J-CON: 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-CON
Largest movements
- Receivables within one year -€12,183
down €12,183 (-36.5%), from €33,384 to €21,202
of which Trade receivables: -€7,909
- Cash +€8,821
up €8,821 (+83.0%), from €10,627 to €19,449
mainly Net result for the year (+€30,442) and Receivables within one year (+€12,183)
- Tangible fixed assets -€4,874
down €4,874 (-4.1%), from €120,052 to €115,178
of which Other tangible fixed assets: -€3,228
- Reserves +€30,442
up €30,442 (+24.4%), from €124,648 to €155,090
- Other debts -€17,796
down €17,796 (-86.0%), from €20,691 to €2,895
- Debts after one year -€12,000
no longer reported in 2025 (was €12,000)
- Current portion of long-term debt -€9,023
down €9,023 (-72.7%), from €12,418 to €3,395
- Gross operating margin +€28,917
up €28,917 (+96.6%), from €29,940 to €58,857
- Taxes +€7,803
up €7,803 (+132%), from €5,904 to €13,707
- Financial income -€1,462
down €1,462 (-80.4%), from €1,818 to €356
- Financial charges -€1,202
down €1,202 (-46.9%), from €2,563 to €1,361
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 | €194,016 | €184,801 | -€9,215 | -4.7% |
| Fixed assets | 21/28 | €130,052 | €125,328 | -€4,724 | -3.6% |
| Tangible fixed assets | 22/27 | €120,052 | €115,178 | -€4,874 | -4.1% |
| Plant, machinery and equipment | 23 | €947 | €675 | -€272 | -28.7% |
| Furniture and vehicles | 24 | €2,293 | €919 | -€1,374 | -59.9% |
| Other tangible fixed assets | 26 | €116,811 | €113,584 | -€3,228 | -2.8% |
| Financial fixed assets | 28 | €10,000 | €10,150 | +€150 | +1.5% |
| Current assets | 29/58 | €63,965 | €59,474 | -€4,491 | -7.0% |
| Stocks and contracts in progress | 3 | €8,063 | €6,328 | -€1,735 | -21.5% |
| Stocks | 30/36 | €8,063 | €6,328 | -€1,735 | -21.5% |
| Amounts receivable within one year | 40/41 | €33,384 | €21,202 | -€12,183 | -36.5% |
| Trade receivables | 40 | €29,027 | €21,118 | -€7,909 | -27.2% |
| Other amounts receivable | 41 | €4,357 | €83 | -€4,274 | -98.1% |
| Current investments | 50/53 | €10,000 | €10,369 | +€369 | +3.7% |
| Cash at bank and in hand | 54/58 | €10,627 | €19,449 | +€8,821 | +83.0% |
| Deferred charges and accrued income | 490/1 | €1,891 | €2,127 | +€236 | +12.5% |
| Total equity and liabilities | 10/49 | €194,016 | €184,801 | -€9,215 | -4.7% |
| Equity | 10/15 | €130,848 | €161,290 | +€30,442 | +23.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €124,648 | €155,090 | +€30,442 | +24.4% |
| Distributable reserves | 133 | €124,648 | €155,090 | +€30,442 | +24.4% |
| Amounts payable | 17/49 | €63,168 | €23,511 | -€39,657 | -62.8% |
| Amounts payable after more than one year | 17 | €12,000 | - | -€12,000 | |
| Financial debts | 170/4 | €12,000 | - | -€12,000 | |
| Amounts payable within one year | 42/48 | €51,168 | €23,511 | -€27,657 | -54.1% |
| Current portion of amounts payable after more than one year | 42 | €12,418 | €3,395 | -€9,023 | -72.7% |
| Financial debts | 43 | €1,814 | €832 | -€982 | -54.1% |
| Credit institutions | 430/8 | €1,814 | €832 | -€982 | -54.1% |
| Trade debts | 44 | €2,935 | €1,832 | -€1,103 | -37.6% |
| Suppliers | 440/4 | €2,935 | €1,832 | -€1,103 | -37.6% |
| Taxes, remuneration and social security | 45 | €13,311 | €14,558 | +€1,247 | +9.4% |
| Taxes | 450/3 | €13,311 | €14,558 | +€1,247 | +9.4% |
| Other amounts payable | 47/48 | €20,691 | €2,895 | -€17,796 | -86.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,301 | €11,881 | -€420 | -3.4% |
| Other operating charges | 640/8 | €1,747 | €1,823 | +€76 | +4.3% |
| Gross operating margin | 9900 | €29,940 | €58,857 | +€28,917 | +96.6% |
| Operating profit (loss) | 9901 | €15,893 | €45,154 | +€29,261 | +184% |
| Financial income | 75/76B | €1,818 | €356 | -€1,462 | -80.4% |
| Recurring financial income | 75 | €1,818 | €356 | -€1,462 | -80.4% |
| Financial charges | 65/66B | €2,563 | €1,361 | -€1,202 | -46.9% |
| Recurring financial charges | 65 | €2,563 | €1,361 | -€1,202 | -46.9% |
| Profit (loss) for the period before taxes | 9903 | €15,148 | €44,149 | +€29,001 | +191% |
| Income taxes | 67/77 | €5,904 | €13,707 | +€7,803 | +132% |
| Profit (loss) for the period | 9904 | €9,244 | €30,442 | +€21,199 | +229% |
| Profit (loss) for the period to be appropriated | 9905 | €9,244 | €30,442 | +€21,199 | +229% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.