SJ Luxury: what changed
What changed
SJ Luxury
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
-€273,229
2024 · -€165,137-€108,091
Equity
-€792,057
2024 · -€518,828-€273,229
Cash
€54,152
2024 · €89,134-€34,982
Balance sheet total
€5.4m
2024 · €2.9m+€2.4m
Largest movements
Assets
- Stocks and contracts +€2.5m
up €2.5m (+86.9%), from €2.8m to €5.3m
Equity and liabilities
- Short-term financial debts +€2.2m
up €2.2m (+133%), from €1.6m to €3.8m
- Debts after one year +€460,000
up €460,000 (+31.4%), from €1.5m to €1.9m
- Profit (loss) carried forward -€273,229
down €273,229 (-44.2%), from -€618,828 to -€892,057
- Trade debts +€86,673
up €86,673 (+5,668%), from €1,529 to €88,202
Income statement
- Financial charges +€70,473
up €70,473 (+75.2%), from €93,712 to €164,185
- Gross operating margin -€37,618
down €37,618 (-53.0%), from -€70,912 to -€108,531
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€165,137
Gross operating margin
-€37,618
Financial charges
-€70,473
Result 2025
-€273,229
lowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€2.7m
Investment
€0
Financing
+€2.6m
Cash 2024
€89,134
From operations (derived)
-€2.7m
Net result for the year
-€273,229
Stocks and contracts
-€2.5m
Smaller working-capital items
+€2,554
Trade debts
+€86,673
Financing
+€2.6m
Debts after one year
+€460,000
Short-term financial debts
+€2.2m
Cash 2025
€54,152
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,937,998 | €5,371,835 | +€2.4m | +82.8% |
| Fixed assets | 21/28 | €500 | €500 | = | 0.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €2,937,498 | €5,371,335 | +€2.4m | +82.9% |
| Stocks and contracts in progress | 3 | €2,843,573 | €5,314,552 | +€2.5m | +86.9% |
| Stocks | 30/36 | €2,843,573 | €5,314,552 | +€2.5m | +86.9% |
| Amounts receivable within one year | 40/41 | €4,790 | €2,630 | -€2,160 | -45.1% |
| Other amounts receivable | 41 | €4,790 | €2,630 | -€2,160 | -45.1% |
| Cash at bank and in hand | 54/58 | €89,134 | €54,152 | -€34,982 | -39.2% |
| Total equity and liabilities | 10/49 | €2,937,998 | €5,371,835 | +€2.4m | +82.8% |
| Equity | 10/15 | -€518,828 | -€792,057 | -€273,229 | -52.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€618,828 | -€892,057 | -€273,229 | -44.2% |
| Amounts payable | 17/49 | €3,456,826 | €6,163,892 | +€2.7m | +78.3% |
| Amounts payable after more than one year | 17 | €1,465,000 | €1,925,000 | +€460,000 | +31.4% |
| Financial debts | 170/4 | €1,465,000 | €1,925,000 | +€460,000 | +31.4% |
| Amounts payable within one year | 42/48 | €1,991,826 | €4,238,379 | +€2.2m | +113% |
| Financial debts | 43 | €1,620,000 | €3,780,000 | +€2.2m | +133% |
| Credit institutions | 430/8 | €1,620,000 | €3,780,000 | +€2.2m | +133% |
| Trade debts | 44 | €1,529 | €88,202 | +€86,673 | +5,668% |
| Suppliers | 440/4 | €1,529 | €88,202 | +€86,673 | +5,668% |
| Other amounts payable | 47/48 | €370,297 | €370,177 | -€119 | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | €513 | +€513 | |
| Other operating charges | 640/8 | €513 | €513 | = | 0.0% |
| Gross operating margin | 9900 | -€70,912 | -€108,531 | -€37,618 | -53.0% |
| Operating profit (loss) | 9901 | -€71,426 | -€109,044 | -€37,618 | -52.7% |
| Financial charges | 65/66B | €93,712 | €164,185 | +€70,473 | +75.2% |
| Recurring financial charges | 65 | €93,712 | €164,185 | +€70,473 | +75.2% |
| Profit (loss) for the period before taxes | 9903 | -€165,137 | -€273,229 | -€108,091 | -65.5% |
| Profit (loss) for the period | 9904 | -€165,137 | -€273,229 | -€108,091 | -65.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€165,137 | -€273,229 | -€108,091 | -65.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.