JJ&Co: 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.
JJ&Co
Largest movements
- Current investments +€270,000
up €270,000, from €0 to €270,000
- Cash -€218,373
down €218,373 (-63.4%), from €344,412 to €126,039
mainly Current investments (-€270,000) and Investment in fixed assets (net) (-€34,810)
- Reserves +€88,721
up €88,721 (+19.0%), from €467,550 to €556,271
of which Distributable reserves: +€88,721
- Gross operating margin -€10,857
down €10,857 (-6.8%), from €160,380 to €149,523
- Taxes -€6,682
down €6,682 (-13.8%), from €48,472 to €41,790
- Depreciation +€2,855
up €2,855 (+16.3%), from €17,484 to €20,339
- Financial income -€1,826
down €1,826 (-22.8%), from €7,997 to €6,172
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 | €2,580,844 | €2,659,425 | +€78,581 | +3.0% |
| Fixed assets | 21/28 | €2,047,407 | €2,061,878 | +€14,471 | +0.7% |
| Intangible fixed assets | 21 | - | €4,977 | +€4,977 | |
| Tangible fixed assets | 22/27 | €196,510 | €196,704 | +€194 | +0.1% |
| Land and buildings | 22 | €188,286 | €190,421 | +€2,135 | +1.1% |
| Other tangible fixed assets | 26 | €8,224 | €6,283 | -€1,941 | -23.6% |
| Financial fixed assets | 28 | €1,850,896 | €1,860,196 | +€9,300 | +0.5% |
| Current assets | 29/58 | €533,437 | €597,547 | +€64,110 | +12.0% |
| Amounts receivable within one year | 40/41 | €182,465 | €195,258 | +€12,794 | +7.0% |
| Trade receivables | 40 | €24,200 | €51,508 | +€27,308 | +113% |
| Other amounts receivable | 41 | €158,265 | €143,750 | -€14,515 | -9.2% |
| Current investments | 50/53 | €0 | €270,000 | +€270,000 | |
| Cash at bank and in hand | 54/58 | €344,412 | €126,039 | -€218,373 | -63.4% |
| Deferred charges and accrued income | 490/1 | €6,561 | €6,250 | -€311 | -4.7% |
| Total equity and liabilities | 10/49 | €2,580,844 | €2,659,425 | +€78,581 | +3.0% |
| Equity | 10/15 | €2,406,720 | €2,495,441 | +€88,721 | +3.7% |
| Contributions | 10/11 | €1,937,878 | €1,937,878 | = | 0.0% |
| Reserves | 13 | €467,550 | €556,271 | +€88,721 | +19.0% |
| Tax-exempt reserves | 132 | €22,881 | €22,881 | = | 0.0% |
| Distributable reserves | 133 | €444,669 | €533,390 | +€88,721 | +20.0% |
| Profit (loss) carried forward | 14 | €1,292 | €1,292 | = | 0.0% |
| Amounts payable | 17/49 | €174,123 | €163,984 | -€10,139 | -5.8% |
| Amounts payable after more than one year | 17 | €115,760 | €104,352 | -€11,408 | -9.9% |
| Financial debts | 170/4 | €115,760 | €104,352 | -€11,408 | -9.9% |
| Amounts payable within one year | 42/48 | €58,363 | €59,632 | +€1,269 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €11,259 | €11,408 | +€149 | +1.3% |
| Trade debts | 44 | €4,246 | €8,288 | +€4,042 | +95.2% |
| Suppliers | 440/4 | €4,246 | €8,288 | +€4,042 | +95.2% |
| Taxes, remuneration and social security | 45 | €42,858 | €29,721 | -€13,137 | -30.7% |
| Taxes | 450/3 | €42,858 | €29,721 | -€13,137 | -30.7% |
| Other amounts payable | 47/48 | €0 | €10,215 | +€10,215 | |
| Non-recurring operating income | 76A | - | €6,250 | +€6,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,484 | €20,339 | +€2,855 | +16.3% |
| Other operating charges | 640/8 | €2,132 | €1,932 | -€199 | -9.3% |
| Gross operating margin | 9900 | €160,380 | €149,523 | -€10,857 | -6.8% |
| Operating profit (loss) | 9901 | €140,764 | €127,251 | -€13,513 | -9.6% |
| Financial income | 75/76B | €7,997 | €6,172 | -€1,826 | -22.8% |
| Recurring financial income | 75 | €7,997 | €6,172 | -€1,826 | -22.8% |
| Financial charges | 65/66B | €1,514 | €2,912 | +€1,398 | +92.3% |
| Recurring financial charges | 65 | €1,514 | €2,912 | +€1,398 | +92.3% |
| Profit (loss) for the period before taxes | 9903 | €147,247 | €130,511 | -€16,736 | -11.4% |
| Income taxes | 67/77 | €48,472 | €41,790 | -€6,682 | -13.8% |
| Profit (loss) for the period | 9904 | €98,775 | €88,721 | -€10,055 | -10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €98,775 | €88,721 | -€10,055 | -10.2% |
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 27 October 2026 via checked.be.