J&R Partners: 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&R Partners
Largest movements
- Receivables within one year +€264,918
up €264,918 (+1,631%), from €16,246 to €281,164
of which Trade receivables: +€158,313
- Tangible fixed assets +€105,124
up €105,124 (+410%), from €25,616 to €130,739
of which Land and buildings: +€113,479
- Cash -€52,767
down €52,767 (-33.4%), from €158,117 to €105,350
mainly Receivables within one year (-€264,918) and Investment in fixed assets (net) (-€113,965)
- Deferred charges and accrued income -€13,390
down €13,390 (-100%), from €13,390 to €0
- Trade debts +€134,905
up €134,905 (+1,691%), from €7,979 to €142,884
- Debts after one year +€78,123
up €78,123 (+901%), from €8,670 to €86,793
- Reserves +€74,224
up €74,224 (+55.5%), from €133,678 to €207,902
- Current portion of long-term debt +€20,493
up €20,493 (+268%), from €7,633 to €28,127
- Advances received -€14,399
down €14,399 (-96.4%), from €14,944 to €545
- Gross operating margin -€9,348
down €9,348 (-8.5%), from €110,109 to €100,760
- Financial income +€3,605
new in 2025: €3,605
- Taxes -€1,361
down €1,361 (-6.5%), from €20,812 to €19,450
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 | €213,369 | €517,253 | +€303,884 | +142% |
| Fixed assets | 21/28 | €25,616 | €130,739 | +€105,124 | +410% |
| Tangible fixed assets | 22/27 | €25,616 | €130,739 | +€105,124 | +410% |
| Land and buildings | 22 | - | €113,479 | +€113,479 | |
| Furniture and vehicles | 24 | €25,616 | €17,260 | -€8,355 | -32.6% |
| Current assets | 29/58 | €187,754 | €386,514 | +€198,761 | +106% |
| Amounts receivable within one year | 40/41 | €16,246 | €281,164 | +€264,918 | +1,631% |
| Trade receivables | 40 | €16,246 | €174,559 | +€158,313 | +974% |
| Other amounts receivable | 41 | - | €106,605 | +€106,605 | |
| Cash at bank and in hand | 54/58 | €158,117 | €105,350 | -€52,767 | -33.4% |
| Deferred charges and accrued income | 490/1 | €13,390 | €0 | -€13,390 | -100% |
| Total equity and liabilities | 10/49 | €213,369 | €517,253 | +€303,884 | +142% |
| Equity | 10/15 | €136,178 | €210,402 | +€74,224 | +54.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €133,678 | €207,902 | +€74,224 | +55.5% |
| Distributable reserves | 133 | €133,678 | €207,902 | +€74,224 | +55.5% |
| Amounts payable | 17/49 | €77,191 | €306,852 | +€229,661 | +298% |
| Amounts payable after more than one year | 17 | €8,670 | €86,793 | +€78,123 | +901% |
| Financial debts | 170/4 | €8,670 | €86,793 | +€78,123 | +901% |
| Amounts payable within one year | 42/48 | €68,521 | €220,059 | +€151,538 | +221% |
| Current portion of amounts payable after more than one year | 42 | €7,633 | €28,127 | +€20,493 | +268% |
| Trade debts | 44 | €7,979 | €142,884 | +€134,905 | +1,691% |
| Suppliers | 440/4 | €7,979 | €142,884 | +€134,905 | +1,691% |
| Advances received on contracts in progress | 46 | €14,944 | €545 | -€14,399 | -96.4% |
| Taxes, remuneration and social security | 45 | €36,620 | €47,868 | +€11,248 | +30.7% |
| Taxes | 450/3 | €36,620 | €47,768 | +€11,148 | +30.4% |
| Remuneration and social security | 454/9 | - | €100 | +€100 | |
| Other amounts payable | 47/48 | €1,345 | €635 | -€710 | -52.8% |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Non-recurring operating income | 76A | - | €12 | +€12 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,355 | €8,842 | +€486 | +5.8% |
| Other operating charges | 640/8 | €214 | €602 | +€388 | +181% |
| Non-recurring operating charges | 66A | - | €9 | +€9 | |
| Gross operating margin | 9900 | €110,109 | €100,760 | -€9,348 | -8.5% |
| Operating profit (loss) | 9901 | €101,539 | €91,307 | -€10,232 | -10.1% |
| Financial income | 75/76B | - | €3,605 | +€3,605 | |
| Recurring financial income | 75 | - | €3,605 | +€3,605 | |
| Financial charges | 65/66B | €1,317 | €1,238 | -€79 | -6.0% |
| Recurring financial charges | 65 | €1,315 | €1,238 | -€77 | -5.8% |
| Non-recurring financial charges | 66B | €2 | €0 | -€2 | -100% |
| Profit (loss) for the period before taxes | 9903 | €100,222 | €93,674 | -€6,548 | -6.5% |
| Income taxes | 67/77 | €20,812 | €19,450 | -€1,361 | -6.5% |
| Profit (loss) for the period | 9904 | €79,410 | €74,224 | -€5,187 | -6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €79,410 | €74,224 | -€5,187 | -6.5% |
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 26 October 2026 via checked.be.