BJ Management: 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.
BJ Management
Largest movements
- Cash -€60,159
down €60,159 (-84.6%), from €71,093 to €10,934
mainly Contributions, distributions and other (-€24,937) and Investment in fixed assets (net) (-€24,575)
- Tangible fixed assets +€34,116
up €34,116 (+2094.8%), from €1,629 to €35,745
of which Other tangible fixed assets: +€28,277
- Receivables within one year +€17,753
up €17,753 (+887.6%), from €2,000 to €19,753
of which Other amounts receivable: +€16,753
- Financial fixed assets -€15,000
no longer reported in 2025 (was €15,000)
- Other debts -€16,222
down €16,222 (-33.8%), from €47,996 to €31,774
- Tax, wage and social debts -€6,747
down €6,747 (-19.3%), from €35,034 to €28,287
of which Remuneration and social security: -€5,274
- Gross operating margin -€12,178
down €12,178 (-21.6%), from €56,335 to €44,157
- Depreciation +€5,001
up €5,001 (+1091.3%), from €458 to €5,459
- Taxes -€3,772
down €3,772 (-25.0%), from €15,069 to €11,298
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 | €90,003 | €66,724 | -€23,280 | -25.9% |
| Fixed assets | 21/28 | €16,629 | €35,745 | +€19,116 | +115.0% |
| Tangible fixed assets | 22/27 | €1,629 | €35,745 | +€34,116 | +2094.8% |
| Furniture and vehicles | 24 | €1,004 | €6,842 | +€5,839 | +581.8% |
| Other tangible fixed assets | 26 | €625 | €28,903 | +€28,277 | +4523.6% |
| Financial fixed assets | 28 | €15,000 | - | -€15,000 | |
| Current assets | 29/58 | €73,375 | €30,979 | -€42,396 | -57.8% |
| Amounts receivable within one year | 40/41 | €2,000 | €19,753 | +€17,753 | +887.6% |
| Trade receivables | 40 | €2,000 | €3,000 | +€1,000 | +50.0% |
| Other amounts receivable | 41 | - | €16,753 | +€16,753 | |
| Cash at bank and in hand | 54/58 | €71,093 | €10,934 | -€60,159 | -84.6% |
| Deferred charges and accrued income | 490/1 | €281 | €292 | +€10 | +3.7% |
| Total equity and liabilities | 10/49 | €90,003 | €66,724 | -€23,280 | -25.9% |
| Equity | 10/15 | €6,000 | €6,000 | = | 0.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Amounts payable | 17/49 | €84,003 | €60,724 | -€23,280 | -27.7% |
| Amounts payable within one year | 42/48 | €84,003 | €60,724 | -€23,280 | -27.7% |
| Trade debts | 44 | €973 | €663 | -€311 | -31.9% |
| Suppliers | 440/4 | €973 | €663 | -€311 | -31.9% |
| Taxes, remuneration and social security | 45 | €35,034 | €28,287 | -€6,747 | -19.3% |
| Taxes | 450/3 | €13,639 | €12,166 | -€1,473 | -10.8% |
| Remuneration and social security | 454/9 | €21,395 | €16,121 | -€5,274 | -24.6% |
| Other amounts payable | 47/48 | €47,996 | €31,774 | -€16,222 | -33.8% |
| Remuneration, social security and pensions | 62 | €1,860 | €1,984 | +€124 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €458 | €5,459 | +€5,001 | +1091.3% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €56,335 | €44,157 | -€12,178 | -21.6% |
| Operating profit (loss) | 9901 | €53,630 | €36,314 | -€17,316 | -32.3% |
| Financial income | 75/76B | €32 | - | -€32 | |
| Recurring financial income | 75 | €32 | - | -€32 | |
| Financial charges | 65/66B | €84 | €80 | -€4 | -4.8% |
| Recurring financial charges | 65 | €84 | €80 | -€4 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €53,578 | €36,234 | -€17,344 | -32.4% |
| Income taxes | 67/77 | €15,069 | €11,298 | -€3,772 | -25.0% |
| Profit (loss) for the period | 9904 | €38,509 | €24,937 | -€13,572 | -35.2% |
| Profit (loss) for the period to be appropriated | 9905 | €38,509 | €24,937 | -€13,572 | -35.2% |
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 6 October 2026 via checked.be.