J & J: 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 & J
Largest movements
- Deferred charges and accrued income +€14,326
up €14,326 (+170.8%), from €8,387 to €22,713
- Tangible fixed assets -€7,430
down €7,430 (-84.9%), from €8,750 to €1,320
of which Leasing and similar rights: -€8,349
- Receivables within one year -€3,545
down €3,545 (-5.1%), from €70,156 to €66,611
of which Trade receivables: -€11,828
- Cash +€2,241
new in 2025: €2,241
mainly Debts after one year (+€13,207) and Investment in fixed assets (net) (+€7,149)
- Debts after one year +€13,207
new in 2025: €13,207
- Tax, wage and social debts -€8,221
down €8,221 (-57.6%), from €14,278 to €6,057
of which Taxes: -€10,818
- Current portion of long-term debt +€3,833
up €3,833 (+205.0%), from €1,870 to €5,703
- Trade debts -€3,254
down €3,254 (-32.6%), from €9,993 to €6,738
- Depreciation -€7,555
down €7,555 (-96.4%), from €7,835 to €281
- Financial income -€4,951
down €4,951 (-100.0%), from €4,951 to €1
of which Financial income: -€4,340
- Staff costs +€3,361
up €3,361 (+8.7%), from €38,498 to €41,859
- Financial charges -€2,094
down €2,094 (-38.6%), from €5,432 to €3,337
of which Non-recurring financial charges: -€1,691
- Other operating charges -€1,616
down €1,616 (-25.0%), from €6,455 to €4,839
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 | €174,843 | €180,435 | +€5,593 | +3.2% |
| Fixed assets | 21/28 | €8,800 | €1,370 | -€7,430 | -84.4% |
| Tangible fixed assets | 22/27 | €8,750 | €1,320 | -€7,430 | -84.9% |
| Land and buildings | 22 | €352 | €264 | -€88 | -25.0% |
| Plant, machinery and equipment | 23 | €49 | €1,056 | +€1,007 | +2073.7% |
| Leasing and similar rights | 25 | €8,349 | €0 | -€8,349 | -100.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €166,043 | €179,066 | +€13,023 | +7.8% |
| Amounts receivable after more than one year | 29 | €87,500 | €87,500 | = | 0.0% |
| Trade receivables | 290 | - | €87,500 | +€87,500 | |
| Other amounts receivable | 291 | €87,500 | €0 | -€87,500 | -100.0% |
| Amounts receivable within one year | 40/41 | €70,156 | €66,611 | -€3,545 | -5.1% |
| Trade receivables | 40 | €32,644 | €20,816 | -€11,828 | -36.2% |
| Other amounts receivable | 41 | €37,513 | €45,796 | +€8,283 | +22.1% |
| Cash at bank and in hand | 54/58 | - | €2,241 | +€2,241 | |
| Deferred charges and accrued income | 490/1 | €8,387 | €22,713 | +€14,326 | +170.8% |
| Total equity and liabilities | 10/49 | €174,843 | €180,435 | +€5,593 | +3.2% |
| Equity | 10/15 | €148,694 | €148,720 | +€26 | 0.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €103,257 | €103,257 | = | 0.0% |
| 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 | €101,397 | €101,397 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,436 | €35,462 | +€26 | +0.1% |
| Amounts payable | 17/49 | €26,149 | €31,716 | +€5,567 | +21.3% |
| Amounts payable after more than one year | 17 | - | €13,207 | +€13,207 | |
| Financial debts | 170/4 | - | €13,207 | +€13,207 | |
| Amounts payable within one year | 42/48 | €26,149 | €18,498 | -€7,651 | -29.3% |
| Current portion of amounts payable after more than one year | 42 | €1,870 | €5,703 | +€3,833 | +205.0% |
| Financial debts | 43 | €9 | €0 | -€9 | -100.0% |
| Credit institutions | 430/8 | €9 | €0 | -€9 | -100.0% |
| Trade debts | 44 | €9,993 | €6,738 | -€3,254 | -32.6% |
| Suppliers | 440/4 | €9,993 | €6,738 | -€3,254 | -32.6% |
| Taxes, remuneration and social security | 45 | €14,278 | €6,057 | -€8,221 | -57.6% |
| Taxes | 450/3 | €10,818 | €0 | -€10,818 | -100.0% |
| Remuneration and social security | 454/9 | €3,460 | €6,057 | +€2,597 | +75.1% |
| Accrued charges and deferred income | 492/3 | - | €11 | +€11 | |
| Non-recurring operating income | 76A | - | €2,499 | +€2,499 | |
| Remuneration, social security and pensions | 62 | €38,498 | €41,859 | +€3,361 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,835 | €281 | -€7,555 | -96.4% |
| Other operating charges | 640/8 | €6,455 | €4,839 | -€1,616 | -25.0% |
| Non-recurring operating charges | 66A | - | €6,991 | +€6,991 | |
| Gross operating margin | 9900 | €58,280 | €58,475 | +€194 | +0.3% |
| Operating profit (loss) | 9901 | €5,492 | €4,505 | -€987 | -18.0% |
| Financial income | 75/76B | €4,951 | €1 | -€4,951 | -100.0% |
| Recurring financial income | 75 | €4,340 | €1 | -€4,340 | -100.0% |
| Non-recurring financial income | 76B | €611 | €0 | -€611 | -100.0% |
| Financial charges | 65/66B | €5,432 | €3,337 | -€2,094 | -38.6% |
| Recurring financial charges | 65 | €3,741 | €3,337 | -€403 | -10.8% |
| Non-recurring financial charges | 66B | €1,691 | €0 | -€1,691 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €5,012 | €1,169 | -€3,843 | -76.7% |
| Income taxes | 67/77 | €2,361 | €1,143 | -€1,218 | -51.6% |
| Profit (loss) for the period | 9904 | €2,651 | €26 | -€2,625 | -99.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,651 | €26 | -€2,625 | -99.0% |
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 5 October 2026 via checked.be.