J2EF: 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.
J2EF
Largest movements
- Current investments +€70,634
up €70,634 (+785%), from €9,000 to €79,634
- Cash -€63,719
down €63,719 (-88.6%), from €71,888 to €8,168
mainly Current investments (-€70,634) and Receivables within one year (-€4,527)
- Receivables within one year +€4,527
up €4,527 (+72.9%), from €6,209 to €10,736
of which Trade receivables: +€3,799
- Intangible fixed assets +€1,161
new in 2025: €1,161
- Reserves +€12,345
up €12,345 (+39.9%), from €30,907 to €43,252
of which Distributable reserves: +€12,345
- Trade debts +€1,376
up €1,376 (+31.7%), from €4,341 to €5,717
- Tax, wage and social debts -€1,059
down €1,059 (-41.9%), from €2,528 to €1,469
- Gross operating margin -€1,016
down €1,016 (-5.3%), from €19,215 to €18,199
- Taxes -€655
down €655 (-10.3%), from €6,329 to €5,674
- Depreciation +€539
new in 2025: €539
- Financial charges +€412
up €412 (+1,056%), from €39 to €451
- Other operating charges -€223
down €223 (-29.7%), from €750 to €528
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 | €87,776 | €100,438 | +€12,662 | +14.4% |
| Fixed assets | 21/28 | - | €1,161 | +€1,161 | |
| Intangible fixed assets | 21 | - | €1,161 | +€1,161 | |
| Current assets | 29/58 | €87,776 | €99,278 | +€11,501 | +13.1% |
| Amounts receivable within one year | 40/41 | €6,209 | €10,736 | +€4,527 | +72.9% |
| Trade receivables | 40 | €6,209 | €10,008 | +€3,799 | +61.2% |
| Other amounts receivable | 41 | - | €727 | +€727 | |
| Current investments | 50/53 | €9,000 | €79,634 | +€70,634 | +785% |
| Cash at bank and in hand | 54/58 | €71,888 | €8,168 | -€63,719 | -88.6% |
| Deferred charges and accrued income | 490/1 | €679 | €739 | +€60 | +8.8% |
| Total equity and liabilities | 10/49 | €87,776 | €100,438 | +€12,662 | +14.4% |
| Equity | 10/15 | €80,907 | €93,252 | +€12,345 | +15.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Contributions outside capital | 11 | €50,000 | €50,000 | = | 0.0% |
| Other | 1109/19 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €30,907 | €43,252 | +€12,345 | +39.9% |
| 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 | €29,047 | €41,392 | +€12,345 | +42.5% |
| Amounts payable | 17/49 | €6,869 | €7,186 | +€317 | +4.6% |
| Amounts payable within one year | 42/48 | €6,869 | €7,186 | +€317 | +4.6% |
| Trade debts | 44 | €4,341 | €5,717 | +€1,376 | +31.7% |
| Suppliers | 440/4 | €4,341 | €5,717 | +€1,376 | +31.7% |
| Taxes, remuneration and social security | 45 | €2,528 | €1,469 | -€1,059 | -41.9% |
| Taxes | 450/3 | €2,528 | €1,469 | -€1,059 | -41.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €539 | +€539 | |
| Other operating charges | 640/8 | €750 | €528 | -€223 | -29.7% |
| Gross operating margin | 9900 | €19,215 | €18,199 | -€1,016 | -5.3% |
| Operating profit (loss) | 9901 | €18,465 | €17,132 | -€1,332 | -7.2% |
| Financial income | 75/76B | €1,185 | €1,339 | +€154 | +13.0% |
| Recurring financial income | 75 | €1,185 | €1,339 | +€154 | +13.0% |
| Financial charges | 65/66B | €39 | €451 | +€412 | +1,056% |
| Recurring financial charges | 65 | €39 | €451 | +€412 | +1,056% |
| Profit (loss) for the period before taxes | 9903 | €19,610 | €18,019 | -€1,591 | -8.1% |
| Income taxes | 67/77 | €6,329 | €5,674 | -€655 | -10.3% |
| Profit (loss) for the period | 9904 | €13,281 | €12,345 | -€936 | -7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,281 | €12,345 | -€936 | -7.0% |
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 18 October 2026 via checked.be.