S.M.E. Joye: 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.
S.M.E. Joye
Largest movements
- Receivables within one year +€100,528
up €100,528 (+25.1%), from €400,000 to €500,528
- Cash -€100,197
down €100,197 (-48.3%), from €207,276 to €107,079
mainly Receivables within one year (-€100,528) and Trade debts (-€473)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€44,810
up €44,810, from -€43,382 to €1,428
- Financial income -€3,745
no longer reported in 2025 (was €3,745)
- Other operating charges -€533
down €533 (-53.0%), from €1,005 to €473
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 | €664,291 | €664,628 | +€337 | +0.1% |
| Fixed assets | 21/28 | €57,016 | €57,016 | = | 0.0% |
| Tangible fixed assets | 22/27 | €57,016 | €57,016 | = | 0.0% |
| Land and buildings | 22 | €57,016 | €57,016 | = | 0.0% |
| Current assets | 29/58 | €607,276 | €607,612 | +€337 | +0.1% |
| Amounts receivable within one year | 40/41 | €400,000 | €500,528 | +€100,528 | +25.1% |
| Other amounts receivable | 41 | €400,000 | €500,528 | +€100,528 | +25.1% |
| Cash at bank and in hand | 54/58 | €207,276 | €107,079 | -€100,197 | -48.3% |
| Deferred charges and accrued income | 490/1 | - | €6 | +€6 | |
| Total equity and liabilities | 10/49 | €664,291 | €664,628 | +€337 | +0.1% |
| Equity | 10/15 | €663,818 | €664,628 | +€810 | +0.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €568,939 | €568,939 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €562,739 | €562,739 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,879 | €33,689 | +€810 | +2.5% |
| Amounts payable | 17/49 | €473 | - | -€473 | |
| Amounts payable within one year | 42/48 | €473 | - | -€473 | |
| Trade debts | 44 | €473 | - | -€473 | |
| Suppliers | 440/4 | €473 | - | -€473 | |
| Other operating charges | 640/8 | €1,005 | €473 | -€533 | -53.0% |
| Gross operating margin | 9900 | -€43,382 | €1,428 | +€44,810 | |
| Operating profit (loss) | 9901 | -€44,387 | €955 | +€45,343 | |
| Financial income | 75/76B | €3,745 | - | -€3,745 | |
| Recurring financial income | 75 | €3,745 | - | -€3,745 | |
| Financial charges | 65/66B | €66 | €146 | +€79 | +120.0% |
| Recurring financial charges | 65 | €66 | €146 | +€79 | +120.0% |
| Profit (loss) for the period before taxes | 9903 | -€40,708 | €810 | +€41,518 | |
| Profit (loss) for the period | 9904 | -€40,708 | €810 | +€41,518 | |
| Profit (loss) for the period to be appropriated | 9905 | -€40,708 | €810 | +€41,518 |
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 6 October 2026 via checked.be.