SJC3D: 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.
SJC3D
Largest movements
- Receivables within one year -€76,496
down €76,496 (-43.0%), from €178,081 to €101,585
of which Trade receivables: -€87,376
- Cash +€32,096
up €32,096 (+53.2%), from €60,312 to €92,407
mainly Current portion of long-term debt (+€99,242) and Depreciation (+€98,299)
- Stocks and contracts -€29,617
down €29,617 (-54.7%), from €54,117 to €24,500
- Tangible fixed assets -€22,375
down €22,375 (-2.8%), from €789,825 to €767,450
of which Land and buildings: -€55,234
- Trade debts -€123,634
down €123,634 (-88.4%), from €139,861 to €16,227
- Other debts -€121,176
no longer reported in 2025 (was €121,176)
- Current portion of long-term debt +€99,242
up €99,242 (+114.1%), from €87,000 to €186,242
- Profit (loss) carried forward +€27,445
up €27,445 (+29.5%), from €93,156 to €120,601
- Tax, wage and social debts +€20,651
up €20,651 (+34.6%), from €59,693 to €80,345
of which Taxes: +€38,078
- Gross operating margin -€349,974
down €349,974 (-51.9%), from €674,837 to €324,863
- Staff costs -€168,055
down €168,055 (-49.0%), from €342,824 to €174,769
- Taxes -€23,607
down €23,607 (-75.9%), from €31,091 to €7,485
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 | €1,102,448 | €1,015,608 | -€86,840 | -7.9% |
| Fixed assets | 21/28 | €795,515 | €773,406 | -€22,109 | -2.8% |
| Tangible fixed assets | 22/27 | €789,825 | €767,450 | -€22,375 | -2.8% |
| Land and buildings | 22 | €717,975 | €662,742 | -€55,234 | -7.7% |
| Plant, machinery and equipment | 23 | €27,234 | €49,613 | +€22,379 | +82.2% |
| Furniture and vehicles | 24 | €19,944 | €10,634 | -€9,310 | -46.7% |
| Leasing and similar rights | 25 | €24,672 | €44,462 | +€19,790 | +80.2% |
| Financial fixed assets | 28 | €5,690 | €5,956 | +€266 | +4.7% |
| Current assets | 29/58 | €306,932 | €242,201 | -€64,731 | -21.1% |
| Stocks and contracts in progress | 3 | €54,117 | €24,500 | -€29,617 | -54.7% |
| Stocks | 30/36 | €54,117 | €24,500 | -€29,617 | -54.7% |
| Amounts receivable within one year | 40/41 | €178,081 | €101,585 | -€76,496 | -43.0% |
| Trade receivables | 40 | €127,729 | €40,353 | -€87,376 | -68.4% |
| Other amounts receivable | 41 | €50,352 | €61,232 | +€10,880 | +21.6% |
| Cash at bank and in hand | 54/58 | €60,312 | €92,407 | +€32,096 | +53.2% |
| Deferred charges and accrued income | 490/1 | €14,423 | €23,709 | +€9,287 | +64.4% |
| Total equity and liabilities | 10/49 | €1,102,448 | €1,015,608 | -€86,840 | -7.9% |
| Equity | 10/15 | €197,656 | €225,101 | +€27,445 | +13.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €85,900 | €85,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €85,900 | €85,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €85,900 | €85,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €93,156 | €120,601 | +€27,445 | +29.5% |
| Amounts payable | 17/49 | €904,792 | €790,507 | -€114,285 | -12.6% |
| Amounts payable after more than one year | 17 | €490,198 | €507,693 | +€17,494 | +3.6% |
| Financial debts | 170/4 | €490,198 | €507,693 | +€17,494 | +3.6% |
| Amounts payable within one year | 42/48 | €407,731 | €282,814 | -€124,917 | -30.6% |
| Current portion of amounts payable after more than one year | 42 | €87,000 | €186,242 | +€99,242 | +114.1% |
| Trade debts | 44 | €139,861 | €16,227 | -€123,634 | -88.4% |
| Suppliers | 440/4 | €139,861 | €16,227 | -€123,634 | -88.4% |
| Taxes, remuneration and social security | 45 | €59,693 | €80,345 | +€20,651 | +34.6% |
| Taxes | 450/3 | €26,471 | €64,549 | +€38,078 | +143.9% |
| Remuneration and social security | 454/9 | €33,223 | €15,796 | -€17,427 | -52.5% |
| Other amounts payable | 47/48 | €121,176 | - | -€121,176 | |
| Accrued charges and deferred income | 492/3 | €6,863 | - | -€6,863 | |
| Non-recurring operating income | 76A | €1,992 | €1,053 | -€939 | -47.1% |
| Remuneration, social security and pensions | 62 | €342,824 | €174,769 | -€168,055 | -49.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,264 | €98,299 | +€1,035 | +1.1% |
| Other operating charges | 640/8 | €5,802 | €2,239 | -€3,564 | -61.4% |
| Gross operating margin | 9900 | €674,837 | €324,863 | -€349,974 | -51.9% |
| Operating profit (loss) | 9901 | €228,946 | €49,556 | -€179,390 | -78.4% |
| Financial income | 75/76B | €4,009 | €334 | -€3,675 | -91.7% |
| Recurring financial income | 75 | €4,009 | €334 | -€3,675 | -91.7% |
| Financial charges | 65/66B | €14,831 | €14,960 | +€129 | +0.9% |
| Recurring financial charges | 65 | €14,831 | €14,960 | +€129 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | €218,124 | €34,930 | -€183,194 | -84.0% |
| Income taxes | 67/77 | €31,091 | €7,485 | -€23,607 | -75.9% |
| Profit (loss) for the period | 9904 | €187,032 | €27,445 | -€159,587 | -85.3% |
| Profit (loss) for the period to be appropriated | 9905 | €187,032 | €27,445 | -€159,587 | -85.3% |
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.