J-R T: 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-R T
Largest movements
- Receivables within one year -€6,158
down €6,158 (-29.7%), from €20,750 to €14,592
of which Trade receivables: -€5,733
- Cash -€1,696
down €1,696 (-3.3%), from €52,050 to €50,354
mainly Contributions, distributions and other (-€21,000) and Other debts (-€19,491)
- Other debts -€19,491
down €19,491 (-75.1%), from €25,949 to €6,458
- Profit (loss) carried forward +€12,993
up €12,993 (+4,405%), from €295 to €13,288
- Tax, wage and social debts -€3,868
down €3,868 (-12.0%), from €32,157 to €28,289
of which Remuneration and social security: -€4,438
- Trade debts +€1,914
up €1,914 (+250%), from €764 to €2,678
- Gross operating margin +€9,949
up €9,949 (+22.2%), from €44,900 to €54,849
- Write-downs +€4,637
new in 2025: €4,637
- Taxes +€1,319
up €1,319 (+10.6%), from €12,476 to €13,794
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 | €77,765 | €69,313 | -€8,452 | -10.9% |
| Fixed assets | 21/28 | €3,948 | €3,373 | -€575 | -14.6% |
| Tangible fixed assets | 22/27 | €2,150 | €1,575 | -€575 | -26.7% |
| Furniture and vehicles | 24 | €2,150 | €1,575 | -€575 | -26.7% |
| Financial fixed assets | 28 | €1,797 | €1,797 | = | 0.0% |
| Current assets | 29/58 | €73,818 | €65,940 | -€7,877 | -10.7% |
| Amounts receivable within one year | 40/41 | €20,750 | €14,592 | -€6,158 | -29.7% |
| Trade receivables | 40 | €20,324 | €14,592 | -€5,733 | -28.2% |
| Other amounts receivable | 41 | €426 | - | -€426 | |
| Cash at bank and in hand | 54/58 | €52,050 | €50,354 | -€1,696 | -3.3% |
| Deferred charges and accrued income | 490/1 | €1,018 | €995 | -€23 | -2.2% |
| Total equity and liabilities | 10/49 | €77,765 | €69,313 | -€8,452 | -10.9% |
| Equity | 10/15 | €18,895 | €31,888 | +€12,993 | +68.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €295 | €13,288 | +€12,993 | +4,405% |
| Amounts payable | 17/49 | €58,870 | €37,425 | -€21,445 | -36.4% |
| Amounts payable within one year | 42/48 | €58,870 | €37,425 | -€21,445 | -36.4% |
| Trade debts | 44 | €764 | €2,678 | +€1,914 | +250% |
| Suppliers | 440/4 | €764 | €2,678 | +€1,914 | +250% |
| Taxes, remuneration and social security | 45 | €32,157 | €28,289 | -€3,868 | -12.0% |
| Taxes | 450/3 | €27,719 | €28,289 | +€570 | +2.1% |
| Remuneration and social security | 454/9 | €4,438 | - | -€4,438 | |
| Other amounts payable | 47/48 | €25,949 | €6,458 | -€19,491 | -75.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €507 | €575 | +€68 | +13.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,637 | +€4,637 | |
| Other operating charges | 640/8 | €1,370 | €1,342 | -€28 | -2.0% |
| Gross operating margin | 9900 | €44,900 | €54,849 | +€9,949 | +22.2% |
| Operating profit (loss) | 9901 | €43,023 | €48,294 | +€5,272 | +12.3% |
| Financial income | 75/76B | - | €139 | +€139 | |
| Recurring financial income | 75 | - | €139 | +€139 | |
| Financial charges | 65/66B | €422 | €646 | +€224 | +53.0% |
| Recurring financial charges | 65 | €422 | €646 | +€224 | +53.0% |
| Profit (loss) for the period before taxes | 9903 | €42,600 | €47,787 | +€5,187 | +12.2% |
| Income taxes | 67/77 | €12,476 | €13,794 | +€1,319 | +10.6% |
| Profit (loss) for the period | 9904 | €30,125 | €33,993 | +€3,868 | +12.8% |
| Profit (loss) for the period to be appropriated | 9905 | €30,125 | €33,993 | +€3,868 | +12.8% |
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 16 October 2026 via checked.be.