PJ: 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.
PJ
Largest movements
- Receivables within one year +€3,901
up €3,901 (+11.8%), from €33,119 to €37,020
of which Trade receivables: +€2,078
- Tangible fixed assets -€1,346
down €1,346 (-17.6%), from €7,638 to €6,292
of which Furniture and vehicles: -€1,190
- Reserves +€7,531
up €7,531 (+22.3%), from €33,823 to €41,354
of which Distributable reserves: +€7,531
- Current portion of long-term debt -€6,000
down €6,000 (-46.2%), from €13,000 to €7,000
- Trade debts +€1,720
up €1,720 (+22.2%), from €7,763 to €9,483
- Gross operating margin -€1,317
down €1,317 (-7.6%), from €17,240 to €15,923
- Taxes -€287
down €287 (-7.6%), from €3,778 to €3,491
- Depreciation -€215
down €215 (-5.7%), from €3,774 to €3,559
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 | €76,255 | €79,105 | +€2,850 | +3.7% |
| Fixed assets | 21/28 | €10,433 | €9,087 | -€1,346 | -12.9% |
| Tangible fixed assets | 22/27 | €7,638 | €6,292 | -€1,346 | -17.6% |
| Plant, machinery and equipment | 23 | €156 | - | -€156 | |
| Furniture and vehicles | 24 | €7,483 | €6,292 | -€1,190 | -15.9% |
| Financial fixed assets | 28 | €2,795 | €2,795 | = | 0.0% |
| Current assets | 29/58 | €65,822 | €70,018 | +€4,196 | +6.4% |
| Amounts receivable within one year | 40/41 | €33,119 | €37,020 | +€3,901 | +11.8% |
| Trade receivables | 40 | €14,955 | €17,033 | +€2,078 | +13.9% |
| Other amounts receivable | 41 | €18,164 | €19,987 | +€1,823 | +10.0% |
| Cash at bank and in hand | 54/58 | €29,946 | €30,195 | +€249 | +0.8% |
| Deferred charges and accrued income | 490/1 | €2,757 | €2,803 | +€46 | +1.7% |
| Total equity and liabilities | 10/49 | €76,255 | €79,105 | +€2,850 | +3.7% |
| Equity | 10/15 | €55,063 | €62,594 | +€7,531 | +13.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €33,823 | €41,354 | +€7,531 | +22.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €31,963 | €39,494 | +€7,531 | +23.6% |
| Profit (loss) carried forward | 14 | €15,040 | €15,040 | = | 0.0% |
| Amounts payable | 17/49 | €21,193 | €16,511 | -€4,681 | -22.1% |
| Amounts payable within one year | 42/48 | €21,193 | €16,511 | -€4,681 | -22.1% |
| Current portion of amounts payable after more than one year | 42 | €13,000 | €7,000 | -€6,000 | -46.2% |
| Trade debts | 44 | €7,763 | €9,483 | +€1,720 | +22.2% |
| Suppliers | 440/4 | €7,763 | €9,483 | +€1,720 | +22.2% |
| Taxes, remuneration and social security | 45 | €429 | €28 | -€401 | -93.5% |
| Remuneration and social security | 454/9 | €429 | €28 | -€401 | -93.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,774 | €3,559 | -€215 | -5.7% |
| Other operating charges | 640/8 | €387 | €527 | +€139 | +35.9% |
| Gross operating margin | 9900 | €17,240 | €15,923 | -€1,317 | -7.6% |
| Operating profit (loss) | 9901 | €13,079 | €11,838 | -€1,241 | -9.5% |
| Financial income | 75/76B | €1 | €4 | +€3 | +302.0% |
| Recurring financial income | 75 | €1 | €4 | +€3 | +302.0% |
| Financial charges | 65/66B | €825 | €819 | -€5 | -0.6% |
| Recurring financial charges | 65 | €825 | €819 | -€5 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €12,255 | €11,022 | -€1,233 | -10.1% |
| Income taxes | 67/77 | €3,778 | €3,491 | -€287 | -7.6% |
| Profit (loss) for the period | 9904 | €8,478 | €7,531 | -€946 | -11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,478 | €7,531 | -€946 | -11.2% |
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 6 October 2026 via checked.be.