JUST PROCESS: 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 PROCESS
Largest movements
- Receivables within one year +€25,572
up €25,572 (+138.1%), from €18,523 to €44,095
of which Trade receivables: +€25,696
- Cash -€7,534
down €7,534 (-63.3%), from €11,893 to €4,359
mainly Receivables within one year (-€25,572) and Contributions, distributions and other (-€19,297)
- Tangible fixed assets -€2,780
no longer reported in 2025 (was €2,780)
- Tax, wage and social debts +€10,936
up €10,936 (+136.1%), from €8,033 to €18,969
- Profit (loss) carried forward +€6,645
no longer reported in 2025 (was -€6,645)
- Debts after one year -€2,292
down €2,292 (-24.2%), from €9,484 to €7,192
- Gross operating margin +€14,847
up €14,847 (+62.0%), from €23,950 to €38,797
- Taxes +€7,697
up €7,697 (+308.0%), from €2,499 to €10,196
- Depreciation -€4,915
down €4,915 (-63.9%), from €7,695 to €2,780
- Other operating charges +€824
up €824 (+209.1%), from €394 to €1,218
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 | €33,196 | €48,454 | +€15,258 | +46.0% |
| Fixed assets | 21/28 | €2,780 | - | -€2,780 | |
| Tangible fixed assets | 22/27 | €2,780 | - | -€2,780 | |
| Furniture and vehicles | 24 | €2,780 | - | -€2,780 | |
| Current assets | 29/58 | €30,416 | €48,454 | +€18,038 | +59.3% |
| Amounts receivable within one year | 40/41 | €18,523 | €44,095 | +€25,572 | +138.1% |
| Trade receivables | 40 | - | €25,696 | +€25,696 | |
| Other amounts receivable | 41 | €18,523 | €18,399 | -€124 | -0.7% |
| Cash at bank and in hand | 54/58 | €11,893 | €4,359 | -€7,534 | -63.3% |
| Total equity and liabilities | 10/49 | €33,196 | €48,454 | +€15,258 | +46.0% |
| Equity | 10/15 | €13,355 | €20,000 | +€6,645 | +49.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,645 | - | +€6,645 | |
| Amounts payable | 17/49 | €19,841 | €28,454 | +€8,613 | +43.4% |
| Amounts payable after more than one year | 17 | €9,484 | €7,192 | -€2,292 | -24.2% |
| Financial debts | 170/4 | €9,484 | €7,192 | -€2,292 | -24.2% |
| Amounts payable within one year | 42/48 | €10,357 | €21,262 | +€10,905 | +105.3% |
| Financial debts | 43 | €2,293 | €2,293 | = | 0.0% |
| Credit institutions | 430/8 | €2,293 | €2,293 | = | 0.0% |
| Trade debts | 44 | €31 | - | -€31 | |
| Suppliers | 440/4 | €31 | - | -€31 | |
| Taxes, remuneration and social security | 45 | €8,033 | €18,969 | +€10,936 | +136.1% |
| Taxes | 450/3 | €8,033 | €18,969 | +€10,936 | +136.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,695 | €2,780 | -€4,915 | -63.9% |
| Other operating charges | 640/8 | €394 | €1,218 | +€824 | +209.1% |
| Gross operating margin | 9900 | €23,950 | €38,797 | +€14,847 | +62.0% |
| Operating profit (loss) | 9901 | €15,861 | €34,799 | +€18,938 | +119.4% |
| Financial income | 75/76B | €1,335 | €1,612 | +€277 | +20.7% |
| Recurring financial income | 75 | €1,335 | €1,612 | +€277 | +20.7% |
| Financial charges | 65/66B | €387 | €273 | -€114 | -29.5% |
| Recurring financial charges | 65 | €387 | €273 | -€114 | -29.5% |
| Profit (loss) for the period before taxes | 9903 | €16,809 | €36,138 | +€19,329 | +115.0% |
| Income taxes | 67/77 | €2,499 | €10,196 | +€7,697 | +308.0% |
| Profit (loss) for the period | 9904 | €14,310 | €25,942 | +€11,632 | +81.3% |
| Profit (loss) for the period to be appropriated | 9905 | €14,310 | €25,942 | +€11,632 | +81.3% |
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 7 October 2026 via checked.be.