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
- Receivables within one year -€11,814
down €11,814 (-31.2%), from €37,861 to €26,046
of which Trade receivables: -€35,206
- Intangible fixed assets -€8,625
down €8,625 (-32.3%), from €26,719 to €18,094
- Cash +€5,385
up €5,385 (+13857.3%), from €39 to €5,424
mainly Tax, wage and social debts (+€20,354) and Depreciation (+€15,782)
- Tangible fixed assets -€4,074
down €4,074 (-13.8%), from €29,583 to €25,509
of which Plant, machinery and equipment: -€2,335
- Deferred charges and accrued income -€1,080
down €1,080 (-100.0%), from €1,080 to €0
- Other debts -€35,029
down €35,029 (-72.4%), from €48,412 to €13,383
- Tax, wage and social debts +€20,354
up €20,354 (+77.2%), from €26,357 to €46,711
of which Taxes: +€22,104
- Trade debts -€7,472
down €7,472 (-36.1%), from €20,688 to €13,217
- Profit (loss) carried forward +€6,445
up €6,445 (+49.2%), from -€13,111 to -€6,667
- Advances received -€5,445
down €5,445 (-100.0%), from €5,445 to €0
- Gross operating margin +€6,693
up €6,693 (+21.0%), from €31,805 to €38,499
- Financial charges -€3,028
down €3,028 (-45.0%), from €6,729 to €3,701
- Depreciation +€2,990
up €2,990 (+23.4%), from €12,792 to €15,782
- Other operating charges +€2,328
up €2,328 (+39.5%), from €5,898 to €8,226
- Taxes +€1,280
up €1,280 (+35.0%), from €3,662 to €4,942
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €95,281 | €75,073 | -€20,208 | -21.2% |
| Fixed assets | 21/28 | €56,302 | €43,603 | -€12,699 | -22.6% |
| Intangible fixed assets | 21 | €26,719 | €18,094 | -€8,625 | -32.3% |
| Tangible fixed assets | 22/27 | €29,583 | €25,509 | -€4,074 | -13.8% |
| Plant, machinery and equipment | 23 | €10,650 | €8,316 | -€2,335 | -21.9% |
| Furniture and vehicles | 24 | €18,932 | €17,193 | -€1,739 | -9.2% |
| Current assets | 29/58 | €38,979 | €31,470 | -€7,509 | -19.3% |
| Amounts receivable within one year | 40/41 | €37,861 | €26,046 | -€11,814 | -31.2% |
| Trade receivables | 40 | €37,199 | €1,992 | -€35,206 | -94.6% |
| Other amounts receivable | 41 | €662 | €24,054 | +€23,392 | +3534.3% |
| Cash at bank and in hand | 54/58 | €39 | €5,424 | +€5,385 | +13857.3% |
| Deferred charges and accrued income | 490/1 | €1,080 | €0 | -€1,080 | -100.0% |
| Total equity and liabilities | 10/49 | €95,281 | €75,073 | -€20,208 | -21.2% |
| Equity | 10/15 | -€8,111 | -€1,667 | +€6,445 | +79.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,111 | -€6,667 | +€6,445 | +49.2% |
| Amounts payable | 17/49 | €103,393 | €76,740 | -€26,653 | -25.8% |
| Amounts payable within one year | 42/48 | €103,393 | €76,740 | -€26,653 | -25.8% |
| Financial debts | 43 | €2,491 | €3,430 | +€939 | +37.7% |
| Credit institutions | 430/8 | €2,491 | €0 | -€2,491 | -100.0% |
| Other loans | 439 | - | €3,430 | +€3,430 | |
| Trade debts | 44 | €20,688 | €13,217 | -€7,472 | -36.1% |
| Suppliers | 440/4 | €20,688 | €13,217 | -€7,472 | -36.1% |
| Advances received on contracts in progress | 46 | €5,445 | €0 | -€5,445 | -100.0% |
| Taxes, remuneration and social security | 45 | €26,357 | €46,711 | +€20,354 | +77.2% |
| Taxes | 450/3 | €24,607 | €46,711 | +€22,104 | +89.8% |
| Remuneration and social security | 454/9 | €1,750 | €0 | -€1,750 | -100.0% |
| Other amounts payable | 47/48 | €48,412 | €13,383 | -€35,029 | -72.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,792 | €15,782 | +€2,990 | +23.4% |
| Other operating charges | 640/8 | €5,898 | €8,226 | +€2,328 | +39.5% |
| Gross operating margin | 9900 | €31,805 | €38,499 | +€6,693 | +21.0% |
| Operating profit (loss) | 9901 | €13,116 | €14,491 | +€1,375 | +10.5% |
| Financial income | 75/76B | €418 | €597 | +€178 | +42.6% |
| Recurring financial income | 75 | €418 | €597 | +€178 | +42.6% |
| Financial charges | 65/66B | €6,729 | €3,701 | -€3,028 | -45.0% |
| Recurring financial charges | 65 | €6,729 | €3,701 | -€3,028 | -45.0% |
| Profit (loss) for the period before taxes | 9903 | €6,805 | €11,386 | +€4,581 | +67.3% |
| Income taxes | 67/77 | €3,662 | €4,942 | +€1,280 | +35.0% |
| Profit (loss) for the period | 9904 | €3,143 | €6,445 | +€3,301 | +105.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,143 | €6,445 | +€3,301 | +105.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.