JProjects: 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.
JProjects
Largest movements
- Cash -€34,672
down €34,672 (-26.3%), from €131,899 to €97,227
mainly Other debts (-€55,263) and Investment in fixed assets (net) (-€12,409)
- Receivables within one year +€7,921
up €7,921 (+91.0%), from €8,702 to €16,623
of which Trade receivables: +€7,921
- Other debts -€55,263
down €55,263 (-87.5%), from €63,127 to €7,865
- Reserves +€47,114
up €47,114 (+69.6%), from €67,740 to €114,855
- Accrued charges and deferred income -€8,063
down €8,063 (-92.3%), from €8,737 to €674
- Trade debts -€7,115
down €7,115 (-89.2%), from €7,976 to €861
- Tax, wage and social debts -€2,586
down €2,586 (-11.8%), from €21,905 to €19,319
- Gross operating margin -€43,925
down €43,925 (-36.8%), from €119,206 to €75,281
- Financial charges -€5,563
down €5,563 (-76.6%), from €7,265 to €1,702
- Taxes -€5,136
down €5,136 (-28.2%), from €18,242 to €13,106
- Depreciation -€4,541
down €4,541 (-27.7%), from €16,419 to €11,878
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 | €169,585 | €143,673 | -€25,912 | -15.3% |
| Fixed assets | 21/28 | €28,183 | €28,714 | +€531 | +1.9% |
| Tangible fixed assets | 22/27 | €28,183 | €28,714 | +€531 | +1.9% |
| Plant, machinery and equipment | 23 | €1,568 | €1,039 | -€530 | -33.8% |
| Furniture and vehicles | 24 | €26,615 | €27,676 | +€1,061 | +4.0% |
| Current assets | 29/58 | €141,402 | €114,959 | -€26,443 | -18.7% |
| Amounts receivable within one year | 40/41 | €8,702 | €16,623 | +€7,921 | +91.0% |
| Trade receivables | 40 | €8,657 | €16,578 | +€7,921 | +91.5% |
| Other amounts receivable | 41 | €45 | €45 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €131,899 | €97,227 | -€34,672 | -26.3% |
| Deferred charges and accrued income | 490/1 | €801 | €1,109 | +€308 | +38.5% |
| Total equity and liabilities | 10/49 | €169,585 | €143,673 | -€25,912 | -15.3% |
| Equity | 10/15 | €67,840 | €114,955 | +€47,114 | +69.4% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €67,740 | €114,855 | +€47,114 | +69.6% |
| Distributable reserves | 133 | €67,740 | €114,855 | +€47,114 | +69.6% |
| Amounts payable | 17/49 | €101,745 | €28,719 | -€73,026 | -71.8% |
| Amounts payable within one year | 42/48 | €93,008 | €28,045 | -€64,963 | -69.8% |
| Trade debts | 44 | €7,976 | €861 | -€7,115 | -89.2% |
| Suppliers | 440/4 | €7,976 | €861 | -€7,115 | -89.2% |
| Taxes, remuneration and social security | 45 | €21,905 | €19,319 | -€2,586 | -11.8% |
| Taxes | 450/3 | €21,905 | €19,319 | -€2,586 | -11.8% |
| Other amounts payable | 47/48 | €63,127 | €7,865 | -€55,263 | -87.5% |
| Accrued charges and deferred income | 492/3 | €8,737 | €674 | -€8,063 | -92.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,419 | €11,878 | -€4,541 | -27.7% |
| Other operating charges | 640/8 | €1,460 | €1,034 | -€426 | -29.1% |
| Non-recurring operating charges | 66A | €8,080 | €778 | -€7,302 | -90.4% |
| Gross operating margin | 9900 | €119,206 | €75,281 | -€43,925 | -36.8% |
| Operating profit (loss) | 9901 | €93,247 | €61,590 | -€31,657 | -33.9% |
| Financial income | 75/76B | €0 | €332 | +€332 | +474114.3% |
| Recurring financial income | 75 | €0 | €332 | +€332 | +474114.3% |
| Financial charges | 65/66B | €7,265 | €1,702 | -€5,563 | -76.6% |
| Recurring financial charges | 65 | €7,265 | €1,702 | -€5,563 | -76.6% |
| Profit (loss) for the period before taxes | 9903 | €85,982 | €60,220 | -€25,762 | -30.0% |
| Income taxes | 67/77 | €18,242 | €13,106 | -€5,136 | -28.2% |
| Profit (loss) for the period | 9904 | €67,740 | €47,114 | -€20,626 | -30.4% |
| Profit (loss) for the period to be appropriated | 9905 | €67,740 | €47,114 | -€20,626 | -30.4% |
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 1 October 2026 via checked.be.