JAC: 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.
JAC
Largest movements
- Cash +€100,376
up €100,376 (+84.0%), from €119,464 to €219,840
mainly Net result for the year (+€68,263) and Current investments (+€53,170)
- Current investments -€53,170
down €53,170 (-21.3%), from €250,000 to €196,830
- Tangible fixed assets +€8,533
up €8,533 (+38.4%), from €22,250 to €30,783
- Reserves +€68,263
up €68,263 (+17.7%), from €384,610 to €452,873
- Tax, wage and social debts -€8,400
down €8,400 (-42.8%), from €19,631 to €11,231
- Financial charges +€18,524
up €18,524 (+49.0%), from €37,786 to €56,310
of which Non-recurring financial charges: +€15,070
- Taxes -€6,171
down €6,171 (-19.1%), from €32,386 to €26,215
- Depreciation +€2,472
up €2,472 (+82.2%), from €3,006 to €5,478
- Gross operating margin +€2,286
up €2,286 (+1.6%), from €146,720 to €149,007
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 | €443,247 | €494,803 | +€51,556 | +11.6% |
| Fixed assets | 21/28 | €22,250 | €30,783 | +€8,533 | +38.4% |
| Tangible fixed assets | 22/27 | €22,250 | €30,783 | +€8,533 | +38.4% |
| Furniture and vehicles | 24 | €22,250 | €30,783 | +€8,533 | +38.4% |
| Current assets | 29/58 | €420,998 | €464,021 | +€43,023 | +10.2% |
| Amounts receivable within one year | 40/41 | €51,134 | €47,351 | -€3,783 | -7.4% |
| Trade receivables | 40 | €50,467 | €46,866 | -€3,601 | -7.1% |
| Other amounts receivable | 41 | €666 | €485 | -€181 | -27.2% |
| Current investments | 50/53 | €250,000 | €196,830 | -€53,170 | -21.3% |
| Cash at bank and in hand | 54/58 | €119,464 | €219,840 | +€100,376 | +84.0% |
| Deferred charges and accrued income | 490/1 | €400 | - | -€400 | |
| Total equity and liabilities | 10/49 | €443,247 | €494,803 | +€51,556 | +11.6% |
| Equity | 10/15 | €404,610 | €472,873 | +€68,263 | +16.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €384,610 | €452,873 | +€68,263 | +17.7% |
| Distributable reserves | 133 | €384,610 | €452,873 | +€68,263 | +17.7% |
| Amounts payable | 17/49 | €38,638 | €21,931 | -€16,707 | -43.2% |
| Amounts payable within one year | 42/48 | €38,638 | €21,931 | -€16,707 | -43.2% |
| Trade debts | 44 | €11,226 | €6,545 | -€4,682 | -41.7% |
| Suppliers | 440/4 | €11,226 | €6,545 | -€4,682 | -41.7% |
| Taxes, remuneration and social security | 45 | €19,631 | €11,231 | -€8,400 | -42.8% |
| Taxes | 450/3 | €19,631 | €11,231 | -€8,400 | -42.8% |
| Other amounts payable | 47/48 | €7,780 | €4,155 | -€3,625 | -46.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,006 | €5,478 | +€2,472 | +82.2% |
| Other operating charges | 640/8 | €447 | €210 | -€237 | -53.0% |
| Gross operating margin | 9900 | €146,720 | €149,007 | +€2,286 | +1.6% |
| Operating profit (loss) | 9901 | €143,267 | €143,319 | +€52 | 0.0% |
| Financial income | 75/76B | €8,298 | €7,468 | -€830 | -10.0% |
| Recurring financial income | 75 | €8,298 | €7,468 | -€830 | -10.0% |
| Financial charges | 65/66B | €37,786 | €56,310 | +€18,524 | +49.0% |
| Recurring financial charges | 65 | €1,059 | €4,513 | +€3,454 | +326.1% |
| Non-recurring financial charges | 66B | €36,727 | €51,796 | +€15,070 | +41.0% |
| Profit (loss) for the period before taxes | 9903 | €113,779 | €94,478 | -€19,302 | -17.0% |
| Income taxes | 67/77 | €32,386 | €26,215 | -€6,171 | -19.1% |
| Profit (loss) for the period | 9904 | €81,394 | €68,263 | -€13,131 | -16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €81,394 | €68,263 | -€13,131 | -16.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.