J-CF: 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-CF
Largest movements
- Tangible fixed assets -€14,506
down €14,506 (-4.2%), from €348,448 to €333,942
of which Land and buildings: -€13,258
- Cash +€14,044
up €14,044 (+96.9%), from €14,500 to €28,544
mainly Depreciation (+€14,506) and Net result for the year (+€7,191)
- Receivables within one year -€6,577
down €6,577 (-28.9%), from €22,796 to €16,219
of which Trade receivables: -€7,803
- Debts after one year -€20,348
down €20,348 (-5.7%), from €355,569 to €335,221
- Profit (loss) carried forward +€7,191
up €7,191 (+37.2%), from €19,322 to €26,513
- Trade debts +€7,087
up €7,087 (+239.2%), from €2,963 to €10,050
- Gross operating margin -€19,410
down €19,410 (-32.4%), from €59,874 to €40,464
- Taxes -€2,733
down €2,733 (-42.2%), from €6,475 to €3,742
- Financial charges -€1,885
down €1,885 (-12.6%), from €14,925 to €13,040
- Other operating charges -€1,716
down €1,716 (-43.6%), from €3,939 to €2,223
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 | €419,794 | €412,802 | -€6,992 | -1.7% |
| Fixed assets | 21/28 | €349,068 | €334,562 | -€14,506 | -4.2% |
| Tangible fixed assets | 22/27 | €348,448 | €333,942 | -€14,506 | -4.2% |
| Land and buildings | 22 | €345,931 | €332,673 | -€13,258 | -3.8% |
| Furniture and vehicles | 24 | €2,381 | €1,269 | -€1,112 | -46.7% |
| Other tangible fixed assets | 26 | €136 | - | -€136 | |
| Financial fixed assets | 28 | €620 | €620 | = | 0.0% |
| Current assets | 29/58 | €70,726 | €78,240 | +€7,514 | +10.6% |
| Amounts receivable after more than one year | 29 | €33,000 | €33,000 | = | 0.0% |
| Other amounts receivable | 291 | €33,000 | €33,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €22,796 | €16,219 | -€6,577 | -28.9% |
| Trade receivables | 40 | €15,227 | €7,424 | -€7,803 | -51.2% |
| Other amounts receivable | 41 | €7,569 | €8,795 | +€1,226 | +16.2% |
| Cash at bank and in hand | 54/58 | €14,500 | €28,544 | +€14,044 | +96.9% |
| Deferred charges and accrued income | 490/1 | €430 | €477 | +€47 | +10.9% |
| Total equity and liabilities | 10/49 | €419,794 | €412,802 | -€6,992 | -1.7% |
| Equity | 10/15 | €27,382 | €34,573 | +€7,191 | +26.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,322 | €26,513 | +€7,191 | +37.2% |
| Amounts payable | 17/49 | €392,412 | €378,229 | -€14,183 | -3.6% |
| Amounts payable after more than one year | 17 | €355,569 | €335,221 | -€20,348 | -5.7% |
| Financial debts | 170/4 | €355,569 | €335,221 | -€20,348 | -5.7% |
| Amounts payable within one year | 42/48 | €34,644 | €40,809 | +€6,165 | +17.8% |
| Current portion of amounts payable after more than one year | 42 | €19,857 | €20,348 | +€491 | +2.5% |
| Trade debts | 44 | €2,963 | €10,050 | +€7,087 | +239.2% |
| Suppliers | 440/4 | €2,963 | €10,050 | +€7,087 | +239.2% |
| Taxes, remuneration and social security | 45 | €11,824 | €9,911 | -€1,913 | -16.2% |
| Taxes | 450/3 | €10,009 | €8,096 | -€1,913 | -19.1% |
| Remuneration and social security | 454/9 | €1,815 | €1,815 | = | 0.0% |
| Other amounts payable | 47/48 | - | €500 | +€500 | |
| Accrued charges and deferred income | 492/3 | €2,199 | €2,199 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,647 | €14,506 | -€141 | -1.0% |
| Other operating charges | 640/8 | €3,939 | €2,223 | -€1,716 | -43.6% |
| Gross operating margin | 9900 | €59,874 | €40,464 | -€19,410 | -32.4% |
| Operating profit (loss) | 9901 | €41,288 | €23,735 | -€17,553 | -42.5% |
| Financial income | 75/76B | €124 | €238 | +€114 | +91.9% |
| Recurring financial income | 75 | €124 | €238 | +€114 | +91.9% |
| Financial charges | 65/66B | €14,925 | €13,040 | -€1,885 | -12.6% |
| Recurring financial charges | 65 | €14,925 | €13,040 | -€1,885 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €26,487 | €10,933 | -€15,554 | -58.7% |
| Income taxes | 67/77 | €6,475 | €3,742 | -€2,733 | -42.2% |
| Profit (loss) for the period | 9904 | €20,012 | €7,191 | -€12,821 | -64.1% |
| Profit (loss) for the period to be appropriated | 9905 | €20,012 | €7,191 | -€12,821 | -64.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.