GJ & A: 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.
GJ & A
Largest movements
- Cash +€49,066
up €49,066 (+293.7%), from €16,707 to €65,773
mainly Net result for the year (+€41,101) and Stocks and contracts (+€5,000)
- Stocks and contracts -€5,000
down €5,000 (-2.4%), from €205,000 to €200,000
- Profit (loss) carried forward +€41,101
up €41,101 (+518.0%), from €7,935 to €49,036
- Gross operating margin +€40,823
up €40,823 (+265.3%), from €15,388 to €56,211
- Other operating charges -€25,001
down €25,001 (-78.8%), from €31,746 to €6,745
- Taxes +€7,665
new in 2025: €7,665
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 | €230,264 | €273,662 | +€43,398 | +18.8% |
| Fixed assets | 21/28 | €2,244 | €1,335 | -€909 | -40.5% |
| Tangible fixed assets | 22/27 | €2,244 | €1,335 | -€909 | -40.5% |
| Furniture and vehicles | 24 | €2,244 | €1,335 | -€909 | -40.5% |
| Current assets | 29/58 | €228,020 | €272,327 | +€44,307 | +19.4% |
| Stocks and contracts in progress | 3 | €205,000 | €200,000 | -€5,000 | -2.4% |
| Stocks | 30/36 | €205,000 | €200,000 | -€5,000 | -2.4% |
| Amounts receivable within one year | 40/41 | €6,313 | €6,554 | +€240 | +3.8% |
| Trade receivables | 40 | €2,420 | €2,420 | = | 0.0% |
| Other amounts receivable | 41 | €3,893 | €4,134 | +€240 | +6.2% |
| Cash at bank and in hand | 54/58 | €16,707 | €65,773 | +€49,066 | +293.7% |
| Total equity and liabilities | 10/49 | €230,264 | €273,662 | +€43,398 | +18.8% |
| Equity | 10/15 | €14,235 | €55,336 | +€41,101 | +288.7% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,935 | €49,036 | +€41,101 | +518.0% |
| Amounts payable | 17/49 | €216,029 | €218,327 | +€2,297 | +1.1% |
| Amounts payable after more than one year | 17 | €215,000 | €215,000 | = | 0.0% |
| Financial debts | 170/4 | €215,000 | €215,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,029 | €3,327 | +€2,297 | +223.2% |
| Trade debts | 44 | €404 | €143 | -€261 | -64.6% |
| Suppliers | 440/4 | €404 | €143 | -€261 | -64.6% |
| Taxes, remuneration and social security | 45 | €625 | €3,184 | +€2,559 | +409.4% |
| Taxes | 450/3 | €625 | €3,184 | +€2,559 | +409.4% |
| Non-recurring operating income | 76A | €17,126 | €701 | -€16,425 | -95.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €482 | €909 | +€427 | +88.7% |
| Other operating charges | 640/8 | €31,746 | €6,745 | -€25,001 | -78.8% |
| Gross operating margin | 9900 | €15,388 | €56,211 | +€40,823 | +265.3% |
| Operating profit (loss) | 9901 | -€16,839 | €48,558 | +€65,397 | |
| Financial income | 75/76B | €160 | €286 | +€125 | +78.1% |
| Recurring financial income | 75 | €160 | €286 | +€125 | +78.1% |
| Financial charges | 65/66B | €73 | €78 | +€5 | +6.3% |
| Recurring financial charges | 65 | €73 | €78 | +€5 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | -€16,752 | €48,766 | +€65,518 | |
| Income taxes | 67/77 | - | €7,665 | +€7,665 | |
| Profit (loss) for the period | 9904 | -€16,752 | €41,101 | +€57,853 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,752 | €41,101 | +€57,853 |
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 5 October 2026 via checked.be.