J+ Glas: 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.
J+ Glas
Largest movements
- Cash +€164,440
up €164,440 (+25.1%), from €656,249 to €820,689
mainly Net result for the year (+€164,678) and Depreciation (+€85,915)
- Tangible fixed assets -€78,247
down €78,247 (-12.5%), from €626,479 to €548,233
of which Leasing and similar rights: -€45,641
- Reserves +€164,678
up €164,678 (+48.2%), from €341,949 to €506,626
- Debts after one year -€60,273
down €60,273 (-13.1%), from €461,539 to €401,266
- Tax, wage and social debts -€17,648
down €17,648 (-58.3%), from €30,247 to €12,599
of which Taxes: -€19,292
- Gross operating margin +€47,345
up €47,345 (+13.3%), from €355,920 to €403,265
- Taxes +€16,551
up €16,551 (+29.3%), from €56,508 to €73,060
- Staff costs +€11,522
up €11,522 (+26.5%), from €43,452 to €54,975
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 | €1,396,672 | €1,485,019 | +€88,347 | +6.3% |
| Fixed assets | 21/28 | €626,479 | €548,233 | -€78,247 | -12.5% |
| Tangible fixed assets | 22/27 | €626,479 | €548,233 | -€78,247 | -12.5% |
| Land and buildings | 22 | €465,047 | €447,831 | -€17,217 | -3.7% |
| Plant, machinery and equipment | 23 | €14,903 | €11,803 | -€3,100 | -20.8% |
| Furniture and vehicles | 24 | €42,618 | €30,329 | -€12,289 | -28.8% |
| Leasing and similar rights | 25 | €103,911 | €58,270 | -€45,641 | -43.9% |
| Current assets | 29/58 | €770,193 | €936,786 | +€166,594 | +21.6% |
| Stocks and contracts in progress | 3 | €28,064 | €22,785 | -€5,279 | -18.8% |
| Stocks | 30/36 | €28,064 | €22,785 | -€5,279 | -18.8% |
| Amounts receivable within one year | 40/41 | €85,880 | €93,312 | +€7,433 | +8.7% |
| Trade receivables | 40 | €71,066 | €77,937 | +€6,871 | +9.7% |
| Other amounts receivable | 41 | €14,813 | €15,375 | +€562 | +3.8% |
| Cash at bank and in hand | 54/58 | €656,249 | €820,689 | +€164,440 | +25.1% |
| Total equity and liabilities | 10/49 | €1,396,672 | €1,485,019 | +€88,347 | +6.3% |
| Equity | 10/15 | €543,603 | €708,280 | +€164,678 | +30.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €341,949 | €506,626 | +€164,678 | +48.2% |
| Distributable reserves | 133 | €341,949 | €506,626 | +€164,678 | +48.2% |
| Profit (loss) carried forward | 14 | €186,654 | €186,654 | = | 0.0% |
| Amounts payable | 17/49 | €853,070 | €776,739 | -€76,331 | -8.9% |
| Amounts payable after more than one year | 17 | €461,539 | €401,266 | -€60,273 | -13.1% |
| Financial debts | 170/4 | €461,539 | €401,266 | -€60,273 | -13.1% |
| Amounts payable within one year | 42/48 | €391,530 | €375,473 | -€16,058 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | €56,303 | €57,791 | +€1,488 | +2.6% |
| Trade debts | 44 | €134,455 | €128,079 | -€6,376 | -4.7% |
| Suppliers | 440/4 | €134,455 | €128,079 | -€6,376 | -4.7% |
| Taxes, remuneration and social security | 45 | €30,247 | €12,599 | -€17,648 | -58.3% |
| Taxes | 450/3 | €25,223 | €5,932 | -€19,292 | -76.5% |
| Remuneration and social security | 454/9 | €5,023 | €6,667 | +€1,644 | +32.7% |
| Other amounts payable | 47/48 | €170,525 | €177,003 | +€6,478 | +3.8% |
| Non-recurring operating income | 76A | €19,000 | - | -€19,000 | |
| Remuneration, social security and pensions | 62 | €43,452 | €54,975 | +€11,522 | +26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,580 | €85,915 | +€335 | +0.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,129 | +€1,129 | |
| Other operating charges | 640/8 | €4,962 | €4,901 | -€60 | -1.2% |
| Gross operating margin | 9900 | €355,920 | €403,265 | +€47,345 | +13.3% |
| Operating profit (loss) | 9901 | €221,926 | €256,344 | +€34,419 | +15.5% |
| Financial income | 75/76B | €671 | €3,615 | +€2,944 | +438.7% |
| Recurring financial income | 75 | €671 | €3,615 | +€2,944 | +438.7% |
| Financial charges | 65/66B | €24,140 | €22,222 | -€1,918 | -7.9% |
| Recurring financial charges | 65 | €24,140 | €22,222 | -€1,918 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €198,457 | €237,737 | +€39,280 | +19.8% |
| Income taxes | 67/77 | €56,508 | €73,060 | +€16,551 | +29.3% |
| Profit (loss) for the period | 9904 | €141,949 | €164,678 | +€22,729 | +16.0% |
| Profit (loss) for the period to be appropriated | 9905 | €141,949 | €164,678 | +€22,729 | +16.0% |
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 6 October 2026 via checked.be.