J4 LUNCH: what changed
Two fiscal 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.
J4 LUNCH
Largest movements
- Receivables within one year +€32,087
up €32,087 (+5775.1%), from €556 to €32,642
of which Trade receivables: +€32,521
- Tangible fixed assets -€5,426
down €5,426 (-9.2%), from €59,031 to €53,605
- Financial fixed assets +€2,880
new in 2025: €2,880
- Stocks and contracts +€1,445
up €1,445 (+35.2%), from €4,110 to €5,555
- Cash -€1,353
down €1,353 (-99.4%), from €1,361 to €9
mainly Net result for the year (-€33,425) and Receivables within one year (-€32,087)
- Other debts +€54,586
up €54,586 (+252.0%), from €21,658 to €76,244
- Profit (loss) carried forward -€33,425
down €33,425 (-67.0%), from -€49,864 to -€83,289
- Trade debts +€23,380
up €23,380 (+2854.4%), from €819 to €24,199
- Debts after one year -€19,658
down €19,658 (-27.0%), from €72,833 to €53,176
- Tax, wage and social debts +€1,690
up €1,690 (+54.4%), from €3,107 to €4,796
of which Remuneration and social security: +€1,588
- Gross operating margin +€66,969
up €66,969, from -€43,387 to €23,582
- Staff costs +€41,761
new in 2025: €41,761
- Financial charges +€4,309
up €4,309 (+139.9%), from €3,079 to €7,389
- Depreciation +€4,159
up €4,159 (+130.8%), from €3,179 to €7,338
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.
Cash bridge derived
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 | €70,716 | €98,369 | +€27,653 | +39.1% |
| Fixed assets | 21/28 | €63,531 | €59,985 | -€3,546 | -5.6% |
| Intangible fixed assets | 21 | €4,500 | €3,500 | -€1,000 | -22.2% |
| Tangible fixed assets | 22/27 | €59,031 | €53,605 | -€5,426 | -9.2% |
| Plant, machinery and equipment | 23 | €59,031 | €53,605 | -€5,426 | -9.2% |
| Financial fixed assets | 28 | - | €2,880 | +€2,880 | |
| Current assets | 29/58 | €7,185 | €38,384 | +€31,199 | +434.2% |
| Stocks and contracts in progress | 3 | €4,110 | €5,555 | +€1,445 | +35.2% |
| Stocks | 30/36 | €4,110 | €5,555 | +€1,445 | +35.2% |
| Amounts receivable within one year | 40/41 | €556 | €32,642 | +€32,087 | +5775.1% |
| Trade receivables | 40 | €85 | €32,605 | +€32,521 | +38468.0% |
| Other amounts receivable | 41 | €471 | €37 | -€434 | -92.1% |
| Cash at bank and in hand | 54/58 | €1,361 | €9 | -€1,353 | -99.4% |
| Deferred charges and accrued income | 490/1 | €1,158 | €178 | -€980 | -84.6% |
| Total equity and liabilities | 10/49 | €70,716 | €98,369 | +€27,653 | +39.1% |
| Equity | 10/15 | -€49,764 | -€83,189 | -€33,425 | -67.2% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,864 | -€83,289 | -€33,425 | -67.0% |
| Amounts payable | 17/49 | €120,481 | €181,558 | +€61,078 | +50.7% |
| Amounts payable after more than one year | 17 | €72,833 | €53,176 | -€19,658 | -27.0% |
| Financial debts | 170/4 | €72,833 | €53,176 | -€19,658 | -27.0% |
| Amounts payable within one year | 42/48 | €47,282 | €128,383 | +€81,100 | +171.5% |
| Current portion of amounts payable after more than one year | 42 | €21,699 | €23,143 | +€1,445 | +6.7% |
| Trade debts | 44 | €819 | €24,199 | +€23,380 | +2854.4% |
| Suppliers | 440/4 | €819 | €24,199 | +€23,380 | +2854.4% |
| Taxes, remuneration and social security | 45 | €3,107 | €4,796 | +€1,690 | +54.4% |
| Taxes | 450/3 | - | €101 | +€101 | |
| Remuneration and social security | 454/9 | €3,107 | €4,695 | +€1,588 | +51.1% |
| Other amounts payable | 47/48 | €21,658 | €76,244 | +€54,586 | +252.0% |
| Accrued charges and deferred income | 492/3 | €365 | - | -€365 | |
| Remuneration, social security and pensions | 62 | - | €41,761 | +€41,761 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,179 | €7,338 | +€4,159 | +130.8% |
| Other operating charges | 640/8 | €232 | €387 | +€156 | +67.3% |
| Non-recurring operating charges | 66A | €45 | €160 | +€115 | +255.1% |
| Gross operating margin | 9900 | -€43,387 | €23,582 | +€66,969 | |
| Operating profit (loss) | 9901 | -€46,842 | -€26,064 | +€20,778 | +44.4% |
| Financial income | 75/76B | €57 | €28 | -€29 | -50.8% |
| Recurring financial income | 75 | €57 | €28 | -€29 | -50.8% |
| Financial charges | 65/66B | €3,079 | €7,389 | +€4,309 | +139.9% |
| Recurring financial charges | 65 | €3,079 | €7,389 | +€4,309 | +139.9% |
| Profit (loss) for the period before taxes | 9903 | -€49,864 | -€33,425 | +€16,439 | +33.0% |
| Profit (loss) for the period | 9904 | -€49,864 | -€33,425 | +€16,439 | +33.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,864 | -€33,425 | +€16,439 | +33.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.