JS ADVISORS: 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.
JS ADVISORS
Largest movements
- Tangible fixed assets +€267,854
up €267,854 (+16.8%), from €1.6m to €1.9m
of which Land and buildings: +€269,188
- Profit (loss) carried forward +€223,374
up €223,374 (+60.9%), from €366,936 to €590,309
- Other debts -€222,915
down €222,915 (-100.0%), from €222,977 to €62
- Debts after one year +€169,504
up €169,504 (+7.0%), from €2.4m to €2.6m
- Tax, wage and social debts +€86,878
up €86,878 (+78.6%), from €110,584 to €197,461
- Other operating charges -€135,574
down €135,574 (-89.2%), from €152,007 to €16,433
- Taxes +€31,925
up €31,925 (+44.2%), from €72,152 to €104,077
- Financial charges +€25,801
up €25,801 (+36.3%), from €71,131 to €96,932
- Gross operating margin +€22,414
up €22,414 (+4.6%), from €484,541 to €506,955
- Depreciation +€9,416
up €9,416 (+38.7%), from €24,344 to €33,761
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 | €3,179,006 | €3,465,606 | +€286,600 | +9.0% |
| Fixed assets | 21/28 | €1,599,193 | €1,867,048 | +€267,854 | +16.7% |
| Tangible fixed assets | 22/27 | €1,598,693 | €1,866,548 | +€267,854 | +16.8% |
| Land and buildings | 22 | €1,595,247 | €1,864,435 | +€269,188 | +16.9% |
| Furniture and vehicles | 24 | €3,377 | €2,113 | -€1,264 | -37.4% |
| Other tangible fixed assets | 26 | €70 | - | -€70 | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €1,579,813 | €1,598,558 | +€18,745 | +1.2% |
| Amounts receivable after more than one year | 29 | €34,910 | €46,792 | +€11,882 | +34.0% |
| Trade receivables | 290 | €34,910 | €46,792 | +€11,882 | +34.0% |
| Amounts receivable within one year | 40/41 | €144,746 | €163,747 | +€19,001 | +13.1% |
| Trade receivables | 40 | €19,223 | €32,795 | +€13,572 | +70.6% |
| Other amounts receivable | 41 | €125,523 | €130,952 | +€5,429 | +4.3% |
| Current investments | 50/53 | €958,345 | €966,436 | +€8,091 | +0.8% |
| Cash at bank and in hand | 54/58 | €30,284 | €7,055 | -€23,229 | -76.7% |
| Deferred charges and accrued income | 490/1 | €411,528 | €414,528 | +€3,000 | +0.7% |
| Total equity and liabilities | 10/49 | €3,179,006 | €3,465,606 | +€286,600 | +9.0% |
| Equity | 10/15 | €367,936 | €591,309 | +€223,374 | +60.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €366,936 | €590,309 | +€223,374 | +60.9% |
| Amounts payable | 17/49 | €2,811,070 | €2,874,296 | +€63,226 | +2.2% |
| Amounts payable after more than one year | 17 | €2,427,067 | €2,596,571 | +€169,504 | +7.0% |
| Financial debts | 170/4 | €2,427,067 | €2,596,571 | +€169,504 | +7.0% |
| Amounts payable within one year | 42/48 | €384,004 | €275,488 | -€108,516 | -28.3% |
| Current portion of amounts payable after more than one year | 42 | €41,621 | €67,738 | +€26,117 | +62.8% |
| Trade debts | 44 | €8,823 | €10,227 | +€1,405 | +15.9% |
| Suppliers | 440/4 | €8,823 | €10,227 | +€1,405 | +15.9% |
| Taxes, remuneration and social security | 45 | €110,584 | €197,461 | +€86,878 | +78.6% |
| Taxes | 450/3 | €110,584 | €197,461 | +€86,878 | +78.6% |
| Other amounts payable | 47/48 | €222,977 | €62 | -€222,915 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €2,237 | +€2,237 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,344 | €33,761 | +€9,416 | +38.7% |
| Other operating charges | 640/8 | €152,007 | €16,433 | -€135,574 | -89.2% |
| Gross operating margin | 9900 | €484,541 | €506,955 | +€22,414 | +4.6% |
| Operating profit (loss) | 9901 | €308,189 | €456,761 | +€148,571 | +48.2% |
| Financial income | 75/76B | €13,509 | €7,622 | -€5,888 | -43.6% |
| Recurring financial income | 75 | €13,509 | €7,622 | -€5,888 | -43.6% |
| Financial charges | 65/66B | €71,131 | €96,932 | +€25,801 | +36.3% |
| Recurring financial charges | 65 | €71,131 | €96,932 | +€25,801 | +36.3% |
| Profit (loss) for the period before taxes | 9903 | €250,568 | €367,451 | +€116,882 | +46.6% |
| Income taxes | 67/77 | €72,152 | €104,077 | +€31,925 | +44.2% |
| Profit (loss) for the period | 9904 | €178,417 | €263,374 | +€84,957 | +47.6% |
| Profit (loss) for the period to be appropriated | 9905 | €178,417 | €263,374 | +€84,957 | +47.6% |
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 5 October 2026 via checked.be.