A et M.J.: what changed
A et M.J.
Largest movements
- Cash -€18,040
down €18,040 (-82.1%), from €21,974 to €3,934
mainly Other debts (-€15,694) and Trade debts (-€4,589)
- Receivables within one year -€3,304
down €3,304 (-3.5%), from €95,556 to €92,251
of which Trade receivables: -€2,545
- Tangible fixed assets -€1,941
down €1,941 (-63.3%), from €3,064 to €1,124
- Other debts -€15,694
down €15,694 (-9.4%), from €167,151 to €151,457
- Trade debts -€4,589
down €4,589 (-17.6%), from €26,057 to €21,467
- Profit (loss) carried forward -€3,095
down €3,095 (-2.0%), from -€157,182 to -€160,277
- Write-downs +€65,000
up €65,000, from -€65,000 to €0
- Gross operating margin +€20,028
up €20,028 (+96.6%), from -€20,737 to -€710
- Depreciation -€599
down €599 (-23.6%), from €2,539 to €1,941
- Taxes -€329
down €329 (-100%), from €329 to €0
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €120,594 | €97,309 | -€23,285 | -19.3% |
| Fixed assets | 21/28 | €3,064 | €1,124 | -€1,941 | -63.3% |
| Tangible fixed assets | 22/27 | €3,064 | €1,124 | -€1,941 | -63.3% |
| Furniture and vehicles | 24 | €3,064 | €1,124 | -€1,941 | -63.3% |
| Current assets | 29/58 | €117,529 | €96,185 | -€21,344 | -18.2% |
| Amounts receivable within one year | 40/41 | €95,556 | €92,251 | -€3,304 | -3.5% |
| Trade receivables | 40 | €59,507 | €56,962 | -€2,545 | -4.3% |
| Other amounts receivable | 41 | €36,049 | €35,289 | -€759 | -2.1% |
| Cash at bank and in hand | 54/58 | €21,974 | €3,934 | -€18,040 | -82.1% |
| Total equity and liabilities | 10/49 | €120,594 | €97,309 | -€23,285 | -19.3% |
| Equity | 10/15 | -€108,120 | -€111,215 | -€3,095 | -2.9% |
| Contributions | 10/11 | €44,600 | €44,600 | = | 0.0% |
| Reserves | 13 | €4,462 | €4,462 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,462 | €4,462 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,462 | €4,462 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€157,182 | -€160,277 | -€3,095 | -2.0% |
| Amounts payable | 17/49 | €228,714 | €208,524 | -€20,189 | -8.8% |
| Amounts payable after more than one year | 17 | €35,000 | €35,000 | = | 0.0% |
| Other amounts payable | 178/9 | €35,000 | €35,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €193,714 | €173,524 | -€20,189 | -10.4% |
| Trade debts | 44 | €26,057 | €21,467 | -€4,589 | -17.6% |
| Suppliers | 440/4 | €26,057 | €21,467 | -€4,589 | -17.6% |
| Taxes, remuneration and social security | 45 | €506 | €601 | +€94 | +18.6% |
| Taxes | 450/3 | €506 | €601 | +€94 | +18.6% |
| Other amounts payable | 47/48 | €167,151 | €151,457 | -€15,694 | -9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,539 | €1,941 | -€599 | -23.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€65,000 | €0 | +€65,000 | |
| Other operating charges | 640/8 | €434 | €387 | -€47 | -10.8% |
| Gross operating margin | 9900 | -€20,737 | -€710 | +€20,028 | +96.6% |
| Operating profit (loss) | 9901 | €41,289 | -€3,037 | -€44,327 | |
| Financial charges | 65/66B | €207 | €58 | -€149 | -72.1% |
| Recurring financial charges | 65 | €207 | €58 | -€149 | -72.1% |
| Profit (loss) for the period before taxes | 9903 | €41,083 | -€3,095 | -€44,178 | |
| Income taxes | 67/77 | €329 | €0 | -€329 | -100% |
| Profit (loss) for the period | 9904 | €40,754 | -€3,095 | -€43,849 | |
| Profit (loss) for the period to be appropriated | 9905 | €40,754 | -€3,095 | -€43,849 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.