EJM: 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.
EJM
Largest movements
- Tangible fixed assets +€29,041
new in 2025: €29,041
of which Furniture and vehicles: +€18,294
- Cash +€15,781
up €15,781 (+44.5%), from €35,430 to €51,211
mainly Net result for the year (+€64,607) and Other debts (+€54,588)
- Receivables within one year +€13,802
up €13,802 (+3809.1%), from €362 to €14,164
of which Trade receivables: +€11,616
- Deferred charges and accrued income +€3,898
up €3,898, from €0 to €3,898
- Other debts +€54,588
up €54,588 (+514.3%), from €10,615 to €65,203
- Tax, wage and social debts +€11,616
up €11,616 (+5933.4%), from €196 to €11,812
of which Taxes: +€9,058
- Profit (loss) carried forward -€4,472
no longer reported in 2025 (was €4,472)
- Gross operating margin +€89,473
up €89,473 (+49823.7%), from €180 to €89,653
- Taxes +€17,452
up €17,452 (+174519300.0%), from €0 to €17,452
- Depreciation +€3,959
new in 2025: €3,959
- Staff costs +€1,440
new in 2025: €1,440
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 | €35,792 | €98,314 | +€62,522 | +174.7% |
| Fixed assets | 21/28 | - | €29,041 | +€29,041 | |
| Tangible fixed assets | 22/27 | - | €29,041 | +€29,041 | |
| Furniture and vehicles | 24 | - | €18,294 | +€18,294 | |
| Leasing and similar rights | 25 | - | €10,747 | +€10,747 | |
| Current assets | 29/58 | €35,792 | €69,273 | +€33,481 | +93.5% |
| Amounts receivable within one year | 40/41 | €362 | €14,164 | +€13,802 | +3809.1% |
| Trade receivables | 40 | - | €11,616 | +€11,616 | |
| Other amounts receivable | 41 | €362 | €2,548 | +€2,186 | +603.2% |
| Cash at bank and in hand | 54/58 | €35,430 | €51,211 | +€15,781 | +44.5% |
| Deferred charges and accrued income | 490/1 | €0 | €3,898 | +€3,898 | |
| Total equity and liabilities | 10/49 | €35,792 | €98,314 | +€62,522 | +174.7% |
| Equity | 10/15 | €24,932 | €20,460 | -€4,472 | -17.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €4,472 | - | -€4,472 | |
| Amounts payable | 17/49 | €10,861 | €77,854 | +€66,994 | +616.9% |
| Amounts payable within one year | 42/48 | €10,861 | €77,854 | +€66,994 | +616.9% |
| Trade debts | 44 | €50 | €839 | +€790 | +1591.6% |
| Suppliers | 440/4 | €50 | €839 | +€790 | +1591.6% |
| Taxes, remuneration and social security | 45 | €196 | €11,812 | +€11,616 | +5933.4% |
| Taxes | 450/3 | €196 | €9,253 | +€9,058 | +4626.6% |
| Remuneration and social security | 454/9 | - | €2,558 | +€2,558 | |
| Other amounts payable | 47/48 | €10,615 | €65,203 | +€54,588 | +514.3% |
| Remuneration, social security and pensions | 62 | - | €1,440 | +€1,440 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,959 | +€3,959 | |
| Other operating charges | 640/8 | €538 | €1,232 | +€694 | +128.9% |
| Gross operating margin | 9900 | €180 | €89,653 | +€89,473 | +49823.7% |
| Operating profit (loss) | 9901 | -€359 | €83,022 | +€83,380 | |
| Financial charges | 65/66B | €165 | €962 | +€797 | +482.6% |
| Recurring financial charges | 65 | €165 | €962 | +€797 | +482.6% |
| Profit (loss) for the period before taxes | 9903 | -€524 | €82,059 | +€82,583 | |
| Income taxes | 67/77 | €0 | €17,452 | +€17,452 | +174519300.0% |
| Profit (loss) for the period | 9904 | -€524 | €64,607 | +€65,131 | |
| Profit (loss) for the period to be appropriated | 9905 | -€524 | €64,607 | +€65,131 |
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 9 October 2026 via checked.be.