J.S.A. EVENTS: 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.S.A. EVENTS
Largest movements
- Deferred charges and accrued income +€52,642
up €52,642 (+1,032%), from €5,099 to €57,741
- Cash -€31,828
down €31,828 (-25.1%), from €126,616 to €94,788
mainly Deferred charges and accrued income (-€52,642) and Investment in fixed assets (net) (-€19,787)
- Tangible fixed assets +€12,379
up €12,379 (+64.0%), from €19,342 to €31,722
of which Other tangible fixed assets: +€13,348
- Stocks and contracts +€7,654
up €7,654 (+16.7%), from €45,905 to €53,559
- Receivables within one year -€4,464
down €4,464 (-16.5%), from €26,985 to €22,521
of which Trade receivables: -€12,390
- Trade debts +€49,765
up €49,765 (+144%), from €34,535 to €84,300
- Tax, wage and social debts -€7,076
down €7,076 (-12.1%), from €58,713 to €51,637
of which Taxes: -€19,894
- Profit (loss) carried forward -€6,171
down €6,171 (-7.0%), from €87,743 to €81,573
- Gross operating margin -€33,932
down €33,932 (-15.0%), from €225,775 to €191,843
- Staff costs -€33,593
down €33,593 (-17.6%), from €190,890 to €157,297
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 | €224,826 | €261,209 | +€36,384 | +16.2% |
| Fixed assets | 21/28 | €20,221 | €32,600 | +€12,379 | +61.2% |
| Intangible fixed assets | 21 | €825 | €825 | = | 0.0% |
| Tangible fixed assets | 22/27 | €19,342 | €31,722 | +€12,379 | +64.0% |
| Plant, machinery and equipment | 23 | €480 | €115 | -€365 | -76.0% |
| Furniture and vehicles | 24 | €18,862 | €18,258 | -€604 | -3.2% |
| Other tangible fixed assets | 26 | - | €13,348 | +€13,348 | |
| Financial fixed assets | 28 | €53 | €53 | = | 0.0% |
| Current assets | 29/58 | €204,605 | €228,609 | +€24,004 | +11.7% |
| Stocks and contracts in progress | 3 | €45,905 | €53,559 | +€7,654 | +16.7% |
| Stocks | 30/36 | €45,905 | €53,559 | +€7,654 | +16.7% |
| Amounts receivable within one year | 40/41 | €26,985 | €22,521 | -€4,464 | -16.5% |
| Trade receivables | 40 | €23,585 | €11,195 | -€12,390 | -52.5% |
| Other amounts receivable | 41 | €3,400 | €11,326 | +€7,926 | +233% |
| Cash at bank and in hand | 54/58 | €126,616 | €94,788 | -€31,828 | -25.1% |
| Deferred charges and accrued income | 490/1 | €5,099 | €57,741 | +€52,642 | +1,032% |
| Total equity and liabilities | 10/49 | €224,826 | €261,209 | +€36,384 | +16.2% |
| Equity | 10/15 | €108,148 | €101,978 | -€6,171 | -5.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,743 | €81,573 | -€6,171 | -7.0% |
| Amounts payable | 17/49 | €116,677 | €159,232 | +€42,554 | +36.5% |
| Amounts payable within one year | 42/48 | €116,640 | €159,232 | +€42,592 | +36.5% |
| Financial debts | 43 | €3,392 | €3,409 | +€16 | +0.5% |
| Credit institutions | 430/8 | €3,392 | €3,409 | +€16 | +0.5% |
| Trade debts | 44 | €34,535 | €84,300 | +€49,765 | +144% |
| Suppliers | 440/4 | €34,535 | €84,300 | +€49,765 | +144% |
| Taxes, remuneration and social security | 45 | €58,713 | €51,637 | -€7,076 | -12.1% |
| Taxes | 450/3 | €41,781 | €21,887 | -€19,894 | -47.6% |
| Remuneration and social security | 454/9 | €16,932 | €29,750 | +€12,817 | +75.7% |
| Other amounts payable | 47/48 | €20,000 | €19,886 | -€114 | -0.6% |
| Accrued charges and deferred income | 492/3 | €37 | - | -€37 | |
| Remuneration, social security and pensions | 62 | €190,890 | €157,297 | -€33,593 | -17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,576 | €7,408 | +€832 | +12.7% |
| Other operating charges | 640/8 | €944 | €1,045 | +€101 | +10.7% |
| Non-recurring operating charges | 66A | - | €7,300 | +€7,300 | |
| Gross operating margin | 9900 | €225,775 | €191,843 | -€33,932 | -15.0% |
| Operating profit (loss) | 9901 | €27,365 | €18,793 | -€8,572 | -31.3% |
| Financial income | 75/76B | €244 | €78 | -€166 | -67.9% |
| Recurring financial income | 75 | €244 | €78 | -€166 | -67.9% |
| Financial charges | 65/66B | €3,925 | €1,968 | -€1,957 | -49.9% |
| Recurring financial charges | 65 | €3,925 | €1,968 | -€1,957 | -49.9% |
| Profit (loss) for the period before taxes | 9903 | €23,684 | €16,903 | -€6,781 | -28.6% |
| Income taxes | 67/77 | €6,600 | €5,074 | -€1,527 | -23.1% |
| Profit (loss) for the period | 9904 | €17,083 | €11,829 | -€5,254 | -30.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,083 | €11,829 | -€5,254 | -30.8% |
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 30 October 2026 via checked.be.