JUST-IN: 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-IN
Largest movements
- Receivables within one year +€86,218
up €86,218 (+254%), from €34,011 to €120,229
of which Other amounts receivable: +€89,564
- Receivables after one year -€70,000
no longer reported in 2025 (was €70,000)
- Cash +€12,633
up €12,633 (+27.2%), from €46,524 to €59,157
mainly Receivables after one year (+€70,000) and Net result for the year (+€37,653)
- Stocks and contracts -€11,087
down €11,087 (-41.0%), from €27,046 to €15,959
- Reserves +€31,415
up €31,415 (+18.0%), from €174,975 to €206,390
of which Distributable reserves: +€31,415
- Profit (loss) carried forward -€10,000
down €10,000 (-64.3%), from €15,550 to €5,550
- Gross operating margin +€31,169
up €31,169 (+49.0%), from €63,550 to €94,719
- Depreciation +€21,103
up €21,103 (+281%), from €7,503 to €28,606
- Write-downs +€12,295
new in 2025: €12,295
- Taxes -€1,251
down €1,251 (-5.9%), from €21,078 to €19,827
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 | €237,262 | €257,310 | +€20,048 | +8.4% |
| Formation expenses | 20 | €1,131 | €829 | -€302 | -26.7% |
| Fixed assets | 21/28 | €58,283 | €60,599 | +€2,316 | +4.0% |
| Tangible fixed assets | 22/27 | €58,283 | €60,599 | +€2,316 | +4.0% |
| Plant, machinery and equipment | 23 | €56,077 | €49,549 | -€6,528 | -11.6% |
| Furniture and vehicles | 24 | €2,206 | €11,050 | +€8,844 | +401% |
| Current assets | 29/58 | €177,848 | €195,882 | +€18,034 | +10.1% |
| Amounts receivable after more than one year | 29 | €70,000 | - | -€70,000 | |
| Other amounts receivable | 291 | €70,000 | - | -€70,000 | |
| Stocks and contracts in progress | 3 | €27,046 | €15,959 | -€11,087 | -41.0% |
| Stocks | 30/36 | €27,046 | €15,959 | -€11,087 | -41.0% |
| Amounts receivable within one year | 40/41 | €34,011 | €120,229 | +€86,218 | +254% |
| Trade receivables | 40 | €14,304 | €10,958 | -€3,346 | -23.4% |
| Other amounts receivable | 41 | €19,707 | €109,271 | +€89,564 | +454% |
| Cash at bank and in hand | 54/58 | €46,524 | €59,157 | +€12,633 | +27.2% |
| Deferred charges and accrued income | 490/1 | €267 | €537 | +€270 | +101% |
| Total equity and liabilities | 10/49 | €237,262 | €257,310 | +€20,048 | +8.4% |
| Equity | 10/15 | €209,125 | €230,540 | +€21,415 | +10.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €174,975 | €206,390 | +€31,415 | +18.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €173,115 | €204,530 | +€31,415 | +18.1% |
| Profit (loss) carried forward | 14 | €15,550 | €5,550 | -€10,000 | -64.3% |
| Amounts payable | 17/49 | €28,137 | €26,770 | -€1,367 | -4.9% |
| Amounts payable within one year | 42/48 | €28,137 | €26,770 | -€1,367 | -4.9% |
| Trade debts | 44 | €1,506 | €670 | -€836 | -55.5% |
| Suppliers | 440/4 | €1,506 | €670 | -€836 | -55.5% |
| Taxes, remuneration and social security | 45 | €26,631 | €26,100 | -€531 | -2.0% |
| Taxes | 450/3 | €26,631 | €26,100 | -€531 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,503 | €28,606 | +€21,103 | +281% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €12,295 | +€12,295 | |
| Other operating charges | 640/8 | €1,096 | €956 | -€140 | -12.8% |
| Gross operating margin | 9900 | €63,550 | €94,719 | +€31,169 | +49.0% |
| Operating profit (loss) | 9901 | €54,951 | €52,862 | -€2,089 | -3.8% |
| Financial income | 75/76B | €5,891 | €5,327 | -€564 | -9.6% |
| Recurring financial income | 75 | €5,891 | €5,327 | -€564 | -9.6% |
| Financial charges | 65/66B | €704 | €709 | +€5 | +0.7% |
| Recurring financial charges | 65 | €704 | €709 | +€5 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €60,138 | €57,480 | -€2,658 | -4.4% |
| Income taxes | 67/77 | €21,078 | €19,827 | -€1,251 | -5.9% |
| Profit (loss) for the period | 9904 | €39,060 | €37,653 | -€1,407 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €39,060 | €37,653 | -€1,407 | -3.6% |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.