J&J Projects: 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 Projects
Largest movements
- Cash +€48,062
up €48,062 (+107%), from €45,081 to €93,144
mainly Net result for the year (+€90,113) and Tax, wage and social debts (+€16,741)
- Receivables within one year +€47,069
up €47,069 (+978%), from €4,815 to €51,883
of which Other amounts receivable: +€47,050
- Tangible fixed assets -€13,987
down €13,987 (-25.0%), from €55,986 to €41,999
of which Leasing and similar rights: -€13,278
- Reserves +€71,432
up €71,432 (+48.4%), from €147,476 to €218,907
- Tax, wage and social debts +€16,741
up €16,741 (+1,051%), from €1,593 to €18,334
- Debts after one year -€8,996
down €8,996 (-6.6%), from €136,461 to €127,464
of which Financial debts: -€8,996
- Financial income +€49,933
new in 2025: €49,933
- Gross operating margin +€33,742
up €33,742 (+58.0%), from €58,185 to €91,927
- Taxes +€17,005
up €17,005 (+161%), from €10,574 to €27,579
- Financial charges -€1,290
down €1,290 (-12.8%), from €10,080 to €8,790
- Depreciation +€970
up €970 (+7.5%), from €13,017 to €13,987
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 | €307,882 | €389,401 | +€81,518 | +26.5% |
| Fixed assets | 21/28 | €257,986 | €243,999 | -€13,987 | -5.4% |
| Tangible fixed assets | 22/27 | €55,986 | €41,999 | -€13,987 | -25.0% |
| Plant, machinery and equipment | 23 | €754 | €289 | -€464 | -61.6% |
| Furniture and vehicles | 24 | €487 | €242 | -€244 | -50.2% |
| Leasing and similar rights | 25 | €54,746 | €41,467 | -€13,278 | -24.3% |
| Financial fixed assets | 28 | €202,000 | €202,000 | = | 0.0% |
| Current assets | 29/58 | €49,896 | €145,402 | +€95,505 | +191% |
| Amounts receivable within one year | 40/41 | €4,815 | €51,883 | +€47,069 | +978% |
| Trade receivables | 40 | €389 | €407 | +€18 | +4.7% |
| Other amounts receivable | 41 | €4,426 | €51,477 | +€47,050 | +1,063% |
| Cash at bank and in hand | 54/58 | €45,081 | €93,144 | +€48,062 | +107% |
| Deferred charges and accrued income | 490/1 | - | €375 | +€375 | |
| Total equity and liabilities | 10/49 | €307,882 | €389,401 | +€81,518 | +26.5% |
| Equity | 10/15 | €147,476 | €218,907 | +€71,432 | +48.4% |
| Reserves | 13 | €147,476 | €218,907 | +€71,432 | +48.4% |
| Distributable reserves | 133 | €147,476 | €218,907 | +€71,432 | +48.4% |
| Amounts payable | 17/49 | €160,407 | €170,493 | +€10,087 | +6.3% |
| Amounts payable after more than one year | 17 | €136,461 | €127,464 | -€8,996 | -6.6% |
| Financial debts | 170/4 | €31,461 | €22,464 | -€8,996 | -28.6% |
| Other amounts payable | 178/9 | €105,000 | €105,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €15,397 | €35,467 | +€20,070 | +130% |
| Current portion of amounts payable after more than one year | 42 | €8,680 | €8,996 | +€316 | +3.6% |
| Trade debts | 44 | €291 | €2,799 | +€2,507 | +861% |
| Suppliers | 440/4 | €291 | €2,799 | +€2,507 | +861% |
| Taxes, remuneration and social security | 45 | €1,593 | €18,334 | +€16,741 | +1,051% |
| Taxes | 450/3 | €1,593 | €18,334 | +€16,741 | +1,051% |
| Other amounts payable | 47/48 | €4,833 | €5,338 | +€505 | +10.4% |
| Accrued charges and deferred income | 492/3 | €8,549 | €7,562 | -€987 | -11.5% |
| Non-recurring operating income | 76A | €27,424 | - | -€27,424 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,017 | €13,987 | +€970 | +7.5% |
| Other operating charges | 640/8 | €1,233 | €1,392 | +€159 | +12.9% |
| Gross operating margin | 9900 | €58,185 | €91,927 | +€33,742 | +58.0% |
| Operating profit (loss) | 9901 | €43,935 | €76,548 | +€32,613 | +74.2% |
| Financial income | 75/76B | - | €49,933 | +€49,933 | |
| Recurring financial income | 75 | - | €49,933 | +€49,933 | |
| Financial charges | 65/66B | €10,080 | €8,790 | -€1,290 | -12.8% |
| Recurring financial charges | 65 | €10,080 | €8,790 | -€1,290 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €33,855 | €117,691 | +€83,837 | +248% |
| Income taxes | 67/77 | €10,574 | €27,579 | +€17,005 | +161% |
| Profit (loss) for the period | 9904 | €23,281 | €90,113 | +€66,831 | +287% |
| Profit (loss) for the period to be appropriated | 9905 | €23,281 | €90,113 | +€66,831 | +287% |
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 16 October 2026 via checked.be.