J-SAY: 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-SAY
Largest movements
- Cash +€52,333
up €52,333 (+4728.7%), from €1,107 to €53,440
mainly Trade debts (+€25,214) and Stocks and contracts (+€21,855)
- Stocks and contracts -€21,855
no longer reported in 2025 (was €21,855)
- Receivables within one year +€17,388
up €17,388 (+237.7%), from €7,315 to €24,703
- Trade debts +€25,214
up €25,214 (+278.5%), from €9,053 to €34,267
- Profit (loss) carried forward +€16,824
up €16,824, from -€3,663 to €13,162
- Tax, wage and social debts +€6,750
up €6,750 (+1528.9%), from €442 to €7,192
- Other debts -€922
down €922 (-4.4%), from €20,945 to €20,023
- Gross operating margin +€18,187
up €18,187 (+553.5%), from €3,286 to €21,472
- Taxes +€3,448
new in 2025: €3,448
- Other operating charges +€680
up €680 (+299.1%), from €227 to €907
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 | €30,276 | €78,143 | +€47,866 | +158.1% |
| Current assets | 29/58 | €30,276 | €78,143 | +€47,866 | +158.1% |
| Stocks and contracts in progress | 3 | €21,855 | - | -€21,855 | |
| Stocks | 30/36 | €21,855 | - | -€21,855 | |
| Amounts receivable within one year | 40/41 | €7,315 | €24,703 | +€17,388 | +237.7% |
| Trade receivables | 40 | €7,315 | €24,703 | +€17,388 | +237.7% |
| Cash at bank and in hand | 54/58 | €1,107 | €53,440 | +€52,333 | +4728.7% |
| Total equity and liabilities | 10/49 | €30,276 | €78,143 | +€47,866 | +158.1% |
| Equity | 10/15 | -€163 | €16,662 | +€16,824 | |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,663 | €13,162 | +€16,824 | |
| Amounts payable | 17/49 | €30,439 | €61,481 | +€31,042 | +102.0% |
| Amounts payable within one year | 42/48 | €30,439 | €61,481 | +€31,042 | +102.0% |
| Trade debts | 44 | €9,053 | €34,267 | +€25,214 | +278.5% |
| Suppliers | 440/4 | €9,053 | €34,267 | +€25,214 | +278.5% |
| Taxes, remuneration and social security | 45 | €442 | €7,192 | +€6,750 | +1528.9% |
| Taxes | 450/3 | €442 | €7,192 | +€6,750 | +1528.9% |
| Other amounts payable | 47/48 | €20,945 | €20,023 | -€922 | -4.4% |
| Other operating charges | 640/8 | €227 | €907 | +€680 | +299.1% |
| Gross operating margin | 9900 | €3,286 | €21,472 | +€18,187 | +553.5% |
| Operating profit (loss) | 9901 | €3,059 | €20,566 | +€17,507 | +572.4% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €100 | €294 | +€193 | +192.7% |
| Recurring financial charges | 65 | €100 | €294 | +€193 | +192.7% |
| Profit (loss) for the period before taxes | 9903 | €2,958 | €20,273 | +€17,314 | +585.3% |
| Income taxes | 67/77 | - | €3,448 | +€3,448 | |
| Profit (loss) for the period | 9904 | €2,958 | €16,824 | +€13,866 | +468.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,958 | €16,824 | +€13,866 | +468.7% |
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 12 October 2026 via checked.be.