J&A construct: 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 construct
Largest movements
- Receivables within one year +€8,008
up €8,008 (+138.4%), from €5,787 to €13,795
of which Trade receivables: +€7,275
- Cash +€6,309
up €6,309 (+154.8%), from €4,075 to €10,384
mainly Net result for the year (+€17,127) and Depreciation (+€3,587)
- Deferred charges and accrued income -€2,698
down €2,698 (-22.3%), from €12,122 to €9,423
- Tangible fixed assets -€2,329
down €2,329 (-7.3%), from €31,730 to €29,400
of which Plant, machinery and equipment: -€1,998
- Profit (loss) carried forward +€17,127
up €17,127 (+66.9%), from €25,586 to €42,713
- Other debts -€11,136
no longer reported in 2025 (was €11,136)
- Trade debts +€3,018
up €3,018 (+100.7%), from €2,998 to €6,016
- Tax, wage and social debts +€2,830
up €2,830 (+33.4%), from €8,472 to €11,303
of which Taxes: +€4,830
- Accrued charges and deferred income -€2,550
no longer reported in 2025 (was €2,550)
- Gross operating margin -€16,587
down €16,587 (-34.9%), from €47,499 to €30,912
- Depreciation -€3,529
down €3,529 (-49.6%), from €7,116 to €3,587
- Taxes -€1,800
down €1,800 (-28.1%), from €6,400 to €4,600
- Other operating charges -€1,721
down €1,721 (-57.8%), from €2,979 to €1,258
- Financial charges -€1,119
down €1,119 (-20.5%), from €5,459 to €4,340
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 | €53,742 | €63,031 | +€9,290 | +17.3% |
| Fixed assets | 21/28 | €31,758 | €29,429 | -€2,329 | -7.3% |
| Tangible fixed assets | 22/27 | €31,730 | €29,400 | -€2,329 | -7.3% |
| Land and buildings | 22 | €24,719 | €23,501 | -€1,217 | -4.9% |
| Plant, machinery and equipment | 23 | €6,378 | €4,380 | -€1,998 | -31.3% |
| Furniture and vehicles | 24 | €633 | €1,519 | +€886 | +139.9% |
| Financial fixed assets | 28 | €28 | €28 | = | 0.0% |
| Current assets | 29/58 | €21,984 | €33,603 | +€11,619 | +52.9% |
| Amounts receivable within one year | 40/41 | €5,787 | €13,795 | +€8,008 | +138.4% |
| Trade receivables | 40 | €10 | €7,285 | +€7,275 | +72747.7% |
| Other amounts receivable | 41 | €5,777 | €6,510 | +€733 | +12.7% |
| Cash at bank and in hand | 54/58 | €4,075 | €10,384 | +€6,309 | +154.8% |
| Deferred charges and accrued income | 490/1 | €12,122 | €9,423 | -€2,698 | -22.3% |
| Total equity and liabilities | 10/49 | €53,742 | €63,031 | +€9,290 | +17.3% |
| Equity | 10/15 | €28,586 | €45,713 | +€17,127 | +59.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,586 | €42,713 | +€17,127 | +66.9% |
| Amounts payable | 17/49 | €25,156 | €17,319 | -€7,837 | -31.2% |
| Amounts payable within one year | 42/48 | €22,606 | €17,319 | -€5,288 | -23.4% |
| Trade debts | 44 | €2,998 | €6,016 | +€3,018 | +100.7% |
| Suppliers | 440/4 | €2,998 | €6,016 | +€3,018 | +100.7% |
| Taxes, remuneration and social security | 45 | €8,472 | €11,303 | +€2,830 | +33.4% |
| Taxes | 450/3 | €6,472 | €11,303 | +€4,830 | +74.6% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €11,136 | - | -€11,136 | |
| Accrued charges and deferred income | 492/3 | €2,550 | - | -€2,550 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,116 | €3,587 | -€3,529 | -49.6% |
| Other operating charges | 640/8 | €2,979 | €1,258 | -€1,721 | -57.8% |
| Gross operating margin | 9900 | €47,499 | €30,912 | -€16,587 | -34.9% |
| Operating profit (loss) | 9901 | €37,403 | €26,067 | -€11,337 | -30.3% |
| Financial income | 75/76B | €42 | - | -€42 | |
| Recurring financial income | 75 | €42 | - | -€42 | |
| Financial charges | 65/66B | €5,459 | €4,340 | -€1,119 | -20.5% |
| Recurring financial charges | 65 | €5,459 | €4,340 | -€1,119 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | €31,986 | €21,727 | -€10,260 | -32.1% |
| Income taxes | 67/77 | €6,400 | €4,600 | -€1,800 | -28.1% |
| Profit (loss) for the period | 9904 | €25,586 | €17,127 | -€8,460 | -33.1% |
| Profit (loss) for the period to be appropriated | 9905 | €25,586 | €17,127 | -€8,460 | -33.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.