JCAC: 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.
JCAC
Largest movements
- Cash +€231,549
up €231,549 (+84.1%), from €275,366 to €506,915
mainly Net result for the year (+€312,427) and Tax, wage and social debts (+€63,039)
- Receivables within one year +€62,350
up €62,350 (+30.3%), from €205,684 to €268,034
of which Trade receivables: +€62,350
- Deferred charges and accrued income -€14,658
down €14,658 (-77.5%), from €18,912 to €4,254
- Reserves +€226,875
up €226,875 (+33.8%), from €671,712 to €898,587
of which Distributable reserves: +€226,875
- Tax, wage and social debts +€63,039
up €63,039 (+156.5%), from €40,271 to €103,311
- Debts after one year -€10,961
down €10,961 (-33.7%), from €32,479 to €21,518
- Gross operating margin +€251,581
up €251,581 (+110.7%), from €227,317 to €478,898
- Taxes +€81,357
up €81,357 (+131.7%), from €61,764 to €143,121
- Depreciation +€5,700
up €5,700 (+40.5%), from €14,069 to €19,769
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 | €796,146 | €1,069,741 | +€273,595 | +34.4% |
| Fixed assets | 21/28 | €296,184 | €290,538 | -€5,646 | -1.9% |
| Tangible fixed assets | 22/27 | €170,184 | €164,538 | -€5,646 | -3.3% |
| Land and buildings | 22 | €161,749 | €149,528 | -€12,221 | -7.6% |
| Furniture and vehicles | 24 | - | €8,280 | +€8,280 | |
| Other tangible fixed assets | 26 | €8,435 | €6,730 | -€1,705 | -20.2% |
| Financial fixed assets | 28 | €126,000 | €126,000 | = | 0.0% |
| Current assets | 29/58 | €499,962 | €779,203 | +€279,241 | +55.9% |
| Amounts receivable within one year | 40/41 | €205,684 | €268,034 | +€62,350 | +30.3% |
| Trade receivables | 40 | €202,600 | €264,950 | +€62,350 | +30.8% |
| Other amounts receivable | 41 | €3,084 | €3,084 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €275,366 | €506,915 | +€231,549 | +84.1% |
| Deferred charges and accrued income | 490/1 | €18,912 | €4,254 | -€14,658 | -77.5% |
| Total equity and liabilities | 10/49 | €796,146 | €1,069,741 | +€273,595 | +34.4% |
| Equity | 10/15 | €692,059 | €918,934 | +€226,875 | +32.8% |
| Contributions | 10/11 | €20,347 | €20,347 | = | 0.0% |
| Reserves | 13 | €671,712 | €898,587 | +€226,875 | +33.8% |
| Non-distributable reserves | 130/1 | €892 | €892 | = | 0.0% |
| Reserves not available under the articles | 1311 | €0 | €892 | +€892 | |
| Own shares acquired | 1312 | €892 | €0 | -€892 | -100.0% |
| Distributable reserves | 133 | €670,820 | €897,694 | +€226,875 | +33.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €104,087 | €150,807 | +€46,720 | +44.9% |
| Amounts payable after more than one year | 17 | €32,479 | €21,518 | -€10,961 | -33.7% |
| Financial debts | 170/4 | €32,479 | €21,518 | -€10,961 | -33.7% |
| Amounts payable within one year | 42/48 | €71,608 | €129,289 | +€57,681 | +80.6% |
| Current portion of amounts payable after more than one year | 42 | €14,444 | €10,961 | -€3,483 | -24.1% |
| Financial debts | 43 | €13,529 | €13,333 | -€196 | -1.4% |
| Credit institutions | 430/8 | €13,529 | €13,333 | -€196 | -1.4% |
| Trade debts | 44 | €1,296 | €460 | -€836 | -64.5% |
| Suppliers | 440/4 | €1,296 | €460 | -€836 | -64.5% |
| Taxes, remuneration and social security | 45 | €40,271 | €103,311 | +€63,039 | +156.5% |
| Taxes | 450/3 | €40,271 | €103,311 | +€63,039 | +156.5% |
| Other amounts payable | 47/48 | €2,067 | €1,224 | -€843 | -40.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,069 | €19,769 | +€5,700 | +40.5% |
| Other operating charges | 640/8 | €1,210 | €1,052 | -€158 | -13.0% |
| Gross operating margin | 9900 | €227,317 | €478,898 | +€251,581 | +110.7% |
| Operating profit (loss) | 9901 | €212,039 | €458,078 | +€246,039 | +116.0% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €4,747 | €2,530 | -€2,217 | -46.7% |
| Recurring financial charges | 65 | €4,747 | €2,530 | -€2,217 | -46.7% |
| Profit (loss) for the period before taxes | 9903 | €207,292 | €455,548 | +€248,256 | +119.8% |
| Income taxes | 67/77 | €61,764 | €143,121 | +€81,357 | +131.7% |
| Profit (loss) for the period | 9904 | €145,528 | €312,427 | +€166,899 | +114.7% |
| Profit (loss) for the period to be appropriated | 9905 | €145,528 | €312,427 | +€166,899 | +114.7% |
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 12 October 2026 via checked.be.