JJ: 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.
JJ
Largest movements
- Cash +€17,687
up €17,687 (+33.7%), from €52,428 to €70,115
mainly Other debts (+€70,000) and Net result for the year (+€17,797)
- Tangible fixed assets -€9,012
down €9,012 (-19.2%), from €47,021 to €38,009
of which Furniture and vehicles: -€12,471
- Receivables within one year +€5,898
up €5,898 (+17.4%), from €33,926 to €39,824
- Other debts +€70,000
up €70,000 (+140%), from €50,000 to €120,000
- Reserves -€50,000
no longer reported in 2025 (was €50,000)
- Tax, wage and social debts -€7,226
down €7,226 (-70.7%), from €10,226 to €3,000
- Accrued charges and deferred income +€4,002
up €4,002 (+471%), from €850 to €4,852
- Profit (loss) carried forward -€2,203
down €2,203 (-41.9%), from €5,255 to €3,052
- Gross operating margin -€29,751
down €29,751 (-42.4%), from €70,166 to €40,415
- Taxes -€6,446
down €6,446 (-55.7%), from €11,574 to €5,128
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 | €134,932 | €149,504 | +€14,573 | +10.8% |
| Fixed assets | 21/28 | €47,021 | €38,009 | -€9,012 | -19.2% |
| Tangible fixed assets | 22/27 | €47,021 | €38,009 | -€9,012 | -19.2% |
| Plant, machinery and equipment | 23 | €1,327 | €4,786 | +€3,459 | +261% |
| Furniture and vehicles | 24 | €45,694 | €33,223 | -€12,471 | -27.3% |
| Current assets | 29/58 | €87,911 | €111,496 | +€23,585 | +26.8% |
| Amounts receivable within one year | 40/41 | €33,926 | €39,824 | +€5,898 | +17.4% |
| Other amounts receivable | 41 | €33,926 | €39,824 | +€5,898 | +17.4% |
| Cash at bank and in hand | 54/58 | €52,428 | €70,115 | +€17,687 | +33.7% |
| Deferred charges and accrued income | 490/1 | €1,556 | €1,556 | = | 0.0% |
| Total equity and liabilities | 10/49 | €134,932 | €149,504 | +€14,573 | +10.8% |
| Equity | 10/15 | €73,855 | €21,652 | -€52,203 | -70.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €50,000 | - | -€50,000 | |
| Distributable reserves | 133 | €50,000 | - | -€50,000 | |
| Profit (loss) carried forward | 14 | €5,255 | €3,052 | -€2,203 | -41.9% |
| Amounts payable | 17/49 | €61,076 | €127,852 | +€66,776 | +109% |
| Amounts payable within one year | 42/48 | €60,226 | €123,000 | +€62,774 | +104% |
| Taxes, remuneration and social security | 45 | €10,226 | €3,000 | -€7,226 | -70.7% |
| Taxes | 450/3 | €10,226 | €3,000 | -€7,226 | -70.7% |
| Other amounts payable | 47/48 | €50,000 | €120,000 | +€70,000 | +140% |
| Accrued charges and deferred income | 492/3 | €850 | €4,852 | +€4,002 | +471% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,870 | €13,373 | +€503 | +3.9% |
| Other operating charges | 640/8 | €505 | €532 | +€27 | +5.3% |
| Gross operating margin | 9900 | €70,166 | €40,415 | -€29,751 | -42.4% |
| Operating profit (loss) | 9901 | €56,791 | €26,510 | -€30,281 | -53.3% |
| Financial charges | 65/66B | €4,061 | €3,585 | -€476 | -11.7% |
| Recurring financial charges | 65 | €4,061 | €3,585 | -€476 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €52,730 | €22,925 | -€29,805 | -56.5% |
| Income taxes | 67/77 | €11,574 | €5,128 | -€6,446 | -55.7% |
| Profit (loss) for the period | 9904 | €41,156 | €17,797 | -€23,359 | -56.8% |
| Profit (loss) for the period to be appropriated | 9905 | €41,156 | €17,797 | -€23,359 | -56.8% |
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 28 October 2026 via checked.be.