VJ MEASUREMENT: 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 MEASUREMENT
Largest movements
- Deferred charges and accrued income -€30,000
down €30,000 (-25.0%), from €120,000 to €90,000
- Profit (loss) carried forward -€21,640
down €21,640 (-52.2%), from -€41,429 to -€63,068
- Other debts -€7,490
down €7,490 (-6.2%), from €120,714 to €113,224
- Trade debts +€2,070
up €2,070 (+132%), from €1,570 to €3,640
- Current portion of long-term debt -€2,029
down €2,029 (-100%), from €2,029 to €0
- Tax, wage and social debts -€1,303
down €1,303 (-24.4%), from €5,344 to €4,040
- Gross operating margin -€3,392
down €3,392 (-21.4%), from €15,880 to €12,488
- Financial charges -€212
down €212 (-19.4%), from €1,091 to €880
- Other operating charges +€184
up €184 (+9.3%), from €1,968 to €2,152
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €122,824 | €92,792 | -€30,032 | -24.5% |
| Fixed assets | 21/28 | €719 | €0 | -€719 | -100% |
| Tangible fixed assets | 22/27 | €719 | €0 | -€719 | -100% |
| Furniture and vehicles | 24 | €719 | €0 | -€719 | -100% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €122,105 | €92,792 | -€29,313 | -24.0% |
| Amounts receivable within one year | 40/41 | €1,792 | €2,430 | +€637 | +35.6% |
| Trade receivables | 40 | €1,653 | €2,397 | +€744 | +45.0% |
| Other amounts receivable | 41 | €139 | €33 | -€106 | -76.3% |
| Cash at bank and in hand | 54/58 | €313 | €362 | +€49 | +15.7% |
| Deferred charges and accrued income | 490/1 | €120,000 | €90,000 | -€30,000 | -25.0% |
| Total equity and liabilities | 10/49 | €122,824 | €92,792 | -€30,032 | -24.5% |
| Equity | 10/15 | -€13,022 | -€34,662 | -€21,640 | -166% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €8,406 | €8,406 | = | 0.0% |
| Distributable reserves | 133 | €8,406 | €8,406 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,429 | -€63,068 | -€21,640 | -52.2% |
| Amounts payable | 17/49 | €135,846 | €127,454 | -€8,393 | -6.2% |
| Amounts payable within one year | 42/48 | €135,846 | €127,454 | -€8,393 | -6.2% |
| Current portion of amounts payable after more than one year | 42 | €2,029 | €0 | -€2,029 | -100% |
| Financial debts | 43 | €5,289 | €5,649 | +€360 | +6.8% |
| Credit institutions | 430/8 | €5,289 | €5,649 | +€360 | +6.8% |
| Trade debts | 44 | €1,570 | €3,640 | +€2,070 | +132% |
| Suppliers | 440/4 | €1,570 | €3,640 | +€2,070 | +132% |
| Advances received on contracts in progress | 46 | €900 | €900 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €5,344 | €4,040 | -€1,303 | -24.4% |
| Taxes | 450/3 | €5,344 | €4,040 | -€1,303 | -24.4% |
| Other amounts payable | 47/48 | €120,714 | €113,224 | -€7,490 | -6.2% |
| Non-recurring operating income | 76A | €1,799 | €0 | -€1,799 | -100% |
| Remuneration, social security and pensions | 62 | - | €45 | +€45 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €811 | €719 | -€92 | -11.3% |
| Other operating charges | 640/8 | €1,968 | €2,152 | +€184 | +9.3% |
| Non-recurring operating charges | 66A | €30,000 | €30,000 | = | 0.0% |
| Gross operating margin | 9900 | €15,880 | €12,488 | -€3,392 | -21.4% |
| Operating profit (loss) | 9901 | -€16,899 | -€20,428 | -€3,529 | -20.9% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €1,091 | €880 | -€212 | -19.4% |
| Recurring financial charges | 65 | €1,091 | €880 | -€212 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | -€17,990 | -€21,298 | -€3,308 | -18.4% |
| Income taxes | 67/77 | €433 | €342 | -€91 | -21.0% |
| Profit (loss) for the period | 9904 | -€18,423 | -€21,640 | -€3,217 | -17.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,423 | -€21,640 | -€3,217 | -17.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.