J & R: 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 & R
Largest movements
- Stocks and contracts +€16,110
up €16,110 (+1809.6%), from €890 to €17,000
- Tangible fixed assets -€6,961
down €6,961 (-4.8%), from €144,363 to €137,402
of which Land and buildings: -€5,851
- Cash -€2,057
down €2,057 (-45.9%), from €4,480 to €2,423
mainly Stocks and contracts (-€16,110) and Receivables within one year (-€1,299)
- Reserves +€80,973
up €80,973 (+1167.9%), from €6,933 to €87,906
of which Distributable reserves: +€82,833
- Profit (loss) carried forward -€77,161
down €77,161 (-100.0%), from €77,161 to €0
- Tax, wage and social debts +€2,210
up €2,210 (+110.0%), from €2,009 to €4,218
- Provisions +€2,000
new in 2025: €2,000
- Gross operating margin -€16,575
down €16,575 (-39.5%), from €41,954 to €25,379
- Taxes -€6,310
down €6,310 (-51.6%), from €12,230 to €5,920
- Provisions +€2,000
new in 2025: €2,000
- Other operating charges +€1,607
up €1,607 (+59.1%), from €2,720 to €4,327
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 | €156,286 | €164,724 | +€8,438 | +5.4% |
| Fixed assets | 21/28 | €144,363 | €137,402 | -€6,961 | -4.8% |
| Tangible fixed assets | 22/27 | €144,363 | €137,402 | -€6,961 | -4.8% |
| Land and buildings | 22 | €143,253 | €137,402 | -€5,851 | -4.1% |
| Furniture and vehicles | 24 | €1,110 | €0 | -€1,110 | -100.0% |
| Current assets | 29/58 | €11,924 | €27,322 | +€15,399 | +129.1% |
| Stocks and contracts in progress | 3 | €890 | €17,000 | +€16,110 | +1809.6% |
| Stocks | 30/36 | €890 | €17,000 | +€16,110 | +1809.6% |
| Amounts receivable within one year | 40/41 | €5,289 | €6,587 | +€1,299 | +24.6% |
| Trade receivables | 40 | €5,134 | €6,587 | +€1,454 | +28.3% |
| Other amounts receivable | 41 | €155 | €0 | -€155 | -100.0% |
| Cash at bank and in hand | 54/58 | €4,480 | €2,423 | -€2,057 | -45.9% |
| Deferred charges and accrued income | 490/1 | €1,265 | €1,312 | +€47 | +3.7% |
| Total equity and liabilities | 10/49 | €156,286 | €164,724 | +€8,438 | +5.4% |
| Equity | 10/15 | €102,694 | €106,506 | +€3,812 | +3.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,933 | €87,906 | +€80,973 | +1167.9% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €5,073 | €87,906 | +€82,833 | +1632.8% |
| Profit (loss) carried forward | 14 | €77,161 | €0 | -€77,161 | -100.0% |
| Provisions and deferred taxes | 16 | - | €2,000 | +€2,000 | |
| Provisions for liabilities and charges | 160/5 | - | €2,000 | +€2,000 | |
| Other liabilities and charges | 164/5 | - | €2,000 | +€2,000 | |
| Amounts payable | 17/49 | €53,592 | €56,217 | +€2,625 | +4.9% |
| Amounts payable after more than one year | 17 | €21,391 | €20,807 | -€585 | -2.7% |
| Financial debts | 170/4 | €21,391 | €10,307 | -€11,085 | -51.8% |
| Other amounts payable | 178/9 | - | €10,500 | +€10,500 | |
| Amounts payable within one year | 42/48 | €32,201 | €35,411 | +€3,210 | +10.0% |
| Current portion of amounts payable after more than one year | 42 | €17,609 | €17,437 | -€172 | -1.0% |
| Trade debts | 44 | €833 | €1,558 | +€725 | +87.1% |
| Suppliers | 440/4 | €833 | €1,558 | +€725 | +87.1% |
| Taxes, remuneration and social security | 45 | €2,009 | €4,218 | +€2,210 | +110.0% |
| Taxes | 450/3 | €2,009 | €4,218 | +€2,210 | +110.0% |
| Other amounts payable | 47/48 | €11,751 | €12,198 | +€447 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,591 | €6,961 | +€370 | +5.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €2,000 | +€2,000 | |
| Other operating charges | 640/8 | €2,720 | €4,327 | +€1,607 | +59.1% |
| Non-recurring operating charges | 66A | €28,000 | €0 | -€28,000 | -100.0% |
| Gross operating margin | 9900 | €41,954 | €25,379 | -€16,575 | -39.5% |
| Operating profit (loss) | 9901 | €4,642 | €12,091 | +€7,448 | +160.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -59.4% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -59.4% |
| Financial charges | 65/66B | €2,015 | €2,358 | +€343 | +17.0% |
| Recurring financial charges | 65 | €2,015 | €2,358 | +€343 | +17.0% |
| Profit (loss) for the period before taxes | 9903 | €2,628 | €9,733 | +€7,105 | +270.3% |
| Income taxes | 67/77 | €12,230 | €5,920 | -€6,310 | -51.6% |
| Profit (loss) for the period | 9904 | -€9,602 | €3,812 | +€13,414 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,602 | €3,812 | +€13,414 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.