JUST MAKES IT: 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 MAKES IT
Largest movements
- Cash -€13,610
down €13,610 (-6.4%), from €214,090 to €200,481
mainly Tax, wage and social debts (-€38,725) and Receivables within one year (-€10,335)
- Receivables within one year +€10,335
up €10,335 (+158%), from €6,552 to €16,887
of which Trade receivables: +€10,334
- Tax, wage and social debts -€38,725
down €38,725 (-54.3%), from €71,348 to €32,622
of which Taxes: -€41,772
- Reserves +€34,199
up €34,199 (+22.7%), from €150,800 to €184,999
- Gross operating margin +€77,811
up €77,811 (+323%), from €24,086 to €101,898
- Financial charges +€54,211
up €54,211 (+3,689%), from €1,470 to €55,681
- Taxes +€7,347
up €7,347 (+109%), from €6,739 to €14,086
- Financial income +€1,505
up €1,505 (+141%), from €1,066 to €2,571
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 | €225,587 | €221,893 | -€3,694 | -1.6% |
| Fixed assets | 21/28 | €577 | €74 | -€503 | -87.3% |
| Tangible fixed assets | 22/27 | €577 | €74 | -€503 | -87.3% |
| Furniture and vehicles | 24 | €577 | €74 | -€503 | -87.3% |
| Current assets | 29/58 | €225,010 | €221,820 | -€3,190 | -1.4% |
| Amounts receivable within one year | 40/41 | €6,552 | €16,887 | +€10,335 | +158% |
| Trade receivables | 40 | €6,545 | €16,880 | +€10,334 | +158% |
| Other amounts receivable | 41 | €7 | €8 | +€1 | +13.1% |
| Cash at bank and in hand | 54/58 | €214,090 | €200,481 | -€13,610 | -6.4% |
| Deferred charges and accrued income | 490/1 | €4,368 | €4,452 | +€84 | +1.9% |
| Total equity and liabilities | 10/49 | €225,587 | €221,893 | -€3,694 | -1.6% |
| Equity | 10/15 | €151,800 | €185,999 | +€34,199 | +22.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €150,800 | €184,999 | +€34,199 | +22.7% |
| Distributable reserves | 133 | €150,800 | €184,999 | +€34,199 | +22.7% |
| Amounts payable | 17/49 | €73,787 | €35,894 | -€37,893 | -51.4% |
| Amounts payable within one year | 42/48 | €73,526 | €35,504 | -€38,022 | -51.7% |
| Trade debts | 44 | €2,170 | €2,822 | +€652 | +30.0% |
| Suppliers | 440/4 | €2,170 | €2,822 | +€652 | +30.0% |
| Taxes, remuneration and social security | 45 | €71,348 | €32,622 | -€38,725 | -54.3% |
| Taxes | 450/3 | €71,348 | €29,576 | -€41,772 | -58.5% |
| Remuneration and social security | 454/9 | - | €3,046 | +€3,046 | |
| Other amounts payable | 47/48 | €8 | €59 | +€51 | +669% |
| Accrued charges and deferred income | 492/3 | €261 | €391 | +€130 | +49.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €599 | €503 | -€95 | -15.9% |
| Gross operating margin | 9900 | €24,086 | €101,898 | +€77,811 | +323% |
| Operating profit (loss) | 9901 | €23,488 | €101,394 | +€77,906 | +332% |
| Financial income | 75/76B | €1,066 | €2,571 | +€1,505 | +141% |
| Recurring financial income | 75 | €1,066 | €2,571 | +€1,505 | +141% |
| Financial charges | 65/66B | €1,470 | €55,681 | +€54,211 | +3,689% |
| Recurring financial charges | 65 | €1,470 | €55,681 | +€54,211 | +3,689% |
| Profit (loss) for the period before taxes | 9903 | €23,084 | €48,285 | +€25,200 | +109% |
| Income taxes | 67/77 | €6,739 | €14,086 | +€7,347 | +109% |
| Profit (loss) for the period | 9904 | €16,345 | €34,199 | +€17,854 | +109% |
| Profit (loss) for the period to be appropriated | 9905 | €16,345 | €34,199 | +€17,854 | +109% |
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 14 October 2026 via checked.be.