J & J: 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 & J
Largest movements
- Tangible fixed assets -€9,735
down €9,735 (-2.3%), from €431,418 to €421,683
- Other debts +€23,933
up €23,933 (+15.1%), from €158,065 to €181,999
- Tax, wage and social debts -€16,954
no longer reported in 2025 (was €16,954)
of which Taxes: -€13,679
- Debts after one year -€15,232
down €15,232 (-5.6%), from €272,215 to €256,983
of which Financial debts: -€15,232
- Gross operating margin +€18,767
up €18,767 (+311%), from €6,034 to €24,801
- Staff costs -€15,327
down €15,327 (-98.3%), from €15,593 to €267
- Financial charges -€278
down €278 (-2.3%), from €11,935 to €11,657
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 | €591,320 | €582,774 | -€8,546 | -1.4% |
| Fixed assets | 21/28 | €431,418 | €421,683 | -€9,735 | -2.3% |
| Tangible fixed assets | 22/27 | €431,418 | €421,683 | -€9,735 | -2.3% |
| Land and buildings | 22 | €431,418 | €421,683 | -€9,735 | -2.3% |
| Current assets | 29/58 | €159,902 | €161,091 | +€1,189 | +0.7% |
| Stocks and contracts in progress | 3 | €159,053 | €159,053 | = | 0.0% |
| Stocks | 30/36 | €159,053 | €159,053 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €849 | €2,038 | +€1,189 | +140% |
| Total equity and liabilities | 10/49 | €591,320 | €582,774 | -€8,546 | -1.4% |
| Equity | 10/15 | €129,466 | €128,561 | -€905 | -0.7% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Reserves | 13 | €146,622 | €146,622 | = | 0.0% |
| Distributable reserves | 133 | €146,622 | €146,622 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,156 | -€36,061 | -€905 | -2.6% |
| Amounts payable | 17/49 | €461,854 | €454,213 | -€7,641 | -1.7% |
| Amounts payable after more than one year | 17 | €272,215 | €256,983 | -€15,232 | -5.6% |
| Financial debts | 170/4 | €270,415 | €255,183 | -€15,232 | -5.6% |
| Other amounts payable | 178/9 | €1,800 | €1,800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €189,639 | €197,230 | +€7,591 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €14,620 | €15,232 | +€612 | +4.2% |
| Taxes, remuneration and social security | 45 | €16,954 | - | -€16,954 | |
| Taxes | 450/3 | €13,679 | - | -€13,679 | |
| Remuneration and social security | 454/9 | €3,275 | - | -€3,275 | |
| Other amounts payable | 47/48 | €158,065 | €181,999 | +€23,933 | +15.1% |
| Remuneration, social security and pensions | 62 | €15,593 | €267 | -€15,327 | -98.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,735 | €9,735 | = | 0.0% |
| Other operating charges | 640/8 | €3,926 | €4,048 | +€122 | +3.1% |
| Gross operating margin | 9900 | €6,034 | €24,801 | +€18,767 | +311% |
| Operating profit (loss) | 9901 | -€23,221 | €10,752 | +€33,972 | |
| Financial charges | 65/66B | €11,935 | €11,657 | -€278 | -2.3% |
| Recurring financial charges | 65 | €11,935 | €11,657 | -€278 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | -€35,156 | -€905 | +€34,251 | +97.4% |
| Profit (loss) for the period | 9904 | -€35,156 | -€905 | +€34,251 | +97.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,156 | -€905 | +€34,251 | +97.4% |
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 21 October 2026 via checked.be.