SE-JA: 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.
SE-JA
Largest movements
- Receivables after one year -€150,000
down €150,000 (-100%), from €150,000 to €0
- Cash +€24,452
up €24,452 (+16.3%), from €149,912 to €174,364
mainly Receivables after one year (+€150,000) and Net result for the year (+€109,923)
- Receivables within one year +€5,000
new in 2025: €5,000
- Current investments +€5,000
new in 2025: €5,000
- Reserves -€110,077
down €110,077 (-48.8%), from €225,672 to €115,595
- Other debts -€3,740
down €3,740 (-22.8%), from €16,417 to €12,677
- Gross operating margin -€30,498
down €30,498 (-17.8%), from €171,173 to €140,675
- Taxes -€5,851
down €5,851 (-14.9%), from €39,211 to €33,360
- Financial charges -€1,884
down €1,884 (-68.5%), from €2,749 to €865
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 | €302,836 | €186,506 | -€116,330 | -38.4% |
| Fixed assets | 21/28 | €2,435 | €1,635 | -€800 | -32.9% |
| Tangible fixed assets | 22/27 | €2,435 | €1,635 | -€800 | -32.9% |
| Furniture and vehicles | 24 | €2,435 | €1,635 | -€800 | -32.9% |
| Current assets | 29/58 | €300,401 | €184,871 | -€115,530 | -38.5% |
| Amounts receivable after more than one year | 29 | €150,000 | €0 | -€150,000 | -100% |
| Other amounts receivable | 291 | €150,000 | €0 | -€150,000 | -100% |
| Amounts receivable within one year | 40/41 | - | €5,000 | +€5,000 | |
| Other amounts receivable | 41 | - | €5,000 | +€5,000 | |
| Current investments | 50/53 | - | €5,000 | +€5,000 | |
| Cash at bank and in hand | 54/58 | €149,912 | €174,364 | +€24,452 | +16.3% |
| Deferred charges and accrued income | 490/1 | €489 | €507 | +€18 | +3.7% |
| Total equity and liabilities | 10/49 | €302,836 | €186,506 | -€116,330 | -38.4% |
| Equity | 10/15 | €230,672 | €120,595 | -€110,077 | -47.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €225,672 | €115,595 | -€110,077 | -48.8% |
| Distributable reserves | 133 | €225,672 | €115,595 | -€110,077 | -48.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €72,164 | €65,911 | -€6,253 | -8.7% |
| Amounts payable after more than one year | 17 | €25,000 | €25,000 | = | 0.0% |
| Financial debts | 170/4 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €47,028 | €40,025 | -€7,003 | -14.9% |
| Trade debts | 44 | €363 | €94 | -€269 | -74.1% |
| Suppliers | 440/4 | €363 | €94 | -€269 | -74.1% |
| Taxes, remuneration and social security | 45 | €30,248 | €27,254 | -€2,994 | -9.9% |
| Taxes | 450/3 | €28,498 | €25,204 | -€3,294 | -11.6% |
| Remuneration and social security | 454/9 | €1,750 | €2,050 | +€300 | +17.1% |
| Other amounts payable | 47/48 | €16,417 | €12,677 | -€3,740 | -22.8% |
| Accrued charges and deferred income | 492/3 | €136 | €886 | +€750 | +553% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €800 | €800 | = | 0.0% |
| Other operating charges | 640/8 | €472 | €1,013 | +€541 | +115% |
| Gross operating margin | 9900 | €171,173 | €140,675 | -€30,498 | -17.8% |
| Operating profit (loss) | 9901 | €169,902 | €138,862 | -€31,040 | -18.3% |
| Financial income | 75/76B | €5,091 | €5,286 | +€195 | +3.8% |
| Recurring financial income | 75 | €5,091 | €5,286 | +€195 | +3.8% |
| Financial charges | 65/66B | €2,749 | €865 | -€1,884 | -68.5% |
| Recurring financial charges | 65 | €2,749 | €865 | -€1,884 | -68.5% |
| Profit (loss) for the period before taxes | 9903 | €172,244 | €143,283 | -€28,961 | -16.8% |
| Income taxes | 67/77 | €39,211 | €33,360 | -€5,851 | -14.9% |
| Profit (loss) for the period | 9904 | €133,033 | €109,923 | -€23,110 | -17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €133,033 | €109,923 | -€23,110 | -17.4% |
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.