JC Finance: 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.
JC Finance
Largest movements
- Cash +€92,206
up €92,206 (+312%), from €29,568 to €121,775
mainly Current investments (+€79,938) and Depreciation (+€34,024)
- Current investments -€79,938
no longer reported in 2025 (was €79,938)
- Tangible fixed assets -€23,863
down €23,863 (-7.7%), from €310,635 to €286,772
of which Plant, machinery and equipment: -€14,048
- Intangible fixed assets -€8,910
down €8,910 (-12.6%), from €70,818 to €61,909
- Deferred charges and accrued income +€8,639
up €8,639 (+46.6%), from €18,543 to €27,182
- Debts after one year -€26,042
down €26,042 (-9.6%), from €271,605 to €245,563
- Reserves +€11,059
up €11,059 (+4.9%), from €226,659 to €237,717
- Staff costs +€65,939
up €65,939 (+126%), from €52,392 to €118,331
- Taxes -€18,121
down €18,121 (-75.5%), from €24,004 to €5,884
- Gross operating margin -€4,026
down €4,026 (-2.2%), from €180,401 to €176,376
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 | €528,214 | €516,335 | -€11,880 | -2.2% |
| Fixed assets | 21/28 | €381,453 | €348,680 | -€32,773 | -8.6% |
| Intangible fixed assets | 21 | €70,818 | €61,909 | -€8,910 | -12.6% |
| Tangible fixed assets | 22/27 | €310,635 | €286,772 | -€23,863 | -7.7% |
| Land and buildings | 22 | €194,393 | €185,583 | -€8,810 | -4.5% |
| Plant, machinery and equipment | 23 | €110,679 | €96,631 | -€14,048 | -12.7% |
| Furniture and vehicles | 24 | €5,563 | €4,558 | -€1,005 | -18.1% |
| Current assets | 29/58 | €146,762 | €167,654 | +€20,893 | +14.2% |
| Amounts receivable within one year | 40/41 | €18,712 | €18,698 | -€14 | -0.1% |
| Other amounts receivable | 41 | €18,712 | €18,698 | -€14 | -0.1% |
| Current investments | 50/53 | €79,938 | - | -€79,938 | |
| Cash at bank and in hand | 54/58 | €29,568 | €121,775 | +€92,206 | +312% |
| Deferred charges and accrued income | 490/1 | €18,543 | €27,182 | +€8,639 | +46.6% |
| Total equity and liabilities | 10/49 | €528,214 | €516,335 | -€11,880 | -2.2% |
| Equity | 10/15 | €227,659 | €238,717 | +€11,059 | +4.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €226,659 | €237,717 | +€11,059 | +4.9% |
| Distributable reserves | 133 | €226,659 | €237,717 | +€11,059 | +4.9% |
| Amounts payable | 17/49 | €300,556 | €277,617 | -€22,938 | -7.6% |
| Amounts payable after more than one year | 17 | €271,605 | €245,563 | -€26,042 | -9.6% |
| Financial debts | 170/4 | €271,605 | €245,563 | -€26,042 | -9.6% |
| Amounts payable within one year | 42/48 | €28,761 | €32,055 | +€3,294 | +11.5% |
| Current portion of amounts payable after more than one year | 42 | €12,673 | €13,031 | +€358 | +2.8% |
| Trade debts | 44 | €2,678 | €4,043 | +€1,365 | +51.0% |
| Suppliers | 440/4 | €2,678 | €4,043 | +€1,365 | +51.0% |
| Taxes, remuneration and social security | 45 | €9,947 | €14,007 | +€4,060 | +40.8% |
| Taxes | 450/3 | €3,412 | €3,075 | -€337 | -9.9% |
| Remuneration and social security | 454/9 | €6,535 | €10,932 | +€4,397 | +67.3% |
| Other amounts payable | 47/48 | €3,463 | €973 | -€2,489 | -71.9% |
| Accrued charges and deferred income | 492/3 | €190 | - | -€190 | |
| Remuneration, social security and pensions | 62 | €52,392 | €118,331 | +€65,939 | +126% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,389 | €34,024 | +€636 | +1.9% |
| Other operating charges | 640/8 | - | €58 | +€58 | |
| Gross operating margin | 9900 | €180,401 | €176,376 | -€4,026 | -2.2% |
| Operating profit (loss) | 9901 | €94,621 | €23,962 | -€70,659 | -74.7% |
| Financial income | 75/76B | €1,355 | €1,419 | +€64 | +4.7% |
| Recurring financial income | 75 | €1,355 | €1,419 | +€64 | +4.7% |
| Financial charges | 65/66B | €9,496 | €8,439 | -€1,057 | -11.1% |
| Recurring financial charges | 65 | €9,496 | €8,439 | -€1,057 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €86,480 | €16,942 | -€69,538 | -80.4% |
| Income taxes | 67/77 | €24,004 | €5,884 | -€18,121 | -75.5% |
| Profit (loss) for the period | 9904 | €62,476 | €11,059 | -€51,417 | -82.3% |
| Profit (loss) for the period to be appropriated | 9905 | €62,476 | €11,059 | -€51,417 | -82.3% |
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 27 October 2026 via checked.be.