SJE MANAGEMENT: 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.
SJE MANAGEMENT
Largest movements
- Cash -€5,397
down €5,397 (-6.2%), from €86,762 to €81,365
mainly Contributions, distributions and other (-€59,834) and Tax, wage and social debts (-€6,862)
- Tangible fixed assets -€4,040
down €4,040 (-34.4%), from €11,745 to €7,705
of which Furniture and vehicles: -€3,192
- Receivables within one year -€1,156
no longer reported in 2025 (was €1,156)
of which Other amounts receivable: -€739
- Profit (loss) carried forward -€25,522
no longer reported in 2025 (was €25,522)
- Other debts +€24,086
up €24,086 (+50.7%), from €47,477 to €71,563
- Tax, wage and social debts -€6,862
down €6,862 (-32.9%), from €20,829 to €13,968
of which Remuneration and social security: -€5,000
- Trade debts -€2,147
down €2,147 (-78.2%), from €2,744 to €597
- Gross operating margin +€4,089
up €4,089 (+8.0%), from €50,969 to €55,058
- Taxes +€1,124
up €1,124 (+12.1%), from €9,261 to €10,385
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 | €101,573 | €91,128 | -€10,445 | -10.3% |
| Fixed assets | 21/28 | €11,745 | €7,705 | -€4,040 | -34.4% |
| Tangible fixed assets | 22/27 | €11,745 | €7,705 | -€4,040 | -34.4% |
| Furniture and vehicles | 24 | €10,314 | €7,122 | -€3,192 | -30.9% |
| Other tangible fixed assets | 26 | €1,431 | €583 | -€848 | -59.3% |
| Current assets | 29/58 | €89,828 | €83,423 | -€6,406 | -7.1% |
| Amounts receivable within one year | 40/41 | €1,156 | - | -€1,156 | |
| Trade receivables | 40 | €417 | - | -€417 | |
| Other amounts receivable | 41 | €739 | - | -€739 | |
| Cash at bank and in hand | 54/58 | €86,762 | €81,365 | -€5,397 | -6.2% |
| Deferred charges and accrued income | 490/1 | €1,911 | €2,058 | +€147 | +7.7% |
| Total equity and liabilities | 10/49 | €101,573 | €91,128 | -€10,445 | -10.3% |
| Equity | 10/15 | €30,522 | €5,000 | -€25,522 | -83.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,522 | - | -€25,522 | |
| Amounts payable | 17/49 | €71,051 | €86,128 | +€15,077 | +21.2% |
| Amounts payable within one year | 42/48 | €71,051 | €86,128 | +€15,077 | +21.2% |
| Trade debts | 44 | €2,744 | €597 | -€2,147 | -78.2% |
| Suppliers | 440/4 | €2,744 | €597 | -€2,147 | -78.2% |
| Taxes, remuneration and social security | 45 | €20,829 | €13,968 | -€6,862 | -32.9% |
| Taxes | 450/3 | €15,829 | €13,968 | -€1,862 | -11.8% |
| Remuneration and social security | 454/9 | €5,000 | - | -€5,000 | |
| Other amounts payable | 47/48 | €47,477 | €71,563 | +€24,086 | +50.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,081 | €7,600 | -€481 | -6.0% |
| Other operating charges | 640/8 | €514 | €400 | -€114 | -22.2% |
| Gross operating margin | 9900 | €50,969 | €55,058 | +€4,089 | +8.0% |
| Operating profit (loss) | 9901 | €42,374 | €47,058 | +€4,684 | +11.1% |
| Financial income | 75/76B | €0 | €7 | +€7 | +1,635% |
| Recurring financial income | 75 | €0 | €7 | +€7 | +1,635% |
| Financial charges | 65/66B | €2,335 | €2,368 | +€34 | +1.4% |
| Recurring financial charges | 65 | €2,335 | €2,368 | +€34 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | €40,040 | €44,697 | +€4,657 | +11.6% |
| Income taxes | 67/77 | €9,261 | €10,385 | +€1,124 | +12.1% |
| Profit (loss) for the period | 9904 | €30,779 | €34,312 | +€3,533 | +11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €30,779 | €34,312 | +€3,533 | +11.5% |
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 19 October 2026 via checked.be.