KARTONNAGE JOYE: what changed
What changed
KARTONNAGE JOYE
NACE 17.210, Manufacture of paper and paper products
filed annual accounts (NBB)
Net result for the year
€478,758
2024 · €448,914+€29,844
Equity
€2.2m
2024 · €1.8m+€478,758
Cash
€546,845
2024 · €562,470-€15,626
Balance sheet total
€7.8m
2024 · €8.1m-€329,950
Largest movements
Assets
- Tangible fixed assets -€306,627
down €306,627 (-5.9%), from €5.2m to €4.9m
of which Land and buildings: -€221,059
Equity and liabilities
- Debts after one year -€498,733
down €498,733 (-10.5%), from €4.8m to €4.3m
of which Financial debts: -€498,733
- Profit (loss) carried forward +€478,758
up €478,758 (+58.5%), from €817,913 to €1.3m
- Current portion of long-term debt -€307,400
down €307,400 (-35.9%), from €856,142 to €548,741
- Trade debts -€82,761
down €82,761 (-17.2%), from €482,492 to €399,731
Income statement
- Gross operating margin +€162,778
up €162,778 (+5.9%), from €2.8m to €2.9m
- Taxes +€130,319
up €130,319 (+9,021%), from €1,445 to €131,764
- Depreciation +€50,890
up €50,890 (+10.7%), from €474,257 to €525,147
- Financial income +€37,010
up €37,010 (+138%), from €26,800 to €63,811
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€448,914
Gross operating margin
+€162,778
Staff costs
-€2,009
Depreciation
-€50,890
Other operating charges
+€2,575
Financial income
+€37,010
Financial charges
+€10,699
Taxes
-€130,319
Result 2025
€478,758
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€991,488
Investment
-€218,520
Financing
-€788,594
Cash 2024
€562,470
From operations (derived)
+€991,488
Net result for the year
+€478,758
Depreciation
+€525,147
Stocks and contracts
+€6,355
Receivables within one year
-€14,924
Deferred charges and accrued income
+€16,267
Trade debts
-€82,761
Tax, wage and social debts
+€66,595
Other debts
-€3,949
Investment (derived)
-€218,520
Investment in fixed assets (net)
-€218,520
Financing
-€788,594
Debts after one year
-€498,733
Current portion of long-term debt
-€307,400
Short-term financial debts
+€17,540
Cash 2025
€546,845
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,087,463 | €7,757,513 | -€329,950 | -4.1% |
| Fixed assets | 21/28 | €5,419,628 | €5,113,001 | -€306,627 | -5.7% |
| Tangible fixed assets | 22/27 | €5,233,237 | €4,926,610 | -€306,627 | -5.9% |
| Land and buildings | 22 | €4,105,810 | €3,884,751 | -€221,059 | -5.4% |
| Plant, machinery and equipment | 23 | €455,449 | €567,027 | +€111,578 | +24.5% |
| Furniture and vehicles | 24 | €423,028 | €313,410 | -€109,618 | -25.9% |
| Leasing and similar rights | 25 | €188,326 | €161,422 | -€26,904 | -14.3% |
| Assets under construction and advance payments | 27 | €60,624 | - | -€60,624 | |
| Financial fixed assets | 28 | €186,391 | €186,391 | = | 0.0% |
| Current assets | 29/58 | €2,667,835 | €2,644,512 | -€23,323 | -0.9% |
| Stocks and contracts in progress | 3 | €1,074,887 | €1,068,532 | -€6,355 | -0.6% |
| Stocks | 30/36 | €1,074,887 | €1,068,532 | -€6,355 | -0.6% |
| Amounts receivable within one year | 40/41 | €1,014,211 | €1,029,135 | +€14,924 | +1.5% |
| Trade receivables | 40 | €952,461 | €1,010,899 | +€58,438 | +6.1% |
| Other amounts receivable | 41 | €61,750 | €18,236 | -€43,514 | -70.5% |
| Cash at bank and in hand | 54/58 | €562,470 | €546,845 | -€15,626 | -2.8% |
| Deferred charges and accrued income | 490/1 | €16,267 | - | -€16,267 | |
| Total equity and liabilities | 10/49 | €8,087,463 | €7,757,513 | -€329,950 | -4.1% |
| Equity | 10/15 | €1,769,863 | €2,248,621 | +€478,758 | +27.1% |
| Contributions | 10/11 | €462,000 | €462,000 | = | 0.0% |
| Capital | 10 | €462,000 | €462,000 | = | 0.0% |
| Issued capital | 100 | €462,000 | €462,000 | = | 0.0% |
| Reserves | 13 | €489,950 | €489,950 | = | 0.0% |
| Non-distributable reserves | 130/1 | €46,200 | €46,200 | = | 0.0% |
| Legal reserve | 130 | €46,200 | €46,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €93,750 | €93,750 | = | 0.0% |
| Distributable reserves | 133 | €350,000 | €350,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €817,913 | €1,296,671 | +€478,758 | +58.5% |
| Amounts payable | 17/49 | €6,317,601 | €5,508,892 | -€808,708 | -12.8% |
| Amounts payable after more than one year | 17 | €4,759,317 | €4,260,584 | -€498,733 | -10.5% |
| Financial debts | 170/4 | €3,259,317 | €2,760,584 | -€498,733 | -15.3% |
| Other amounts payable | 178/9 | €1,500,000 | €1,500,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,558,283 | €1,248,309 | -€309,975 | -19.9% |
| Current portion of amounts payable after more than one year | 42 | €856,142 | €548,741 | -€307,400 | -35.9% |
| Financial debts | 43 | - | €17,540 | +€17,540 | |
| Credit institutions | 430/8 | - | €17,540 | +€17,540 | |
| Trade debts | 44 | €482,492 | €399,731 | -€82,761 | -17.2% |
| Suppliers | 440/4 | €482,492 | €399,731 | -€82,761 | -17.2% |
| Taxes, remuneration and social security | 45 | €215,701 | €282,296 | +€66,595 | +30.9% |
| Taxes | 450/3 | €38,889 | €88,170 | +€49,282 | +127% |
| Remuneration and social security | 454/9 | €176,812 | €194,126 | +€17,314 | +9.8% |
| Other amounts payable | 47/48 | €3,949 | - | -€3,949 | |
| Non-recurring operating income | 76A | €14,240 | - | -€14,240 | |
| Remuneration, social security and pensions | 62 | €1,556,747 | €1,558,756 | +€2,009 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €474,257 | €525,147 | +€50,890 | +10.7% |
| Other operating charges | 640/8 | €73,674 | €71,099 | -€2,575 | -3.5% |
| Gross operating margin | 9900 | €2,756,873 | €2,919,651 | +€162,778 | +5.9% |
| Operating profit (loss) | 9901 | €652,196 | €764,649 | +€112,454 | +17.2% |
| Financial income | 75/76B | €26,800 | €63,811 | +€37,010 | +138% |
| Recurring financial income | 75 | €26,800 | €63,811 | +€37,010 | +138% |
| Financial charges | 65/66B | €228,637 | €217,938 | -€10,699 | -4.7% |
| Recurring financial charges | 65 | €228,637 | €217,938 | -€10,699 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €450,359 | €610,522 | +€160,163 | +35.6% |
| Income taxes | 67/77 | €1,445 | €131,764 | +€130,319 | +9,021% |
| Profit (loss) for the period | 9904 | €448,914 | €478,758 | +€29,844 | +6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €448,914 | €478,758 | +€29,844 | +6.6% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.