FJV: 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.
FJV
Largest movements
- Cash +€73,750
up €73,750 (+242.9%), from €30,366 to €104,116
mainly Other debts (+€125,000) and Net result for the year (+€77,089)
- Receivables within one year +€13,750
up €13,750 (+88.1%), from €15,611 to €29,361
- Deferred charges and accrued income -€7,098
down €7,098 (-58.1%), from €12,219 to €5,121
- Other debts +€125,000
new in 2025: €125,000
- Reserves -€47,911
down €47,911 (-36.8%), from €130,245 to €82,335
- Trade debts +€3,936
up €3,936 (+461.1%), from €854 to €4,790
- Gross operating margin +€21,242
up €21,242 (+29.5%), from €72,013 to €93,254
- Taxes +€4,090
up €4,090 (+25.9%), from €15,796 to €19,887
- Financial income +€2,378
up €2,378 (+86.7%), from €2,742 to €5,121
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 | €158,196 | €238,598 | +€80,401 | +50.8% |
| Current assets | 29/58 | €158,196 | €238,598 | +€80,401 | +50.8% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €15,611 | €29,361 | +€13,750 | +88.1% |
| Trade receivables | 40 | €15,611 | €29,361 | +€13,750 | +88.1% |
| Cash at bank and in hand | 54/58 | €30,366 | €104,116 | +€73,750 | +242.9% |
| Deferred charges and accrued income | 490/1 | €12,219 | €5,121 | -€7,098 | -58.1% |
| Total equity and liabilities | 10/49 | €158,196 | €238,598 | +€80,401 | +50.8% |
| Equity | 10/15 | €135,245 | €87,335 | -€47,911 | -35.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €130,245 | €82,335 | -€47,911 | -36.8% |
| Distributable reserves | 133 | €130,245 | €82,335 | -€47,911 | -36.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €22,951 | €151,263 | +€128,312 | +559.1% |
| Amounts payable within one year | 42/48 | €22,951 | €151,263 | +€128,312 | +559.1% |
| Trade debts | 44 | €854 | €4,790 | +€3,936 | +461.1% |
| Suppliers | 440/4 | €854 | €4,790 | +€3,936 | +461.1% |
| Taxes, remuneration and social security | 45 | €22,097 | €21,473 | -€624 | -2.8% |
| Taxes | 450/3 | €16,025 | €9,329 | -€6,696 | -41.8% |
| Remuneration and social security | 454/9 | €6,072 | €12,144 | +€6,072 | +100.0% |
| Other amounts payable | 47/48 | - | €125,000 | +€125,000 | |
| Other operating charges | 640/8 | - | €906 | +€906 | |
| Gross operating margin | 9900 | €72,013 | €93,254 | +€21,242 | +29.5% |
| Operating profit (loss) | 9901 | €72,013 | €92,349 | +€20,336 | +28.2% |
| Financial income | 75/76B | €2,742 | €5,121 | +€2,378 | +86.7% |
| Recurring financial income | 75 | €2,742 | €5,121 | +€2,378 | +86.7% |
| Financial charges | 65/66B | €307 | €493 | +€186 | +60.6% |
| Recurring financial charges | 65 | €307 | €493 | +€186 | +60.6% |
| Profit (loss) for the period before taxes | 9903 | €74,448 | €96,976 | +€22,528 | +30.3% |
| Income taxes | 67/77 | €15,796 | €19,887 | +€4,090 | +25.9% |
| Profit (loss) for the period | 9904 | €58,652 | €77,089 | +€18,438 | +31.4% |
| Profit (loss) for the period to be appropriated | 9905 | €58,652 | €77,089 | +€18,438 | +31.4% |
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.