VJ Gestion: 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.
VJ Gestion
Largest movements
- Cash +€44,603
up €44,603 (+69.4%), from €64,280 to €108,883
mainly Net result for the year (+€30,502) and Depreciation (+€28,112)
- Tangible fixed assets -€18,233
down €18,233 (-32.1%), from €56,721 to €38,489
- Receivables within one year -€6,475
down €6,475 (-11.2%), from €57,881 to €51,406
of which Other amounts receivable: -€15,516
- Other debts +€19,844
up €19,844 (+10,049%), from €197 to €20,041
- Reserves +€10,635
up €10,635 (+8.3%), from €127,832 to €138,467
- Tax, wage and social debts -€8,486
down €8,486 (-35.3%), from €24,062 to €15,576
of which Taxes: -€9,585
- Staff costs -€75,715
down €75,715 (-100%), from €75,715 to €0
- Gross operating margin -€57,869
down €57,869 (-44.0%), from €131,610 to €73,741
- Taxes +€11,153
up €11,153 (+684%), from €1,631 to €12,784
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 | €179,744 | €199,648 | +€19,904 | +11.1% |
| Fixed assets | 21/28 | €56,721 | €38,489 | -€18,233 | -32.1% |
| Tangible fixed assets | 22/27 | €56,721 | €38,489 | -€18,233 | -32.1% |
| Furniture and vehicles | 24 | €56,721 | €38,489 | -€18,233 | -32.1% |
| Current assets | 29/58 | €123,023 | €161,159 | +€38,137 | +31.0% |
| Amounts receivable within one year | 40/41 | €57,881 | €51,406 | -€6,475 | -11.2% |
| Trade receivables | 40 | €42,364 | €51,406 | +€9,042 | +21.3% |
| Other amounts receivable | 41 | €15,516 | €0 | -€15,516 | -100% |
| Cash at bank and in hand | 54/58 | €64,280 | €108,883 | +€44,603 | +69.4% |
| Deferred charges and accrued income | 490/1 | €862 | €870 | +€8 | +1.0% |
| Total equity and liabilities | 10/49 | €179,744 | €199,648 | +€19,904 | +11.1% |
| Equity | 10/15 | €146,565 | €157,067 | +€10,502 | +7.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €127,832 | €138,467 | +€10,635 | +8.3% |
| Distributable reserves | 133 | €127,832 | €138,467 | +€10,635 | +8.3% |
| Profit (loss) carried forward | 14 | €133 | €0 | -€133 | -100% |
| Amounts payable | 17/49 | €33,179 | €42,581 | +€9,402 | +28.3% |
| Amounts payable within one year | 42/48 | €33,179 | €42,581 | +€9,402 | +28.3% |
| Trade debts | 44 | €8,919 | €6,964 | -€1,955 | -21.9% |
| Suppliers | 440/4 | €8,919 | €6,964 | -€1,955 | -21.9% |
| Taxes, remuneration and social security | 45 | €24,062 | €15,576 | -€8,486 | -35.3% |
| Taxes | 450/3 | €24,062 | €14,477 | -€9,585 | -39.8% |
| Remuneration and social security | 454/9 | €0 | €1,099 | +€1,099 | |
| Other amounts payable | 47/48 | €197 | €20,041 | +€19,844 | +10,049% |
| Remuneration, social security and pensions | 62 | €75,715 | €0 | -€75,715 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,242 | €28,112 | +€870 | +3.2% |
| Other operating charges | 640/8 | €2,138 | €1,552 | -€586 | -27.4% |
| Non-recurring operating charges | 66A | €24,357 | €0 | -€24,357 | -100% |
| Gross operating margin | 9900 | €131,610 | €73,741 | -€57,869 | -44.0% |
| Operating profit (loss) | 9901 | €2,157 | €44,076 | +€41,919 | +1,943% |
| Financial charges | 65/66B | €393 | €791 | +€398 | +101% |
| Recurring financial charges | 65 | €393 | €791 | +€398 | +101% |
| Profit (loss) for the period before taxes | 9903 | €1,764 | €43,285 | +€41,521 | +2,354% |
| Income taxes | 67/77 | €1,631 | €12,784 | +€11,153 | +684% |
| Profit (loss) for the period | 9904 | €133 | €30,502 | +€30,369 | +22,815% |
| Profit (loss) for the period to be appropriated | 9905 | €133 | €30,502 | +€30,369 | +22,815% |
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 13 October 2026 via checked.be.