S.J. CONCEPT: 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.
S.J. CONCEPT
Largest movements
- Stocks and contracts -€670,000
down €670,000 (-100.0%), from €670,000 to €0
- Cash +€15,497
up €15,497 (+2363.3%), from €656 to €16,152
mainly Stocks and contracts (+€670,000) and Depreciation (+€3,223)
- Debts after one year -€403,283
down €403,283 (-97.4%), from €414,225 to €10,942
- Other debts -€218,954
down €218,954 (-92.6%), from €236,331 to €17,377
- Profit (loss) carried forward -€24,584
down €24,584 (-141.5%), from -€17,369 to -€41,953
- Gross operating margin -€8,380
down €8,380, from €5,340 to -€3,040
- Financial charges +€5,060
up €5,060 (+38.5%), from €13,133 to €18,193
- Other operating charges -€575
down €575 (-81.8%), from €702 to €128
- Taxes -€309
down €309 (-100.0%), from €309 to €0
- Depreciation -€225
down €225 (-6.5%), from €3,448 to €3,223
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 | €678,081 | €28,232 | -€649,849 | -95.8% |
| Fixed assets | 21/28 | €6,516 | €3,293 | -€3,223 | -49.5% |
| Tangible fixed assets | 22/27 | €6,516 | €3,293 | -€3,223 | -49.5% |
| Furniture and vehicles | 24 | €6,516 | €3,293 | -€3,223 | -49.5% |
| Current assets | 29/58 | €671,565 | €24,939 | -€646,626 | -96.3% |
| Stocks and contracts in progress | 3 | €670,000 | €0 | -€670,000 | -100.0% |
| Stocks | 30/36 | €670,000 | €0 | -€670,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €856 | €2,682 | +€1,827 | +213.5% |
| Trade receivables | 40 | €0 | €482 | +€482 | |
| Other amounts receivable | 41 | €856 | €2,200 | +€1,344 | +157.1% |
| Cash at bank and in hand | 54/58 | €656 | €16,152 | +€15,497 | +2363.3% |
| Deferred charges and accrued income | 490/1 | €53 | €6,104 | +€6,051 | +11335.7% |
| Total equity and liabilities | 10/49 | €678,081 | €28,232 | -€649,849 | -95.8% |
| Equity | 10/15 | €10,131 | -€14,453 | -€24,584 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €15,100 | €15,100 | = | 0.0% |
| Distributable reserves | 133 | €15,100 | €15,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,369 | -€41,953 | -€24,584 | -141.5% |
| Amounts payable | 17/49 | €667,950 | €42,685 | -€625,265 | -93.6% |
| Amounts payable after more than one year | 17 | €414,225 | €10,942 | -€403,283 | -97.4% |
| Financial debts | 170/4 | €414,225 | €10,942 | -€403,283 | -97.4% |
| Amounts payable within one year | 42/48 | €253,725 | €30,855 | -€222,870 | -87.8% |
| Current portion of amounts payable after more than one year | 42 | €7,886 | €8,950 | +€1,064 | +13.5% |
| Trade debts | 44 | €6,621 | €1,487 | -€5,134 | -77.5% |
| Suppliers | 440/4 | €6,621 | €1,487 | -€5,134 | -77.5% |
| Taxes, remuneration and social security | 45 | €2,888 | €3,042 | +€154 | +5.3% |
| Taxes | 450/3 | €1,888 | €2,042 | +€154 | +8.1% |
| Remuneration and social security | 454/9 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 47/48 | €236,331 | €17,377 | -€218,954 | -92.6% |
| Accrued charges and deferred income | 492/3 | €0 | €888 | +€888 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,448 | €3,223 | -€225 | -6.5% |
| Other operating charges | 640/8 | €702 | €128 | -€575 | -81.8% |
| Non-recurring operating charges | 66A | €2,364 | €0 | -€2,364 | -100.0% |
| Gross operating margin | 9900 | €5,340 | -€3,040 | -€8,380 | |
| Operating profit (loss) | 9901 | -€1,174 | -€6,391 | -€5,217 | -444.4% |
| Financial income | 75/76B | €10 | €0 | -€10 | -99.9% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -99.9% |
| Financial charges | 65/66B | €13,133 | €18,193 | +€5,060 | +38.5% |
| Recurring financial charges | 65 | €13,133 | €18,193 | +€5,060 | +38.5% |
| Profit (loss) for the period before taxes | 9903 | -€14,297 | -€24,584 | -€10,287 | -71.9% |
| Income taxes | 67/77 | €309 | €0 | -€309 | -100.0% |
| Profit (loss) for the period | 9904 | -€14,606 | -€24,584 | -€9,978 | -68.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,606 | -€24,584 | -€9,978 | -68.3% |
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.