JOYT: 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
JOYT
NACE 56.111, Full-service restaurants
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€103,019
2024 · -€219,700+€116,681
Equity
-€427,536
2024 · -€324,517-€103,019
Cash
€92,419
2024 · €93,111-€692
Balance sheet total
€1.5m
2024 · €1.7m-€181,904
Largest movements
Assets
- Tangible fixed assets -€249,111
down €249,111 (-16.6%), from €1.5m to €1.3m
- Financial fixed assets +€51,000
new in 2025: €51,000
Equity and liabilities
- Other debts +€148,063
up €148,063 (+15.5%), from €955,912 to €1.1m
- Debts after one year -€135,053
down €135,053 (-22.2%), from €608,221 to €473,167
- Profit (loss) carried forward -€103,019
down €103,019 (-24.5%), from -€419,761 to -€522,780
- Trade debts -€93,101
down €93,101 (-38.5%), from €242,017 to €148,915
Income statement
- Gross operating margin +€226,462
up €226,462 (+41.1%), from €550,937 to €777,398
- Staff costs +€87,216
up €87,216 (+18.2%), from €479,814 to €567,030
- Depreciation +€25,454
up €25,454 (+10.5%), from €241,565 to €267,019
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
-€219,700
Gross operating margin
+€226,462
Staff costs
-€87,216
Depreciation
-€25,454
Other operating charges
+€462
Financial income
+€36
Financial charges
+€2,392
Result 2025
-€103,019
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
+€207,896
Investment
-€68,908
Financing
-€139,680
Cash 2024
€93,111
From operations (derived)
+€207,896
Net result for the year
-€103,019
Depreciation
+€267,019
Stocks and contracts
-€14,761
Receivables within one year
-€696
Deferred charges and accrued income
-€1,441
Trade debts
-€93,101
Tax, wage and social debts
+€5,834
Other debts
+€148,063
Investment (derived)
-€68,908
Investment in fixed assets (net)
-€68,908
Financing
-€139,680
Debts after one year
-€135,053
Current portion of long-term debt
-€4,627
Cash 2025
€92,419
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,665,692 | €1,483,788 | -€181,904 | -10.9% |
| Fixed assets | 21/28 | €1,502,993 | €1,304,883 | -€198,111 | -13.2% |
| Tangible fixed assets | 22/27 | €1,502,993 | €1,253,883 | -€249,111 | -16.6% |
| Plant, machinery and equipment | 23 | €151,230 | €85,424 | -€65,806 | -43.5% |
| Furniture and vehicles | 24 | €71,867 | €41,692 | -€30,175 | -42.0% |
| Leasing and similar rights | 25 | €133,498 | €101,921 | -€31,577 | -23.7% |
| Other tangible fixed assets | 26 | €1,146,398 | €1,024,846 | -€121,552 | -10.6% |
| Financial fixed assets | 28 | - | €51,000 | +€51,000 | |
| Current assets | 29/58 | €162,699 | €178,905 | +€16,207 | +10.0% |
| Stocks and contracts in progress | 3 | €36,925 | €51,686 | +€14,761 | +40.0% |
| Stocks | 30/36 | €36,925 | €51,686 | +€14,761 | +40.0% |
| Amounts receivable within one year | 40/41 | €22,040 | €22,736 | +€696 | +3.2% |
| Trade receivables | 40 | €7,160 | €16,207 | +€9,047 | +126.4% |
| Other amounts receivable | 41 | €14,880 | €6,529 | -€8,351 | -56.1% |
| Cash at bank and in hand | 54/58 | €93,111 | €92,419 | -€692 | -0.7% |
| Deferred charges and accrued income | 490/1 | €10,623 | €12,065 | +€1,441 | +13.6% |
| Total equity and liabilities | 10/49 | €1,665,692 | €1,483,788 | -€181,904 | -10.9% |
| Equity | 10/15 | -€324,517 | -€427,536 | -€103,019 | -31.7% |
| Contributions | 10/11 | €70,455 | €70,455 | = | 0.0% |
| Reserves | 13 | €24,789 | €24,789 | = | 0.0% |
| Distributable reserves | 133 | €24,789 | €24,789 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€419,761 | -€522,780 | -€103,019 | -24.5% |
| Amounts payable | 17/49 | €1,990,209 | €1,911,324 | -€78,885 | -4.0% |
| Amounts payable after more than one year | 17 | €608,221 | €473,167 | -€135,053 | -22.2% |
| Financial debts | 170/4 | €608,221 | €473,167 | -€135,053 | -22.2% |
| Amounts payable within one year | 42/48 | €1,381,989 | €1,438,157 | +€56,168 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | €139,680 | €135,053 | -€4,627 | -3.3% |
| Trade debts | 44 | €242,017 | €148,915 | -€93,101 | -38.5% |
| Suppliers | 440/4 | €242,017 | €148,915 | -€93,101 | -38.5% |
| Taxes, remuneration and social security | 45 | €44,380 | €50,213 | +€5,834 | +13.1% |
| Taxes | 450/3 | €25,944 | €24,825 | -€1,119 | -4.3% |
| Remuneration and social security | 454/9 | €18,436 | €25,388 | +€6,952 | +37.7% |
| Other amounts payable | 47/48 | €955,912 | €1,103,975 | +€148,063 | +15.5% |
| Remuneration, social security and pensions | 62 | €479,814 | €567,030 | +€87,216 | +18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €241,565 | €267,019 | +€25,454 | +10.5% |
| Other operating charges | 640/8 | €13,161 | €12,699 | -€462 | -3.5% |
| Gross operating margin | 9900 | €550,937 | €777,398 | +€226,462 | +41.1% |
| Operating profit (loss) | 9901 | -€183,603 | -€69,350 | +€114,253 | +62.2% |
| Financial income | 75/76B | €39 | €75 | +€36 | +92.2% |
| Recurring financial income | 75 | €39 | €75 | +€36 | +92.2% |
| Financial charges | 65/66B | €36,137 | €33,745 | -€2,392 | -6.6% |
| Recurring financial charges | 65 | €36,137 | €33,745 | -€2,392 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | -€219,700 | -€103,019 | +€116,681 | +53.1% |
| Profit (loss) for the period | 9904 | -€219,700 | -€103,019 | +€116,681 | +53.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€219,700 | -€103,019 | +€116,681 | +53.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.