I&J: 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.
I&J
Largest movements
- Cash +€119,796
up €119,796 (+774.3%), from €15,471 to €135,267
mainly Trade debts (+€134,580) and Other debts (+€57,330)
- Financial fixed assets +€93,400
up €93,400 (+45.2%), from €206,600 to €300,000
- Tangible fixed assets -€17,692
down €17,692 (-11.0%), from €160,332 to €142,640
of which Furniture and vehicles: -€19,525
- Trade debts +€134,580
up €134,580 (+79.1%), from €170,135 to €304,715
- Other debts +€57,330
up €57,330 (+12.3%), from €467,121 to €524,451
- Other operating charges +€142,561
up €142,561 (+10293.2%), from €1,385 to €143,946
- Gross operating margin +€67,570
up €67,570 (+53.6%), from €126,012 to €193,582
- Taxes -€29,777
down €29,777, from €25,701 to -€4,076
- Depreciation +€9,035
up €9,035 (+21.6%), from €41,799 to €50,834
- Financial charges +€5,777
up €5,777 (+147.2%), from €3,924 to €9,701
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 | €781,802 | €979,610 | +€197,808 | +25.3% |
| Fixed assets | 21/28 | €366,932 | €442,640 | +€75,708 | +20.6% |
| Tangible fixed assets | 22/27 | €160,332 | €142,640 | -€17,692 | -11.0% |
| Plant, machinery and equipment | 23 | €20,957 | €24,224 | +€3,267 | +15.6% |
| Furniture and vehicles | 24 | €130,894 | €111,369 | -€19,525 | -14.9% |
| Other tangible fixed assets | 26 | €8,481 | €7,047 | -€1,434 | -16.9% |
| Financial fixed assets | 28 | €206,600 | €300,000 | +€93,400 | +45.2% |
| Current assets | 29/58 | €414,870 | €536,970 | +€122,100 | +29.4% |
| Amounts receivable within one year | 40/41 | €399,399 | €398,162 | -€1,237 | -0.3% |
| Trade receivables | 40 | €372,704 | €330,174 | -€42,530 | -11.4% |
| Other amounts receivable | 41 | €26,695 | €67,988 | +€41,293 | +154.7% |
| Cash at bank and in hand | 54/58 | €15,471 | €135,267 | +€119,796 | +774.3% |
| Deferred charges and accrued income | 490/1 | - | €3,541 | +€3,541 | |
| Total equity and liabilities | 10/49 | €781,802 | €979,610 | +€197,808 | +25.3% |
| Equity | 10/15 | €118,195 | €111,373 | -€6,822 | -5.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €113,171 | €113,171 | = | 0.0% |
| Distributable reserves | 133 | €113,171 | €113,171 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24 | -€6,798 | -€6,822 | |
| Amounts payable | 17/49 | €663,607 | €868,237 | +€204,630 | +30.8% |
| Amounts payable after more than one year | 17 | €965 | €10,417 | +€9,452 | +979.5% |
| Financial debts | 170/4 | €965 | €10,417 | +€9,452 | +979.5% |
| Amounts payable within one year | 42/48 | €655,515 | €842,325 | +€186,810 | +28.5% |
| Current portion of amounts payable after more than one year | 42 | €11,484 | €6,366 | -€5,118 | -44.6% |
| Financial debts | 43 | €6,775 | €6,793 | +€18 | +0.3% |
| Credit institutions | 430/8 | €6,775 | €6,793 | +€18 | +0.3% |
| Trade debts | 44 | €170,135 | €304,715 | +€134,580 | +79.1% |
| Suppliers | 440/4 | €170,135 | €304,715 | +€134,580 | +79.1% |
| Other amounts payable | 47/48 | €467,121 | €524,451 | +€57,330 | +12.3% |
| Accrued charges and deferred income | 492/3 | €7,127 | €15,495 | +€8,368 | +117.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,799 | €50,834 | +€9,035 | +21.6% |
| Other operating charges | 640/8 | €1,385 | €143,946 | +€142,561 | +10293.2% |
| Gross operating margin | 9900 | €126,012 | €193,582 | +€67,570 | +53.6% |
| Operating profit (loss) | 9901 | €82,828 | -€1,198 | -€84,026 | |
| Financial income | 75/76B | €21 | €1 | -€20 | -95.2% |
| Recurring financial income | 75 | €21 | €1 | -€20 | -95.2% |
| Financial charges | 65/66B | €3,924 | €9,701 | +€5,777 | +147.2% |
| Recurring financial charges | 65 | €3,924 | €9,701 | +€5,777 | +147.2% |
| Profit (loss) for the period before taxes | 9903 | €78,925 | -€10,898 | -€89,823 | |
| Income taxes | 67/77 | €25,701 | -€4,076 | -€29,777 | |
| Profit (loss) for the period | 9904 | €53,224 | -€6,822 | -€60,046 | |
| Profit (loss) for the period to be appropriated | 9905 | €53,224 | -€6,822 | -€60,046 |
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 11 October 2026 via checked.be.