JS ADVICE: what changed
JS ADVICE
Largest movements
- Receivables after one year +€101,832
up €101,832 (+653%), from €15,601 to €117,433
- Receivables within one year -€98,620
down €98,620 (-92.6%), from €106,503 to €7,883
of which Other amounts receivable: -€87,590
- Cash -€64,431
down €64,431 (-38.7%), from €166,326 to €101,895
mainly Receivables after one year (-€101,832) and Contributions, distributions and other (-€72,034)
- Tangible fixed assets -€16,847
down €16,847 (-35.4%), from €47,610 to €30,763
of which Furniture and vehicles: -€16,975
- Reserves -€72,034
down €72,034 (-26.7%), from €270,212 to €198,178
- Other debts +€68,432
new in 2025: €68,432
- Profit (loss) carried forward -€49,520
new in 2025: -€49,520
- Debts after one year -€11,367
down €11,367 (-39.0%), from €29,135 to €17,768
- Trade debts -€10,762
down €10,762 (-73.6%), from €14,627 to €3,865
- Gross operating margin -€61,012
down €61,012, from €26,644 to -€34,368
- Taxes -€7,094
down €7,094, from €6,990 to -€103
- Depreciation +€2,551
up €2,551 (+20.2%), from €12,613 to €15,164
- Financial charges +€1,481
up €1,481 (+151%), from €982 to €2,463
- Financial income +€1,391
up €1,391 (+35.3%), from €3,936 to €5,326
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €338,191 | €259,165 | -€79,026 | -23.4% |
| Fixed assets | 21/28 | €49,761 | €31,954 | -€17,807 | -35.8% |
| Intangible fixed assets | 21 | €2,151 | €1,191 | -€960 | -44.6% |
| Tangible fixed assets | 22/27 | €47,610 | €30,763 | -€16,847 | -35.4% |
| Plant, machinery and equipment | 23 | €528 | €656 | +€128 | +24.2% |
| Furniture and vehicles | 24 | €47,082 | €30,108 | -€16,975 | -36.1% |
| Current assets | 29/58 | €288,429 | €227,211 | -€61,219 | -21.2% |
| Amounts receivable after more than one year | 29 | €15,601 | €117,433 | +€101,832 | +653% |
| Other amounts receivable | 291 | €15,601 | €117,433 | +€101,832 | +653% |
| Amounts receivable within one year | 40/41 | €106,503 | €7,883 | -€98,620 | -92.6% |
| Trade receivables | 40 | €11,404 | €374 | -€11,030 | -96.7% |
| Other amounts receivable | 41 | €95,098 | €7,509 | -€87,590 | -92.1% |
| Cash at bank and in hand | 54/58 | €166,326 | €101,895 | -€64,431 | -38.7% |
| Total equity and liabilities | 10/49 | €338,191 | €259,165 | -€79,026 | -23.4% |
| Equity | 10/15 | €276,412 | €154,858 | -€121,554 | -44.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €270,212 | €198,178 | -€72,034 | -26.7% |
| Distributable reserves | 133 | €270,212 | €198,178 | -€72,034 | -26.7% |
| Profit (loss) carried forward | 14 | - | -€49,520 | -€49,520 | |
| Amounts payable | 17/49 | €61,779 | €104,307 | +€42,528 | +68.8% |
| Amounts payable after more than one year | 17 | €29,135 | €17,768 | -€11,367 | -39.0% |
| Financial debts | 170/4 | €29,135 | €17,768 | -€11,367 | -39.0% |
| Amounts payable within one year | 42/48 | €32,643 | €86,539 | +€53,895 | +165% |
| Current portion of amounts payable after more than one year | 42 | €10,999 | €11,367 | +€368 | +3.3% |
| Trade debts | 44 | €14,627 | €3,865 | -€10,762 | -73.6% |
| Suppliers | 440/4 | €14,627 | €3,865 | -€10,762 | -73.6% |
| Taxes, remuneration and social security | 45 | €7,017 | €2,874 | -€4,143 | -59.0% |
| Taxes | 450/3 | €7,017 | €2,874 | -€4,143 | -59.0% |
| Other amounts payable | 47/48 | - | €68,432 | +€68,432 | |
| Non-recurring operating income | 76A | €3,962 | - | -€3,962 | |
| Goods, raw materials, services and sundry goods | 60/61 | €42,822 | €43,071 | +€250 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,613 | €15,164 | +€2,551 | +20.2% |
| Other operating charges | 640/8 | €1,880 | €2,954 | +€1,074 | +57.1% |
| Gross operating margin | 9900 | €26,644 | -€34,368 | -€61,012 | |
| Operating profit (loss) | 9901 | €12,150 | -€52,486 | -€64,636 | |
| Financial income | 75/76B | €3,936 | €5,326 | +€1,391 | +35.3% |
| Recurring financial income | 75 | €3,936 | €5,326 | +€1,391 | +35.3% |
| Financial charges | 65/66B | €982 | €2,463 | +€1,481 | +151% |
| Recurring financial charges | 65 | €982 | €2,463 | +€1,481 | +151% |
| Profit (loss) for the period before taxes | 9903 | €15,104 | -€49,623 | -€64,727 | |
| Income taxes | 67/77 | €6,990 | -€103 | -€7,094 | |
| Profit (loss) for the period | 9904 | €8,114 | -€49,520 | -€57,634 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,114 | -€49,520 | -€57,634 |
Next steps
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.