J.C.A.S.: 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.S.
Largest movements
- Cash +€66,895
up €66,895 (+109%), from €61,425 to €128,320
mainly Net result for the year (+€62,255) and Depreciation (+€35,766)
- Tangible fixed assets -€33,102
down €33,102 (-5.2%), from €633,835 to €600,733
of which Other tangible fixed assets: -€17,956
- Receivables within one year +€20,541
up €20,541 (+46.8%), from €43,912 to €64,453
- Profit (loss) carried forward +€62,255
up €62,255 (+49.2%), from €126,518 to €188,773
- Debts after one year -€40,136
down €40,136 (-7.3%), from €552,918 to €512,782
of which Financial debts: -€45,036
- Tax, wage and social debts +€22,340
up €22,340 (+232%), from €9,629 to €31,969
of which Taxes: +€18,888
- Gross operating margin +€100,325
up €100,325 (+77.6%), from €129,363 to €229,688
- Staff costs +€48,163
up €48,163 (+163%), from €29,620 to €77,783
- Taxes +€18,309
up €18,309 (+285%), from €6,427 to €24,736
- Depreciation -€6,095
down €6,095 (-14.6%), from €41,861 to €35,766
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 | €822,636 | €867,600 | +€44,964 | +5.5% |
| Fixed assets | 21/28 | €658,835 | €625,733 | -€33,102 | -5.0% |
| Tangible fixed assets | 22/27 | €633,835 | €600,733 | -€33,102 | -5.2% |
| Land and buildings | 22 | €189,030 | €176,017 | -€13,013 | -6.9% |
| Plant, machinery and equipment | 23 | €8,732 | €6,933 | -€1,799 | -20.6% |
| Furniture and vehicles | 24 | €438 | €104 | -€334 | -76.3% |
| Other tangible fixed assets | 26 | €435,635 | €417,679 | -€17,956 | -4.1% |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €163,801 | €241,867 | +€78,066 | +47.7% |
| Amounts receivable after more than one year | 29 | €3,430 | - | -€3,430 | |
| Other amounts receivable | 291 | €3,430 | - | -€3,430 | |
| Stocks and contracts in progress | 3 | €19,232 | €14,294 | -€4,938 | -25.7% |
| Stocks | 30/36 | €19,232 | €14,294 | -€4,938 | -25.7% |
| Amounts receivable within one year | 40/41 | €43,912 | €64,453 | +€20,541 | +46.8% |
| Trade receivables | 40 | €43,912 | €64,453 | +€20,541 | +46.8% |
| Cash at bank and in hand | 54/58 | €61,425 | €128,320 | +€66,895 | +109% |
| Deferred charges and accrued income | 490/1 | €35,802 | €34,800 | -€1,002 | -2.8% |
| Total equity and liabilities | 10/49 | €822,636 | €867,600 | +€44,964 | +5.5% |
| Equity | 10/15 | €194,718 | €256,973 | +€62,255 | +32.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €126,518 | €188,773 | +€62,255 | +49.2% |
| Amounts payable | 17/49 | €627,918 | €610,627 | -€17,291 | -2.8% |
| Amounts payable after more than one year | 17 | €552,918 | €512,782 | -€40,136 | -7.3% |
| Financial debts | 170/4 | €412,918 | €367,882 | -€45,036 | -10.9% |
| Other amounts payable | 178/9 | €140,000 | €144,900 | +€4,900 | +3.5% |
| Amounts payable within one year | 42/48 | €75,000 | €97,845 | +€22,845 | +30.5% |
| Current portion of amounts payable after more than one year | 42 | €43,744 | €48,731 | +€4,987 | +11.4% |
| Trade debts | 44 | €10,719 | €9,675 | -€1,044 | -9.7% |
| Suppliers | 440/4 | €10,719 | €9,675 | -€1,044 | -9.7% |
| Taxes, remuneration and social security | 45 | €9,629 | €31,969 | +€22,340 | +232% |
| Taxes | 450/3 | €7,945 | €26,833 | +€18,888 | +238% |
| Remuneration and social security | 454/9 | €1,684 | €5,136 | +€3,452 | +205% |
| Other amounts payable | 47/48 | €10,908 | €7,470 | -€3,438 | -31.5% |
| Remuneration, social security and pensions | 62 | €29,620 | €77,783 | +€48,163 | +163% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,861 | €35,766 | -€6,095 | -14.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €217 | -€55 | -€272 | |
| Other operating charges | 640/8 | €7,077 | €7,305 | +€228 | +3.2% |
| Gross operating margin | 9900 | €129,363 | €229,688 | +€100,325 | +77.6% |
| Operating profit (loss) | 9901 | €50,588 | €108,889 | +€58,301 | +115% |
| Financial income | 75/76B | €70 | €950 | +€880 | +1,257% |
| Recurring financial income | 75 | €70 | €950 | +€880 | +1,257% |
| Financial charges | 65/66B | €20,691 | €22,848 | +€2,157 | +10.4% |
| Recurring financial charges | 65 | €20,691 | €19,418 | -€1,273 | -6.2% |
| Non-recurring financial charges | 66B | - | €3,430 | +€3,430 | |
| Profit (loss) for the period before taxes | 9903 | €29,967 | €86,991 | +€57,024 | +190% |
| Income taxes | 67/77 | €6,427 | €24,736 | +€18,309 | +285% |
| Profit (loss) for the period | 9904 | €23,540 | €62,255 | +€38,715 | +164% |
| Profit (loss) for the period to be appropriated | 9905 | €23,540 | €62,255 | +€38,715 | +164% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.