FJJW: 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.
FJJW
Largest movements
- Tangible fixed assets +€877,389
up €877,389 (+149.5%), from €587,035 to €1.5m
- Current investments -€350,000
no longer reported in 2025 (was €350,000)
- Cash +€84,441
up €84,441 (+268.1%), from €31,500 to €115,941
mainly Debts after one year (+€485,429) and Current investments (+€350,000)
- Debts after one year +€485,429
up €485,429 (+63.9%), from €759,915 to €1.2m
- Trade debts +€147,133
up €147,133 (+868.6%), from €16,940 to €164,073
- Profit (loss) carried forward -€46,138
down €46,138 (-175.3%), from -€26,320 to -€72,458
- Current portion of long-term debt +€24,656
new in 2025: €24,656
- Depreciation +€20,085
up €20,085 (+263.7%), from €7,618 to €27,702
- Financial charges +€14,856
up €14,856 (+312.1%), from €4,760 to €19,616
- Financial income +€9,800
new in 2025: €9,800
- Gross operating margin -€998
down €998 (-13.8%), from -€7,237 to -€8,235
- Other operating charges +€162
up €162 (+72.3%), from €224 to €385
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 | €968,535 | €1,580,365 | +€611,830 | +63.2% |
| Fixed assets | 21/28 | €587,035 | €1,464,424 | +€877,389 | +149.5% |
| Tangible fixed assets | 22/27 | €587,035 | €1,464,424 | +€877,389 | +149.5% |
| Land and buildings | 22 | €587,035 | €1,464,424 | +€877,389 | +149.5% |
| Current assets | 29/58 | €381,500 | €115,941 | -€265,559 | -69.6% |
| Current investments | 50/53 | €350,000 | - | -€350,000 | |
| Cash at bank and in hand | 54/58 | €31,500 | €115,941 | +€84,441 | +268.1% |
| Total equity and liabilities | 10/49 | €968,535 | €1,580,365 | +€611,830 | +63.2% |
| Equity | 10/15 | €91,680 | €45,542 | -€46,138 | -50.3% |
| Contributions | 10/11 | €118,000 | €118,000 | = | 0.0% |
| Outside capital | 11 | €118,000 | €118,000 | = | 0.0% |
| Other | 1109/19 | €118,000 | €118,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,320 | -€72,458 | -€46,138 | -175.3% |
| Amounts payable | 17/49 | €876,855 | €1,534,823 | +€657,968 | +75.0% |
| Amounts payable after more than one year | 17 | €759,915 | €1,245,344 | +€485,429 | +63.9% |
| Financial debts | 170/4 | €759,915 | €1,245,344 | +€485,429 | +63.9% |
| Amounts payable within one year | 42/48 | €116,940 | €289,479 | +€172,539 | +147.5% |
| Current portion of amounts payable after more than one year | 42 | - | €24,656 | +€24,656 | |
| Trade debts | 44 | €16,940 | €164,073 | +€147,133 | +868.6% |
| Suppliers | 440/4 | €16,940 | €164,073 | +€147,133 | +868.6% |
| Other amounts payable | 47/48 | €100,000 | €100,750 | +€750 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,618 | €27,702 | +€20,085 | +263.7% |
| Other operating charges | 640/8 | €224 | €385 | +€162 | +72.3% |
| Gross operating margin | 9900 | -€7,237 | -€8,235 | -€998 | -13.8% |
| Operating profit (loss) | 9901 | -€15,078 | -€36,323 | -€21,244 | -140.9% |
| Financial income | 75/76B | - | €9,800 | +€9,800 | |
| Recurring financial income | 75 | - | €9,800 | +€9,800 | |
| Financial charges | 65/66B | €4,760 | €19,616 | +€14,856 | +312.1% |
| Recurring financial charges | 65 | €4,760 | €19,616 | +€14,856 | +312.1% |
| Profit (loss) for the period before taxes | 9903 | -€19,838 | -€46,138 | -€26,300 | -132.6% |
| Profit (loss) for the period | 9904 | -€19,838 | -€46,138 | -€26,300 | -132.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,838 | -€46,138 | -€26,300 | -132.6% |
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 7 October 2026 via checked.be.