J&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&C
Largest movements
- Receivables within one year +€29,638
up €29,638 (+24.5%), from €121,019 to €150,657
of which Trade receivables: +€29,638
- Cash -€6,710
down €6,710 (-39.6%), from €16,951 to €10,241
mainly Contributions, distributions and other (-€50,000) and Receivables within one year (-€29,638)
- Tangible fixed assets -€2,072
down €2,072 (-27.3%), from €7,599 to €5,528
of which Furniture and vehicles: -€1,081
- Other debts +€30,693
new in 2025: €30,693
- Profit (loss) carried forward -€5,622
down €5,622 (-5.7%), from €99,354 to €93,732
- Trade debts -€3,894
down €3,894 (-96.9%), from €4,019 to €124
- Gross operating margin +€5,662
up €5,662 (+10.2%), from €55,419 to €61,082
- Taxes +€1,690
up €1,690 (+14.2%), from €11,871 to €13,561
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 | €145,650 | €166,506 | +€20,856 | +14.3% |
| Fixed assets | 21/28 | €7,680 | €5,608 | -€2,072 | -27.0% |
| Tangible fixed assets | 22/27 | €7,599 | €5,528 | -€2,072 | -27.3% |
| Plant, machinery and equipment | 23 | €3,868 | €2,878 | -€991 | -25.6% |
| Furniture and vehicles | 24 | €3,731 | €2,650 | -€1,081 | -29.0% |
| Financial fixed assets | 28 | €80 | €80 | = | 0.0% |
| Current assets | 29/58 | €137,970 | €160,898 | +€22,928 | +16.6% |
| Amounts receivable within one year | 40/41 | €121,019 | €150,657 | +€29,638 | +24.5% |
| Trade receivables | 40 | €118,890 | €148,528 | +€29,638 | +24.9% |
| Other amounts receivable | 41 | €2,129 | €2,129 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €16,951 | €10,241 | -€6,710 | -39.6% |
| Total equity and liabilities | 10/49 | €145,650 | €166,506 | +€20,856 | +14.3% |
| Equity | 10/15 | €119,814 | €114,192 | -€5,622 | -4.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €99,354 | €93,732 | -€5,622 | -5.7% |
| Amounts payable | 17/49 | €25,836 | €52,314 | +€26,478 | +102.5% |
| Amounts payable within one year | 42/48 | €25,836 | €52,314 | +€26,478 | +102.5% |
| Current portion of amounts payable after more than one year | 42 | €2,305 | €785 | -€1,520 | -65.9% |
| Trade debts | 44 | €4,019 | €124 | -€3,894 | -96.9% |
| Suppliers | 440/4 | €4,019 | €124 | -€3,894 | -96.9% |
| Taxes, remuneration and social security | 45 | €19,512 | €20,711 | +€1,199 | +6.1% |
| Taxes | 450/3 | €19,512 | €20,711 | +€1,199 | +6.1% |
| Other amounts payable | 47/48 | - | €30,693 | +€30,693 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,419 | €2,897 | +€478 | +19.8% |
| Gross operating margin | 9900 | €55,419 | €61,082 | +€5,662 | +10.2% |
| Operating profit (loss) | 9901 | €53,001 | €58,185 | +€5,184 | +9.8% |
| Financial charges | 65/66B | €263 | €245 | -€18 | -6.8% |
| Recurring financial charges | 65 | €263 | €245 | -€18 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €52,738 | €57,939 | +€5,202 | +9.9% |
| Income taxes | 67/77 | €11,871 | €13,561 | +€1,690 | +14.2% |
| Profit (loss) for the period | 9904 | €40,867 | €44,378 | +€3,512 | +8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €40,867 | €44,378 | +€3,512 | +8.6% |
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 28 September 2026 via checked.be.