J2SH: what changed
Two fiscal 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.
J2SH
Largest movements
- Financial fixed assets +€348,919
up €348,919 (+7.3%), from €4.7m to €5.1m
- Receivables after one year -€334,173
down €334,173 (-100.0%), from €334,173 to €0
- Receivables within one year +€327,493
up €327,493 (+59.0%), from €554,832 to €882,326
of which Trade receivables: +€360,849
- Intangible fixed assets +€175,941
up €175,941 (+23.6%), from €745,194 to €921,135
- Tangible fixed assets +€72,355
up €72,355 (+1673.2%), from €4,324 to €76,679
of which Furniture and vehicles: +€73,377
- Debts after one year +€361,643
up €361,643 (+15.9%), from €2.3m to €2.6m
of which Other amounts payable: +€464,440
- Reserves +€238,074
up €238,074 (+49.8%), from €478,300 to €716,374
of which Distributable reserves: +€238,074
- Short-term financial debts -€118,527
down €118,527 (-34.8%), from €340,224 to €221,697
- Trade debts +€93,730
up €93,730 (+45.9%), from €204,044 to €297,774
- Accrued charges and deferred income +€78,428
up €78,428 (+78.0%), from €100,541 to €178,969
- Turnover +€691,940
up €691,940 (+23.5%), from €2.9m to €3.6m
- Services and other goods +€615,545
up €615,545 (+31.5%), from €2.0m to €2.6m
- Other operating income +€117,683
up €117,683 (+797.2%), from €14,763 to €132,446
- Other operating charges +€76,744
up €76,744 (+1768.8%), from €4,339 to €81,083
- Staff costs +€55,424
up €55,424 (+14.4%), from €383,602 to €439,026
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.
Cash bridge derived
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 | €6,442,987 | €7,043,091 | +€600,104 | +9.3% |
| Fixed assets | 21/28 | €5,499,216 | €6,096,432 | +€597,215 | +10.9% |
| Intangible fixed assets | 21 | €745,194 | €921,135 | +€175,941 | +23.6% |
| Tangible fixed assets | 22/27 | €4,324 | €76,679 | +€72,355 | +1673.2% |
| Plant, machinery and equipment | 23 | €2,041 | €1,019 | -€1,023 | -50.1% |
| Furniture and vehicles | 24 | €2,283 | €75,660 | +€73,377 | +3214.0% |
| Financial fixed assets | 28 | €4,749,698 | €5,098,617 | +€348,919 | +7.3% |
| Affiliated companies | 280/1 | €4,749,698 | €5,098,617 | +€348,919 | +7.3% |
| Participating interests | 280 | €4,749,698 | €4,749,698 | = | 0.0% |
| Amounts receivable | 281 | - | €348,919 | +€348,919 | |
| Current assets | 29/58 | €943,770 | €946,659 | +€2,889 | +0.3% |
| Amounts receivable after more than one year | 29 | €334,173 | €0 | -€334,173 | -100.0% |
| Other amounts receivable | 291 | €334,173 | €0 | -€334,173 | -100.0% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €554,832 | €882,326 | +€327,493 | +59.0% |
| Trade receivables | 40 | €454,059 | €814,908 | +€360,849 | +79.5% |
| Other amounts receivable | 41 | €100,774 | €67,418 | -€33,356 | -33.1% |
| Cash at bank and in hand | 54/58 | €2,910 | €12,818 | +€9,909 | +340.5% |
| Deferred charges and accrued income | 490/1 | €51,855 | €51,515 | -€340 | -0.7% |
| Total equity and liabilities | 10/49 | €6,442,987 | €7,043,091 | +€600,104 | +9.3% |
| Equity | 10/15 | €3,350,620 | €3,532,363 | +€181,743 | +5.4% |
| Contributions | 10/11 | €2,750,818 | €2,750,818 | = | 0.0% |
