E-JM: 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.
E-JM
Largest movements
- Cash +€7,110
up €7,110 (+136%), from €5,229 to €12,338
mainly Net result for the year (+€7,924) and Receivables within one year (+€3,774)
- Receivables within one year -€3,774
down €3,774 (-69.5%), from €5,430 to €1,656
of which Other amounts receivable: -€2,590
- Tangible fixed assets -€291
down €291 (-69.4%), from €420 to €129
of which Furniture and vehicles: -€260
- Intangible fixed assets -€200
down €200 (-50.0%), from €400 to €200
- Profit (loss) carried forward +€7,924
up €7,924, from -€5,727 to €2,197
- Other debts -€6,057
down €6,057 (-44.5%), from €13,626 to €7,569
- Tax, wage and social debts +€760
new in 2025: €760
- Trade debts +€218
up €218 (+306%), from €71 to €289
- Gross operating margin +€5,070
up €5,070 (+111%), from €4,578 to €9,648
- Depreciation -€1,115
down €1,115 (-69.4%), from €1,606 to €491
- Taxes +€760
new in 2025: €760
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 | €11,970 | €14,815 | +€2,845 | +23.8% |
| Fixed assets | 21/28 | €820 | €329 | -€491 | -59.9% |
| Intangible fixed assets | 21 | €400 | €200 | -€200 | -50.0% |
| Tangible fixed assets | 22/27 | €420 | €129 | -€291 | -69.4% |
| Plant, machinery and equipment | 23 | €31 | - | -€31 | |
| Furniture and vehicles | 24 | €389 | €129 | -€260 | -66.9% |
| Current assets | 29/58 | €11,150 | €14,486 | +€3,336 | +29.9% |
| Amounts receivable within one year | 40/41 | €5,430 | €1,656 | -€3,774 | -69.5% |
| Trade receivables | 40 | €2,276 | €1,092 | -€1,184 | -52.0% |
| Other amounts receivable | 41 | €3,154 | €564 | -€2,590 | -82.1% |
| Cash at bank and in hand | 54/58 | €5,229 | €12,338 | +€7,110 | +136% |
| Deferred charges and accrued income | 490/1 | €492 | €492 | = | 0.0% |
| Total equity and liabilities | 10/49 | €11,970 | €14,815 | +€2,845 | +23.8% |
| Equity | 10/15 | -€1,727 | €6,197 | +€7,924 | |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,727 | €2,197 | +€7,924 | |
| Amounts payable | 17/49 | €13,697 | €8,618 | -€5,079 | -37.1% |
| Amounts payable within one year | 42/48 | €13,697 | €8,618 | -€5,079 | -37.1% |
| Trade debts | 44 | €71 | €289 | +€218 | +306% |
| Suppliers | 440/4 | €71 | €289 | +€218 | +306% |
| Taxes, remuneration and social security | 45 | - | €760 | +€760 | |
| Taxes | 450/3 | - | €760 | +€760 | |
| Other amounts payable | 47/48 | €13,626 | €7,569 | -€6,057 | -44.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,606 | €491 | -€1,115 | -69.4% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €4,578 | €9,648 | +€5,070 | +111% |
| Operating profit (loss) | 9901 | €2,584 | €8,757 | +€6,173 | +239% |
| Financial charges | 65/66B | €77 | €73 | -€4 | -4.6% |
| Recurring financial charges | 65 | €77 | €73 | -€4 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €2,507 | €8,684 | +€6,176 | +246% |
| Income taxes | 67/77 | - | €760 | +€760 | |
| Profit (loss) for the period | 9904 | €2,507 | €7,924 | +€5,416 | +216% |
| Profit (loss) for the period to be appropriated | 9905 | €2,507 | €7,924 | +€5,416 | +216% |
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 13 October 2026 via checked.be.