J&J: what changed
J&J
Largest movements
- Receivables within one year +€1,464
up €1,464 (+59.7%), from €2,453 to €3,917
of which Trade receivables: +€2,727
- Cash -€1,238
down €1,238 (-52.9%), from €2,341 to €1,103
mainly Tax, wage and social debts (-€1,671) and Receivables within one year (-€1,464)
- Trade debts +€2,217
new in 2025: €2,217
- Tax, wage and social debts -€1,671
down €1,671 (-60.3%), from €2,771 to €1,100
- Profit (loss) carried forward -€320
down €320 (-32.8%), from -€977 to -€1,297
- Depreciation -€1,240
no longer reported in 2025 (was €1,240)
- Other operating charges +€941
up €941 (+112%), from €837 to €1,778
- Gross operating margin -€386
down €386 (-20.9%), from €1,845 to €1,459
- Financial charges -€227
down €227 (-99.6%), from €228 to €1
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,794 | €5,020 | +€226 | +4.7% |
| Current assets | 29/58 | €4,794 | €5,020 | +€226 | +4.7% |
| Amounts receivable within one year | 40/41 | €2,453 | €3,917 | +€1,464 | +59.7% |
| Trade receivables | 40 | €1,190 | €3,917 | +€2,727 | +229% |
| Other amounts receivable | 41 | €1,263 | - | -€1,263 | |
| Cash at bank and in hand | 54/58 | €2,341 | €1,103 | -€1,238 | -52.9% |
| Total equity and liabilities | 10/49 | €4,794 | €5,020 | +€226 | +4.7% |
| Equity | 10/15 | €2,023 | €1,703 | -€320 | -15.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€977 | -€1,297 | -€320 | -32.8% |
| Amounts payable | 17/49 | €2,771 | €3,317 | +€546 | +19.7% |
| Amounts payable within one year | 42/48 | €2,771 | €3,317 | +€546 | +19.7% |
| Trade debts | 44 | - | €2,217 | +€2,217 | |
| Suppliers | 440/4 | - | €2,217 | +€2,217 | |
| Taxes, remuneration and social security | 45 | €2,771 | €1,100 | -€1,671 | -60.3% |
| Taxes | 450/3 | €2,771 | €1,100 | -€1,671 | -60.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,240 | - | -€1,240 | |
| Other operating charges | 640/8 | €837 | €1,778 | +€941 | +112% |
| Non-recurring operating charges | 66A | €517 | - | -€517 | |
| Gross operating margin | 9900 | €1,845 | €1,459 | -€386 | -20.9% |
| Operating profit (loss) | 9901 | -€749 | -€319 | +€430 | +57.4% |
| Financial charges | 65/66B | €228 | €1 | -€227 | -99.6% |
| Recurring financial charges | 65 | €228 | €1 | -€227 | -99.6% |
| Profit (loss) for the period before taxes | 9903 | -€977 | -€320 | +€657 | +67.2% |
| Profit (loss) for the period | 9904 | -€977 | -€320 | +€657 | +67.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€977 | -€320 | +€657 | +67.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.