J&J PROJECT: what changed
J&J PROJECT
Largest movements
- Receivables within one year +€51,358
up €51,358 (+116%), from €44,413 to €95,771
of which Trade receivables: +€51,190
- Cash +€32,405
up €32,405 (+64.1%), from €50,534 to €82,938
mainly Net result for the year (+€104,074) and Depreciation (+€23,646)
- Tangible fixed assets -€14,763
down €14,763 (-18.3%), from €80,835 to €66,072
of which Furniture and vehicles: -€12,226
- Reserves +€102,074
up €102,074 (+83.9%), from €121,596 to €223,671
- Other debts -€19,811
down €19,811 (-16.2%), from €122,280 to €102,469
- Tax, wage and social debts -€10,697
down €10,697 (-25.8%), from €41,405 to €30,708
- Gross operating margin +€14,290
up €14,290 (+8.5%), from €168,964 to €183,254
- Taxes +€7,568
up €7,568 (+18.5%), from €40,830 to €48,398
- Financial charges +€2,800
up €2,800 (+86.2%), from €3,249 to €6,049
- Depreciation +€2,517
up €2,517 (+11.9%), from €21,130 to €23,646
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €315,732 | €388,134 | +€72,402 | +22.9% |
| Fixed assets | 21/28 | €83,601 | €68,438 | -€15,162 | -18.1% |
| Intangible fixed assets | 21 | €1,505 | €1,106 | -€399 | -26.5% |
| Tangible fixed assets | 22/27 | €80,835 | €66,072 | -€14,763 | -18.3% |
| Plant, machinery and equipment | 23 | €35,589 | €33,052 | -€2,537 | -7.1% |
| Furniture and vehicles | 24 | €45,246 | €33,020 | -€12,226 | -27.0% |
| Financial fixed assets | 28 | €1,260 | €1,260 | = | 0.0% |
| Current assets | 29/58 | €232,132 | €319,696 | +€87,564 | +37.7% |
| Stocks and contracts in progress | 3 | €133,035 | €135,982 | +€2,947 | +2.2% |
| Stocks | 30/36 | €133,035 | €135,982 | +€2,947 | +2.2% |
| Amounts receivable within one year | 40/41 | €44,413 | €95,771 | +€51,358 | +116% |
| Trade receivables | 40 | €35,254 | €86,444 | +€51,190 | +145% |
| Other amounts receivable | 41 | €9,158 | €9,326 | +€168 | +1.8% |
| Cash at bank and in hand | 54/58 | €50,534 | €82,938 | +€32,405 | +64.1% |
| Deferred charges and accrued income | 490/1 | €4,150 | €5,005 | +€855 | +20.6% |
| Total equity and liabilities | 10/49 | €315,732 | €388,134 | +€72,402 | +22.9% |
| Equity | 10/15 | €124,596 | €226,671 | +€102,074 | +81.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €121,596 | €223,671 | +€102,074 | +83.9% |
| Distributable reserves | 133 | €121,596 | €223,671 | +€102,074 | +83.9% |
| Amounts payable | 17/49 | €191,136 | €161,463 | -€29,673 | -15.5% |
| Amounts payable within one year | 42/48 | €189,558 | €156,460 | -€33,098 | -17.5% |
| Trade debts | 44 | €25,587 | €23,033 | -€2,554 | -10.0% |
| Suppliers | 440/4 | €25,587 | €23,033 | -€2,554 | -10.0% |
| Advances received on contracts in progress | 46 | €286 | €251 | -€36 | -12.4% |
| Taxes, remuneration and social security | 45 | €41,405 | €30,708 | -€10,697 | -25.8% |
| Taxes | 450/3 | €41,405 | €30,708 | -€10,697 | -25.8% |
| Other amounts payable | 47/48 | €122,280 | €102,469 | -€19,811 | -16.2% |
| Accrued charges and deferred income | 492/3 | €1,578 | €5,003 | +€3,425 | +217% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,130 | €23,646 | +€2,517 | +11.9% |
| Other operating charges | 640/8 | €1,487 | €1,319 | -€168 | -11.3% |
| Gross operating margin | 9900 | €168,964 | €183,254 | +€14,290 | +8.5% |
| Operating profit (loss) | 9901 | €146,347 | €158,289 | +€11,941 | +8.2% |
| Financial income | 75/76B | €439 | €233 | -€206 | -46.9% |
| Recurring financial income | 75 | €439 | €233 | -€206 | -46.9% |
| Financial charges | 65/66B | €3,249 | €6,049 | +€2,800 | +86.2% |
| Recurring financial charges | 65 | €3,249 | €6,049 | +€2,800 | +86.2% |
| Profit (loss) for the period before taxes | 9903 | €143,537 | €152,472 | +€8,935 | +6.2% |
| Income taxes | 67/77 | €40,830 | €48,398 | +€7,568 | +18.5% |
| Profit (loss) for the period | 9904 | €102,707 | €104,074 | +€1,367 | +1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €102,707 | €104,074 | +€1,367 | +1.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.