J.S. LINE: 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. LINE
Largest movements
- Stocks and contracts -€14,853
down €14,853 (-10.9%), from €136,760 to €121,908
- Trade debts -€8,390
down €8,390 (-71.3%), from €11,774 to €3,384
- Short-term financial debts -€7,855
no longer reported in 2025 (was €7,855)
- Profit (loss) carried forward +€6,495
up €6,495 (+189%), from €3,429 to €9,925
- Tax, wage and social debts -€4,402
down €4,402 (-54.9%), from €8,017 to €3,615
- Other debts +€2,496
up €2,496 (+41.8%), from €5,968 to €8,463
- Gross operating margin +€31,947
up €31,947 (+1,716%), from €1,861 to €33,809
- Write-downs +€21,513
new in 2025: €21,513
- Taxes +€1,892
up €1,892 (+670%), from €282 to €2,174
- Financial charges +€1,575
up €1,575 (+122%), from €1,288 to €2,864
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 | €150,954 | €137,304 | -€13,650 | -9.0% |
| Fixed assets | 21/28 | €3,861 | €3,750 | -€111 | -2.9% |
| Tangible fixed assets | 22/27 | €111 | - | -€111 | |
| Plant, machinery and equipment | 23 | €111 | - | -€111 | |
| Financial fixed assets | 28 | €3,750 | €3,750 | = | 0.0% |
| Current assets | 29/58 | €147,093 | €133,554 | -€13,539 | -9.2% |
| Stocks and contracts in progress | 3 | €136,760 | €121,908 | -€14,853 | -10.9% |
| Stocks | 30/36 | €136,760 | €121,908 | -€14,853 | -10.9% |
| Amounts receivable within one year | 40/41 | €3,116 | €4,576 | +€1,460 | +46.8% |
| Other amounts receivable | 41 | €3,116 | €4,576 | +€1,460 | +46.8% |
| Cash at bank and in hand | 54/58 | €5,282 | €6,190 | +€909 | +17.2% |
| Deferred charges and accrued income | 490/1 | €1,935 | €880 | -€1,055 | -54.5% |
| Total equity and liabilities | 10/49 | €150,954 | €137,304 | -€13,650 | -9.0% |
| Equity | 10/15 | €22,029 | €28,525 | +€6,495 | +29.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,429 | €9,925 | +€6,495 | +189% |
| Amounts payable | 17/49 | €128,925 | €108,779 | -€20,146 | -15.6% |
| Amounts payable after more than one year | 17 | €93,317 | €93,317 | = | 0.0% |
| Other amounts payable | 178/9 | €93,317 | €93,317 | = | 0.0% |
| Amounts payable within one year | 42/48 | €35,608 | €15,463 | -€20,146 | -56.6% |
| Current portion of amounts payable after more than one year | 42 | €1,993 | - | -€1,993 | |
| Financial debts | 43 | €7,855 | - | -€7,855 | |
| Credit institutions | 430/8 | €7,855 | - | -€7,855 | |
| Trade debts | 44 | €11,774 | €3,384 | -€8,390 | -71.3% |
| Suppliers | 440/4 | €11,774 | €3,384 | -€8,390 | -71.3% |
| Taxes, remuneration and social security | 45 | €8,017 | €3,615 | -€4,402 | -54.9% |
| Taxes | 450/3 | €8,017 | €3,615 | -€4,402 | -54.9% |
| Other amounts payable | 47/48 | €5,968 | €8,463 | +€2,496 | +41.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €224 | €111 | -€113 | -50.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €21,513 | +€21,513 | |
| Other operating charges | 640/8 | €540 | €652 | +€112 | +20.7% |
| Gross operating margin | 9900 | €1,861 | €33,809 | +€31,947 | +1,716% |
| Operating profit (loss) | 9901 | €1,097 | €11,533 | +€10,436 | +952% |
| Financial charges | 65/66B | €1,288 | €2,864 | +€1,575 | +122% |
| Recurring financial charges | 65 | €1,288 | €2,864 | +€1,575 | +122% |
| Profit (loss) for the period before taxes | 9903 | -€192 | €8,669 | +€8,861 | |
| Income taxes | 67/77 | €282 | €2,174 | +€1,892 | +670% |
| Profit (loss) for the period | 9904 | -€474 | €6,495 | +€6,969 | |
| Profit (loss) for the period to be appropriated | 9905 | -€474 | €6,495 | +€6,969 |
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 19 October 2026 via checked.be.