J2: 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.
J2
Largest movements
- Receivables within one year -€1.2m
down €1.2m (-83.1%), from €1.5m to €252,299
of which Trade receivables: -€773,848
- Cash -€444,379
down €444,379 (-83.7%), from €530,918 to €86,539
mainly Trade debts (-€1.6m) and Tax, wage and social debts (-€121,102)
- Trade debts -€1.6m
down €1.6m (-97.6%), from €1.6m to €38,341
- Tax, wage and social debts -€121,102
down €121,102 (-100.0%), from €121,102 to €0
- Gross operating margin +€92,891
up €92,891 (+85.5%), from -€108,668 to -€15,777
- Financial income -€3,783
down €3,783 (-15.4%), from €24,577 to €20,793
- Other operating charges -€3,656
down €3,656 (-78.5%), from €4,654 to €998
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 | €2,070,606 | €399,421 | -€1.7m | -80.7% |
| Fixed assets | 21/28 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €2,070,606 | €399,421 | -€1.7m | -80.7% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €1,496,034 | €252,299 | -€1.2m | -83.1% |
| Trade receivables | 40 | €773,848 | €0 | -€773,848 | -100.0% |
| Other amounts receivable | 41 | €722,186 | €252,299 | -€469,887 | -65.1% |
| Cash at bank and in hand | 54/58 | €530,918 | €86,539 | -€444,379 | -83.7% |
| Deferred charges and accrued income | 490/1 | €43,654 | €60,583 | +€16,929 | +38.8% |
| Total equity and liabilities | 10/49 | €2,070,606 | €399,421 | -€1.7m | -80.7% |
| Equity | 10/15 | €357,272 | €361,079 | +€3,807 | +1.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €336,867 | €340,674 | +€3,807 | +1.1% |
| Amounts payable | 17/49 | €1,713,334 | €38,341 | -€1.7m | -97.8% |
| Amounts payable within one year | 42/48 | €1,713,334 | €38,341 | -€1.7m | -97.8% |
| Trade debts | 44 | €1,592,232 | €38,341 | -€1.6m | -97.6% |
| Suppliers | 440/4 | €1,592,232 | €38,341 | -€1.6m | -97.6% |
| Taxes, remuneration and social security | 45 | €121,102 | €0 | -€121,102 | -100.0% |
| Taxes | 450/3 | €121,102 | €0 | -€121,102 | -100.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Other operating charges | 640/8 | €4,654 | €998 | -€3,656 | -78.5% |
| Gross operating margin | 9900 | -€108,668 | -€15,777 | +€92,891 | +85.5% |
| Operating profit (loss) | 9901 | -€113,323 | -€16,776 | +€96,547 | +85.2% |
| Financial income | 75/76B | €24,577 | €20,793 | -€3,783 | -15.4% |
| Recurring financial income | 75 | €24,577 | €20,793 | -€3,783 | -15.4% |
| Financial charges | 65/66B | €956 | €211 | -€746 | -78.0% |
| Recurring financial charges | 65 | €956 | €211 | -€746 | -78.0% |
| Profit (loss) for the period before taxes | 9903 | -€89,702 | €3,807 | +€93,509 | |
| Income taxes | 67/77 | -€186 | €0 | +€186 | |
| Profit (loss) for the period | 9904 | -€89,516 | €3,807 | +€93,323 | |
| Profit (loss) for the period to be appropriated | 9905 | -€89,516 | €3,807 | +€93,323 |
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 11 October 2026 via checked.be.