EJC: 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.
EJC
Largest movements
- Receivables within one year -€33,138
down €33,138 (-65.0%), from €50,996 to €17,857
of which Other amounts receivable: -€20,757
- Cash -€7,384
down €7,384 (-40.7%), from €18,158 to €10,774
mainly Contributions, distributions and other (-€38,700) and Net result for the year (-€6,072)
- Tangible fixed assets -€2,438
down €2,438 (-17.7%), from €13,761 to €11,323
of which Plant, machinery and equipment: -€1,867
- Stocks and contracts +€1,710
up €1,710 (+39.6%), from €4,320 to €6,030
- Reserves -€45,772
down €45,772 (-56.3%), from €81,283 to €35,511
- Other debts +€2,905
new in 2025: €2,905
- Trade debts +€1,186
up €1,186 (+32.3%), from €3,672 to €4,858
- Contributions +€1,000
new in 2025: €1,000
- Gross operating margin -€20,985
down €20,985 (-92.5%), from €22,684 to €1,699
- Taxes -€1,618
no longer reported in 2025 (was €1,618)
- Depreciation -€1,454
down €1,454 (-22.7%), from €6,408 to €4,954
- Other operating charges +€1,322
up €1,322 (+112.9%), from €1,171 to €2,493
- Financial income -€615
down €615 (-97.2%), from €633 to €18
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 | €87,236 | €45,985 | -€41,251 | -47.3% |
| Fixed assets | 21/28 | €13,761 | €11,323 | -€2,438 | -17.7% |
| Tangible fixed assets | 22/27 | €13,761 | €11,323 | -€2,438 | -17.7% |
| Land and buildings | 22 | €1,766 | €1,318 | -€448 | -25.4% |
| Plant, machinery and equipment | 23 | €10,240 | €8,373 | -€1,867 | -18.2% |
| Furniture and vehicles | 24 | €1,755 | €1,632 | -€123 | -7.0% |
| Current assets | 29/58 | €73,474 | €34,662 | -€38,813 | -52.8% |
| Stocks and contracts in progress | 3 | €4,320 | €6,030 | +€1,710 | +39.6% |
| Stocks | 30/36 | €4,320 | €6,030 | +€1,710 | +39.6% |
| Amounts receivable within one year | 40/41 | €50,996 | €17,857 | -€33,138 | -65.0% |
| Trade receivables | 40 | €27,357 | €14,975 | -€12,381 | -45.3% |
| Other amounts receivable | 41 | €23,639 | €2,882 | -€20,757 | -87.8% |
| Cash at bank and in hand | 54/58 | €18,158 | €10,774 | -€7,384 | -40.7% |
| Total equity and liabilities | 10/49 | €87,236 | €45,985 | -€41,251 | -47.3% |
| Equity | 10/15 | €81,283 | €36,511 | -€44,772 | -55.1% |
| Contributions | 10/11 | - | €1,000 | +€1,000 | |
| Reserves | 13 | €81,283 | €35,511 | -€45,772 | -56.3% |
| Distributable reserves | 133 | €81,283 | €35,511 | -€45,772 | -56.3% |
| Amounts payable | 17/49 | €5,953 | €9,474 | +€3,521 | +59.2% |
| Amounts payable within one year | 42/48 | €5,953 | €9,474 | +€3,521 | +59.2% |
| Trade debts | 44 | €3,672 | €4,858 | +€1,186 | +32.3% |
| Suppliers | 440/4 | €3,672 | €4,858 | +€1,186 | +32.3% |
| Taxes, remuneration and social security | 45 | €2,280 | €1,711 | -€569 | -25.0% |
| Taxes | 450/3 | €2,280 | €1,711 | -€569 | -25.0% |
| Other amounts payable | 47/48 | - | €2,905 | +€2,905 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,408 | €4,954 | -€1,454 | -22.7% |
| Other operating charges | 640/8 | €1,171 | €2,493 | +€1,322 | +112.9% |
| Gross operating margin | 9900 | €22,684 | €1,699 | -€20,985 | -92.5% |
| Operating profit (loss) | 9901 | €15,105 | -€5,748 | -€20,854 | |
| Financial income | 75/76B | €633 | €18 | -€615 | -97.2% |
| Recurring financial income | 75 | €633 | €18 | -€615 | -97.2% |
| Financial charges | 65/66B | €756 | €342 | -€414 | -54.7% |
| Recurring financial charges | 65 | €756 | €342 | -€414 | -54.7% |
| Profit (loss) for the period before taxes | 9903 | €14,982 | -€6,072 | -€21,055 | |
| Income taxes | 67/77 | €1,618 | - | -€1,618 | |
| Profit (loss) for the period | 9904 | €13,365 | -€6,072 | -€19,437 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,365 | -€6,072 | -€19,437 |
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 11 October 2026 via checked.be.