JAY: 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.
JAY
Largest movements
- Cash +€91,081
up €91,081 (+41.3%), from €220,778 to €311,860
mainly Net result for the year (+€92,739) and Receivables within one year (+€23,734)
- Receivables within one year -€23,734
down €23,734 (-52.6%), from €45,105 to €21,371
of which Trade receivables: -€23,837
- Tangible fixed assets -€16,747
down €16,747 (-31.2%), from €53,654 to €36,907
of which Furniture and vehicles: -€17,594
- Receivables after one year -€16,317
down €16,317 (-21.8%), from €75,000 to €58,683
of which Trade receivables: -€75,000
- Reserves +€75,563
up €75,563 (+23.3%), from €324,833 to €400,396
- Other debts -€30,288
down €30,288 (-81.3%), from €37,262 to €6,974
- Debts after one year -€7,926
down €7,926 (-85.4%), from €9,280 to €1,354
- Gross operating margin +€14,443
up €14,443 (+10.6%), from €136,380 to €150,823
- Taxes +€4,541
up €4,541 (+13.7%), from €33,220 to €37,761
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 | €394,712 | €428,995 | +€34,283 | +8.7% |
| Fixed assets | 21/28 | €53,829 | €37,082 | -€16,747 | -31.1% |
| Tangible fixed assets | 22/27 | €53,654 | €36,907 | -€16,747 | -31.2% |
| Plant, machinery and equipment | 23 | - | €847 | +€847 | |
| Furniture and vehicles | 24 | €53,654 | €36,060 | -€17,594 | -32.8% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €340,883 | €391,914 | +€51,030 | +15.0% |
| Amounts receivable after more than one year | 29 | €75,000 | €58,683 | -€16,317 | -21.8% |
| Trade receivables | 290 | €75,000 | - | -€75,000 | |
| Other amounts receivable | 291 | - | €58,683 | +€58,683 | |
| Amounts receivable within one year | 40/41 | €45,105 | €21,371 | -€23,734 | -52.6% |
| Trade receivables | 40 | €44,801 | €20,964 | -€23,837 | -53.2% |
| Other amounts receivable | 41 | €304 | €407 | +€103 | +33.8% |
| Cash at bank and in hand | 54/58 | €220,778 | €311,860 | +€91,081 | +41.3% |
| Total equity and liabilities | 10/49 | €394,712 | €428,995 | +€34,283 | +8.7% |
| Equity | 10/15 | €325,833 | €401,396 | +€75,563 | +23.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €324,833 | €400,396 | +€75,563 | +23.3% |
| Distributable reserves | 133 | €324,833 | €400,396 | +€75,563 | +23.3% |
| Amounts payable | 17/49 | €68,879 | €27,599 | -€41,280 | -59.9% |
| Amounts payable after more than one year | 17 | €9,280 | €1,354 | -€7,926 | -85.4% |
| Financial debts | 170/4 | €9,280 | €1,354 | -€7,926 | -85.4% |
| Amounts payable within one year | 42/48 | €59,599 | €25,916 | -€33,683 | -56.5% |
| Current portion of amounts payable after more than one year | 42 | €7,598 | €7,926 | +€328 | +4.3% |
| Trade debts | 44 | €6,519 | €3,349 | -€3,171 | -48.6% |
| Suppliers | 440/4 | €6,519 | €3,349 | -€3,171 | -48.6% |
| Taxes, remuneration and social security | 45 | €8,220 | €7,667 | -€553 | -6.7% |
| Taxes | 450/3 | €8,220 | €7,667 | -€553 | -6.7% |
| Other amounts payable | 47/48 | €37,262 | €6,974 | -€30,288 | -81.3% |
| Accrued charges and deferred income | 492/3 | - | €329 | +€329 | |
| Non-recurring operating income | 76A | €2,447 | - | -€2,447 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,085 | €17,788 | -€298 | -1.6% |
| Other operating charges | 640/8 | €939 | €1,020 | +€81 | +8.7% |
| Gross operating margin | 9900 | €136,380 | €150,823 | +€14,443 | +10.6% |
| Operating profit (loss) | 9901 | €117,356 | €132,016 | +€14,660 | +12.5% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €1,926 | €1,516 | -€410 | -21.3% |
| Recurring financial charges | 65 | €1,926 | €1,516 | -€410 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | €115,430 | €130,500 | +€15,070 | +13.1% |
| Income taxes | 67/77 | €33,220 | €37,761 | +€4,541 | +13.7% |
| Profit (loss) for the period | 9904 | €82,210 | €92,739 | +€10,529 | +12.8% |
| Profit (loss) for the period to be appropriated | 9905 | €82,210 | €92,739 | +€10,529 | +12.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.