FJ WORKS: what changed
Two fiscal 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.
FJ WORKS
Largest movements
- Cash +€37,260
up €37,260 (+82.9%), from €44,942 to €82,202
mainly Net result for the year (+€48,172) and Depreciation (+€17,021)
- Tangible fixed assets -€13,716
down €13,716 (-42.9%), from €31,983 to €18,266
of which Furniture and vehicles: -€12,069
- Receivables within one year +€3,232
up €3,232 (+20.9%), from €15,484 to €18,716
of which Other amounts receivable: +€2,678
- Deferred charges and accrued income -€1,878
down €1,878 (-98.2%), from €1,912 to €34
- Profit (loss) carried forward +€48,172
up €48,172 (+115.8%), from €41,612 to €89,784
- Debts after one year -€15,264
down €15,264 (-100.0%), from €15,264 to €0
- Current portion of long-term debt -€8,854
down €8,854 (-100.0%), from €8,854 to €0
- Trade debts +€1,774
up €1,774 (+148.7%), from €1,193 to €2,967
- Gross operating margin +€34,615
up €34,615 (+71.9%), from €48,128 to €82,743
- Taxes +€7,412
up €7,412 (+103.1%), from €7,188 to €14,600
- Depreciation +€4,383
up €4,383 (+34.7%), from €12,638 to €17,021
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 | €94,320 | €119,219 | +€24,898 | +26.4% |
| Fixed assets | 21/28 | €31,983 | €18,266 | -€13,716 | -42.9% |
| Tangible fixed assets | 22/27 | €31,983 | €18,266 | -€13,716 | -42.9% |
| Plant, machinery and equipment | 23 | €5,568 | €4,134 | -€1,434 | -25.8% |
| Furniture and vehicles | 24 | €24,518 | €12,448 | -€12,069 | -49.2% |
| Other tangible fixed assets | 26 | €1,897 | €1,684 | -€213 | -11.2% |
| Current assets | 29/58 | €62,338 | €100,952 | +€38,615 | +61.9% |
| Amounts receivable within one year | 40/41 | €15,484 | €18,716 | +€3,232 | +20.9% |
| Trade receivables | 40 | €15,484 | €16,039 | +€554 | +3.6% |
| Other amounts receivable | 41 | - | €2,678 | +€2,678 | |
| Cash at bank and in hand | 54/58 | €44,942 | €82,202 | +€37,260 | +82.9% |
| Deferred charges and accrued income | 490/1 | €1,912 | €34 | -€1,878 | -98.2% |
| Total equity and liabilities | 10/49 | €94,320 | €119,219 | +€24,898 | +26.4% |
| Equity | 10/15 | €44,612 | €92,784 | +€48,172 | +108.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,612 | €89,784 | +€48,172 | +115.8% |
| Amounts payable | 17/49 | €49,708 | €26,435 | -€23,273 | -46.8% |
| Amounts payable after more than one year | 17 | €15,264 | €0 | -€15,264 | -100.0% |
| Financial debts | 170/4 | €15,264 | €0 | -€15,264 | -100.0% |
| Amounts payable within one year | 42/48 | €34,444 | €26,346 | -€8,098 | -23.5% |
| Current portion of amounts payable after more than one year | 42 | €8,854 | €0 | -€8,854 | -100.0% |
| Trade debts | 44 | €1,193 | €2,967 | +€1,774 | +148.7% |
| Suppliers | 440/4 | €1,193 | €2,967 | +€1,774 | +148.7% |
| Taxes, remuneration and social security | 45 | €24,305 | €23,379 | -€927 | -3.8% |
| Taxes | 450/3 | €24,305 | €23,379 | -€927 | -3.8% |
| Other amounts payable | 47/48 | €92 | €0 | -€92 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €89 | +€89 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,638 | €17,021 | +€4,383 | +34.7% |
| Other operating charges | 640/8 | €904 | €793 | -€111 | -12.3% |
| Gross operating margin | 9900 | €48,128 | €82,743 | +€34,615 | +71.9% |
| Operating profit (loss) | 9901 | €34,586 | €64,929 | +€30,343 | +87.7% |
| Financial income | 75/76B | €0 | €70 | +€70 | |
| Recurring financial income | 75 | €0 | €70 | +€70 | |
| Financial charges | 65/66B | €2,805 | €2,228 | -€577 | -20.6% |
| Recurring financial charges | 65 | €2,805 | €2,228 | -€577 | -20.6% |
| Profit (loss) for the period before taxes | 9903 | €31,781 | €62,771 | +€30,990 | +97.5% |
| Income taxes | 67/77 | €7,188 | €14,600 | +€7,412 | +103.1% |
| Profit (loss) for the period | 9904 | €24,593 | €48,172 | +€23,578 | +95.9% |
| Profit (loss) for the period to be appropriated | 9905 | €24,593 | €48,172 | +€23,578 | +95.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.