JRCM: what changed
Two fiscal 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.
JRCM
Largest movements
- Cash +€41,444
up €41,444 (+39.5%), from €104,796 to €146,240
mainly Net result for the year (+€36,083) and Tax, wage and social debts (+€9,250)
- Tangible fixed assets -€8,225
down €8,225 (-46.3%), from €17,757 to €9,532
- Deferred charges and accrued income -€1,632
down €1,632 (-84.6%), from €1,928 to €296
- Reserves +€36,083
up €36,083 (+46.3%), from €77,989 to €114,072
- Tax, wage and social debts +€9,250
up €9,250 (+55.6%), from €16,623 to €25,874
- Trade debts -€7,745
no longer reported in 2025 (was €7,745)
- Debts after one year -€5,383
down €5,383 (-35.9%), from €15,012 to €9,628
- Gross operating margin +€26,605
up €26,605 (+73.0%), from €36,428 to €63,033
- Taxes +€8,836
up €8,836 (+110.4%), from €8,005 to €16,842
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 | €124,832 | €156,957 | +€32,125 | +25.7% |
| Fixed assets | 21/28 | €17,757 | €9,532 | -€8,225 | -46.3% |
| Tangible fixed assets | 22/27 | €17,757 | €9,532 | -€8,225 | -46.3% |
| Furniture and vehicles | 24 | €17,757 | €9,532 | -€8,225 | -46.3% |
| Current assets | 29/58 | €107,075 | €147,425 | +€40,350 | +37.7% |
| Amounts receivable within one year | 40/41 | €350 | €889 | +€538 | +153.6% |
| Trade receivables | 40 | - | €424 | +€424 | |
| Other amounts receivable | 41 | €350 | €465 | +€115 | +32.8% |
| Cash at bank and in hand | 54/58 | €104,796 | €146,240 | +€41,444 | +39.5% |
| Deferred charges and accrued income | 490/1 | €1,928 | €296 | -€1,632 | -84.6% |
| Total equity and liabilities | 10/49 | €124,832 | €156,957 | +€32,125 | +25.7% |
| Equity | 10/15 | €79,989 | €116,072 | +€36,083 | +45.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Capital | 10 | €2,000 | €2,000 | = | 0.0% |
| Issued capital | 100 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €77,989 | €114,072 | +€36,083 | +46.3% |
| Distributable reserves | 133 | €77,989 | €114,072 | +€36,083 | +46.3% |
| Amounts payable | 17/49 | €44,843 | €40,885 | -€3,958 | -8.8% |
| Amounts payable after more than one year | 17 | €15,012 | €9,628 | -€5,383 | -35.9% |
| Financial debts | 170/4 | €15,012 | €9,628 | -€5,383 | -35.9% |
| Amounts payable within one year | 42/48 | €29,832 | €31,257 | +€1,425 | +4.8% |
| Current portion of amounts payable after more than one year | 42 | €5,463 | €5,383 | -€80 | -1.5% |
| Trade debts | 44 | €7,745 | - | -€7,745 | |
| Suppliers | 440/4 | €7,745 | - | -€7,745 | |
| Taxes, remuneration and social security | 45 | €16,623 | €25,874 | +€9,250 | +55.6% |
| Taxes | 450/3 | €16,623 | €25,874 | +€9,250 | +55.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,225 | €8,225 | = | 0.0% |
| Other operating charges | 640/8 | €673 | €695 | +€22 | +3.3% |
| Non-recurring operating charges | 66A | - | €369 | +€369 | |
| Gross operating margin | 9900 | €36,428 | €63,033 | +€26,605 | +73.0% |
| Operating profit (loss) | 9901 | €27,531 | €53,744 | +€26,214 | +95.2% |
| Financial charges | 65/66B | €970 | €819 | -€150 | -15.5% |
| Recurring financial charges | 65 | €970 | €819 | -€150 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €26,561 | €52,925 | +€26,364 | +99.3% |
| Income taxes | 67/77 | €8,005 | €16,842 | +€8,836 | +110.4% |
| Profit (loss) for the period | 9904 | €18,555 | €36,083 | +€17,528 | +94.5% |
| Profit (loss) for the period to be appropriated | 9905 | €18,555 | €36,083 | +€17,528 | +94.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.