J2R2: 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.
J2R2
Largest movements
- Cash +€102,173
up €102,173 (+723.7%), from €14,119 to €116,292
mainly Net result for the year (+€141,305) and Receivables within one year (+€80,020)
- Receivables within one year -€80,020
down €80,020 (-13.7%), from €582,611 to €502,591
of which Trade receivables: -€94,633
- Other debts +€45,000
up €45,000 (+24.1%), from €187,000 to €232,000
- Trade debts -€23,794
down €23,794 (-14.8%), from €160,489 to €136,696
- Tax, wage and social debts -€6,408
down €6,408 (-21.8%), from €29,365 to €22,957
- Gross operating margin +€46,003
up €46,003 (+46.4%), from €99,122 to €145,125
- Financial charges +€5,689
up €5,689 (+2168.3%), from €262 to €5,952
of which Non-recurring financial charges: +€5,550
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €606,375 | €622,478 | +€16,103 | +2.7% |
| Fixed assets | 21/28 | €9,645 | €3,595 | -€6,050 | -62.7% |
| Tangible fixed assets | 22/27 | €9,645 | €3,595 | -€6,050 | -62.7% |
| Plant, machinery and equipment | 23 | €3,595 | €3,595 | = | 0.0% |
| Furniture and vehicles | 24 | €6,050 | - | -€6,050 | |
| Current assets | 29/58 | €596,730 | €618,883 | +€22,153 | +3.7% |
| Amounts receivable within one year | 40/41 | €582,611 | €502,591 | -€80,020 | -13.7% |
| Trade receivables | 40 | €316,912 | €222,279 | -€94,633 | -29.9% |
| Other amounts receivable | 41 | €265,699 | €280,312 | +€14,613 | +5.5% |
| Cash at bank and in hand | 54/58 | €14,119 | €116,292 | +€102,173 | +723.7% |
| Total equity and liabilities | 10/49 | €606,375 | €622,478 | +€16,103 | +2.7% |
| Equity | 10/15 | €229,520 | €230,825 | +€1,305 | +0.6% |
| Contributions | 10/11 | €205,849 | €205,849 | = | 0.0% |
| Reserves | 13 | €23,671 | €24,976 | +€1,305 | +5.5% |
| Distributable reserves | 133 | €23,671 | €24,976 | +€1,305 | +5.5% |
| Amounts payable | 17/49 | €376,855 | €391,653 | +€14,798 | +3.9% |
| Amounts payable within one year | 42/48 | €376,855 | €391,653 | +€14,798 | +3.9% |
| Trade debts | 44 | €160,489 | €136,696 | -€23,794 | -14.8% |
| Suppliers | 440/4 | €160,489 | €136,696 | -€23,794 | -14.8% |
| Taxes, remuneration and social security | 45 | €29,365 | €22,957 | -€6,408 | -21.8% |
| Taxes | 450/3 | €29,365 | €22,957 | -€6,408 | -21.8% |
| Other amounts payable | 47/48 | €187,000 | €232,000 | +€45,000 | +24.1% |
| Other operating charges | 640/8 | €505 | €186 | -€320 | -63.3% |
| Gross operating margin | 9900 | €99,122 | €145,125 | +€46,003 | +46.4% |
| Operating profit (loss) | 9901 | €98,616 | €144,939 | +€46,323 | +47.0% |
| Financial income | 75/76B | €2,858 | €2,827 | -€31 | -1.1% |
| Recurring financial income | 75 | €2,858 | €2,827 | -€31 | -1.1% |
| Financial charges | 65/66B | €262 | €5,952 | +€5,689 | +2168.3% |
| Recurring financial charges | 65 | €262 | €402 | +€139 | +53.1% |
| Non-recurring financial charges | 66B | - | €5,550 | +€5,550 | |
| Profit (loss) for the period before taxes | 9903 | €101,212 | €141,815 | +€40,602 | +40.1% |
| Income taxes | 67/77 | €1,693 | €509 | -€1,183 | -69.9% |
| Profit (loss) for the period | 9904 | €99,520 | €141,305 | +€41,786 | +42.0% |
| Profit (loss) for the period to be appropriated | 9905 | €99,520 | €141,305 | +€41,786 | +42.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.