IJAM: 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.
IJAM
Largest movements
- Stocks and contracts -€12,570
down €12,570 (-33.5%), from €37,570 to €25,000
- Cash -€3,967
down €3,967 (-32.2%), from €12,337 to €8,370
mainly Net result for the year (-€27,543) and Tax, wage and social debts (-€4,020)
- Receivables within one year +€3,000
up €3,000 (+100.0%), from €3,000 to €6,000
of which Other amounts receivable: +€3,000
- Tangible fixed assets +€1,235
new in 2025: €1,235
- Profit (loss) carried forward -€27,543
down €27,543, from €19,688 to -€7,855
- Other debts +€18,883
up €18,883 (+226.9%), from €8,323 to €27,207
- Tax, wage and social debts -€4,020
down €4,020 (-75.8%), from €5,301 to €1,282
- Gross operating margin +€7,846
up €7,846 (+23.4%), from -€33,569 to -€25,723
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 | €52,907 | €40,688 | -€12,219 | -23.1% |
| Fixed assets | 21/28 | - | €1,235 | +€1,235 | |
| Tangible fixed assets | 22/27 | - | €1,235 | +€1,235 | |
| Plant, machinery and equipment | 23 | - | €1,235 | +€1,235 | |
| Current assets | 29/58 | €52,907 | €39,453 | -€13,454 | -25.4% |
| Stocks and contracts in progress | 3 | €37,570 | €25,000 | -€12,570 | -33.5% |
| Stocks | 30/36 | €37,570 | €25,000 | -€12,570 | -33.5% |
| Amounts receivable within one year | 40/41 | €3,000 | €6,000 | +€3,000 | +100.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €3,000 | €6,000 | +€3,000 | +100.0% |
| Cash at bank and in hand | 54/58 | €12,337 | €8,370 | -€3,967 | -32.2% |
| Deferred charges and accrued income | 490/1 | €0 | €83 | +€83 | |
| Total equity and liabilities | 10/49 | €52,907 | €40,688 | -€12,219 | -23.1% |
| Equity | 10/15 | €39,282 | €11,739 | -€27,543 | -70.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €994 | €994 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | €994 | +€994 | |
| Reserves not available under the articles | 1311 | €0 | €994 | +€994 | |
| Distributable reserves | 133 | €994 | €0 | -€994 | -100.0% |
| Profit (loss) carried forward | 14 | €19,688 | -€7,855 | -€27,543 | |
| Amounts payable | 17/49 | €13,625 | €28,949 | +€15,324 | +112.5% |
| Amounts payable within one year | 42/48 | €13,625 | €28,949 | +€15,324 | +112.5% |
| Trade debts | 44 | €0 | €460 | +€460 | |
| Suppliers | 440/4 | €0 | €460 | +€460 | |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €5,301 | €1,282 | -€4,020 | -75.8% |
| Taxes | 450/3 | €5,301 | €1,282 | -€4,020 | -75.8% |
| Other amounts payable | 47/48 | €8,323 | €27,207 | +€18,883 | +226.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €50 | +€50 | |
| Other operating charges | 640/8 | €1,278 | €1,436 | +€159 | +12.4% |
| Gross operating margin | 9900 | -€33,569 | -€25,723 | +€7,846 | +23.4% |
| Operating profit (loss) | 9901 | -€34,847 | -€27,209 | +€7,638 | +21.9% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €374 | €334 | -€40 | -10.7% |
| Recurring financial charges | 65 | €374 | €334 | -€40 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | -€35,220 | -€27,543 | +€7,677 | +21.8% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€35,220 | -€27,543 | +€7,677 | +21.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,220 | -€27,543 | +€7,677 | +21.8% |
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 4 October 2026 via checked.be.