TEAM J: what changed
Two fiscal 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.
TEAM J
Largest movements
- Tangible fixed assets -€15,769
down €15,769 (-3.7%), from €431,715 to €415,946
of which Land and buildings: -€15,210
- Cash -€7,689
down €7,689 (-8.1%), from €94,514 to €86,826
mainly Contributions, distributions and other (-€18,500) and Provisions (-€15,007)
- Provisions -€15,007
down €15,007 (-3.2%), from €467,582 to €452,575
- Other debts -€8,417
down €8,417 (-28.9%), from €29,074 to €20,657
- Gross operating margin -€5,245
down €5,245 (-6.8%), from €77,153 to €71,908
- Taxes -€1,199
down €1,199 (-16.3%), from €7,359 to €6,160
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.
Cash bridge derived
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 | €530,139 | €504,223 | -€25,916 | -4.9% |
| Fixed assets | 21/28 | €431,715 | €415,946 | -€15,769 | -3.7% |
| Tangible fixed assets | 22/27 | €431,715 | €415,946 | -€15,769 | -3.7% |
| Land and buildings | 22 | €428,970 | €413,760 | -€15,210 | -3.5% |
| Plant, machinery and equipment | 23 | €1,660 | €1,564 | -€96 | -5.8% |
| Furniture and vehicles | 24 | €1,086 | €623 | -€463 | -42.6% |
| Current assets | 29/58 | €98,424 | €88,277 | -€10,147 | -10.3% |
| Amounts receivable within one year | 40/41 | €3,909 | €1,451 | -€2,459 | -62.9% |
| Trade receivables | 40 | €269 | €111 | -€158 | -58.8% |
| Other amounts receivable | 41 | €3,641 | €1,340 | -€2,301 | -63.2% |
| Cash at bank and in hand | 54/58 | €94,514 | €86,826 | -€7,689 | -8.1% |
| Total equity and liabilities | 10/49 | €530,139 | €504,223 | -€25,916 | -4.9% |
| Equity | 10/15 | €22,379 | €22,026 | -€353 | -1.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €379 | €26 | -€353 | -93.1% |
| Provisions and deferred taxes | 16 | €467,582 | €452,575 | -€15,007 | -3.2% |
| Provisions for liabilities and charges | 160/5 | €467,582 | €452,575 | -€15,007 | -3.2% |
| Other liabilities and charges | 164/5 | €467,582 | €452,575 | -€15,007 | -3.2% |
| Amounts payable | 17/49 | €40,178 | €29,622 | -€10,556 | -26.3% |
| Amounts payable within one year | 42/48 | €32,614 | €22,057 | -€10,556 | -32.4% |
| Trade debts | 44 | €1,000 | €1,400 | +€400 | +40.0% |
| Suppliers | 440/4 | €1,000 | €1,400 | +€400 | +40.0% |
| Taxes, remuneration and social security | 45 | €2,540 | - | -€2,540 | |
| Taxes | 450/3 | €2,540 | - | -€2,540 | |
| Other amounts payable | 47/48 | €29,074 | €20,657 | -€8,417 | -28.9% |
| Accrued charges and deferred income | 492/3 | €7,564 | €7,564 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,178 | €15,769 | -€409 | -2.5% |
| Other operating charges | 640/8 | €5,042 | €5,201 | +€158 | +3.1% |
| Gross operating margin | 9900 | €77,153 | €71,908 | -€5,245 | -6.8% |
| Operating profit (loss) | 9901 | €55,933 | €50,939 | -€4,994 | -8.9% |
| Financial charges | 65/66B | €26,604 | €26,631 | +€27 | +0.1% |
| Recurring financial charges | 65 | €26,604 | €26,631 | +€27 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €29,328 | €24,307 | -€5,021 | -17.1% |
| Income taxes | 67/77 | €7,359 | €6,160 | -€1,199 | -16.3% |
| Profit (loss) for the period | 9904 | €21,969 | €18,147 | -€3,822 | -17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,969 | €18,147 | -€3,822 | -17.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.