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
- Tangible fixed assets -€30,179
down €30,179 (-2.7%), from €1.1m to €1.1m
of which Land and buildings: -€39,926
- Cash -€20,548
down €20,548 (-56.9%), from €36,140 to €15,592
mainly Debts after one year (-€187,698) and Investment in fixed assets (net) (-€13,662)
- Debts after one year -€187,698
down €187,698 (-16.9%), from €1.1m to €925,445
- Current portion of long-term debt +€126,658
up €126,658 (+208%), from €61,040 to €187,698
- Gross operating margin -€43,341
down €43,341 (-37.4%), from €115,868 to €72,528
- Taxes +€3,286
up €3,286 (+1,538%), from €214 to €3,500
- Depreciation +€1,701
up €1,701 (+4.0%), from €42,139 to €43,840
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 | €1,195,014 | €1,142,827 | -€52,187 | -4.4% |
| Fixed assets | 21/28 | €1,122,158 | €1,091,979 | -€30,179 | -2.7% |
| Tangible fixed assets | 22/27 | €1,122,158 | €1,091,979 | -€30,179 | -2.7% |
| Land and buildings | 22 | €1,120,182 | €1,080,256 | -€39,926 | -3.6% |
| Plant, machinery and equipment | 23 | - | €621 | +€621 | |
| Furniture and vehicles | 24 | €1,976 | €11,101 | +€9,126 | +462% |
| Current assets | 29/58 | €72,857 | €50,848 | -€22,008 | -30.2% |
| Amounts receivable within one year | 40/41 | €36,716 | €35,256 | -€1,460 | -4.0% |
| Trade receivables | 40 | €36,716 | €35,256 | -€1,460 | -4.0% |
| Cash at bank and in hand | 54/58 | €36,140 | €15,592 | -€20,548 | -56.9% |
| Total equity and liabilities | 10/49 | €1,195,014 | €1,142,827 | -€52,187 | -4.4% |
| Equity | 10/15 | -€34,059 | -€31,111 | +€2,948 | +8.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €23,700 | €23,700 | = | 0.0% |
| Distributable reserves | 133 | €23,700 | €23,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,959 | -€61,011 | +€2,948 | +4.6% |
| Amounts payable | 17/49 | €1,229,073 | €1,173,938 | -€55,135 | -4.5% |
| Amounts payable after more than one year | 17 | €1,113,143 | €925,445 | -€187,698 | -16.9% |
| Financial debts | 170/4 | €1,113,143 | €925,445 | -€187,698 | -16.9% |
| Amounts payable within one year | 42/48 | €112,930 | €244,993 | +€132,063 | +117% |
| Current portion of amounts payable after more than one year | 42 | €61,040 | €187,698 | +€126,658 | +208% |
| Trade debts | 44 | €10,550 | €16,738 | +€6,188 | +58.7% |
| Suppliers | 440/4 | €10,550 | €16,738 | +€6,188 | +58.7% |
| Taxes, remuneration and social security | 45 | €23,227 | €18,617 | -€4,609 | -19.8% |
| Taxes | 450/3 | €20,227 | €18,617 | -€1,609 | -8.0% |
| Remuneration and social security | 454/9 | €3,000 | €0 | -€3,000 | -100% |
| Other amounts payable | 47/48 | €18,114 | €21,940 | +€3,826 | +21.1% |
| Accrued charges and deferred income | 492/3 | €3,000 | €3,500 | +€500 | +16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,139 | €43,840 | +€1,701 | +4.0% |
| Other operating charges | 640/8 | €4,895 | €4,533 | -€363 | -7.4% |
| Gross operating margin | 9900 | €115,868 | €72,528 | -€43,341 | -37.4% |
| Operating profit (loss) | 9901 | €68,833 | €24,155 | -€44,679 | -64.9% |
| Financial income | 75/76B | €2 | €130 | +€127 | +5,134% |
| Recurring financial income | 75 | €2 | €130 | +€127 | +5,134% |
| Financial charges | 65/66B | €18,396 | €17,837 | -€559 | -3.0% |
| Recurring financial charges | 65 | €18,396 | €17,837 | -€559 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €50,440 | €6,448 | -€43,992 | -87.2% |
| Income taxes | 67/77 | €214 | €3,500 | +€3,286 | +1,538% |
| Profit (loss) for the period | 9904 | €50,226 | €2,948 | -€47,278 | -94.1% |
| Profit (loss) for the period to be appropriated | 9905 | €50,226 | €2,948 | -€47,278 | -94.1% |
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 27 October 2026 via checked.be.