J - CO: 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 - CO
Largest movements
- Cash -€251,938
down €251,938 (-74.1%), from €339,810 to €87,872
mainly Investment in fixed assets (net) (-€186,791) and Receivables after one year (-€92,209)
- Financial fixed assets +€186,791
up €186,791 (+490.8%), from €38,056 to €224,847
- Receivables after one year +€92,209
up €92,209 (+17.9%), from €513,718 to €605,927
- Reserves +€39,650
up €39,650 (+5.2%), from €766,525 to €806,175
of which Distributable reserves: +€39,650
- Debts after one year -€9,764
down €9,764 (-39.7%), from €24,564 to €14,800
of which Financial debts: -€5,050
- Financial income -€883,558
down €883,558 (-95.9%), from €920,908 to €37,350
of which Non-recurring financial income: -€908,685
- Taxes -€72,490
down €72,490 (-94.8%), from €76,450 to €3,960
- Financial charges -€16,831
down €16,831 (-97.2%), from €17,321 to €490
- Gross operating margin +€2,864
up €2,864 (+54.9%), from €5,220 to €8,084
- Other operating charges +€616
up €616 (+85.7%), from €718 to €1,334
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 | €896,338 | €926,031 | +€29,693 | +3.3% |
| Fixed assets | 21/28 | €38,056 | €224,847 | +€186,791 | +490.8% |
| Financial fixed assets | 28 | €38,056 | €224,847 | +€186,791 | +490.8% |
| Current assets | 29/58 | €858,282 | €701,183 | -€157,099 | -18.3% |
| Amounts receivable after more than one year | 29 | €513,718 | €605,927 | +€92,209 | +17.9% |
| Other amounts receivable | 291 | €513,718 | €605,927 | +€92,209 | +17.9% |
| Amounts receivable within one year | 40/41 | €1,720 | €4,262 | +€2,542 | +147.8% |
| Trade receivables | 40 | €1,720 | €4,262 | +€2,542 | +147.8% |
| Cash at bank and in hand | 54/58 | €339,810 | €87,872 | -€251,938 | -74.1% |
| Deferred charges and accrued income | 490/1 | €3,035 | €3,123 | +€88 | +2.9% |
| Total equity and liabilities | 10/49 | €896,338 | €926,031 | +€29,693 | +3.3% |
| Equity | 10/15 | €785,125 | €824,775 | +€39,650 | +5.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €766,525 | €806,175 | +€39,650 | +5.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €764,665 | €804,315 | +€39,650 | +5.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €111,213 | €101,255 | -€9,958 | -9.0% |
| Amounts payable after more than one year | 17 | €24,564 | €14,800 | -€9,764 | -39.7% |
| Financial debts | 170/4 | €19,850 | €14,800 | -€5,050 | -25.4% |
| Other amounts payable | 178/9 | €4,714 | €0 | -€4,714 | -100.0% |
| Amounts payable within one year | 42/48 | €83,348 | €86,455 | +€3,107 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €5,050 | €5,050 | = | 0.0% |
| Trade debts | 44 | €575 | €151 | -€424 | -73.7% |
| Suppliers | 440/4 | €575 | €151 | -€424 | -73.7% |
| Taxes, remuneration and social security | 45 | €77,724 | €81,254 | +€3,531 | +4.5% |
| Taxes | 450/3 | €77,724 | €81,254 | +€3,531 | +4.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €3,301 | €0 | -€3,301 | -100.0% |
| Other operating charges | 640/8 | €718 | €1,334 | +€616 | +85.7% |
| Gross operating margin | 9900 | €5,220 | €8,084 | +€2,864 | +54.9% |
| Operating profit (loss) | 9901 | €4,502 | €6,750 | +€2,248 | +49.9% |
| Financial income | 75/76B | €920,908 | €37,350 | -€883,558 | -95.9% |
| Recurring financial income | 75 | €12,223 | €37,350 | +€25,127 | +205.6% |
| Non-recurring financial income | 76B | €908,685 | €0 | -€908,685 | -100.0% |
| Financial charges | 65/66B | €17,321 | €490 | -€16,831 | -97.2% |
| Recurring financial charges | 65 | €17,321 | €490 | -€16,831 | -97.2% |
| Profit (loss) for the period before taxes | 9903 | €908,089 | €43,610 | -€864,479 | -95.2% |
| Income taxes | 67/77 | €76,450 | €3,960 | -€72,490 | -94.8% |
| Profit (loss) for the period | 9904 | €831,639 | €39,650 | -€791,989 | -95.2% |
| Profit (loss) for the period to be appropriated | 9905 | €831,639 | €39,650 | -€791,989 | -95.2% |
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 5 October 2026 via checked.be.