J Square Studio: 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 Square Studio
Largest movements
- Cash +€458,790
up €458,790 (+50.9%), from €901,100 to €1.4m
mainly Net result for the year (+€616,425) and Receivables within one year (+€50,258)
- Receivables within one year -€50,258
down €50,258 (-38.2%), from €131,659 to €81,402
of which Trade receivables: -€55,120
- Deferred charges and accrued income +€40,211
up €40,211 (+281%), from €14,290 to €54,501
- Tangible fixed assets +€20,878
up €20,878 (+54.6%), from €38,210 to €59,088
of which Furniture and vehicles: +€21,700
- Profit (loss) carried forward +€616,425
up €616,425 (+98.1%), from €628,335 to €1.2m
- Trade debts -€78,351
down €78,351 (-56.7%), from €138,124 to €59,774
- Current portion of long-term debt -€62,968
no longer reported in 2024 (was €62,968)
- Gross operating margin +€475,542
up €475,542 (+45.7%), from €1.0m to €1.5m
- Taxes +€131,602
up €131,602 (+157%), from €83,893 to €215,494
- Staff costs +€30,942
up €30,942 (+4.6%), from €667,758 to €698,701
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,090,134 | €1,559,756 | +€469,621 | +43.1% |
| Fixed assets | 21/28 | €43,085 | €63,963 | +€20,878 | +48.5% |
| Tangible fixed assets | 22/27 | €38,210 | €59,088 | +€20,878 | +54.6% |
| Furniture and vehicles | 24 | €31,370 | €53,070 | +€21,700 | +69.2% |
| Other tangible fixed assets | 26 | €6,840 | €6,018 | -€822 | -12.0% |
| Financial fixed assets | 28 | €4,875 | €4,875 | = | 0.0% |
| Current assets | 29/58 | €1,047,049 | €1,495,792 | +€448,743 | +42.9% |
| Amounts receivable within one year | 40/41 | €131,659 | €81,402 | -€50,258 | -38.2% |
| Trade receivables | 40 | €111,045 | €55,925 | -€55,120 | -49.6% |
| Other amounts receivable | 41 | €20,614 | €25,477 | +€4,863 | +23.6% |
| Cash at bank and in hand | 54/58 | €901,100 | €1,359,890 | +€458,790 | +50.9% |
| Deferred charges and accrued income | 490/1 | €14,290 | €54,501 | +€40,211 | +281% |
| Total equity and liabilities | 10/49 | €1,090,134 | €1,559,756 | +€469,621 | +43.1% |
| Equity | 10/15 | €650,335 | €1,266,760 | +€616,425 | +94.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €628,335 | €1,244,760 | +€616,425 | +98.1% |
| Provisions and deferred taxes | 16 | - | €902 | +€902 | |
| Provisions for liabilities and charges | 160/5 | - | €902 | +€902 | |
| Taxes | 161 | - | €902 | +€902 | |
| Amounts payable | 17/49 | €439,799 | €292,093 | -€147,706 | -33.6% |
| Amounts payable within one year | 42/48 | €288,539 | €146,872 | -€141,667 | -49.1% |
| Current portion of amounts payable after more than one year | 42 | €62,968 | - | -€62,968 | |
| Trade debts | 44 | €138,124 | €59,774 | -€78,351 | -56.7% |
| Suppliers | 440/4 | €138,124 | €59,774 | -€78,351 | -56.7% |
| Taxes, remuneration and social security | 45 | €79,921 | €79,523 | -€398 | -0.5% |
| Taxes | 450/3 | €18,973 | €13,713 | -€5,260 | -27.7% |
| Remuneration and social security | 454/9 | €60,948 | €65,810 | +€4,862 | +8.0% |
| Other amounts payable | 47/48 | €7,526 | €7,575 | +€49 | +0.7% |
| Accrued charges and deferred income | 492/3 | €151,261 | €145,222 | -€6,039 | -4.0% |
| Remuneration, social security and pensions | 62 | €667,758 | €698,701 | +€30,942 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,633 | €23,060 | +€8,426 | +57.6% |
| Other operating charges | 640/8 | €2,365 | €2,823 | +€457 | +19.3% |
| Gross operating margin | 9900 | €1,040,266 | €1,515,808 | +€475,542 | +45.7% |
| Operating profit (loss) | 9901 | €355,509 | €791,225 | +€435,716 | +123% |
| Financial income | 75/76B | €46,684 | €44,386 | -€2,299 | -4.9% |
| Recurring financial income | 75 | €46,684 | €44,386 | -€2,299 | -4.9% |
| Financial charges | 65/66B | €6,594 | €3,690 | -€2,904 | -44.0% |
| Recurring financial charges | 65 | €6,594 | €3,690 | -€2,904 | -44.0% |
| Profit (loss) for the period before taxes | 9903 | €395,599 | €831,920 | +€436,321 | +110% |
| Income taxes | 67/77 | €83,893 | €215,494 | +€131,602 | +157% |
| Profit (loss) for the period | 9904 | €311,706 | €616,425 | +€304,719 | +97.8% |
| Profit (loss) for the period to be appropriated | 9905 | €311,706 | €616,425 | +€304,719 | +97.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.