JAMES: 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.
JAMES
Largest movements
- Cash -€1,291
down €1,291 (-28.7%), from €4,501 to €3,210
mainly Other debts (-€2,393) and Net result for the year (-€1,088)
- Receivables within one year +€372
up €372 (+280.2%), from €133 to €505
- Tangible fixed assets -€206
down €206 (-27.5%), from €749 to €543
of which Plant, machinery and equipment: -€158
- Reserves -€5,061
down €5,061 (-7.3%), from €69,229 to €64,168
of which Distributable reserves: -€5,061
- Profit (loss) carried forward +€3,973
up €3,973 (+4.4%), from -€90,317 to -€86,344
- Other debts -€2,393
down €2,393 (-19.0%), from €12,572 to €10,179
- Trade debts +€1,971
up €1,971 (+48.2%), from €4,089 to €6,060
- Tax, wage and social debts +€314
up €314 (+23.5%), from €1,334 to €1,648
- Gross operating margin -€3,591
down €3,591, from €3,174 to -€417
- Depreciation -€110
down €110 (-34.7%), from €316 to €206
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 | €9,301 | €8,105 | -€1,196 | -12.9% |
| Fixed assets | 21/28 | €3,315 | €3,109 | -€206 | -6.2% |
| Tangible fixed assets | 22/27 | €749 | €543 | -€206 | -27.5% |
| Plant, machinery and equipment | 23 | €351 | €193 | -€158 | -45.1% |
| Furniture and vehicles | 24 | €398 | €350 | -€48 | -12.1% |
| Financial fixed assets | 28 | €2,566 | €2,566 | = | 0.0% |
| Current assets | 29/58 | €5,985 | €4,996 | -€989 | -16.5% |
| Amounts receivable within one year | 40/41 | €133 | €505 | +€372 | +280.2% |
| Other amounts receivable | 41 | €133 | €505 | +€372 | +280.2% |
| Cash at bank and in hand | 54/58 | €4,501 | €3,210 | -€1,291 | -28.7% |
| Deferred charges and accrued income | 490/1 | €1,352 | €1,280 | -€71 | -5.3% |
| Total equity and liabilities | 10/49 | €9,301 | €8,105 | -€1,196 | -12.9% |
| Equity | 10/15 | -€8,694 | -€9,782 | -€1,088 | -12.5% |
| Contributions | 10/11 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €69,229 | €64,168 | -€5,061 | -7.3% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €67,369 | €62,309 | -€5,061 | -7.5% |
| Profit (loss) carried forward | 14 | -€90,317 | -€86,344 | +€3,973 | +4.4% |
| Amounts payable | 17/49 | €17,995 | €17,886 | -€108 | -0.6% |
| Amounts payable within one year | 42/48 | €17,995 | €17,886 | -€108 | -0.6% |
| Trade debts | 44 | €4,089 | €6,060 | +€1,971 | +48.2% |
| Suppliers | 440/4 | €4,089 | €6,060 | +€1,971 | +48.2% |
| Taxes, remuneration and social security | 45 | €1,334 | €1,648 | +€314 | +23.5% |
| Taxes | 450/3 | €1,334 | €1,648 | +€314 | +23.5% |
| Other amounts payable | 47/48 | €12,572 | €10,179 | -€2,393 | -19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €316 | €206 | -€110 | -34.7% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €3,174 | -€417 | -€3,591 | |
| Operating profit (loss) | 9901 | €2,471 | -€1,023 | -€3,493 | |
| Financial income | 75/76B | €1 | €26 | +€25 | +2425.5% |
| Recurring financial income | 75 | €1 | €26 | +€25 | +2425.5% |
| Financial charges | 65/66B | €94 | €91 | -€3 | -3.3% |
| Recurring financial charges | 65 | €94 | €91 | -€3 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | €2,378 | -€1,088 | -€3,466 | |
| Income taxes | 67/77 | €0 | €0 | -€0 | -16.7% |
| Profit (loss) for the period | 9904 | €2,378 | -€1,088 | -€3,466 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,378 | -€1,088 | -€3,466 |
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.