JY Project: 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.
JY Project
Largest movements
- Cash +€35,891
up €35,891 (+68.8%), from €52,191 to €88,082
mainly Net result for the year (+€30,396) and Depreciation (+€25,086)
- Tangible fixed assets -€16,983
down €16,983 (-5.8%), from €294,637 to €277,654
of which Furniture and vehicles: -€9,428
- Receivables within one year +€6,443
up €6,443 (+2651.4%), from €243 to €6,686
of which Other amounts receivable: +€5,850
- Debts after one year -€34,978
down €34,978 (-20.2%), from €173,352 to €138,374
- Reserves +€24,514
up €24,514 (+26.1%), from €93,937 to €118,451
- Trade debts +€20,371
up €20,371 (+88.3%), from €23,082 to €43,453
- Accrued charges and deferred income +€18,506
up €18,506 (+436.5%), from €4,240 to €22,746
- Current portion of long-term debt -€10,463
down €10,463 (-23.0%), from €45,441 to €34,978
- Staff costs +€24,660
up €24,660 (+15.0%), from €164,847 to €189,507
- Gross operating margin +€13,679
up €13,679 (+5.5%), from €248,527 to €262,206
- Depreciation -€3,046
down €3,046 (-10.8%), from €28,132 to €25,086
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 | €365,864 | €389,787 | +€23,923 | +6.5% |
| Fixed assets | 21/28 | €306,911 | €287,428 | -€19,483 | -6.3% |
| Intangible fixed assets | 21 | €7,500 | €5,000 | -€2,500 | -33.3% |
| Tangible fixed assets | 22/27 | €294,637 | €277,654 | -€16,983 | -5.8% |
| Land and buildings | 22 | €254,431 | €246,092 | -€8,339 | -3.3% |
| Furniture and vehicles | 24 | €36,839 | €27,411 | -€9,428 | -25.6% |
| Other tangible fixed assets | 26 | €3,367 | €4,151 | +€784 | +23.3% |
| Financial fixed assets | 28 | €4,774 | €4,774 | = | 0.0% |
| Current assets | 29/58 | €58,953 | €102,359 | +€43,406 | +73.6% |
| Stocks and contracts in progress | 3 | €6,287 | €7,306 | +€1,019 | +16.2% |
| Stocks | 30/36 | €6,287 | €7,306 | +€1,019 | +16.2% |
| Amounts receivable within one year | 40/41 | €243 | €6,686 | +€6,443 | +2651.4% |
| Trade receivables | 40 | €17 | €610 | +€593 | +3488.2% |
| Other amounts receivable | 41 | €226 | €6,076 | +€5,850 | +2588.5% |
| Cash at bank and in hand | 54/58 | €52,191 | €88,082 | +€35,891 | +68.8% |
| Deferred charges and accrued income | 490/1 | €232 | €285 | +€53 | +22.8% |
| Total equity and liabilities | 10/49 | €365,864 | €389,787 | +€23,923 | +6.5% |
| Equity | 10/15 | €113,937 | €138,451 | +€24,514 | +21.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €93,937 | €118,451 | +€24,514 | +26.1% |
| Distributable reserves | 133 | €93,937 | €118,451 | +€24,514 | +26.1% |
| Amounts payable | 17/49 | €251,927 | €251,336 | -€591 | -0.2% |
| Amounts payable after more than one year | 17 | €173,352 | €138,374 | -€34,978 | -20.2% |
| Financial debts | 170/4 | €173,352 | €138,374 | -€34,978 | -20.2% |
| Amounts payable within one year | 42/48 | €74,335 | €90,216 | +€15,881 | +21.4% |
| Current portion of amounts payable after more than one year | 42 | €45,441 | €34,978 | -€10,463 | -23.0% |
| Trade debts | 44 | €23,082 | €43,453 | +€20,371 | +88.3% |
| Suppliers | 440/4 | €23,082 | €43,453 | +€20,371 | +88.3% |
| Taxes, remuneration and social security | 45 | €524 | €1,859 | +€1,335 | +254.8% |
| Taxes | 450/3 | €214 | €1,226 | +€1,012 | +472.9% |
| Remuneration and social security | 454/9 | €310 | €633 | +€323 | +104.2% |
| Other amounts payable | 47/48 | €5,288 | €9,926 | +€4,638 | +87.7% |
| Accrued charges and deferred income | 492/3 | €4,240 | €22,746 | +€18,506 | +436.5% |
| Remuneration, social security and pensions | 62 | €164,847 | €189,507 | +€24,660 | +15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,132 | €25,086 | -€3,046 | -10.8% |
| Other operating charges | 640/8 | €3,106 | €2,685 | -€421 | -13.6% |
| Non-recurring operating charges | 66A | - | €92 | +€92 | |
| Gross operating margin | 9900 | €248,527 | €262,206 | +€13,679 | +5.5% |
| Operating profit (loss) | 9901 | €52,442 | €44,836 | -€7,606 | -14.5% |
| Financial income | 75/76B | €396 | €391 | -€5 | -1.3% |
| Recurring financial income | 75 | €396 | €391 | -€5 | -1.3% |
| Financial charges | 65/66B | €7,625 | €5,790 | -€1,835 | -24.1% |
| Recurring financial charges | 65 | €7,625 | €5,790 | -€1,835 | -24.1% |
| Profit (loss) for the period before taxes | 9903 | €45,213 | €39,437 | -€5,776 | -12.8% |
| Income taxes | 67/77 | €9,791 | €9,041 | -€750 | -7.7% |
| Profit (loss) for the period | 9904 | €35,422 | €30,396 | -€5,026 | -14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €35,422 | €30,396 | -€5,026 | -14.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.