JCS PROJECTS: 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 PROJECTS
Largest movements
- Cash -€82,726
down €82,726 (-27.2%), from €304,168 to €221,442
mainly Contributions, distributions and other (-€249,170) and Trade debts (-€6,600)
- Tangible fixed assets -€17,982
down €17,982 (-35.1%), from €51,159 to €33,178
- Receivables within one year -€8,027
down €8,027 (-48.9%), from €16,427 to €8,400
of which Other amounts receivable: -€4,436
- Reserves -€161,426
down €161,426 (-58.0%), from €278,434 to €117,008
- Other debts +€125,328
up €125,328 (+11,055%), from €1,134 to €126,462
- Contributions -€72,000
down €72,000 (-74.2%), from €97,000 to €25,000
- Tax, wage and social debts +€7,240
new in 2025: €7,240
- Trade debts -€6,600
down €6,600 (-82.6%), from €7,990 to €1,390
- Gross operating margin +€17,138
up €17,138 (+66.4%), from €25,821 to €42,959
- Taxes +€5,736
up €5,736 (+733%), from €783 to €6,519
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 | €386,790 | €279,333 | -€107,457 | -27.8% |
| Fixed assets | 21/28 | €51,159 | €33,178 | -€17,982 | -35.1% |
| Tangible fixed assets | 22/27 | €51,159 | €33,178 | -€17,982 | -35.1% |
| Furniture and vehicles | 24 | €51,159 | €33,178 | -€17,982 | -35.1% |
| Current assets | 29/58 | €335,631 | €246,155 | -€89,476 | -26.7% |
| Amounts receivable within one year | 40/41 | €16,427 | €8,400 | -€8,027 | -48.9% |
| Trade receivables | 40 | €11,991 | €8,400 | -€3,591 | -30.0% |
| Other amounts receivable | 41 | €4,436 | - | -€4,436 | |
| Current investments | 50/53 | €10,000 | €10,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €304,168 | €221,442 | -€82,726 | -27.2% |
| Deferred charges and accrued income | 490/1 | €5,036 | €6,314 | +€1,278 | +25.4% |
| Total equity and liabilities | 10/49 | €386,790 | €279,333 | -€107,457 | -27.8% |
| Equity | 10/15 | €377,667 | €144,242 | -€233,426 | -61.8% |
| Contributions | 10/11 | €97,000 | €25,000 | -€72,000 | -74.2% |
| Reserves | 13 | €278,434 | €117,008 | -€161,426 | -58.0% |
| Distributable reserves | 133 | €278,434 | €117,008 | -€161,426 | -58.0% |
| Profit (loss) carried forward | 14 | €2,234 | €2,234 | = | 0.0% |
| Amounts payable | 17/49 | €9,123 | €135,091 | +€125,968 | +1,381% |
| Amounts payable within one year | 42/48 | €9,123 | €135,091 | +€125,968 | +1,381% |
| Trade debts | 44 | €7,990 | €1,390 | -€6,600 | -82.6% |
| Suppliers | 440/4 | €7,990 | €1,390 | -€6,600 | -82.6% |
| Taxes, remuneration and social security | 45 | - | €7,240 | +€7,240 | |
| Taxes | 450/3 | - | €7,240 | +€7,240 | |
| Other amounts payable | 47/48 | €1,134 | €126,462 | +€125,328 | +11,055% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,676 | €19,560 | -€116 | -0.6% |
| Other operating charges | 640/8 | €799 | €679 | -€120 | -15.0% |
| Gross operating margin | 9900 | €25,821 | €42,959 | +€17,138 | +66.4% |
| Operating profit (loss) | 9901 | €5,346 | €22,720 | +€17,374 | +325% |
| Financial income | 75/76B | €13 | €39 | +€26 | +207% |
| Recurring financial income | 75 | €13 | €39 | +€26 | +207% |
| Financial charges | 65/66B | €155 | €496 | +€341 | +220% |
| Recurring financial charges | 65 | €155 | €496 | +€341 | +220% |
| Profit (loss) for the period before taxes | 9903 | €5,204 | €22,263 | +€17,059 | +328% |
| Income taxes | 67/77 | €783 | €6,519 | +€5,736 | +733% |
| Profit (loss) for the period | 9904 | €4,421 | €15,744 | +€11,323 | +256% |
| Profit (loss) for the period to be appropriated | 9905 | €4,421 | €15,744 | +€11,323 | +256% |
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 16 October 2026 via checked.be.