JOB: 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.
JOB
Largest movements
- Cash +€251,366
up €251,366 (+50.1%), from €501,250 to €752,616
mainly Depreciation (+€225,349) and Tax, wage and social debts (+€32,733)
- Tangible fixed assets -€225,862
down €225,862 (-18.6%), from €1.2m to €991,269
of which Plant, machinery and equipment: -€161,264
- Receivables within one year -€23,865
down €23,865 (-53.4%), from €44,696 to €20,832
of which Trade receivables: -€19,231
- Profit (loss) carried forward -€47,292
down €47,292 (-20.9%), from €226,045 to €178,753
- Tax, wage and social debts +€32,733
up €32,733 (+44.6%), from €73,364 to €106,097
of which Taxes: +€19,522
- Gross operating margin -€31,155
down €31,155 (-3.9%), from €792,465 to €761,311
- Staff costs +€27,245
up €27,245 (+5.1%), from €535,481 to €562,725
- Other operating charges -€20,913
down €20,913 (-77.9%), from €26,839 to €5,926
- Taxes -€10,565
down €10,565 (-36.8%), from €28,718 to €18,153
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 | €1,817,169 | €1,818,165 | +€996 | +0.1% |
| Fixed assets | 21/28 | €1,217,131 | €991,269 | -€225,862 | -18.6% |
| Tangible fixed assets | 22/27 | €1,217,131 | €991,269 | -€225,862 | -18.6% |
| Plant, machinery and equipment | 23 | €992,382 | €831,118 | -€161,264 | -16.3% |
| Furniture and vehicles | 24 | €224,749 | €160,150 | -€64,598 | -28.7% |
| Current assets | 29/58 | €600,038 | €826,896 | +€226,858 | +37.8% |
| Stocks and contracts in progress | 3 | €50,988 | €50,547 | -€441 | -0.9% |
| Stocks | 30/36 | €50,988 | €50,547 | -€441 | -0.9% |
| Amounts receivable within one year | 40/41 | €44,696 | €20,832 | -€23,865 | -53.4% |
| Trade receivables | 40 | €39,863 | €20,632 | -€19,231 | -48.2% |
| Other amounts receivable | 41 | €4,834 | €200 | -€4,634 | -95.9% |
| Cash at bank and in hand | 54/58 | €501,250 | €752,616 | +€251,366 | +50.1% |
| Deferred charges and accrued income | 490/1 | €3,104 | €2,902 | -€202 | -6.5% |
| Total equity and liabilities | 10/49 | €1,817,169 | €1,818,165 | +€996 | +0.1% |
| Equity | 10/15 | €1,701,045 | €1,653,753 | -€47,292 | -2.8% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Revaluation surpluses | 12 | €763,680 | €763,680 | = | 0.0% |
| Reserves | 13 | €461,320 | €461,320 | = | 0.0% |
| Non-distributable reserves | 130/1 | €461,320 | €461,320 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €436,320 | €436,320 | = | 0.0% |
| Profit (loss) carried forward | 14 | €226,045 | €178,753 | -€47,292 | -20.9% |
| Amounts payable | 17/49 | €116,125 | €164,412 | +€48,288 | +41.6% |
| Amounts payable within one year | 42/48 | €116,125 | €164,412 | +€48,288 | +41.6% |
| Trade debts | 44 | €42,760 | €57,466 | +€14,705 | +34.4% |
| Suppliers | 440/4 | €42,760 | €57,466 | +€14,705 | +34.4% |
| Advances received on contracts in progress | 46 | - | €850 | +€850 | |
| Taxes, remuneration and social security | 45 | €73,364 | €106,097 | +€32,733 | +44.6% |
| Taxes | 450/3 | €12,560 | €32,082 | +€19,522 | +155.4% |
| Remuneration and social security | 454/9 | €60,804 | €74,015 | +€13,211 | +21.7% |
| Remuneration, social security and pensions | 62 | €535,481 | €562,725 | +€27,245 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €227,972 | €225,349 | -€2,623 | -1.2% |
| Other operating charges | 640/8 | €26,839 | €5,926 | -€20,913 | -77.9% |
| Non-recurring operating charges | 66A | €148 | - | -€148 | |
| Gross operating margin | 9900 | €792,465 | €761,311 | -€31,155 | -3.9% |
| Operating profit (loss) | 9901 | €2,026 | -€32,690 | -€34,716 | |
| Financial income | 75/76B | €379 | €3,551 | +€3,173 | +837.9% |
| Recurring financial income | 75 | €379 | €2,661 | +€2,282 | +602.7% |
| Non-recurring financial income | 76B | - | €891 | +€891 | |
| Profit (loss) for the period before taxes | 9903 | €2,404 | -€29,139 | -€31,543 | |
| Income taxes | 67/77 | €28,718 | €18,153 | -€10,565 | -36.8% |
| Profit (loss) for the period | 9904 | -€26,314 | -€47,292 | -€20,978 | -79.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,314 | -€47,292 | -€20,978 | -79.7% |
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 3 October 2026 via checked.be.