SJOEF: 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.
SJOEF
Largest movements
- Tangible fixed assets -€7,000
down €7,000 (-90.4%), from €7,740 to €740
- Receivables within one year -€3,823
down €3,823 (-91.4%), from €4,180 to €357
of which Trade receivables: -€3,995
- Cash +€1,074
up €1,074 (+24.4%), from €4,403 to €5,477
mainly Depreciation (+€7,000) and Other debts (+€4,790)
- Profit (loss) carried forward -€10,000
down €10,000 (-19.5%), from -€51,360 to -€61,361
- Other debts +€4,790
up €4,790 (+16.4%), from €29,143 to €33,933
- Tax, wage and social debts -€2,542
down €2,542 (-75.1%), from €3,383 to €841
- Current portion of long-term debt -€1,250
no longer reported in 2025 (was €1,250)
- Trade debts -€747
down €747 (-64.2%), from €1,163 to €416
- Gross operating margin -€4,998
down €4,998, from €3,252 to -€1,746
- Other operating charges -€340
down €340 (-26.7%), from €1,271 to €931
- Financial income -€145
down €145 (-99.8%), from €146 to €0
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 | €16,323 | €6,574 | -€9,749 | -59.7% |
| Fixed assets | 21/28 | €7,740 | €740 | -€7,000 | -90.4% |
| Tangible fixed assets | 22/27 | €7,740 | €740 | -€7,000 | -90.4% |
| Furniture and vehicles | 24 | €7,740 | €740 | -€7,000 | -90.4% |
| Current assets | 29/58 | €8,583 | €5,834 | -€2,749 | -32.0% |
| Amounts receivable within one year | 40/41 | €4,180 | €357 | -€3,823 | -91.4% |
| Trade receivables | 40 | €4,180 | €185 | -€3,995 | -95.6% |
| Other amounts receivable | 41 | - | €172 | +€172 | |
| Cash at bank and in hand | 54/58 | €4,403 | €5,477 | +€1,074 | +24.4% |
| Total equity and liabilities | 10/49 | €16,323 | €6,574 | -€9,749 | -59.7% |
| Equity | 10/15 | -€18,615 | -€28,616 | -€10,000 | -53.7% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €20,245 | €20,245 | = | 0.0% |
| Distributable reserves | 133 | €20,245 | €20,245 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,360 | -€61,361 | -€10,000 | -19.5% |
| Amounts payable | 17/49 | €34,938 | €35,190 | +€252 | +0.7% |
| Amounts payable within one year | 42/48 | €34,938 | €35,190 | +€252 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €1,250 | - | -€1,250 | |
| Trade debts | 44 | €1,163 | €416 | -€747 | -64.2% |
| Suppliers | 440/4 | €1,163 | €416 | -€747 | -64.2% |
| Taxes, remuneration and social security | 45 | €3,383 | €841 | -€2,542 | -75.1% |
| Taxes | 450/3 | €3,383 | €841 | -€2,542 | -75.1% |
| Other amounts payable | 47/48 | €29,143 | €33,933 | +€4,790 | +16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,000 | €7,000 | = | 0.0% |
| Other operating charges | 640/8 | €1,271 | €931 | -€340 | -26.7% |
| Gross operating margin | 9900 | €3,252 | -€1,746 | -€4,998 | |
| Operating profit (loss) | 9901 | -€5,019 | -€9,678 | -€4,658 | -92.8% |
| Financial income | 75/76B | €146 | €0 | -€145 | -99.8% |
| Recurring financial income | 75 | €146 | €0 | -€145 | -99.8% |
| Financial charges | 65/66B | €113 | €91 | -€22 | -19.3% |
| Recurring financial charges | 65 | €113 | €91 | -€22 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | -€4,987 | -€9,769 | -€4,782 | -95.9% |
| Income taxes | 67/77 | €210 | €231 | +€22 | +10.4% |
| Profit (loss) for the period | 9904 | -€5,197 | -€10,000 | -€4,804 | -92.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,197 | -€10,000 | -€4,804 | -92.4% |
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 24 October 2026 via checked.be.