J&I: 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&I
Largest movements
- Cash +€34,094
up €34,094 (+98.3%), from €34,698 to €68,792
mainly Net result for the year (+€79,934) and Depreciation (+€58,063)
- Tangible fixed assets +€23,864
up €23,864 (+6.2%), from €387,997 to €411,861
of which Furniture and vehicles: +€50,616
- Profit (loss) carried forward +€43,634
up €43,634, from -€43,634 to €0
- Reserves +€36,300
new in 2025: €36,300
- Debts after one year -€26,933
down €26,933 (-11.4%), from €235,592 to €208,659
- Current portion of long-term debt +€21,477
up €21,477 (+47.0%), from €45,692 to €67,169
- Other debts +€16,994
up €16,994 (+52.3%), from €32,483 to €49,477
- Gross operating margin +€89,915
up €89,915 (+36.6%), from €245,501 to €335,417
- Staff costs -€41,363
down €41,363 (-19.0%), from €217,669 to €176,305
- Depreciation +€7,824
up €7,824 (+15.6%), from €50,239 to €58,063
- Taxes +€5,227
up €5,227 (+19218.2%), from €27 to €5,255
- Financial charges -€3,677
down €3,677 (-19.2%), from €19,115 to €15,438
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 | €450,012 | €516,695 | +€66,683 | +14.8% |
| Fixed assets | 21/28 | €390,274 | €413,588 | +€23,314 | +6.0% |
| Intangible fixed assets | 21 | €2,277 | €1,727 | -€550 | -24.2% |
| Tangible fixed assets | 22/27 | €387,997 | €411,861 | +€23,864 | +6.2% |
| Plant, machinery and equipment | 23 | €34,158 | €43,258 | +€9,101 | +26.6% |
| Furniture and vehicles | 24 | €25,466 | €76,082 | +€50,616 | +198.8% |
| Leasing and similar rights | 25 | €62,569 | €52,225 | -€10,344 | -16.5% |
| Other tangible fixed assets | 26 | €265,805 | €240,296 | -€25,509 | -9.6% |
| Current assets | 29/58 | €59,738 | €103,107 | +€43,369 | +72.6% |
| Stocks and contracts in progress | 3 | €20,043 | €24,672 | +€4,629 | +23.1% |
| Stocks | 30/36 | €20,043 | €24,672 | +€4,629 | +23.1% |
| Amounts receivable within one year | 40/41 | €3,503 | €5,473 | +€1,970 | +56.2% |
| Trade receivables | 40 | €2,520 | €4,702 | +€2,182 | +86.6% |
| Other amounts receivable | 41 | €983 | €771 | -€212 | -21.5% |
| Cash at bank and in hand | 54/58 | €34,698 | €68,792 | +€34,094 | +98.3% |
| Deferred charges and accrued income | 490/1 | €1,494 | €4,170 | +€2,676 | +179.1% |
| Total equity and liabilities | 10/49 | €450,012 | €516,695 | +€66,683 | +14.8% |
| Equity | 10/15 | -€23,634 | €56,300 | +€79,934 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | - | €36,300 | +€36,300 | |
| Distributable reserves | 133 | - | €36,300 | +€36,300 | |
| Profit (loss) carried forward | 14 | -€43,634 | €0 | +€43,634 | |
| Amounts payable | 17/49 | €473,646 | €460,394 | -€13,252 | -2.8% |
| Amounts payable after more than one year | 17 | €235,592 | €208,659 | -€26,933 | -11.4% |
| Financial debts | 170/4 | €235,592 | €208,659 | -€26,933 | -11.4% |
| Amounts payable within one year | 42/48 | €235,654 | €251,360 | +€15,706 | +6.7% |
| Current portion of amounts payable after more than one year | 42 | €45,692 | €67,169 | +€21,477 | +47.0% |
| Trade debts | 44 | €103,475 | €93,050 | -€10,425 | -10.1% |
| Suppliers | 440/4 | €103,475 | €93,050 | -€10,425 | -10.1% |
| Advances received on contracts in progress | 46 | €11,924 | €12,694 | +€770 | +6.5% |
| Taxes, remuneration and social security | 45 | €42,081 | €28,972 | -€13,109 | -31.2% |
| Taxes | 450/3 | €18,059 | €12,052 | -€6,007 | -33.3% |
| Remuneration and social security | 454/9 | €24,022 | €16,919 | -€7,102 | -29.6% |
| Other amounts payable | 47/48 | €32,483 | €49,477 | +€16,994 | +52.3% |
| Accrued charges and deferred income | 492/3 | €2,400 | €375 | -€2,025 | -84.4% |
| Remuneration, social security and pensions | 62 | €217,669 | €176,305 | -€41,363 | -19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,239 | €58,063 | +€7,824 | +15.6% |
| Other operating charges | 640/8 | €1,616 | €859 | -€757 | -46.9% |
| Non-recurring operating charges | 66A | €652 | €503 | -€149 | -22.9% |
| Gross operating margin | 9900 | €245,501 | €335,417 | +€89,915 | +36.6% |
| Operating profit (loss) | 9901 | -€24,674 | €99,687 | +€124,361 | |
| Financial income | 75/76B | €182 | €941 | +€758 | +416.0% |
| Recurring financial income | 75 | €182 | €941 | +€758 | +416.0% |
| Financial charges | 65/66B | €19,115 | €15,438 | -€3,677 | -19.2% |
| Recurring financial charges | 65 | €19,115 | €15,438 | -€3,677 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | -€43,607 | €85,189 | +€128,796 | |
| Income taxes | 67/77 | €27 | €5,255 | +€5,227 | +19218.2% |
| Profit (loss) for the period | 9904 | -€43,634 | €79,934 | +€123,568 | |
| Profit (loss) for the period to be appropriated | 9905 | -€43,634 | €79,934 | +€123,568 |
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 10 October 2026 via checked.be.