J.C.S: 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.
J.C.S
Largest movements
- Tangible fixed assets +€5,355
up €5,355 (+7.2%), from €74,618 to €79,973
of which Plant, machinery and equipment: +€20,143
- Cash -€3,423
down €3,423 (-27.4%), from €12,514 to €9,091
mainly Investment in fixed assets (net) (-€32,728) and Tax, wage and social debts (-€9,142)
- Tax, wage and social debts -€9,142
down €9,142 (-58.8%), from €15,560 to €6,418
- Reserves +€8,067
up €8,067 (+27.2%), from €29,701 to €37,767
- Trade debts +€3,521
up €3,521 (+38.9%), from €9,047 to €12,568
- Debts after one year -€2,298
down €2,298 (-5.6%), from €41,034 to €38,736
- Current portion of long-term debt +€1,973
up €1,973 (+8.1%), from €24,224 to €26,196
- Gross operating margin +€11,452
up €11,452 (+33.2%), from €34,523 to €45,975
- Depreciation +€3,987
up €3,987 (+17.1%), from €23,385 to €27,373
- Financial charges +€3,948
up €3,948 (+145%), from €2,721 to €6,669
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 | €125,237 | €127,336 | +€2,099 | +1.7% |
| Fixed assets | 21/28 | €76,818 | €82,173 | +€5,355 | +7.0% |
| Tangible fixed assets | 22/27 | €74,618 | €79,973 | +€5,355 | +7.2% |
| Plant, machinery and equipment | 23 | €1,245 | €21,388 | +€20,143 | +1,618% |
| Furniture and vehicles | 24 | €19,929 | €18,613 | -€1,316 | -6.6% |
| Leasing and similar rights | 25 | €53,444 | €39,972 | -€13,472 | -25.2% |
| Financial fixed assets | 28 | €2,200 | €2,200 | = | 0.0% |
| Current assets | 29/58 | €48,419 | €45,163 | -€3,256 | -6.7% |
| Amounts receivable within one year | 40/41 | €34,202 | €33,722 | -€480 | -1.4% |
| Trade receivables | 40 | €17,523 | €18,006 | +€483 | +2.8% |
| Other amounts receivable | 41 | €16,679 | €15,716 | -€963 | -5.8% |
| Cash at bank and in hand | 54/58 | €12,514 | €9,091 | -€3,423 | -27.4% |
| Deferred charges and accrued income | 490/1 | €1,703 | €2,351 | +€648 | +38.0% |
| Total equity and liabilities | 10/49 | €125,237 | €127,336 | +€2,099 | +1.7% |
| Equity | 10/15 | €34,701 | €42,767 | +€8,067 | +23.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €29,701 | €37,767 | +€8,067 | +27.2% |
| Distributable reserves | 133 | €29,701 | €37,767 | +€8,067 | +27.2% |
| Amounts payable | 17/49 | €90,537 | €84,569 | -€5,967 | -6.6% |
| Amounts payable after more than one year | 17 | €41,034 | €38,736 | -€2,298 | -5.6% |
| Financial debts | 170/4 | €41,034 | €38,736 | -€2,298 | -5.6% |
| Amounts payable within one year | 42/48 | €48,938 | €45,833 | -€3,104 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €24,224 | €26,196 | +€1,973 | +8.1% |
| Financial debts | 43 | €107 | €651 | +€544 | +509% |
| Credit institutions | 430/8 | €107 | €651 | +€544 | +509% |
| Trade debts | 44 | €9,047 | €12,568 | +€3,521 | +38.9% |
| Suppliers | 440/4 | €9,047 | €12,568 | +€3,521 | +38.9% |
| Taxes, remuneration and social security | 45 | €15,560 | €6,418 | -€9,142 | -58.8% |
| Taxes | 450/3 | €15,560 | €6,418 | -€9,142 | -58.8% |
| Accrued charges and deferred income | 492/3 | €565 | - | -€565 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,385 | €27,373 | +€3,987 | +17.1% |
| Other operating charges | 640/8 | €1,663 | €2,111 | +€448 | +26.9% |
| Gross operating margin | 9900 | €34,523 | €45,975 | +€11,452 | +33.2% |
| Operating profit (loss) | 9901 | €9,475 | €16,491 | +€7,016 | +74.0% |
| Financial income | 75/76B | €462 | €886 | +€425 | +91.9% |
| Recurring financial income | 75 | €462 | €886 | +€425 | +91.9% |
| Financial charges | 65/66B | €2,721 | €6,669 | +€3,948 | +145% |
| Recurring financial charges | 65 | €2,721 | €6,669 | +€3,948 | +145% |
| Profit (loss) for the period before taxes | 9903 | €7,216 | €10,708 | +€3,493 | +48.4% |
| Income taxes | 67/77 | €2,357 | €2,642 | +€285 | +12.1% |
| Profit (loss) for the period | 9904 | €4,858 | €8,067 | +€3,208 | +66.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,858 | €8,067 | +€3,208 | +66.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.