Justé Marleen: 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.
Justé Marleen
Largest movements
- Receivables after one year -€29,000
no longer reported in 2025 (was €29,000)
- Receivables within one year -€21,232
down €21,232 (-66.9%), from €31,737 to €10,506
of which Other amounts receivable: -€18,504
- Cash -€7,706
down €7,706 (-11.7%), from €65,994 to €58,288
mainly Contributions, distributions and other (-€68,923) and Debts after one year (-€9,000)
- Tangible fixed assets -€1,992
down €1,992 (-52.1%), from €3,820 to €1,828
- Reserves -€53,411
down €53,411 (-48.8%), from €109,460 to €56,049
- Debts after one year -€9,000
no longer reported in 2025 (was €9,000)
- Trade debts -€5,721
down €5,721 (-97.6%), from €5,865 to €143
- Tax, wage and social debts +€4,959
new in 2025: €4,959
- Other debts +€3,223
up €3,223 (+403%), from €800 to €4,023
- Gross operating margin -€14,739
down €14,739 (-34.5%), from €42,673 to €27,934
- Taxes -€4,832
down €4,832 (-38.3%), from €12,603 to €7,771
- Depreciation -€928
down €928 (-31.8%), from €2,919 to €1,992
- Financial income -€730
down €730 (-72.1%), from €1,012 to €282
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 | €130,572 | €70,644 | -€59,928 | -45.9% |
| Fixed assets | 21/28 | €3,820 | €1,828 | -€1,992 | -52.1% |
| Tangible fixed assets | 22/27 | €3,820 | €1,828 | -€1,992 | -52.1% |
| Furniture and vehicles | 24 | €3,820 | €1,828 | -€1,992 | -52.1% |
| Current assets | 29/58 | €126,752 | €68,816 | -€57,936 | -45.7% |
| Amounts receivable after more than one year | 29 | €29,000 | - | -€29,000 | |
| Other amounts receivable | 291 | €29,000 | - | -€29,000 | |
| Amounts receivable within one year | 40/41 | €31,737 | €10,506 | -€21,232 | -66.9% |
| Trade receivables | 40 | €13,233 | €10,506 | -€2,727 | -20.6% |
| Other amounts receivable | 41 | €18,504 | - | -€18,504 | |
| Cash at bank and in hand | 54/58 | €65,994 | €58,288 | -€7,706 | -11.7% |
| Deferred charges and accrued income | 490/1 | €21 | €22 | +€1 | +3.3% |
| Total equity and liabilities | 10/49 | €130,572 | €70,644 | -€59,928 | -45.9% |
| Equity | 10/15 | €110,010 | €56,599 | -€53,411 | -48.6% |
| Contributions | 10/11 | €550 | €550 | = | 0.0% |
| Reserves | 13 | €109,460 | €56,049 | -€53,411 | -48.8% |
| Distributable reserves | 133 | €109,460 | €56,049 | -€53,411 | -48.8% |
| Amounts payable | 17/49 | €20,562 | €14,045 | -€6,517 | -31.7% |
| Amounts payable after more than one year | 17 | €9,000 | - | -€9,000 | |
| Financial debts | 170/4 | €9,000 | - | -€9,000 | |
| Amounts payable within one year | 42/48 | €11,562 | €14,045 | +€2,483 | +21.5% |
| Current portion of amounts payable after more than one year | 42 | €4,898 | €4,920 | +€22 | +0.4% |
| Trade debts | 44 | €5,865 | €143 | -€5,721 | -97.6% |
| Suppliers | 440/4 | €5,865 | €143 | -€5,721 | -97.6% |
| Taxes, remuneration and social security | 45 | - | €4,959 | +€4,959 | |
| Taxes | 450/3 | - | €4,959 | +€4,959 | |
| Other amounts payable | 47/48 | €800 | €4,023 | +€3,223 | +403% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,919 | €1,992 | -€928 | -31.8% |
| Other operating charges | 640/8 | €608 | €506 | -€102 | -16.8% |
| Gross operating margin | 9900 | €42,673 | €27,934 | -€14,739 | -34.5% |
| Operating profit (loss) | 9901 | €39,146 | €25,436 | -€13,709 | -35.0% |
| Financial income | 75/76B | €1,012 | €282 | -€730 | -72.1% |
| Recurring financial income | 75 | €1,012 | €282 | -€730 | -72.1% |
| Financial charges | 65/66B | €2,234 | €2,436 | +€202 | +9.0% |
| Recurring financial charges | 65 | €2,234 | €2,436 | +€202 | +9.0% |
| Profit (loss) for the period before taxes | 9903 | €37,924 | €23,282 | -€14,642 | -38.6% |
| Income taxes | 67/77 | €12,603 | €7,771 | -€4,832 | -38.3% |
| Profit (loss) for the period | 9904 | €25,321 | €15,512 | -€9,809 | -38.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,321 | €15,512 | -€9,809 | -38.7% |
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 16 October 2026 via checked.be.