J-Mgnt: what changed
Two fiscal 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-Mgnt
Largest movements
- Financial fixed assets +€164,556
up €164,556 (+156.6%), from €105,049 to €269,605
- Cash +€62,779
up €62,779 (+146.7%), from €42,784 to €105,563
mainly Net result for the year (+€144,862) and Tax, wage and social debts (+€61,631)
- Receivables within one year -€29,480
down €29,480 (-13.4%), from €220,728 to €191,248
of which Other amounts receivable: -€30,085
- Reserves +€144,862
new in 2025: €144,862
- Tax, wage and social debts +€61,631
up €61,631 (+74.7%), from €82,535 to €144,166
- Other debts -€6,354
down €6,354 (-32.0%), from €19,842 to €13,488
- Gross operating margin -€136,553
down €136,553 (-40.3%), from €339,073 to €202,520
- Taxes -€19,069
down €19,069 (-23.7%), from €80,500 to €61,431
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.
Cash bridge derived
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 | €369,228 | €568,386 | +€199,158 | +53.9% |
| Fixed assets | 21/28 | €105,049 | €269,605 | +€164,556 | +156.6% |
| Financial fixed assets | 28 | €105,049 | €269,605 | +€164,556 | +156.6% |
| Current assets | 29/58 | €264,180 | €298,781 | +€34,602 | +13.1% |
| Amounts receivable within one year | 40/41 | €220,728 | €191,248 | -€29,480 | -13.4% |
| Trade receivables | 40 | €5,143 | €5,748 | +€605 | +11.8% |
| Other amounts receivable | 41 | €215,585 | €185,500 | -€30,085 | -14.0% |
| Cash at bank and in hand | 54/58 | €42,784 | €105,563 | +€62,779 | +146.7% |
| Deferred charges and accrued income | 490/1 | €668 | €1,971 | +€1,303 | +195.1% |
| Total equity and liabilities | 10/49 | €369,228 | €568,386 | +€199,158 | +53.9% |
| Equity | 10/15 | €263,038 | €407,901 | +€144,862 | +55.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €144,862 | +€144,862 | |
| Distributable reserves | 133 | - | €144,862 | +€144,862 | |
| Profit (loss) carried forward | 14 | €260,038 | €260,038 | = | 0.0% |
| Amounts payable | 17/49 | €106,190 | €160,485 | +€54,295 | +51.1% |
| Amounts payable within one year | 42/48 | €106,190 | €160,485 | +€54,295 | +51.1% |
| Trade debts | 44 | €3,813 | €2,831 | -€982 | -25.7% |
| Suppliers | 440/4 | €3,813 | €2,831 | -€982 | -25.7% |
| Taxes, remuneration and social security | 45 | €82,535 | €144,166 | +€61,631 | +74.7% |
| Taxes | 450/3 | €82,535 | €144,166 | +€61,631 | +74.7% |
| Other amounts payable | 47/48 | €19,842 | €13,488 | -€6,354 | -32.0% |
| Other operating charges | 640/8 | €149 | €729 | +€580 | +389.7% |
| Gross operating margin | 9900 | €339,073 | €202,520 | -€136,553 | -40.3% |
| Operating profit (loss) | 9901 | €338,924 | €201,791 | -€137,133 | -40.5% |
| Financial income | 75/76B | €1,715 | €4,556 | +€2,841 | +165.6% |
| Recurring financial income | 75 | €1,715 | €4,556 | +€2,841 | +165.6% |
| Financial charges | 65/66B | €101 | €54 | -€47 | -46.7% |
| Recurring financial charges | 65 | €101 | €54 | -€47 | -46.7% |
| Profit (loss) for the period before taxes | 9903 | €340,538 | €206,294 | -€134,245 | -39.4% |
| Income taxes | 67/77 | €80,500 | €61,431 | -€19,069 | -23.7% |
| Profit (loss) for the period | 9904 | €260,038 | €144,862 | -€115,176 | -44.3% |
| Profit (loss) for the period to be appropriated | 9905 | €260,038 | €144,862 | -€115,176 | -44.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.