BJRN: 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.
BJRN
Largest movements
- Receivables after one year -€45,826
no longer reported in 2025 (was €45,826)
- Tangible fixed assets +€8,991
up €8,991 (+438%), from €2,052 to €11,043
of which Other tangible fixed assets: +€8,148
- Cash -€2,848
down €2,848 (-3.2%), from €88,953 to €86,105
mainly Contributions, distributions and other (-€203,773) and Investment in fixed assets (net) (-€10,042)
- Receivables within one year -€2,037
down €2,037 (-11.7%), from €17,464 to €15,428
of which Other amounts receivable: -€1,929
- Reserves -€140,490
no longer reported in 2025 (was €140,490)
- Other debts +€66,957
new in 2025: €66,957
- Debts after one year +€20,987
up €20,987 (+2,745%), from €765 to €21,751
- Tax, wage and social debts +€11,097
up €11,097 (+89.9%), from €12,344 to €23,441
- Gross operating margin +€12,787
up €12,787 (+18.9%), from €67,534 to €80,322
- Taxes +€2,092
up €2,092 (+14.7%), from €14,265 to €16,356
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 | €155,606 | €113,962 | -€41,643 | -26.8% |
| Fixed assets | 21/28 | €2,052 | €11,043 | +€8,991 | +438% |
| Tangible fixed assets | 22/27 | €2,052 | €11,043 | +€8,991 | +438% |
| Furniture and vehicles | 24 | €2,052 | €2,895 | +€844 | +41.1% |
| Other tangible fixed assets | 26 | - | €8,148 | +€8,148 | |
| Current assets | 29/58 | €153,554 | €102,919 | -€50,635 | -33.0% |
| Amounts receivable after more than one year | 29 | €45,826 | - | -€45,826 | |
| Other amounts receivable | 291 | €45,826 | - | -€45,826 | |
| Amounts receivable within one year | 40/41 | €17,464 | €15,428 | -€2,037 | -11.7% |
| Trade receivables | 40 | €15,535 | €15,428 | -€107 | -0.7% |
| Other amounts receivable | 41 | €1,929 | - | -€1,929 | |
| Cash at bank and in hand | 54/58 | €88,953 | €86,105 | -€2,848 | -3.2% |
| Deferred charges and accrued income | 490/1 | €1,310 | €1,386 | +€76 | +5.8% |
| Total equity and liabilities | 10/49 | €155,606 | €113,962 | -€41,643 | -26.8% |
| Equity | 10/15 | €141,990 | €1,500 | -€140,490 | -98.9% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €140,490 | - | -€140,490 | |
| Distributable reserves | 133 | €140,490 | - | -€140,490 | |
| Amounts payable | 17/49 | €13,616 | €112,462 | +€98,847 | +726% |
| Amounts payable after more than one year | 17 | €765 | €21,751 | +€20,987 | +2,745% |
| Other amounts payable | 178/9 | €765 | €21,751 | +€20,987 | +2,745% |
| Amounts payable within one year | 42/48 | €12,830 | €90,711 | +€77,881 | +607% |
| Trade debts | 44 | €486 | €313 | -€173 | -35.7% |
| Suppliers | 440/4 | €486 | €313 | -€173 | -35.7% |
| Taxes, remuneration and social security | 45 | €12,344 | €23,441 | +€11,097 | +89.9% |
| Taxes | 450/3 | €12,344 | €23,441 | +€11,097 | +89.9% |
| Other amounts payable | 47/48 | - | €66,957 | +€66,957 | |
| Accrued charges and deferred income | 492/3 | €21 | - | -€21 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €603 | €1,051 | +€447 | +74.1% |
| Other operating charges | 640/8 | €991 | €855 | -€135 | -13.7% |
| Gross operating margin | 9900 | €67,534 | €80,322 | +€12,787 | +18.9% |
| Operating profit (loss) | 9901 | €65,940 | €78,416 | +€12,475 | +18.9% |
| Financial income | 75/76B | €1,601 | €1,293 | -€308 | -19.2% |
| Recurring financial income | 75 | €1,601 | €1,293 | -€308 | -19.2% |
| Financial charges | 65/66B | €54 | €69 | +€14 | +26.8% |
| Recurring financial charges | 65 | €54 | €69 | +€14 | +26.8% |
| Profit (loss) for the period before taxes | 9903 | €67,487 | €79,640 | +€12,153 | +18.0% |
| Income taxes | 67/77 | €14,265 | €16,356 | +€2,092 | +14.7% |
| Profit (loss) for the period | 9904 | €53,222 | €63,283 | +€10,061 | +18.9% |
| Profit (loss) for the period to be appropriated | 9905 | €53,222 | €63,283 | +€10,061 | +18.9% |
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 25 October 2026 via checked.be.