JRC: 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.
JRC
Largest movements
- Current investments -€100,000
down €100,000 (-33.3%), from €300,000 to €200,000
- Cash +€73,560
up €73,560 (+146%), from €50,347 to €123,907
mainly Current investments (+€100,000) and Depreciation (+€18,055)
- Tangible fixed assets -€18,055
down €18,055 (-9.1%), from €197,858 to €179,803
of which Land and buildings: -€13,604
- Reserves -€15,368
down €15,368 (-4.4%), from €347,819 to €332,451
of which Distributable reserves: -€15,368
- Other debts -€13,925
down €13,925 (-10.6%), from €131,578 to €117,653
- Debts after one year -€10,827
down €10,827 (-33.6%), from €32,263 to €21,436
- Trade debts -€5,552
down €5,552 (-88.5%), from €6,271 to €719
- Gross operating margin +€3,722
up €3,722 (+70.6%), from €5,274 to €8,996
- Other operating charges -€1,005
down €1,005 (-23.5%), from €4,271 to €3,266
- Financial income +€329
up €329 (+3.1%), from €10,699 to €11,028
- Financial charges -€306
down €306 (-2.1%), from €14,376 to €14,070
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 | €552,352 | €507,768 | -€44,583 | -8.1% |
| Fixed assets | 21/28 | €197,858 | €179,803 | -€18,055 | -9.1% |
| Tangible fixed assets | 22/27 | €197,858 | €179,803 | -€18,055 | -9.1% |
| Land and buildings | 22 | €183,160 | €169,557 | -€13,604 | -7.4% |
| Plant, machinery and equipment | 23 | €14,698 | €10,246 | -€4,452 | -30.3% |
| Current assets | 29/58 | €354,494 | €327,966 | -€26,528 | -7.5% |
| Amounts receivable within one year | 40/41 | €3,210 | €3,760 | +€550 | +17.1% |
| Trade receivables | 40 | - | €451 | +€451 | |
| Other amounts receivable | 41 | €3,210 | €3,308 | +€99 | +3.1% |
| Current investments | 50/53 | €300,000 | €200,000 | -€100,000 | -33.3% |
| Cash at bank and in hand | 54/58 | €50,347 | €123,907 | +€73,560 | +146% |
| Deferred charges and accrued income | 490/1 | €937 | €299 | -€638 | -68.0% |
| Total equity and liabilities | 10/49 | €552,352 | €507,768 | -€44,583 | -8.1% |
| Equity | 10/15 | €366,419 | €351,051 | -€15,368 | -4.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €347,819 | €332,451 | -€15,368 | -4.4% |
| Tax-exempt reserves | 132 | €2,080 | €2,080 | = | 0.0% |
| Distributable reserves | 133 | €345,739 | €330,371 | -€15,368 | -4.4% |
| Provisions and deferred taxes | 16 | €4,338 | €2,877 | -€1,460 | -33.7% |
| Provisions for liabilities and charges | 160/5 | €4,338 | €2,877 | -€1,460 | -33.7% |
| Environmental obligations | 163 | €4,338 | €2,877 | -€1,460 | -33.7% |
| Amounts payable | 17/49 | €181,595 | €153,840 | -€27,755 | -15.3% |
| Amounts payable after more than one year | 17 | €32,263 | €21,436 | -€10,827 | -33.6% |
| Financial debts | 170/4 | €32,263 | €21,436 | -€10,827 | -33.6% |
| Amounts payable within one year | 42/48 | €149,332 | €130,006 | -€19,326 | -12.9% |
| Current portion of amounts payable after more than one year | 42 | €10,256 | €10,827 | +€570 | +5.6% |
| Trade debts | 44 | €6,271 | €719 | -€5,552 | -88.5% |
| Suppliers | 440/4 | €6,271 | €719 | -€5,552 | -88.5% |
| Advances received on contracts in progress | 46 | €1,095 | - | -€1,095 | |
| Taxes, remuneration and social security | 45 | €131 | €807 | +€675 | +514% |
| Taxes | 450/3 | €131 | €807 | +€675 | +514% |
| Other amounts payable | 47/48 | €131,578 | €117,653 | -€13,925 | -10.6% |
| Accrued charges and deferred income | 492/3 | - | €2,398 | +€2,398 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,055 | €18,055 | -€0 | 0.0% |
| Other operating charges | 640/8 | €4,271 | €3,266 | -€1,005 | -23.5% |
| Gross operating margin | 9900 | €5,274 | €8,996 | +€3,722 | +70.6% |
| Operating profit (loss) | 9901 | -€17,053 | -€12,326 | +€4,727 | +27.7% |
| Financial income | 75/76B | €10,699 | €11,028 | +€329 | +3.1% |
| Recurring financial income | 75 | €10,699 | €11,028 | +€329 | +3.1% |
| Financial charges | 65/66B | €14,376 | €14,070 | -€306 | -2.1% |
| Recurring financial charges | 65 | €14,376 | €14,070 | -€306 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | -€20,729 | -€15,368 | +€5,361 | +25.9% |
| Profit (loss) for the period | 9904 | -€20,729 | -€15,368 | +€5,361 | +25.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,729 | -€15,368 | +€5,361 | +25.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.