J. CONCEPT: 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.
What changed
J. CONCEPT
NACE 68.121, Development of residential building projects
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€33,135
2024 · €128,157-€161,292
Equity
€1.4m
2024 · €1.5m-€33,135
Cash
€10,187
2024 · €8,917+€1,270
Balance sheet total
€1.5m
2024 · €1.5m-€70,857
Largest movements
Assets
- Current investments -€71,924
down €71,924 (-4.8%), from €1.5m to €1.4m
Equity and liabilities
- Profit (loss) carried forward -€33,135
down €33,135 (-18.6%), from -€177,989 to -€211,124
- Tax, wage and social debts -€29,984
down €29,984 (-98.9%), from €30,308 to €324
Income statement
- Financial income -€186,495
down €186,495 (-93.4%), from €199,571 to €13,076
- Taxes -€16,050
down €16,050 (-53.0%), from €30,259 to €14,209
- Gross operating margin +€9,585
up €9,585 (+25.3%), from -€37,890 to -€28,305
- Purchases and services -€9,157
down €9,157 (-23.0%), from €39,879 to €30,722
- Turnover +€473
up €473 (+23.8%), from €1,990 to €2,463
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.
Result 2024
€128,157
Gross operating margin
+€9,585
Depreciation
-€371
Other operating charges
-€1
Financial income
-€186,495
Financial charges
-€60
Taxes
+€16,050
Result 2025
-€33,135
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.
From operations
-€70,654
Investment
+€71,924
Financing
€0
Cash 2024
€8,917
From operations (derived)
-€70,654
Net result for the year
-€33,135
Depreciation
+€852
Receivables within one year
-€944
Deferred charges and accrued income
+€295
Provisions
-€751
Trade debts
-€6,987
Tax, wage and social debts
-€29,984
Investment (derived)
+€71,924
Current investments
+€71,924
Cash 2025
€10,187
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,523,743 | €1,452,886 | -€70,857 | -4.7% |
| Fixed assets | 21/28 | €2,525 | €1,673 | -€852 | -33.7% |
| Tangible fixed assets | 22/27 | €1,681 | €829 | -€852 | -50.7% |
| Furniture and vehicles | 24 | €1,681 | €829 | -€852 | -50.7% |
| Financial fixed assets | 28 | €844 | €844 | = | 0.0% |
| Current assets | 29/58 | €1,521,218 | €1,451,213 | -€70,005 | -4.6% |
| Stocks and contracts in progress | 3 | €3,450 | €3,450 | = | 0.0% |
| Stocks | 30/36 | €3,450 | €3,450 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,769 | €4,713 | +€944 | +25.0% |
| Other amounts receivable | 41 | €3,769 | €4,713 | +€944 | +25.0% |
| Current investments | 50/53 | €1,504,204 | €1,432,280 | -€71,924 | -4.8% |
| Cash at bank and in hand | 54/58 | €8,917 | €10,187 | +€1,270 | +14.2% |
| Deferred charges and accrued income | 490/1 | €878 | €583 | -€295 | -33.6% |
| Total equity and liabilities | 10/49 | €1,523,743 | €1,452,886 | -€70,857 | -4.7% |
| Equity | 10/15 | €1,452,771 | €1,419,636 | -€33,135 | -2.3% |
| 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 | €1,568,760 | €1,568,760 | = | 0.0% |
| Non-distributable reserves | 130/1 | €151,325 | €151,325 | = | 0.0% |
| Legal reserve | 130 | €151,325 | €151,325 | = | 0.0% |
| Tax-exempt reserves | 132 | €36,123 | €36,123 | = | 0.0% |
| Distributable reserves | 133 | €1,381,312 | €1,381,312 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€177,989 | -€211,124 | -€33,135 | -18.6% |
| Provisions and deferred taxes | 16 | €33,427 | €32,676 | -€751 | -2.2% |
| Provisions for liabilities and charges | 160/5 | €33,427 | €32,676 | -€751 | -2.2% |
| Other liabilities and charges | 164/5 | €33,427 | €32,676 | -€751 | -2.2% |
| Amounts payable | 17/49 | €37,545 | €574 | -€36,971 | -98.5% |
| Amounts payable within one year | 42/48 | €37,545 | €574 | -€36,971 | -98.5% |
| Trade debts | 44 | €7,237 | €250 | -€6,987 | -96.5% |
| Suppliers | 440/4 | €7,237 | €250 | -€6,987 | -96.5% |
| Taxes, remuneration and social security | 45 | €30,308 | €324 | -€29,984 | -98.9% |
| Taxes | 450/3 | €30,308 | €324 | -€29,984 | -98.9% |
| Turnover | 70 | €1,990 | €2,463 | +€473 | +23.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €39,879 | €30,722 | -€9,157 | -23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €481 | €852 | +€371 | +77.1% |
| Other operating charges | 640/8 | €2,443 | €2,444 | +€1 | 0.0% |
| Gross operating margin | 9900 | -€37,890 | -€28,305 | +€9,585 | +25.3% |
| Operating profit (loss) | 9901 | -€40,814 | -€31,601 | +€9,213 | +22.6% |
| Financial income | 75/76B | €199,571 | €13,076 | -€186,495 | -93.4% |
| Recurring financial income | 75 | €199,571 | €13,076 | -€186,495 | -93.4% |
| Financial charges | 65/66B | €341 | €401 | +€60 | +17.6% |
| Recurring financial charges | 65 | €341 | €401 | +€60 | +17.6% |
| Profit (loss) for the period before taxes | 9903 | €158,416 | -€18,926 | -€177,342 | |
| Income taxes | 67/77 | €30,259 | €14,209 | -€16,050 | -53.0% |
| Profit (loss) for the period | 9904 | €128,157 | -€33,135 | -€161,292 | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €128,157 | -€33,135 | -€161,292 |
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 4 October 2026 via checked.be.