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
- Cash -€29,826
down €29,826 (-54.6%), from €54,630 to €24,804
mainly Debts after one year (-€151,944) and Other debts (-€35,100)
- Receivables within one year -€20,308
down €20,308 (-42.5%), from €47,790 to €27,482
of which Other amounts receivable: -€38,019
- Debts after one year -€151,944
down €151,944 (-19.1%), from €794,261 to €642,317
- Profit (loss) carried forward +€137,073
up €137,073 (+26.6%), from €516,018 to €653,092
- Other debts -€35,100
down €35,100 (-13.8%), from €253,736 to €218,636
- Depreciation +€14,294
up €14,294 (+566.9%), from €2,522 to €16,816
- Gross operating margin -€6,978
down €6,978 (-62.8%), from €11,105 to €4,126
- Financial charges -€3,775
down €3,775 (-9.0%), from €41,991 to €38,216
- Staff costs +€1,376
up €1,376 (+79.9%), from €1,722 to €3,097
- Other operating charges +€978
up €978 (+33.2%), from €2,946 to €3,924
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 | €1,941,913 | €1,897,960 | -€43,952 | -2.3% |
| Fixed assets | 21/28 | €1,839,493 | €1,845,675 | +€6,182 | +0.3% |
| Tangible fixed assets | 22/27 | €77,488 | €83,670 | +€6,182 | +8.0% |
| Land and buildings | 22 | €32,232 | €31,824 | -€408 | -1.3% |
| Furniture and vehicles | 24 | €45,256 | €51,240 | +€5,985 | +13.2% |
| Other tangible fixed assets | 26 | - | €605 | +€605 | |
| Financial fixed assets | 28 | €1,762,005 | €1,762,005 | = | 0.0% |
| Current assets | 29/58 | €102,420 | €52,286 | -€50,134 | -48.9% |
| Amounts receivable within one year | 40/41 | €47,790 | €27,482 | -€20,308 | -42.5% |
| Trade receivables | 40 | €9,752 | €27,463 | +€17,711 | +181.6% |
| Other amounts receivable | 41 | €38,038 | €20 | -€38,019 | -99.9% |
| Cash at bank and in hand | 54/58 | €54,630 | €24,804 | -€29,826 | -54.6% |
| Total equity and liabilities | 10/49 | €1,941,913 | €1,897,960 | -€43,952 | -2.3% |
| Equity | 10/15 | €691,018 | €828,092 | +€137,073 | +19.8% |
| Contributions | 10/11 | €175,000 | €175,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €516,018 | €653,092 | +€137,073 | +26.6% |
| Amounts payable | 17/49 | €1,250,894 | €1,069,869 | -€181,026 | -14.5% |
| Amounts payable after more than one year | 17 | €794,261 | €642,317 | -€151,944 | -19.1% |
| Financial debts | 170/4 | €794,261 | €642,317 | -€151,944 | -19.1% |
| Amounts payable within one year | 42/48 | €456,633 | €427,552 | -€29,082 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €151,701 | €151,944 | +€243 | +0.2% |
| Trade debts | 44 | €46,083 | €53,150 | +€7,067 | +15.3% |
| Suppliers | 440/4 | €46,083 | €53,150 | +€7,067 | +15.3% |
| Taxes, remuneration and social security | 45 | €5,113 | €3,822 | -€1,292 | -25.3% |
| Taxes | 450/3 | €5,113 | €3,822 | -€1,292 | -25.3% |
| Other amounts payable | 47/48 | €253,736 | €218,636 | -€35,100 | -13.8% |
| Remuneration, social security and pensions | 62 | €1,722 | €3,097 | +€1,376 | +79.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,522 | €16,816 | +€14,294 | +566.9% |
| Other operating charges | 640/8 | €2,946 | €3,924 | +€978 | +33.2% |
| Gross operating margin | 9900 | €11,105 | €4,126 | -€6,978 | -62.8% |
| Operating profit (loss) | 9901 | €3,916 | -€19,711 | -€23,626 | |
| Financial income | 75/76B | €195,000 | €195,000 | = | 0.0% |
| Recurring financial income | 75 | €195,000 | €195,000 | = | 0.0% |
| Financial charges | 65/66B | €41,991 | €38,216 | -€3,775 | -9.0% |
| Recurring financial charges | 65 | €41,991 | €38,216 | -€3,775 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €156,925 | €137,073 | -€19,851 | -12.7% |
| Profit (loss) for the period | 9904 | €156,925 | €137,073 | -€19,851 | -12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €156,925 | €137,073 | -€19,851 | -12.7% |
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 12 October 2026 via checked.be.