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
- Receivables within one year -€330,019
down €330,019 (-51.1%), from €645,666 to €315,647
of which Other amounts receivable: -€328,419
- Current portion of long-term debt -€222,356
down €222,356 (-64.5%), from €345,002 to €122,646
- Debts after one year -€145,865
down €145,865 (-20.1%), from €725,866 to €580,001
of which Financial debts: -€145,865
- Reserves +€60,353
up €60,353 (+22.5%), from €267,700 to €328,053
of which Distributable reserves: +€60,353
- Revaluation surpluses -€22,686
down €22,686 (-9.6%), from €237,048 to €214,362
- Other operating charges +€29,063
up €29,063 (+789%), from €3,682 to €32,745
- Financial charges +€15,857
up €15,857 (+111%), from €14,242 to €30,099
- Depreciation -€11,883
down €11,883 (-12.1%), from €97,914 to €86,030
- Taxes -€2,984
down €2,984 (-9.2%), from €32,408 to €29,424
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,188,110 | €1,856,361 | -€331,749 | -15.2% |
| Fixed assets | 21/28 | €1,356,480 | €1,349,358 | -€7,122 | -0.5% |
| Tangible fixed assets | 22/27 | €919,980 | €921,858 | +€1,878 | +0.2% |
| Land and buildings | 22 | €869,995 | €837,663 | -€32,333 | -3.7% |
| Plant, machinery and equipment | 23 | €49,985 | €42,373 | -€7,612 | -15.2% |
| Leasing and similar rights | 25 | - | €41,823 | +€41,823 | |
| Financial fixed assets | 28 | €436,500 | €427,500 | -€9,000 | -2.1% |
| Current assets | 29/58 | €831,629 | €507,003 | -€324,627 | -39.0% |
| Amounts receivable after more than one year | 29 | €185,783 | €185,783 | = | 0.0% |
| Trade receivables | 290 | €41,432 | €41,432 | = | 0.0% |
| Other amounts receivable | 291 | €144,350 | €144,350 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €645,666 | €315,647 | -€330,019 | -51.1% |
| Trade receivables | 40 | €64,358 | €62,758 | -€1,600 | -2.5% |
| Other amounts receivable | 41 | €581,308 | €252,889 | -€328,419 | -56.5% |
| Cash at bank and in hand | 54/58 | €181 | €5,573 | +€5,392 | +2,974% |
| Total equity and liabilities | 10/49 | €2,188,110 | €1,856,361 | -€331,749 | -15.2% |
| Equity | 10/15 | €1,053,798 | €1,091,465 | +€37,667 | +3.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Revaluation surpluses | 12 | €237,048 | €214,362 | -€22,686 | -9.6% |
| Reserves | 13 | €267,700 | €328,053 | +€60,353 | +22.5% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €265,845 | €326,198 | +€60,353 | +22.7% |
| Profit (loss) carried forward | 14 | €530,500 | €530,500 | = | 0.0% |
| Amounts payable | 17/49 | €1,134,312 | €764,896 | -€369,416 | -32.6% |
| Amounts payable after more than one year | 17 | €725,866 | €580,001 | -€145,865 | -20.1% |
| Financial debts | 170/4 | €652,166 | €506,301 | -€145,865 | -22.4% |
| Other amounts payable | 178/9 | €73,700 | €73,700 | = | 0.0% |
| Amounts payable within one year | 42/48 | €408,446 | €184,895 | -€223,551 | -54.7% |
| Current portion of amounts payable after more than one year | 42 | €345,002 | €122,646 | -€222,356 | -64.5% |
| Trade debts | 44 | €9,356 | €3,818 | -€5,538 | -59.2% |
| Suppliers | 440/4 | €9,356 | €3,818 | -€5,538 | -59.2% |
| Taxes, remuneration and social security | 45 | €36,872 | €28,430 | -€8,442 | -22.9% |
| Taxes | 450/3 | €36,872 | €28,430 | -€8,442 | -22.9% |
| Other amounts payable | 47/48 | €17,216 | €30,001 | +€12,785 | +74.3% |
| Accrued charges and deferred income | 492/3 | - | €0 | +€0 | |
| Non-recurring operating income | 76A | - | €22,686 | +€22,686 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,914 | €86,030 | -€11,883 | -12.1% |
| Other operating charges | 640/8 | €3,682 | €32,745 | +€29,063 | +789% |
| Gross operating margin | 9900 | €239,450 | €238,652 | -€798 | -0.3% |
| Operating profit (loss) | 9901 | €137,854 | €119,877 | -€17,978 | -13.0% |
| Financial income | 75/76B | €106 | - | -€106 | |
| Recurring financial income | 75 | €106 | - | -€106 | |
| Financial charges | 65/66B | €14,242 | €30,099 | +€15,857 | +111% |
| Recurring financial charges | 65 | €14,242 | €30,099 | +€15,857 | +111% |
| Profit (loss) for the period before taxes | 9903 | €123,718 | €89,777 | -€33,941 | -27.4% |
| Income taxes | 67/77 | €32,408 | €29,424 | -€2,984 | -9.2% |
| Profit (loss) for the period | 9904 | €91,310 | €60,353 | -€30,957 | -33.9% |
| Profit (loss) for the period to be appropriated | 9905 | €91,310 | €60,353 | -€30,957 | -33.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.