FJC: 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.
FJC
Largest movements
- Tangible fixed assets -€37,926
down €37,926 (-16.4%), from €230,975 to €193,049
- Cash -€4,823
down €4,823 (-10.6%), from €45,668 to €40,845
mainly Tax, wage and social debts (-€20,228) and Debts after one year (-€19,752)
- Tax, wage and social debts -€20,228
down €20,228 (-39.2%), from €51,603 to €31,375
of which Taxes: -€24,656
- Debts after one year -€19,752
down €19,752 (-22.6%), from €87,214 to €67,462
- Current portion of long-term debt -€4,400
down €4,400 (-18.5%), from €23,801 to €19,400
- Other debts -€3,450
no longer reported in 2025 (was €3,450)
- Depreciation +€12,442
up €12,442 (+42.0%), from €29,615 to €42,056
- Financial charges -€2,304
down €2,304 (-30.0%), from €7,679 to €5,374
- Staff costs +€1,864
up €1,864 (+2.4%), from €77,086 to €78,950
- Gross operating margin +€1,856
up €1,856 (+1.4%), from €131,996 to €133,852
- Taxes +€1,531
up €1,531 (+243%), from €629 to €2,160
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 | €297,578 | €252,508 | -€45,070 | -15.1% |
| Fixed assets | 21/28 | €231,025 | €193,099 | -€37,926 | -16.4% |
| Tangible fixed assets | 22/27 | €230,975 | €193,049 | -€37,926 | -16.4% |
| Land and buildings | 22 | €191,224 | €174,784 | -€16,441 | -8.6% |
| Plant, machinery and equipment | 23 | €8,377 | €3,017 | -€5,361 | -64.0% |
| Furniture and vehicles | 24 | €26,302 | €12,211 | -€14,091 | -53.6% |
| Leasing and similar rights | 25 | €5,071 | €3,037 | -€2,034 | -40.1% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €66,553 | €59,409 | -€7,144 | -10.7% |
| Stocks and contracts in progress | 3 | €5,908 | €5,054 | -€853 | -14.4% |
| Stocks | 30/36 | €5,908 | €5,054 | -€853 | -14.4% |
| Amounts receivable within one year | 40/41 | €10,166 | €10,238 | +€72 | +0.7% |
| Trade receivables | 40 | €2,281 | €2,243 | -€38 | -1.7% |
| Other amounts receivable | 41 | €7,885 | €7,995 | +€110 | +1.4% |
| Cash at bank and in hand | 54/58 | €45,668 | €40,845 | -€4,823 | -10.6% |
| Deferred charges and accrued income | 490/1 | €4,812 | €3,272 | -€1,540 | -32.0% |
| Total equity and liabilities | 10/49 | €297,578 | €252,508 | -€45,070 | -15.1% |
| Equity | 10/15 | €126,418 | €126,781 | +€364 | +0.3% |
| Contributions | 10/11 | €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% |
| Profit (loss) carried forward | 14 | €105,958 | €106,321 | +€364 | +0.3% |
| Amounts payable | 17/49 | €171,161 | €125,727 | -€45,434 | -26.5% |
| Amounts payable after more than one year | 17 | €87,214 | €67,462 | -€19,752 | -22.6% |
| Financial debts | 170/4 | €87,214 | €67,462 | -€19,752 | -22.6% |
| Amounts payable within one year | 42/48 | €83,947 | €57,761 | -€26,186 | -31.2% |
| Current portion of amounts payable after more than one year | 42 | €23,801 | €19,400 | -€4,400 | -18.5% |
| Trade debts | 44 | €5,093 | €6,985 | +€1,892 | +37.2% |
| Suppliers | 440/4 | €5,093 | €6,985 | +€1,892 | +37.2% |
| Taxes, remuneration and social security | 45 | €51,603 | €31,375 | -€20,228 | -39.2% |
| Taxes | 450/3 | €35,616 | €10,960 | -€24,656 | -69.2% |
| Remuneration and social security | 454/9 | €15,987 | €20,415 | +€4,428 | +27.7% |
| Other amounts payable | 47/48 | €3,450 | - | -€3,450 | |
| Accrued charges and deferred income | 492/3 | €0 | €504 | +€504 | |
| Remuneration, social security and pensions | 62 | €77,086 | €78,950 | +€1,864 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,615 | €42,056 | +€12,442 | +42.0% |
| Other operating charges | 640/8 | €4,000 | €4,947 | +€948 | +23.7% |
| Non-recurring operating charges | 66A | €17,055 | - | -€17,055 | |
| Gross operating margin | 9900 | €131,996 | €133,852 | +€1,856 | +1.4% |
| Operating profit (loss) | 9901 | €4,241 | €7,898 | +€3,658 | +86.3% |
| Financial income | 75/76B | €5 | €0 | -€5 | -99.8% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -99.8% |
| Financial charges | 65/66B | €7,679 | €5,374 | -€2,304 | -30.0% |
| Recurring financial charges | 65 | €7,679 | €5,374 | -€2,304 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,433 | €2,524 | +€5,958 | |
| Income taxes | 67/77 | €629 | €2,160 | +€1,531 | +243% |
| Profit (loss) for the period | 9904 | -€4,062 | €364 | +€4,426 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,062 | €364 | +€4,426 |
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 25 October 2026 via checked.be.