J.S.: 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.
J.S.
Largest movements
- Receivables within one year -€16,143
down €16,143 (-50.2%), from €32,166 to €16,023
of which Trade receivables: -€19,135
- Cash -€9,742
down €9,742 (-11.7%), from €83,112 to €73,369
mainly Trade debts (-€24,608) and Tax, wage and social debts (-€13,681)
- Tangible fixed assets -€8,881
down €8,881 (-47.0%), from €18,880 to €9,999
of which Furniture and vehicles: -€7,333
- Deferred charges and accrued income +€3,207
up €3,207 (+1979.5%), from €162 to €3,369
- Stocks and contracts +€2,515
up €2,515 (+45.8%), from €5,495 to €8,010
- Trade debts -€24,608
down €24,608 (-68.0%), from €36,209 to €11,601
- Tax, wage and social debts -€13,681
down €13,681 (-38.4%), from €35,619 to €21,938
of which Remuneration and social security: -€20,232
- Profit (loss) carried forward +€9,657
up €9,657 (+19.1%), from €50,509 to €60,166
- Gross operating margin -€11,778
down €11,778 (-23.6%), from €49,946 to €38,169
- Depreciation +€4,213
up €4,213 (+90.2%), from €4,668 to €8,881
- Taxes -€3,048
down €3,048 (-28.5%), from €10,689 to €7,640
- Staff costs +€2,172
up €2,172 (+195.7%), from €1,110 to €3,281
- Other operating charges +€1,857
up €1,857 (+28.1%), from €6,612 to €8,469
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 | €145,246 | €116,201 | -€29,045 | -20.0% |
| Fixed assets | 21/28 | €24,312 | €15,431 | -€8,881 | -36.5% |
| Tangible fixed assets | 22/27 | €18,880 | €9,999 | -€8,881 | -47.0% |
| Furniture and vehicles | 24 | €17,332 | €9,999 | -€7,333 | -42.3% |
| Other tangible fixed assets | 26 | €1,548 | €0 | -€1,548 | -100.0% |
| Financial fixed assets | 28 | €5,431 | €5,431 | = | 0.0% |
| Current assets | 29/58 | €120,934 | €100,771 | -€20,164 | -16.7% |
| Stocks and contracts in progress | 3 | €5,495 | €8,010 | +€2,515 | +45.8% |
| Stocks | 30/36 | €5,495 | €8,010 | +€2,515 | +45.8% |
| Amounts receivable within one year | 40/41 | €32,166 | €16,023 | -€16,143 | -50.2% |
| Trade receivables | 40 | €25,462 | €6,328 | -€19,135 | -75.1% |
| Other amounts receivable | 41 | €6,703 | €9,695 | +€2,992 | +44.6% |
| Cash at bank and in hand | 54/58 | €83,112 | €73,369 | -€9,742 | -11.7% |
| Deferred charges and accrued income | 490/1 | €162 | €3,369 | +€3,207 | +1979.5% |
| Total equity and liabilities | 10/49 | €145,246 | €116,201 | -€29,045 | -20.0% |
| Equity | 10/15 | €66,559 | €76,216 | +€9,657 | +14.5% |
| Contributions | 10/11 | €16,050 | €16,050 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,509 | €60,166 | +€9,657 | +19.1% |
| Amounts payable | 17/49 | €78,686 | €39,985 | -€38,701 | -49.2% |
| Amounts payable within one year | 42/48 | €78,686 | €39,985 | -€38,701 | -49.2% |
| Trade debts | 44 | €36,209 | €11,601 | -€24,608 | -68.0% |
| Suppliers | 440/4 | €36,209 | €11,601 | -€24,608 | -68.0% |
| Taxes, remuneration and social security | 45 | €35,619 | €21,938 | -€13,681 | -38.4% |
| Taxes | 450/3 | €11,023 | €17,574 | +€6,550 | +59.4% |
| Remuneration and social security | 454/9 | €24,596 | €4,364 | -€20,232 | -82.3% |
| Other amounts payable | 47/48 | €6,858 | €6,446 | -€412 | -6.0% |
| Remuneration, social security and pensions | 62 | €1,110 | €3,281 | +€2,172 | +195.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,668 | €8,881 | +€4,213 | +90.2% |
| Other operating charges | 640/8 | €6,612 | €8,469 | +€1,857 | +28.1% |
| Gross operating margin | 9900 | €49,946 | €38,169 | -€11,778 | -23.6% |
| Operating profit (loss) | 9901 | €37,557 | €17,538 | -€20,019 | -53.3% |
| Financial income | 75/76B | - | €8 | +€8 | |
| Recurring financial income | 75 | - | €8 | +€8 | |
| Financial charges | 65/66B | €176 | €249 | +€73 | +41.7% |
| Recurring financial charges | 65 | €176 | €249 | +€73 | +41.7% |
| Profit (loss) for the period before taxes | 9903 | €37,381 | €17,297 | -€20,084 | -53.7% |
| Income taxes | 67/77 | €10,689 | €7,640 | -€3,048 | -28.5% |
| Profit (loss) for the period | 9904 | €26,693 | €9,657 | -€17,036 | -63.8% |
| Profit (loss) for the period to be appropriated | 9905 | €26,693 | €9,657 | -€17,036 | -63.8% |
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.