JCA: 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.
JCA
Largest movements
- Tangible fixed assets -€204,554
down €204,554 (-22.9%), from €891,859 to €687,305
of which Land and buildings: -€201,478
- Cash +€107,021
up €107,021 (+594.8%), from €17,993 to €125,015
mainly Investment in fixed assets (net) (+€182,531) and Net result for the year (+€51,580)
- Deferred charges and accrued income +€15,089
new in 2025: €15,089
- Debts after one year -€127,973
down €127,973 (-27.7%), from €462,778 to €334,805
- Profit (loss) carried forward +€51,580
up €51,580 (+197.8%), from €26,080 to €77,660
- Other debts +€25,209
up €25,209 (+8.6%), from €291,932 to €317,141
- Trade debts -€14,808
down €14,808 (-85.0%), from €17,417 to €2,610
- Current portion of long-term debt -€12,243
down €12,243 (-26.5%), from €46,268 to €34,025
- Gross operating margin -€20,225
down €20,225 (-19.4%), from €104,332 to €84,108
- Depreciation -€17,749
down €17,749 (-44.6%), from €39,772 to €22,023
- Financial charges -€2,713
down €2,713 (-20.2%), from €13,434 to €10,721
- Other operating charges -€1,644
down €1,644 (-91.2%), from €1,803 to €159
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 | €912,898 | €832,221 | -€80,677 | -8.8% |
| Fixed assets | 21/28 | €891,859 | €687,305 | -€204,554 | -22.9% |
| Tangible fixed assets | 22/27 | €891,859 | €687,305 | -€204,554 | -22.9% |
| Land and buildings | 22 | €878,715 | €677,237 | -€201,478 | -22.9% |
| Plant, machinery and equipment | 23 | €13,143 | €10,067 | -€3,076 | -23.4% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €21,040 | €144,916 | +€123,877 | +588.8% |
| Amounts receivable within one year | 40/41 | €3,046 | €4,813 | +€1,767 | +58.0% |
| Trade receivables | 40 | €3,046 | - | -€3,046 | |
| Other amounts receivable | 41 | €0 | €4,813 | +€4,813 | |
| Cash at bank and in hand | 54/58 | €17,993 | €125,015 | +€107,021 | +594.8% |
| Deferred charges and accrued income | 490/1 | - | €15,089 | +€15,089 | |
| Total equity and liabilities | 10/49 | €912,898 | €832,221 | -€80,677 | -8.8% |
| Equity | 10/15 | €92,061 | €143,641 | +€51,580 | +56.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €45,981 | €45,981 | = | 0.0% |
| Distributable reserves | 133 | €45,981 | €45,981 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,080 | €77,660 | +€51,580 | +197.8% |
| Amounts payable | 17/49 | €820,838 | €688,580 | -€132,258 | -16.1% |
| Amounts payable after more than one year | 17 | €462,778 | €334,805 | -€127,973 | -27.7% |
| Financial debts | 170/4 | €462,778 | €334,805 | -€127,973 | -27.7% |
| Amounts payable within one year | 42/48 | €358,060 | €353,775 | -€4,285 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | €46,268 | €34,025 | -€12,243 | -26.5% |
| Trade debts | 44 | €17,417 | €2,610 | -€14,808 | -85.0% |
| Suppliers | 440/4 | €17,417 | €2,610 | -€14,808 | -85.0% |
| Taxes, remuneration and social security | 45 | €2,442 | - | -€2,442 | |
| Taxes | 450/3 | €1,573 | - | -€1,573 | |
| Remuneration and social security | 454/9 | €869 | - | -€869 | |
| Other amounts payable | 47/48 | €291,932 | €317,141 | +€25,209 | +8.6% |
| Non-recurring operating income | 76A | - | €109,343 | +€109,343 | |
| Remuneration, social security and pensions | 62 | - | -€376 | -€376 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,772 | €22,023 | -€17,749 | -44.6% |
| Other operating charges | 640/8 | €1,803 | €159 | -€1,644 | -91.2% |
| Gross operating margin | 9900 | €104,332 | €84,108 | -€20,225 | -19.4% |
| Operating profit (loss) | 9901 | €62,757 | €62,301 | -€456 | -0.7% |
| Financial charges | 65/66B | €13,434 | €10,721 | -€2,713 | -20.2% |
| Recurring financial charges | 65 | €13,434 | €10,721 | -€2,713 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €49,324 | €51,580 | +€2,257 | +4.6% |
| Income taxes | 67/77 | €275 | - | -€275 | |
| Profit (loss) for the period | 9904 | €49,049 | €51,580 | +€2,532 | +5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €49,049 | €51,580 | +€2,532 | +5.2% |
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 11 October 2026 via checked.be.