JCX POM: 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.
JCX POM
Largest movements
- Tangible fixed assets +€445,937
up €445,937 (+56.3%), from €791,473 to €1.2m
of which Plant, machinery and equipment: +€467,596
- Receivables within one year +€224,695
up €224,695 (+41.3%), from €544,010 to €768,705
of which Trade receivables: +€242,703
- Cash +€82,810
up €82,810 (+595%), from €13,908 to €96,718
mainly Net result for the year (+€511,606) and Depreciation (+€146,905)
- Profit (loss) carried forward +€384,973
up €384,973 (+300%), from €128,248 to €513,222
- Reserves +€126,633
up €126,633 (+78.4%), from €161,535 to €288,167
of which Tax-exempt reserves: +€126,633
- Tax, wage and social debts +€107,355
new in 2025: €107,355
- Debts after one year +€59,958
up €59,958 (+11.4%), from €527,580 to €587,538
- Trade debts +€48,559
up €48,559 (+14.0%), from €347,424 to €395,983
- Gross operating margin +€561,682
up €561,682 (+199%), from €282,437 to €844,119
- Taxes +€114,855
up €114,855 (+1,149%), from €10,000 to €124,855
- Depreciation +€11,411
up €11,411 (+8.4%), from €135,494 to €146,905
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 | €1,705,384 | €2,443,719 | +€738,335 | +43.3% |
| Fixed assets | 21/28 | €791,473 | €1,237,411 | +€445,937 | +56.3% |
| Tangible fixed assets | 22/27 | €791,473 | €1,237,411 | +€445,937 | +56.3% |
| Land and buildings | 22 | €106,212 | €83,947 | -€22,266 | -21.0% |
| Plant, machinery and equipment | 23 | €685,261 | €1,152,857 | +€467,596 | +68.2% |
| Furniture and vehicles | 24 | - | €607 | +€607 | |
| Current assets | 29/58 | €913,911 | €1,206,308 | +€292,398 | +32.0% |
| Amounts receivable within one year | 40/41 | €544,010 | €768,705 | +€224,695 | +41.3% |
| Trade receivables | 40 | €382,276 | €624,979 | +€242,703 | +63.5% |
| Other amounts receivable | 41 | €161,734 | €143,726 | -€18,008 | -11.1% |
| Cash at bank and in hand | 54/58 | €13,908 | €96,718 | +€82,810 | +595% |
| Deferred charges and accrued income | 490/1 | €355,993 | €340,886 | -€15,107 | -4.2% |
| Total equity and liabilities | 10/49 | €1,705,384 | €2,443,719 | +€738,335 | +43.3% |
| Equity | 10/15 | €542,583 | €1,054,189 | +€511,606 | +94.3% |
| Contributions | 10/11 | €252,800 | €252,800 | = | 0.0% |
| Reserves | 13 | €161,535 | €288,167 | +€126,633 | +78.4% |
| Tax-exempt reserves | 132 | €61,165 | €187,797 | +€126,633 | +207% |
| Distributable reserves | 133 | €100,370 | €100,370 | = | 0.0% |
| Profit (loss) carried forward | 14 | €128,248 | €513,222 | +€384,973 | +300% |
| Provisions and deferred taxes | 16 | €20,388 | €62,599 | +€42,211 | +207% |
| Deferred taxes | 168 | €20,388 | €62,599 | +€42,211 | +207% |
| Amounts payable | 17/49 | €1,142,413 | €1,326,931 | +€184,518 | +16.2% |
| Amounts payable after more than one year | 17 | €527,580 | €587,538 | +€59,958 | +11.4% |
| Financial debts | 170/4 | €527,580 | €587,538 | +€59,958 | +11.4% |
| Amounts payable within one year | 42/48 | €614,833 | €739,392 | +€124,560 | +20.3% |
| Current portion of amounts payable after more than one year | 42 | €164,329 | €154,327 | -€10,002 | -6.1% |
| Financial debts | 43 | €75,000 | €75,000 | = | 0.0% |
| Credit institutions | 430/8 | €75,000 | €75,000 | = | 0.0% |
| Trade debts | 44 | €347,424 | €395,983 | +€48,559 | +14.0% |
| Suppliers | 440/4 | €347,424 | €395,983 | +€48,559 | +14.0% |
| Taxes, remuneration and social security | 45 | - | €107,355 | +€107,355 | |
| Taxes | 450/3 | - | €107,355 | +€107,355 | |
| Other amounts payable | 47/48 | €28,080 | €6,728 | -€21,352 | -76.0% |
| Non-recurring operating income | 76A | - | €232,642 | +€232,642 | |
| Remuneration, social security and pensions | 62 | €356 | €526 | +€170 | +47.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €135,494 | €146,905 | +€11,411 | +8.4% |
| Other operating charges | 640/8 | €1,668 | €677 | -€991 | -59.4% |
| Non-recurring operating charges | 66A | €174 | - | -€174 | |
| Gross operating margin | 9900 | €282,437 | €844,119 | +€561,682 | +199% |
| Operating profit (loss) | 9901 | €144,745 | €696,011 | +€551,266 | +381% |
| Financial income | 75/76B | €2,783 | €4,928 | +€2,145 | +77.1% |
| Recurring financial income | 75 | €2,783 | €4,928 | +€2,145 | +77.1% |
| Non-recurring financial income | 76B | - | €4,928 | +€4,928 | |
| Financial charges | 65/66B | €28,331 | €22,268 | -€6,064 | -21.4% |
| Recurring financial charges | 65 | €28,331 | €22,268 | -€6,064 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €119,197 | €678,672 | +€559,475 | +469% |
| Transfer from deferred taxes | 780 | €802 | €5,289 | +€4,487 | +559% |
| Transfer to deferred taxes | 680 | - | €47,500 | +€47,500 | |
| Income taxes | 67/77 | €10,000 | €124,855 | +€114,855 | +1,149% |
| Profit (loss) for the period | 9904 | €109,999 | €511,606 | +€401,607 | +365% |
| Transfer from tax-exempt reserves | 789 | €2,407 | €15,867 | +€13,460 | +559% |
| Transfer to tax-exempt reserves | 689 | - | €142,500 | +€142,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €112,406 | €384,973 | +€272,567 | +242% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.