J & S MANAGEMENT: 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 MANAGEMENT
Largest movements
- Receivables within one year +€432,784
up €432,784 (+219.6%), from €197,100 to €629,884
of which Trade receivables: +€369,134
- Deferred charges and accrued income +€81,260
up €81,260, from €0 to €81,260
- Reserves +€316,804
up €316,804 (+199.9%), from €158,446 to €475,249
- Short-term financial debts +€187,627
new in 2025: €187,627
- Trade debts +€36,151
up €36,151 (+19917.9%), from €182 to €36,332
- Debts after one year -€21,541
down €21,541 (-9.6%), from €225,167 to €203,626
- Gross operating margin +€296,569
up €296,569 (+151.1%), from €196,326 to €492,896
- Taxes +€99,316
up €99,316 (+202.9%), from €48,959 to €148,275
- Other operating charges -€16,026
down €16,026 (-80.4%), from €19,927 to €3,901
- Financial charges -€12,429
down €12,429 (-67.8%), from €18,320 to €5,891
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 | €567,652 | €1,082,524 | +€514,872 | +90.7% |
| Fixed assets | 21/28 | €356,592 | €348,625 | -€7,966 | -2.2% |
| Tangible fixed assets | 22/27 | €352,592 | €343,125 | -€9,466 | -2.7% |
| Land and buildings | 22 | €346,751 | €328,958 | -€17,793 | -5.1% |
| Plant, machinery and equipment | 23 | €5,841 | €14,167 | +€8,326 | +142.6% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €4,000 | €5,500 | +€1,500 | +37.5% |
| Current assets | 29/58 | €211,060 | €733,899 | +€522,838 | +247.7% |
| Amounts receivable within one year | 40/41 | €197,100 | €629,884 | +€432,784 | +219.6% |
| Trade receivables | 40 | €157,636 | €526,769 | +€369,134 | +234.2% |
| Other amounts receivable | 41 | €39,464 | €103,115 | +€63,650 | +161.3% |
| Cash at bank and in hand | 54/58 | €13,960 | €22,755 | +€8,795 | +63.0% |
| Deferred charges and accrued income | 490/1 | €0 | €81,260 | +€81,260 | |
| Total equity and liabilities | 10/49 | €567,652 | €1,082,524 | +€514,872 | +90.7% |
| Equity | 10/15 | €183,446 | €500,249 | +€316,804 | +172.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €158,446 | €475,249 | +€316,804 | +199.9% |
| Distributable reserves | 133 | €158,446 | €475,249 | +€316,804 | +199.9% |
| Amounts payable | 17/49 | €384,206 | €582,275 | +€198,068 | +51.6% |
| Amounts payable after more than one year | 17 | €225,167 | €203,626 | -€21,541 | -9.6% |
| Financial debts | 170/4 | €225,167 | €203,626 | -€21,541 | -9.6% |
| Amounts payable within one year | 42/48 | €157,964 | €377,573 | +€219,609 | +139.0% |
| Current portion of amounts payable after more than one year | 42 | €22,942 | €23,320 | +€378 | +1.6% |
| Financial debts | 43 | - | €187,627 | +€187,627 | |
| Credit institutions | 430/8 | - | €187,627 | +€187,627 | |
| Trade debts | 44 | €182 | €36,332 | +€36,151 | +19917.9% |
| Suppliers | 440/4 | €182 | €36,332 | +€36,151 | +19917.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €131,840 | €127,294 | -€4,546 | -3.4% |
| Taxes | 450/3 | €131,840 | €127,294 | -€4,546 | -3.4% |
| Other amounts payable | 47/48 | €3,000 | €3,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,075 | €1,075 | = | 0.0% |
| Non-recurring operating income | 76A | €113,055 | €10,627 | -€102,428 | -90.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,698 | €19,466 | +€2,769 | +16.6% |
| Other operating charges | 640/8 | €19,927 | €3,901 | -€16,026 | -80.4% |
| Non-recurring operating charges | 66A | €3,340 | €0 | -€3,340 | -100.0% |
| Gross operating margin | 9900 | €196,326 | €492,896 | +€296,569 | +151.1% |
| Operating profit (loss) | 9901 | €156,362 | €469,528 | +€313,167 | +200.3% |
| Financial income | 75/76B | €396 | €1,442 | +€1,046 | +264.0% |
| Recurring financial income | 75 | €396 | €1,442 | +€1,046 | +264.0% |
| Financial charges | 65/66B | €18,320 | €5,891 | -€12,429 | -67.8% |
| Recurring financial charges | 65 | €18,320 | €5,891 | -€12,429 | -67.8% |
| Profit (loss) for the period before taxes | 9903 | €138,438 | €465,079 | +€326,641 | +235.9% |
| Income taxes | 67/77 | €48,959 | €148,275 | +€99,316 | +202.9% |
| Profit (loss) for the period | 9904 | €89,479 | €316,804 | +€227,325 | +254.1% |
| Profit (loss) for the period to be appropriated | 9905 | €89,479 | €316,804 | +€227,325 | +254.1% |
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 9 October 2026 via checked.be.