JCAR: 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.
JCAR
Largest movements
- Tangible fixed assets -€18,621
down €18,621 (-31.1%), from €59,849 to €41,227
of which Furniture and vehicles: -€19,066
- Cash +€3,915
up €3,915 (+63.4%), from €6,171 to €10,086
mainly Net result for the year (+€79,062) and Depreciation (+€19,304)
- Receivables within one year +€1,851
up €1,851 (+8.4%), from €21,964 to €23,814
of which Trade receivables: +€2,665
- Debts after one year -€15,996
down €15,996 (-92.1%), from €17,362 to €1,367
- Profit (loss) carried forward +€2,487
up €2,487 (+22.9%), from €10,874 to €13,362
- Gross operating margin +€25,413
up €25,413 (+26.4%), from €96,141 to €121,554
- Taxes +€5,264
up €5,264 (+34.6%), from €15,225 to €20,488
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 | €88,899 | €76,131 | -€12,767 | -14.4% |
| Fixed assets | 21/28 | €59,849 | €41,227 | -€18,621 | -31.1% |
| Tangible fixed assets | 22/27 | €59,849 | €41,227 | -€18,621 | -31.1% |
| Plant, machinery and equipment | 23 | €30 | €475 | +€445 | +1,470% |
| Furniture and vehicles | 24 | €59,818 | €40,752 | -€19,066 | -31.9% |
| Current assets | 29/58 | €29,050 | €34,904 | +€5,854 | +20.2% |
| Amounts receivable within one year | 40/41 | €21,964 | €23,814 | +€1,851 | +8.4% |
| Trade receivables | 40 | €20,770 | €23,435 | +€2,665 | +12.8% |
| Other amounts receivable | 41 | €1,194 | €380 | -€814 | -68.2% |
| Cash at bank and in hand | 54/58 | €6,171 | €10,086 | +€3,915 | +63.4% |
| Deferred charges and accrued income | 490/1 | €915 | €1,004 | +€88 | +9.7% |
| Total equity and liabilities | 10/49 | €88,899 | €76,131 | -€12,767 | -14.4% |
| Equity | 10/15 | €43,018 | €45,506 | +€2,487 | +5.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €13,544 | €13,544 | = | 0.0% |
| Distributable reserves | 133 | €13,544 | €13,544 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,874 | €13,362 | +€2,487 | +22.9% |
| Amounts payable | 17/49 | €45,880 | €30,626 | -€15,255 | -33.2% |
| Amounts payable after more than one year | 17 | €17,362 | €1,367 | -€15,996 | -92.1% |
| Financial debts | 170/4 | €17,362 | €1,367 | -€15,996 | -92.1% |
| Amounts payable within one year | 42/48 | €28,518 | €29,259 | +€741 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €15,272 | €15,996 | +€724 | +4.7% |
| Trade debts | 44 | €452 | €852 | +€400 | +88.4% |
| Suppliers | 440/4 | €452 | €852 | +€400 | +88.4% |
| Taxes, remuneration and social security | 45 | €12,794 | €12,412 | -€382 | -3.0% |
| Taxes | 450/3 | €12,794 | €12,411 | -€383 | -3.0% |
| Remuneration and social security | 454/9 | - | €1 | +€1 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,431 | €19,304 | -€127 | -0.7% |
| Other operating charges | 640/8 | €387 | €464 | +€76 | +19.7% |
| Non-recurring operating charges | 66A | €88 | €870 | +€782 | +887% |
| Gross operating margin | 9900 | €96,141 | €121,554 | +€25,413 | +26.4% |
| Operating profit (loss) | 9901 | €76,235 | €100,916 | +€24,681 | +32.4% |
| Financial income | 75/76B | €18 | €22 | +€4 | +22.0% |
| Recurring financial income | 75 | €18 | €22 | +€4 | +22.0% |
| Financial charges | 65/66B | €2,153 | €1,388 | -€766 | -35.6% |
| Recurring financial charges | 65 | €2,153 | €1,388 | -€766 | -35.6% |
| Profit (loss) for the period before taxes | 9903 | €74,099 | €99,550 | +€25,451 | +34.3% |
| Income taxes | 67/77 | €15,225 | €20,488 | +€5,264 | +34.6% |
| Profit (loss) for the period | 9904 | €58,874 | €79,062 | +€20,187 | +34.3% |
| Profit (loss) for the period to be appropriated | 9905 | €58,874 | €79,062 | +€20,187 | +34.3% |
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 15 October 2026 via checked.be.