JIST: 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.
JIST
Largest movements
- Cash -€51,844
down €51,844 (-40.6%), from €127,607 to €75,762
mainly Contributions, distributions and other (-€84,969) and Debts after one year (-€29,220)
- Tangible fixed assets -€48,650
down €48,650 (-22.2%), from €218,914 to €170,264
- Receivables within one year -€6,305
down €6,305 (-40.4%), from €15,596 to €9,291
of which Other amounts receivable: -€3,271
- Deferred charges and accrued income +€5,150
new in 2025: €5,150
- Reserves -€84,969
down €84,969 (-45.9%), from €185,289 to €100,320
of which Distributable reserves: -€84,969
- Debts after one year -€29,220
down €29,220 (-22.4%), from €130,627 to €101,406
- Profit (loss) carried forward +€20,376
up €20,376 (+49.6%), from -€41,107 to -€20,731
- Tax, wage and social debts -€8,211
down €8,211 (-44.2%), from €18,591 to €10,379
of which Remuneration and social security: -€4,880
- Other debts -€7,741
down €7,741 (-31.7%), from €24,382 to €16,641
- Gross operating margin +€28,538
up €28,538 (+18.5%), from €154,476 to €183,014
- Staff costs -€12,768
down €12,768 (-11.3%), from €113,282 to €100,514
- Depreciation +€5,120
up €5,120 (+11.2%), from €45,858 to €50,978
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 | €362,416 | €260,767 | -€101,649 | -28.0% |
| Fixed assets | 21/28 | €219,213 | €170,563 | -€48,650 | -22.2% |
| Tangible fixed assets | 22/27 | €218,914 | €170,264 | -€48,650 | -22.2% |
| Land and buildings | 22 | €108,821 | €93,321 | -€15,501 | -14.2% |
| Plant, machinery and equipment | 23 | €14,505 | €10,313 | -€4,193 | -28.9% |
| Furniture and vehicles | 24 | €38,380 | €21,840 | -€16,541 | -43.1% |
| Other tangible fixed assets | 26 | €57,206 | €44,791 | -€12,416 | -21.7% |
| Financial fixed assets | 28 | €299 | €299 | = | 0.0% |
| Current assets | 29/58 | €143,203 | €90,203 | -€52,999 | -37.0% |
| Amounts receivable within one year | 40/41 | €15,596 | €9,291 | -€6,305 | -40.4% |
| Trade receivables | 40 | €10,359 | €7,325 | -€3,034 | -29.3% |
| Other amounts receivable | 41 | €5,237 | €1,966 | -€3,271 | -62.5% |
| Cash at bank and in hand | 54/58 | €127,607 | €75,762 | -€51,844 | -40.6% |
| Deferred charges and accrued income | 490/1 | - | €5,150 | +€5,150 | |
| Total equity and liabilities | 10/49 | €362,416 | €260,767 | -€101,649 | -28.0% |
| Equity | 10/15 | €150,383 | €85,790 | -€64,593 | -43.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €185,289 | €100,320 | -€84,969 | -45.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Tax-exempt reserves | 132 | €25,820 | €25,820 | = | 0.0% |
| Distributable reserves | 133 | €159,469 | €74,500 | -€84,969 | -53.3% |
| Profit (loss) carried forward | 14 | -€41,107 | -€20,731 | +€20,376 | +49.6% |
| Amounts payable | 17/49 | €212,033 | €174,977 | -€37,056 | -17.5% |
| Amounts payable after more than one year | 17 | €130,627 | €101,406 | -€29,220 | -22.4% |
| Financial debts | 170/4 | €130,627 | €101,406 | -€29,220 | -22.4% |
| Amounts payable within one year | 42/48 | €81,406 | €73,571 | -€7,835 | -9.6% |
| Current portion of amounts payable after more than one year | 42 | €28,478 | €31,063 | +€2,585 | +9.1% |
| Financial debts | 43 | €3 | €0 | -€3 | -100% |
| Credit institutions | 430/8 | €3 | €0 | -€3 | -100% |
| Trade debts | 44 | €9,952 | €15,488 | +€5,536 | +55.6% |
| Suppliers | 440/4 | €9,952 | €15,488 | +€5,536 | +55.6% |
| Taxes, remuneration and social security | 45 | €18,591 | €10,379 | -€8,211 | -44.2% |
| Taxes | 450/3 | €5,954 | €2,623 | -€3,331 | -55.9% |
| Remuneration and social security | 454/9 | €12,636 | €7,756 | -€4,880 | -38.6% |
| Other amounts payable | 47/48 | €24,382 | €16,641 | -€7,741 | -31.7% |
| Non-recurring operating income | 76A | €2,479 | €0 | -€2,479 | -100% |
| Remuneration, social security and pensions | 62 | €113,282 | €100,514 | -€12,768 | -11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,858 | €50,978 | +€5,120 | +11.2% |
| Other operating charges | 640/8 | €5,178 | €5,289 | +€111 | +2.1% |
| Gross operating margin | 9900 | €154,476 | €183,014 | +€28,538 | +18.5% |
| Operating profit (loss) | 9901 | -€9,842 | €26,234 | +€36,075 | |
| Financial income | 75/76B | €1,225 | €1,015 | -€210 | -17.2% |
| Recurring financial income | 75 | €1,225 | €1,015 | -€210 | -17.2% |
| Financial charges | 65/66B | €4,902 | €6,304 | +€1,402 | +28.6% |
| Recurring financial charges | 65 | €4,902 | €6,304 | +€1,402 | +28.6% |
| Profit (loss) for the period before taxes | 9903 | -€13,518 | €20,944 | +€34,463 | |
| Income taxes | 67/77 | €514 | €568 | +€54 | +10.6% |
| Profit (loss) for the period | 9904 | -€14,032 | €20,376 | +€34,409 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,032 | €20,376 | +€34,409 |
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 28 October 2026 via checked.be.