| Reserves | 13 | €478,300 | €716,374 | +€238,074 | +49.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €478,300 | €716,374 | +€238,074 | +49.8% |
| Investment grants | 15 | €121,502 | €65,171 | -€56,331 | -46.4% |
| Amounts payable | 17/49 | €3,092,366 | €3,510,728 | +€418,361 | +13.5% |
| Amounts payable after more than one year | 17 | €2,276,944 | €2,638,587 | +€361,643 | +15.9% |
| Financial debts | 170/4 | €102,797 | €0 | -€102,797 | -100.0% |
| Credit institutions | 173 | €102,797 | €0 | -€102,797 | -100.0% |
| Other amounts payable | 178/9 | €2,174,147 | €2,638,587 | +€464,440 | +21.4% |
| Amounts payable within one year | 42/48 | €714,882 | €693,172 | -€21,710 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €101,373 | €102,797 | +€1,424 | +1.4% |
| Financial debts | 43 | €340,224 | €221,697 | -€118,527 | -34.8% |
| Credit institutions | 430/8 | €340,224 | €221,697 | -€118,527 | -34.8% |
| Trade debts | 44 | €204,044 | €297,774 | +€93,730 | +45.9% |
| Suppliers | 440/4 | €204,044 | €297,774 | +€93,730 | +45.9% |
| Taxes, remuneration and social security | 45 | €69,242 | €70,904 | +€1,663 | +2.4% |
| Taxes | 450/3 | €16,308 | €18,808 | +€2,500 | +15.3% |
| Remuneration and social security | 454/9 | €52,934 | €52,096 | -€838 | -1.6% |
| Accrued charges and deferred income | 492/3 | €100,541 | €178,969 | +€78,428 | +78.0% |
| Operating income | 70/76A | €3,021,485 | €3,774,090 | +€752,605 | +24.9% |
| Turnover | 70 | €2,949,704 | €3,641,644 | +€691,940 | +23.5% |
| Other operating income | 74 | €14,763 | €132,446 | +€117,683 | +797.2% |
| Non-recurring operating income | 76A | €57,018 | €0 | -€57,018 | -100.0% |
| Operating charges | 60/66A | €2,654,727 | €3,425,614 | +€770,887 | +29.0% |
| Services and other goods | 61 | €1,952,827 | €2,568,372 | +€615,545 | +31.5% |
| Remuneration, social security and pensions | 62 | €383,602 | €439,026 | +€55,424 | +14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €313,959 | €337,132 | +€23,173 | +7.4% |
| Other operating charges | 640/8 | €4,339 | €81,083 | +€76,744 | +1768.8% |
| Operating profit (loss) | 9901 | €366,758 | €348,476 | -€18,282 | -5.0% |
| Financial income | 75/76B | €77,150 | €78,728 | +€1,578 | +2.0% |
| Recurring financial income | 75 | €77,150 | €78,728 | +€1,578 | +2.0% |
| Income from current assets | 751 | €14,746 | €22,396 | +€7,650 | +51.9% |
| Other financial income | 752/9 | €62,403 | €56,331 | -€6,072 | -9.7% |
| Financial charges | 65/66B | €131,454 | €179,552 | +€48,098 | +36.6% |
| Recurring financial charges | 65 | €131,454 | €179,552 | +€48,098 | +36.6% |
| Debt charges | 650 | €127,587 | €176,060 | +€48,473 | +38.0% |
| Other financial charges | 652/9 | €3,866 | €3,492 | -€375 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €312,454 | €247,652 | -€64,802 | -20.7% |
| Income taxes | 67/77 | €823 | €9,578 | +€8,755 | +1063.4% |
| Taxes | 670/3 | €823 | €9,578 | +€8,755 | +1063.4% |
| Profit (loss) for the period | 9904 | €311,631 | €238,074 | -€73,557 | -23.6% |
| Profit (loss) for the period to be appropriated | 9905 | €311,631 | €238,074 | -€73,557 | -23.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.