SJR Management: what changed
SJR Management
Largest movements
- Cash +€16,701
up €16,701 (+278%), from €5,997 to €22,698
mainly Net result for the year (+€17,591) and Depreciation (+€10,934)
- Tangible fixed assets -€8,677
down €8,677 (-25.1%), from €34,504 to €25,827
of which Furniture and vehicles: -€6,265
- Deferred charges and accrued income +€883
new in 2025: €883
- Profit (loss) carried forward +€17,591
up €17,591 (+51.9%), from -€33,924 to -€16,333
- Debts after one year -€7,800
down €7,800 (-43.5%), from €17,926 to €10,126
of which Financial debts: -€7,800
- Current portion of long-term debt -€5,991
down €5,991 (-43.4%), from €13,791 to €7,800
- Other debts +€4,009
up €4,009 (+82.5%), from €4,859 to €8,867
- Trade debts +€3,131
up €3,131 (+19.4%), from €16,119 to €19,249
- Gross operating margin +€13,036
up €13,036 (+71.1%), from €18,342 to €31,377
- Depreciation -€5,263
down €5,263 (-32.5%), from €16,197 to €10,934
- Other operating charges +€1,600
up €1,600 (+1,255%), from €128 to €1,728
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €45,644 | €54,375 | +€8,731 | +19.1% |
| Fixed assets | 21/28 | €34,504 | €25,827 | -€8,677 | -25.1% |
| Tangible fixed assets | 22/27 | €34,504 | €25,827 | -€8,677 | -25.1% |
| Plant, machinery and equipment | 23 | - | €1,478 | +€1,478 | |
| Furniture and vehicles | 24 | €6,768 | €503 | -€6,265 | -92.6% |
| Other tangible fixed assets | 26 | €27,736 | €23,846 | -€3,890 | -14.0% |
| Current assets | 29/58 | €11,140 | €28,549 | +€17,408 | +156% |
| Amounts receivable within one year | 40/41 | €5,144 | €4,968 | -€176 | -3.4% |
| Trade receivables | 40 | €5,011 | €4,695 | -€316 | -6.3% |
| Other amounts receivable | 41 | €133 | €273 | +€140 | +105% |
| Cash at bank and in hand | 54/58 | €5,997 | €22,698 | +€16,701 | +278% |
| Deferred charges and accrued income | 490/1 | - | €883 | +€883 | |
| Total equity and liabilities | 10/49 | €45,644 | €54,375 | +€8,731 | +19.1% |
| Equity | 10/15 | -€21,868 | -€4,277 | +€17,591 | +80.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €7,056 | €7,056 | = | 0.0% |
| Distributable reserves | 133 | €7,056 | €7,056 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,924 | -€16,333 | +€17,591 | +51.9% |
| Amounts payable | 17/49 | €67,512 | €58,652 | -€8,860 | -13.1% |
| Amounts payable after more than one year | 17 | €17,926 | €10,126 | -€7,800 | -43.5% |
| Financial debts | 170/4 | €10,926 | €3,126 | -€7,800 | -71.4% |
| Other amounts payable | 178/9 | €7,000 | €7,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €45,244 | €47,142 | +€1,899 | +4.2% |
| Current portion of amounts payable after more than one year | 42 | €13,791 | €7,800 | -€5,991 | -43.4% |
| Trade debts | 44 | €16,119 | €19,249 | +€3,131 | +19.4% |
| Suppliers | 440/4 | €16,119 | €19,249 | +€3,131 | +19.4% |
| Taxes, remuneration and social security | 45 | €10,475 | €11,226 | +€750 | +7.2% |
| Taxes | 450/3 | €10,475 | €11,226 | +€750 | +7.2% |
| Other amounts payable | 47/48 | €4,859 | €8,867 | +€4,009 | +82.5% |
| Accrued charges and deferred income | 492/3 | €4,342 | €1,384 | -€2,959 | -68.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,197 | €10,934 | -€5,263 | -32.5% |
| Other operating charges | 640/8 | €128 | €1,728 | +€1,600 | +1,255% |
| Gross operating margin | 9900 | €18,342 | €31,377 | +€13,036 | +71.1% |
| Operating profit (loss) | 9901 | €2,017 | €18,715 | +€16,698 | +828% |
| Financial income | 75/76B | €1 | €53 | +€52 | +6,901% |
| Recurring financial income | 75 | €1 | €53 | +€52 | +6,901% |
| Financial charges | 65/66B | €1,252 | €1,178 | -€74 | -5.9% |
| Recurring financial charges | 65 | €1,252 | €1,178 | -€74 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €766 | €17,591 | +€16,825 | +2,196% |
| Profit (loss) for the period | 9904 | €766 | €17,591 | +€16,825 | +2,196% |
| Profit (loss) for the period to be appropriated | 9905 | €766 | €17,591 | +€16,825 | +2,196% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.