J4 STRATEGY: 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.
J4 STRATEGY
Largest movements
- Receivables within one year +€55,853
up €55,853 (+371.2%), from €15,047 to €70,900
of which Other amounts receivable: +€51,962
- Profit (loss) carried forward +€24,534
up €24,534 (+450.1%), from €5,451 to €29,985
- Trade debts +€16,087
up €16,087 (+1042.6%), from €1,543 to €17,630
- Tax, wage and social debts +€13,801
up €13,801 (+256.6%), from €5,378 to €19,179
- Accrued charges and deferred income +€2,351
new in 2025: €2,351
- Other debts -€1,399
down €1,399 (-42.6%), from €3,282 to €1,883
- Gross operating margin +€32,612
up €32,612 (+314.9%), from €10,357 to €42,969
- Taxes +€9,804
up €9,804 (+508.5%), from €1,928 to €11,732
- Staff costs +€6,000
new in 2025: €6,000
- Financial income +€1,998
up €1,998 (+1074.1%), from €186 to €2,184
- Other operating charges -€1,187
down €1,187 (-55.3%), from €2,145 to €958
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 | €15,754 | €71,128 | +€55,374 | +351.5% |
| Fixed assets | 21/28 | €225 | €225 | = | 0.0% |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €15,529 | €70,903 | +€55,374 | +356.6% |
| Amounts receivable within one year | 40/41 | €15,047 | €70,900 | +€55,853 | +371.2% |
| Trade receivables | 40 | €3,267 | €7,158 | +€3,891 | +119.1% |
| Other amounts receivable | 41 | €11,780 | €63,742 | +€51,962 | +441.1% |
| Cash at bank and in hand | 54/58 | €482 | €3 | -€479 | -99.3% |
| Total equity and liabilities | 10/49 | €15,754 | €71,128 | +€55,374 | +351.5% |
| Equity | 10/15 | €5,551 | €30,085 | +€24,534 | +442.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,451 | €29,985 | +€24,534 | +450.1% |
| Amounts payable | 17/49 | €10,203 | €41,044 | +€30,841 | +302.3% |
| Amounts payable within one year | 42/48 | €10,203 | €38,693 | +€28,490 | +279.2% |
| Trade debts | 44 | €1,543 | €17,630 | +€16,087 | +1042.6% |
| Suppliers | 440/4 | €1,543 | €17,630 | +€16,087 | +1042.6% |
| Taxes, remuneration and social security | 45 | €5,378 | €19,179 | +€13,801 | +256.6% |
| Taxes | 450/3 | €5,378 | €19,179 | +€13,801 | +256.6% |
| Other amounts payable | 47/48 | €3,282 | €1,883 | -€1,399 | -42.6% |
| Accrued charges and deferred income | 492/3 | - | €2,351 | +€2,351 | |
| Remuneration, social security and pensions | 62 | - | €6,000 | +€6,000 | |
| Other operating charges | 640/8 | €2,145 | €958 | -€1,187 | -55.3% |
| Non-recurring operating charges | 66A | - | €58 | +€58 | |
| Gross operating margin | 9900 | €10,357 | €42,969 | +€32,612 | +314.9% |
| Operating profit (loss) | 9901 | €8,212 | €35,953 | +€27,741 | +337.8% |
| Financial income | 75/76B | €186 | €2,184 | +€1,998 | +1074.1% |
| Recurring financial income | 75 | €186 | €2,184 | +€1,998 | +1074.1% |
| Financial charges | 65/66B | €1,394 | €1,448 | +€54 | +3.9% |
| Recurring financial charges | 65 | €1,394 | €1,448 | +€54 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | €7,004 | €36,689 | +€29,685 | +423.8% |
| Income taxes | 67/77 | €1,928 | €11,732 | +€9,804 | +508.5% |
| Profit (loss) for the period | 9904 | €5,076 | €24,957 | +€19,881 | +391.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,076 | €24,957 | +€19,881 | +391.7% |
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 8 October 2026 via checked.be.