FJMA: 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.
FJMA
Largest movements
- Cash +€26,033
up €26,033 (+15.4%), from €168,960 to €194,994
mainly Net result for the year (+€91,007) and Other debts (+€45,000)
- Debts after one year -€80,000
down €80,000 (-8.7%), from €920,000 to €840,000
of which Financial debts: -€80,000
- Profit (loss) carried forward +€46,007
up €46,007 (+6.1%), from €755,868 to €801,874
- Other debts +€45,000
new in 2025: €45,000
- Financial income -€111,462
down €111,462 (-55.3%), from €201,457 to €89,995
- Gross operating margin -€6,082
down €6,082 (-25.9%), from €23,523 to €17,441
- Taxes -€683
down €683 (-15.6%), from €4,390 to €3,707
- Financial charges -€634
down €634 (-15.7%), from €4,032 to €3,397
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 | €1,790,977 | €1,797,822 | +€6,846 | +0.4% |
| Fixed assets | 21/28 | €1,611,155 | €1,602,829 | -€8,327 | -0.5% |
| Tangible fixed assets | 22/27 | €11,155 | €2,829 | -€8,327 | -74.6% |
| Furniture and vehicles | 24 | €11,155 | €2,829 | -€8,327 | -74.6% |
| Financial fixed assets | 28 | €1,600,000 | €1,600,000 | = | 0.0% |
| Current assets | 29/58 | €179,822 | €194,994 | +€15,172 | +8.4% |
| Amounts receivable within one year | 40/41 | €10,861 | - | -€10,861 | |
| Trade receivables | 40 | €10,842 | - | -€10,842 | |
| Other amounts receivable | 41 | €20 | - | -€20 | |
| Cash at bank and in hand | 54/58 | €168,960 | €194,994 | +€26,033 | +15.4% |
| Total equity and liabilities | 10/49 | €1,790,977 | €1,797,822 | +€6,846 | +0.4% |
| Equity | 10/15 | €775,868 | €821,874 | +€46,007 | +5.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €755,868 | €801,874 | +€46,007 | +6.1% |
| Amounts payable | 17/49 | €1,015,109 | €975,948 | -€39,161 | -3.9% |
| Amounts payable after more than one year | 17 | €920,000 | €840,000 | -€80,000 | -8.7% |
| Financial debts | 170/4 | €320,000 | €240,000 | -€80,000 | -25.0% |
| Other amounts payable | 178/9 | €600,000 | €600,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €95,109 | €135,948 | +€40,839 | +42.9% |
| Current portion of amounts payable after more than one year | 42 | €80,000 | €80,000 | = | 0.0% |
| Trade debts | 44 | €1,409 | €1,543 | +€134 | +9.5% |
| Suppliers | 440/4 | €1,409 | €1,543 | +€134 | +9.5% |
| Taxes, remuneration and social security | 45 | €13,700 | €9,405 | -€4,295 | -31.3% |
| Taxes | 450/3 | €13,700 | €9,405 | -€4,295 | -31.3% |
| Other amounts payable | 47/48 | - | €45,000 | +€45,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,327 | €8,327 | = | 0.0% |
| Other operating charges | 640/8 | €1,031 | €998 | -€32 | -3.1% |
| Gross operating margin | 9900 | €23,523 | €17,441 | -€6,082 | -25.9% |
| Operating profit (loss) | 9901 | €14,166 | €8,116 | -€6,050 | -42.7% |
| Financial income | 75/76B | €201,457 | €89,995 | -€111,462 | -55.3% |
| Recurring financial income | 75 | €201,457 | €89,995 | -€111,462 | -55.3% |
| Financial charges | 65/66B | €4,032 | €3,397 | -€634 | -15.7% |
| Recurring financial charges | 65 | €4,032 | €3,397 | -€634 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €211,591 | €94,714 | -€116,878 | -55.2% |
| Income taxes | 67/77 | €4,390 | €3,707 | -€683 | -15.6% |
| Profit (loss) for the period | 9904 | €207,201 | €91,007 | -€116,194 | -56.1% |
| Profit (loss) for the period to be appropriated | 9905 | €207,201 | €91,007 | -€116,194 | -56.1% |
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.