JUST C: 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 C
Largest movements
- Receivables within one year -€27,679
down €27,679 (-45.3%), from €61,081 to €33,402
of which Trade receivables: -€28,097
- Stocks and contracts -€8,694
no longer reported in 2025 (was €8,694)
- Cash -€3,980
down €3,980 (-21.4%), from €18,612 to €14,632
mainly Advances received (-€18,540) and Net result for the year (-€13,313)
- Tangible fixed assets -€1,203
down €1,203 (-52.0%), from €2,316 to €1,113
of which Plant, machinery and equipment: -€758
- Financial fixed assets -€1,000
no longer reported in 2025 (was €1,000)
- Advances received -€18,540
down €18,540 (-58.7%), from €31,583 to €13,043
- Profit (loss) carried forward -€13,313
down €13,313 (-236.8%), from -€5,623 to -€18,935
- Trade debts -€6,737
down €6,737 (-17.5%), from €38,482 to €31,745
- Current portion of long-term debt -€2,192
down €2,192 (-74.6%), from €2,941 to €748
- Gross operating margin -€17,933
down €17,933, from €6,918 to -€11,015
- Staff costs -€11,275
no longer reported in 2025 (was €11,275)
- Other operating charges +€1,001
up €1,001 (+1615.2%), from €62 to €1,063
- Depreciation -€263
down €263 (-17.9%), from €1,466 to €1,203
- Financial charges -€257
down €257 (-60.9%), from €422 to €165
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 | €91,751 | €49,659 | -€42,092 | -45.9% |
| Fixed assets | 21/28 | €3,316 | €1,113 | -€2,203 | -66.4% |
| Tangible fixed assets | 22/27 | €2,316 | €1,113 | -€1,203 | -52.0% |
| Plant, machinery and equipment | 23 | €1,113 | €355 | -€758 | -68.1% |
| Furniture and vehicles | 24 | €1,203 | €757 | -€445 | -37.0% |
| Financial fixed assets | 28 | €1,000 | - | -€1,000 | |
| Current assets | 29/58 | €88,435 | €48,546 | -€39,889 | -45.1% |
| Stocks and contracts in progress | 3 | €8,694 | - | -€8,694 | |
| Stocks | 30/36 | €8,694 | - | -€8,694 | |
| Amounts receivable within one year | 40/41 | €61,081 | €33,402 | -€27,679 | -45.3% |
| Trade receivables | 40 | €58,768 | €30,670 | -€28,097 | -47.8% |
| Other amounts receivable | 41 | €2,313 | €2,732 | +€418 | +18.1% |
| Cash at bank and in hand | 54/58 | €18,612 | €14,632 | -€3,980 | -21.4% |
| Deferred charges and accrued income | 490/1 | €48 | €513 | +€464 | +964.5% |
| Total equity and liabilities | 10/49 | €91,751 | €49,659 | -€42,092 | -45.9% |
| Equity | 10/15 | €12,977 | -€335 | -€13,313 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,623 | -€18,935 | -€13,313 | -236.8% |
| Amounts payable | 17/49 | €78,774 | €49,994 | -€28,779 | -36.5% |
| Amounts payable after more than one year | 17 | €748 | - | -€748 | |
| Financial debts | 170/4 | €748 | - | -€748 | |
| Amounts payable within one year | 42/48 | €77,775 | €49,994 | -€27,780 | -35.7% |
| Current portion of amounts payable after more than one year | 42 | €2,941 | €748 | -€2,192 | -74.6% |
| Financial debts | 43 | - | €462 | +€462 | |
| Credit institutions | 430/8 | - | €462 | +€462 | |
| Trade debts | 44 | €38,482 | €31,745 | -€6,737 | -17.5% |
| Suppliers | 440/4 | €38,482 | €31,745 | -€6,737 | -17.5% |
| Advances received on contracts in progress | 46 | €31,583 | €13,043 | -€18,540 | -58.7% |
| Taxes, remuneration and social security | 45 | €4,769 | €3,995 | -€774 | -16.2% |
| Taxes | 450/3 | €4,769 | €3,789 | -€980 | -20.6% |
| Remuneration and social security | 454/9 | - | €207 | +€207 | |
| Accrued charges and deferred income | 492/3 | €251 | - | -€251 | |
| Remuneration, social security and pensions | 62 | €11,275 | - | -€11,275 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,466 | €1,203 | -€263 | -17.9% |
| Other operating charges | 640/8 | €62 | €1,063 | +€1,001 | +1615.2% |
| Gross operating margin | 9900 | €6,918 | -€11,015 | -€17,933 | |
| Operating profit (loss) | 9901 | -€5,885 | -€13,282 | -€7,397 | -125.7% |
| Financial income | 75/76B | €165 | €134 | -€31 | -18.9% |
| Recurring financial income | 75 | €165 | €134 | -€31 | -18.9% |
| Financial charges | 65/66B | €422 | €165 | -€257 | -60.9% |
| Recurring financial charges | 65 | €422 | €165 | -€257 | -60.9% |
| Profit (loss) for the period before taxes | 9903 | -€6,142 | -€13,313 | -€7,171 | -116.8% |
| Profit (loss) for the period | 9904 | -€6,142 | -€13,313 | -€7,171 | -116.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,142 | -€13,313 | -€7,171 | -116.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.