J&A: 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.
J&A
Largest movements
- Cash +€24,523
up €24,523 (+116%), from €21,079 to €45,602
mainly Net result for the year (+€40,916) and Depreciation (+€13,560)
- Tangible fixed assets -€10,654
down €10,654 (-18.2%), from €58,657 to €48,003
- Reserves +€40,500
up €40,500 (+77.9%), from €52,000 to €92,500
- Other debts -€20,000
no longer reported in 2025 (was €20,000)
- Tax, wage and social debts -€6,082
down €6,082 (-36.1%), from €16,835 to €10,753
- Gross operating margin -€7,473
down €7,473 (-9.5%), from €78,482 to €71,009
- Depreciation +€7,378
up €7,378 (+119%), from €6,182 to €13,560
- Taxes -€3,989
down €3,989 (-20.2%), from €19,750 to €15,761
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 | €94,861 | €109,721 | +€14,860 | +15.7% |
| Fixed assets | 21/28 | €58,657 | €48,003 | -€10,654 | -18.2% |
| Tangible fixed assets | 22/27 | €58,657 | €48,003 | -€10,654 | -18.2% |
| Furniture and vehicles | 24 | €58,657 | €48,003 | -€10,654 | -18.2% |
| Current assets | 29/58 | €36,204 | €61,719 | +€25,514 | +70.5% |
| Amounts receivable within one year | 40/41 | €15,125 | €16,117 | +€992 | +6.6% |
| Trade receivables | 40 | €15,125 | €13,867 | -€1,258 | -8.3% |
| Other amounts receivable | 41 | - | €2,250 | +€2,250 | |
| Cash at bank and in hand | 54/58 | €21,079 | €45,602 | +€24,523 | +116% |
| Total equity and liabilities | 10/49 | €94,861 | €109,721 | +€14,860 | +15.7% |
| Equity | 10/15 | €57,160 | €98,076 | +€40,916 | +71.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €52,000 | €92,500 | +€40,500 | +77.9% |
| Distributable reserves | 133 | €52,000 | €92,500 | +€40,500 | +77.9% |
| Profit (loss) carried forward | 14 | €160 | €576 | +€416 | +259% |
| Amounts payable | 17/49 | €37,701 | €11,645 | -€26,056 | -69.1% |
| Amounts payable within one year | 42/48 | €36,851 | €10,757 | -€26,094 | -70.8% |
| Trade debts | 44 | €15 | €4 | -€11 | -73.3% |
| Suppliers | 440/4 | €15 | €4 | -€11 | -73.3% |
| Taxes, remuneration and social security | 45 | €16,835 | €10,753 | -€6,082 | -36.1% |
| Taxes | 450/3 | €16,835 | €10,753 | -€6,082 | -36.1% |
| Other amounts payable | 47/48 | €20,000 | - | -€20,000 | |
| Accrued charges and deferred income | 492/3 | €850 | €888 | +€38 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,182 | €13,560 | +€7,378 | +119% |
| Other operating charges | 640/8 | €387 | €663 | +€275 | +71.1% |
| Gross operating margin | 9900 | €78,482 | €71,009 | -€7,473 | -9.5% |
| Operating profit (loss) | 9901 | €71,912 | €56,786 | -€15,126 | -21.0% |
| Financial charges | 65/66B | €2 | €110 | +€108 | +5,404% |
| Recurring financial charges | 65 | €2 | €110 | +€108 | +5,404% |
| Profit (loss) for the period before taxes | 9903 | €71,910 | €56,676 | -€15,234 | -21.2% |
| Income taxes | 67/77 | €19,750 | €15,761 | -€3,989 | -20.2% |
| Profit (loss) for the period | 9904 | €52,160 | €40,916 | -€11,245 | -21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €52,160 | €40,916 | -€11,245 | -21.6% |
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 18 October 2026 via checked.be.