B JUST: 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.
B JUST
Largest movements
- Tangible fixed assets -€17,870
down €17,870 (-8.1%), from €221,233 to €203,362
- Receivables within one year +€8,364
up €8,364 (+140.2%), from €5,966 to €14,330
of which Other amounts receivable: +€8,983
- Cash +€2,398
up €2,398 (+293.7%), from €817 to €3,215
mainly Depreciation (+€13,614) and Net result for the year (+€12,723)
- Debts after one year -€13,160
down €13,160 (-8.0%), from €165,372 to €152,212
- Profit (loss) carried forward +€12,723
up €12,723 (+196.1%), from €6,487 to €19,210
- Trade debts -€10,814
down €10,814 (-60.0%), from €18,019 to €7,206
- Tax, wage and social debts +€3,421
up €3,421 (+82.4%), from €4,150 to €7,572
- Gross operating margin +€23,169
up €23,169 (+89.6%), from €25,869 to €49,037
- Depreciation -€6,311
down €6,311 (-31.7%), from €19,924 to €13,614
- Other operating charges +€4,763
up €4,763 (+172.7%), from €2,758 to €7,521
- Staff costs +€3,392
up €3,392 (+600.6%), from €565 to €3,957
- Taxes +€3,319
up €3,319 (+221.8%), from €1,496 to €4,816
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 | €230,815 | €223,707 | -€7,108 | -3.1% |
| Fixed assets | 21/28 | €224,033 | €206,162 | -€17,870 | -8.0% |
| Tangible fixed assets | 22/27 | €221,233 | €203,362 | -€17,870 | -8.1% |
| Land and buildings | 22 | €193,774 | €187,924 | -€5,850 | -3.0% |
| Plant, machinery and equipment | 23 | €3,973 | €2,858 | -€1,114 | -28.0% |
| Furniture and vehicles | 24 | €6,412 | €4,145 | -€2,268 | -35.4% |
| Other tangible fixed assets | 26 | €17,074 | €8,436 | -€8,638 | -50.6% |
| Financial fixed assets | 28 | €2,800 | €2,800 | = | 0.0% |
| Current assets | 29/58 | €6,783 | €17,545 | +€10,762 | +158.7% |
| Amounts receivable within one year | 40/41 | €5,966 | €14,330 | +€8,364 | +140.2% |
| Trade receivables | 40 | €3,592 | €2,974 | -€618 | -17.2% |
| Other amounts receivable | 41 | €2,374 | €11,356 | +€8,983 | +378.4% |
| Cash at bank and in hand | 54/58 | €817 | €3,215 | +€2,398 | +293.7% |
| Total equity and liabilities | 10/49 | €230,815 | €223,707 | -€7,108 | -3.1% |
| Equity | 10/15 | €30,747 | €43,470 | +€12,723 | +41.4% |
| Contributions | 10/11 | €4,260 | €4,260 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,487 | €19,210 | +€12,723 | +196.1% |
| Amounts payable | 17/49 | €200,068 | €180,237 | -€19,831 | -9.9% |
| Amounts payable after more than one year | 17 | €165,372 | €152,212 | -€13,160 | -8.0% |
| Financial debts | 170/4 | €165,372 | €152,212 | -€13,160 | -8.0% |
| Amounts payable within one year | 42/48 | €34,696 | €27,938 | -€6,758 | -19.5% |
| Current portion of amounts payable after more than one year | 42 | €12,526 | €13,160 | +€634 | +5.1% |
| Trade debts | 44 | €18,019 | €7,206 | -€10,814 | -60.0% |
| Suppliers | 440/4 | €18,019 | €7,206 | -€10,814 | -60.0% |
| Taxes, remuneration and social security | 45 | €4,150 | €7,572 | +€3,421 | +82.4% |
| Taxes | 450/3 | €4,150 | €7,572 | +€3,421 | +82.4% |
| Accrued charges and deferred income | 492/3 | - | €88 | +€88 | |
| Remuneration, social security and pensions | 62 | €565 | €3,957 | +€3,392 | +600.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,924 | €13,614 | -€6,311 | -31.7% |
| Other operating charges | 640/8 | €2,758 | €7,521 | +€4,763 | +172.7% |
| Gross operating margin | 9900 | €25,869 | €49,037 | +€23,169 | +89.6% |
| Operating profit (loss) | 9901 | €2,621 | €23,946 | +€21,325 | +813.5% |
| Financial charges | 65/66B | €5,821 | €6,407 | +€585 | +10.1% |
| Recurring financial charges | 65 | €5,821 | €6,407 | +€585 | +10.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,200 | €17,539 | +€20,739 | |
| Income taxes | 67/77 | €1,496 | €4,816 | +€3,319 | +221.8% |
| Profit (loss) for the period | 9904 | -€4,696 | €12,723 | +€17,420 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,696 | €12,723 | +€17,420 |
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 7 October 2026 via checked.be.