JC PROJECTS: 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.
JC PROJECTS
Largest movements
- Tangible fixed assets +€8,255
up €8,255 (+317.6%), from €2,599 to €10,853
- Cash +€2,386
new in 2020: €2,386
mainly Debts within one year (+€26,873) and Depreciation (+€1,745)
- Debts within one year +€26,873
up €26,873 (+511.8%), from €5,250 to €32,123
- Equity -€16,258
down €16,258, from €11,649 to -€4,609
of which Profit (loss) carried forward: -€16,258
- Gross operating margin -€17,414
down €17,414, from €3,201 to -€14,212
- Depreciation +€143
up €143 (+8.9%), from €1,603 to €1,745
From the 2019 result to the 2020 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 2019 and 2020 balance sheets and the 2020 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,899 | €27,514 | +€10,615 | +62.8% |
| Fixed assets | 21/28 | €2,599 | €10,853 | +€8,255 | +317.6% |
| Tangible fixed assets | 22/27 | €2,599 | €10,853 | +€8,255 | +317.6% |
| Current assets | 29/58 | €14,300 | €16,661 | +€2,360 | +16.5% |
| Stocks and contracts in progress | 3 | €7,135 | €7,135 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €7,165 | €7,140 | -€26 | -0.4% |
| Cash at bank and in hand | 54/58 | - | €2,386 | +€2,386 | |
| Total equity and liabilities | 10/49 | €16,899 | €27,514 | +€10,615 | +62.8% |
| Equity | 10/15 | €11,649 | -€4,609 | -€16,258 | |
| Contributions | 10/11 | €12,500 | - | -€12,500 | |
| Profit (loss) carried forward | 14 | -€851 | -€17,109 | -€16,258 | -1911.2% |
| Amounts payable | 17/49 | €5,250 | €32,123 | +€26,873 | +511.8% |
| Amounts payable within one year | 42/48 | €5,250 | €32,123 | +€26,873 | +511.8% |
| Trade debts | 44 | €2,198 | €6,609 | +€4,411 | +200.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,603 | €1,745 | +€143 | +8.9% |
| Gross operating margin | 9900 | €3,201 | -€14,212 | -€17,414 | |
| Operating profit (loss) | 9901 | €789 | -€16,110 | -€16,900 | |
| Recurring financial income | 75 | €36 | €0 | -€36 | -99.9% |
| Recurring financial charges | 65 | €613 | €148 | -€465 | -75.9% |
| Profit (loss) for the period before taxes | 9903 | €212 | -€16,258 | -€16,471 | |
| Income taxes | 67/77 | €83 | €0 | -€83 | -100.0% |
| Profit (loss) for the period | 9904 | €129 | -€16,258 | -€16,387 | |
| Profit (loss) for the period to be appropriated | 9905 | €129 | -€16,258 | -€16,387 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2019 and 31 December 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.