4J2S: 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.
4J2S
Largest movements
- Cash +€25,792
up €25,792 (+2,999%), from €860 to €26,652
mainly Net result for the year (+€23,562) and Receivables within one year (+€21,879)
- Receivables within one year -€21,879
down €21,879 (-26.2%), from €83,663 to €61,785
of which Other amounts receivable: -€21,772
- Tangible fixed assets -€7,597
down €7,597 (-79.6%), from €9,549 to €1,952
- Current investments +€2,049
up €2,049 (+10.6%), from €19,267 to €21,315
- Trade debts -€13,662
down €13,662 (-31.1%), from €43,980 to €30,318
- Tax, wage and social debts +€8,160
up €8,160 (+18.1%), from €44,975 to €53,135
of which Taxes: +€10,878
- Other debts +€6,199
up €6,199 (+11.3%), from €55,098 to €61,296
- Debts after one year -€3,878
down €3,878 (-100%), from €3,878 to €0
- Profit (loss) carried forward +€3,562
up €3,562 (+146%), from €2,438 to €6,000
- Gross operating margin +€12,843
up €12,843 (+15.5%), from €83,005 to €95,849
- Write-downs +€12,102
new in 2025: €12,102
- Taxes -€5,597
down €5,597 (-54.2%), from €10,322 to €4,725
- Staff costs +€5,315
up €5,315 (+11.7%), from €45,239 to €50,553
- Depreciation -€2,989
down €2,989 (-43.6%), from €6,859 to €3,870
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 | €162,400 | €161,642 | -€758 | -0.5% |
| Fixed assets | 21/28 | €9,549 | €1,952 | -€7,597 | -79.6% |
| Tangible fixed assets | 22/27 | €9,549 | €1,952 | -€7,597 | -79.6% |
| Furniture and vehicles | 24 | €9,549 | €1,952 | -€7,597 | -79.6% |
| Current assets | 29/58 | €152,851 | €159,689 | +€6,839 | +4.5% |
| Stocks and contracts in progress | 3 | €45,700 | €45,700 | = | 0.0% |
| Stocks | 30/36 | €45,700 | €45,700 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €83,663 | €61,785 | -€21,879 | -26.2% |
| Trade receivables | 40 | €42,044 | €41,937 | -€107 | -0.3% |
| Other amounts receivable | 41 | €41,619 | €19,847 | -€21,772 | -52.3% |
| Current investments | 50/53 | €19,267 | €21,315 | +€2,049 | +10.6% |
| Cash at bank and in hand | 54/58 | €860 | €26,652 | +€25,792 | +2,999% |
| Deferred charges and accrued income | 490/1 | €3,361 | €4,238 | +€877 | +26.1% |
| Total equity and liabilities | 10/49 | €162,400 | €161,642 | -€758 | -0.5% |
| Equity | 10/15 | €8,638 | €12,200 | +€3,562 | +41.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,438 | €6,000 | +€3,562 | +146% |
| Amounts payable | 17/49 | €153,762 | €149,441 | -€4,320 | -2.8% |
| Amounts payable after more than one year | 17 | €3,878 | €0 | -€3,878 | -100% |
| Financial debts | 170/4 | €3,878 | €0 | -€3,878 | -100% |
| Amounts payable within one year | 42/48 | €149,884 | €148,081 | -€1,803 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | €5,831 | €3,332 | -€2,500 | -42.9% |
| Trade debts | 44 | €43,980 | €30,318 | -€13,662 | -31.1% |
| Suppliers | 440/4 | €43,980 | €30,318 | -€13,662 | -31.1% |
| Taxes, remuneration and social security | 45 | €44,975 | €53,135 | +€8,160 | +18.1% |
| Taxes | 450/3 | €32,033 | €42,911 | +€10,878 | +34.0% |
| Remuneration and social security | 454/9 | €12,942 | €10,225 | -€2,717 | -21.0% |
| Other amounts payable | 47/48 | €55,098 | €61,296 | +€6,199 | +11.3% |
| Accrued charges and deferred income | 492/3 | - | €1,360 | +€1,360 | |
| Non-recurring operating income | 76A | €292 | - | -€292 | |
| Remuneration, social security and pensions | 62 | €45,239 | €50,553 | +€5,315 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,859 | €3,870 | -€2,989 | -43.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €12,102 | +€12,102 | |
| Other operating charges | 640/8 | €1,903 | €2,294 | +€391 | +20.6% |
| Non-recurring operating charges | 66A | €7,830 | - | -€7,830 | |
| Gross operating margin | 9900 | €83,005 | €95,849 | +€12,843 | +15.5% |
| Operating profit (loss) | 9901 | €21,175 | €27,029 | +€5,854 | +27.6% |
| Financial income | 75/76B | €2,153 | €1,686 | -€468 | -21.7% |
| Recurring financial income | 75 | €2,153 | €1,686 | -€468 | -21.7% |
| Financial charges | 65/66B | €1,517 | €426 | -€1,090 | -71.9% |
| Recurring financial charges | 65 | €1,517 | €426 | -€1,090 | -71.9% |
| Profit (loss) for the period before taxes | 9903 | €21,811 | €28,288 | +€6,476 | +29.7% |
| Income taxes | 67/77 | €10,322 | €4,725 | -€5,597 | -54.2% |
| Profit (loss) for the period | 9904 | €11,489 | €23,562 | +€12,073 | +105% |
| Profit (loss) for the period to be appropriated | 9905 | €11,489 | €23,562 | +€12,073 | +105% |
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 20 October 2026 via checked.be.