Sjoeke: 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.
Sjoeke
Largest movements
- Cash +€7,616
up €7,616 (+312%), from €2,440 to €10,057
mainly Net result for the year (+€20,408) and Tax, wage and social debts (+€5,571)
- Receivables within one year +€6,807
up €6,807 (+80.6%), from €8,446 to €15,253
of which Trade receivables: +€6,199
- Stocks and contracts -€3,201
down €3,201 (-10.5%), from €30,556 to €27,355
- Tangible fixed assets +€1,014
up €1,014 (+16.8%), from €6,020 to €7,035
- Other debts -€18,768
down €18,768 (-60.0%), from €31,255 to €12,487
- Profit (loss) carried forward +€15,008
no longer reported in 2025 (was -€15,008)
- Tax, wage and social debts +€5,571
up €5,571 (+278%), from €2,003 to €7,574
of which Taxes: +€3,023
- Reserves +€5,401
new in 2025: €5,401
- Trade debts +€5,026
up €5,026 (+19.5%), from €25,711 to €30,737
- Gross operating margin +€61,199
up €61,199 (+821%), from €7,458 to €68,657
- Staff costs +€13,175
up €13,175 (+67.6%), from €19,486 to €32,661
- Financial charges +€7,130
up €7,130 (+514%), from €1,387 to €8,517
- Taxes +€3,023
up €3,023 (+2,507%), from €121 to €3,144
- Depreciation +€1,542
new in 2025: €1,542
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 | €47,462 | €59,699 | +€12,237 | +25.8% |
| Fixed assets | 21/28 | €6,020 | €7,035 | +€1,014 | +16.8% |
| Tangible fixed assets | 22/27 | €6,020 | €7,035 | +€1,014 | +16.8% |
| Land and buildings | 22 | €6,020 | €7,035 | +€1,014 | +16.8% |
| Current assets | 29/58 | €41,442 | €52,665 | +€11,223 | +27.1% |
| Stocks and contracts in progress | 3 | €30,556 | €27,355 | -€3,201 | -10.5% |
| Stocks | 30/36 | €30,556 | €27,355 | -€3,201 | -10.5% |
| Amounts receivable within one year | 40/41 | €8,446 | €15,253 | +€6,807 | +80.6% |
| Trade receivables | 40 | €5,884 | €12,083 | +€6,199 | +105% |
| Other amounts receivable | 41 | €2,562 | €3,170 | +€608 | +23.7% |
| Cash at bank and in hand | 54/58 | €2,440 | €10,057 | +€7,616 | +312% |
| Total equity and liabilities | 10/49 | €47,462 | €59,699 | +€12,237 | +25.8% |
| Equity | 10/15 | -€11,508 | €8,901 | +€20,408 | |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | - | €5,401 | +€5,401 | |
| Distributable reserves | 133 | - | €5,401 | +€5,401 | |
| Profit (loss) carried forward | 14 | -€15,008 | - | +€15,008 | |
| Amounts payable | 17/49 | €58,970 | €50,799 | -€8,171 | -13.9% |
| Amounts payable within one year | 42/48 | €58,970 | €50,799 | -€8,171 | -13.9% |
| Trade debts | 44 | €25,711 | €30,737 | +€5,026 | +19.5% |
| Suppliers | 440/4 | €25,711 | €30,737 | +€5,026 | +19.5% |
| Taxes, remuneration and social security | 45 | €2,003 | €7,574 | +€5,571 | +278% |
| Taxes | 450/3 | €437 | €3,461 | +€3,023 | +692% |
| Remuneration and social security | 454/9 | €1,566 | €4,114 | +€2,547 | +163% |
| Other amounts payable | 47/48 | €31,255 | €12,487 | -€18,768 | -60.0% |
| Remuneration, social security and pensions | 62 | €19,486 | €32,661 | +€13,175 | +67.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,542 | +€1,542 | |
| Other operating charges | 640/8 | €1,471 | €2,384 | +€913 | +62.0% |
| Gross operating margin | 9900 | €7,458 | €68,657 | +€61,199 | +821% |
| Operating profit (loss) | 9901 | -€13,500 | €32,070 | +€45,570 | |
| Financial charges | 65/66B | €1,387 | €8,517 | +€7,130 | +514% |
| Recurring financial charges | 65 | €1,387 | €8,517 | +€7,130 | +514% |
| Profit (loss) for the period before taxes | 9903 | -€14,887 | €23,552 | +€38,439 | |
| Income taxes | 67/77 | €121 | €3,144 | +€3,023 | +2,507% |
| Profit (loss) for the period | 9904 | -€15,008 | €20,408 | +€35,416 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,008 | €20,408 | +€35,416 |
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 16 October 2026 via checked.be.