JAY'S CONSULT: 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'S CONSULT
Largest movements
- Tangible fixed assets +€119,366
up €119,366 (+2118.4%), from €5,635 to €125,001
of which Land and buildings: +€122,725
- Receivables within one year -€11,951
down €11,951 (-36.6%), from €32,692 to €20,742
of which Trade receivables: -€9,704
- Cash -€11,662
down €11,662 (-33.0%), from €35,376 to €23,713
mainly Investment in fixed assets (net) (-€149,828) and Provisions (-€24,828)
- Debts after one year +€106,504
new in 2025: €106,504
- Provisions -€24,828
no longer reported in 2025 (was €24,828)
- Current portion of long-term debt +€6,048
new in 2025: €6,048
- Profit (loss) carried forward +€5,724
up €5,724 (+26.9%), from €21,292 to €27,015
- Trade debts +€2,373
up €2,373 (+79.6%), from €2,980 to €5,353
- Depreciation +€27,272
up €27,272 (+855.1%), from €3,189 to €30,462
- Provisions -€24,828
no longer reported in 2025 (was €24,828)
- Gross operating margin +€12,693
up €12,693 (+42.5%), from €29,889 to €42,582
- Financial charges +€3,747
up €3,747 (+5097.9%), from €74 to €3,820
- Taxes +€1,618
up €1,618 (+300.5%), from €538 to €2,156
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 | €73,703 | €169,456 | +€95,753 | +129.9% |
| Fixed assets | 21/28 | €5,635 | €125,001 | +€119,366 | +2118.4% |
| Tangible fixed assets | 22/27 | €5,635 | €125,001 | +€119,366 | +2118.4% |
| Land and buildings | 22 | - | €122,725 | +€122,725 | |
| Plant, machinery and equipment | 23 | €1,126 | €887 | -€239 | -21.2% |
| Other tangible fixed assets | 26 | €4,509 | €1,388 | -€3,120 | -69.2% |
| Current assets | 29/58 | €68,068 | €44,455 | -€23,613 | -34.7% |
| Amounts receivable within one year | 40/41 | €32,692 | €20,742 | -€11,951 | -36.6% |
| Trade receivables | 40 | €23,844 | €14,140 | -€9,704 | -40.7% |
| Other amounts receivable | 41 | €8,849 | €6,602 | -€2,247 | -25.4% |
| Cash at bank and in hand | 54/58 | €35,376 | €23,713 | -€11,662 | -33.0% |
| Total equity and liabilities | 10/49 | €73,703 | €169,456 | +€95,753 | +129.9% |
| Equity | 10/15 | €40,498 | €46,222 | +€5,724 | +14.1% |
| Contributions | 10/11 | €18,549 | €18,549 | = | 0.0% |
| Reserves | 13 | €657 | €657 | = | 0.0% |
| Non-distributable reserves | 130/1 | €657 | €657 | = | 0.0% |
| Reserves not available under the articles | 1311 | €657 | €657 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,292 | €27,015 | +€5,724 | +26.9% |
| Provisions and deferred taxes | 16 | €24,828 | - | -€24,828 | |
| Provisions for liabilities and charges | 160/5 | €24,828 | - | -€24,828 | |
| Environmental obligations | 163 | €24,828 | - | -€24,828 | |
| Amounts payable | 17/49 | €8,377 | €123,234 | +€114,856 | +1371.0% |
| Amounts payable after more than one year | 17 | - | €106,504 | +€106,504 | |
| Financial debts | 170/4 | - | €106,504 | +€106,504 | |
| Amounts payable within one year | 42/48 | €8,377 | €16,730 | +€8,353 | +99.7% |
| Current portion of amounts payable after more than one year | 42 | - | €6,048 | +€6,048 | |
| Trade debts | 44 | €2,980 | €5,353 | +€2,373 | +79.6% |
| Suppliers | 440/4 | €2,980 | €5,353 | +€2,373 | +79.6% |
| Taxes, remuneration and social security | 45 | €2,969 | €2,695 | -€275 | -9.3% |
| Taxes | 450/3 | €2,969 | €2,695 | -€275 | -9.3% |
| Other amounts payable | 47/48 | €2,428 | €2,635 | +€207 | +8.5% |
| Non-recurring operating income | 76A | - | €24,828 | +€24,828 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,189 | €30,462 | +€27,272 | +855.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €24,828 | - | -€24,828 | |
| Other operating charges | 640/8 | - | €420 | +€420 | |
| Gross operating margin | 9900 | €29,889 | €42,582 | +€12,693 | +42.5% |
| Operating profit (loss) | 9901 | €1,872 | €11,701 | +€9,829 | +525.0% |
| Financial income | 75/76B | €53 | - | -€53 | |
| Recurring financial income | 75 | €53 | - | -€53 | |
| Financial charges | 65/66B | €74 | €3,820 | +€3,747 | +5097.9% |
| Recurring financial charges | 65 | €74 | €3,820 | +€3,747 | +5097.9% |
| Profit (loss) for the period before taxes | 9903 | €1,851 | €7,880 | +€6,029 | +325.7% |
| Income taxes | 67/77 | €538 | €2,156 | +€1,618 | +300.5% |
| Profit (loss) for the period | 9904 | €1,313 | €5,724 | +€4,411 | +336.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,313 | €5,724 | +€4,411 | +336.0% |
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 6 October 2026 via checked.be.