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
- Cash +€42,672
up €42,672 (+214%), from €19,934 to €62,606
mainly Net result for the year (+€78,379) and Short-term financial debts (+€13,365)
- Tangible fixed assets -€7,050
down €7,050 (-2.6%), from €275,978 to €268,928
of which Land and buildings: -€6,579
- Reserves +€41,634
up €41,634 (+133%), from €31,264 to €72,898
- Debts after one year -€16,347
down €16,347 (-8.4%), from €194,438 to €178,091
- Short-term financial debts +€13,365
new in 2025: €13,365
- Current portion of long-term debt -€8,849
down €8,849 (-35.1%), from €25,197 to €16,347
- Trade debts -€4,101
down €4,101 (-63.4%), from €6,472 to €2,372
- Gross operating margin +€37,424
up €37,424 (+46.1%), from €81,174 to €118,599
- Taxes +€7,123
up €7,123 (+50.8%), from €14,032 to €21,156
- Financial charges +€1,446
up €1,446 (+24.6%), from €5,883 to €7,329
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 | €316,875 | €349,450 | +€32,575 | +10.3% |
| Fixed assets | 21/28 | €276,018 | €268,968 | -€7,050 | -2.6% |
| Tangible fixed assets | 22/27 | €275,978 | €268,928 | -€7,050 | -2.6% |
| Land and buildings | 22 | €274,856 | €268,277 | -€6,579 | -2.4% |
| Furniture and vehicles | 24 | €1,122 | €651 | -€471 | -41.9% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €40,857 | €80,481 | +€39,624 | +97.0% |
| Amounts receivable within one year | 40/41 | €18,444 | €17,875 | -€569 | -3.1% |
| Trade receivables | 40 | €17,476 | €16,964 | -€512 | -2.9% |
| Other amounts receivable | 41 | €968 | €911 | -€57 | -5.8% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €19,934 | €62,606 | +€42,672 | +214% |
| Deferred charges and accrued income | 490/1 | €2,479 | €0 | -€2,479 | -100% |
| Total equity and liabilities | 10/49 | €316,875 | €349,450 | +€32,575 | +10.3% |
| Equity | 10/15 | €49,864 | €91,498 | +€41,634 | +83.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €31,264 | €72,898 | +€41,634 | +133% |
| Distributable reserves | 133 | €31,264 | €72,898 | +€41,634 | +133% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €267,011 | €257,951 | -€9,060 | -3.4% |
| Amounts payable after more than one year | 17 | €194,438 | €178,091 | -€16,347 | -8.4% |
| Financial debts | 170/4 | €194,438 | €178,091 | -€16,347 | -8.4% |
| Amounts payable within one year | 42/48 | €72,139 | €79,860 | +€7,721 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €25,197 | €16,347 | -€8,849 | -35.1% |
| Financial debts | 43 | - | €13,365 | +€13,365 | |
| Credit institutions | 430/8 | - | €13,365 | +€13,365 | |
| Trade debts | 44 | €6,472 | €2,372 | -€4,101 | -63.4% |
| Suppliers | 440/4 | €6,472 | €2,372 | -€4,101 | -63.4% |
| Taxes, remuneration and social security | 45 | €7,676 | €11,032 | +€3,356 | +43.7% |
| Taxes | 450/3 | €7,676 | €11,032 | +€3,356 | +43.7% |
| Other amounts payable | 47/48 | €32,794 | €36,744 | +€3,950 | +12.0% |
| Accrued charges and deferred income | 492/3 | €434 | €0 | -€434 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,170 | €9,729 | -€441 | -4.3% |
| Other operating charges | 640/8 | €1,220 | €2,014 | +€794 | +65.1% |
| Non-recurring operating charges | 66A | €128 | €0 | -€128 | -100% |
| Gross operating margin | 9900 | €81,174 | €118,599 | +€37,424 | +46.1% |
| Operating profit (loss) | 9901 | €69,655 | €106,855 | +€37,200 | +53.4% |
| Financial income | 75/76B | €4 | €9 | +€5 | +110% |
| Recurring financial income | 75 | €4 | €9 | +€5 | +110% |
| Financial charges | 65/66B | €5,883 | €7,329 | +€1,446 | +24.6% |
| Recurring financial charges | 65 | €5,883 | €7,329 | +€1,446 | +24.6% |
| Profit (loss) for the period before taxes | 9903 | €63,776 | €99,534 | +€35,758 | +56.1% |
| Income taxes | 67/77 | €14,032 | €21,156 | +€7,123 | +50.8% |
| Profit (loss) for the period | 9904 | €49,744 | €78,379 | +€28,635 | +57.6% |
| Profit (loss) for the period to be appropriated | 9905 | €49,744 | €78,379 | +€28,635 | +57.6% |
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 14 October 2026 via checked.be.