M2J2: 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.
M2J2
Largest movements
- Cash -€19,395
down €19,395 (-54.1%), from €35,825 to €16,430
mainly Receivables within one year (-€13,646) and Net result for the year (-€5,171)
- Receivables within one year +€13,646
up €13,646 (+234.4%), from €5,823 to €19,469
of which Trade receivables: +€16,132
- Reserves -€5,171
down €5,171 (-22.1%), from €23,439 to €18,268
- Tax, wage and social debts -€1,860
down €1,860 (-46.7%), from €3,978 to €2,119
- Trade debts +€1,474
up €1,474 (+40.8%), from €3,614 to €5,089
- Gross operating margin -€13,538
down €13,538, from €12,182 to -€1,356
- Taxes -€2,449
down €2,449 (-68.8%), from €3,561 to €1,112
- Other operating charges +€610
up €610 (+106.4%), from €573 to €1,182
- Financial charges -€159
down €159 (-9.0%), from €1,778 to €1,618
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 | €41,647 | €35,899 | -€5,749 | -13.8% |
| Current assets | 29/58 | €41,647 | €35,899 | -€5,749 | -13.8% |
| Amounts receivable within one year | 40/41 | €5,823 | €19,469 | +€13,646 | +234.4% |
| Trade receivables | 40 | - | €16,132 | +€16,132 | |
| Other amounts receivable | 41 | €5,823 | €3,337 | -€2,486 | -42.7% |
| Cash at bank and in hand | 54/58 | €35,825 | €16,430 | -€19,395 | -54.1% |
| Total equity and liabilities | 10/49 | €41,647 | €35,899 | -€5,749 | -13.8% |
| Equity | 10/15 | €30,439 | €25,268 | -€5,171 | -17.0% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €23,439 | €18,268 | -€5,171 | -22.1% |
| Distributable reserves | 133 | €23,439 | €18,268 | -€5,171 | -22.1% |
| Amounts payable | 17/49 | €11,208 | €10,631 | -€578 | -5.2% |
| Amounts payable within one year | 42/48 | €10,824 | €10,631 | -€193 | -1.8% |
| Trade debts | 44 | €3,614 | €5,089 | +€1,474 | +40.8% |
| Suppliers | 440/4 | €3,614 | €5,089 | +€1,474 | +40.8% |
| Taxes, remuneration and social security | 45 | €3,978 | €2,119 | -€1,860 | -46.7% |
| Taxes | 450/3 | €3,978 | €2,119 | -€1,860 | -46.7% |
| Other amounts payable | 47/48 | €3,231 | €3,423 | +€192 | +5.9% |
| Accrued charges and deferred income | 492/3 | €384 | - | -€384 | |
| Other operating charges | 640/8 | €573 | €1,182 | +€610 | +106.4% |
| Gross operating margin | 9900 | €12,182 | -€1,356 | -€13,538 | |
| Operating profit (loss) | 9901 | €11,610 | -€2,538 | -€14,148 | |
| Financial income | 75/76B | €129 | €98 | -€31 | -24.3% |
| Recurring financial income | 75 | €129 | €98 | -€31 | -24.3% |
| Financial charges | 65/66B | €1,778 | €1,618 | -€159 | -9.0% |
| Recurring financial charges | 65 | €1,778 | €1,618 | -€159 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €9,961 | -€4,059 | -€14,020 | |
| Income taxes | 67/77 | €3,561 | €1,112 | -€2,449 | -68.8% |
| Profit (loss) for the period | 9904 | €6,400 | -€5,171 | -€11,571 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,400 | -€5,171 | -€11,571 |
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 2 October 2026 via checked.be.