J&S Projects: 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.
What changed
J&S Projects
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€2,145
2024 · -€2,488+€343
Equity
€295,771
2024 · €297,916-€2,145
Cash
€2,015
2024 · €917+€1,098
Balance sheet total
€609,380
2024 · €634,906-€25,526
Largest movements
Assets
- Tangible fixed assets -€21,301
down €21,301 (-3.4%), from €618,569 to €597,268
Equity and liabilities
- Debts after one year -€21,689
down €21,689 (-7.1%), from €304,685 to €282,996
Income statement
- Financial charges -€431
down €431 (-6.2%), from €6,961 to €6,531
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.
Result 2024
-€2,488
Gross operating margin
-€29
Other operating charges
-€13
Financial income
-€45
Financial charges
+€431
Result 2025
-€2,145
raises the resultlowers the result
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.
From operations
+€22,274
Investment
€0
Financing
-€21,177
Cash 2024
€917
From operations (derived)
+€22,274
Net result for the year
-€2,145
Depreciation
+€21,301
Receivables within one year
+€5,333
Smaller working-capital items
-€26
Tax, wage and social debts
-€4,789
Advances received
+€2,600
Financing
-€21,177
Debts after one year
-€21,689
Current portion of long-term debt
+€512
Cash 2025
€2,015
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €634,906 | €609,380 | -€25,526 | -4.0% |
| Fixed assets | 21/28 | €618,569 | €597,268 | -€21,301 | -3.4% |
| Tangible fixed assets | 22/27 | €618,569 | €597,268 | -€21,301 | -3.4% |
| Land and buildings | 22 | €618,569 | €597,268 | -€21,301 | -3.4% |
| Current assets | 29/58 | €16,337 | €12,112 | -€4,225 | -25.9% |
| Amounts receivable within one year | 40/41 | €15,195 | €9,862 | -€5,333 | -35.1% |
| Other amounts receivable | 41 | €15,195 | €9,862 | -€5,333 | -35.1% |
| Cash at bank and in hand | 54/58 | €917 | €2,015 | +€1,098 | +120% |
| Deferred charges and accrued income | 490/1 | €224 | €235 | +€11 | +4.8% |
| Total equity and liabilities | 10/49 | €634,906 | €609,380 | -€25,526 | -4.0% |
| Equity | 10/15 | €297,916 | €295,771 | -€2,145 | -0.7% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €403 | €403 | = | 0.0% |
| Distributable reserves | 133 | €403 | €403 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,488 | -€4,632 | -€2,145 | -86.2% |
| Amounts payable | 17/49 | €336,990 | €313,610 | -€23,381 | -6.9% |
| Amounts payable after more than one year | 17 | €304,685 | €282,996 | -€21,689 | -7.1% |
| Financial debts | 170/4 | €304,685 | €282,996 | -€21,689 | -7.1% |
| Amounts payable within one year | 42/48 | €32,306 | €30,614 | -€1,692 | -5.2% |
| Current portion of amounts payable after more than one year | 42 | €21,177 | €21,689 | +€512 | +2.4% |
| Trade debts | 44 | €699 | €684 | -€15 | -2.1% |
| Suppliers | 440/4 | €699 | €684 | -€15 | -2.1% |
| Advances received on contracts in progress | 46 | €4,500 | €7,100 | +€2,600 | +57.8% |
| Taxes, remuneration and social security | 45 | €4,789 | €0 | -€4,789 | -100% |
| Taxes | 450/3 | €3,589 | €0 | -€3,589 | -100% |
| Remuneration and social security | 454/9 | €1,200 | €0 | -€1,200 | -100% |
| Other amounts payable | 47/48 | €1,140 | €1,140 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,301 | €21,301 | = | 0.0% |
| Other operating charges | 640/8 | €2,824 | €2,837 | +€13 | +0.5% |
| Gross operating margin | 9900 | €27,890 | €27,861 | -€29 | -0.1% |
| Operating profit (loss) | 9901 | €3,765 | €3,723 | -€42 | -1.1% |
| Financial income | 75/76B | €708 | €663 | -€45 | -6.4% |
| Recurring financial income | 75 | €708 | €663 | -€45 | -6.4% |
| Financial charges | 65/66B | €6,961 | €6,531 | -€431 | -6.2% |
| Recurring financial charges | 65 | €6,961 | €6,531 | -€431 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,488 | -€2,145 | +€343 | +13.8% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€2,488 | -€2,145 | +€343 | +13.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,488 | -€2,145 | +€343 | +13.8% |
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 28 October 2026 via checked.be.