J-TRADE: 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-TRADE
Largest movements
- Tangible fixed assets +€29,563
up €29,563 (+150%), from €19,762 to €49,325
of which Other tangible fixed assets: +€40,302
- Cash -€21,481
down €21,481 (-31.6%), from €67,952 to €46,470
mainly Investment in fixed assets (net) (-€41,456) and Receivables within one year (-€5,469)
- Receivables within one year +€5,469
up €5,469 (+57.4%), from €9,525 to €14,994
of which Trade receivables: +€3,076
- Other debts +€10,615
up €10,615 (+689%), from €1,540 to €12,155
- Profit (loss) carried forward +€5,373
up €5,373 (+2.1%), from -€258,121 to -€252,748
- Tax, wage and social debts -€2,089
down €2,089 (-80.8%), from €2,584 to €495
- Gross operating margin +€15,197
up €15,197 (+198%), from €7,675 to €22,872
- Financial charges -€883
down €883 (-20.5%), from €4,303 to €3,420
- Other operating charges +€741
up €741 (+73.4%), from €1,009 to €1,750
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 | €98,957 | €111,801 | +€12,844 | +13.0% |
| Fixed assets | 21/28 | €19,762 | €49,325 | +€29,563 | +150% |
| Tangible fixed assets | 22/27 | €19,762 | €49,325 | +€29,563 | +150% |
| Plant, machinery and equipment | 23 | €916 | €803 | -€114 | -12.4% |
| Furniture and vehicles | 24 | €15,004 | €4,379 | -€10,626 | -70.8% |
| Other tangible fixed assets | 26 | €3,842 | €44,144 | +€40,302 | +1,049% |
| Current assets | 29/58 | €79,194 | €62,475 | -€16,719 | -21.1% |
| Amounts receivable within one year | 40/41 | €9,525 | €14,994 | +€5,469 | +57.4% |
| Trade receivables | 40 | €9,519 | €12,595 | +€3,076 | +32.3% |
| Other amounts receivable | 41 | €6 | €2,399 | +€2,393 | +41,405% |
| Cash at bank and in hand | 54/58 | €67,952 | €46,470 | -€21,481 | -31.6% |
| Deferred charges and accrued income | 490/1 | €1,718 | €1,011 | -€707 | -41.2% |
| Total equity and liabilities | 10/49 | €98,957 | €111,801 | +€12,844 | +13.0% |
| Equity | 10/15 | -€238,121 | -€232,748 | +€5,373 | +2.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€258,121 | -€252,748 | +€5,373 | +2.1% |
| Amounts payable | 17/49 | €337,078 | €344,549 | +€7,471 | +2.2% |
| Amounts payable after more than one year | 17 | €330,000 | €330,000 | = | 0.0% |
| Financial debts | 170/4 | €330,000 | €330,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €7,078 | €14,549 | +€7,471 | +106% |
| Trade debts | 44 | €2,954 | €1,899 | -€1,055 | -35.7% |
| Suppliers | 440/4 | €2,954 | €1,899 | -€1,055 | -35.7% |
| Taxes, remuneration and social security | 45 | €2,584 | €495 | -€2,089 | -80.8% |
| Taxes | 450/3 | €2,584 | €495 | -€2,089 | -80.8% |
| Other amounts payable | 47/48 | €1,540 | €12,155 | +€10,615 | +689% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,729 | €11,893 | +€165 | +1.4% |
| Other operating charges | 640/8 | €1,009 | €1,750 | +€741 | +73.4% |
| Gross operating margin | 9900 | €7,675 | €22,872 | +€15,197 | +198% |
| Operating profit (loss) | 9901 | -€5,063 | €9,229 | +€14,292 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €4,303 | €3,420 | -€883 | -20.5% |
| Recurring financial charges | 65 | €4,303 | €3,420 | -€883 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | -€9,366 | €5,808 | +€15,174 | |
| Income taxes | 67/77 | €495 | €435 | -€60 | -12.1% |
| Profit (loss) for the period | 9904 | -€9,861 | €5,373 | +€15,234 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,861 | €5,373 | +€15,234 |
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 30 October 2026 via checked.be.