JQ-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.
JQ-MANAGEMENT
Largest movements
- Receivables within one year -€20,933
down €20,933 (-45.2%), from €46,290 to €25,357
of which Other amounts receivable: -€32,731
- Cash +€6,163
up €6,163 (+167%), from €3,693 to €9,855
mainly Net result for the year (+€31,309) and Receivables within one year (+€20,933)
- Profit (loss) carried forward -€11,612
down €11,612 (-27.1%), from €42,921 to €31,309
- Other debts -€5,919
down €5,919 (-100%), from €5,919 to €0
- Tax, wage and social debts +€2,766
up €2,766 (+574%), from €482 to €3,248
- Gross operating margin +€40,838
up €40,838 (+2,488%), from €1,641 to €42,479
- Taxes +€11,099
up €11,099, from €0 to €11,099
- Financial income +€1,220
up €1,220 (+36,638%), from €3 to €1,223
- Depreciation -€554
down €554 (-69.0%), from €804 to €249
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 | €50,232 | €35,212 | -€15,020 | -29.9% |
| Fixed assets | 21/28 | €249 | €0 | -€249 | -100% |
| Tangible fixed assets | 22/27 | €249 | €0 | -€249 | -100% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €249 | €0 | -€249 | -100% |
| Current assets | 29/58 | €49,983 | €35,212 | -€14,771 | -29.6% |
| Amounts receivable within one year | 40/41 | €46,290 | €25,357 | -€20,933 | -45.2% |
| Trade receivables | 40 | €4,315 | €16,113 | +€11,798 | +273% |
| Other amounts receivable | 41 | €41,975 | €9,244 | -€32,731 | -78.0% |
| Cash at bank and in hand | 54/58 | €3,693 | €9,855 | +€6,163 | +167% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €50,232 | €35,212 | -€15,020 | -29.9% |
| Equity | 10/15 | €43,021 | €31,409 | -€11,612 | -27.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,921 | €31,309 | -€11,612 | -27.1% |
| Amounts payable | 17/49 | €7,211 | €3,803 | -€3,408 | -47.3% |
| Amounts payable within one year | 42/48 | €7,121 | €3,701 | -€3,420 | -48.0% |
| Trade debts | 44 | €721 | €453 | -€267 | -37.1% |
| Suppliers | 440/4 | €721 | €453 | -€267 | -37.1% |
| Taxes, remuneration and social security | 45 | €482 | €3,248 | +€2,766 | +574% |
| Taxes | 450/3 | €482 | €3,248 | +€2,766 | +574% |
| Other amounts payable | 47/48 | €5,919 | €0 | -€5,919 | -100% |
| Accrued charges and deferred income | 492/3 | €90 | €102 | +€12 | +13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €804 | €249 | -€554 | -69.0% |
| Other operating charges | 640/8 | €507 | €531 | +€24 | +4.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,641 | €42,479 | +€40,838 | +2,488% |
| Operating profit (loss) | 9901 | €330 | €41,699 | +€41,369 | +12,531% |
| Financial income | 75/76B | €3 | €1,223 | +€1,220 | +36,638% |
| Recurring financial income | 75 | €3 | €1,223 | +€1,220 | +36,638% |
| Financial charges | 65/66B | €735 | €513 | -€222 | -30.2% |
| Recurring financial charges | 65 | €735 | €513 | -€222 | -30.2% |
| Profit (loss) for the period before taxes | 9903 | -€402 | €42,409 | +€42,810 | |
| Income taxes | 67/77 | €0 | €11,099 | +€11,099 | |
| Profit (loss) for the period | 9904 | -€402 | €31,309 | +€31,711 | |
| Profit (loss) for the period to be appropriated | 9905 | -€402 | €31,309 | +€31,711 |
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 16 October 2026 via checked.be.