JUST: 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.
JUST
Largest movements
- Cash -€1,280
down €1,280 (-5.1%), from €25,137 to €23,857
mainly Net result for the year (-€3,172) and Deferred charges and accrued income (-€1)
- Profit (loss) carried forward -€3,172
down €3,172 (-73.7%), from -€4,302 to -€7,475
- Trade debts +€875
up €875 (+14.5%), from €6,027 to €6,902
- Accrued charges and deferred income +€562
up €562 (+906%), from €62 to €624
- Gross operating margin +€437
up €437 (+15.6%), from -€2,805 to -€2,368
- Depreciation -€310
down €310 (-51.3%), from €604 to €294
- Financial income -€47
down €47 (-19.2%), from €243 to €197
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 | €31,222 | €29,486 | -€1,735 | -5.6% |
| Fixed assets | 21/28 | €335 | €41 | -€294 | -87.9% |
| Tangible fixed assets | 22/27 | €335 | €41 | -€294 | -87.9% |
| Plant, machinery and equipment | 23 | €335 | €41 | -€294 | -87.9% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €30,887 | €29,446 | -€1,441 | -4.7% |
| Amounts receivable within one year | 40/41 | €5,693 | €5,531 | -€162 | -2.9% |
| Trade receivables | 40 | €1,690 | €1,690 | = | 0.0% |
| Other amounts receivable | 41 | €4,003 | €3,841 | -€162 | -4.1% |
| Cash at bank and in hand | 54/58 | €25,137 | €23,857 | -€1,280 | -5.1% |
| Deferred charges and accrued income | 490/1 | €57 | €58 | +€1 | +2.2% |
| Total equity and liabilities | 10/49 | €31,222 | €29,486 | -€1,735 | -5.6% |
| Equity | 10/15 | €25,133 | €21,960 | -€3,172 | -12.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €9,435 | €9,435 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €7,435 | €7,435 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,302 | -€7,475 | -€3,172 | -73.7% |
| Amounts payable | 17/49 | €6,089 | €7,526 | +€1,437 | +23.6% |
| Amounts payable within one year | 42/48 | €6,027 | €6,902 | +€875 | +14.5% |
| Trade debts | 44 | €6,027 | €6,902 | +€875 | +14.5% |
| Suppliers | 440/4 | €6,027 | €6,902 | +€875 | +14.5% |
| Accrued charges and deferred income | 492/3 | €62 | €624 | +€562 | +906% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €604 | €294 | -€310 | -51.3% |
| Other operating charges | 640/8 | €641 | €659 | +€18 | +2.8% |
| Gross operating margin | 9900 | -€2,805 | -€2,368 | +€437 | +15.6% |
| Operating profit (loss) | 9901 | -€4,049 | -€3,321 | +€728 | +18.0% |
| Financial income | 75/76B | €243 | €197 | -€47 | -19.2% |
| Recurring financial income | 75 | €243 | €197 | -€47 | -19.2% |
| Financial charges | 65/66B | €47 | €48 | +€1 | +2.7% |
| Recurring financial charges | 65 | €47 | €48 | +€1 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,853 | -€3,172 | +€680 | +17.7% |
| Profit (loss) for the period | 9904 | -€3,853 | -€3,172 | +€680 | +17.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,853 | -€3,172 | +€680 | +17.7% |
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 17 October 2026 via checked.be.