J-Square Development: 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-Square Development
Largest movements
- Stocks and contracts +€46,761
up €46,761 (+8.5%), from €548,264 to €595,025
- Cash -€8,325
down €8,325 (-98.7%), from €8,437 to €112
mainly Stocks and contracts (-€46,761) and Trade debts (-€6,875)
- Other debts +€41,947
up €41,947 (+126.7%), from €33,094 to €75,041
- Trade debts -€6,875
down €6,875 (-66.7%), from €10,308 to €3,433
- Gross operating margin -€27,557
down €27,557 (-72.9%), from €37,781 to €10,224
- Taxes -€4,275
down €4,275 (-60.6%), from €7,053 to €2,779
- Other operating charges -€1,052
down €1,052 (-47.5%), from €2,217 to €1,165
- Financial charges +€422
up €422 (+40.9%), from €1,032 to €1,454
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 | €562,846 | €603,897 | +€41,051 | +7.3% |
| Fixed assets | 21/28 | €746 | €133 | -€613 | -82.2% |
| Tangible fixed assets | 22/27 | €746 | €133 | -€613 | -82.2% |
| Plant, machinery and equipment | 23 | €746 | €133 | -€613 | -82.2% |
| Current assets | 29/58 | €562,100 | €603,764 | +€41,664 | +7.4% |
| Stocks and contracts in progress | 3 | €548,264 | €595,025 | +€46,761 | +8.5% |
| Stocks | 30/36 | €548,264 | €595,025 | +€46,761 | +8.5% |
| Amounts receivable within one year | 40/41 | €5,399 | €8,627 | +€3,228 | +59.8% |
| Trade receivables | 40 | €600 | €5,921 | +€5,321 | +887.3% |
| Other amounts receivable | 41 | €4,800 | €2,706 | -€2,093 | -43.6% |
| Cash at bank and in hand | 54/58 | €8,437 | €112 | -€8,325 | -98.7% |
| Total equity and liabilities | 10/49 | €562,846 | €603,897 | +€41,051 | +7.3% |
| Equity | 10/15 | €75,512 | €79,725 | +€4,213 | +5.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €72,512 | €76,725 | +€4,213 | +5.8% |
| Distributable reserves | 133 | €72,512 | €76,725 | +€4,213 | +5.8% |
| Amounts payable | 17/49 | €487,334 | €524,172 | +€36,838 | +7.6% |
| Amounts payable after more than one year | 17 | €442,610 | €442,610 | = | 0.0% |
| Financial debts | 170/4 | €442,610 | €442,610 | = | 0.0% |
| Amounts payable within one year | 42/48 | €44,724 | €81,561 | +€36,838 | +82.4% |
| Trade debts | 44 | €10,308 | €3,433 | -€6,875 | -66.7% |
| Suppliers | 440/4 | €10,308 | €3,433 | -€6,875 | -66.7% |
| Taxes, remuneration and social security | 45 | €1,321 | €3,087 | +€1,766 | +133.6% |
| Taxes | 450/3 | €1,321 | €3,087 | +€1,766 | +133.6% |
| Other amounts payable | 47/48 | €33,094 | €75,041 | +€41,947 | +126.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €613 | €613 | = | 0.0% |
| Other operating charges | 640/8 | €2,217 | €1,165 | -€1,052 | -47.5% |
| Gross operating margin | 9900 | €37,781 | €10,224 | -€27,557 | -72.9% |
| Operating profit (loss) | 9901 | €34,951 | €8,446 | -€26,505 | -75.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,032 | €1,454 | +€422 | +40.9% |
| Recurring financial charges | 65 | €1,032 | €1,454 | +€422 | +40.9% |
| Profit (loss) for the period before taxes | 9903 | €33,919 | €6,992 | -€26,927 | -79.4% |
| Income taxes | 67/77 | €7,053 | €2,779 | -€4,275 | -60.6% |
| Profit (loss) for the period | 9904 | €26,866 | €4,213 | -€22,652 | -84.3% |
| Profit (loss) for the period to be appropriated | 9905 | €26,866 | €4,213 | -€22,652 | -84.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.