SJ MED: 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.
SJ MED
Largest movements
- Cash +€59,540
up €59,540 (+47.0%), from €126,687 to €186,227
mainly Net result for the year (+€100,744) and Receivables within one year (+€42,871)
- Receivables within one year -€42,871
down €42,871 (-95.3%), from €45,000 to €2,129
- Receivables after one year +€35,000
new in 2025: €35,000
- Profit (loss) carried forward +€100,744
up €100,744 (+101%), from €99,648 to €200,392
- Accrued charges and deferred income -€32,325
no longer reported in 2025 (was €32,325)
- Debts after one year -€11,951
down €11,951 (-6.4%), from €187,918 to €175,967
- Tax, wage and social debts -€4,744
down €4,744 (-25.7%), from €18,449 to €13,705
- Gross operating margin +€43,063
up €43,063 (+41.8%), from €103,069 to €146,132
- Taxes +€10,537
up €10,537 (+55.7%), from €18,906 to €29,442
- Financial income +€2,333
new in 2025: €2,333
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 | €360,661 | €411,529 | +€50,868 | +14.1% |
| Fixed assets | 21/28 | €187,852 | €185,933 | -€1,918 | -1.0% |
| Tangible fixed assets | 22/27 | €187,852 | €185,933 | -€1,918 | -1.0% |
| Land and buildings | 22 | €181,489 | €175,789 | -€5,700 | -3.1% |
| Plant, machinery and equipment | 23 | €2,537 | €9,714 | +€7,177 | +283% |
| Furniture and vehicles | 24 | €3,826 | €430 | -€3,395 | -88.7% |
| Current assets | 29/58 | €172,809 | €225,596 | +€52,786 | +30.5% |
| Amounts receivable after more than one year | 29 | - | €35,000 | +€35,000 | |
| Other amounts receivable | 291 | - | €35,000 | +€35,000 | |
| Amounts receivable within one year | 40/41 | €45,000 | €2,129 | -€42,871 | -95.3% |
| Other amounts receivable | 41 | €45,000 | €2,129 | -€42,871 | -95.3% |
| Cash at bank and in hand | 54/58 | €126,687 | €186,227 | +€59,540 | +47.0% |
| Deferred charges and accrued income | 490/1 | €1,123 | €2,240 | +€1,118 | +99.5% |
| Total equity and liabilities | 10/49 | €360,661 | €411,529 | +€50,868 | +14.1% |
| Equity | 10/15 | €104,648 | €205,392 | +€100,744 | +96.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €99,648 | €200,392 | +€100,744 | +101% |
| Amounts payable | 17/49 | €256,013 | €206,137 | -€49,876 | -19.5% |
| Amounts payable after more than one year | 17 | €187,918 | €175,967 | -€11,951 | -6.4% |
| Financial debts | 170/4 | €187,918 | €175,967 | -€11,951 | -6.4% |
| Amounts payable within one year | 42/48 | €35,769 | €30,171 | -€5,599 | -15.7% |
| Current portion of amounts payable after more than one year | 42 | €11,518 | €11,951 | +€434 | +3.8% |
| Trade debts | 44 | €2,566 | €4,514 | +€1,948 | +75.9% |
| Suppliers | 440/4 | €2,566 | €4,514 | +€1,948 | +75.9% |
| Taxes, remuneration and social security | 45 | €18,449 | €13,705 | -€4,744 | -25.7% |
| Taxes | 450/3 | €18,449 | €13,705 | -€4,744 | -25.7% |
| Other amounts payable | 47/48 | €3,236 | - | -€3,236 | |
| Accrued charges and deferred income | 492/3 | €32,325 | - | -€32,325 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,608 | €9,521 | -€86 | -0.9% |
| Other operating charges | 640/8 | €1,283 | €1,423 | +€140 | +10.9% |
| Gross operating margin | 9900 | €103,069 | €146,132 | +€43,063 | +41.8% |
| Operating profit (loss) | 9901 | €92,178 | €135,187 | +€43,009 | +46.7% |
| Financial income | 75/76B | - | €2,333 | +€2,333 | |
| Recurring financial income | 75 | - | €2,333 | +€2,333 | |
| Financial charges | 65/66B | €7,766 | €7,334 | -€433 | -5.6% |
| Recurring financial charges | 65 | €7,766 | €7,334 | -€433 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €84,411 | €130,186 | +€45,775 | +54.2% |
| Income taxes | 67/77 | €18,906 | €29,442 | +€10,537 | +55.7% |
| Profit (loss) for the period | 9904 | €65,506 | €100,744 | +€35,238 | +53.8% |
| Profit (loss) for the period to be appropriated | 9905 | €65,506 | €100,744 | +€35,238 | +53.8% |
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 15 October 2026 via checked.be.