JJRM: what changed
Two fiscal 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.
JJRM
Largest movements
- Cash -€25,639
down €25,639 (-19.6%), from €130,520 to €104,881
mainly Net result for the year (-€61,361) and Receivables within one year (-€6,892)
- Tangible fixed assets -€7,185
down €7,185 (-23.8%), from €30,251 to €23,066
- Receivables within one year +€6,892
up €6,892 (+11.5%), from €59,701 to €66,593
of which Other amounts receivable: +€7,467
- Reserves -€61,361
down €61,361 (-30.7%), from €200,114 to €138,752
- Trade debts +€40,693
up €40,693 (+1043.3%), from €3,900 to €44,594
- Accrued charges and deferred income -€5,775
down €5,775 (-93.5%), from €6,175 to €400
- Gross operating margin -€36,257
down €36,257 (-223.6%), from -€16,214 to -€52,471
- Other operating charges -€6,364
down €6,364 (-88.9%), from €7,158 to €794
- Depreciation +€1,512
up €1,512 (+26.6%), from €5,673 to €7,185
- Financial income +€613
up €613 (+618.6%), from €99 to €712
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.
Cash bridge derived
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 | €220,539 | €194,670 | -€25,869 | -11.7% |
| Fixed assets | 21/28 | €30,251 | €23,066 | -€7,185 | -23.8% |
| Tangible fixed assets | 22/27 | €30,251 | €23,066 | -€7,185 | -23.8% |
| Furniture and vehicles | 24 | €30,251 | €23,066 | -€7,185 | -23.8% |
| Current assets | 29/58 | €190,288 | €171,604 | -€18,685 | -9.8% |
| Amounts receivable within one year | 40/41 | €59,701 | €66,593 | +€6,892 | +11.5% |
| Trade receivables | 40 | €51,404 | €50,829 | -€575 | -1.1% |
| Other amounts receivable | 41 | €8,297 | €15,764 | +€7,467 | +90.0% |
| Cash at bank and in hand | 54/58 | €130,520 | €104,881 | -€25,639 | -19.6% |
| Deferred charges and accrued income | 490/1 | €67 | €130 | +€63 | +95.3% |
| Total equity and liabilities | 10/49 | €220,539 | €194,670 | -€25,869 | -11.7% |
| Equity | 10/15 | €201,114 | €139,752 | -€61,361 | -30.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €200,114 | €138,752 | -€61,361 | -30.7% |
| Distributable reserves | 133 | €200,114 | €138,752 | -€61,361 | -30.7% |
| Amounts payable | 17/49 | €19,426 | €54,918 | +€35,492 | +182.7% |
| Amounts payable within one year | 42/48 | €13,251 | €54,518 | +€41,267 | +311.4% |
| Financial debts | 43 | - | €376 | +€376 | |
| Other loans | 439 | - | €376 | +€376 | |
| Trade debts | 44 | €3,900 | €44,594 | +€40,693 | +1043.3% |
| Suppliers | 440/4 | €3,900 | €44,594 | +€40,693 | +1043.3% |
| Taxes, remuneration and social security | 45 | €9,350 | €9,548 | +€198 | +2.1% |
| Taxes | 450/3 | €7,321 | €3,715 | -€3,606 | -49.3% |
| Remuneration and social security | 454/9 | €2,029 | €5,832 | +€3,803 | +187.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €6,175 | €400 | -€5,775 | -93.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,673 | €7,185 | +€1,512 | +26.6% |
| Other operating charges | 640/8 | €7,158 | €794 | -€6,364 | -88.9% |
| Non-recurring operating charges | 66A | - | €1,028 | +€1,028 | |
| Gross operating margin | 9900 | -€16,214 | -€52,471 | -€36,257 | -223.6% |
| Operating profit (loss) | 9901 | -€29,045 | -€61,477 | -€32,432 | -111.7% |
| Financial income | 75/76B | €99 | €712 | +€613 | +618.6% |
| Recurring financial income | 75 | €99 | €712 | +€613 | +618.6% |
| Financial charges | 65/66B | €166 | €231 | +€65 | +39.2% |
| Recurring financial charges | 65 | €166 | €231 | +€65 | +39.2% |
| Profit (loss) for the period before taxes | 9903 | -€29,112 | -€60,997 | -€31,885 | -109.5% |
| Income taxes | 67/77 | €322 | €365 | +€43 | +13.3% |
| Profit (loss) for the period | 9904 | -€29,434 | -€61,361 | -€31,928 | -108.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,434 | -€61,361 | -€31,928 | -108.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.