J-CH: 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-CH
Largest movements
- Receivables within one year +€48,493
up €48,493 (+41.7%), from €116,263 to €164,756
of which Trade receivables: +€49,385
- Cash -€20,438
down €20,438 (-30.2%), from €67,715 to €47,277
mainly Receivables within one year (-€48,493) and Investment in fixed assets (net) (-€18,500)
- Tangible fixed assets +€13,753
new in 2025: €13,753
- Trade debts +€34,388
up €34,388 (+211%), from €16,285 to €50,673
- Tax, wage and social debts +€3,632
up €3,632 (+169%), from €2,145 to €5,777
of which Taxes: +€4,540
- Profit (loss) carried forward +€3,536
up €3,536 (+5.6%), from -€63,089 to -€59,553
- Gross operating margin +€25,962
up €25,962 (+91.4%), from €28,414 to €54,376
- Staff costs +€13,918
up €13,918 (+60.0%), from €23,194 to €37,111
- Depreciation +€4,747
new in 2025: €4,747
- Other operating charges -€1,123
down €1,123 (-34.2%), from €3,279 to €2,156
- Taxes +€911
up €911 (+216%), from €421 to €1,332
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 | €187,126 | €228,996 | +€41,870 | +22.4% |
| Fixed assets | 21/28 | €340 | €14,093 | +€13,753 | +4,045% |
| Tangible fixed assets | 22/27 | - | €13,753 | +€13,753 | |
| Plant, machinery and equipment | 23 | - | €13,753 | +€13,753 | |
| Financial fixed assets | 28 | €340 | €340 | = | 0.0% |
| Current assets | 29/58 | €186,786 | €214,903 | +€28,117 | +15.1% |
| Amounts receivable within one year | 40/41 | €116,263 | €164,756 | +€48,493 | +41.7% |
| Trade receivables | 40 | €114,261 | €163,645 | +€49,385 | +43.2% |
| Other amounts receivable | 41 | €2,002 | €1,111 | -€891 | -44.5% |
| Cash at bank and in hand | 54/58 | €67,715 | €47,277 | -€20,438 | -30.2% |
| Deferred charges and accrued income | 490/1 | €2,808 | €2,870 | +€62 | +2.2% |
| Total equity and liabilities | 10/49 | €187,126 | €228,996 | +€41,870 | +22.4% |
| Equity | 10/15 | -€35,589 | -€32,053 | +€3,536 | +9.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Contributions outside capital | 11 | €25,000 | - | -€25,000 | |
| Other | 1109/19 | €25,000 | - | -€25,000 | |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,089 | -€59,553 | +€3,536 | +5.6% |
| Amounts payable | 17/49 | €222,714 | €261,048 | +€38,334 | +17.2% |
| Amounts payable within one year | 42/48 | €222,714 | €261,048 | +€38,334 | +17.2% |
| Trade debts | 44 | €16,285 | €50,673 | +€34,388 | +211% |
| Suppliers | 440/4 | €16,285 | €50,673 | +€34,388 | +211% |
| Advances received on contracts in progress | 46 | - | €315 | +€315 | |
| Taxes, remuneration and social security | 45 | €2,145 | €5,777 | +€3,632 | +169% |
| Taxes | 450/3 | €301 | €4,840 | +€4,540 | +1,510% |
| Remuneration and social security | 454/9 | €1,844 | €936 | -€908 | -49.2% |
| Other amounts payable | 47/48 | €204,284 | €204,284 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €23,194 | €37,111 | +€13,918 | +60.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,747 | +€4,747 | |
| Other operating charges | 640/8 | €3,279 | €2,156 | -€1,123 | -34.2% |
| Non-recurring operating charges | 66A | - | €5,290 | +€5,290 | |
| Gross operating margin | 9900 | €28,414 | €54,376 | +€25,962 | +91.4% |
| Operating profit (loss) | 9901 | €1,941 | €5,071 | +€3,130 | +161% |
| Financial income | 75/76B | €6 | €24 | +€18 | +310% |
| Recurring financial income | 75 | €6 | €24 | +€18 | +310% |
| Financial charges | 65/66B | €249 | €227 | -€22 | -8.8% |
| Recurring financial charges | 65 | €249 | €227 | -€22 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €1,698 | €4,868 | +€3,170 | +187% |
| Income taxes | 67/77 | €421 | €1,332 | +€911 | +216% |
| Profit (loss) for the period | 9904 | €1,276 | €3,536 | +€2,259 | +177% |
| Profit (loss) for the period to be appropriated | 9905 | €1,276 | €3,536 | +€2,259 | +177% |
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 15 October 2026 via checked.be.