Jack and Joe: 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.
Jack and Joe
Largest movements
- Cash -€15,146
down €15,146 (-19.9%), from €76,005 to €60,859
mainly Contributions, distributions and other (-€50,000) and Other debts (-€25,000)
- Receivables within one year -€3,519
down €3,519 (-8.1%), from €43,685 to €40,166
of which Trade receivables: -€13,272
- Other debts -€25,000
down €25,000 (-33.3%), from €75,000 to €50,000
- Trade debts +€3,681
up €3,681 (+922%), from €399 to €4,080
- Reserves +€2,500
up €2,500 (+6.7%), from €37,500 to €40,000
- Gross operating margin -€20,540
down €20,540 (-26.6%), from €77,199 to €56,659
- Financial charges +€1,319
up €1,319 (+809%), from €163 to €1,482
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 | €121,129 | €102,266 | -€18,862 | -15.6% |
| Fixed assets | 21/28 | €301 | - | -€301 | |
| Tangible fixed assets | 22/27 | €301 | - | -€301 | |
| Furniture and vehicles | 24 | €301 | - | -€301 | |
| Current assets | 29/58 | €120,828 | €102,266 | -€18,562 | -15.4% |
| Amounts receivable within one year | 40/41 | €43,685 | €40,166 | -€3,519 | -8.1% |
| Trade receivables | 40 | €39,012 | €25,740 | -€13,272 | -34.0% |
| Other amounts receivable | 41 | €4,673 | €14,427 | +€9,753 | +209% |
| Cash at bank and in hand | 54/58 | €76,005 | €60,859 | -€15,146 | -19.9% |
| Deferred charges and accrued income | 490/1 | €1,137 | €1,241 | +€104 | +9.1% |
| Total equity and liabilities | 10/49 | €121,129 | €102,266 | -€18,862 | -15.6% |
| Equity | 10/15 | €45,129 | €48,186 | +€3,057 | +6.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €37,500 | €40,000 | +€2,500 | +6.7% |
| Distributable reserves | 133 | €37,500 | €40,000 | +€2,500 | +6.7% |
| Profit (loss) carried forward | 14 | €1,429 | €1,986 | +€557 | +38.9% |
| Amounts payable | 17/49 | €75,999 | €54,080 | -€21,919 | -28.8% |
| Amounts payable within one year | 42/48 | €75,999 | €54,080 | -€21,919 | -28.8% |
| Trade debts | 44 | €399 | €4,080 | +€3,681 | +922% |
| Suppliers | 440/4 | €399 | €4,080 | +€3,681 | +922% |
| Taxes, remuneration and social security | 45 | €600 | - | -€600 | |
| Taxes | 450/3 | €600 | - | -€600 | |
| Other amounts payable | 47/48 | €75,000 | €50,000 | -€25,000 | -33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €603 | €301 | -€302 | -50.1% |
| Other operating charges | 640/8 | €577 | €762 | +€185 | +32.0% |
| Gross operating margin | 9900 | €77,199 | €56,659 | -€20,540 | -26.6% |
| Operating profit (loss) | 9901 | €76,019 | €55,596 | -€20,423 | -26.9% |
| Financial income | 75/76B | €270 | €338 | +€67 | +24.9% |
| Recurring financial income | 75 | €270 | €338 | +€67 | +24.9% |
| Financial charges | 65/66B | €163 | €1,482 | +€1,319 | +809% |
| Recurring financial charges | 65 | €163 | €1,482 | +€1,319 | +809% |
| Profit (loss) for the period before taxes | 9903 | €76,126 | €54,452 | -€21,675 | -28.5% |
| Income taxes | 67/77 | €681 | €1,395 | +€714 | +105% |
| Profit (loss) for the period | 9904 | €75,446 | €53,057 | -€22,389 | -29.7% |
| Profit (loss) for the period to be appropriated | 9905 | €75,446 | €53,057 | -€22,389 | -29.7% |
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 26 October 2026 via checked.be.