JZR: 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.
JZR
Largest movements
- Tangible fixed assets -€3,946
down €3,946 (-74.5%), from €5,296 to €1,350
- Cash +€679
up €679 (+8.5%), from €8,011 to €8,690
mainly Depreciation (+€5,433) and Net result for the year (+€3,574)
- Deferred charges and accrued income +€480
up €480 (+44.9%), from €1,068 to €1,548
- Current portion of long-term debt -€5,805
down €5,805 (-100.0%), from €5,805 to €0
- Reserves +€3,574
up €3,574 (+55.7%), from €6,419 to €9,993
- Tax, wage and social debts -€417
down €417 (-21.0%), from €1,990 to €1,573
- Trade debts -€237
down €237 (-92.1%), from €257 to €20
- Gross operating margin -€5,211
down €5,211 (-29.5%), from €17,673 to €12,462
- Depreciation -€1,552
down €1,552 (-22.2%), from €6,985 to €5,433
- Taxes -€558
down €558 (-17.9%), from €3,115 to €2,557
- Other operating charges +€460
up €460 (+389.6%), from €118 to €578
- Financial charges -€306
down €306 (-48.8%), from €627 to €321
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 | €15,701 | €12,873 | -€2,828 | -18.0% |
| Fixed assets | 21/28 | €5,296 | €1,350 | -€3,946 | -74.5% |
| Tangible fixed assets | 22/27 | €5,296 | €1,350 | -€3,946 | -74.5% |
| Furniture and vehicles | 24 | €5,296 | €1,350 | -€3,946 | -74.5% |
| Current assets | 29/58 | €10,405 | €11,523 | +€1,117 | +10.7% |
| Amounts receivable within one year | 40/41 | €1,326 | €1,285 | -€42 | -3.1% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,326 | €1,285 | -€42 | -3.1% |
| Cash at bank and in hand | 54/58 | €8,011 | €8,690 | +€679 | +8.5% |
| Deferred charges and accrued income | 490/1 | €1,068 | €1,548 | +€480 | +44.9% |
| Total equity and liabilities | 10/49 | €15,701 | €12,873 | -€2,828 | -18.0% |
| Equity | 10/15 | €7,419 | €10,993 | +€3,574 | +48.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €6,419 | €9,993 | +€3,574 | +55.7% |
| Distributable reserves | 133 | €6,419 | €9,993 | +€3,574 | +55.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €8,283 | €1,880 | -€6,403 | -77.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €8,283 | €1,729 | -€6,554 | -79.1% |
| Current portion of amounts payable after more than one year | 42 | €5,805 | €0 | -€5,805 | -100.0% |
| Trade debts | 44 | €257 | €20 | -€237 | -92.1% |
| Suppliers | 440/4 | €257 | €20 | -€237 | -92.1% |
| Taxes, remuneration and social security | 45 | €1,990 | €1,573 | -€417 | -21.0% |
| Taxes | 450/3 | €1,990 | €1,573 | -€417 | -21.0% |
| Other amounts payable | 47/48 | €230 | €135 | -€95 | -41.4% |
| Accrued charges and deferred income | 492/3 | - | €151 | +€151 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,985 | €5,433 | -€1,552 | -22.2% |
| Other operating charges | 640/8 | €118 | €578 | +€460 | +389.6% |
| Gross operating margin | 9900 | €17,673 | €12,462 | -€5,211 | -29.5% |
| Operating profit (loss) | 9901 | €10,570 | €6,452 | -€4,118 | -39.0% |
| Financial income | 75/76B | €13 | €0 | -€13 | -100.0% |
| Recurring financial income | 75 | €13 | €0 | -€13 | -100.0% |
| Financial charges | 65/66B | €627 | €321 | -€306 | -48.8% |
| Recurring financial charges | 65 | €627 | €321 | -€306 | -48.8% |
| Profit (loss) for the period before taxes | 9903 | €9,956 | €6,131 | -€3,825 | -38.4% |
| Income taxes | 67/77 | €3,115 | €2,557 | -€558 | -17.9% |
| Profit (loss) for the period | 9904 | €6,841 | €3,574 | -€3,267 | -47.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,841 | €3,574 | -€3,267 | -47.8% |
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 9 October 2026 via checked.be.