SJMax Consulting: 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.
SJMax Consulting
Largest movements
- Receivables within one year -€13,181
down €13,181 (-32.9%), from €40,104 to €26,923
of which Trade receivables: -€15,481
- Cash +€12,992
up €12,992 (+87.5%), from €14,855 to €27,847
mainly Receivables within one year (+€13,181) and Net result for the year (+€5,806)
- Tangible fixed assets +€3,913
new in 2025: €3,913
of which Plant, machinery and equipment: +€3,515
- Deferred charges and accrued income -€1,589
down €1,589 (-58.1%), from €2,733 to €1,144
- Tax, wage and social debts -€6,420
down €6,420 (-20.9%), from €30,724 to €24,305
of which Taxes: -€5,420
- Profit (loss) carried forward +€5,806
up €5,806 (+37.7%), from €15,398 to €21,204
- Trade debts +€1,904
up €1,904 (+121%), from €1,570 to €3,474
- Other debts +€844
new in 2025: €844
- Gross operating margin -€13,920
down €13,920 (-48.4%), from €28,732 to €14,813
- Taxes -€3,027
down €3,027 (-39.0%), from €7,760 to €4,733
- Financial charges +€1,084
up €1,084 (+65.2%), from €1,662 to €2,746
- Other operating charges +€999
up €999 (+629%), from €159 to €1,158
- Depreciation +€370
new in 2025: €370
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 | €57,693 | €59,827 | +€2,134 | +3.7% |
| Fixed assets | 21/28 | - | €3,913 | +€3,913 | |
| Tangible fixed assets | 22/27 | - | €3,913 | +€3,913 | |
| Plant, machinery and equipment | 23 | - | €3,515 | +€3,515 | |
| Furniture and vehicles | 24 | - | €398 | +€398 | |
| Current assets | 29/58 | €57,693 | €55,914 | -€1,778 | -3.1% |
| Amounts receivable within one year | 40/41 | €40,104 | €26,923 | -€13,181 | -32.9% |
| Trade receivables | 40 | €40,104 | €24,623 | -€15,481 | -38.6% |
| Other amounts receivable | 41 | - | €2,300 | +€2,300 | |
| Cash at bank and in hand | 54/58 | €14,855 | €27,847 | +€12,992 | +87.5% |
| Deferred charges and accrued income | 490/1 | €2,733 | €1,144 | -€1,589 | -58.1% |
| Total equity and liabilities | 10/49 | €57,693 | €59,827 | +€2,134 | +3.7% |
| Equity | 10/15 | €25,398 | €31,204 | +€5,806 | +22.9% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,398 | €21,204 | +€5,806 | +37.7% |
| Amounts payable | 17/49 | €32,294 | €28,623 | -€3,672 | -11.4% |
| Amounts payable within one year | 42/48 | €32,294 | €28,623 | -€3,672 | -11.4% |
| Trade debts | 44 | €1,570 | €3,474 | +€1,904 | +121% |
| Suppliers | 440/4 | €1,570 | €3,474 | +€1,904 | +121% |
| Taxes, remuneration and social security | 45 | €30,724 | €24,305 | -€6,420 | -20.9% |
| Taxes | 450/3 | €29,724 | €24,305 | -€5,420 | -18.2% |
| Remuneration and social security | 454/9 | €1,000 | - | -€1,000 | |
| Other amounts payable | 47/48 | - | €844 | +€844 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €370 | +€370 | |
| Other operating charges | 640/8 | €159 | €1,158 | +€999 | +629% |
| Gross operating margin | 9900 | €28,732 | €14,813 | -€13,920 | -48.4% |
| Operating profit (loss) | 9901 | €28,574 | €13,285 | -€15,289 | -53.5% |
| Financial charges | 65/66B | €1,662 | €2,746 | +€1,084 | +65.2% |
| Recurring financial charges | 65 | €1,662 | €2,746 | +€1,084 | +65.2% |
| Profit (loss) for the period before taxes | 9903 | €26,912 | €10,540 | -€16,372 | -60.8% |
| Income taxes | 67/77 | €7,760 | €4,733 | -€3,027 | -39.0% |
| Profit (loss) for the period | 9904 | €19,152 | €5,806 | -€13,345 | -69.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,152 | €5,806 | -€13,345 | -69.7% |
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 20 October 2026 via checked.be.