J & J MANAGEMENT: 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 MANAGEMENT
Largest movements
- Current investments +€500,000
new in 2025: €500,000
- Receivables within one year -€366,973
down €366,973 (-79.6%), from €461,233 to €94,261
of which Other amounts receivable: -€317,061
- Cash -€306,509
down €306,509 (-79.8%), from €384,289 to €77,779
mainly Current investments (-€500,000) and Contributions, distributions and other (-€219,000)
- Reserves -€130,381
down €130,381 (-15.0%), from €867,081 to €736,700
- Other debts -€39,371
down €39,371 (-20.5%), from €191,966 to €152,595
- Financial income -€396,489
down €396,489 (-98.8%), from €401,244 to €4,755
of which Non-recurring financial income: -€398,764
- Gross operating margin -€61,675
down €61,675 (-33.4%), from €184,601 to €122,926
- Taxes -€55,295
down €55,295 (-60.8%), from €90,935 to €35,640
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 | €1,124,742 | €953,026 | -€171,717 | -15.3% |
| Fixed assets | 21/28 | €279,220 | €279,346 | +€126 | 0.0% |
| Tangible fixed assets | 22/27 | €2,047 | €2,173 | +€126 | +6.2% |
| Plant, machinery and equipment | 23 | €2,047 | €2,173 | +€126 | +6.2% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €277,174 | €277,174 | = | 0.0% |
| Current assets | 29/58 | €845,522 | €673,679 | -€171,843 | -20.3% |
| Amounts receivable within one year | 40/41 | €461,233 | €94,261 | -€366,973 | -79.6% |
| Trade receivables | 40 | €50,389 | €477 | -€49,912 | -99.1% |
| Other amounts receivable | 41 | €410,844 | €93,784 | -€317,061 | -77.2% |
| Current investments | 50/53 | - | €500,000 | +€500,000 | |
| Cash at bank and in hand | 54/58 | €384,289 | €77,779 | -€306,509 | -79.8% |
| Deferred charges and accrued income | 490/1 | - | €1,639 | +€1,639 | |
| Total equity and liabilities | 10/49 | €1,124,742 | €953,026 | -€171,717 | -15.3% |
| Equity | 10/15 | €873,281 | €742,900 | -€130,381 | -14.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €867,081 | €736,700 | -€130,381 | -15.0% |
| Distributable reserves | 133 | €867,081 | €736,700 | -€130,381 | -15.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €251,461 | €210,125 | -€41,336 | -16.4% |
| Amounts payable within one year | 42/48 | €249,791 | €208,371 | -€41,420 | -16.6% |
| Trade debts | 44 | €3,872 | €586 | -€3,285 | -84.9% |
| Suppliers | 440/4 | €3,872 | €586 | -€3,285 | -84.9% |
| Taxes, remuneration and social security | 45 | €53,953 | €55,190 | +€1,236 | +2.3% |
| Taxes | 450/3 | €53,953 | €55,190 | +€1,236 | +2.3% |
| Other amounts payable | 47/48 | €191,966 | €152,595 | -€39,371 | -20.5% |
| Accrued charges and deferred income | 492/3 | €1,670 | €1,754 | +€84 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €931 | €1,047 | +€116 | +12.5% |
| Other operating charges | 640/8 | €1,771 | €1,824 | +€54 | +3.0% |
| Gross operating margin | 9900 | €184,601 | €122,926 | -€61,675 | -33.4% |
| Operating profit (loss) | 9901 | €181,899 | €120,054 | -€61,845 | -34.0% |
| Financial income | 75/76B | €401,244 | €4,755 | -€396,489 | -98.8% |
| Recurring financial income | 75 | €2,481 | €4,755 | +€2,274 | +91.7% |
| Non-recurring financial income | 76B | €398,764 | €0 | -€398,764 | -100% |
| Financial charges | 65/66B | €704 | €550 | -€154 | -21.9% |
| Recurring financial charges | 65 | €704 | €550 | -€154 | -21.9% |
| Profit (loss) for the period before taxes | 9903 | €582,440 | €124,259 | -€458,180 | -78.7% |
| Income taxes | 67/77 | €90,935 | €35,640 | -€55,295 | -60.8% |
| Profit (loss) for the period | 9904 | €491,505 | €88,619 | -€402,886 | -82.0% |
| Profit (loss) for the period to be appropriated | 9905 | €491,505 | €88,619 | -€402,886 | -82.0% |
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 17 October 2026 via checked.be.