just-PM: 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-PM
Largest movements
- Receivables within one year -€530
down €530 (-45.4%), from €1,168 to €638
- Cash -€499
down €499 (-2.7%), from €18,443 to €17,944
mainly Net result for the year (-€4,319) and Trade debts (-€42)
- Profit (loss) carried forward -€4,319
down €4,319 (-48.7%), from €8,872 to €4,553
- Other debts +€3,331
up €3,331 (+152.3%), from €2,188 to €5,519
- Gross operating margin -€84
down €84 (-2.3%), from -€3,649 to -€3,733
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 | €19,741 | €18,712 | -€1,029 | -5.2% |
| Fixed assets | 21/28 | €130 | €130 | = | 0.0% |
| Financial fixed assets | 28 | €130 | €130 | = | 0.0% |
| Current assets | 29/58 | €19,611 | €18,582 | -€1,029 | -5.2% |
| Amounts receivable within one year | 40/41 | €1,168 | €638 | -€530 | -45.4% |
| Other amounts receivable | 41 | €1,168 | €638 | -€530 | -45.4% |
| Cash at bank and in hand | 54/58 | €18,443 | €17,944 | -€499 | -2.7% |
| Total equity and liabilities | 10/49 | €19,741 | €18,712 | -€1,029 | -5.2% |
| Equity | 10/15 | €16,932 | €12,613 | -€4,319 | -25.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,872 | €4,553 | -€4,319 | -48.7% |
| Amounts payable | 17/49 | €2,810 | €6,099 | +€3,290 | +117.1% |
| Amounts payable within one year | 42/48 | €2,810 | €6,099 | +€3,290 | +117.1% |
| Trade debts | 44 | €622 | €580 | -€42 | -6.7% |
| Suppliers | 440/4 | €622 | €580 | -€42 | -6.7% |
| Other amounts payable | 47/48 | €2,188 | €5,519 | +€3,331 | +152.3% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€3,649 | -€3,733 | -€84 | -2.3% |
| Operating profit (loss) | 9901 | -€4,036 | -€4,133 | -€97 | -2.4% |
| Financial charges | 65/66B | €177 | €186 | +€9 | +5.1% |
| Recurring financial charges | 65 | €177 | €186 | +€9 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,213 | -€4,319 | -€106 | -2.5% |
| Profit (loss) for the period | 9904 | -€4,213 | -€4,319 | -€106 | -2.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,213 | -€4,319 | -€106 | -2.5% |
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 11 October 2026 via checked.be.