JAY'S: 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'S
Largest movements
- Cash +€22,753
up €22,753 (+63.8%), from €35,669 to €58,422
mainly Net result for the year (+€16,025) and Other debts (+€8,587)
- Receivables within one year +€1,012
new in 2025: €1,012
- Reserves +€16,025
up €16,025 (+75.2%), from €21,299 to €37,324
- Other debts +€8,587
up €8,587 (+181.9%), from €4,721 to €13,307
- Tax, wage and social debts +€3,767
up €3,767 (+65.7%), from €5,731 to €9,498
of which Taxes: +€3,760
- Debts after one year -€3,754
no longer reported in 2025 (was €3,754)
- Current portion of long-term debt -€1,199
down €1,199 (-24.2%), from €4,953 to €3,754
- Gross operating margin +€5,473
up €5,473 (+17.0%), from €32,191 to €37,664
- Taxes +€4,496
new in 2025: €4,496
- Staff costs +€781
up €781 (+6.2%), from €12,629 to €13,411
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 | €63,506 | €86,251 | +€22,745 | +35.8% |
| Fixed assets | 21/28 | €25,337 | €24,718 | -€619 | -2.4% |
| Tangible fixed assets | 22/27 | €25,337 | €24,718 | -€619 | -2.4% |
| Land and buildings | 22 | €3,917 | €6,074 | +€2,157 | +55.1% |
| Plant, machinery and equipment | 23 | €20,168 | €18,227 | -€1,941 | -9.6% |
| Furniture and vehicles | 24 | €1,252 | €417 | -€834 | -66.7% |
| Current assets | 29/58 | €38,168 | €61,533 | +€23,364 | +61.2% |
| Stocks and contracts in progress | 3 | €2,233 | €2,099 | -€134 | -6.0% |
| Stocks | 30/36 | €2,233 | €2,099 | -€134 | -6.0% |
| Amounts receivable within one year | 40/41 | - | €1,012 | +€1,012 | |
| Trade receivables | 40 | - | €1,012 | +€1,012 | |
| Cash at bank and in hand | 54/58 | €35,669 | €58,422 | +€22,753 | +63.8% |
| Deferred charges and accrued income | 490/1 | €266 | - | -€266 | |
| Total equity and liabilities | 10/49 | €63,506 | €86,251 | +€22,745 | +35.8% |
| Equity | 10/15 | €39,899 | €55,924 | +€16,025 | +40.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21,299 | €37,324 | +€16,025 | +75.2% |
| Distributable reserves | 133 | €21,299 | €37,324 | +€16,025 | +75.2% |
| Amounts payable | 17/49 | €23,607 | €30,327 | +€6,720 | +28.5% |
| Amounts payable after more than one year | 17 | €3,754 | - | -€3,754 | |
| Financial debts | 170/4 | €3,754 | - | -€3,754 | |
| Amounts payable within one year | 42/48 | €19,852 | €30,327 | +€10,475 | +52.8% |
| Current portion of amounts payable after more than one year | 42 | €4,953 | €3,754 | -€1,199 | -24.2% |
| Trade debts | 44 | €4,448 | €3,767 | -€681 | -15.3% |
| Suppliers | 440/4 | €4,448 | €3,767 | -€681 | -15.3% |
| Taxes, remuneration and social security | 45 | €5,731 | €9,498 | +€3,767 | +65.7% |
| Taxes | 450/3 | €3,349 | €7,109 | +€3,760 | +112.3% |
| Remuneration and social security | 454/9 | €2,382 | €2,389 | +€7 | +0.3% |
| Other amounts payable | 47/48 | €4,721 | €13,307 | +€8,587 | +181.9% |
| Remuneration, social security and pensions | 62 | €12,629 | €13,411 | +€781 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,979 | €3,085 | +€106 | +3.5% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €32,191 | €37,664 | +€5,473 | +17.0% |
| Operating profit (loss) | 9901 | €16,198 | €20,782 | +€4,584 | +28.3% |
| Financial income | 75/76B | €24 | €9 | -€15 | -61.2% |
| Recurring financial income | 75 | €24 | €9 | -€15 | -61.2% |
| Financial charges | 65/66B | €310 | €270 | -€41 | -13.1% |
| Recurring financial charges | 65 | €310 | €270 | -€41 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €15,912 | €20,521 | +€4,609 | +29.0% |
| Income taxes | 67/77 | - | €4,496 | +€4,496 | |
| Profit (loss) for the period | 9904 | €15,912 | €16,025 | +€113 | +0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €15,912 | €16,025 | +€113 | +0.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.