BJC Expertise: 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.
BJC Expertise
Largest movements
- Cash -€17,929
down €17,929 (-7.6%), from €237,007 to €219,078
mainly Net result for the year (-€31,590) and Investment in fixed assets (net) (-€2,476)
- Tangible fixed assets -€10,109
down €10,109 (-9.6%), from €105,593 to €95,484
of which Land and buildings: -€11,141
- Receivables within one year -€5,459
down €5,459 (-60.3%), from €9,060 to €3,601
of which Trade receivables: -€5,057
- Profit (loss) carried forward -€31,590
down €31,590 (-16.9%), from -€187,182 to -€218,772
- Depreciation +€1,079
up €1,079 (+9.4%), from €11,506 to €12,585
- Gross operating margin -€620
down €620 (-4.1%), from -€15,058 to -€15,678
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 | €491,881 | €459,080 | -€32,802 | -6.7% |
| Fixed assets | 21/28 | €114,625 | €104,516 | -€10,109 | -8.8% |
| Tangible fixed assets | 22/27 | €105,593 | €95,484 | -€10,109 | -9.6% |
| Land and buildings | 22 | €103,314 | €92,172 | -€11,141 | -10.8% |
| Plant, machinery and equipment | 23 | €2,279 | €3,312 | +€1,033 | +45.3% |
| Financial fixed assets | 28 | €9,032 | €9,032 | = | 0.0% |
| Current assets | 29/58 | €377,257 | €354,564 | -€22,693 | -6.0% |
| Amounts receivable within one year | 40/41 | €9,060 | €3,601 | -€5,459 | -60.3% |
| Trade receivables | 40 | €8,380 | €3,322 | -€5,057 | -60.4% |
| Other amounts receivable | 41 | €681 | €279 | -€402 | -59.0% |
| Current investments | 50/53 | €129,010 | €129,010 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €237,007 | €219,078 | -€17,929 | -7.6% |
| Deferred charges and accrued income | 490/1 | €2,178 | €2,874 | +€696 | +31.9% |
| Total equity and liabilities | 10/49 | €491,881 | €459,080 | -€32,802 | -6.7% |
| Equity | 10/15 | €481,018 | €449,428 | -€31,590 | -6.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €606,200 | €606,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €600,000 | €600,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€187,182 | -€218,772 | -€31,590 | -16.9% |
| Amounts payable | 17/49 | €10,863 | €9,651 | -€1,212 | -11.2% |
| Amounts payable within one year | 42/48 | €10,863 | €9,651 | -€1,212 | -11.2% |
| Trade debts | 44 | €1,998 | €1,480 | -€518 | -25.9% |
| Suppliers | 440/4 | €1,998 | €1,480 | -€518 | -25.9% |
| Taxes, remuneration and social security | 45 | €6,034 | €5,548 | -€486 | -8.1% |
| Taxes | 450/3 | €6,034 | €5,548 | -€486 | -8.1% |
| Other amounts payable | 47/48 | €2,831 | €2,624 | -€208 | -7.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,506 | €12,585 | +€1,079 | +9.4% |
| Other operating charges | 640/8 | €2,832 | €2,905 | +€73 | +2.6% |
| Non-recurring operating charges | 66A | €748 | €0 | -€748 | -100% |
| Gross operating margin | 9900 | -€15,058 | -€15,678 | -€620 | -4.1% |
| Operating profit (loss) | 9901 | -€30,144 | -€31,168 | -€1,024 | -3.4% |
| Financial income | 75/76B | €0 | €30 | +€30 | |
| Recurring financial income | 75 | €0 | €30 | +€30 | |
| Financial charges | 65/66B | €206 | €202 | -€4 | -2.0% |
| Recurring financial charges | 65 | €206 | €202 | -€4 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | -€30,350 | -€31,340 | -€990 | -3.3% |
| Income taxes | 67/77 | €237 | €250 | +€13 | +5.7% |
| Profit (loss) for the period | 9904 | -€30,586 | -€31,590 | -€1,004 | -3.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,586 | -€31,590 | -€1,004 | -3.3% |
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 23 October 2026 via checked.be.