JS ASSOCIES: 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.
JS ASSOCIES
Largest movements
- Cash +€45,917
up €45,917 (+316%), from €14,509 to €60,426
mainly Net result for the year (+€30,663) and Trade debts (+€9,507)
- Receivables within one year +€3,264
up €3,264 (+16.0%), from €20,390 to €23,654
- Tangible fixed assets -€1,663
down €1,663 (-9.8%), from €16,972 to €15,310
of which Other tangible fixed assets: -€1,454
- Profit (loss) carried forward +€23,007
no longer reported in 2025 (was -€23,007)
- Trade debts +€9,507
up €9,507 (+3,741%), from €254 to €9,761
- Reserves +€7,657
up €7,657 (+14.1%), from €54,264 to €61,921
- Tax, wage and social debts +€6,566
up €6,566 (+38.3%), from €17,126 to €23,692
of which Taxes: +€12,711
- Staff costs -€49,441
down €49,441 (-53.6%), from €92,293 to €42,851
- Taxes +€11,329
up €11,329 (+4,409%), from €257 to €11,586
- Gross operating margin +€8,243
up €8,243 (+9.9%), from €82,874 to €91,117
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 | €61,065 | €107,801 | +€46,736 | +76.5% |
| Fixed assets | 21/28 | €19,717 | €18,055 | -€1,663 | -8.4% |
| Tangible fixed assets | 22/27 | €16,972 | €15,310 | -€1,663 | -9.8% |
| Furniture and vehicles | 24 | €4,324 | €4,115 | -€209 | -4.8% |
| Other tangible fixed assets | 26 | €12,648 | €11,195 | -€1,454 | -11.5% |
| Financial fixed assets | 28 | €2,745 | €2,745 | = | 0.0% |
| Current assets | 29/58 | €41,348 | €89,747 | +€48,399 | +117% |
| Amounts receivable within one year | 40/41 | €20,390 | €23,654 | +€3,264 | +16.0% |
| Trade receivables | 40 | €20,390 | €23,654 | +€3,264 | +16.0% |
| Cash at bank and in hand | 54/58 | €14,509 | €60,426 | +€45,917 | +316% |
| Deferred charges and accrued income | 490/1 | €6,449 | €5,666 | -€782 | -12.1% |
| Total equity and liabilities | 10/49 | €61,065 | €107,801 | +€46,736 | +76.5% |
| Equity | 10/15 | €43,658 | €74,321 | +€30,663 | +70.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | - | -€12,400 | |
| Other | 1109/19 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €54,264 | €61,921 | +€7,657 | +14.1% |
| Distributable reserves | 133 | €54,264 | €61,921 | +€7,657 | +14.1% |
| Profit (loss) carried forward | 14 | -€23,007 | - | +€23,007 | |
| Amounts payable | 17/49 | €17,407 | €33,480 | +€16,073 | +92.3% |
| Amounts payable within one year | 42/48 | €17,380 | €33,480 | +€16,100 | +92.6% |
| Trade debts | 44 | €254 | €9,761 | +€9,507 | +3,741% |
| Suppliers | 440/4 | €254 | €9,761 | +€9,507 | +3,741% |
| Taxes, remuneration and social security | 45 | €17,126 | €23,692 | +€6,566 | +38.3% |
| Taxes | 450/3 | €5,274 | €17,986 | +€12,711 | +241% |
| Remuneration and social security | 454/9 | €11,851 | €5,706 | -€6,145 | -51.9% |
| Other amounts payable | 47/48 | - | €28 | +€28 | |
| Accrued charges and deferred income | 492/3 | €28 | - | -€28 | |
| Remuneration, social security and pensions | 62 | €92,293 | €42,851 | -€49,441 | -53.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,783 | €3,200 | +€417 | +15.0% |
| Other operating charges | 640/8 | €1,406 | €1,445 | +€39 | +2.7% |
| Non-recurring operating charges | 66A | €300 | - | -€300 | |
| Gross operating margin | 9900 | €82,874 | €91,117 | +€8,243 | +9.9% |
| Operating profit (loss) | 9901 | -€13,908 | €43,620 | +€57,528 | |
| Financial income | 75/76B | €163 | €4 | -€159 | -97.5% |
| Recurring financial income | 75 | €163 | €4 | -€159 | -97.5% |
| Financial charges | 65/66B | €1,632 | €1,376 | -€256 | -15.7% |
| Recurring financial charges | 65 | €1,632 | €1,376 | -€256 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | -€15,376 | €42,249 | +€57,625 | |
| Income taxes | 67/77 | €257 | €11,586 | +€11,329 | +4,409% |
| Profit (loss) for the period | 9904 | -€15,633 | €30,663 | +€46,296 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,633 | €30,663 | +€46,296 |
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 17 October 2026 via checked.be.