J.R TRADITION: 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 TRADITION
Largest movements
- Cash +€9,177
up €9,177 (+251%), from €3,661 to €12,838
mainly Trade debts (+€38,612) and Tax, wage and social debts (+€10,116)
- Stocks and contracts +€7,354
up €7,354 (+84.5%), from €8,708 to €16,062
- Receivables within one year +€2,710
up €2,710 (+16.3%), from €16,588 to €19,298
of which Trade receivables: +€7,090
- Tangible fixed assets -€1,022
down €1,022 (-61.9%), from €1,650 to €628
of which Furniture and vehicles: -€795
- Trade debts +€38,612
up €38,612 (+69.7%), from €55,403 to €94,015
- Profit (loss) carried forward -€32,325
down €32,325 (-46.2%), from -€69,910 to -€102,235
- Tax, wage and social debts +€10,116
up €10,116 (+41.9%), from €24,158 to €34,273
of which Remuneration and social security: +€9,259
- Other debts +€2,802
up €2,802 (+27.0%), from €10,393 to €13,196
- Current portion of long-term debt -€1,506
down €1,506 (-52.8%), from €2,855 to €1,349
- Staff costs +€32,570
up €32,570 (+15.7%), from €207,852 to €240,422
- Gross operating margin +€3,972
up €3,972 (+1.8%), from €221,389 to €225,361
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €40,908 | €58,608 | +€17,700 | +43.3% |
| Fixed assets | 21/28 | €8,212 | €7,210 | -€1,003 | -12.2% |
| Tangible fixed assets | 22/27 | €1,650 | €628 | -€1,022 | -61.9% |
| Furniture and vehicles | 24 | €1,215 | €420 | -€795 | -65.4% |
| Other tangible fixed assets | 26 | €435 | €208 | -€227 | -52.2% |
| Financial fixed assets | 28 | €6,562 | €6,581 | +€19 | +0.3% |
| Current assets | 29/58 | €32,696 | €51,398 | +€18,702 | +57.2% |
| Stocks and contracts in progress | 3 | €8,708 | €16,062 | +€7,354 | +84.5% |
| Stocks | 30/36 | €8,708 | €16,062 | +€7,354 | +84.5% |
| Amounts receivable within one year | 40/41 | €16,588 | €19,298 | +€2,710 | +16.3% |
| Trade receivables | 40 | €12,208 | €19,298 | +€7,090 | +58.1% |
| Other amounts receivable | 41 | €4,380 | - | -€4,380 | |
| Cash at bank and in hand | 54/58 | €3,661 | €12,838 | +€9,177 | +251% |
| Deferred charges and accrued income | 490/1 | €3,738 | €3,201 | -€538 | -14.4% |
| Total equity and liabilities | 10/49 | €40,908 | €58,608 | +€17,700 | +43.3% |
| Equity | 10/15 | -€54,900 | -€87,225 | -€32,325 | -58.9% |
| Contributions | 10/11 | €14,750 | €14,750 | = | 0.0% |
| Reserves | 13 | €260 | €260 | = | 0.0% |
| Non-distributable reserves | 130/1 | €260 | €260 | = | 0.0% |
| Reserves not available under the articles | 1311 | €260 | €260 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€69,910 | -€102,235 | -€32,325 | -46.2% |
| Amounts payable | 17/49 | €95,809 | €145,833 | +€50,025 | +52.2% |
| Amounts payable within one year | 42/48 | €92,809 | €142,833 | +€50,025 | +53.9% |
| Current portion of amounts payable after more than one year | 42 | €2,855 | €1,349 | -€1,506 | -52.8% |
| Trade debts | 44 | €55,403 | €94,015 | +€38,612 | +69.7% |
| Suppliers | 440/4 | €55,403 | €94,015 | +€38,612 | +69.7% |
| Taxes, remuneration and social security | 45 | €24,158 | €34,273 | +€10,116 | +41.9% |
| Taxes | 450/3 | €8,267 | €9,124 | +€857 | +10.4% |
| Remuneration and social security | 454/9 | €15,891 | €25,149 | +€9,259 | +58.3% |
| Other amounts payable | 47/48 | €10,393 | €13,196 | +€2,802 | +27.0% |
| Accrued charges and deferred income | 492/3 | €3,000 | €3,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €207,852 | €240,422 | +€32,570 | +15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,878 | €1,022 | -€856 | -45.6% |
| Other operating charges | 640/8 | €7,146 | €6,366 | -€780 | -10.9% |
| Non-recurring operating charges | 66A | - | €4,380 | +€4,380 | |
| Gross operating margin | 9900 | €221,389 | €225,361 | +€3,972 | +1.8% |
| Operating profit (loss) | 9901 | €4,514 | -€26,829 | -€31,343 | |
| Financial income | 75/76B | €52 | €24 | -€28 | -54.7% |
| Recurring financial income | 75 | €52 | €24 | -€28 | -54.7% |
| Financial charges | 65/66B | €5,219 | €5,516 | +€296 | +5.7% |
| Recurring financial charges | 65 | €5,219 | €5,516 | +€296 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | -€654 | -€32,322 | -€31,668 | -4,844% |
| Income taxes | 67/77 | -€318 | €3 | +€321 | |
| Profit (loss) for the period | 9904 | -€336 | -€32,325 | -€31,989 | -9,522% |
| Profit (loss) for the period to be appropriated | 9905 | -€336 | -€32,325 | -€31,989 | -9,522% |
Source: filed annual accounts (NBB), financial years ended 28 February 2025 and 28 February 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.