J.S. COURRIER: 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. COURRIER
Largest movements
- Cash +€1,262
up €1,262 (+68.8%), from €1,835 to €3,098
mainly Trade debts (+€15,466) and Other debts (+€3,980)
- Tangible fixed assets +€1,002
up €1,002 (+27.5%), from €3,648 to €4,650
- Receivables within one year -€512
down €512 (-7.0%), from €7,333 to €6,821
of which Trade receivables: -€270
- Trade debts +€15,466
up €15,466 (+534%), from €2,896 to €18,362
- Profit (loss) carried forward -€14,633
down €14,633 (-31.1%), from -€47,095 to -€61,727
- Advances received -€4,848
down €4,848 (-53.4%), from €9,081 to €4,233
- Other debts +€3,980
up €3,980 (+13.7%), from €28,958 to €32,938
- Tax, wage and social debts +€1,788
up €1,788 (+656%), from €273 to €2,061
of which Remuneration and social security: +€1,780
- Staff costs -€24,273
down €24,273 (-37.6%), from €64,589 to €40,316
- Gross operating margin -€11,761
down €11,761 (-27.9%), from €42,083 to €30,322
- Depreciation +€1,590
up €1,590 (+236%), from €675 to €2,265
- Financial charges -€1,141
down €1,141 (-75.6%), from €1,508 to €368
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 | €12,853 | €14,606 | +€1,753 | +13.6% |
| Fixed assets | 21/28 | €3,648 | €4,650 | +€1,002 | +27.5% |
| Tangible fixed assets | 22/27 | €3,648 | €4,650 | +€1,002 | +27.5% |
| Furniture and vehicles | 24 | €3,648 | €4,650 | +€1,002 | +27.5% |
| Current assets | 29/58 | €9,205 | €9,956 | +€751 | +8.2% |
| Amounts receivable within one year | 40/41 | €7,333 | €6,821 | -€512 | -7.0% |
| Trade receivables | 40 | €1,329 | €1,059 | -€270 | -20.3% |
| Other amounts receivable | 41 | €6,004 | €5,762 | -€242 | -4.0% |
| Cash at bank and in hand | 54/58 | €1,835 | €3,098 | +€1,262 | +68.8% |
| Deferred charges and accrued income | 490/1 | €37 | €37 | -€0 | -0.2% |
| Total equity and liabilities | 10/49 | €12,853 | €14,606 | +€1,753 | +13.6% |
| Equity | 10/15 | -€28,355 | -€42,988 | -€14,633 | -51.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €148 | €148 | = | 0.0% |
| Non-distributable reserves | 130/1 | €148 | €148 | = | 0.0% |
| Reserves not available under the articles | 1311 | €148 | €148 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,095 | -€61,727 | -€14,633 | -31.1% |
| Amounts payable | 17/49 | €41,208 | €57,593 | +€16,386 | +39.8% |
| Amounts payable within one year | 42/48 | €41,208 | €57,593 | +€16,386 | +39.8% |
| Trade debts | 44 | €2,896 | €18,362 | +€15,466 | +534% |
| Suppliers | 440/4 | €2,896 | €18,362 | +€15,466 | +534% |
| Advances received on contracts in progress | 46 | €9,081 | €4,233 | -€4,848 | -53.4% |
| Taxes, remuneration and social security | 45 | €273 | €2,061 | +€1,788 | +656% |
| Taxes | 450/3 | €273 | €281 | +€9 | +3.1% |
| Remuneration and social security | 454/9 | - | €1,780 | +€1,780 | |
| Other amounts payable | 47/48 | €28,958 | €32,938 | +€3,980 | +13.7% |
| Remuneration, social security and pensions | 62 | €64,589 | €40,316 | -€24,273 | -37.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €675 | €2,265 | +€1,590 | +236% |
| Other operating charges | 640/8 | €1,633 | €1,726 | +€93 | +5.7% |
| Gross operating margin | 9900 | €42,083 | €30,322 | -€11,761 | -27.9% |
| Operating profit (loss) | 9901 | -€24,813 | -€13,984 | +€10,830 | +43.6% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €1,508 | €368 | -€1,141 | -75.6% |
| Recurring financial charges | 65 | €1,508 | €368 | -€1,141 | -75.6% |
| Profit (loss) for the period before taxes | 9903 | -€26,321 | -€14,351 | +€11,970 | +45.5% |
| Income taxes | 67/77 | €273 | €281 | +€9 | +3.1% |
| Profit (loss) for the period | 9904 | -€26,594 | -€14,633 | +€11,961 | +45.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,594 | -€14,633 | +€11,961 | +45.0% |
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 31 October 2026 via checked.be.