JINTERIM: 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.
JINTERIM
Largest movements
- Receivables within one year +€86,833
up €86,833 (+200%), from €43,468 to €130,300
of which Trade receivables: +€87,589
- Cash -€16,859
down €16,859 (-97.3%), from €17,329 to €470
mainly Receivables within one year (-€86,833) and Tax, wage and social debts (-€2,701)
- Tangible fixed assets -€6,696
down €6,696 (-31.7%), from €21,094 to €14,399
of which Furniture and vehicles: -€5,850
- Trade debts +€48,329
up €48,329 (+156%), from €31,072 to €79,401
- Reserves +€17,567
up €17,567 (+52.9%), from €33,231 to €50,798
- Tax, wage and social debts -€2,701
down €2,701 (-23.2%), from €11,663 to €8,962
- Taxes -€14,364
down €14,364, from €11,663 to -€2,701
- Gross operating margin -€1,081
down €1,081 (-4.5%), from €23,783 to €22,702
- Depreciation +€339
up €339 (+5.1%), from €6,588 to €6,927
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.
Derived cash bridge
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 | €82,296 | €145,836 | +€63,540 | +77.2% |
| Formation expenses | 20 | €373 | €142 | -€231 | -62.0% |
| Fixed assets | 21/28 | €21,094 | €14,399 | -€6,696 | -31.7% |
| Tangible fixed assets | 22/27 | €21,094 | €14,399 | -€6,696 | -31.7% |
| Land and buildings | 22 | €9,633 | €8,787 | -€845 | -8.8% |
| Furniture and vehicles | 24 | €11,462 | €5,611 | -€5,850 | -51.0% |
| Current assets | 29/58 | €60,829 | €131,295 | +€70,467 | +116% |
| Amounts receivable within one year | 40/41 | €43,468 | €130,300 | +€86,833 | +200% |
| Trade receivables | 40 | €1,525 | €89,114 | +€87,589 | +5,744% |
| Other amounts receivable | 41 | €41,943 | €41,187 | -€756 | -1.8% |
| Cash at bank and in hand | 54/58 | €17,329 | €470 | -€16,859 | -97.3% |
| Deferred charges and accrued income | 490/1 | €32 | €525 | +€493 | +1,523% |
| Total equity and liabilities | 10/49 | €82,296 | €145,836 | +€63,540 | +77.2% |
| Equity | 10/15 | €36,231 | €53,798 | +€17,567 | +48.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €33,231 | €50,798 | +€17,567 | +52.9% |
| Distributable reserves | 133 | €33,231 | €50,798 | +€17,567 | +52.9% |
| Amounts payable | 17/49 | €46,065 | €92,039 | +€45,973 | +99.8% |
| Amounts payable within one year | 42/48 | €46,065 | €91,693 | +€45,628 | +99.0% |
| Trade debts | 44 | €31,072 | €79,401 | +€48,329 | +156% |
| Suppliers | 440/4 | €31,072 | €79,401 | +€48,329 | +156% |
| Taxes, remuneration and social security | 45 | €11,663 | €8,962 | -€2,701 | -23.2% |
| Taxes | 450/3 | €11,663 | €8,962 | -€2,701 | -23.2% |
| Other amounts payable | 47/48 | €3,330 | €3,330 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €346 | +€346 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,588 | €6,927 | +€339 | +5.1% |
| Other operating charges | 640/8 | €850 | €869 | +€19 | +2.3% |
| Gross operating margin | 9900 | €23,783 | €22,702 | -€1,081 | -4.5% |
| Operating profit (loss) | 9901 | €16,345 | €14,906 | -€1,439 | -8.8% |
| Financial charges | 65/66B | €57 | €40 | -€17 | -29.2% |
| Recurring financial charges | 65 | €57 | €40 | -€17 | -29.2% |
| Profit (loss) for the period before taxes | 9903 | €16,288 | €14,866 | -€1,422 | -8.7% |
| Income taxes | 67/77 | €11,663 | -€2,701 | -€14,364 | |
| Profit (loss) for the period | 9904 | €4,625 | €17,567 | +€12,941 | +280% |
| Profit (loss) for the period to be appropriated | 9905 | €4,625 | €17,567 | +€12,941 | +280% |
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 31 October 2026 via checked.be.