JCSR: 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.
JCSR
Largest movements
- Tangible fixed assets +€38,729
up €38,729 (+3248.2%), from €1,192 to €39,921
of which Furniture and vehicles: +€38,914
- Cash +€16,262
up €16,262 (+256.4%), from €6,341 to €22,603
mainly Debts after one year (+€69,352) and Net result for the year (+€24,746)
- Intangible fixed assets -€13,500
down €13,500 (-12.5%), from €108,000 to €94,500
- Other debts -€81,561
down €81,561 (-63.3%), from €128,833 to €47,272
- Debts after one year +€69,352
new in 2025: €69,352
- Profit (loss) carried forward +€24,746
up €24,746, from -€13,619 to €11,127
- Current portion of long-term debt +€19,069
new in 2025: €19,069
- Tax, wage and social debts +€8,510
up €8,510 (+3419.5%), from €249 to €8,759
- Gross operating margin +€40,407
up €40,407 (+253.3%), from €15,951 to €56,358
- Taxes +€8,261
up €8,261 (+3319.5%), from €249 to €8,510
- Depreciation +€5,692
up €5,692 (+41.6%), from €13,685 to €19,377
- Financial charges +€1,812
up €1,812 (+142.2%), from €1,274 to €3,086
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 | €117,463 | €160,161 | +€42,698 | +36.4% |
| Fixed assets | 21/28 | €109,192 | €134,421 | +€25,229 | +23.1% |
| Intangible fixed assets | 21 | €108,000 | €94,500 | -€13,500 | -12.5% |
| Tangible fixed assets | 22/27 | €1,192 | €39,921 | +€38,729 | +3248.2% |
| Furniture and vehicles | 24 | - | €38,914 | +€38,914 | |
| Other tangible fixed assets | 26 | €1,192 | €1,008 | -€185 | -15.5% |
| Current assets | 29/58 | €8,271 | €25,740 | +€17,469 | +211.2% |
| Amounts receivable within one year | 40/41 | €34 | - | -€34 | |
| Trade receivables | 40 | €34 | - | -€34 | |
| Cash at bank and in hand | 54/58 | €6,341 | €22,603 | +€16,262 | +256.4% |
| Deferred charges and accrued income | 490/1 | €1,895 | €3,137 | +€1,242 | +65.5% |
| Total equity and liabilities | 10/49 | €117,463 | €160,161 | +€42,698 | +36.4% |
| Equity | 10/15 | -€11,619 | €13,127 | +€24,746 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,619 | €11,127 | +€24,746 | |
| Amounts payable | 17/49 | €129,082 | €147,034 | +€17,952 | +13.9% |
| Amounts payable after more than one year | 17 | - | €69,352 | +€69,352 | |
| Financial debts | 170/4 | - | €69,352 | +€69,352 | |
| Amounts payable within one year | 42/48 | €129,082 | €77,682 | -€51,400 | -39.8% |
| Current portion of amounts payable after more than one year | 42 | - | €19,069 | +€19,069 | |
| Trade debts | 44 | - | €2,582 | +€2,582 | |
| Suppliers | 440/4 | - | €2,582 | +€2,582 | |
| Taxes, remuneration and social security | 45 | €249 | €8,759 | +€8,510 | +3419.5% |
| Taxes | 450/3 | €249 | €8,759 | +€8,510 | +3419.5% |
| Other amounts payable | 47/48 | €128,833 | €47,272 | -€81,561 | -63.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,685 | €19,377 | +€5,692 | +41.6% |
| Other operating charges | 640/8 | €618 | €638 | +€20 | +3.2% |
| Gross operating margin | 9900 | €15,951 | €56,358 | +€40,407 | +253.3% |
| Operating profit (loss) | 9901 | €1,648 | €36,343 | +€34,695 | +2105.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,274 | €3,086 | +€1,812 | +142.2% |
| Recurring financial charges | 65 | €1,274 | €3,086 | +€1,812 | +142.2% |
| Profit (loss) for the period before taxes | 9903 | €374 | €33,257 | +€32,883 | +8794.3% |
| Income taxes | 67/77 | €249 | €8,510 | +€8,261 | +3319.5% |
| Profit (loss) for the period | 9904 | €125 | €24,746 | +€24,621 | +19690.9% |
| Profit (loss) for the period to be appropriated | 9905 | €125 | €24,746 | +€24,621 | +19690.9% |
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 29 September 2026 via checked.be.