JCS: 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.
JCS
Largest movements
- Receivables within one year +€26,359
up €26,359 (+18.3%), from €143,701 to €170,060
of which Trade receivables: +€50,338
- Cash -€5,205
down €5,205 (-87.5%), from €5,949 to €744
mainly Receivables within one year (-€26,359) and Tax, wage and social debts (-€24,916)
- Tax, wage and social debts -€24,916
down €24,916 (-38.7%), from €64,328 to €39,412
- Trade debts +€24,096
up €24,096 (+684%), from €3,525 to €27,622
- Profit (loss) carried forward +€20,494
up €20,494 (+25.8%), from €79,433 to €99,927
- Write-downs -€156,004
no longer reported in 2025 (was €156,004)
- Taxes -€5,508
no longer reported in 2025 (was €5,508)
- Gross operating margin +€2,695
up €2,695 (+12.9%), from €20,857 to €23,552
- Financial charges +€470
up €470 (+96.9%), from €485 to €955
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 | €153,969 | €173,643 | +€19,674 | +12.8% |
| Fixed assets | 21/28 | €2,770 | €1,289 | -€1,480 | -53.4% |
| Tangible fixed assets | 22/27 | €2,770 | €1,289 | -€1,480 | -53.4% |
| Land and buildings | 22 | €1,435 | €287 | -€1,147 | -80.0% |
| Furniture and vehicles | 24 | €1,335 | €1,002 | -€333 | -24.9% |
| Current assets | 29/58 | €151,199 | €172,354 | +€21,154 | +14.0% |
| Amounts receivable within one year | 40/41 | €143,701 | €170,060 | +€26,359 | +18.3% |
| Trade receivables | 40 | €73,267 | €123,605 | +€50,338 | +68.7% |
| Other amounts receivable | 41 | €70,434 | €46,455 | -€23,979 | -34.0% |
| Cash at bank and in hand | 54/58 | €5,949 | €744 | -€5,205 | -87.5% |
| Deferred charges and accrued income | 490/1 | €1,550 | €1,550 | +€0 | 0.0% |
| Total equity and liabilities | 10/49 | €153,969 | €173,643 | +€19,674 | +12.8% |
| Equity | 10/15 | €86,116 | €106,610 | +€20,494 | +23.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €483 | €483 | = | 0.0% |
| Non-distributable reserves | 130/1 | €483 | €483 | = | 0.0% |
| Reserves not available under the articles | 1311 | €483 | €483 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,433 | €99,927 | +€20,494 | +25.8% |
| Amounts payable | 17/49 | €67,853 | €67,033 | -€820 | -1.2% |
| Amounts payable within one year | 42/48 | €67,853 | €67,033 | -€820 | -1.2% |
| Trade debts | 44 | €3,525 | €27,622 | +€24,096 | +684% |
| Suppliers | 440/4 | €3,525 | €27,622 | +€24,096 | +684% |
| Taxes, remuneration and social security | 45 | €64,328 | €39,412 | -€24,916 | -38.7% |
| Taxes | 450/3 | €64,328 | €39,412 | -€24,916 | -38.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,308 | €1,480 | +€172 | +13.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €156,004 | - | -€156,004 | |
| Other operating charges | 640/8 | €619 | €769 | +€150 | +24.2% |
| Gross operating margin | 9900 | €20,857 | €23,552 | +€2,695 | +12.9% |
| Operating profit (loss) | 9901 | -€137,073 | €21,303 | +€158,376 | |
| Financial income | 75/76B | €0 | €146 | +€146 | +1,456,900% |
| Recurring financial income | 75 | €0 | €146 | +€146 | +1,456,900% |
| Financial charges | 65/66B | €485 | €955 | +€470 | +96.9% |
| Recurring financial charges | 65 | €485 | €955 | +€470 | +96.9% |
| Profit (loss) for the period before taxes | 9903 | -€137,558 | €20,494 | +€158,052 | |
| Income taxes | 67/77 | €5,508 | - | -€5,508 | |
| Profit (loss) for the period | 9904 | -€143,066 | €20,494 | +€163,560 | |
| Profit (loss) for the period to be appropriated | 9905 | -€143,066 | €20,494 | +€163,560 |
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 29 October 2026 via checked.be.