J.S.K.: 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.K.
Largest movements
- Receivables within one year +€228,918
up €228,918 (+45.4%), from €504,579 to €733,497
of which Trade receivables: +€193,833
- Profit (loss) carried forward +€153,038
up €153,038 (+684%), from €22,369 to €175,407
- Advances received +€121,941
up €121,941 (+81.4%), from €149,866 to €271,807
- Trade debts -€52,427
down €52,427 (-19.4%), from €269,618 to €217,191
- Tax, wage and social debts +€44,005
up €44,005 (+246%), from €17,869 to €61,874
- Other debts -€29,809
no longer reported in 2025 (was €29,809)
- Gross operating margin +€165,538
up €165,538 (+399%), from €41,488 to €207,027
- Taxes +€45,110
up €45,110 (+718%), from €6,283 to €51,393
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 | €516,801 | €744,879 | +€228,078 | +44.1% |
| Fixed assets | 21/28 | €2,681 | €2,545 | -€136 | -5.1% |
| Tangible fixed assets | 22/27 | €2,681 | €2,545 | -€136 | -5.1% |
| Furniture and vehicles | 24 | €2,681 | €2,545 | -€136 | -5.1% |
| Current assets | 29/58 | €514,120 | €742,334 | +€228,214 | +44.4% |
| Amounts receivable within one year | 40/41 | €504,579 | €733,497 | +€228,918 | +45.4% |
| Trade receivables | 40 | €503,787 | €697,620 | +€193,833 | +38.5% |
| Other amounts receivable | 41 | €792 | €35,877 | +€35,084 | +4,427% |
| Cash at bank and in hand | 54/58 | €8,384 | €7,598 | -€786 | -9.4% |
| Deferred charges and accrued income | 490/1 | €1,157 | €1,239 | +€83 | +7.1% |
| Total equity and liabilities | 10/49 | €516,801 | €744,879 | +€228,078 | +44.1% |
| Equity | 10/15 | €40,969 | €194,007 | +€153,038 | +374% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,369 | €175,407 | +€153,038 | +684% |
| Amounts payable | 17/49 | €475,832 | €550,872 | +€75,040 | +15.8% |
| Amounts payable within one year | 42/48 | €475,832 | €550,872 | +€75,040 | +15.8% |
| Financial debts | 43 | €8,670 | - | -€8,670 | |
| Credit institutions | 430/8 | €8,670 | - | -€8,670 | |
| Trade debts | 44 | €269,618 | €217,191 | -€52,427 | -19.4% |
| Suppliers | 440/4 | €269,618 | €217,191 | -€52,427 | -19.4% |
| Advances received on contracts in progress | 46 | €149,866 | €271,807 | +€121,941 | +81.4% |
| Taxes, remuneration and social security | 45 | €17,869 | €61,874 | +€44,005 | +246% |
| Taxes | 450/3 | €17,869 | €61,874 | +€44,005 | +246% |
| Other amounts payable | 47/48 | €29,809 | - | -€29,809 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41 | €136 | +€95 | +233% |
| Other operating charges | 640/8 | €278 | €363 | +€85 | +30.6% |
| Gross operating margin | 9900 | €41,488 | €207,027 | +€165,538 | +399% |
| Operating profit (loss) | 9901 | €41,169 | €206,528 | +€165,358 | +402% |
| Financial income | 75/76B | - | €906 | +€906 | |
| Recurring financial income | 75 | - | €906 | +€906 | |
| Financial charges | 65/66B | €1,241 | €3,003 | +€1,761 | +142% |
| Recurring financial charges | 65 | €1,241 | €3,003 | +€1,761 | +142% |
| Profit (loss) for the period before taxes | 9903 | €39,928 | €204,431 | +€164,503 | +412% |
| Income taxes | 67/77 | €6,283 | €51,393 | +€45,110 | +718% |
| Profit (loss) for the period | 9904 | €33,645 | €153,038 | +€119,393 | +355% |
| Profit (loss) for the period to be appropriated | 9905 | €33,645 | €153,038 | +€119,393 | +355% |
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 15 October 2026 via checked.be.