JUST-INE: 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-INE
Largest movements
- Cash -€143,090
down €143,090 (-89.7%), from €159,503 to €16,413
mainly Receivables within one year (-€125,682) and Trade debts (-€12,760)
- Receivables within one year +€125,682
up €125,682 (+13078.3%), from €961 to €126,643
- Trade debts -€12,760
no longer reported in 2025 (was €12,760)
- Reserves -€5,644
down €5,644 (-12.4%), from €45,658 to €40,014
- Financial income -€1,220
no longer reported in 2025 (was €1,220)
- Gross operating margin +€323
up €323 (+8.0%), from -€4,020 to -€3,697
- Depreciation -€215
down €215 (-17.8%), from €1,211 to €996
- Taxes +€94
no longer reported in 2025 (was -€94)
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 | €162,289 | €143,885 | -€18,404 | -11.3% |
| Fixed assets | 21/28 | €1,825 | €829 | -€996 | -54.6% |
| Intangible fixed assets | 21 | €1,825 | €829 | -€996 | -54.6% |
| Current assets | 29/58 | €160,464 | €143,056 | -€17,408 | -10.8% |
| Amounts receivable within one year | 40/41 | €961 | €126,643 | +€125,682 | +13078.3% |
| Other amounts receivable | 41 | €961 | €126,643 | +€125,682 | +13078.3% |
| Cash at bank and in hand | 54/58 | €159,503 | €16,413 | -€143,090 | -89.7% |
| Total equity and liabilities | 10/49 | €162,289 | €143,885 | -€18,404 | -11.3% |
| Equity | 10/15 | €145,658 | €140,014 | -€5,644 | -3.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €45,658 | €40,014 | -€5,644 | -12.4% |
| Distributable reserves | 133 | €45,658 | €40,014 | -€5,644 | -12.4% |
| Amounts payable | 17/49 | €16,631 | €3,871 | -€12,760 | -76.7% |
| Amounts payable within one year | 42/48 | €16,631 | €3,871 | -€12,760 | -76.7% |
| Trade debts | 44 | €12,760 | - | -€12,760 | |
| Suppliers | 440/4 | €12,760 | - | -€12,760 | |
| Other amounts payable | 47/48 | €3,871 | €3,871 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,211 | €996 | -€215 | -17.8% |
| Other operating charges | 640/8 | €387 | €400 | +€13 | +3.4% |
| Gross operating margin | 9900 | -€4,020 | -€3,697 | +€323 | +8.0% |
| Operating profit (loss) | 9901 | -€5,618 | -€5,093 | +€525 | +9.3% |
| Financial income | 75/76B | €1,220 | - | -€1,220 | |
| Recurring financial income | 75 | €1,220 | - | -€1,220 | |
| Financial charges | 65/66B | €551 | €551 | = | 0.0% |
| Recurring financial charges | 65 | €551 | €551 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,949 | -€5,644 | -€695 | -14.0% |
| Income taxes | 67/77 | -€94 | - | +€94 | |
| Profit (loss) for the period | 9904 | -€4,855 | -€5,644 | -€789 | -16.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,855 | -€5,644 | -€789 | -16.3% |
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 9 October 2026 via checked.be.