J.A. MANAGEMENT: 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. MANAGEMENT
Largest movements
- Current investments +€194,013
up €194,013 (+46.2%), from €420,000 to €614,013
- Cash -€61,827
down €61,827 (-85.3%), from €72,475 to €10,648
mainly Current investments (-€194,013) and Tax, wage and social debts (-€35,045)
- Receivables within one year -€12,106
down €12,106 (-75.3%), from €16,087 to €3,980
of which Trade receivables: -€14,000
- Tangible fixed assets -€7,946
down €7,946 (-25.5%), from €31,118 to €23,172
of which Furniture and vehicles: -€7,077
- Reserves +€147,345
up €147,345 (+33.6%), from €438,659 to €586,004
- Tax, wage and social debts -€35,045
down €35,045 (-24.0%), from €145,884 to €110,839
- Gross operating margin -€174,327
down €174,327 (-70.9%), from €245,709 to €71,383
- Financial income +€98,524
up €98,524 (+541%), from €18,222 to €116,746
- Taxes -€49,659
down €49,659 (-63.6%), from €78,021 to €28,362
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 | €589,710 | €701,843 | +€112,133 | +19.0% |
| Fixed assets | 21/28 | €31,148 | €23,202 | -€7,946 | -25.5% |
| Tangible fixed assets | 22/27 | €31,118 | €23,172 | -€7,946 | -25.5% |
| Furniture and vehicles | 24 | €29,997 | €22,920 | -€7,077 | -23.6% |
| Other tangible fixed assets | 26 | €1,121 | €252 | -€869 | -77.6% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €558,562 | €678,642 | +€120,079 | +21.5% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €16,087 | €3,980 | -€12,106 | -75.3% |
| Trade receivables | 40 | €14,000 | - | -€14,000 | |
| Other amounts receivable | 41 | €2,087 | €3,980 | +€1,894 | +90.8% |
| Current investments | 50/53 | €420,000 | €614,013 | +€194,013 | +46.2% |
| Cash at bank and in hand | 54/58 | €72,475 | €10,648 | -€61,827 | -85.3% |
| Total equity and liabilities | 10/49 | €589,710 | €701,843 | +€112,133 | +19.0% |
| Equity | 10/15 | €443,659 | €591,004 | +€147,345 | +33.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €438,659 | €586,004 | +€147,345 | +33.6% |
| Distributable reserves | 133 | €438,659 | €586,004 | +€147,345 | +33.6% |
| Amounts payable | 17/49 | €146,051 | €110,839 | -€35,212 | -24.1% |
| Amounts payable within one year | 42/48 | €146,051 | €110,839 | -€35,212 | -24.1% |
| Trade debts | 44 | €167 | - | -€167 | |
| Suppliers | 440/4 | €167 | - | -€167 | |
| Taxes, remuneration and social security | 45 | €145,884 | €110,839 | -€35,045 | -24.0% |
| Taxes | 450/3 | €145,884 | €110,839 | -€35,045 | -24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,395 | €9,015 | +€620 | +7.4% |
| Other operating charges | 640/8 | €1,600 | €2,536 | +€936 | +58.5% |
| Gross operating margin | 9900 | €245,709 | €71,383 | -€174,327 | -70.9% |
| Operating profit (loss) | 9901 | €235,714 | €59,832 | -€175,883 | -74.6% |
| Financial income | 75/76B | €18,222 | €116,746 | +€98,524 | +541% |
| Recurring financial income | 75 | €18,222 | €116,746 | +€98,524 | +541% |
| Financial charges | 65/66B | €1,940 | €870 | -€1,070 | -55.1% |
| Recurring financial charges | 65 | €1,940 | €870 | -€1,070 | -55.1% |
| Profit (loss) for the period before taxes | 9903 | €251,996 | €175,707 | -€76,288 | -30.3% |
| Income taxes | 67/77 | €78,021 | €28,362 | -€49,659 | -63.6% |
| Profit (loss) for the period | 9904 | €173,975 | €147,345 | -€26,629 | -15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €173,975 | €147,345 | -€26,629 | -15.3% |
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 13 October 2026 via checked.be.