JJAT 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.
JJAT Management
Largest movements
- Financial fixed assets +€100,000
up €100,000 (+33.3%), from €300,000 to €400,000
- Receivables within one year -€24,792
down €24,792 (-96.2%), from €25,768 to €976
of which Trade receivables: -€23,721
- Cash +€17,870
up €17,870 (+112%), from €15,912 to €33,782
mainly Other debts (+€52,259) and Trade debts (+€48,487)
- Tangible fixed assets +€17,510
up €17,510 (+500%), from €3,501 to €21,011
of which Plant, machinery and equipment: +€9,912
- Other debts +€52,259
up €52,259 (+51.3%), from €101,863 to €154,122
- Trade debts +€48,487
up €48,487 (+1,186%), from €4,090 to €52,577
- Debts after one year -€41,064
down €41,064 (-27.1%), from €151,519 to €110,455
- Reserves +€40,261
up €40,261 (+118%), from €34,148 to €74,409
- Tax, wage and social debts +€8,891
up €8,891 (+96.1%), from €9,251 to €18,142
- Gross operating margin +€19,680
up €19,680 (+39.2%), from €50,165 to €69,845
- Taxes +€8,891
up €8,891 (+96.1%), from €9,251 to €18,142
- Depreciation +€4,418
up €4,418 (+8,098%), from €55 to €4,472
- Financial charges +€1,428
up €1,428 (+22.6%), from €6,326 to €7,754
- Financial income +€1,301
up €1,301 (+50,052%), from €3 to €1,304
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 | €345,262 | €455,769 | +€110,506 | +32.0% |
| Fixed assets | 21/28 | €303,501 | €421,011 | +€117,510 | +38.7% |
| Tangible fixed assets | 22/27 | €3,501 | €21,011 | +€17,510 | +500% |
| Plant, machinery and equipment | 23 | €3,501 | €13,413 | +€9,912 | +283% |
| Furniture and vehicles | 24 | - | €7,598 | +€7,598 | |
| Financial fixed assets | 28 | €300,000 | €400,000 | +€100,000 | +33.3% |
| Current assets | 29/58 | €41,762 | €34,758 | -€7,004 | -16.8% |
| Amounts receivable within one year | 40/41 | €25,768 | €976 | -€24,792 | -96.2% |
| Trade receivables | 40 | €24,329 | €608 | -€23,721 | -97.5% |
| Other amounts receivable | 41 | €1,439 | €368 | -€1,072 | -74.5% |
| Cash at bank and in hand | 54/58 | €15,912 | €33,782 | +€17,870 | +112% |
| Deferred charges and accrued income | 490/1 | €81 | €0 | -€81 | -100% |
| Total equity and liabilities | 10/49 | €345,262 | €455,769 | +€110,506 | +32.0% |
| Equity | 10/15 | €39,148 | €79,409 | +€40,261 | +103% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €34,148 | €74,409 | +€40,261 | +118% |
| Distributable reserves | 133 | €34,148 | €74,409 | +€40,261 | +118% |
| Amounts payable | 17/49 | €306,114 | €376,360 | +€70,246 | +22.9% |
| Amounts payable after more than one year | 17 | €151,519 | €110,455 | -€41,064 | -27.1% |
| Financial debts | 170/4 | €151,519 | €110,455 | -€41,064 | -27.1% |
| Amounts payable within one year | 42/48 | €154,595 | €265,905 | +€111,310 | +72.0% |
| Current portion of amounts payable after more than one year | 42 | €39,391 | €41,064 | +€1,673 | +4.2% |
| Trade debts | 44 | €4,090 | €52,577 | +€48,487 | +1,186% |
| Suppliers | 440/4 | €4,090 | €52,577 | +€48,487 | +1,186% |
| Taxes, remuneration and social security | 45 | €9,251 | €18,142 | +€8,891 | +96.1% |
| Taxes | 450/3 | €9,251 | €18,142 | +€8,891 | +96.1% |
| Other amounts payable | 47/48 | €101,863 | €154,122 | +€52,259 | +51.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55 | €4,472 | +€4,418 | +8,098% |
| Other operating charges | 640/8 | €387 | €520 | +€132 | +34.2% |
| Gross operating margin | 9900 | €50,165 | €69,845 | +€19,680 | +39.2% |
| Operating profit (loss) | 9901 | €49,723 | €64,853 | +€15,130 | +30.4% |
| Financial income | 75/76B | €3 | €1,304 | +€1,301 | +50,052% |
| Recurring financial income | 75 | €3 | €1,304 | +€1,301 | +50,052% |
| Financial charges | 65/66B | €6,326 | €7,754 | +€1,428 | +22.6% |
| Recurring financial charges | 65 | €6,326 | €7,754 | +€1,428 | +22.6% |
| Profit (loss) for the period before taxes | 9903 | €43,399 | €58,403 | +€15,003 | +34.6% |
| Income taxes | 67/77 | €9,251 | €18,142 | +€8,891 | +96.1% |
| Profit (loss) for the period | 9904 | €34,148 | €40,261 | +€6,113 | +17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €34,148 | €40,261 | +€6,113 | +17.9% |
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 14 October 2026 via checked.be.