J3CA: what changed
J3CA
Largest movements
- Stocks and contracts +€347,431
up €347,431 (+5,703%), from €6,092 to €353,524
- Cash -€230,003
down €230,003 (-62.4%), from €368,701 to €138,698
mainly Stocks and contracts (-€347,431) and Receivables within one year (-€175,601)
- Receivables within one year +€175,601
up €175,601 (+917%), from €19,157 to €194,758
of which Other amounts receivable: +€157,412
- Tangible fixed assets -€35,454
down €35,454 (-24.7%), from €143,398 to €107,944
of which Furniture and vehicles: -€34,765
- Short-term financial debts +€300,000
new in 2025: €300,000
- Tax, wage and social debts -€38,046
down €38,046 (-87.3%), from €43,602 to €5,557
- Debts after one year -€24,678
down €24,678 (-25.5%), from €96,640 to €71,961
- Trade debts +€18,375
up €18,375 (+185%), from €9,934 to €28,309
- Purchases and services -€703,144
down €703,144 (-85.7%), from €820,381 to €117,237
- Gross operating margin -€150,004
down €150,004 (-73.0%), from €205,375 to €55,371
- Taxes -€37,768
down €37,768 (-88.7%), from €42,594 to €4,826
- Financial charges -€10,372
down €10,372 (-60.1%), from €17,268 to €6,896
- Depreciation +€4,818
up €4,818 (+15.2%), from €31,735 to €36,553
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €538,508 | €802,712 | +€264,204 | +49.1% |
| Fixed assets | 21/28 | €143,398 | €107,944 | -€35,454 | -24.7% |
| Tangible fixed assets | 22/27 | €143,398 | €107,944 | -€35,454 | -24.7% |
| Land and buildings | 22 | €4,550 | €4,257 | -€293 | -6.4% |
| Plant, machinery and equipment | 23 | €1,583 | €1,187 | -€396 | -25.0% |
| Furniture and vehicles | 24 | €137,265 | €102,499 | -€34,765 | -25.3% |
| Current assets | 29/58 | €395,110 | €694,768 | +€299,659 | +75.8% |
| Stocks and contracts in progress | 3 | €6,092 | €353,524 | +€347,431 | +5,703% |
| Stocks | 30/36 | €6,092 | €353,524 | +€347,431 | +5,703% |
| Amounts receivable within one year | 40/41 | €19,157 | €194,758 | +€175,601 | +917% |
| Trade receivables | 40 | €17,962 | €36,150 | +€18,188 | +101% |
| Other amounts receivable | 41 | €1,195 | €158,607 | +€157,412 | +13,175% |
| Cash at bank and in hand | 54/58 | €368,701 | €138,698 | -€230,003 | -62.4% |
| Deferred charges and accrued income | 490/1 | €1,160 | €7,790 | +€6,630 | +572% |
| Total equity and liabilities | 10/49 | €538,508 | €802,712 | +€264,204 | +49.1% |
| Equity | 10/15 | €364,352 | €372,103 | +€7,751 | +2.1% |
| Contributions | 10/11 | €12,276 | €12,276 | = | 0.0% |
| Reserves | 13 | €300,000 | €307,751 | +€7,751 | +2.6% |
| Distributable reserves | 133 | €300,000 | €307,751 | +€7,751 | +2.6% |
| Profit (loss) carried forward | 14 | €52,076 | €52,076 | = | 0.0% |
| Amounts payable | 17/49 | €174,156 | €430,609 | +€256,453 | +147% |
| Amounts payable after more than one year | 17 | €96,640 | €71,961 | -€24,678 | -25.5% |
| Financial debts | 170/4 | €96,640 | €71,961 | -€24,678 | -25.5% |
| Amounts payable within one year | 42/48 | €77,449 | €358,581 | +€281,132 | +363% |
| Current portion of amounts payable after more than one year | 42 | €23,913 | €24,678 | +€765 | +3.2% |
| Financial debts | 43 | - | €300,000 | +€300,000 | |
| Credit institutions | 430/8 | - | €300,000 | +€300,000 | |
| Trade debts | 44 | €9,934 | €28,309 | +€18,375 | +185% |
| Suppliers | 440/4 | €9,934 | €28,309 | +€18,375 | +185% |
| Taxes, remuneration and social security | 45 | €43,602 | €5,557 | -€38,046 | -87.3% |
| Taxes | 450/3 | €43,602 | €5,557 | -€38,046 | -87.3% |
| Other amounts payable | 47/48 | - | €37 | +€37 | |
| Accrued charges and deferred income | 492/3 | €67 | €67 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €820,381 | €117,237 | -€703,144 | -85.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,735 | €36,553 | +€4,818 | +15.2% |
| Other operating charges | 640/8 | €3,976 | €845 | -€3,131 | -78.7% |
| Gross operating margin | 9900 | €205,375 | €55,371 | -€150,004 | -73.0% |
| Operating profit (loss) | 9901 | €169,665 | €17,973 | -€151,692 | -89.4% |
| Financial income | 75/76B | - | €1,500 | +€1,500 | |
| Recurring financial income | 75 | - | €1,500 | +€1,500 | |
| Financial charges | 65/66B | €17,268 | €6,896 | -€10,372 | -60.1% |
| Recurring financial charges | 65 | €17,268 | €6,896 | -€10,372 | -60.1% |
| Profit (loss) for the period before taxes | 9903 | €152,397 | €12,577 | -€139,821 | -91.7% |
| Income taxes | 67/77 | €42,594 | €4,826 | -€37,768 | -88.7% |
| Profit (loss) for the period | 9904 | €109,803 | €7,751 | -€102,053 | -92.9% |
| Profit (loss) for the period to be appropriated | 9905 | €109,803 | €7,751 | -€102,053 | -92.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.