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
- Receivables within one year -€7,787
down €7,787 (-62.5%), from €12,467 to €4,680
of which Trade receivables: -€8,214
- Cash +€3,896
up €3,896 (+104%), from €3,752 to €7,648
mainly Receivables within one year (+€7,787) and Deferred charges and accrued income (+€1,310)
- Financial fixed assets +€2,400
new in 2025: €2,400
- Deferred charges and accrued income -€1,310
down €1,310 (-100%), from €1,310 to €0
- Tax, wage and social debts -€2,817
down €2,817 (-100%), from €2,817 to €0
- Reserves -€636
down €636 (-12.5%), from €5,088 to €4,452
- Trade debts +€633
up €633 (+39.0%), from €1,623 to €2,255
- Gross operating margin -€10,558
down €10,558 (-98.3%), from €10,745 to €187
- Depreciation -€2,920
down €2,920 (-100%), from €2,920 to €0
- Taxes -€1,725
down €1,725 (-100%), from €1,725 to €0
- Other operating charges -€395
down €395 (-43.2%), from €915 to €520
- Financial charges +€207
up €207 (+214%), from €96 to €303
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 | €17,528 | €14,728 | -€2,801 | -16.0% |
| Fixed assets | 21/28 | - | €2,400 | +€2,400 | |
| Financial fixed assets | 28 | - | €2,400 | +€2,400 | |
| Current assets | 29/58 | €17,528 | €12,328 | -€5,201 | -29.7% |
| Amounts receivable within one year | 40/41 | €12,467 | €4,680 | -€7,787 | -62.5% |
| Trade receivables | 40 | €12,238 | €4,024 | -€8,214 | -67.1% |
| Other amounts receivable | 41 | €229 | €656 | +€427 | +186% |
| Cash at bank and in hand | 54/58 | €3,752 | €7,648 | +€3,896 | +104% |
| Deferred charges and accrued income | 490/1 | €1,310 | €0 | -€1,310 | -100% |
| Total equity and liabilities | 10/49 | €17,528 | €14,728 | -€2,801 | -16.0% |
| Equity | 10/15 | €10,088 | €9,452 | -€636 | -6.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €5,088 | €4,452 | -€636 | -12.5% |
| Distributable reserves | 133 | €5,088 | €4,452 | -€636 | -12.5% |
| Amounts payable | 17/49 | €7,440 | €5,275 | -€2,165 | -29.1% |
| Amounts payable within one year | 42/48 | €7,440 | €5,275 | -€2,165 | -29.1% |
| Trade debts | 44 | €1,623 | €2,255 | +€633 | +39.0% |
| Suppliers | 440/4 | €1,623 | €2,255 | +€633 | +39.0% |
| Taxes, remuneration and social security | 45 | €2,817 | €0 | -€2,817 | -100% |
| Taxes | 450/3 | €2,817 | €0 | -€2,817 | -100% |
| Other amounts payable | 47/48 | €3,000 | €3,020 | +€20 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,920 | €0 | -€2,920 | -100% |
| Other operating charges | 640/8 | €915 | €520 | -€395 | -43.2% |
| Gross operating margin | 9900 | €10,745 | €187 | -€10,558 | -98.3% |
| Operating profit (loss) | 9901 | €6,910 | -€333 | -€7,243 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €96 | €303 | +€207 | +214% |
| Recurring financial charges | 65 | €96 | €303 | +€207 | +214% |
| Profit (loss) for the period before taxes | 9903 | €6,813 | -€636 | -€7,449 | |
| Income taxes | 67/77 | €1,725 | €0 | -€1,725 | -100% |
| Profit (loss) for the period | 9904 | €5,088 | -€636 | -€5,724 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,088 | -€636 | -€5,724 |
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.