Just-B: 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.
Just-B
Largest movements
- Stocks and contracts -€37,526
down €37,526 (-100.0%), from €37,526 to €0
- Cash -€6,061
down €6,061 (-99.6%), from €6,082 to €22
mainly Trade debts (-€23,667) and Debts after one year (-€23,651)
- Receivables within one year -€5,056
down €5,056 (-98.5%), from €5,136 to €80
of which Other amounts receivable: -€2,958
- Deferred charges and accrued income -€709
down €709 (-84.6%), from €838 to €129
- Short-term financial debts +€43,960
up €43,960 (+729.0%), from €6,030 to €49,990
- Trade debts -€23,667
down €23,667 (-77.2%), from €30,637 to €6,971
- Debts after one year -€23,651
down €23,651 (-11.8%), from €200,000 to €176,349
- Tax, wage and social debts -€23,542
down €23,542 (-100.0%), from €23,542 to €0
of which Taxes: -€22,203
- Profit (loss) carried forward -€20,714
down €20,714 (-8.8%), from -€234,742 to -€255,456
- Write-downs -€242,708
down €242,708, from €121,354 to -€121,354
- Gross operating margin -€106,775
down €106,775 (-344.8%), from -€30,967 to -€137,742
- Depreciation -€8,578
down €8,578 (-100.0%), from €8,578 to €0
- Staff costs -€6,676
down €6,676 (-95.5%), from €6,991 to €315
- Other operating charges -€2,032
down €2,032 (-80.3%), from €2,532 to €499
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 | €49,582 | €230 | -€49,352 | -99.5% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €49,582 | €230 | -€49,352 | -99.5% |
| Stocks and contracts in progress | 3 | €37,526 | €0 | -€37,526 | -100.0% |
| Stocks | 30/36 | €37,526 | €0 | -€37,526 | -100.0% |
| Amounts receivable within one year | 40/41 | €5,136 | €80 | -€5,056 | -98.5% |
| Trade receivables | 40 | €2,098 | €0 | -€2,098 | -100.0% |
| Other amounts receivable | 41 | €3,038 | €80 | -€2,958 | -97.4% |
| Cash at bank and in hand | 54/58 | €6,082 | €22 | -€6,061 | -99.6% |
| Deferred charges and accrued income | 490/1 | €838 | €129 | -€709 | -84.6% |
| Total equity and liabilities | 10/49 | €49,582 | €230 | -€49,352 | -99.5% |
| Equity | 10/15 | -€214,742 | -€235,456 | -€20,714 | -9.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€234,742 | -€255,456 | -€20,714 | -8.8% |
| Amounts payable | 17/49 | €264,324 | €235,686 | -€28,638 | -10.8% |
| Amounts payable after more than one year | 17 | €200,000 | €176,349 | -€23,651 | -11.8% |
| Financial debts | 170/4 | €200,000 | €176,349 | -€23,651 | -11.8% |
| Amounts payable within one year | 42/48 | €63,521 | €58,475 | -€5,046 | -7.9% |
| Financial debts | 43 | €6,030 | €49,990 | +€43,960 | +729.0% |
| Credit institutions | 430/8 | €6,030 | €49,990 | +€43,960 | +729.0% |
| Trade debts | 44 | €30,637 | €6,971 | -€23,667 | -77.2% |
| Suppliers | 440/4 | €30,637 | €6,971 | -€23,667 | -77.2% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €23,542 | €0 | -€23,542 | -100.0% |
| Taxes | 450/3 | €22,203 | €0 | -€22,203 | -100.0% |
| Remuneration and social security | 454/9 | €1,339 | €0 | -€1,339 | -100.0% |
| Other amounts payable | 47/48 | €3,311 | €1,514 | -€1,797 | -54.3% |
| Accrued charges and deferred income | 492/3 | €803 | €862 | +€59 | +7.4% |
| Remuneration, social security and pensions | 62 | €6,991 | €315 | -€6,676 | -95.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,578 | €0 | -€8,578 | -100.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €121,354 | -€121,354 | -€242,708 | |
| Other operating charges | 640/8 | €2,532 | €499 | -€2,032 | -80.3% |
| Non-recurring operating charges | 66A | €11,960 | €0 | -€11,960 | -100.0% |
| Gross operating margin | 9900 | -€30,967 | -€137,742 | -€106,775 | -344.8% |
| Operating profit (loss) | 9901 | -€182,381 | -€17,202 | +€165,179 | +90.6% |
| Financial income | 75/76B | €243 | €0 | -€243 | -100.0% |
| Recurring financial income | 75 | €243 | €0 | -€243 | -100.0% |
| Financial charges | 65/66B | €4,891 | €3,512 | -€1,379 | -28.2% |
| Recurring financial charges | 65 | €4,891 | €3,512 | -€1,379 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | -€187,029 | -€20,714 | +€166,315 | +88.9% |
| Profit (loss) for the period | 9904 | -€187,029 | -€20,714 | +€166,315 | +88.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€187,029 | -€20,714 | +€166,315 | +88.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.