B.J.S.: 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.
B.J.S.
Largest movements
- Receivables within one year +€17,458
up €17,458 (+12.1%), from €144,088 to €161,546
of which Trade receivables: +€16,380
- Tangible fixed assets +€10,851
up €10,851 (+58.7%), from €18,479 to €29,329
of which Plant, machinery and equipment: +€16,851
- Trade debts +€33,798
up €33,798 (+28.7%), from €117,680 to €151,478
- Profit (loss) carried forward -€10,708
down €10,708 (-42.4%), from €25,229 to €14,521
- Tax, wage and social debts +€4,983
up €4,983 (+27.8%), from €17,899 to €22,882
- Financial charges +€31,097
up €31,097 (+8,685%), from €358 to €31,455
of which Non-recurring financial charges: +€30,000
- Gross operating margin +€13,036
up €13,036 (+74.3%), from €17,552 to €30,589
- Depreciation -€9,332
down €9,332 (-50.6%), from €18,441 to €9,109
- Taxes -€1,717
no longer reported in 2025 (was €1,717)
- Other operating charges -€1,057
down €1,057 (-59.0%), from €1,790 to €733
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 | €162,808 | €190,881 | +€28,073 | +17.2% |
| Fixed assets | 21/28 | €18,479 | €29,329 | +€10,851 | +58.7% |
| Tangible fixed assets | 22/27 | €18,479 | €29,329 | +€10,851 | +58.7% |
| Plant, machinery and equipment | 23 | €1,662 | €18,513 | +€16,851 | +1,014% |
| Furniture and vehicles | 24 | €16,816 | €10,816 | -€6,000 | -35.7% |
| Current assets | 29/58 | €144,329 | €161,552 | +€17,222 | +11.9% |
| Amounts receivable within one year | 40/41 | €144,088 | €161,546 | +€17,458 | +12.1% |
| Trade receivables | 40 | €6,296 | €22,676 | +€16,380 | +260% |
| Other amounts receivable | 41 | €137,792 | €138,871 | +€1,079 | +0.8% |
| Cash at bank and in hand | 54/58 | €241 | €5 | -€236 | -97.8% |
| Total equity and liabilities | 10/49 | €162,808 | €190,881 | +€28,073 | +17.2% |
| Equity | 10/15 | €27,229 | €16,521 | -€10,708 | -39.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,229 | €14,521 | -€10,708 | -42.4% |
| Amounts payable | 17/49 | €135,579 | €174,360 | +€38,781 | +28.6% |
| Amounts payable within one year | 42/48 | €135,579 | €174,360 | +€38,781 | +28.6% |
| Trade debts | 44 | €117,680 | €151,478 | +€33,798 | +28.7% |
| Suppliers | 440/4 | €117,680 | €151,478 | +€33,798 | +28.7% |
| Taxes, remuneration and social security | 45 | €17,899 | €22,882 | +€4,983 | +27.8% |
| Taxes | 450/3 | €17,899 | €22,882 | +€4,983 | +27.8% |
| Remuneration, social security and pensions | 62 | €176 | - | -€176 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,441 | €9,109 | -€9,332 | -50.6% |
| Other operating charges | 640/8 | €1,790 | €733 | -€1,057 | -59.0% |
| Gross operating margin | 9900 | €17,552 | €30,589 | +€13,036 | +74.3% |
| Operating profit (loss) | 9901 | -€2,855 | €20,747 | +€23,602 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €358 | €31,455 | +€31,097 | +8,685% |
| Recurring financial charges | 65 | €358 | €1,455 | +€1,097 | +306% |
| Non-recurring financial charges | 66B | - | €30,000 | +€30,000 | |
| Profit (loss) for the period before taxes | 9903 | -€3,213 | -€10,708 | -€7,495 | -233% |
| Income taxes | 67/77 | €1,717 | - | -€1,717 | |
| Profit (loss) for the period | 9904 | -€4,930 | -€10,708 | -€5,778 | -117% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,930 | -€10,708 | -€5,778 | -117% |
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.