J.C.A.: 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.C.A.
Largest movements
- Receivables within one year +€344,539
up €344,539 (+97.5%), from €353,274 to €697,813
of which Trade receivables: +€290,501
- Stocks and contracts +€304,586
up €304,586 (+72.2%), from €421,665 to €726,251
- Trade debts +€479,765
up €479,765 (+141.6%), from €338,791 to €818,556
- Short-term financial debts +€325,000
new in 2024: €325,000
- Current portion of long-term debt -€309,427
down €309,427 (-86.6%), from €357,190 to €47,763
- Tax, wage and social debts +€167,600
up €167,600 (+161.0%), from €104,129 to €271,729
of which Taxes: +€171,450
- Other debts -€92,461
down €92,461 (-82.0%), from €112,775 to €20,314
- Gross operating margin +€171,106
up €171,106 (+239.0%), from €71,597 to €242,704
- Financial charges +€59,967
up €59,967 (+262.0%), from €22,886 to €82,854
- Taxes +€37,830
up €37,830, from -€3,060 to €34,770
- Staff costs -€13,864
no longer reported in 2024 (was €13,864)
- Depreciation +€10,791
up €10,791 (+32.6%), from €33,109 to €43,900
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,191,213 | €1,842,054 | +€650,841 | +54.6% |
| Fixed assets | 21/28 | €384,557 | €397,309 | +€12,751 | +3.3% |
| Tangible fixed assets | 22/27 | €384,557 | €397,309 | +€12,751 | +3.3% |
| Land and buildings | 22 | €249,267 | €266,348 | +€17,081 | +6.9% |
| Plant, machinery and equipment | 23 | €117,256 | €118,471 | +€1,215 | +1.0% |
| Furniture and vehicles | 24 | €10,605 | €7,269 | -€3,336 | -31.5% |
| Leasing and similar rights | 25 | €6,597 | €4,597 | -€2,000 | -30.3% |
| Other tangible fixed assets | 26 | €832 | €624 | -€208 | -25.0% |
| Current assets | 29/58 | €806,655 | €1,444,745 | +€638,090 | +79.1% |
| Stocks and contracts in progress | 3 | €421,665 | €726,251 | +€304,586 | +72.2% |
| Stocks | 30/36 | €421,665 | €726,251 | +€304,586 | +72.2% |
| Amounts receivable within one year | 40/41 | €353,274 | €697,813 | +€344,539 | +97.5% |
| Trade receivables | 40 | €175,917 | €466,417 | +€290,501 | +165.1% |
| Other amounts receivable | 41 | €177,358 | €231,396 | +€54,038 | +30.5% |
| Current investments | 50/53 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €31,716 | €19,882 | -€11,835 | -37.3% |
| Deferred charges and accrued income | 490/1 | - | €799 | +€799 | |
| Total equity and liabilities | 10/49 | €1,191,213 | €1,842,054 | +€650,841 | +54.6% |
| Equity | 10/15 | €127,347 | €193,561 | +€66,214 | +52.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €121,147 | €187,361 | +€66,214 | +54.7% |
| Distributable reserves | 133 | €121,147 | €187,361 | +€66,214 | +54.7% |
| Amounts payable | 17/49 | €1,063,866 | €1,648,493 | +€584,627 | +55.0% |
| Amounts payable after more than one year | 17 | €150,981 | €165,131 | +€14,150 | +9.4% |
| Financial debts | 170/4 | €150,981 | €165,131 | +€14,150 | +9.4% |
| Amounts payable within one year | 42/48 | €912,885 | €1,483,362 | +€570,477 | +62.5% |
| Current portion of amounts payable after more than one year | 42 | €357,190 | €47,763 | -€309,427 | -86.6% |
| Financial debts | 43 | - | €325,000 | +€325,000 | |
| Credit institutions | 430/8 | - | €325,000 | +€325,000 | |
| Trade debts | 44 | €338,791 | €818,556 | +€479,765 | +141.6% |
| Suppliers | 440/4 | €338,791 | €818,556 | +€479,765 | +141.6% |
| Taxes, remuneration and social security | 45 | €104,129 | €271,729 | +€167,600 | +161.0% |
| Taxes | 450/3 | €100,279 | €271,729 | +€171,450 | +171.0% |
| Remuneration and social security | 454/9 | €3,850 | - | -€3,850 | |
| Other amounts payable | 47/48 | €112,775 | €20,314 | -€92,461 | -82.0% |
| Remuneration, social security and pensions | 62 | €13,864 | - | -€13,864 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,109 | €43,900 | +€10,791 | +32.6% |
| Other operating charges | 640/8 | €12,462 | €14,411 | +€1,949 | +15.6% |
| Non-recurring operating charges | 66A | - | €563 | +€563 | |
| Gross operating margin | 9900 | €71,597 | €242,704 | +€171,106 | +239.0% |
| Operating profit (loss) | 9901 | €12,163 | €183,830 | +€171,667 | +1411.4% |
| Financial income | 75/76B | €823 | €9 | -€815 | -98.9% |
| Recurring financial income | 75 | €823 | €9 | -€815 | -98.9% |
| Financial charges | 65/66B | €22,886 | €82,854 | +€59,967 | +262.0% |
| Recurring financial charges | 65 | €22,886 | €82,854 | +€59,967 | +262.0% |
| Profit (loss) for the period before taxes | 9903 | -€9,901 | €100,985 | +€110,885 | |
| Income taxes | 67/77 | -€3,060 | €34,770 | +€37,830 | |
| Profit (loss) for the period | 9904 | -€6,841 | €66,214 | +€73,055 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,841 | €66,214 | +€73,055 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.