J and CO: 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 and CO
Largest movements
- Stocks and contracts +€843,096
up €843,096 (+21.2%), from €4.0m to €4.8m
- Tangible fixed assets -€205,858
down €205,858 (-6.1%), from €3.4m to €3.2m
of which Land and buildings: -€175,000
- Profit (loss) carried forward +€469,504
up €469,504 (+19.6%), from €2.4m to €2.9m
- Reserves +€336,800
up €336,800 (+29.6%), from €1.1m to €1.5m
of which Tax-exempt reserves: +€336,800
- Trade debts +€261,718
up €261,718 (+8.7%), from €3.0m to €3.3m
- Debts after one year -€186,605
down €186,605 (-7.8%), from €2.4m to €2.2m
- Current portion of long-term debt -€131,426
down €131,426 (-19.0%), from €693,346 to €561,920
- Gross operating margin +€205,079
up €205,079 (+12.5%), from €1.6m to €1.8m
- Other operating charges +€102,116
up €102,116 (+358%), from €28,533 to €130,649
- Write-downs -€83,942
no longer reported in 2025 (was €83,942)
- Taxes +€65,398
up €65,398 (+29.1%), from €224,762 to €290,160
- Staff costs +€19,994
up €19,994 (+5.8%), from €344,929 to €364,922
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 | €10,036,346 | €10,766,099 | +€729,752 | +7.3% |
| Fixed assets | 21/28 | €3,393,338 | €3,187,480 | -€205,858 | -6.1% |
| Tangible fixed assets | 22/27 | €3,393,223 | €3,187,365 | -€205,858 | -6.1% |
| Land and buildings | 22 | €3,127,466 | €2,952,466 | -€175,000 | -5.6% |
| Plant, machinery and equipment | 23 | €261,106 | €229,832 | -€31,274 | -12.0% |
| Furniture and vehicles | 24 | €4,651 | €5,068 | +€416 | +8.9% |
| Financial fixed assets | 28 | €115 | €115 | = | 0.0% |
| Current assets | 29/58 | €6,643,009 | €7,578,619 | +€935,610 | +14.1% |
| Stocks and contracts in progress | 3 | €3,981,421 | €4,824,516 | +€843,096 | +21.2% |
| Stocks | 30/36 | €3,981,421 | €4,824,516 | +€843,096 | +21.2% |
| Amounts receivable within one year | 40/41 | €2,198,388 | €2,196,318 | -€2,070 | -0.1% |
| Trade receivables | 40 | €2,196,233 | €2,033,150 | -€163,084 | -7.4% |
| Other amounts receivable | 41 | €2,155 | €163,169 | +€161,014 | +7,473% |
| Cash at bank and in hand | 54/58 | €463,200 | €557,784 | +€94,584 | +20.4% |
| Total equity and liabilities | 10/49 | €10,036,346 | €10,766,099 | +€729,752 | +7.3% |
| Equity | 10/15 | €3,556,248 | €4,362,552 | +€806,304 | +22.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,138,660 | €1,475,460 | +€336,800 | +29.6% |
| Tax-exempt reserves | 132 | €336,800 | €673,600 | +€336,800 | +100% |
| Distributable reserves | 133 | €801,860 | €801,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,398,988 | €2,868,492 | +€469,504 | +19.6% |
| Amounts payable | 17/49 | €6,480,098 | €6,403,546 | -€76,552 | -1.2% |
| Amounts payable after more than one year | 17 | €2,398,273 | €2,211,669 | -€186,605 | -7.8% |
| Financial debts | 170/4 | €2,398,273 | €2,211,669 | -€186,605 | -7.8% |
| Amounts payable within one year | 42/48 | €4,081,825 | €4,191,878 | +€110,053 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €693,346 | €561,920 | -€131,426 | -19.0% |
| Trade debts | 44 | €3,000,767 | €3,262,485 | +€261,718 | +8.7% |
| Suppliers | 440/4 | €3,000,767 | €3,262,485 | +€261,718 | +8.7% |
| Taxes, remuneration and social security | 45 | €234,393 | €222,082 | -€12,310 | -5.3% |
| Taxes | 450/3 | €160,874 | €146,666 | -€14,208 | -8.8% |
| Remuneration and social security | 454/9 | €73,518 | €75,416 | +€1,897 | +2.6% |
| Other amounts payable | 47/48 | €153,319 | €145,390 | -€7,929 | -5.2% |
| Remuneration, social security and pensions | 62 | €344,929 | €364,922 | +€19,994 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €216,966 | €212,389 | -€4,577 | -2.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €83,942 | - | -€83,942 | |
| Other operating charges | 640/8 | €28,533 | €130,649 | +€102,116 | +358% |
| Non-recurring operating charges | 66A | - | €518 | +€518 | |
| Gross operating margin | 9900 | €1,637,929 | €1,843,008 | +€205,079 | +12.5% |
| Operating profit (loss) | 9901 | €963,559 | €1,134,530 | +€170,971 | +17.7% |
| Financial income | 75/76B | €0 | €10,177 | +€10,177 | +3,509,210% |
| Recurring financial income | 75 | €0 | €10,177 | +€10,177 | +3,509,210% |
| Financial charges | 65/66B | €65,686 | €48,242 | -€17,444 | -26.6% |
| Recurring financial charges | 65 | €65,686 | €48,242 | -€17,444 | -26.6% |
| Profit (loss) for the period before taxes | 9903 | €897,873 | €1,096,465 | +€198,592 | +22.1% |
| Income taxes | 67/77 | €224,762 | €290,160 | +€65,398 | +29.1% |
| Profit (loss) for the period | 9904 | €673,111 | €806,304 | +€133,194 | +19.8% |
| Transfer to tax-exempt reserves | 689 | €336,800 | €336,800 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €336,311 | €469,504 | +€133,194 | +39.6% |
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 31 October 2026 via checked.be.