J.S.J.: 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.J.
Largest movements
- Receivables after one year -€40,000
down €40,000 (-57.1%), from €70,000 to €30,000
- Cash +€19,929
up €19,929 (+793%), from €2,513 to €22,442
mainly Receivables after one year (+€40,000) and Net result for the year (+€28,415)
- Receivables within one year -€2,993
down €2,993 (-34.2%), from €8,742 to €5,749
of which Trade receivables: -€4,800
- Reserves -€22,156
down €22,156 (-20.5%), from €108,332 to €86,176
- Trade debts -€5,644
down €5,644 (-80.8%), from €6,988 to €1,343
- Current portion of long-term debt +€5,373
up €5,373 (+92.3%), from €5,823 to €11,196
- Tax, wage and social debts +€4,613
up €4,613 (+564%), from €818 to €5,431
of which Taxes: +€4,613
- Debts after one year -€2,279
down €2,279 (-33.5%), from €6,801 to €4,522
- Gross operating margin +€30,714
up €30,714 (+170%), from €18,051 to €48,766
- Taxes +€10,336
up €10,336 (+281%), from €3,677 to €14,013
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 | €150,033 | €128,270 | -€21,764 | -14.5% |
| Fixed assets | 21/28 | €54,582 | €55,457 | +€875 | +1.6% |
| Tangible fixed assets | 22/27 | €54,582 | €55,457 | +€875 | +1.6% |
| Land and buildings | 22 | €35,000 | €35,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €11,310 | €10,208 | -€1,102 | -9.7% |
| Furniture and vehicles | 24 | €2,268 | €2,488 | +€220 | +9.7% |
| Other tangible fixed assets | 26 | €6,004 | €7,761 | +€1,757 | +29.3% |
| Current assets | 29/58 | €95,451 | €72,812 | -€22,639 | -23.7% |
| Amounts receivable after more than one year | 29 | €70,000 | €30,000 | -€40,000 | -57.1% |
| Trade receivables | 290 | €70,000 | €30,000 | -€40,000 | -57.1% |
| Amounts receivable within one year | 40/41 | €8,742 | €5,749 | -€2,993 | -34.2% |
| Trade receivables | 40 | €6,828 | €2,028 | -€4,800 | -70.3% |
| Other amounts receivable | 41 | €1,914 | €3,721 | +€1,807 | +94.4% |
| Cash at bank and in hand | 54/58 | €2,513 | €22,442 | +€19,929 | +793% |
| Deferred charges and accrued income | 490/1 | €14,196 | €14,622 | +€426 | +3.0% |
| Total equity and liabilities | 10/49 | €150,033 | €128,270 | -€21,764 | -14.5% |
| Equity | 10/15 | €126,932 | €104,776 | -€22,156 | -17.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €108,332 | €86,176 | -€22,156 | -20.5% |
| Distributable reserves | 133 | €108,332 | €86,176 | -€22,156 | -20.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €23,101 | €23,494 | +€393 | +1.7% |
| Amounts payable after more than one year | 17 | €6,801 | €4,522 | -€2,279 | -33.5% |
| Financial debts | 170/4 | €6,801 | €4,522 | -€2,279 | -33.5% |
| Amounts payable within one year | 42/48 | €15,190 | €17,971 | +€2,781 | +18.3% |
| Current portion of amounts payable after more than one year | 42 | €5,823 | €11,196 | +€5,373 | +92.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €6,988 | €1,343 | -€5,644 | -80.8% |
| Suppliers | 440/4 | €6,988 | €1,343 | -€5,644 | -80.8% |
| Taxes, remuneration and social security | 45 | €818 | €5,431 | +€4,613 | +564% |
| Taxes | 450/3 | €818 | €5,431 | +€4,613 | +564% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,561 | €0 | -€1,561 | -100% |
| Accrued charges and deferred income | 492/3 | €1,111 | €1,002 | -€109 | -9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,057 | €3,265 | +€208 | +6.8% |
| Other operating charges | 640/8 | €828 | €820 | -€8 | -0.9% |
| Gross operating margin | 9900 | €18,051 | €48,766 | +€30,714 | +170% |
| Operating profit (loss) | 9901 | €14,166 | €44,681 | +€30,515 | +215% |
| Financial income | 75/76B | €1,680 | €1,258 | -€422 | -25.1% |
| Recurring financial income | 75 | €1,680 | €1,258 | -€422 | -25.1% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €3,990 | €3,511 | -€479 | -12.0% |
| Recurring financial charges | 65 | €3,990 | €3,511 | -€479 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €11,856 | €42,427 | +€30,572 | +258% |
| Income taxes | 67/77 | €3,677 | €14,013 | +€10,336 | +281% |
| Profit (loss) for the period | 9904 | €8,179 | €28,415 | +€20,236 | +247% |
| Profit (loss) for the period to be appropriated | 9905 | €8,179 | €28,415 | +€20,236 | +247% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.