PJY Management: 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.
PJY Management
Largest movements
- Cash -€461,357
down €461,357 (-89.6%), from €515,167 to €53,810
mainly Contributions, distributions and other (-€700,000) and Current investments (-€403,537)
- Current investments +€403,537
up €403,537 (+869%), from €46,464 to €450,000
- Tangible fixed assets -€22,023
down €22,023 (-41.2%), from €53,513 to €31,490
of which Furniture and vehicles: -€22,023
- Receivables within one year +€11,249
up €11,249 (+13.9%), from €81,102 to €92,351
of which Other amounts receivable: +€17,617
- Other debts -€58,549
down €58,549 (-9.9%), from €590,548 to €531,999
- Current portion of long-term debt +€18,109
new in 2025: €18,109
- Profit (loss) carried forward -€16,247
down €16,247 (-47.4%), from €34,269 to €18,022
- Trade debts -€10,007
down €10,007 (-89.1%), from €11,225 to €1,218
- Gross operating margin -€38,351
down €38,351 (-4.0%), from €968,171 to €929,820
- Financial income -€32,171
down €32,171 (-84.6%), from €38,048 to €5,878
- Taxes -€18,024
down €18,024 (-7.5%), from €240,420 to €222,396
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 | €705,036 | €638,400 | -€66,636 | -9.5% |
| Fixed assets | 21/28 | €59,951 | €37,928 | -€22,023 | -36.7% |
| Tangible fixed assets | 22/27 | €53,513 | €31,490 | -€22,023 | -41.2% |
| Furniture and vehicles | 24 | €45,513 | €23,490 | -€22,023 | -48.4% |
| Other tangible fixed assets | 26 | €8,000 | €8,000 | = | 0.0% |
| Financial fixed assets | 28 | €6,438 | €6,438 | = | 0.0% |
| Current assets | 29/58 | €645,086 | €600,472 | -€44,613 | -6.9% |
| Amounts receivable within one year | 40/41 | €81,102 | €92,351 | +€11,249 | +13.9% |
| Trade receivables | 40 | €81,051 | €74,682 | -€6,368 | -7.9% |
| Other amounts receivable | 41 | €52 | €17,669 | +€17,617 | +34,175% |
| Current investments | 50/53 | €46,464 | €450,000 | +€403,537 | +869% |
| Cash at bank and in hand | 54/58 | €515,167 | €53,810 | -€461,357 | -89.6% |
| Deferred charges and accrued income | 490/1 | €2,353 | €4,311 | +€1,958 | +83.2% |
| Total equity and liabilities | 10/49 | €705,036 | €638,400 | -€66,636 | -9.5% |
| Equity | 10/15 | €44,269 | €28,022 | -€16,247 | -36.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,269 | €18,022 | -€16,247 | -47.4% |
| Amounts payable | 17/49 | €660,767 | €610,378 | -€50,389 | -7.6% |
| Amounts payable within one year | 42/48 | €660,767 | €610,378 | -€50,389 | -7.6% |
| Current portion of amounts payable after more than one year | 42 | - | €18,109 | +€18,109 | |
| Trade debts | 44 | €11,225 | €1,218 | -€10,007 | -89.1% |
| Suppliers | 440/4 | €11,225 | €1,218 | -€10,007 | -89.1% |
| Taxes, remuneration and social security | 45 | €58,994 | €59,052 | +€57 | +0.1% |
| Taxes | 450/3 | €52,794 | €52,852 | +€57 | +0.1% |
| Remuneration and social security | 454/9 | €6,200 | €6,200 | = | 0.0% |
| Other amounts payable | 47/48 | €590,548 | €531,999 | -€58,549 | -9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,618 | €23,962 | -€3,656 | -13.2% |
| Other operating charges | 640/8 | €5,193 | €2,131 | -€3,062 | -59.0% |
| Gross operating margin | 9900 | €968,171 | €929,820 | -€38,351 | -4.0% |
| Operating profit (loss) | 9901 | €935,360 | €903,727 | -€31,633 | -3.4% |
| Financial income | 75/76B | €38,048 | €5,878 | -€32,171 | -84.6% |
| Recurring financial income | 75 | €38,048 | €5,878 | -€32,171 | -84.6% |
| Financial charges | 65/66B | €902 | €3,456 | +€2,554 | +283% |
| Recurring financial charges | 65 | €902 | €3,456 | +€2,554 | +283% |
| Profit (loss) for the period before taxes | 9903 | €972,507 | €906,149 | -€66,358 | -6.8% |
| Income taxes | 67/77 | €240,420 | €222,396 | -€18,024 | -7.5% |
| Profit (loss) for the period | 9904 | €732,087 | €683,753 | -€48,334 | -6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €732,087 | €683,753 | -€48,334 | -6.6% |
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 18 October 2026 via checked.be.