Jumat: 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.
Jumat
Largest movements
- Cash +€35,822
up €35,822 (+10.3%), from €349,110 to €384,932
mainly Net result for the year (+€263,894) and Other debts (+€162,268)
- Tangible fixed assets +€34,748
up €34,748 (+291%), from €11,933 to €46,681
- Stocks and contracts -€20,274
down €20,274 (-29.5%), from €68,744 to €48,470
- Receivables within one year +€13,253
up €13,253 (+12.3%), from €108,126 to €121,380
of which Trade receivables: +€38,325
- Other debts +€162,268
up €162,268 (+113%), from €143,815 to €306,083
- Reserves -€85,271
down €85,271 (-30.8%), from €276,560 to €191,290
- Trade debts -€76,974
down €76,974 (-80.4%), from €95,686 to €18,712
- Debts after one year +€40,057
up €40,057, from €0 to €40,057
- Tax, wage and social debts +€11,813
up €11,813 (+56.0%), from €21,099 to €32,912
of which Taxes: +€9,555
- Gross operating margin +€261,519
up €261,519 (+142%), from €184,022 to €445,541
- Taxes +€55,619
up €55,619 (+188%), from €29,663 to €85,281
- Staff costs +€37,272
up €37,272 (+114%), from €32,798 to €70,069
- Depreciation +€11,244
up €11,244 (+110%), from €10,228 to €21,472
- Financial charges -€7,326
down €7,326 (-67.1%), from €10,917 to €3,591
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 | €542,927 | €604,062 | +€61,136 | +11.3% |
| Fixed assets | 21/28 | €14,533 | €49,281 | +€34,748 | +239% |
| Tangible fixed assets | 22/27 | €11,933 | €46,681 | +€34,748 | +291% |
| Furniture and vehicles | 24 | €11,933 | €46,681 | +€34,748 | +291% |
| Financial fixed assets | 28 | €2,600 | €2,600 | = | 0.0% |
| Current assets | 29/58 | €528,394 | €554,782 | +€26,388 | +5.0% |
| Stocks and contracts in progress | 3 | €68,744 | €48,470 | -€20,274 | -29.5% |
| Stocks | 30/36 | €68,744 | €48,470 | -€20,274 | -29.5% |
| Amounts receivable within one year | 40/41 | €108,126 | €121,380 | +€13,253 | +12.3% |
| Trade receivables | 40 | €73,077 | €111,402 | +€38,325 | +52.4% |
| Other amounts receivable | 41 | €35,050 | €9,978 | -€25,072 | -71.5% |
| Cash at bank and in hand | 54/58 | €349,110 | €384,932 | +€35,822 | +10.3% |
| Deferred charges and accrued income | 490/1 | €2,413 | €0 | -€2,413 | -100% |
| Total equity and liabilities | 10/49 | €542,927 | €604,062 | +€61,136 | +11.3% |
| Equity | 10/15 | €279,060 | €193,790 | -€85,271 | -30.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €276,560 | €191,290 | -€85,271 | -30.8% |
| Distributable reserves | 133 | €276,560 | €191,290 | -€85,271 | -30.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €263,866 | €410,273 | +€146,406 | +55.5% |
| Amounts payable after more than one year | 17 | €0 | €40,057 | +€40,057 | |
| Financial debts | 170/4 | €0 | €40,057 | +€40,057 | |
| Amounts payable within one year | 42/48 | €263,866 | €370,215 | +€106,349 | +40.3% |
| Current portion of amounts payable after more than one year | 42 | €3,266 | €12,509 | +€9,242 | +283% |
| Trade debts | 44 | €95,686 | €18,712 | -€76,974 | -80.4% |
| Suppliers | 440/4 | €95,686 | €18,712 | -€76,974 | -80.4% |
| Taxes, remuneration and social security | 45 | €21,099 | €32,912 | +€11,813 | +56.0% |
| Taxes | 450/3 | €16,572 | €26,127 | +€9,555 | +57.7% |
| Remuneration and social security | 454/9 | €4,526 | €6,784 | +€2,258 | +49.9% |
| Other amounts payable | 47/48 | €143,815 | €306,083 | +€162,268 | +113% |
| Remuneration, social security and pensions | 62 | €32,798 | €70,069 | +€37,272 | +114% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,228 | €21,472 | +€11,244 | +110% |
| Other operating charges | 640/8 | €1,273 | €1,449 | +€176 | +13.8% |
| Gross operating margin | 9900 | €184,022 | €445,541 | +€261,519 | +142% |
| Operating profit (loss) | 9901 | €139,723 | €352,551 | +€212,828 | +152% |
| Financial income | 75/76B | €22 | €216 | +€194 | +903% |
| Recurring financial income | 75 | €22 | €216 | +€194 | +903% |
| Financial charges | 65/66B | €10,917 | €3,591 | -€7,326 | -67.1% |
| Recurring financial charges | 65 | €10,917 | €3,591 | -€7,326 | -67.1% |
| Profit (loss) for the period before taxes | 9903 | €128,828 | €349,176 | +€220,348 | +171% |
| Income taxes | 67/77 | €29,663 | €85,281 | +€55,619 | +188% |
| Profit (loss) for the period | 9904 | €99,165 | €263,894 | +€164,729 | +166% |
| Profit (loss) for the period to be appropriated | 9905 | €99,165 | €263,894 | +€164,729 | +166% |
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 21 October 2026 via checked.be.