J3 PROJECTS: 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.
J3 PROJECTS
Largest movements
- Stocks and contracts +€276,780
new in 2025: €276,780
- Cash -€128,983
down €128,983 (-98.8%), from €130,569 to €1,586
mainly Stocks and contracts (-€276,780) and Tax, wage and social debts (-€5,699)
- Other debts +€157,125
new in 2025: €157,125
- Tax, wage and social debts -€5,699
no longer reported in 2025 (was €5,699)
- Profit (loss) carried forward -€3,480
down €3,480 (-22.9%), from €15,215 to €11,736
- Purchases and services -€355,529
down €355,529 (-99.2%), from €358,285 to €2,756
- Gross operating margin -€38,451
down €38,451, from €35,695 to -€2,756
- Financial charges -€6,543
down €6,543 (-92.0%), from €7,113 to €570
- Taxes -€5,699
no longer reported in 2025 (was €5,699)
- Financial income +€500
new in 2025: €500
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 | €130,569 | €278,516 | +€147,947 | +113% |
| Current assets | 29/58 | €130,569 | €278,516 | +€147,947 | +113% |
| Stocks and contracts in progress | 3 | - | €276,780 | +€276,780 | |
| Stocks | 30/36 | - | €276,780 | +€276,780 | |
| Amounts receivable within one year | 40/41 | - | €150 | +€150 | |
| Other amounts receivable | 41 | - | €150 | +€150 | |
| Cash at bank and in hand | 54/58 | €130,569 | €1,586 | -€128,983 | -98.8% |
| Total equity and liabilities | 10/49 | €130,569 | €278,516 | +€147,947 | +113% |
| Equity | 10/15 | €72,095 | €68,615 | -€3,480 | -4.8% |
| Contributions | 10/11 | €12,536 | €12,536 | = | 0.0% |
| Reserves | 13 | €44,344 | €44,344 | = | 0.0% |
| Distributable reserves | 133 | €44,344 | €44,344 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,215 | €11,736 | -€3,480 | -22.9% |
| Amounts payable | 17/49 | €58,475 | €209,901 | +€151,426 | +259% |
| Amounts payable after more than one year | 17 | €52,600 | €52,600 | = | 0.0% |
| Financial debts | 170/4 | €52,600 | €52,600 | = | 0.0% |
| Amounts payable within one year | 42/48 | €5,699 | €157,125 | +€151,426 | +2,657% |
| Taxes, remuneration and social security | 45 | €5,699 | - | -€5,699 | |
| Taxes | 450/3 | €5,699 | - | -€5,699 | |
| Other amounts payable | 47/48 | - | €157,125 | +€157,125 | |
| Accrued charges and deferred income | 492/3 | €175 | €175 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €358,285 | €2,756 | -€355,529 | -99.2% |
| Other operating charges | 640/8 | €487 | €654 | +€166 | +34.1% |
| Gross operating margin | 9900 | €35,695 | -€2,756 | -€38,451 | |
| Operating profit (loss) | 9901 | €35,208 | -€3,410 | -€38,618 | |
| Financial income | 75/76B | - | €500 | +€500 | |
| Recurring financial income | 75 | - | €500 | +€500 | |
| Financial charges | 65/66B | €7,113 | €570 | -€6,543 | -92.0% |
| Recurring financial charges | 65 | €7,113 | €570 | -€6,543 | -92.0% |
| Profit (loss) for the period before taxes | 9903 | €28,095 | -€3,480 | -€31,574 | |
| Income taxes | 67/77 | €5,699 | - | -€5,699 | |
| Profit (loss) for the period | 9904 | €22,396 | -€3,480 | -€25,875 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,396 | -€3,480 | -€25,875 |
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 14 October 2026 via checked.be.