J-Y: 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-Y
Largest movements
- Tangible fixed assets +€54,697
up €54,697 (+74.1%), from €73,803 to €128,501
- Cash +€36,546
up €36,546 (+42.8%), from €85,459 to €122,005
mainly Net result for the year (+€50,546) and Debts after one year (+€41,018)
- Receivables within one year -€12,796
down €12,796 (-25.8%), from €49,598 to €36,802
of which Trade receivables: -€28,270
- Debts after one year +€41,018
up €41,018 (+214.6%), from €19,112 to €60,131
- Reserves +€31,546
up €31,546 (+50.3%), from €62,751 to €94,297
- Current portion of long-term debt +€9,057
up €9,057 (+32.3%), from €28,073 to €37,130
- Tax, wage and social debts -€7,649
down €7,649 (-21.4%), from €35,804 to €28,155
of which Taxes: -€6,241
- Other debts +€4,609
up €4,609 (+39.9%), from €11,541 to €16,150
- Gross operating margin +€23,984
up €23,984 (+31.9%), from €75,249 to €99,233
- Depreciation -€23,001
down €23,001 (-78.8%), from €29,201 to €6,200
- Other operating charges +€19,662
up €19,662 (+619.1%), from €3,176 to €22,838
- Taxes +€4,733
up €4,733 (+37.6%), from €12,573 to €17,306
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 | €208,860 | €287,308 | +€78,448 | +37.6% |
| Fixed assets | 21/28 | €73,803 | €128,501 | +€54,697 | +74.1% |
| Tangible fixed assets | 22/27 | €73,803 | €128,501 | +€54,697 | +74.1% |
| Furniture and vehicles | 24 | €73,803 | €128,501 | +€54,697 | +74.1% |
| Current assets | 29/58 | €135,057 | €158,808 | +€23,750 | +17.6% |
| Amounts receivable within one year | 40/41 | €49,598 | €36,802 | -€12,796 | -25.8% |
| Trade receivables | 40 | €49,598 | €21,328 | -€28,270 | -57.0% |
| Other amounts receivable | 41 | - | €15,474 | +€15,474 | |
| Cash at bank and in hand | 54/58 | €85,459 | €122,005 | +€36,546 | +42.8% |
| Total equity and liabilities | 10/49 | €208,860 | €287,308 | +€78,448 | +37.6% |
| Equity | 10/15 | €112,735 | €144,281 | +€31,546 | +28.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €62,751 | €94,297 | +€31,546 | +50.3% |
| Distributable reserves | 133 | €62,751 | €94,297 | +€31,546 | +50.3% |
| Profit (loss) carried forward | 14 | €44,984 | €44,984 | = | 0.0% |
| Amounts payable | 17/49 | €96,126 | €143,027 | +€46,902 | +48.8% |
| Amounts payable after more than one year | 17 | €19,112 | €60,131 | +€41,018 | +214.6% |
| Financial debts | 170/4 | €19,112 | €60,131 | +€41,018 | +214.6% |
| Amounts payable within one year | 42/48 | €77,013 | €82,896 | +€5,883 | +7.6% |
| Current portion of amounts payable after more than one year | 42 | €28,073 | €37,130 | +€9,057 | +32.3% |
| Trade debts | 44 | €1,596 | €1,461 | -€135 | -8.4% |
| Suppliers | 440/4 | €1,596 | €1,461 | -€135 | -8.4% |
| Taxes, remuneration and social security | 45 | €35,804 | €28,155 | -€7,649 | -21.4% |
| Taxes | 450/3 | €34,396 | €28,155 | -€6,241 | -18.1% |
| Remuneration and social security | 454/9 | €1,408 | €0 | -€1,408 | -100.0% |
| Other amounts payable | 47/48 | €11,541 | €16,150 | +€4,609 | +39.9% |
| Remuneration, social security and pensions | 62 | €36 | €0 | -€36 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,201 | €6,200 | -€23,001 | -78.8% |
| Other operating charges | 640/8 | €3,176 | €22,838 | +€19,662 | +619.1% |
| Gross operating margin | 9900 | €75,249 | €99,233 | +€23,984 | +31.9% |
| Operating profit (loss) | 9901 | €42,836 | €70,195 | +€27,359 | +63.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,407 | €2,343 | -€64 | -2.7% |
| Recurring financial charges | 65 | €2,407 | €2,343 | -€64 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €40,428 | €67,852 | +€27,424 | +67.8% |
| Income taxes | 67/77 | €12,573 | €17,306 | +€4,733 | +37.6% |
| Profit (loss) for the period | 9904 | €27,856 | €50,546 | +€22,690 | +81.5% |
| Profit (loss) for the period to be appropriated | 9905 | €27,856 | €50,546 | +€22,690 | +81.5% |
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 5 October 2026 via checked.be.