JJAX: 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.
JJAX
Largest movements
- Tangible fixed assets +€381,208
up €381,208 (+584%), from €65,326 to €446,533
of which Land and buildings: +€397,163
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Cash +€99,585
up €99,585 (+234%), from €42,565 to €142,150
mainly Debts after one year (+€175,689) and Other debts (+€116,822)
- Receivables within one year +€67,793
up €67,793 (+56.1%), from €120,946 to €188,739
of which Other amounts receivable: +€67,793
- Debts after one year +€175,689
up €175,689 (+358%), from €49,094 to €224,783
- Other debts +€116,822
up €116,822 (+69.8%), from €167,358 to €284,180
- Profit (loss) carried forward +€114,057
up €114,057 (+142%), from €80,457 to €194,514
- Tax, wage and social debts +€34,413
up €34,413 (+141%), from €24,457 to €58,870
- Gross operating margin +€97,786
up €97,786 (+75.0%), from €130,378 to €228,164
- Other operating charges +€49,328
up €49,328 (+5,486%), from €899 to €50,227
- Taxes +€10,076
up €10,076 (+40.8%), from €24,719 to €34,794
- Financial charges +€3,721
up €3,721 (+108%), from €3,450 to €7,172
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 | €339,396 | €787,982 | +€448,586 | +132% |
| Fixed assets | 21/28 | €75,886 | €457,093 | +€381,208 | +502% |
| Tangible fixed assets | 22/27 | €65,326 | €446,533 | +€381,208 | +584% |
| Land and buildings | 22 | - | €397,163 | +€397,163 | |
| Plant, machinery and equipment | 23 | - | €1,416 | +€1,416 | |
| Furniture and vehicles | 24 | €65,326 | €47,954 | -€17,371 | -26.6% |
| Financial fixed assets | 28 | €10,560 | €10,560 | = | 0.0% |
| Current assets | 29/58 | €263,511 | €330,889 | +€67,378 | +25.6% |
| Amounts receivable within one year | 40/41 | €120,946 | €188,739 | +€67,793 | +56.1% |
| Trade receivables | 40 | €15,000 | €15,000 | = | 0.0% |
| Other amounts receivable | 41 | €105,946 | €173,739 | +€67,793 | +64.0% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €42,565 | €142,150 | +€99,585 | +234% |
| Total equity and liabilities | 10/49 | €339,396 | €787,982 | +€448,586 | +132% |
| Equity | 10/15 | €83,457 | €197,514 | +€114,057 | +137% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,457 | €194,514 | +€114,057 | +142% |
| Amounts payable | 17/49 | €255,940 | €590,468 | +€334,529 | +131% |
| Amounts payable after more than one year | 17 | €49,094 | €224,783 | +€175,689 | +358% |
| Financial debts | 170/4 | €49,094 | €224,783 | +€175,689 | +358% |
| Amounts payable within one year | 42/48 | €206,824 | €365,663 | +€158,839 | +76.8% |
| Current portion of amounts payable after more than one year | 42 | €15,009 | €22,614 | +€7,604 | +50.7% |
| Taxes, remuneration and social security | 45 | €24,457 | €58,870 | +€34,413 | +141% |
| Taxes | 450/3 | €24,457 | €58,870 | +€34,413 | +141% |
| Other amounts payable | 47/48 | €167,358 | €284,180 | +€116,822 | +69.8% |
| Accrued charges and deferred income | 492/3 | €22 | €22 | +€0 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,725 | €23,191 | +€1,467 | +6.8% |
| Other operating charges | 640/8 | €899 | €50,227 | +€49,328 | +5,486% |
| Gross operating margin | 9900 | €130,378 | €228,164 | +€97,786 | +75.0% |
| Operating profit (loss) | 9901 | €107,754 | €154,746 | +€46,991 | +43.6% |
| Financial income | 75/76B | €872 | €1,277 | +€406 | +46.6% |
| Recurring financial income | 75 | €872 | €1,277 | +€406 | +46.6% |
| Financial charges | 65/66B | €3,450 | €7,172 | +€3,721 | +108% |
| Recurring financial charges | 65 | €3,450 | €7,172 | +€3,721 | +108% |
| Profit (loss) for the period before taxes | 9903 | €105,176 | €148,851 | +€43,676 | +41.5% |
| Income taxes | 67/77 | €24,719 | €34,794 | +€10,076 | +40.8% |
| Profit (loss) for the period | 9904 | €80,457 | €114,057 | +€33,600 | +41.8% |
| Profit (loss) for the period to be appropriated | 9905 | €80,457 | €114,057 | +€33,600 | +41.8% |
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 13 October 2026 via checked.be.