S & J PROJECTS: 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 PROJECTS
Largest movements
- Receivables within one year +€11,926
up €11,926 (+1085.9%), from €1,098 to €13,025
of which Trade receivables: +€12,246
- Cash -€4,833
down €4,833 (-65.7%), from €7,353 to €2,520
mainly Receivables within one year (-€11,926) and Other debts (-€1,935)
- Tangible fixed assets -€1,991
down €1,991 (-25.2%), from €7,904 to €5,913
of which Leasing and similar rights: -€1,989
- Trade debts +€4,467
up €4,467 (+424.3%), from €1,053 to €5,520
- Tax, wage and social debts +€2,921
up €2,921 (+132.0%), from €2,212 to €5,133
- Other debts -€1,935
down €1,935 (-1.0%), from €196,883 to €194,948
- Profit (loss) carried forward -€421
down €421 (-0.2%), from -€204,182 to -€204,603
- Gross operating margin +€10,196
up €10,196, from -€3,497 to €6,699
- Other operating charges -€1,417
down €1,417 (-51.0%), from €2,780 to €1,363
- Financial charges -€1,192
down €1,192 (-25.0%), from €4,763 to €3,571
of which Financial charges: -€921
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 | €16,425 | €21,457 | +€5,031 | +30.6% |
| Fixed assets | 21/28 | €7,904 | €5,913 | -€1,991 | -25.2% |
| Tangible fixed assets | 22/27 | €7,904 | €5,913 | -€1,991 | -25.2% |
| Furniture and vehicles | 24 | €2 | - | -€2 | |
| Leasing and similar rights | 25 | €7,902 | €5,913 | -€1,989 | -25.2% |
| Current assets | 29/58 | €8,521 | €15,544 | +€7,023 | +82.4% |
| Amounts receivable within one year | 40/41 | €1,098 | €13,025 | +€11,926 | +1085.9% |
| Trade receivables | 40 | €667 | €12,913 | +€12,246 | +1834.6% |
| Other amounts receivable | 41 | €431 | €111 | -€319 | -74.1% |
| Cash at bank and in hand | 54/58 | €7,353 | €2,520 | -€4,833 | -65.7% |
| Deferred charges and accrued income | 490/1 | €70 | - | -€70 | |
| Total equity and liabilities | 10/49 | €16,425 | €21,457 | +€5,031 | +30.6% |
| Equity | 10/15 | -€183,722 | -€184,143 | -€421 | -0.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€204,182 | -€204,603 | -€421 | -0.2% |
| Amounts payable | 17/49 | €200,147 | €205,600 | +€5,453 | +2.7% |
| Amounts payable within one year | 42/48 | €200,147 | €205,600 | +€5,453 | +2.7% |
| Trade debts | 44 | €1,053 | €5,520 | +€4,467 | +424.3% |
| Suppliers | 440/4 | €1,053 | €5,520 | +€4,467 | +424.3% |
| Taxes, remuneration and social security | 45 | €2,212 | €5,133 | +€2,921 | +132.0% |
| Taxes | 450/3 | €2,212 | €5,133 | +€2,921 | +132.0% |
| Other amounts payable | 47/48 | €196,883 | €194,948 | -€1,935 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,991 | €1,991 | = | 0.0% |
| Other operating charges | 640/8 | €2,780 | €1,363 | -€1,417 | -51.0% |
| Gross operating margin | 9900 | -€3,497 | €6,699 | +€10,196 | |
| Operating profit (loss) | 9901 | -€8,269 | €3,344 | +€11,613 | |
| Financial income | 75/76B | - | €19 | +€19 | |
| Recurring financial income | 75 | - | €19 | +€19 | |
| Financial charges | 65/66B | €4,763 | €3,571 | -€1,192 | -25.0% |
| Recurring financial charges | 65 | €4,491 | €3,571 | -€921 | -20.5% |
| Non-recurring financial charges | 66B | €271 | - | -€271 | |
| Profit (loss) for the period before taxes | 9903 | -€13,031 | -€208 | +€12,824 | +98.4% |
| Income taxes | 67/77 | €237 | €214 | -€23 | -9.8% |
| Profit (loss) for the period | 9904 | -€13,268 | -€421 | +€12,847 | +96.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,268 | -€421 | +€12,847 | +96.8% |
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.