J2 MUSIC: 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 MUSIC
Largest movements
- Receivables within one year +€32,973
up €32,973 (+107%), from €30,920 to €63,892
of which Trade receivables: +€40,848
- Tangible fixed assets -€11,206
down €11,206 (-7.2%), from €154,919 to €143,713
of which Land and buildings: -€7,082
- Stocks and contracts +€8,566
up €8,566 (+29.7%), from €28,816 to €37,381
- Tax, wage and social debts +€32,778
up €32,778 (+194%), from €16,898 to €49,676
of which Taxes: +€30,482
- Reserves +€24,893
up €24,893 (+107%), from €23,165 to €48,058
of which Distributable reserves: +€24,893
- Accrued charges and deferred income -€19,312
down €19,312 (-99.7%), from €19,362 to €50
- Trade debts -€17,610
down €17,610 (-56.3%), from €31,262 to €13,653
- Other debts +€16,341
new in 2025: €16,341
- Gross operating margin +€40,056
up €40,056 (+50.9%), from €78,704 to €118,760
- Taxes +€20,937
up €20,937 (+3,221%), from €650 to €21,587
- Staff costs +€4,179
up €4,179 (+13.9%), from €30,096 to €34,275
- Other operating charges +€1,754
up €1,754 (+61.0%), from €2,877 to €4,632
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 | €241,502 | €270,386 | +€28,884 | +12.0% |
| Fixed assets | 21/28 | €154,919 | €143,713 | -€11,206 | -7.2% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €154,919 | €143,713 | -€11,206 | -7.2% |
| Land and buildings | 22 | €137,691 | €130,608 | -€7,082 | -5.1% |
| Plant, machinery and equipment | 23 | €2,566 | €442 | -€2,123 | -82.8% |
| Furniture and vehicles | 24 | €5,485 | €3,496 | -€1,989 | -36.3% |
| Other tangible fixed assets | 26 | €9,177 | €9,166 | -€11 | -0.1% |
| Current assets | 29/58 | €86,583 | €126,673 | +€40,090 | +46.3% |
| Stocks and contracts in progress | 3 | €28,816 | €37,381 | +€8,566 | +29.7% |
| Stocks | 30/36 | €28,816 | €37,381 | +€8,566 | +29.7% |
| Amounts receivable within one year | 40/41 | €30,920 | €63,892 | +€32,973 | +107% |
| Trade receivables | 40 | €735 | €41,583 | +€40,848 | +5,558% |
| Other amounts receivable | 41 | €30,185 | €22,309 | -€7,875 | -26.1% |
| Cash at bank and in hand | 54/58 | €24,346 | €23,233 | -€1,112 | -4.6% |
| Deferred charges and accrued income | 490/1 | €2,502 | €2,166 | -€336 | -13.4% |
| Total equity and liabilities | 10/49 | €241,502 | €270,386 | +€28,884 | +12.0% |
| Equity | 10/15 | €35,765 | €60,658 | +€24,893 | +69.6% |
| Contributions | 10/11 | €12,600 | €12,600 | = | 0.0% |
| Reserves | 13 | €23,165 | €48,058 | +€24,893 | +107% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €21,305 | €46,198 | +€24,893 | +117% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €205,737 | €209,728 | +€3,991 | +1.9% |
| Amounts payable after more than one year | 17 | €130,009 | €121,647 | -€8,362 | -6.4% |
| Financial debts | 170/4 | €130,009 | €121,647 | -€8,362 | -6.4% |
| Amounts payable within one year | 42/48 | €56,366 | €88,031 | +€31,665 | +56.2% |
| Current portion of amounts payable after more than one year | 42 | €8,206 | €8,362 | +€156 | +1.9% |
| Trade debts | 44 | €31,262 | €13,653 | -€17,610 | -56.3% |
| Suppliers | 440/4 | €31,262 | €13,653 | -€17,610 | -56.3% |
| Taxes, remuneration and social security | 45 | €16,898 | €49,676 | +€32,778 | +194% |
| Taxes | 450/3 | €9,988 | €40,471 | +€30,482 | +305% |
| Remuneration and social security | 454/9 | €6,910 | €9,205 | +€2,295 | +33.2% |
| Other amounts payable | 47/48 | - | €16,341 | +€16,341 | |
| Accrued charges and deferred income | 492/3 | €19,362 | €50 | -€19,312 | -99.7% |
| Non-recurring operating income | 76A | €4,170 | €0 | -€4,170 | -100% |
| Remuneration, social security and pensions | 62 | €30,096 | €34,275 | +€4,179 | +13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,873 | €10,873 | -€1,000 | -8.4% |
| Other operating charges | 640/8 | €2,877 | €4,632 | +€1,754 | +61.0% |
| Non-recurring operating charges | 66A | €200 | €1,849 | +€1,649 | +824% |
| Gross operating margin | 9900 | €78,704 | €118,760 | +€40,056 | +50.9% |
| Operating profit (loss) | 9901 | €33,657 | €67,131 | +€33,474 | +99.5% |
| Financial income | 75/76B | €1,600 | €1,919 | +€319 | +19.9% |
| Recurring financial income | 75 | €1,600 | €1,919 | +€319 | +19.9% |
| Financial charges | 65/66B | €6,393 | €6,228 | -€164 | -2.6% |
| Recurring financial charges | 65 | €6,393 | €6,228 | -€164 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | €28,864 | €62,821 | +€33,957 | +118% |
| Income taxes | 67/77 | €650 | €21,587 | +€20,937 | +3,221% |
| Profit (loss) for the period | 9904 | €28,214 | €41,234 | +€13,020 | +46.1% |
| Profit (loss) for the period to be appropriated | 9905 | €28,214 | €41,234 | +€13,020 | +46.1% |
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 28 October 2026 via checked.be.