VJ: 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.
VJ
Largest movements
- Tangible fixed assets -€5,636
down €5,636 (-24.5%), from €23,005 to €17,369
- Cash +€2,686
up €2,686 (+30.9%), from €8,702 to €11,388
mainly Depreciation (+€5,636) and Other debts (+€1,584)
- Receivables within one year +€545
up €545 (+25.1%), from €2,171 to €2,716
of which Trade receivables: +€1,230
- Profit (loss) carried forward -€4,139
down €4,139 (-13.3%), from €31,020 to €26,881
- Other debts +€1,584
new in 2025: €1,584
- Gross operating margin -€31,446
down €31,446 (-92.3%), from €34,058 to €2,613
- Taxes -€6,700
down €6,700 (-94.8%), from €7,064 to €364
- Depreciation +€462
up €462 (+8.9%), from €5,174 to €5,636
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 | €34,143 | €31,702 | -€2,441 | -7.1% |
| Fixed assets | 21/28 | €23,005 | €17,369 | -€5,636 | -24.5% |
| Tangible fixed assets | 22/27 | €23,005 | €17,369 | -€5,636 | -24.5% |
| Furniture and vehicles | 24 | €23,005 | €17,369 | -€5,636 | -24.5% |
| Current assets | 29/58 | €11,138 | €14,333 | +€3,195 | +28.7% |
| Amounts receivable within one year | 40/41 | €2,171 | €2,716 | +€545 | +25.1% |
| Trade receivables | 40 | - | €1,230 | +€1,230 | |
| Other amounts receivable | 41 | €2,171 | €1,486 | -€685 | -31.6% |
| Cash at bank and in hand | 54/58 | €8,702 | €11,388 | +€2,686 | +30.9% |
| Deferred charges and accrued income | 490/1 | €265 | €229 | -€36 | -13.4% |
| Total equity and liabilities | 10/49 | €34,143 | €31,702 | -€2,441 | -7.1% |
| Equity | 10/15 | €34,020 | €29,881 | -€4,139 | -12.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,020 | €26,881 | -€4,139 | -13.3% |
| Amounts payable | 17/49 | €123 | €1,821 | +€1,698 | +1375.8% |
| Amounts payable within one year | 42/48 | €123 | €1,821 | +€1,698 | +1375.8% |
| Trade debts | 44 | €123 | €237 | +€114 | +92.0% |
| Suppliers | 440/4 | €123 | €237 | +€114 | +92.0% |
| Other amounts payable | 47/48 | - | €1,584 | +€1,584 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,174 | €5,636 | +€462 | +8.9% |
| Other operating charges | 640/8 | €665 | €581 | -€84 | -12.7% |
| Gross operating margin | 9900 | €34,058 | €2,613 | -€31,446 | -92.3% |
| Operating profit (loss) | 9901 | €28,219 | -€3,604 | -€31,823 | |
| Financial charges | 65/66B | €51 | €170 | +€119 | +232.5% |
| Recurring financial charges | 65 | €51 | €170 | +€119 | +232.5% |
| Profit (loss) for the period before taxes | 9903 | €28,168 | -€3,775 | -€31,942 | |
| Income taxes | 67/77 | €7,064 | €364 | -€6,700 | -94.8% |
| Profit (loss) for the period | 9904 | €21,104 | -€4,139 | -€25,243 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,104 | -€4,139 | -€25,243 |
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 28 September 2026 via checked.be.