J.a.Y: 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.
J.a.Y
Largest movements
- Receivables within one year -€31,395
down €31,395 (-99.2%), from €31,636 to €240
of which Trade receivables: -€31,405
- Tangible fixed assets -€7,616
down €7,616 (-3.7%), from €203,830 to €196,214
of which Land and buildings: -€6,841
- Cash +€7,361
up €7,361 (+4,162%), from €177 to €7,538
mainly Net result for the year (+€37,196) and Receivables within one year (+€31,395)
- Deferred charges and accrued income +€2,416
new in 2025: €2,416
- Debts after one year -€27,494
down €27,494 (-20.7%), from €132,937 to €105,443
- Other debts -€12,083
down €12,083 (-16.5%), from €73,067 to €60,983
- Current portion of long-term debt +€7,192
up €7,192 (+51.9%), from €13,856 to €21,048
- Trade debts +€3,943
up €3,943 (+172%), from €2,298 to €6,242
- Taxes +€8,812
up €8,812 (+173%), from €5,094 to €13,906
- Gross operating margin +€6,443
up €6,443 (+9.9%), from €64,815 to €71,258
- Depreciation +€834
up €834 (+8.0%), from €10,440 to €11,274
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 | €235,643 | €206,408 | -€29,234 | -12.4% |
| Fixed assets | 21/28 | €203,830 | €196,214 | -€7,616 | -3.7% |
| Tangible fixed assets | 22/27 | €203,830 | €196,214 | -€7,616 | -3.7% |
| Land and buildings | 22 | €202,296 | €195,454 | -€6,841 | -3.4% |
| Plant, machinery and equipment | 23 | €1,535 | €760 | -€775 | -50.5% |
| Current assets | 29/58 | €31,812 | €10,194 | -€21,618 | -68.0% |
| Amounts receivable within one year | 40/41 | €31,636 | €240 | -€31,395 | -99.2% |
| Trade receivables | 40 | €31,636 | €231 | -€31,405 | -99.3% |
| Other amounts receivable | 41 | - | €10 | +€10 | |
| Cash at bank and in hand | 54/58 | €177 | €7,538 | +€7,361 | +4,162% |
| Deferred charges and accrued income | 490/1 | - | €2,416 | +€2,416 | |
| Total equity and liabilities | 10/49 | €235,643 | €206,408 | -€29,234 | -12.4% |
| Equity | 10/15 | €2,000 | €2,000 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Amounts payable | 17/49 | €233,643 | €204,408 | -€29,234 | -12.5% |
| Amounts payable after more than one year | 17 | €132,937 | €105,443 | -€27,494 | -20.7% |
| Financial debts | 170/4 | €132,937 | €105,443 | -€27,494 | -20.7% |
| Amounts payable within one year | 42/48 | €100,550 | €98,783 | -€1,767 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €13,856 | €21,048 | +€7,192 | +51.9% |
| Trade debts | 44 | €2,298 | €6,242 | +€3,943 | +172% |
| Suppliers | 440/4 | €2,298 | €6,242 | +€3,943 | +172% |
| Taxes, remuneration and social security | 45 | €11,329 | €10,510 | -€819 | -7.2% |
| Taxes | 450/3 | €11,329 | €10,510 | -€819 | -7.2% |
| Other amounts payable | 47/48 | €73,067 | €60,983 | -€12,083 | -16.5% |
| Accrued charges and deferred income | 492/3 | €155 | €182 | +€27 | +17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,440 | €11,274 | +€834 | +8.0% |
| Other operating charges | 640/8 | €3,674 | €3,443 | -€231 | -6.3% |
| Gross operating margin | 9900 | €64,815 | €71,258 | +€6,443 | +9.9% |
| Operating profit (loss) | 9901 | €50,701 | €56,540 | +€5,839 | +11.5% |
| Financial income | 75/76B | €87 | €0 | -€87 | -100.0% |
| Recurring financial income | 75 | €87 | €0 | -€87 | -100.0% |
| Financial charges | 65/66B | €5,914 | €5,439 | -€475 | -8.0% |
| Recurring financial charges | 65 | €5,914 | €5,439 | -€475 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €44,874 | €51,102 | +€6,228 | +13.9% |
| Income taxes | 67/77 | €5,094 | €13,906 | +€8,812 | +173% |
| Profit (loss) for the period | 9904 | €39,780 | €37,196 | -€2,584 | -6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €39,780 | €37,196 | -€2,584 | -6.5% |
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 23 October 2026 via checked.be.