J-Concept: 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-Concept
Largest movements
- Cash -€40,369
down €40,369 (-25.8%), from €156,659 to €116,290
mainly Contributions, distributions and other (-€26,950) and Net result for the year (-€12,114)
- Tangible fixed assets -€27,835
down €27,835 (-26.6%), from €104,812 to €76,978
of which Plant, machinery and equipment: -€18,705
- Receivables within one year +€6,148
up €6,148 (+45.5%), from €13,505 to €19,653
of which Other amounts receivable: +€6,182
- Reserves -€28,810
down €28,810 (-11.0%), from €261,812 to €233,002
- Profit (loss) carried forward -€10,254
new in 2026: -€10,254
- Trade debts -€7,789
down €7,789 (-97.7%), from €7,973 to €184
- Debts after one year -€6,826
down €6,826 (-92.2%), from €7,400 to €574
- Current portion of long-term debt -€6,454
down €6,454 (-48.6%), from €13,280 to €6,826
- Gross operating margin -€101,156
down €101,156 (-68.4%), from €147,948 to €46,792
- Staff costs -€25,091
down €25,091 (-60.8%), from €41,258 to €16,167
- Taxes -€11,541
down €11,541 (-68.6%), from €16,824 to €5,283
- Depreciation -€7,592
down €7,592 (-17.7%), from €42,979 to €35,387
- Other operating charges -€1,900
down €1,900 (-51.5%), from €3,692 to €1,792
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €324,002 | €264,909 | -€59,093 | -18.2% |
| Fixed assets | 21/28 | €104,812 | €76,978 | -€27,835 | -26.6% |
| Tangible fixed assets | 22/27 | €104,812 | €76,978 | -€27,835 | -26.6% |
| Land and buildings | 22 | €39,830 | €35,288 | -€4,542 | -11.4% |
| Plant, machinery and equipment | 23 | €60,395 | €41,690 | -€18,705 | -31.0% |
| Furniture and vehicles | 24 | €4,588 | - | -€4,588 | |
| Current assets | 29/58 | €219,190 | €187,931 | -€31,259 | -14.3% |
| Stocks and contracts in progress | 3 | €43,482 | €45,176 | +€1,694 | +3.9% |
| Stocks | 30/36 | €43,482 | €45,176 | +€1,694 | +3.9% |
| Amounts receivable within one year | 40/41 | €13,505 | €19,653 | +€6,148 | +45.5% |
| Trade receivables | 40 | €9,021 | €8,988 | -€34 | -0.4% |
| Other amounts receivable | 41 | €4,484 | €10,666 | +€6,182 | +137.9% |
| Cash at bank and in hand | 54/58 | €156,659 | €116,290 | -€40,369 | -25.8% |
| Deferred charges and accrued income | 490/1 | €5,544 | €6,813 | +€1,268 | +22.9% |
| Total equity and liabilities | 10/49 | €324,002 | €264,909 | -€59,093 | -18.2% |
| Equity | 10/15 | €280,412 | €241,348 | -€39,064 | -13.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €261,812 | €233,002 | -€28,810 | -11.0% |
| Distributable reserves | 133 | €261,812 | €233,002 | -€28,810 | -11.0% |
| Profit (loss) carried forward | 14 | - | -€10,254 | -€10,254 | |
| Amounts payable | 17/49 | €43,590 | €23,561 | -€20,030 | -45.9% |
| Amounts payable after more than one year | 17 | €7,400 | €574 | -€6,826 | -92.2% |
| Financial debts | 170/4 | €7,400 | €574 | -€6,826 | -92.2% |
| Amounts payable within one year | 42/48 | €36,066 | €22,080 | -€13,986 | -38.8% |
| Current portion of amounts payable after more than one year | 42 | €13,280 | €6,826 | -€6,454 | -48.6% |
| Trade debts | 44 | €7,973 | €184 | -€7,789 | -97.7% |
| Suppliers | 440/4 | €7,973 | €184 | -€7,789 | -97.7% |
| Taxes, remuneration and social security | 45 | €3,015 | €6,215 | +€3,199 | +106.1% |
| Taxes | 450/3 | €2,569 | €1,570 | -€999 | -38.9% |
| Remuneration and social security | 454/9 | €446 | €4,645 | +€4,199 | +940.5% |
| Other amounts payable | 47/48 | €11,798 | €8,856 | -€2,943 | -24.9% |
| Accrued charges and deferred income | 492/3 | €124 | €907 | +€783 | +629.7% |
| Remuneration, social security and pensions | 62 | €41,258 | €16,167 | -€25,091 | -60.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,979 | €35,387 | -€7,592 | -17.7% |
| Other operating charges | 640/8 | €3,692 | €1,792 | -€1,900 | -51.5% |
| Gross operating margin | 9900 | €147,948 | €46,792 | -€101,156 | -68.4% |
| Operating profit (loss) | 9901 | €60,019 | -€6,555 | -€66,574 | |
| Financial income | 75/76B | €1,028 | €675 | -€354 | -34.4% |
| Recurring financial income | 75 | €1,028 | €675 | -€354 | -34.4% |
| Financial charges | 65/66B | €1,161 | €950 | -€211 | -18.1% |
| Recurring financial charges | 65 | €1,161 | €950 | -€211 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | €59,887 | -€6,830 | -€66,717 | |
| Income taxes | 67/77 | €16,824 | €5,283 | -€11,541 | -68.6% |
| Profit (loss) for the period | 9904 | €43,063 | -€12,114 | -€55,176 | |
| Profit (loss) for the period to be appropriated | 9905 | €43,063 | -€12,114 | -€55,176 |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.