BJ9: 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.
BJ9
Largest movements
- Receivables within one year -€6,057
down €6,057 (-3.0%), from €200,343 to €194,286
of which Other amounts receivable: -€4,559
- Reserves -€13,537
down €13,537 (-46.7%), from €28,971 to €15,434
of which Distributable reserves: -€13,537
- Gross operating margin -€13,534
down €13,534, from €9,229 to -€4,305
- Financial charges -€8,471
down €8,471 (-65.4%), from €12,953 to €4,483
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 | €491,330 | €482,257 | -€9,073 | -1.8% |
| Fixed assets | 21/28 | €18,599 | €18,599 | = | 0.0% |
| Financial fixed assets | 28 | €18,599 | €18,599 | = | 0.0% |
| Current assets | 29/58 | €472,731 | €463,658 | -€9,073 | -1.9% |
| Stocks and contracts in progress | 3 | €266,186 | €266,186 | = | 0.0% |
| Stocks | 30/36 | €266,186 | €266,186 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €200,343 | €194,286 | -€6,057 | -3.0% |
| Trade receivables | 40 | €2,096 | €599 | -€1,498 | -71.4% |
| Other amounts receivable | 41 | €198,246 | €193,688 | -€4,559 | -2.3% |
| Cash at bank and in hand | 54/58 | €4,089 | €1,498 | -€2,591 | -63.4% |
| Deferred charges and accrued income | 490/1 | €2,114 | €1,688 | -€426 | -20.1% |
| Total equity and liabilities | 10/49 | €491,330 | €482,257 | -€9,073 | -1.8% |
| Equity | 10/15 | €355,741 | €346,434 | -€9,307 | -2.6% |
| Contributions | 10/11 | €331,000 | €331,000 | = | 0.0% |
| Capital | 10 | €331,000 | - | -€331,000 | |
| Issued capital | 100 | €331,000 | - | -€331,000 | |
| Reserves | 13 | €28,971 | €15,434 | -€13,537 | -46.7% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Legal reserve | 130 | €2,500 | - | -€2,500 | |
| Other | 1319 | - | €2,500 | +€2,500 | |
| Distributable reserves | 133 | €26,471 | €12,934 | -€13,537 | -51.1% |
| Profit (loss) carried forward | 14 | -€4,230 | €0 | +€4,230 | |
| Amounts payable | 17/49 | €135,589 | €135,824 | +€234 | +0.2% |
| Amounts payable within one year | 42/48 | €135,589 | €135,824 | +€234 | +0.2% |
| Financial debts | 43 | €134,828 | €134,828 | = | 0.0% |
| Credit institutions | 430/8 | €134,828 | €134,828 | = | 0.0% |
| Trade debts | 44 | €309 | €291 | -€18 | -5.8% |
| Suppliers | 440/4 | €309 | €291 | -€18 | -5.8% |
| Other amounts payable | 47/48 | €452 | €704 | +€252 | +55.7% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €9,229 | -€4,305 | -€13,534 | |
| Operating profit (loss) | 9901 | €8,724 | -€4,825 | -€13,548 | |
| Financial charges | 65/66B | €12,953 | €4,483 | -€8,471 | -65.4% |
| Recurring financial charges | 65 | €12,953 | €4,483 | -€8,471 | -65.4% |
| Profit (loss) for the period before taxes | 9903 | -€4,230 | -€9,307 | -€5,077 | -120.0% |
| Profit (loss) for the period | 9904 | -€4,230 | -€9,307 | -€5,077 | -120.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,230 | -€9,307 | -€5,077 | -120.0% |
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 8 October 2026 via checked.be.