Jay M: 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.
Jay M
Largest movements
- Receivables within one year +€6,050
new in 2025: €6,050
- Cash -€1,777
down €1,777 (-12.4%), from €14,304 to €12,526
mainly Receivables within one year (-€6,050) and Tax, wage and social debts (-€1,832)
- Deferred charges and accrued income -€1,631
down €1,631 (-34.1%), from €4,776 to €3,145
- Other debts +€1,860
up €1,860 (+26.8%), from €6,950 to €8,810
- Tax, wage and social debts -€1,832
down €1,832 (-26.5%), from €6,909 to €5,077
- Profit (loss) carried forward +€1,207
up €1,207, from -€324 to €883
- Trade debts +€1,172
up €1,172 (+158.4%), from €740 to €1,912
- Gross operating margin +€1,377
up €1,377 (+41.4%), from €3,325 to €4,703
- Financial charges -€398
down €398 (-23.6%), from €1,690 to €1,292
- Other operating charges +€196
up €196 (+31.1%), from €631 to €827
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 | €102,865 | €105,273 | +€2,408 | +2.3% |
| Fixed assets | 21/28 | €83,786 | €83,552 | -€234 | -0.3% |
| Tangible fixed assets | 22/27 | €486 | €252 | -€234 | -48.2% |
| Furniture and vehicles | 24 | €486 | €252 | -€234 | -48.2% |
| Financial fixed assets | 28 | €83,300 | €83,300 | = | 0.0% |
| Current assets | 29/58 | €19,080 | €21,721 | +€2,642 | +13.8% |
| Amounts receivable within one year | 40/41 | - | €6,050 | +€6,050 | |
| Trade receivables | 40 | - | €6,050 | +€6,050 | |
| Cash at bank and in hand | 54/58 | €14,304 | €12,526 | -€1,777 | -12.4% |
| Deferred charges and accrued income | 490/1 | €4,776 | €3,145 | -€1,631 | -34.1% |
| Total equity and liabilities | 10/49 | €102,865 | €105,273 | +€2,408 | +2.3% |
| Equity | 10/15 | €88,267 | €89,474 | +€1,207 | +1.4% |
| Contributions | 10/11 | €85,000 | €85,000 | = | 0.0% |
| Reserves | 13 | €3,591 | €3,591 | = | 0.0% |
| Distributable reserves | 133 | €3,591 | €3,591 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€324 | €883 | +€1,207 | |
| Amounts payable | 17/49 | €14,599 | €15,799 | +€1,201 | +8.2% |
| Amounts payable within one year | 42/48 | €14,599 | €15,799 | +€1,201 | +8.2% |
| Trade debts | 44 | €740 | €1,912 | +€1,172 | +158.4% |
| Suppliers | 440/4 | €740 | €1,912 | +€1,172 | +158.4% |
| Taxes, remuneration and social security | 45 | €6,909 | €5,077 | -€1,832 | -26.5% |
| Taxes | 450/3 | €6,909 | €5,077 | -€1,832 | -26.5% |
| Other amounts payable | 47/48 | €6,950 | €8,810 | +€1,860 | +26.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €216 | €234 | +€18 | +8.3% |
| Other operating charges | 640/8 | €631 | €827 | +€196 | +31.1% |
| Gross operating margin | 9900 | €3,325 | €4,703 | +€1,377 | +41.4% |
| Operating profit (loss) | 9901 | €2,479 | €3,642 | +€1,163 | +46.9% |
| Financial charges | 65/66B | €1,690 | €1,292 | -€398 | -23.6% |
| Recurring financial charges | 65 | €1,690 | €1,292 | -€398 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | €789 | €2,350 | +€1,561 | +197.9% |
| Income taxes | 67/77 | €1,113 | €1,143 | +€30 | +2.7% |
| Profit (loss) for the period | 9904 | -€324 | €1,207 | +€1,532 | |
| Profit (loss) for the period to be appropriated | 9905 | -€324 | €1,207 | +€1,532 |
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 9 October 2026 via checked.be.