JR-CAI: 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-CAI
Largest movements
- Tangible fixed assets -€83,620
down €83,620 (-4.0%), from €2.1m to €2.0m
- Other debts +€96,759
up €96,759 (+18.2%), from €530,618 to €627,377
- Profit (loss) carried forward -€95,841
down €95,841 (-47.5%), from -€201,654 to -€297,495
- Debts after one year -€74,224
down €74,224 (-4.1%), from €1.8m to €1.7m
- Depreciation -€21,956
down €21,956 (-17.5%), from €125,789 to €103,832
- Financial charges -€8,767
down €8,767 (-10.4%), from €84,152 to €75,385
- Gross operating margin +€8,421
up €8,421 (+7.1%), from €119,434 to €127,855
- Other operating charges +€1,440
up €1,440 (+3.3%), from €43,043 to €44,484
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 | €2,368,312 | €2,304,306 | -€64,006 | -2.7% |
| Fixed assets | 21/28 | €2,113,338 | €2,029,718 | -€83,620 | -4.0% |
| Tangible fixed assets | 22/27 | €2,113,338 | €2,029,718 | -€83,620 | -4.0% |
| Land and buildings | 22 | €2,113,338 | €2,029,718 | -€83,620 | -4.0% |
| Current assets | 29/58 | €254,974 | €274,588 | +€19,614 | +7.7% |
| Stocks and contracts in progress | 3 | €219,012 | €235,989 | +€16,977 | +7.8% |
| Stocks | 30/36 | €219,012 | €235,989 | +€16,977 | +7.8% |
| Amounts receivable within one year | 40/41 | €10,613 | €11,736 | +€1,124 | +10.6% |
| Trade receivables | 40 | €10,010 | €11,582 | +€1,572 | +15.7% |
| Other amounts receivable | 41 | €602 | €154 | -€449 | -74.5% |
| Cash at bank and in hand | 54/58 | €4,317 | €7,897 | +€3,580 | +82.9% |
| Deferred charges and accrued income | 490/1 | €21,032 | €18,966 | -€2,066 | -9.8% |
| Total equity and liabilities | 10/49 | €2,368,312 | €2,304,306 | -€64,006 | -2.7% |
| Equity | 10/15 | -€184,631 | -€280,472 | -€95,841 | -51.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €10,824 | €10,824 | = | 0.0% |
| Distributable reserves | 133 | €10,824 | €10,824 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€201,654 | -€297,495 | -€95,841 | -47.5% |
| Amounts payable | 17/49 | €2,552,942 | €2,584,777 | +€31,835 | +1.2% |
| Amounts payable after more than one year | 17 | €1,792,159 | €1,717,935 | -€74,224 | -4.1% |
| Financial debts | 170/4 | €1,792,159 | €1,717,935 | -€74,224 | -4.1% |
| Amounts payable within one year | 42/48 | €748,826 | €855,543 | +€106,717 | +14.3% |
| Current portion of amounts payable after more than one year | 42 | €196,682 | €199,224 | +€2,542 | +1.3% |
| Trade debts | 44 | €21,526 | €28,942 | +€7,416 | +34.5% |
| Suppliers | 440/4 | €21,526 | €28,942 | +€7,416 | +34.5% |
| Other amounts payable | 47/48 | €530,618 | €627,377 | +€96,759 | +18.2% |
| Accrued charges and deferred income | 492/3 | €11,958 | €11,299 | -€658 | -5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €125,789 | €103,832 | -€21,956 | -17.5% |
| Other operating charges | 640/8 | €43,043 | €44,484 | +€1,440 | +3.3% |
| Gross operating margin | 9900 | €119,434 | €127,855 | +€8,421 | +7.1% |
| Operating profit (loss) | 9901 | -€49,398 | -€20,461 | +€28,937 | +58.6% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €84,152 | €75,385 | -€8,767 | -10.4% |
| Recurring financial charges | 65 | €84,152 | €75,385 | -€8,767 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | -€133,550 | -€95,841 | +€37,709 | +28.2% |
| Profit (loss) for the period | 9904 | -€133,550 | -€95,841 | +€37,709 | +28.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€133,550 | -€95,841 | +€37,709 | +28.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.