JR: 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.
JR
Largest movements
- Current investments +€88,875
up €88,875 (+161.6%), from €55,000 to €143,875
- Cash -€43,378
no longer reported in 2025 (was €43,378)
mainly Current investments (-€88,875) and Contributions, distributions and other (-€48,000)
- Tangible fixed assets -€9,954
down €9,954 (-51.7%), from €19,251 to €9,297
of which Furniture and vehicles: -€8,430
- Other debts +€39,564
up €39,564 (+132.5%), from €29,862 to €69,425
- Tax, wage and social debts -€4,293
down €4,293 (-81.3%), from €5,282 to €989
of which Taxes: -€4,293
- Reserves +€2,095
up €2,095 (+2.4%), from €85,637 to €87,732
- Trade debts -€1,784
down €1,784 (-35.9%), from €4,968 to €3,184
- Taxes -€4,152
down €4,152 (-17.3%), from €23,994 to €19,842
- Financial charges -€2,486
down €2,486 (-90.5%), from €2,746 to €260
of which Financial charges: -€2,143
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 | €126,748 | €162,330 | +€35,582 | +28.1% |
| Fixed assets | 21/28 | €23,251 | €13,297 | -€9,954 | -42.8% |
| Tangible fixed assets | 22/27 | €19,251 | €9,297 | -€9,954 | -51.7% |
| Plant, machinery and equipment | 23 | €3,606 | €2,082 | -€1,524 | -42.3% |
| Furniture and vehicles | 24 | €15,645 | €7,215 | -€8,430 | -53.9% |
| Financial fixed assets | 28 | €4,000 | €4,000 | = | 0.0% |
| Current assets | 29/58 | €103,498 | €149,034 | +€45,536 | +44.0% |
| Amounts receivable within one year | 40/41 | €5,120 | €5,158 | +€39 | +0.8% |
| Other amounts receivable | 41 | €5,120 | €5,158 | +€39 | +0.8% |
| Current investments | 50/53 | €55,000 | €143,875 | +€88,875 | +161.6% |
| Cash at bank and in hand | 54/58 | €43,378 | - | -€43,378 | |
| Total equity and liabilities | 10/49 | €126,748 | €162,330 | +€35,582 | +28.1% |
| Equity | 10/15 | €86,637 | €88,732 | +€2,095 | +2.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €85,637 | €87,732 | +€2,095 | +2.4% |
| Distributable reserves | 133 | €85,637 | €87,732 | +€2,095 | +2.4% |
| Amounts payable | 17/49 | €40,112 | €73,599 | +€33,487 | +83.5% |
| Amounts payable within one year | 42/48 | €40,112 | €73,599 | +€33,487 | +83.5% |
| Trade debts | 44 | €4,968 | €3,184 | -€1,784 | -35.9% |
| Suppliers | 440/4 | €4,968 | €3,184 | -€1,784 | -35.9% |
| Taxes, remuneration and social security | 45 | €5,282 | €989 | -€4,293 | -81.3% |
| Taxes | 450/3 | €4,952 | €659 | -€4,293 | -86.7% |
| Remuneration and social security | 454/9 | €330 | €330 | = | 0.0% |
| Other amounts payable | 47/48 | €29,862 | €69,425 | +€39,564 | +132.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,996 | €9,137 | +€141 | +1.6% |
| Other operating charges | 640/8 | €1,124 | €1,151 | +€27 | +2.4% |
| Non-recurring operating charges | 66A | - | €160 | +€160 | |
| Gross operating margin | 9900 | €80,726 | €80,645 | -€81 | -0.1% |
| Operating profit (loss) | 9901 | €70,605 | €70,197 | -€408 | -0.6% |
| Financial charges | 65/66B | €2,746 | €260 | -€2,486 | -90.5% |
| Recurring financial charges | 65 | €2,403 | €260 | -€2,143 | -89.2% |
| Non-recurring financial charges | 66B | €343 | - | -€343 | |
| Profit (loss) for the period before taxes | 9903 | €67,859 | €69,937 | +€2,077 | +3.1% |
| Income taxes | 67/77 | €23,994 | €19,842 | -€4,152 | -17.3% |
| Profit (loss) for the period | 9904 | €43,865 | €50,095 | +€6,230 | +14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €43,865 | €50,095 | +€6,230 | +14.2% |
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 10 October 2026 via checked.be.