JAS: 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.
JAS
Largest movements
- Receivables within one year -€24,029
down €24,029 (-22.2%), from €108,391 to €84,362
of which Trade receivables: -€14,258
- Cash +€9,583
up €9,583 (+142.0%), from €6,751 to €16,333
mainly Receivables within one year (+€24,029) and Debts after one year (+€11,471)
- Tangible fixed assets +€8,399
up €8,399 (+48.8%), from €17,214 to €25,613
- Other debts -€23,167
down €23,167 (-97.5%), from €23,750 to €583
- Debts after one year +€11,471
up €11,471 (+73.8%), from €15,539 to €27,010
- Reserves +€5,500
up €5,500 (+8.4%), from €65,500 to €71,000
- Trade debts +€2,206
up €2,206 (+56.1%), from €3,933 to €6,139
- Current portion of long-term debt +€1,485
up €1,485 (+20.5%), from €7,246 to €8,731
- Other operating charges +€12,527
up €12,527 (+533.9%), from €2,346 to €14,873
- Gross operating margin +€11,815
up €11,815 (+52.6%), from €22,458 to €34,272
- Taxes -€4,726
down €4,726 (-51.1%), from €9,245 to €4,519
- Financial income -€1,860
down €1,860 (-41.0%), from €4,535 to €2,675
- Depreciation +€1,709
up €1,709 (+21.0%), from €8,154 to €9,863
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 | €132,355 | €126,309 | -€6,047 | -4.6% |
| Fixed assets | 21/28 | €17,214 | €25,613 | +€8,399 | +48.8% |
| Tangible fixed assets | 22/27 | €17,214 | €25,613 | +€8,399 | +48.8% |
| Furniture and vehicles | 24 | €17,214 | €25,613 | +€8,399 | +48.8% |
| Current assets | 29/58 | €115,142 | €100,696 | -€14,446 | -12.5% |
| Amounts receivable within one year | 40/41 | €108,391 | €84,362 | -€24,029 | -22.2% |
| Trade receivables | 40 | €28,768 | €14,510 | -€14,258 | -49.6% |
| Other amounts receivable | 41 | €79,623 | €69,853 | -€9,771 | -12.3% |
| Cash at bank and in hand | 54/58 | €6,751 | €16,333 | +€9,583 | +142.0% |
| Total equity and liabilities | 10/49 | €132,355 | €126,309 | -€6,047 | -4.6% |
| Equity | 10/15 | €67,954 | €72,690 | +€4,736 | +7.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €65,500 | €71,000 | +€5,500 | +8.4% |
| Distributable reserves | 133 | €65,500 | €71,000 | +€5,500 | +8.4% |
| Profit (loss) carried forward | 14 | €1,454 | €690 | -€764 | -52.5% |
| Amounts payable | 17/49 | €64,401 | €53,618 | -€10,783 | -16.7% |
| Amounts payable after more than one year | 17 | €15,539 | €27,010 | +€11,471 | +73.8% |
| Financial debts | 170/4 | €15,539 | €27,010 | +€11,471 | +73.8% |
| Amounts payable within one year | 42/48 | €48,863 | €26,608 | -€22,254 | -45.5% |
| Current portion of amounts payable after more than one year | 42 | €7,246 | €8,731 | +€1,485 | +20.5% |
| Financial debts | 43 | €3,898 | €2,466 | -€1,433 | -36.7% |
| Credit institutions | 430/8 | €3,898 | €2,466 | -€1,433 | -36.7% |
| Trade debts | 44 | €3,933 | €6,139 | +€2,206 | +56.1% |
| Suppliers | 440/4 | €3,933 | €6,139 | +€2,206 | +56.1% |
| Taxes, remuneration and social security | 45 | €10,035 | €8,690 | -€1,346 | -13.4% |
| Taxes | 450/3 | €10,035 | €8,690 | -€1,346 | -13.4% |
| Other amounts payable | 47/48 | €23,750 | €583 | -€23,167 | -97.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,154 | €9,863 | +€1,709 | +21.0% |
| Other operating charges | 640/8 | €2,346 | €14,873 | +€12,527 | +533.9% |
| Gross operating margin | 9900 | €22,458 | €34,272 | +€11,815 | +52.6% |
| Operating profit (loss) | 9901 | €11,957 | €9,535 | -€2,422 | -20.3% |
| Financial income | 75/76B | €4,535 | €2,675 | -€1,860 | -41.0% |
| Recurring financial income | 75 | €4,535 | €2,675 | -€1,860 | -41.0% |
| Financial charges | 65/66B | €1,722 | €2,122 | +€401 | +23.3% |
| Recurring financial charges | 65 | €1,722 | €2,122 | +€401 | +23.3% |
| Profit (loss) for the period before taxes | 9903 | €14,770 | €10,088 | -€4,682 | -31.7% |
| Income taxes | 67/77 | €9,245 | €4,519 | -€4,726 | -51.1% |
| Profit (loss) for the period | 9904 | €5,525 | €5,569 | +€44 | +0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,525 | €5,569 | +€44 | +0.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.