J.S.E.: 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.E.
Largest movements
- Receivables within one year -€11,657
down €11,657 (-97.1%), from €12,000 to €343
- Other debts -€7,664
down €7,664 (-3.2%), from €237,414 to €229,750
- Staff costs +€1,829
up €1,829 (+6.6%), from €27,922 to €29,751
- Other operating charges +€400
new in 2025: €400
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 | €513,117 | €502,359 | -€10,758 | -2.1% |
| Fixed assets | 21/28 | €500,000 | €500,000 | = | 0.0% |
| Financial fixed assets | 28 | €500,000 | €500,000 | = | 0.0% |
| Current assets | 29/58 | €13,117 | €2,359 | -€10,758 | -82.0% |
| Amounts receivable within one year | 40/41 | €12,000 | €343 | -€11,657 | -97.1% |
| Trade receivables | 40 | €12,000 | €343 | -€11,657 | -97.1% |
| Cash at bank and in hand | 54/58 | €944 | €1,841 | +€897 | +95.1% |
| Deferred charges and accrued income | 490/1 | €174 | €175 | +€1 | +0.7% |
| Total equity and liabilities | 10/49 | €513,117 | €502,359 | -€10,758 | -2.1% |
| Equity | 10/15 | €263,854 | €264,224 | +€370 | +0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €245,254 | €245,624 | +€370 | +0.2% |
| Amounts payable | 17/49 | €249,264 | €238,136 | -€11,128 | -4.5% |
| Amounts payable within one year | 42/48 | €249,264 | €238,136 | -€11,128 | -4.5% |
| Trade debts | 44 | €154 | €0 | -€154 | -100.0% |
| Suppliers | 440/4 | €154 | €0 | -€154 | -100.0% |
| Taxes, remuneration and social security | 45 | €11,695 | €8,386 | -€3,310 | -28.3% |
| Taxes | 450/3 | €727 | €3,124 | +€2,397 | +329.8% |
| Remuneration and social security | 454/9 | €10,969 | €5,262 | -€5,707 | -52.0% |
| Other amounts payable | 47/48 | €237,414 | €229,750 | -€7,664 | -3.2% |
| Remuneration, social security and pensions | 62 | €27,922 | €29,751 | +€1,829 | +6.6% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €30,714 | €30,622 | -€92 | -0.3% |
| Operating profit (loss) | 9901 | €2,792 | €471 | -€2,321 | -83.1% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €95 | €101 | +€6 | +6.1% |
| Recurring financial charges | 65 | €95 | €101 | +€6 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | €2,697 | €370 | -€2,327 | -86.3% |
| Profit (loss) for the period | 9904 | €2,697 | €370 | -€2,327 | -86.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,697 | €370 | -€2,327 | -86.3% |
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 29 September 2026 via checked.be.