j-j: 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.
j-j
Largest movements
- Tangible fixed assets -€23,069
down €23,069 (-6.4%), from €358,455 to €335,387
of which Land and buildings: -€17,595
- Debts after one year -€18,168
down €18,168 (-5.1%), from €353,045 to €334,878
- Profit (loss) carried forward -€15,994
down €15,994 (-11.7%), from -€136,512 to -€152,506
- Trade debts +€8,150
up €8,150 (+145.7%), from €5,595 to €13,744
- Gross operating margin -€27,789
down €27,789 (-31.9%), from €87,231 to €59,442
- Staff costs -€9,136
down €9,136 (-20.7%), from €44,205 to €35,069
- Financial charges +€6,703
up €6,703 (+87.0%), from €7,707 to €14,411
- Depreciation -€3,868
down €3,868 (-14.4%), from €26,937 to €23,069
- Other operating charges -€1,216
down €1,216 (-30.6%), from €3,975 to €2,759
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 | €380,690 | €355,661 | -€25,029 | -6.6% |
| Fixed assets | 21/28 | €358,455 | €335,387 | -€23,069 | -6.4% |
| Tangible fixed assets | 22/27 | €358,455 | €335,387 | -€23,069 | -6.4% |
| Land and buildings | 22 | €338,451 | €320,855 | -€17,595 | -5.2% |
| Plant, machinery and equipment | 23 | €5,713 | €4,143 | -€1,571 | -27.5% |
| Furniture and vehicles | 24 | €8,611 | €5,602 | -€3,010 | -35.0% |
| Other tangible fixed assets | 26 | €5,680 | €4,787 | -€893 | -15.7% |
| Current assets | 29/58 | €22,235 | €20,275 | -€1,960 | -8.8% |
| Amounts receivable within one year | 40/41 | €13,889 | €15,487 | +€1,598 | +11.5% |
| Trade receivables | 40 | €4,254 | €3,455 | -€799 | -18.8% |
| Other amounts receivable | 41 | €9,635 | €12,032 | +€2,397 | +24.9% |
| Cash at bank and in hand | 54/58 | €7,000 | €3,915 | -€3,085 | -44.1% |
| Deferred charges and accrued income | 490/1 | €1,345 | €873 | -€473 | -35.1% |
| Total equity and liabilities | 10/49 | €380,690 | €355,661 | -€25,029 | -6.6% |
| Equity | 10/15 | -€134,512 | -€150,506 | -€15,994 | -11.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€136,512 | -€152,506 | -€15,994 | -11.7% |
| Amounts payable | 17/49 | €515,202 | €506,167 | -€9,034 | -1.8% |
| Amounts payable after more than one year | 17 | €353,045 | €334,878 | -€18,168 | -5.1% |
| Financial debts | 170/4 | €353,045 | €334,878 | -€18,168 | -5.1% |
| Amounts payable within one year | 42/48 | €162,156 | €171,290 | +€9,133 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | €19,770 | €22,446 | +€2,677 | +13.5% |
| Trade debts | 44 | €5,595 | €13,744 | +€8,150 | +145.7% |
| Suppliers | 440/4 | €5,595 | €13,744 | +€8,150 | +145.7% |
| Taxes, remuneration and social security | 45 | €4,705 | €4,266 | -€439 | -9.3% |
| Taxes | 450/3 | €4,705 | €2,448 | -€2,257 | -48.0% |
| Remuneration and social security | 454/9 | - | €1,819 | +€1,819 | |
| Other amounts payable | 47/48 | €132,087 | €130,833 | -€1,254 | -0.9% |
| Remuneration, social security and pensions | 62 | €44,205 | €35,069 | -€9,136 | -20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,937 | €23,069 | -€3,868 | -14.4% |
| Other operating charges | 640/8 | €3,975 | €2,759 | -€1,216 | -30.6% |
| Gross operating margin | 9900 | €87,231 | €59,442 | -€27,789 | -31.9% |
| Operating profit (loss) | 9901 | €12,115 | -€1,454 | -€13,569 | |
| Financial income | 75/76B | €0 | €12 | +€12 | +11209.1% |
| Recurring financial income | 75 | €0 | €12 | +€12 | +11209.1% |
| Financial charges | 65/66B | €7,707 | €14,411 | +€6,703 | +87.0% |
| Recurring financial charges | 65 | €7,707 | €14,411 | +€6,703 | +87.0% |
| Profit (loss) for the period before taxes | 9903 | €4,408 | -€15,853 | -€20,261 | |
| Income taxes | 67/77 | - | €141 | +€141 | |
| Profit (loss) for the period | 9904 | €4,408 | -€15,994 | -€20,402 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,408 | -€15,994 | -€20,402 |
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 1 October 2026 via checked.be.