BJORN'S: 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.
BJORN'S
Largest movements
- Receivables within one year +€12,688
up €12,688 (+9.3%), from €137,027 to €149,715
of which Trade receivables: +€12,313
- Stocks and contracts +€9,018
new in 2025: €9,018
- Tangible fixed assets -€5,165
down €5,165 (-33.5%), from €15,419 to €10,255
of which Other tangible fixed assets: -€3,116
- Deferred charges and accrued income -€3,315
down €3,315 (-93.8%), from €3,536 to €220
- Cash +€2,008
up €2,008 (+30.8%), from €6,511 to €8,519
mainly Net result for the year (+€29,038) and Depreciation (+€7,080)
- Profit (loss) carried forward +€29,038
up €29,038 (+10.9%), from -€266,368 to -€237,330
- Tax, wage and social debts -€9,858
down €9,858 (-73.1%), from €13,494 to €3,636
of which Taxes: -€5,360
- Debts after one year -€7,778
down €7,778 (-27.9%), from €27,870 to €20,092
- Trade debts +€3,222
up €3,222 (+4.7%), from €68,046 to €71,267
- Accrued charges and deferred income -€2,770
down €2,770 (-100%), from €2,770 to €0
- Staff costs -€49,363
down €49,363 (-100%), from €49,363 to €0
- Gross operating margin +€46,938
up €46,938 (+322%), from €14,595 to €61,533
- Depreciation -€8,837
down €8,837 (-55.5%), from €15,917 to €7,080
- Other operating charges -€4,966
down €4,966 (-17.4%), from €28,532 to €23,566
- Write-downs -€3,152
down €3,152 (-100%), from €3,152 to €0
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 | €166,023 | €179,342 | +€13,319 | +8.0% |
| Fixed assets | 21/28 | €18,949 | €11,870 | -€7,080 | -37.4% |
| Intangible fixed assets | 21 | €3,530 | €1,615 | -€1,915 | -54.3% |
| Tangible fixed assets | 22/27 | €15,419 | €10,255 | -€5,165 | -33.5% |
| Plant, machinery and equipment | 23 | €1,243 | €183 | -€1,060 | -85.3% |
| Furniture and vehicles | 24 | €1,702 | €714 | -€988 | -58.1% |
| Other tangible fixed assets | 26 | €12,474 | €9,358 | -€3,116 | -25.0% |
| Current assets | 29/58 | €147,074 | €167,472 | +€20,399 | +13.9% |
| Stocks and contracts in progress | 3 | - | €9,018 | +€9,018 | |
| Stocks | 30/36 | - | €9,018 | +€9,018 | |
| Amounts receivable within one year | 40/41 | €137,027 | €149,715 | +€12,688 | +9.3% |
| Trade receivables | 40 | €136,671 | €148,984 | +€12,313 | +9.0% |
| Other amounts receivable | 41 | €356 | €731 | +€375 | +105% |
| Cash at bank and in hand | 54/58 | €6,511 | €8,519 | +€2,008 | +30.8% |
| Deferred charges and accrued income | 490/1 | €3,536 | €220 | -€3,315 | -93.8% |
| Total equity and liabilities | 10/49 | €166,023 | €179,342 | +€13,319 | +8.0% |
| Equity | 10/15 | €45,447 | €74,485 | +€29,038 | +63.9% |
| Contributions | 10/11 | €311,815 | €311,815 | = | 0.0% |
| Capital | 10 | €311,815 | €311,815 | = | 0.0% |
| Issued capital | 100 | €311,815 | €311,815 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€266,368 | -€237,330 | +€29,038 | +10.9% |
| Amounts payable | 17/49 | €120,576 | €104,857 | -€15,719 | -13.0% |
| Amounts payable after more than one year | 17 | €27,870 | €20,092 | -€7,778 | -27.9% |
| Financial debts | 170/4 | €27,870 | €20,092 | -€7,778 | -27.9% |
| Amounts payable within one year | 42/48 | €89,936 | €84,765 | -€5,171 | -5.7% |
| Current portion of amounts payable after more than one year | 42 | €7,778 | €7,778 | = | 0.0% |
| Trade debts | 44 | €68,046 | €71,267 | +€3,222 | +4.7% |
| Suppliers | 440/4 | €68,046 | €71,267 | +€3,222 | +4.7% |
| Advances received on contracts in progress | 46 | €618 | €0 | -€618 | -100% |
| Taxes, remuneration and social security | 45 | €13,494 | €3,636 | -€9,858 | -73.1% |
| Taxes | 450/3 | €8,996 | €3,636 | -€5,360 | -59.6% |
| Remuneration and social security | 454/9 | €4,499 | €0 | -€4,499 | -100% |
| Other amounts payable | 47/48 | - | €2,083 | +€2,083 | |
| Accrued charges and deferred income | 492/3 | €2,770 | €0 | -€2,770 | -100% |
| Non-recurring operating income | 76A | - | €10,676 | +€10,676 | |
| Remuneration, social security and pensions | 62 | €49,363 | €0 | -€49,363 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,917 | €7,080 | -€8,837 | -55.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,152 | €0 | -€3,152 | -100% |
| Other operating charges | 640/8 | €28,532 | €23,566 | -€4,966 | -17.4% |
| Non-recurring operating charges | 66A | €2,817 | €437 | -€2,380 | -84.5% |
| Gross operating margin | 9900 | €14,595 | €61,533 | +€46,938 | +322% |
| Operating profit (loss) | 9901 | -€85,185 | €30,451 | +€115,636 | |
| Financial income | 75/76B | €172 | €255 | +€83 | +48.3% |
| Recurring financial income | 75 | €172 | €255 | +€83 | +48.3% |
| Financial charges | 65/66B | €2,661 | €1,668 | -€993 | -37.3% |
| Recurring financial charges | 65 | €2,661 | €1,668 | -€993 | -37.3% |
| Profit (loss) for the period before taxes | 9903 | -€87,674 | €29,038 | +€116,711 | |
| Income taxes | 67/77 | €244 | €0 | -€244 | -100% |
| Profit (loss) for the period | 9904 | -€87,917 | €29,038 | +€116,955 | |
| Profit (loss) for the period to be appropriated | 9905 | -€87,917 | €29,038 | +€116,955 |
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 27 October 2026 via checked.be.