J & E: 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 & E
Largest movements
- Receivables within one year +€7,338
up €7,338 (+217%), from €3,381 to €10,719
of which Other amounts receivable: +€7,020
- Tangible fixed assets +€2,351
up €2,351 (+127%), from €1,844 to €4,195
of which Land and buildings: +€3,178
- Cash +€1,413
up €1,413 (+7.3%), from €19,331 to €20,744
mainly Net result for the year (+€7,214) and Tax, wage and social debts (+€4,977)
- Stocks and contracts +€874
up €874 (+17.7%), from €4,934 to €5,809
- Reserves +€7,200
up €7,200 (+2,552%), from €282 to €7,482
of which Distributable reserves: +€7,200
- Tax, wage and social debts +€4,977
up €4,977 (+309%), from €1,611 to €6,589
of which Remuneration and social security: +€4,482
- Gross operating margin +€4,434
up €4,434 (+51.6%), from €8,585 to €13,019
- Financial charges +€1,714
up €1,714 (+218%), from €788 to €2,501
- Depreciation -€1,560
down €1,560 (-55.4%), from €2,817 to €1,258
- Taxes +€817
up €817 (+539%), from €152 to €969
- Other operating charges +€312
up €312 (+30.8%), from €1,013 to €1,325
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 | €33,188 | €44,725 | +€11,537 | +34.8% |
| Fixed assets | 21/28 | €2,544 | €4,895 | +€2,351 | +92.4% |
| Tangible fixed assets | 22/27 | €1,844 | €4,195 | +€2,351 | +127% |
| Land and buildings | 22 | €954 | €4,132 | +€3,178 | +333% |
| Plant, machinery and equipment | 23 | €847 | €63 | -€784 | -92.6% |
| Furniture and vehicles | 24 | €44 | €0 | -€44 | -100% |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €30,644 | €39,830 | +€9,186 | +30.0% |
| Stocks and contracts in progress | 3 | €4,934 | €5,809 | +€874 | +17.7% |
| Stocks | 30/36 | €4,934 | €5,809 | +€874 | +17.7% |
| Amounts receivable within one year | 40/41 | €3,381 | €10,719 | +€7,338 | +217% |
| Trade receivables | 40 | €969 | €1,286 | +€317 | +32.7% |
| Other amounts receivable | 41 | €2,412 | €9,433 | +€7,020 | +291% |
| Cash at bank and in hand | 54/58 | €19,331 | €20,744 | +€1,413 | +7.3% |
| Deferred charges and accrued income | 490/1 | €2,998 | €2,559 | -€439 | -14.6% |
| Total equity and liabilities | 10/49 | €33,188 | €44,725 | +€11,537 | +34.8% |
| Equity | 10/15 | €28,982 | €36,196 | +€7,214 | +24.9% |
| Contributions | 10/11 | €12,380 | €12,380 | = | 0.0% |
| Reserves | 13 | €282 | €7,482 | +€7,200 | +2,552% |
| Non-distributable reserves | 130/1 | €282 | €282 | = | 0.0% |
| Reserves not available under the articles | 1311 | €282 | €282 | = | 0.0% |
| Distributable reserves | 133 | - | €7,200 | +€7,200 | |
| Profit (loss) carried forward | 14 | €16,320 | €16,334 | +€14 | +0.1% |
| Amounts payable | 17/49 | €4,206 | €8,529 | +€4,323 | +103% |
| Amounts payable within one year | 42/48 | €4,206 | €8,529 | +€4,323 | +103% |
| Trade debts | 44 | €2,210 | €1,941 | -€269 | -12.2% |
| Suppliers | 440/4 | €2,210 | €1,941 | -€269 | -12.2% |
| Advances received on contracts in progress | 46 | €385 | €0 | -€385 | -100% |
| Taxes, remuneration and social security | 45 | €1,611 | €6,589 | +€4,977 | +309% |
| Taxes | 450/3 | €1,611 | €2,106 | +€495 | +30.7% |
| Remuneration and social security | 454/9 | - | €4,482 | +€4,482 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,817 | €1,258 | -€1,560 | -55.4% |
| Other operating charges | 640/8 | €1,013 | €1,325 | +€312 | +30.8% |
| Gross operating margin | 9900 | €8,585 | €13,019 | +€4,434 | +51.6% |
| Operating profit (loss) | 9901 | €4,755 | €10,437 | +€5,681 | +119% |
| Financial income | 75/76B | €1 | €247 | +€247 | +36,839% |
| Recurring financial income | 75 | €1 | €247 | +€247 | +36,839% |
| Financial charges | 65/66B | €788 | €2,501 | +€1,714 | +218% |
| Recurring financial charges | 65 | €788 | €2,501 | +€1,714 | +218% |
| Profit (loss) for the period before taxes | 9903 | €3,968 | €8,183 | +€4,214 | +106% |
| Income taxes | 67/77 | €152 | €969 | +€817 | +539% |
| Profit (loss) for the period | 9904 | €3,817 | €7,214 | +€3,397 | +89.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,817 | €7,214 | +€3,397 | +89.0% |
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 28 October 2026 via checked.be.