J-Flow: 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-Flow
Largest movements
- Deferred charges and accrued income +€19,558
up €19,558 (+2458.2%), from €796 to €20,354
- Current investments -€6,992
down €6,992 (-99.9%), from €7,002 to €10
- Cash +€3,450
up €3,450 (+178.1%), from €1,937 to €5,387
mainly Net result for the year (+€13,702) and Other debts (+€10,974)
- Tangible fixed assets +€2,920
new in 2025: €2,920
- Financial fixed assets +€1,256
new in 2025: €1,256
- Reserves +€12,869
up €12,869 (+248.3%), from €5,182 to €18,051
- Other debts +€10,974
up €10,974 (+170.0%), from €6,456 to €17,430
- Tax, wage and social debts -€3,596
down €3,596 (-53.7%), from €6,693 to €3,096
of which Taxes: -€6,604
- Trade debts +€1,121
up €1,121 (+150.1%), from €747 to €1,869
- Gross operating margin +€34,418
up €34,418 (+420.9%), from €8,177 to €42,595
- Staff costs +€22,670
new in 2025: €22,670
- Taxes +€2,570
up €2,570 (+116.8%), from €2,200 to €4,770
- Depreciation +€719
new in 2025: €719
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 | €20,078 | €41,446 | +€21,368 | +106.4% |
| Fixed assets | 21/28 | - | €4,176 | +€4,176 | |
| Tangible fixed assets | 22/27 | - | €2,920 | +€2,920 | |
| Furniture and vehicles | 24 | - | €2,920 | +€2,920 | |
| Financial fixed assets | 28 | - | €1,256 | +€1,256 | |
| Current assets | 29/58 | €20,078 | €37,271 | +€17,193 | +85.6% |
| Amounts receivable within one year | 40/41 | €10,344 | €11,520 | +€1,177 | +11.4% |
| Trade receivables | 40 | €10,344 | €8,790 | -€1,553 | -15.0% |
| Other amounts receivable | 41 | - | €2,730 | +€2,730 | |
| Current investments | 50/53 | €7,002 | €10 | -€6,992 | -99.9% |
| Cash at bank and in hand | 54/58 | €1,937 | €5,387 | +€3,450 | +178.1% |
| Deferred charges and accrued income | 490/1 | €796 | €20,354 | +€19,558 | +2458.2% |
| Total equity and liabilities | 10/49 | €20,078 | €41,446 | +€21,368 | +106.4% |
| Equity | 10/15 | €6,182 | €19,051 | +€12,869 | +208.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €5,182 | €18,051 | +€12,869 | +248.3% |
| Distributable reserves | 133 | €5,182 | €18,051 | +€12,869 | +248.3% |
| Amounts payable | 17/49 | €13,896 | €22,395 | +€8,499 | +61.2% |
| Amounts payable within one year | 42/48 | €13,896 | €22,395 | +€8,499 | +61.2% |
| Trade debts | 44 | €747 | €1,869 | +€1,121 | +150.1% |
| Suppliers | 440/4 | €747 | €1,869 | +€1,121 | +150.1% |
| Taxes, remuneration and social security | 45 | €6,693 | €3,096 | -€3,596 | -53.7% |
| Taxes | 450/3 | €6,693 | €89 | -€6,604 | -98.7% |
| Remuneration and social security | 454/9 | - | €3,008 | +€3,008 | |
| Other amounts payable | 47/48 | €6,456 | €17,430 | +€10,974 | +170.0% |
| Remuneration, social security and pensions | 62 | - | €22,670 | +€22,670 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €719 | +€719 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €360 | +€360 | |
| Other operating charges | 640/8 | €175 | €324 | +€149 | +84.9% |
| Gross operating margin | 9900 | €8,177 | €42,595 | +€34,418 | +420.9% |
| Operating profit (loss) | 9901 | €8,002 | €18,522 | +€10,520 | +131.5% |
| Financial income | 75/76B | €3 | €8 | +€5 | +146.6% |
| Recurring financial income | 75 | €3 | €8 | +€5 | +146.6% |
| Financial charges | 65/66B | €97 | €58 | -€39 | -40.2% |
| Recurring financial charges | 65 | €97 | €58 | -€39 | -40.2% |
| Profit (loss) for the period before taxes | 9903 | €7,908 | €18,472 | +€10,564 | +133.6% |
| Income taxes | 67/77 | €2,200 | €4,770 | +€2,570 | +116.8% |
| Profit (loss) for the period | 9904 | €5,708 | €13,702 | +€7,994 | +140.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,708 | €13,702 | +€7,994 | +140.0% |
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 12 October 2026 via checked.be.