JRCC: 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.
JRCC
Largest movements
- Stocks and contracts -€673,526
down €673,526 (-100%), from €673,526 to €0
- Cash +€187,720
up €187,720 (+468%), from €40,114 to €227,834
mainly Stocks and contracts (+€673,526) and Tax, wage and social debts (+€158,757)
- Tangible fixed assets -€31,828
down €31,828 (-5.5%), from €580,935 to €549,107
of which Land and buildings: -€29,800
- Receivables within one year -€22,062
down €22,062 (-24.3%), from €90,879 to €68,817
of which Other amounts receivable: -€22,469
- Debts after one year -€682,372
down €682,372 (-64.5%), from €1.1m to €376,209
of which Financial debts: -€683,472
- Tax, wage and social debts +€158,757
up €158,757 (+992%), from €15,999 to €174,757
- Profit (loss) carried forward +€34,652
up €34,652 (+40.6%), from €85,440 to €120,092
- Trade debts -€31,163
down €31,163 (-97.2%), from €32,066 to €903
- Current portion of long-term debt -€20,146
down €20,146 (-35.4%), from €56,895 to €36,749
- Gross operating margin +€63,777
up €63,777 (+43.2%), from €147,575 to €211,352
- Financial charges +€55,048
up €55,048 (+665%), from €8,278 to €63,325
- Other operating charges +€6,833
up €6,833 (+15.9%), from €43,024 to €49,857
- Write-downs -€6,808
down €6,808 (-100%), from €6,808 to €0
- Taxes +€5,139
up €5,139 (+38.8%), from €13,234 to €18,373
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 | €1,391,056 | €850,253 | -€540,803 | -38.9% |
| Fixed assets | 21/28 | €580,935 | €549,107 | -€31,828 | -5.5% |
| Tangible fixed assets | 22/27 | €580,935 | €549,107 | -€31,828 | -5.5% |
| Land and buildings | 22 | €577,606 | €547,806 | -€29,800 | -5.2% |
| Plant, machinery and equipment | 23 | €1,688 | €1,240 | -€448 | -26.5% |
| Furniture and vehicles | 24 | €1,641 | €61 | -€1,580 | -96.3% |
| Current assets | 29/58 | €810,121 | €301,146 | -€508,975 | -62.8% |
| Stocks and contracts in progress | 3 | €673,526 | €0 | -€673,526 | -100% |
| Stocks | 30/36 | €673,526 | €0 | -€673,526 | -100% |
| Amounts receivable within one year | 40/41 | €90,879 | €68,817 | -€22,062 | -24.3% |
| Trade receivables | 40 | €9,159 | €9,565 | +€406 | +4.4% |
| Other amounts receivable | 41 | €81,720 | €59,252 | -€22,469 | -27.5% |
| Cash at bank and in hand | 54/58 | €40,114 | €227,834 | +€187,720 | +468% |
| Deferred charges and accrued income | 490/1 | €5,602 | €4,495 | -€1,107 | -19.8% |
| Total equity and liabilities | 10/49 | €1,391,056 | €850,253 | -€540,803 | -38.9% |
| Equity | 10/15 | €222,493 | €249,535 | +€27,042 | +12.2% |
| Contributions | 10/11 | €117,675 | €117,675 | = | 0.0% |
| Capital | 10 | €117,675 | €117,675 | = | 0.0% |
| Issued capital | 100 | €117,675 | €117,675 | = | 0.0% |
| Reserves | 13 | €19,377 | €11,768 | -€7,610 | -39.3% |
| Non-distributable reserves | 130/1 | €11,768 | €11,768 | = | 0.0% |
| Legal reserve | 130 | €11,768 | €11,768 | = | 0.0% |
| Distributable reserves | 133 | €7,610 | €0 | -€7,610 | -100% |
| Profit (loss) carried forward | 14 | €85,440 | €120,092 | +€34,652 | +40.6% |
| Amounts payable | 17/49 | €1,168,563 | €600,718 | -€567,845 | -48.6% |
| Amounts payable after more than one year | 17 | €1,058,580 | €376,209 | -€682,372 | -64.5% |
| Financial debts | 170/4 | €1,055,676 | €372,205 | -€683,472 | -64.7% |
| Other amounts payable | 178/9 | €2,904 | €4,004 | +€1,100 | +37.9% |
| Amounts payable within one year | 42/48 | €109,983 | €224,509 | +€114,526 | +104% |
| Current portion of amounts payable after more than one year | 42 | €56,895 | €36,749 | -€20,146 | -35.4% |
| Trade debts | 44 | €32,066 | €903 | -€31,163 | -97.2% |
| Suppliers | 440/4 | €32,066 | €903 | -€31,163 | -97.2% |
| Advances received on contracts in progress | 46 | €5,022 | €0 | -€5,022 | -100% |
| Taxes, remuneration and social security | 45 | €15,999 | €174,757 | +€158,757 | +992% |
| Taxes | 450/3 | €15,999 | €174,757 | +€158,757 | +992% |
| Other amounts payable | 47/48 | - | €12,100 | +€12,100 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,244 | €42,569 | +€1,326 | +3.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,808 | €0 | -€6,808 | -100% |
| Other operating charges | 640/8 | €43,024 | €49,857 | +€6,833 | +15.9% |
| Gross operating margin | 9900 | €147,575 | €211,352 | +€63,777 | +43.2% |
| Operating profit (loss) | 9901 | €56,499 | €118,926 | +€62,427 | +110% |
| Financial income | 75/76B | €855 | €1,915 | +€1,060 | +124% |
| Recurring financial income | 75 | €855 | €1,915 | +€1,060 | +124% |
| Financial charges | 65/66B | €8,278 | €63,325 | +€55,048 | +665% |
| Recurring financial charges | 65 | €8,278 | €63,325 | +€55,048 | +665% |
| Profit (loss) for the period before taxes | 9903 | €49,076 | €57,516 | +€8,439 | +17.2% |
| Income taxes | 67/77 | €13,234 | €18,373 | +€5,139 | +38.8% |
| Profit (loss) for the period | 9904 | €35,842 | €39,142 | +€3,300 | +9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €35,842 | €39,142 | +€3,300 | +9.2% |
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 29 October 2026 via checked.be.