
- Debts after one year -€106,366
down €106,366 (-7.5%), from €1.4m to €1.3m
of which Financial debts: -€106,366
- Profit (loss) carried forward -€47,978
down €47,978 (-42.8%), from -€112,111 to -€160,089
- Other debts +€35,299
up €35,299 (+7.5%), from €471,999 to €507,298
Income statement
- Gross operating margin -€30,127
down €30,127 (-22.5%), from €134,042 to €103,916
- Financial charges -€13,915
down €13,915 (-44.1%), from €31,532 to €17,616
- Depreciation -€3,994
down €3,994 (-3.3%), from €120,652 to €116,658
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.
Result 2024
-€40,799
Gross operating margin
-€30,127
Depreciation
+€3,994
Other operating charges
-€926
Other operating items
+€6,000
Financial income
+€57
Financial charges
+€13,915
Taxes
-€92
Result 2025
-€47,978
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.
From operations
+€101,591
Investment
-€15,533
Financing
-€98,389
Cash 2024
€39,106
From operations (derived)
+€101,591
Net result for the year
-€47,978
Depreciation
+€116,658
Receivables within one year
-€3,778
Deferred charges and accrued income
-€2,392
Trade debts
-€371
Tax, wage and social debts
-€316
Other debts
+€35,299
Accrued charges and deferred income
+€4,468
Investment (derived)
-€15,533
Investment in fixed assets (net)
-€15,533
Financing
-€98,389
Debts after one year
-€106,366
Current portion of long-term debt
+€1,136
Short-term financial debts
+€6,842
Cash 2025
€26,775
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,251,714 | €2,144,427 | -€107,287 | -4.8% |
| Fixed assets | 21/28 | €2,203,255 | €2,102,130 | -€101,125 | -4.6% |
| Intangible fixed assets | 21 | €7,246 | €4,625 | -€2,621 | -36.2% |
| Tangible fixed assets | 22/27 | €2,196,009 | €2,097,505 | -€98,504 | -4.5% |
| Land and buildings | 22 | €2,175,286 | €2,079,566 | -€95,719 | -4.4% |
| Plant, machinery and equipment | 23 | €3,084 | €3,084 | = | 0.0% |
| Furniture and vehicles | 24 | €5,135 | €2,921 | -€2,214 | -43.1% |
| Other tangible fixed assets | 26 | €12,504 | €11,933 | -€571 | -4.6% |
| Current assets | 29/58 | €48,459 | €42,297 | -€6,162 | -12.7% |
| Amounts receivable within one year | 40/41 | €4,632 | €8,410 | +€3,778 | +81.5% |
| Trade receivables | 40 | €593 | €6,802 | +€6,209 | +1047.3% |
| Other amounts receivable | 41 | €4,039 | €1,607 | -€2,432 | -60.2% |
| Cash at bank and in hand | 54/58 | €39,106 | €26,775 | -€12,331 | -31.5% |
| Deferred charges and accrued income | 490/1 | €4,720 | €7,112 | +€2,392 | +50.7% |
| Total equity and liabilities | 10/49 | €2,251,714 | €2,144,427 | -€107,287 | -4.8% |
| Equity | 10/15 | €222,171 | €174,193 | -€47,978 | -21.6% |
| Contributions | 10/11 | €332,422 | €332,422 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€112,111 | -€160,089 | -€47,978 | -42.8% |
| Amounts payable | 17/49 | €2,029,544 | €1,970,234 | -€59,309 | -2.9% |
| Amounts payable after more than one year | 17 | €1,418,382 | €1,312,015 | -€106,366 | -7.5% |
| Financial debts | 170/4 | €1,270,382 | €1,164,015 | -€106,366 | -8.4% |
| Other amounts payable | 178/9 | €148,000 | €148,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €596,987 | €639,576 | +€42,590 | +7.1% |
| Current portion of amounts payable after more than one year | 42 | €105,231 | €106,366 | +€1,136 | +1.1% |
| Financial debts | 43 | €4,863 | €11,705 | +€6,842 | +140.7% |
| Credit institutions | 430/8 | €4,863 | €11,705 | +€6,842 | +140.7% |
| Trade debts | 44 | €14,003 | €13,631 | -€371 | -2.7% |
| Suppliers | 440/4 | €14,003 | €13,631 | -€371 | -2.7% |
| Taxes, remuneration and social security | 45 | €891 | €575 | -€316 | -35.4% |
| Taxes | 450/3 | €891 | €575 | -€316 | -35.4% |
| Other amounts payable | 47/48 | €471,999 | €507,298 | +€35,299 | +7.5% |
| Accrued charges and deferred income | 492/3 | €14,175 | €18,643 | +€4,468 | +31.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,652 | €116,658 | -€3,994 | -3.3% |
| Other operating charges | 640/8 | €16,571 | €17,497 | +€926 | +5.6% |
| Non-recurring operating charges | 66A | €6,000 | €0 | -€6,000 | -100.0% |
| Gross operating margin | 9900 | €134,042 | €103,916 | -€30,127 | -22.5% |
| Operating profit (loss) | 9901 | -€9,181 | -€30,240 | -€21,058 | -229.4% |
| Financial income | 75/76B | €29 | €86 | +€57 | +194.4% |
| Recurring financial income | 75 | €29 | €86 | +€57 | +194.4% |
| Financial charges | 65/66B | €31,532 | €17,616 | -€13,915 | -44.1% |
| Recurring financial charges | 65 | €31,532 | €17,616 | -€13,915 | -44.1% |
| Profit (loss) for the period before taxes | 9903 | -€40,683 | -€47,770 | -€7,086 | -17.4% |
| Income taxes | 67/77 | €116 | €208 | +€92 | +79.6% |
| Profit (loss) for the period | 9904 | -€40,799 | -€47,978 | -€7,179 | -17.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€40,799 | -€47,978 | -€7,179 | -17.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.