EJP 126: 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.
EJP 126
Largest movements
- Cash -€9,860
down €9,860 (-28.1%), from €35,046 to €25,186
mainly Net result for the year (-€16,230) and Other debts (-€1,469)
- Receivables after one year -€6,000
no longer reported in 2025 (was €6,000)
- Tangible fixed assets -€1,911
down €1,911 (-20.5%), from €9,332 to €7,421
of which Other tangible fixed assets: -€1,244
- Reserves -€16,230
down €16,230 (-40.8%), from €39,758 to €23,528
of which Distributable reserves: -€16,230
- Other debts -€1,469
down €1,469 (-30.2%), from €4,863 to €3,394
- Gross operating margin -€18,074
down €18,074, from €5,709 to -€12,366
- Taxes -€2,035
down €2,035 (-91.2%), from €2,232 to €197
- Other operating charges +€231
up €231 (+22.0%), from €1,048 to €1,278
- Depreciation +€172
up €172 (+10.5%), from €1,630 to €1,802
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 | €66,547 | €49,006 | -€17,541 | -26.4% |
| Fixed assets | 21/28 | €9,332 | €7,421 | -€1,911 | -20.5% |
| Tangible fixed assets | 22/27 | €9,332 | €7,421 | -€1,911 | -20.5% |
| Furniture and vehicles | 24 | €1,707 | €1,040 | -€667 | -39.1% |
| Other tangible fixed assets | 26 | €7,625 | €6,381 | -€1,244 | -16.3% |
| Current assets | 29/58 | €57,215 | €41,586 | -€15,630 | -27.3% |
| Amounts receivable after more than one year | 29 | €6,000 | - | -€6,000 | |
| Other amounts receivable | 291 | €6,000 | - | -€6,000 | |
| Amounts receivable within one year | 40/41 | €15,532 | €15,751 | +€219 | +1.4% |
| Trade receivables | 40 | €9,442 | €12,836 | +€3,394 | +35.9% |
| Other amounts receivable | 41 | €6,089 | €2,914 | -€3,175 | -52.1% |
| Cash at bank and in hand | 54/58 | €35,046 | €25,186 | -€9,860 | -28.1% |
| Deferred charges and accrued income | 490/1 | €638 | €649 | +€11 | +1.8% |
| Total equity and liabilities | 10/49 | €66,547 | €49,006 | -€17,541 | -26.4% |
| Equity | 10/15 | €52,158 | €35,928 | -€16,230 | -31.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €39,758 | €23,528 | -€16,230 | -40.8% |
| Tax-exempt reserves | 132 | €49 | €49 | = | 0.0% |
| Distributable reserves | 133 | €39,709 | €23,479 | -€16,230 | -40.9% |
| Amounts payable | 17/49 | €14,389 | €13,078 | -€1,311 | -9.1% |
| Amounts payable within one year | 42/48 | €13,883 | €12,372 | -€1,511 | -10.9% |
| Trade debts | 44 | €6,957 | €6,970 | +€12 | +0.2% |
| Suppliers | 440/4 | €6,957 | €6,970 | +€12 | +0.2% |
| Taxes, remuneration and social security | 45 | €2,062 | €2,008 | -€54 | -2.6% |
| Taxes | 450/3 | €2,062 | €2,008 | -€54 | -2.6% |
| Other amounts payable | 47/48 | €4,863 | €3,394 | -€1,469 | -30.2% |
| Accrued charges and deferred income | 492/3 | €506 | €706 | +€200 | +39.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,630 | €1,802 | +€172 | +10.5% |
| Other operating charges | 640/8 | €1,048 | €1,278 | +€231 | +22.0% |
| Non-recurring operating charges | 66A | - | €109 | +€109 | |
| Gross operating margin | 9900 | €5,709 | -€12,366 | -€18,074 | |
| Operating profit (loss) | 9901 | €3,031 | -€15,555 | -€18,586 | |
| Financial income | 75/76B | €6 | €3 | -€3 | -55.4% |
| Recurring financial income | 75 | €6 | €3 | -€3 | -55.4% |
| Financial charges | 65/66B | €397 | €481 | +€84 | +21.1% |
| Recurring financial charges | 65 | €397 | €481 | +€84 | +21.1% |
| Profit (loss) for the period before taxes | 9903 | €2,640 | -€16,033 | -€18,673 | |
| Income taxes | 67/77 | €2,232 | €197 | -€2,035 | -91.2% |
| Profit (loss) for the period | 9904 | €408 | -€16,230 | -€16,638 | |
| Profit (loss) for the period to be appropriated | 9905 | €408 | -€16,230 | -€16,638 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.