JeS: what changed
What changed
JeS
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€63,088
2024 · €178,921-€115,833
Equity
€1.5m
2024 · €1.5m+€63,088
Cash
€375,596
2024 · €193,882+€181,714
Balance sheet total
€2.5m
2024 · €2.5m-€14,852
Largest movements
Assets
- Cash +€181,714
up €181,714 (+93.7%), from €193,882 to €375,596
mainly Current investments (+€150,000) and Depreciation (+€68,360)
- Current investments -€150,000
down €150,000 (-37.5%), from €400,000 to €250,000
Equity and liabilities
- Reserves +€63,088
up €63,088 (+6.5%), from €976,860 to €1.0m
- Debts after one year -€50,000
down €50,000 (-14.0%), from €358,334 to €308,334
Income statement
- Gross operating margin -€170,760
down €170,760 (-40.8%), from €418,822 to €248,063
- Staff costs -€31,572
down €31,572 (-46.6%), from €67,707 to €36,135
- Taxes -€30,074
down €30,074 (-53.6%), from €56,079 to €26,005
- Other operating charges +€15,523
up €15,523 (+522%), from €2,971 to €18,494
- Financial charges -€6,254
down €6,254 (-13.4%), from €46,581 to €40,328
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€178,921
Gross operating margin
-€170,760
Staff costs
+€31,572
Depreciation
+€2,428
Other operating charges
-€15,523
Financial income
+€122
Financial charges
+€6,254
Taxes
+€30,074
Result 2025
€63,088
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€131,735
Investment
+€104,148
Financing
-€54,170
Cash 2024
€193,882
From operations (derived)
+€131,735
Net result for the year
+€63,088
Depreciation
+€68,360
Receivables within one year
+€23,614
Deferred charges and accrued income
+€444
Trade debts
-€4,190
Tax, wage and social debts
-€1,653
Other debts
-€17,927
Investment (derived)
+€104,148
Investment in fixed assets (net)
-€45,852
Current investments
+€150,000
Financing
-€54,170
Debts after one year
-€50,000
Current portion of long-term debt
-€4,167
Short-term financial debts
-€3
Cash 2025
€375,596
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,480,907 | €2,466,055 | -€14,852 | -0.6% |
| Fixed assets | 21/28 | €1,762,038 | €1,739,529 | -€22,509 | -1.3% |
| Tangible fixed assets | 22/27 | €1,762,038 | €1,739,529 | -€22,509 | -1.3% |
| Land and buildings | 22 | €1,693,806 | €1,687,693 | -€6,113 | -0.4% |
| Furniture and vehicles | 24 | €68,233 | €51,837 | -€16,396 | -24.0% |
| Current assets | 29/58 | €718,869 | €726,525 | +€7,657 | +1.1% |
| Amounts receivable within one year | 40/41 | €117,735 | €94,121 | -€23,614 | -20.1% |
| Trade receivables | 40 | €113,813 | €68,822 | -€44,991 | -39.5% |
| Other amounts receivable | 41 | €3,921 | €25,299 | +€21,377 | +545% |
| Current investments | 50/53 | €400,000 | €250,000 | -€150,000 | -37.5% |
| Cash at bank and in hand | 54/58 | €193,882 | €375,596 | +€181,714 | +93.7% |
| Deferred charges and accrued income | 490/1 | €7,252 | €6,809 | -€444 | -6.1% |
| Total equity and liabilities | 10/49 | €2,480,907 | €2,466,055 | -€14,852 | -0.6% |
| Equity | 10/15 | €1,482,537 | €1,545,625 | +€63,088 | +4.3% |
| Contributions | 10/11 | €323,600 | €323,600 | = | 0.0% |
| Reserves | 13 | €976,860 | €1,039,948 | +€63,088 | +6.5% |
| Distributable reserves | 133 | €976,860 | €1,039,948 | +€63,088 | +6.5% |
| Profit (loss) carried forward | 14 | €182,077 | €182,077 | = | 0.0% |
| Amounts payable | 17/49 | €998,370 | €920,430 | -€77,940 | -7.8% |
| Amounts payable after more than one year | 17 | €358,334 | €308,334 | -€50,000 | -14.0% |
| Financial debts | 170/4 | €358,334 | €308,334 | -€50,000 | -14.0% |
| Amounts payable within one year | 42/48 | €640,036 | €612,096 | -€27,940 | -4.4% |
| Current portion of amounts payable after more than one year | 42 | €54,167 | €50,000 | -€4,167 | -7.7% |
| Financial debts | 43 | €65 | €62 | -€3 | -4.6% |
| Credit institutions | 430/8 | €65 | €62 | -€3 | -4.6% |
| Trade debts | 44 | €4,511 | €320 | -€4,190 | -92.9% |
| Suppliers | 440/4 | €4,511 | €320 | -€4,190 | -92.9% |
| Taxes, remuneration and social security | 45 | €29,687 | €28,034 | -€1,653 | -5.6% |
| Taxes | 450/3 | €20,146 | €28,034 | +€7,888 | +39.2% |
| Remuneration and social security | 454/9 | €9,541 | €0 | -€9,541 | -100% |
| Other amounts payable | 47/48 | €551,607 | €533,679 | -€17,927 | -3.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €67,707 | €36,135 | -€31,572 | -46.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,789 | €68,360 | -€2,428 | -3.4% |
| Other operating charges | 640/8 | €2,971 | €18,494 | +€15,523 | +522% |
| Gross operating margin | 9900 | €418,822 | €248,063 | -€170,760 | -40.8% |
| Operating profit (loss) | 9901 | €277,355 | €125,073 | -€152,282 | -54.9% |
| Financial income | 75/76B | €4,225 | €4,347 | +€122 | +2.9% |
| Recurring financial income | 75 | €4,225 | €4,347 | +€122 | +2.9% |
| Financial charges | 65/66B | €46,581 | €40,328 | -€6,254 | -13.4% |
| Recurring financial charges | 65 | €46,581 | €40,328 | -€6,254 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €234,999 | €89,093 | -€145,907 | -62.1% |
| Income taxes | 67/77 | €56,079 | €26,005 | -€30,074 | -53.6% |
| Profit (loss) for the period | 9904 | €178,921 | €63,088 | -€115,833 | -64.7% |
| Profit (loss) for the period to be appropriated | 9905 | €178,921 | €63,088 | -€115,833 | -64.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.