JI Management: 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.
JI Management
Largest movements
- Financial fixed assets +€1.1m
up €1.1m (+312%), from €337,050 to €1.4m
- Receivables after one year -€196,132
no longer reported in 2025 (was €196,132)
- Receivables within one year +€60,950
up €60,950 (+67.7%), from €89,992 to €150,942
of which Other amounts receivable: +€56,110
- Current investments +€30,071
up €30,071 (+601%), from €5,000 to €35,071
- Debts after one year +€713,251
up €713,251 (+3,311%), from €21,542 to €734,793
of which Financial debts: +€734,793
- Reserves +€294,308
up €294,308 (+162%), from €181,732 to €476,040
- Other debts -€171,042
down €171,042 (-41.9%), from €408,553 to €237,511
- Current portion of long-term debt +€78,217
up €78,217 (+165%), from €47,392 to €125,609
- Tax, wage and social debts +€25,889
up €25,889 (+311%), from €8,315 to €34,204
of which Taxes: +€19,649
- Gross operating margin +€175,389
up €175,389 (+475%), from €36,955 to €212,343
- Taxes +€49,234
up €49,234 (+594%), from €8,290 to €57,524
- Financial income +€23,079
up €23,079 (+12.3%), from €187,742 to €210,821
- Financial charges +€11,330
up €11,330 (+188%), from €6,032 to €17,362
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 | €670,116 | €1,612,661 | +€942,545 | +141% |
| Fixed assets | 21/28 | €340,259 | €1,389,360 | +€1.0m | +308% |
| Tangible fixed assets | 22/27 | €3,209 | €2,310 | -€899 | -28.0% |
| Furniture and vehicles | 24 | €3,209 | €2,310 | -€899 | -28.0% |
| Financial fixed assets | 28 | €337,050 | €1,387,050 | +€1.1m | +312% |
| Current assets | 29/58 | €329,857 | €223,301 | -€106,556 | -32.3% |
| Amounts receivable after more than one year | 29 | €196,132 | - | -€196,132 | |
| Other amounts receivable | 291 | €196,132 | - | -€196,132 | |
| Amounts receivable within one year | 40/41 | €89,992 | €150,942 | +€60,950 | +67.7% |
| Trade receivables | 40 | €19,360 | €24,200 | +€4,840 | +25.0% |
| Other amounts receivable | 41 | €70,632 | €126,742 | +€56,110 | +79.4% |
| Current investments | 50/53 | €5,000 | €35,071 | +€30,071 | +601% |
| Cash at bank and in hand | 54/58 | €38,613 | €37,288 | -€1,325 | -3.4% |
| Deferred charges and accrued income | 490/1 | €120 | - | -€120 | |
| Total equity and liabilities | 10/49 | €670,116 | €1,612,661 | +€942,545 | +141% |
| Equity | 10/15 | €184,232 | €478,540 | +€294,308 | +160% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €181,732 | €476,040 | +€294,308 | +162% |
| Distributable reserves | 133 | €181,732 | €476,040 | +€294,308 | +162% |
| Amounts payable | 17/49 | €485,885 | €1,134,121 | +€648,237 | +133% |
| Amounts payable after more than one year | 17 | €21,542 | €734,793 | +€713,251 | +3,311% |
| Financial debts | 170/4 | - | €734,793 | +€734,793 | |
| Other amounts payable | 178/9 | €21,542 | - | -€21,542 | |
| Amounts payable within one year | 42/48 | €464,343 | €399,329 | -€65,014 | -14.0% |
| Current portion of amounts payable after more than one year | 42 | €47,392 | €125,609 | +€78,217 | +165% |
| Trade debts | 44 | €83 | €2,005 | +€1,922 | +2,309% |
| Suppliers | 440/4 | €83 | €2,005 | +€1,922 | +2,309% |
| Taxes, remuneration and social security | 45 | €8,315 | €34,204 | +€25,889 | +311% |
| Taxes | 450/3 | €8,315 | €27,964 | +€19,649 | +236% |
| Remuneration and social security | 454/9 | - | €6,240 | +€6,240 | |
| Other amounts payable | 47/48 | €408,553 | €237,511 | -€171,042 | -41.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €899 | €899 | = | 0.0% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €36,955 | €212,343 | +€175,389 | +475% |
| Operating profit (loss) | 9901 | €35,551 | €210,925 | +€175,374 | +493% |
| Financial income | 75/76B | €187,742 | €210,821 | +€23,079 | +12.3% |
| Recurring financial income | 75 | €187,742 | €210,821 | +€23,079 | +12.3% |
| Financial charges | 65/66B | €6,032 | €17,362 | +€11,330 | +188% |
| Recurring financial charges | 65 | €6,032 | €17,362 | +€11,330 | +188% |
| Profit (loss) for the period before taxes | 9903 | €217,261 | €404,384 | +€187,123 | +86.1% |
| Income taxes | 67/77 | €8,290 | €57,524 | +€49,234 | +594% |
| Profit (loss) for the period | 9904 | €208,972 | €346,860 | +€137,888 | +66.0% |
| Profit (loss) for the period to be appropriated | 9905 | €208,972 | €346,860 | +€137,888 | +66.0% |
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 18 October 2026 via checked.be.