PJ ADVICE: 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.
PJ ADVICE
Largest movements
- Cash +€52,707
up €52,707 (+157.2%), from €33,525 to €86,232
mainly Net result for the year (+€42,597) and Tax, wage and social debts (+€15,962)
- Receivables within one year +€6,211
up €6,211 (+66.2%), from €9,380 to €15,591
- Profit (loss) carried forward +€42,597
up €42,597 (+178.1%), from €23,920 to €66,518
- Tax, wage and social debts +€15,962
up €15,962 (+94.6%), from €16,869 to €32,832
of which Taxes: +€15,962
- Gross operating margin +€24,969
up €24,969 (+74.6%), from €33,453 to €58,422
- Taxes +€5,664
up €5,664 (+81.6%), from €6,944 to €12,608
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 | €45,473 | €103,297 | +€57,825 | +127.2% |
| Fixed assets | 21/28 | €1,500 | €1,137 | -€363 | -24.2% |
| Tangible fixed assets | 22/27 | €1,500 | €1,137 | -€363 | -24.2% |
| Furniture and vehicles | 24 | €1,500 | €1,137 | -€363 | -24.2% |
| Current assets | 29/58 | €43,973 | €102,160 | +€58,188 | +132.3% |
| Amounts receivable within one year | 40/41 | €9,380 | €15,591 | +€6,211 | +66.2% |
| Trade receivables | 40 | €9,380 | €15,591 | +€6,211 | +66.2% |
| Cash at bank and in hand | 54/58 | €33,525 | €86,232 | +€52,707 | +157.2% |
| Deferred charges and accrued income | 490/1 | €1,067 | €337 | -€730 | -68.4% |
| Total equity and liabilities | 10/49 | €45,473 | €103,297 | +€57,825 | +127.2% |
| Equity | 10/15 | €25,920 | €68,518 | +€42,597 | +164.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,920 | €66,518 | +€42,597 | +178.1% |
| Amounts payable | 17/49 | €19,552 | €34,779 | +€15,227 | +77.9% |
| Amounts payable within one year | 42/48 | €19,462 | €34,692 | +€15,230 | +78.3% |
| Trade debts | 44 | €1,725 | €1,280 | -€444 | -25.8% |
| Suppliers | 440/4 | €1,725 | €1,280 | -€444 | -25.8% |
| Taxes, remuneration and social security | 45 | €16,869 | €32,832 | +€15,962 | +94.6% |
| Taxes | 450/3 | €14,869 | €30,832 | +€15,962 | +107.3% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €868 | €580 | -€288 | -33.2% |
| Accrued charges and deferred income | 492/3 | €90 | €88 | -€3 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €316 | €363 | +€48 | +15.1% |
| Gross operating margin | 9900 | €33,453 | €58,422 | +€24,969 | +74.6% |
| Operating profit (loss) | 9901 | €33,137 | €58,059 | +€24,921 | +75.2% |
| Financial income | 75/76B | €101 | €2 | -€99 | -98.0% |
| Recurring financial income | 75 | €101 | €2 | -€99 | -98.0% |
| Financial charges | 65/66B | €2,374 | €2,855 | +€481 | +20.3% |
| Recurring financial charges | 65 | €2,374 | €2,855 | +€481 | +20.3% |
| Profit (loss) for the period before taxes | 9903 | €30,864 | €55,206 | +€24,341 | +78.9% |
| Income taxes | 67/77 | €6,944 | €12,608 | +€5,664 | +81.6% |
| Profit (loss) for the period | 9904 | €23,920 | €42,597 | +€18,677 | +78.1% |
| Profit (loss) for the period to be appropriated | 9905 | €23,920 | €42,597 | +€18,677 | +78.1% |
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 9 October 2026 via checked.be.