The James: 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.
The James
Largest movements
- Receivables within one year +€48,727
up €48,727 (+60.2%), from €80,898 to €129,625
of which Other amounts receivable: +€38,084
- Cash -€9,320
down €9,320 (-90.6%), from €10,289 to €968
mainly Receivables within one year (-€48,727) and Tax, wage and social debts (-€4,339)
- Deferred charges and accrued income -€1,600
no longer reported in 2025 (was €1,600)
- Profit (loss) carried forward +€27,241
up €27,241 (+60.5%), from €45,060 to €72,301
- Advances received +€13,117
new in 2025: €13,117
- Tax, wage and social debts -€4,339
down €4,339 (-15.1%), from €28,652 to €24,313
- Gross operating margin -€6,232
down €6,232 (-14.4%), from €43,242 to €37,010
- Other operating charges -€5,759
down €5,759 (-86.8%), from €6,636 to €877
- Financial income +€2,279
up €2,279 (+80.8%), from €2,820 to €5,099
- Financial charges +€762
up €762 (+344%), from €222 to €984
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 | €96,916 | €134,029 | +€37,113 | +38.3% |
| Fixed assets | 21/28 | €4,130 | €3,435 | -€694 | -16.8% |
| Tangible fixed assets | 22/27 | €1,140 | €445 | -€694 | -60.9% |
| Furniture and vehicles | 24 | €1,140 | €445 | -€694 | -60.9% |
| Financial fixed assets | 28 | €2,990 | €2,990 | = | 0.0% |
| Current assets | 29/58 | €92,786 | €130,593 | +€37,807 | +40.7% |
| Amounts receivable within one year | 40/41 | €80,898 | €129,625 | +€48,727 | +60.2% |
| Trade receivables | 40 | €2,956 | €13,599 | +€10,643 | +360% |
| Other amounts receivable | 41 | €77,942 | €116,026 | +€38,084 | +48.9% |
| Cash at bank and in hand | 54/58 | €10,289 | €968 | -€9,320 | -90.6% |
| Deferred charges and accrued income | 490/1 | €1,600 | - | -€1,600 | |
| Total equity and liabilities | 10/49 | €96,916 | €134,029 | +€37,113 | +38.3% |
| Equity | 10/15 | €65,520 | €92,761 | +€27,241 | +41.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,060 | €72,301 | +€27,241 | +60.5% |
| Amounts payable | 17/49 | €31,396 | €41,268 | +€9,872 | +31.4% |
| Amounts payable within one year | 42/48 | €31,396 | €41,268 | +€9,872 | +31.4% |
| Trade debts | 44 | €2,744 | €3,838 | +€1,094 | +39.9% |
| Suppliers | 440/4 | €2,744 | €3,838 | +€1,094 | +39.9% |
| Advances received on contracts in progress | 46 | - | €13,117 | +€13,117 | |
| Taxes, remuneration and social security | 45 | €28,652 | €24,313 | -€4,339 | -15.1% |
| Taxes | 450/3 | €28,652 | €24,313 | -€4,339 | -15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €694 | €694 | = | 0.0% |
| Other operating charges | 640/8 | €6,636 | €877 | -€5,759 | -86.8% |
| Gross operating margin | 9900 | €43,242 | €37,010 | -€6,232 | -14.4% |
| Operating profit (loss) | 9901 | €35,912 | €35,439 | -€473 | -1.3% |
| Financial income | 75/76B | €2,820 | €5,099 | +€2,279 | +80.8% |
| Recurring financial income | 75 | €2,820 | €5,099 | +€2,279 | +80.8% |
| Financial charges | 65/66B | €222 | €984 | +€762 | +344% |
| Recurring financial charges | 65 | €222 | €984 | +€762 | +344% |
| Profit (loss) for the period before taxes | 9903 | €38,510 | €39,554 | +€1,044 | +2.7% |
| Income taxes | 67/77 | €12,000 | €12,313 | +€313 | +2.6% |
| Profit (loss) for the period | 9904 | €26,510 | €27,241 | +€731 | +2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €26,510 | €27,241 | +€731 | +2.8% |
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.