It's James: 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.
It's James
Largest movements
- Receivables within one year -€61,232
down €61,232 (-73.5%), from €83,340 to €22,107
of which Other amounts receivable: -€47,785
- Tangible fixed assets -€997
down €997 (-44.7%), from €2,233 to €1,235
- Profit (loss) carried forward -€102,320
down €102,320 (-21.1%), from -€485,979 to -€588,300
- Other debts +€57,444
up €57,444 (+12.2%), from €471,198 to €528,642
- Trade debts -€16,949
down €16,949 (-39.1%), from €43,340 to €26,390
- Turnover -€152,653
down €152,653 (-70.6%), from €216,328 to €63,675
- Purchases and services -€105,433
down €105,433 (-42.4%), from €248,737 to €143,304
- Gross operating margin -€45,231
down €45,231 (-140%), from -€32,409 to -€77,641
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.
Derived cash bridge
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 | €90,558 | €28,732 | -€61,826 | -68.3% |
| Fixed assets | 21/28 | €2,233 | €1,235 | -€997 | -44.7% |
| Tangible fixed assets | 22/27 | €2,233 | €1,235 | -€997 | -44.7% |
| Plant, machinery and equipment | 23 | €2,233 | €1,235 | -€997 | -44.7% |
| Current assets | 29/58 | €88,326 | €27,497 | -€60,829 | -68.9% |
| Amounts receivable within one year | 40/41 | €83,340 | €22,107 | -€61,232 | -73.5% |
| Trade receivables | 40 | €34,493 | €21,046 | -€13,447 | -39.0% |
| Other amounts receivable | 41 | €48,846 | €1,061 | -€47,785 | -97.8% |
| Cash at bank and in hand | 54/58 | €4,986 | €4,983 | -€3 | -0.1% |
| Deferred charges and accrued income | 490/1 | - | €407 | +€407 | |
| Total equity and liabilities | 10/49 | €90,558 | €28,732 | -€61,826 | -68.3% |
| Equity | 10/15 | -€423,979 | -€526,300 | -€102,320 | -24.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€485,979 | -€588,300 | -€102,320 | -21.1% |
| Amounts payable | 17/49 | €514,538 | €555,032 | +€40,494 | +7.9% |
| Amounts payable within one year | 42/48 | €514,538 | €555,032 | +€40,494 | +7.9% |
| Trade debts | 44 | €43,340 | €26,390 | -€16,949 | -39.1% |
| Suppliers | 440/4 | €43,340 | €26,390 | -€16,949 | -39.1% |
| Other amounts payable | 47/48 | €471,198 | €528,642 | +€57,444 | +12.2% |
| Turnover | 70 | €216,328 | €63,675 | -€152,653 | -70.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €248,737 | €143,304 | -€105,433 | -42.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €760 | €997 | +€238 | +31.3% |
| Other operating charges | 640/8 | €728 | €843 | +€114 | +15.7% |
| Gross operating margin | 9900 | -€32,409 | -€77,641 | -€45,231 | -140% |
| Operating profit (loss) | 9901 | -€33,897 | -€79,481 | -€45,584 | -134% |
| Financial charges | 65/66B | €24,729 | €22,840 | -€1,890 | -7.6% |
| Recurring financial charges | 65 | €24,729 | €22,840 | -€1,890 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | -€58,626 | -€102,320 | -€43,694 | -74.5% |
| Profit (loss) for the period | 9904 | -€58,626 | -€102,320 | -€43,694 | -74.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€58,626 | -€102,320 | -€43,694 | -74.5% |
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 20 October 2026 via checked.be.