JUNIOR: 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.
JUNIOR
Largest movements
- Cash -€39,016
down €39,016 (-62.1%), from €62,780 to €23,765
mainly Trade debts (-€25,202) and Receivables within one year (-€14,867)
- Receivables within one year +€14,867
up €14,867 (+3.9%), from €384,463 to €399,330
of which Trade receivables: +€18,950
- Trade debts -€25,202
down €25,202 (-91.7%), from €27,483 to €2,281
- Accrued charges and deferred income -€13,700
down €13,700 (-97.4%), from €14,064 to €364
- Tax, wage and social debts +€9,673
up €9,673 (+22.2%), from €43,474 to €53,147
of which Remuneration and social security: +€7,837
- Reserves +€7,400
up €7,400 (+11.8%), from €62,814 to €70,214
of which Distributable reserves: +€7,400
- Staff costs +€31,849
up €31,849 (+73.6%), from €43,259 to €75,109
- Gross operating margin -€21,912
down €21,912 (-19.1%), from €114,574 to €92,663
- Taxes -€13,742
down €13,742 (-78.4%), from €17,537 to €3,796
- Financial charges -€4,121
down €4,121 (-49.6%), from €8,314 to €4,193
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 | €479,901 | €455,010 | -€24,891 | -5.2% |
| Fixed assets | 21/28 | €8,259 | €7,041 | -€1,218 | -14.7% |
| Tangible fixed assets | 22/27 | €4,485 | €3,268 | -€1,218 | -27.1% |
| Plant, machinery and equipment | 23 | €4,128 | €3,080 | -€1,048 | -25.4% |
| Furniture and vehicles | 24 | €358 | €188 | -€170 | -47.4% |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Financial fixed assets | 28 | €3,773 | €3,773 | = | 0.0% |
| Current assets | 29/58 | €471,642 | €447,969 | -€23,673 | -5.0% |
| Stocks and contracts in progress | 3 | €1,988 | €2,458 | +€470 | +23.7% |
| Stocks | 30/36 | €1,988 | €2,458 | +€470 | +23.7% |
| Amounts receivable within one year | 40/41 | €384,463 | €399,330 | +€14,867 | +3.9% |
| Trade receivables | 40 | €8 | €18,958 | +€18,950 | +244204.1% |
| Other amounts receivable | 41 | €384,455 | €380,372 | -€4,083 | -1.1% |
| Cash at bank and in hand | 54/58 | €62,780 | €23,765 | -€39,016 | -62.1% |
| Deferred charges and accrued income | 490/1 | €22,411 | €22,417 | +€5 | 0.0% |
| Total equity and liabilities | 10/49 | €479,901 | €455,010 | -€24,891 | -5.2% |
| Equity | 10/15 | €379,851 | €387,267 | +€7,417 | +2.0% |
| Contributions | 10/11 | €7,437 | €7,437 | = | 0.0% |
| Reserves | 13 | €62,814 | €70,214 | +€7,400 | +11.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €47,054 | €47,054 | = | 0.0% |
| Distributable reserves | 133 | €13,901 | €21,301 | +€7,400 | +53.2% |
| Profit (loss) carried forward | 14 | €309,600 | €309,617 | +€17 | 0.0% |
| Amounts payable | 17/49 | €100,050 | €67,743 | -€32,307 | -32.3% |
| Amounts payable after more than one year | 17 | €3,400 | €0 | -€3,400 | -100.0% |
| Financial debts | 170/4 | €3,400 | €0 | -€3,400 | -100.0% |
| Amounts payable within one year | 42/48 | €82,586 | €67,379 | -€15,207 | -18.4% |
| Current portion of amounts payable after more than one year | 42 | €3,058 | €3,380 | +€323 | +10.6% |
| Trade debts | 44 | €27,483 | €2,281 | -€25,202 | -91.7% |
| Suppliers | 440/4 | €27,483 | €2,281 | -€25,202 | -91.7% |
| Taxes, remuneration and social security | 45 | €43,474 | €53,147 | +€9,673 | +22.2% |
| Taxes | 450/3 | €36,114 | €37,949 | +€1,836 | +5.1% |
| Remuneration and social security | 454/9 | €7,361 | €15,197 | +€7,837 | +106.5% |
| Other amounts payable | 47/48 | €8,571 | €8,571 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €14,064 | €364 | -€13,700 | -97.4% |
| Remuneration, social security and pensions | 62 | €43,259 | €75,109 | +€31,849 | +73.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,044 | €1,218 | +€174 | +16.7% |
| Other operating charges | 640/8 | €541 | €931 | +€390 | +72.1% |
| Gross operating margin | 9900 | €114,574 | €92,663 | -€21,912 | -19.1% |
| Operating profit (loss) | 9901 | €69,730 | €15,405 | -€54,325 | -77.9% |
| Financial income | 75/76B | €37 | - | -€37 | |
| Recurring financial income | 75 | €37 | - | -€37 | |
| Financial charges | 65/66B | €8,314 | €4,193 | -€4,121 | -49.6% |
| Recurring financial charges | 65 | €8,314 | €4,193 | -€4,121 | -49.6% |
| Profit (loss) for the period before taxes | 9903 | €61,454 | €11,213 | -€50,241 | -81.8% |
| Income taxes | 67/77 | €17,537 | €3,796 | -€13,742 | -78.4% |
| Profit (loss) for the period | 9904 | €43,916 | €7,417 | -€36,499 | -83.1% |
| Profit (loss) for the period to be appropriated | 9905 | €43,916 | €7,417 | -€36,499 | -83.1% |
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 11 October 2026 via checked.be.