BJ & Associates: 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.
BJ & Associates
Largest movements
- Tangible fixed assets +€129,046
up €129,046 (+2,096%), from €6,157 to €135,203
of which Furniture and vehicles: +€124,931
- Cash -€80,429
down €80,429 (-68.3%), from €117,817 to €37,388
mainly Investment in fixed assets (net) (-€151,796) and Debts after one year (-€36,801)
- Receivables within one year -€19,056
down €19,056 (-42.6%), from €44,703 to €25,648
of which Other amounts receivable: -€17,437
- Profit (loss) carried forward +€58,596
up €58,596 (+58.7%), from €99,837 to €158,433
- Debts after one year -€36,801
no longer reported in 2025 (was €36,801)
- Other debts +€20,768
new in 2025: €20,768
- Current portion of long-term debt -€17,477
no longer reported in 2025 (was €17,477)
- Tax, wage and social debts +€5,659
new in 2025: €5,659
of which Remuneration and social security: +€3,018
- Gross operating margin +€126,450
up €126,450, from -€32,342 to €94,108
- Depreciation +€20,373
up €20,373 (+733%), from €2,781 to €23,154
- Taxes +€5,101
up €5,101 (+4,233%), from €121 to €5,222
- Other operating charges +€3,120
up €3,120 (+414%), from €754 to €3,874
- Financial charges +€1,503
up €1,503 (+84.3%), from €1,783 to €3,286
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 | €172,730 | €200,088 | +€27,358 | +15.8% |
| Formation expenses | 20 | €862 | €457 | -€404 | -46.9% |
| Fixed assets | 21/28 | €6,157 | €135,203 | +€129,046 | +2,096% |
| Tangible fixed assets | 22/27 | €6,157 | €135,203 | +€129,046 | +2,096% |
| Plant, machinery and equipment | 23 | €617 | €4,733 | +€4,116 | +667% |
| Furniture and vehicles | 24 | €5,539 | €130,470 | +€124,931 | +2,255% |
| Current assets | 29/58 | €165,712 | €64,428 | -€101,284 | -61.1% |
| Amounts receivable within one year | 40/41 | €44,703 | €25,648 | -€19,056 | -42.6% |
| Trade receivables | 40 | €5,401 | €3,782 | -€1,618 | -30.0% |
| Other amounts receivable | 41 | €39,303 | €21,866 | -€17,437 | -44.4% |
| Cash at bank and in hand | 54/58 | €117,817 | €37,388 | -€80,429 | -68.3% |
| Deferred charges and accrued income | 490/1 | €3,192 | €1,392 | -€1,800 | -56.4% |
| Total equity and liabilities | 10/49 | €172,730 | €200,088 | +€27,358 | +15.8% |
| Equity | 10/15 | €109,837 | €168,433 | +€58,596 | +53.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €99,837 | €158,433 | +€58,596 | +58.7% |
| Amounts payable | 17/49 | €62,894 | €31,655 | -€31,239 | -49.7% |
| Amounts payable after more than one year | 17 | €36,801 | - | -€36,801 | |
| Financial debts | 170/4 | €36,801 | - | -€36,801 | |
| Amounts payable within one year | 42/48 | €26,093 | €31,655 | +€5,562 | +21.3% |
| Current portion of amounts payable after more than one year | 42 | €17,477 | - | -€17,477 | |
| Trade debts | 44 | €8,615 | €5,228 | -€3,387 | -39.3% |
| Suppliers | 440/4 | €8,615 | €5,228 | -€3,387 | -39.3% |
| Taxes, remuneration and social security | 45 | - | €5,659 | +€5,659 | |
| Taxes | 450/3 | - | €2,641 | +€2,641 | |
| Remuneration and social security | 454/9 | - | €3,018 | +€3,018 | |
| Other amounts payable | 47/48 | - | €20,768 | +€20,768 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,781 | €23,154 | +€20,373 | +733% |
| Other operating charges | 640/8 | €754 | €3,874 | +€3,120 | +414% |
| Gross operating margin | 9900 | -€32,342 | €94,108 | +€126,450 | |
| Operating profit (loss) | 9901 | -€35,877 | €67,080 | +€102,957 | |
| Financial income | 75/76B | - | €24 | +€24 | |
| Recurring financial income | 75 | - | €24 | +€24 | |
| Financial charges | 65/66B | €1,783 | €3,286 | +€1,503 | +84.3% |
| Recurring financial charges | 65 | €1,783 | €3,286 | +€1,503 | +84.3% |
| Profit (loss) for the period before taxes | 9903 | -€37,660 | €63,818 | +€101,478 | |
| Income taxes | 67/77 | €121 | €5,222 | +€5,101 | +4,233% |
| Profit (loss) for the period | 9904 | -€37,780 | €58,596 | +€96,376 | |
| Profit (loss) for the period to be appropriated | 9905 | -€37,780 | €58,596 | +€96,376 |
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 15 October 2026 via checked.be.