J.A.C.: what changed
Two fiscal 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.C.
Largest movements
- Tangible fixed assets +€75,655
up €75,655 (+768.7%), from €9,843 to €85,498
of which Furniture and vehicles: +€77,669
- Receivables within one year -€25,587
down €25,587 (-37.9%), from €67,500 to €41,914
of which Trade receivables: -€23,257
- Cash +€8,823
up €8,823 (+19.9%), from €44,363 to €53,186
mainly Debts after one year (+€60,387) and Receivables within one year (+€25,587)
- Debts after one year +€60,387
new in 2025: €60,387
- Other debts -€15,216
no longer reported in 2025 (was €15,216)
- Current portion of long-term debt +€15,066
new in 2025: €15,066
- Trade debts -€8,296
down €8,296 (-38.0%), from €21,818 to €13,523
- Profit (loss) carried forward +€8,131
up €8,131 (+15.5%), from €52,356 to €60,487
- Taxes -€5,318
down €5,318 (-96.0%), from €5,542 to €223
- Depreciation +€5,173
up €5,173 (+117.8%), from €4,392 to €9,565
- Other operating charges +€1,622
up €1,622 (+95.3%), from €1,702 to €3,323
- Gross operating margin -€1,157
down €1,157 (-2.0%), from €58,274 to €57,117
- Financial charges +€760
up €760 (+238.6%), from €319 to €1,079
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 | €153,273 | €213,432 | +€60,160 | +39.3% |
| Fixed assets | 21/28 | €9,843 | €85,498 | +€75,655 | +768.7% |
| Tangible fixed assets | 22/27 | €9,843 | €85,498 | +€75,655 | +768.7% |
| Plant, machinery and equipment | 23 | €6,513 | €4,499 | -€2,014 | -30.9% |
| Furniture and vehicles | 24 | €3,330 | €80,999 | +€77,669 | +2332.6% |
| Current assets | 29/58 | €143,430 | €127,935 | -€15,496 | -10.8% |
| Stocks and contracts in progress | 3 | €31,567 | €32,835 | +€1,268 | +4.0% |
| Stocks | 30/36 | €31,567 | €32,835 | +€1,268 | +4.0% |
| Amounts receivable within one year | 40/41 | €67,500 | €41,914 | -€25,587 | -37.9% |
| Trade receivables | 40 | €64,574 | €41,317 | -€23,257 | -36.0% |
| Other amounts receivable | 41 | €2,926 | €597 | -€2,329 | -79.6% |
| Cash at bank and in hand | 54/58 | €44,363 | €53,186 | +€8,823 | +19.9% |
| Total equity and liabilities | 10/49 | €153,273 | €213,432 | +€60,160 | +39.3% |
| Equity | 10/15 | €111,855 | €119,986 | +€8,131 | +7.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €39,499 | €39,499 | = | 0.0% |
| Distributable reserves | 133 | €39,499 | €39,499 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,356 | €60,487 | +€8,131 | +15.5% |
| Amounts payable | 17/49 | €41,418 | €93,447 | +€52,029 | +125.6% |
| Amounts payable after more than one year | 17 | - | €60,387 | +€60,387 | |
| Financial debts | 170/4 | - | €60,387 | +€60,387 | |
| Amounts payable within one year | 42/48 | €41,418 | €33,060 | -€8,358 | -20.2% |
| Current portion of amounts payable after more than one year | 42 | - | €15,066 | +€15,066 | |
| Trade debts | 44 | €21,818 | €13,523 | -€8,296 | -38.0% |
| Suppliers | 440/4 | €21,818 | €13,523 | -€8,296 | -38.0% |
| Taxes, remuneration and social security | 45 | €4,383 | €4,471 | +€88 | +2.0% |
| Remuneration and social security | 454/9 | €4,383 | €4,471 | +€88 | +2.0% |
| Other amounts payable | 47/48 | €15,216 | - | -€15,216 | |
| Remuneration, social security and pensions | 62 | €34,766 | €34,796 | +€30 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,392 | €9,565 | +€5,173 | +117.8% |
| Other operating charges | 640/8 | €1,702 | €3,323 | +€1,622 | +95.3% |
| Gross operating margin | 9900 | €58,274 | €57,117 | -€1,157 | -2.0% |
| Operating profit (loss) | 9901 | €17,415 | €9,433 | -€7,982 | -45.8% |
| Financial income | 75/76B | €348 | - | -€348 | |
| Recurring financial income | 75 | €348 | - | -€348 | |
| Financial charges | 65/66B | €319 | €1,079 | +€760 | +238.6% |
| Recurring financial charges | 65 | €319 | €1,079 | +€760 | +238.6% |
| Profit (loss) for the period before taxes | 9903 | €17,444 | €8,354 | -€9,090 | -52.1% |
| Income taxes | 67/77 | €5,542 | €223 | -€5,318 | -96.0% |
| Profit (loss) for the period | 9904 | €11,902 | €8,131 | -€3,771 | -31.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,902 | €8,131 | -€3,771 | -31.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.