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
- Cash -€189,049
down €189,049 (-66.9%), from €282,414 to €93,365
mainly Receivables within one year (-€140,065) and Tax, wage and social debts (-€34,344)
- Receivables within one year +€140,065
up €140,065 (+141.2%), from €99,223 to €239,288
- Tax, wage and social debts -€34,344
down €34,344 (-72.9%), from €47,095 to €12,751
of which Taxes: -€31,286
- Reserves -€20,868
down €20,868 (-6.6%), from €313,905 to €293,037
of which Distributable reserves: -€20,868
- Gross operating margin -€151,017
down €151,017 (-89.6%), from €168,577 to €17,560
- Staff costs -€36,533
down €36,533 (-91.5%), from €39,910 to €3,376
- Taxes -€31,649
down €31,649 (-97.5%), from €32,459 to €810
- Other operating charges -€5,797
down €5,797 (-66.5%), from €8,719 to €2,922
- Financial charges -€5,238
down €5,238 (-93.9%), from €5,581 to €343
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 | €435,288 | €383,392 | -€51,896 | -11.9% |
| Fixed assets | 21/28 | €50,846 | €47,435 | -€3,412 | -6.7% |
| Tangible fixed assets | 22/27 | €50,846 | €47,435 | -€3,412 | -6.7% |
| Land and buildings | 22 | €26,933 | €30,759 | +€3,826 | +14.2% |
| Plant, machinery and equipment | 23 | €17,591 | €12,261 | -€5,330 | -30.3% |
| Furniture and vehicles | 24 | €6,322 | €4,414 | -€1,907 | -30.2% |
| Current assets | 29/58 | €384,441 | €335,957 | -€48,484 | -12.6% |
| Stocks and contracts in progress | 3 | €2,500 | €3,000 | +€500 | +20.0% |
| Stocks | 30/36 | €2,500 | €3,000 | +€500 | +20.0% |
| Amounts receivable within one year | 40/41 | €99,223 | €239,288 | +€140,065 | +141.2% |
| Other amounts receivable | 41 | €99,223 | €239,288 | +€140,065 | +141.2% |
| Current investments | 50/53 | €304 | €304 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €282,414 | €93,365 | -€189,049 | -66.9% |
| Total equity and liabilities | 10/49 | €435,288 | €383,392 | -€51,896 | -11.9% |
| Equity | 10/15 | €332,505 | €311,637 | -€20,868 | -6.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €313,905 | €293,037 | -€20,868 | -6.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €312,045 | €291,177 | -€20,868 | -6.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €102,783 | €71,755 | -€31,028 | -30.2% |
| Amounts payable within one year | 42/48 | €102,783 | €71,755 | -€31,028 | -30.2% |
| Trade debts | 44 | €49,021 | €50,319 | +€1,297 | +2.6% |
| Suppliers | 440/4 | €49,021 | €50,319 | +€1,297 | +2.6% |
| Taxes, remuneration and social security | 45 | €47,095 | €12,751 | -€34,344 | -72.9% |
| Taxes | 450/3 | €41,468 | €10,182 | -€31,286 | -75.4% |
| Remuneration and social security | 454/9 | €5,627 | €2,569 | -€3,058 | -54.3% |
| Other amounts payable | 47/48 | €6,666 | €8,686 | +€2,019 | +30.3% |
| Remuneration, social security and pensions | 62 | €39,910 | €3,376 | -€36,533 | -91.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,776 | €8,521 | +€745 | +9.6% |
| Other operating charges | 640/8 | €8,719 | €2,922 | -€5,797 | -66.5% |
| Gross operating margin | 9900 | €168,577 | €17,560 | -€151,017 | -89.6% |
| Operating profit (loss) | 9901 | €112,173 | €2,741 | -€109,432 | -97.6% |
| Financial income | 75/76B | €1,109 | €9 | -€1,100 | -99.2% |
| Recurring financial income | 75 | €1,109 | €9 | -€1,100 | -99.2% |
| Financial charges | 65/66B | €5,581 | €343 | -€5,238 | -93.9% |
| Recurring financial charges | 65 | €5,581 | €343 | -€5,238 | -93.9% |
| Profit (loss) for the period before taxes | 9903 | €107,702 | €2,408 | -€105,294 | -97.8% |
| Income taxes | 67/77 | €32,459 | €810 | -€31,649 | -97.5% |
| Profit (loss) for the period | 9904 | €75,243 | €1,598 | -€73,645 | -97.9% |
| Profit (loss) for the period to be appropriated | 9905 | €75,243 | €1,598 | -€73,645 | -97.9% |
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.