JACK & RUSSELL: 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.
JACK & RUSSELL
Largest movements
- Receivables within one year -€35,348
down €35,348 (-74.4%), from €47,542 to €12,194
of which Other amounts receivable: -€35,750
- Cash -€7,957
down €7,957 (-58.6%), from €13,590 to €5,633
mainly Contributions, distributions and other (-€92,136) and Investment in fixed assets (net) (-€3,494)
- Current investments -€4,327
down €4,327 (-11.9%), from €36,242 to €31,915
- Tangible fixed assets +€1,462
up €1,462 (+29.9%), from €4,892 to €6,354
of which Plant, machinery and equipment: +€1,175
- Reserves -€84,200
no longer reported in 2025 (was €84,200)
- Other debts +€33,942
new in 2025: €33,942
- Profit (loss) carried forward +€3,966
up €3,966 (+50.0%), from €7,936 to €11,902
- Gross operating margin +€5,978
up €5,978 (+46.8%), from €12,771 to €18,749
- Financial income +€1,806
up €1,806 (+114.2%), from €1,582 to €3,387
- Other operating charges +€1,674
up €1,674 (+73.7%), from €2,271 to €3,945
- Taxes +€1,509
up €1,509 (+57.5%), from €2,623 to €4,132
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 | €102,265 | €56,096 | -€46,170 | -45.1% |
| Fixed assets | 21/28 | €4,892 | €6,354 | +€1,462 | +29.9% |
| Tangible fixed assets | 22/27 | €4,892 | €6,354 | +€1,462 | +29.9% |
| Plant, machinery and equipment | 23 | - | €1,175 | +€1,175 | |
| Furniture and vehicles | 24 | €4,892 | €5,179 | +€287 | +5.9% |
| Current assets | 29/58 | €97,373 | €49,742 | -€47,632 | -48.9% |
| Amounts receivable within one year | 40/41 | €47,542 | €12,194 | -€35,348 | -74.4% |
| Trade receivables | 40 | €10,890 | €11,293 | +€403 | +3.7% |
| Other amounts receivable | 41 | €36,652 | €901 | -€35,750 | -97.5% |
| Current investments | 50/53 | €36,242 | €31,915 | -€4,327 | -11.9% |
| Cash at bank and in hand | 54/58 | €13,590 | €5,633 | -€7,957 | -58.6% |
| Total equity and liabilities | 10/49 | €102,265 | €56,096 | -€46,170 | -45.1% |
| Equity | 10/15 | €97,136 | €16,902 | -€80,234 | -82.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €84,200 | - | -€84,200 | |
| Tax-exempt reserves | 132 | €84,200 | - | -€84,200 | |
| Profit (loss) carried forward | 14 | €7,936 | €11,902 | +€3,966 | +50.0% |
| Amounts payable | 17/49 | €5,129 | €39,194 | +€34,065 | +664.1% |
| Amounts payable within one year | 42/48 | €5,129 | €39,194 | +€34,065 | +664.1% |
| Trade debts | 44 | €98 | €16 | -€82 | -83.3% |
| Suppliers | 440/4 | €98 | €16 | -€82 | -83.3% |
| Taxes, remuneration and social security | 45 | €5,031 | €5,236 | +€205 | +4.1% |
| Taxes | 450/3 | €5,031 | €5,236 | +€205 | +4.1% |
| Other amounts payable | 47/48 | - | €33,942 | +€33,942 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,204 | €2,032 | -€172 | -7.8% |
| Other operating charges | 640/8 | €2,271 | €3,945 | +€1,674 | +73.7% |
| Gross operating margin | 9900 | €12,771 | €18,749 | +€5,978 | +46.8% |
| Operating profit (loss) | 9901 | €8,296 | €12,772 | +€4,476 | +54.0% |
| Financial income | 75/76B | €1,582 | €3,387 | +€1,806 | +114.2% |
| Recurring financial income | 75 | €1,582 | €3,387 | +€1,806 | +114.2% |
| Financial charges | 65/66B | €112 | €125 | +€13 | +11.3% |
| Recurring financial charges | 65 | €112 | €125 | +€13 | +11.3% |
| Profit (loss) for the period before taxes | 9903 | €9,765 | €16,034 | +€6,269 | +64.2% |
| Income taxes | 67/77 | €2,623 | €4,132 | +€1,509 | +57.5% |
| Profit (loss) for the period | 9904 | €7,142 | €11,902 | +€4,761 | +66.7% |
| Transfer from tax-exempt reserves | 789 | - | €84,200 | +€84,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,142 | €96,102 | +€88,961 | +1245.7% |
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 5 October 2026 via checked.be.