J.S.I.: 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.I.
Largest movements
- Receivables within one year -€3,050
down €3,050 (-1.6%), from €196,713 to €193,663
- Reserves -€170,318
down €170,318 (-99.4%), from €171,373 to €1,054
of which Tax-exempt reserves: -€160,517
- Profit (loss) carried forward +€162,892
up €162,892 (+83.7%), from -€194,573 to -€31,681
- Tax, wage and social debts +€85,818
up €85,818 (+139%), from €61,657 to €147,475
- Provisions -€82,654
no longer reported in 2024 (was €82,654)
- Trade debts +€2,001
up €2,001 (+320%), from €625 to €2,626
- Taxes +€45,080
up €45,080 (+113%), from €40,000 to €85,080
- Financial charges +€2,486
up €2,486 (+1,190%), from €209 to €2,695
of which Non-recurring financial charges: +€1,436
- Gross operating margin -€1,475
down €1,475 (-178%), from -€830 to -€2,305
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €196,919 | €194,475 | -€2,444 | -1.2% |
| Current assets | 29/58 | €196,919 | €194,475 | -€2,444 | -1.2% |
| Amounts receivable within one year | 40/41 | €196,713 | €193,663 | -€3,050 | -1.6% |
| Other amounts receivable | 41 | €196,713 | €193,663 | -€3,050 | -1.6% |
| Cash at bank and in hand | 54/58 | €206 | - | -€206 | |
| Deferred charges and accrued income | 490/1 | - | €812 | +€812 | |
| Total equity and liabilities | 10/49 | €196,919 | €194,475 | -€2,444 | -1.2% |
| Equity | 10/15 | €51,800 | €44,374 | -€7,426 | -14.3% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €171,373 | €1,054 | -€170,318 | -99.4% |
| Non-distributable reserves | 130/1 | €1,054 | €1,054 | = | 0.0% |
| Legal reserve | 130 | €1,054 | €1,054 | = | 0.0% |
| Tax-exempt reserves | 132 | €160,517 | - | -€160,517 | |
| Distributable reserves | 133 | €9,801 | - | -€9,801 | |
| Profit (loss) carried forward | 14 | -€194,573 | -€31,681 | +€162,892 | +83.7% |
| Provisions and deferred taxes | 16 | €82,654 | - | -€82,654 | |
| Deferred taxes | 168 | €82,654 | - | -€82,654 | |
| Amounts payable | 17/49 | €62,465 | €150,101 | +€87,636 | +140% |
| Amounts payable within one year | 42/48 | €62,465 | €150,101 | +€87,636 | +140% |
| Financial debts | 43 | €183 | - | -€183 | |
| Credit institutions | 430/8 | €183 | - | -€183 | |
| Trade debts | 44 | €625 | €2,626 | +€2,001 | +320% |
| Suppliers | 440/4 | €625 | €2,626 | +€2,001 | +320% |
| Taxes, remuneration and social security | 45 | €61,657 | €147,475 | +€85,818 | +139% |
| Taxes | 450/3 | €61,657 | €147,475 | +€85,818 | +139% |
| Non-recurring operating income | 76A | - | €172 | +€172 | |
| Gross operating margin | 9900 | -€830 | -€2,305 | -€1,475 | -178% |
| Operating profit (loss) | 9901 | -€830 | -€2,305 | -€1,475 | -178% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €209 | €2,695 | +€2,486 | +1,190% |
| Recurring financial charges | 65 | €209 | €1,259 | +€1,050 | +502% |
| Non-recurring financial charges | 66B | - | €1,436 | +€1,436 | |
| Profit (loss) for the period before taxes | 9903 | -€1,039 | -€5,000 | -€3,961 | -381% |
| Transfer from deferred taxes | 780 | - | €82,654 | +€82,654 | |
| Income taxes | 67/77 | €40,000 | €85,080 | +€45,080 | +113% |
| Profit (loss) for the period | 9904 | -€41,039 | -€7,426 | +€33,613 | +81.9% |
| Transfer from tax-exempt reserves | 789 | - | €160,517 | +€160,517 | |
| Profit (loss) for the period to be appropriated | 9905 | -€41,039 | €153,090 | +€194,130 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.