J57: 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.
J57
Largest movements
- Receivables within one year +€20,910
up €20,910 (+265.8%), from €7,866 to €28,776
- Tangible fixed assets -€7,325
down €7,325 (-3.2%), from €228,974 to €221,650
of which Land and buildings: -€6,673
- Reserves +€9,867
up €9,867 (+51.1%), from €19,320 to €29,186
- Current portion of long-term debt +€4,645
up €4,645 (+31.2%), from €14,886 to €19,531
- Gross operating margin +€2,884
up €2,884 (+12.3%), from €23,402 to €26,286
- Taxes +€1,595
up €1,595 (+52.4%), from €3,043 to €4,638
- Financial charges +€584
up €584 (+16.4%), from €3,569 to €4,153
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 | €238,689 | €250,764 | +€12,076 | +5.1% |
| Fixed assets | 21/28 | €228,974 | €221,650 | -€7,325 | -3.2% |
| Tangible fixed assets | 22/27 | €228,974 | €221,650 | -€7,325 | -3.2% |
| Land and buildings | 22 | €223,112 | €216,439 | -€6,673 | -3.0% |
| Other tangible fixed assets | 26 | €5,862 | €5,211 | -€651 | -11.1% |
| Current assets | 29/58 | €9,714 | €29,114 | +€19,400 | +199.7% |
| Amounts receivable within one year | 40/41 | €7,866 | €28,776 | +€20,910 | +265.8% |
| Other amounts receivable | 41 | €7,866 | €28,776 | +€20,910 | +265.8% |
| Cash at bank and in hand | 54/58 | €1,848 | €339 | -€1,510 | -81.7% |
| Total equity and liabilities | 10/49 | €238,689 | €250,764 | +€12,076 | +5.1% |
| Equity | 10/15 | €37,245 | €47,112 | +€9,867 | +26.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €19,320 | €29,186 | +€9,867 | +51.1% |
| Distributable reserves | 133 | €19,320 | €29,186 | +€9,867 | +51.1% |
| Profit (loss) carried forward | 14 | €11,725 | €11,725 | = | 0.0% |
| Amounts payable | 17/49 | €201,444 | €203,652 | +€2,209 | +1.1% |
| Amounts payable after more than one year | 17 | €181,465 | €179,537 | -€1,928 | -1.1% |
| Financial debts | 170/4 | €181,465 | €179,537 | -€1,928 | -1.1% |
| Amounts payable within one year | 42/48 | €19,294 | €23,851 | +€4,558 | +23.6% |
| Current portion of amounts payable after more than one year | 42 | €14,886 | €19,531 | +€4,645 | +31.2% |
| Trade debts | 44 | €0 | €684 | +€684 | |
| Suppliers | 440/4 | €0 | €684 | +€684 | |
| Taxes, remuneration and social security | 45 | €2,778 | €2,006 | -€771 | -27.8% |
| Taxes | 450/3 | €2,778 | €2,006 | -€771 | -27.8% |
| Other amounts payable | 47/48 | €1,630 | €1,630 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €685 | €264 | -€421 | -61.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,325 | €7,325 | = | 0.0% |
| Other operating charges | 640/8 | €517 | €520 | +€2 | +0.5% |
| Gross operating margin | 9900 | €23,402 | €26,286 | +€2,884 | +12.3% |
| Operating profit (loss) | 9901 | €15,560 | €18,442 | +€2,882 | +18.5% |
| Financial income | 75/76B | €58 | €216 | +€158 | +271.8% |
| Recurring financial income | 75 | €58 | €216 | +€158 | +271.8% |
| Financial charges | 65/66B | €3,569 | €4,153 | +€584 | +16.4% |
| Recurring financial charges | 65 | €3,569 | €4,153 | +€584 | +16.4% |
| Profit (loss) for the period before taxes | 9903 | €12,049 | €14,505 | +€2,456 | +20.4% |
| Income taxes | 67/77 | €3,043 | €4,638 | +€1,595 | +52.4% |
| Profit (loss) for the period | 9904 | €9,006 | €9,867 | +€861 | +9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,006 | €9,867 | +€861 | +9.6% |
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 9 October 2026 via checked.be.