J5S: 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.
J5S
Largest movements
- Cash +€536,700
up €536,700 (+452.6%), from €118,591 to €655,290
mainly Receivables within one year (+€411,741) and Net result for the year (+€128,477)
- Receivables within one year -€411,741
down €411,741 (-52.7%), from €781,097 to €369,356
of which Other amounts receivable: -€388,046
- Reserves +€128,477
up €128,477 (+14.3%), from €900,754 to €1.0m
- Gross operating margin -€145,865
down €145,865 (-47.6%), from €306,309 to €160,444
- Taxes -€37,461
down €37,461 (-43.6%), from €85,915 to €48,454
- Financial income +€5,224
up €5,224 (+15.9%), from €32,790 to €38,014
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 | €984,991 | €1,112,948 | +€127,957 | +13.0% |
| Fixed assets | 21/28 | €4,524 | €2,326 | -€2,198 | -48.6% |
| Tangible fixed assets | 22/27 | €4,406 | €2,208 | -€2,198 | -49.9% |
| Furniture and vehicles | 24 | €4,406 | €2,208 | -€2,198 | -49.9% |
| Financial fixed assets | 28 | €119 | €119 | = | 0.0% |
| Current assets | 29/58 | €980,467 | €1,110,622 | +€130,155 | +13.3% |
| Amounts receivable after more than one year | 29 | €80,000 | €80,000 | = | 0.0% |
| Other amounts receivable | 291 | €80,000 | €80,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €781,097 | €369,356 | -€411,741 | -52.7% |
| Trade receivables | 40 | €185,527 | €161,832 | -€23,695 | -12.8% |
| Other amounts receivable | 41 | €595,570 | €207,525 | -€388,046 | -65.2% |
| Cash at bank and in hand | 54/58 | €118,591 | €655,290 | +€536,700 | +452.6% |
| Deferred charges and accrued income | 490/1 | €779 | €5,975 | +€5,196 | +667.1% |
| Total equity and liabilities | 10/49 | €984,991 | €1,112,948 | +€127,957 | +13.0% |
| Equity | 10/15 | €919,304 | €1,047,781 | +€128,477 | +14.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €900,754 | €1,029,231 | +€128,477 | +14.3% |
| Distributable reserves | 133 | €900,754 | €1,029,231 | +€128,477 | +14.3% |
| Amounts payable | 17/49 | €65,687 | €65,167 | -€520 | -0.8% |
| Amounts payable within one year | 42/48 | €65,687 | €65,167 | -€520 | -0.8% |
| Trade debts | 44 | €16,598 | €25,576 | +€8,977 | +54.1% |
| Suppliers | 440/4 | €16,598 | €25,576 | +€8,977 | +54.1% |
| Taxes, remuneration and social security | 45 | €49,089 | €39,591 | -€9,497 | -19.3% |
| Taxes | 450/3 | €45,455 | €36,333 | -€9,122 | -20.1% |
| Remuneration and social security | 454/9 | €3,634 | €3,259 | -€375 | -10.3% |
| Remuneration, social security and pensions | 62 | €19,785 | €18,290 | -€1,495 | -7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,243 | €2,198 | -€45 | -2.0% |
| Other operating charges | 640/8 | €603 | €699 | +€96 | +15.9% |
| Gross operating margin | 9900 | €306,309 | €160,444 | -€145,865 | -47.6% |
| Operating profit (loss) | 9901 | €283,679 | €139,258 | -€144,421 | -50.9% |
| Financial income | 75/76B | €32,790 | €38,014 | +€5,224 | +15.9% |
| Recurring financial income | 75 | €32,790 | €38,014 | +€5,224 | +15.9% |
| Financial charges | 65/66B | €238 | €341 | +€102 | +43.0% |
| Recurring financial charges | 65 | €238 | €341 | +€102 | +43.0% |
| Profit (loss) for the period before taxes | 9903 | €316,230 | €176,931 | -€139,299 | -44.0% |
| Income taxes | 67/77 | €85,915 | €48,454 | -€37,461 | -43.6% |
| Profit (loss) for the period | 9904 | €230,315 | €128,477 | -€101,838 | -44.2% |
| Profit (loss) for the period to be appropriated | 9905 | €230,315 | €128,477 | -€101,838 | -44.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.