BJEL: 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.
BJEL
Largest movements
- Tangible fixed assets -€13,035
down €13,035 (-54.7%), from €23,848 to €10,813
of which Furniture and vehicles: -€6,682
- Receivables within one year +€7,468
new in 2025: €7,468
of which Trade receivables: +€6,130
- Reserves +€51,864
up €51,864 (+37.1%), from €139,668 to €191,531
- Debts after one year -€32,598
down €32,598 (-32.9%), from €99,230 to €66,631
- Other debts -€25,544
down €25,544 (-10.3%), from €248,146 to €222,602
- Tax, wage and social debts +€6,472
up €6,472 (+82.8%), from €7,813 to €14,286
- Financial income +€35,036
new in 2025: €35,036
- Gross operating margin +€8,471
up €8,471 (+20.8%), from €40,740 to €49,211
- Taxes +€3,285
up €3,285 (+96.4%), from €3,408 to €6,692
- Financial charges +€2,413
up €2,413 (+26.0%), from €9,299 to €11,712
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 | €538,399 | €535,445 | -€2,953 | -0.5% |
| Fixed assets | 21/28 | €523,848 | €510,813 | -€13,035 | -2.5% |
| Tangible fixed assets | 22/27 | €23,848 | €10,813 | -€13,035 | -54.7% |
| Land and buildings | 22 | €12,960 | €7,052 | -€5,909 | -45.6% |
| Plant, machinery and equipment | 23 | €1,122 | €678 | -€444 | -39.6% |
| Furniture and vehicles | 24 | €9,765 | €3,083 | -€6,682 | -68.4% |
| Financial fixed assets | 28 | €500,000 | €500,000 | = | 0.0% |
| Current assets | 29/58 | €14,551 | €24,632 | +€10,081 | +69.3% |
| Amounts receivable within one year | 40/41 | - | €7,468 | +€7,468 | |
| Trade receivables | 40 | - | €6,130 | +€6,130 | |
| Other amounts receivable | 41 | - | €1,337 | +€1,337 | |
| Current investments | 50/53 | €1,250 | €1,250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €11,526 | €15,731 | +€4,205 | +36.5% |
| Deferred charges and accrued income | 490/1 | €1,775 | €183 | -€1,592 | -89.7% |
| Total equity and liabilities | 10/49 | €538,399 | €535,445 | -€2,953 | -0.5% |
| Equity | 10/15 | €145,868 | €197,731 | +€51,864 | +35.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €139,668 | €191,531 | +€51,864 | +37.1% |
| Distributable reserves | 133 | €139,668 | €191,531 | +€51,864 | +37.1% |
| Amounts payable | 17/49 | €392,531 | €337,714 | -€54,817 | -14.0% |
| Amounts payable after more than one year | 17 | €99,230 | €66,631 | -€32,598 | -32.9% |
| Financial debts | 170/4 | €99,230 | €66,631 | -€32,598 | -32.9% |
| Amounts payable within one year | 42/48 | €293,301 | €271,082 | -€22,219 | -7.6% |
| Current portion of amounts payable after more than one year | 42 | €32,129 | €32,598 | +€469 | +1.5% |
| Trade debts | 44 | €5,213 | €1,596 | -€3,616 | -69.4% |
| Suppliers | 440/4 | €5,213 | €1,596 | -€3,616 | -69.4% |
| Taxes, remuneration and social security | 45 | €7,813 | €14,286 | +€6,472 | +82.8% |
| Taxes | 450/3 | €7,813 | €14,286 | +€6,472 | +82.8% |
| Other amounts payable | 47/48 | €248,146 | €222,602 | -€25,544 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,856 | €13,035 | +€179 | +1.4% |
| Other operating charges | 640/8 | €1,086 | €944 | -€141 | -13.0% |
| Gross operating margin | 9900 | €40,740 | €49,211 | +€8,471 | +20.8% |
| Operating profit (loss) | 9901 | €26,799 | €35,232 | +€8,434 | +31.5% |
| Financial income | 75/76B | - | €35,036 | +€35,036 | |
| Recurring financial income | 75 | - | €35,036 | +€35,036 | |
| Financial charges | 65/66B | €9,299 | €11,712 | +€2,413 | +26.0% |
| Recurring financial charges | 65 | €9,299 | €11,712 | +€2,413 | +26.0% |
| Profit (loss) for the period before taxes | 9903 | €17,500 | €58,556 | +€41,056 | +234.6% |
| Income taxes | 67/77 | €3,408 | €6,692 | +€3,285 | +96.4% |
| Profit (loss) for the period | 9904 | €14,092 | €51,864 | +€37,771 | +268.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,092 | €51,864 | +€37,771 | +268.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.