JAS: 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.
JAS
Largest movements
- Receivables within one year -€26,607
down €26,607 (-87.3%), from €30,472 to €3,865
of which Trade receivables: -€25,476
- Tangible fixed assets -€10,123
down €10,123 (-40.3%), from €25,149 to €15,026
- Cash +€7,673
up €7,673 (+327%), from €2,343 to €10,016
mainly Receivables within one year (+€26,607) and Tax, wage and social debts (+€21,427)
- Stocks and contracts -€4,084
down €4,084 (-8.7%), from €46,751 to €42,667
- Trade debts -€27,358
down €27,358 (-82.1%), from €33,313 to €5,955
- Tax, wage and social debts +€21,427
up €21,427 (+233%), from €9,205 to €30,632
of which Remuneration and social security: +€24,893
- Profit (loss) carried forward -€17,703
down €17,703 (-83.6%), from €21,187 to €3,484
- Debts after one year -€9,148
down €9,148 (-62.6%), from €14,608 to €5,461
- Staff costs +€30,418
up €30,418 (+801%), from €3,797 to €34,215
- Turnover +€28,289
up €28,289 (+9.3%), from €305,384 to €333,672
- Purchases and services +€22,110
up €22,110 (+7.7%), from €286,469 to €308,579
- Gross operating margin +€6,053
up €6,053 (+22.2%), from €27,261 to €33,313
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €106,216 | €73,279 | -€32,936 | -31.0% |
| Fixed assets | 21/28 | €26,649 | €16,526 | -€10,123 | -38.0% |
| Tangible fixed assets | 22/27 | €25,149 | €15,026 | -€10,123 | -40.3% |
| Furniture and vehicles | 24 | €25,149 | €15,026 | -€10,123 | -40.3% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €79,566 | €56,753 | -€22,813 | -28.7% |
| Stocks and contracts in progress | 3 | €46,751 | €42,667 | -€4,084 | -8.7% |
| Stocks | 30/36 | €46,751 | €42,667 | -€4,084 | -8.7% |
| Amounts receivable within one year | 40/41 | €30,472 | €3,865 | -€26,607 | -87.3% |
| Trade receivables | 40 | €26,467 | €991 | -€25,476 | -96.3% |
| Other amounts receivable | 41 | €4,006 | €2,874 | -€1,131 | -28.2% |
| Cash at bank and in hand | 54/58 | €2,343 | €10,016 | +€7,673 | +327% |
| Deferred charges and accrued income | 490/1 | - | €205 | +€205 | |
| Total equity and liabilities | 10/49 | €106,216 | €73,279 | -€32,936 | -31.0% |
| Equity | 10/15 | €39,787 | €22,084 | -€17,703 | -44.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,187 | €3,484 | -€17,703 | -83.6% |
| Amounts payable | 17/49 | €66,429 | €51,195 | -€15,233 | -22.9% |
| Amounts payable after more than one year | 17 | €14,608 | €5,461 | -€9,148 | -62.6% |
| Financial debts | 170/4 | €14,608 | €5,461 | -€9,148 | -62.6% |
| Amounts payable within one year | 42/48 | €51,820 | €45,734 | -€6,086 | -11.7% |
| Current portion of amounts payable after more than one year | 42 | €8,790 | €9,148 | +€358 | +4.1% |
| Trade debts | 44 | €33,313 | €5,955 | -€27,358 | -82.1% |
| Suppliers | 440/4 | €33,313 | €5,955 | -€27,358 | -82.1% |
| Taxes, remuneration and social security | 45 | €9,205 | €30,632 | +€21,427 | +233% |
| Taxes | 450/3 | €5,652 | €2,185 | -€3,467 | -61.3% |
| Remuneration and social security | 454/9 | €3,554 | €28,447 | +€24,893 | +700% |
| Other amounts payable | 47/48 | €512 | - | -€512 | |
| Turnover | 70 | €305,384 | €333,672 | +€28,289 | +9.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €286,469 | €308,579 | +€22,110 | +7.7% |
| Remuneration, social security and pensions | 62 | €3,797 | €34,215 | +€30,418 | +801% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,590 | €10,123 | -€1,467 | -12.7% |
| Other operating charges | 640/8 | €5,242 | €5,018 | -€224 | -4.3% |
| Gross operating margin | 9900 | €27,261 | €33,313 | +€6,053 | +22.2% |
| Operating profit (loss) | 9901 | €6,632 | -€16,043 | -€22,675 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,247 | €1,699 | +€452 | +36.3% |
| Recurring financial charges | 65 | €1,247 | €1,699 | +€452 | +36.3% |
| Profit (loss) for the period before taxes | 9903 | €5,385 | -€17,741 | -€23,126 | |
| Income taxes | 67/77 | €408 | -€38 | -€446 | |
| Profit (loss) for the period | 9904 | €4,977 | -€17,703 | -€22,680 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,977 | -€17,703 | -€22,680 |
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 20 October 2026 via checked.be.