JS CARDIO: 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 CARDIO
Largest movements
- Current investments +€1.1m
up €1.1m (+510.1%), from €217,757 to €1.3m
- Cash -€366,914
down €366,914 (-61.4%), from €597,324 to €230,411
mainly Current investments (-€1.1m) and Contributions, distributions and other (-€12,000)
- Deferred charges and accrued income -€57,367
down €57,367 (-27.6%), from €208,158 to €150,791
- Reserves +€549,772
up €549,772 (+73.6%), from €746,881 to €1.3m
- Tax, wage and social debts +€120,979
up €120,979 (+36.4%), from €332,189 to €453,167
of which Taxes: +€120,979
- Gross operating margin +€146,621
up €146,621 (+22.3%), from €656,366 to €802,986
- Taxes +€43,842
up €43,842 (+21.0%), from €208,499 to €252,340
- Financial income +€19,292
up €19,292 (+123.3%), from €15,640 to €34,932
- Financial charges +€12,019
up €12,019 (+2971.5%), from €404 to €12,423
- Depreciation +€9,749
up €9,749 (+1006.1%), from €969 to €10,718
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 | €1,089,338 | €1,765,096 | +€675,759 | +62.0% |
| Fixed assets | 21/28 | €66,099 | €55,380 | -€10,718 | -16.2% |
| Tangible fixed assets | 22/27 | €52,622 | €41,904 | -€10,718 | -20.4% |
| Furniture and vehicles | 24 | €52,622 | €41,904 | -€10,718 | -20.4% |
| Financial fixed assets | 28 | €13,477 | €13,477 | = | 0.0% |
| Current assets | 29/58 | €1,023,239 | €1,709,716 | +€686,477 | +67.1% |
| Current investments | 50/53 | €217,757 | €1,328,514 | +€1.1m | +510.1% |
| Cash at bank and in hand | 54/58 | €597,324 | €230,411 | -€366,914 | -61.4% |
| Deferred charges and accrued income | 490/1 | €208,158 | €150,791 | -€57,367 | -27.6% |
| Total equity and liabilities | 10/49 | €1,089,338 | €1,765,096 | +€675,759 | +62.0% |
| Equity | 10/15 | €751,881 | €1,301,653 | +€549,772 | +73.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €746,881 | €1,296,653 | +€549,772 | +73.6% |
| Distributable reserves | 133 | €746,881 | €1,296,653 | +€549,772 | +73.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €337,457 | €463,443 | +€125,986 | +37.3% |
| Amounts payable within one year | 42/48 | €334,437 | €459,563 | +€125,127 | +37.4% |
| Trade debts | 44 | €2,248 | €337 | -€1,911 | -85.0% |
| Suppliers | 440/4 | €2,248 | €337 | -€1,911 | -85.0% |
| Taxes, remuneration and social security | 45 | €332,189 | €453,167 | +€120,979 | +36.4% |
| Taxes | 450/3 | €330,689 | €451,667 | +€120,979 | +36.6% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | - | €6,059 | +€6,059 | |
| Accrued charges and deferred income | 492/3 | €3,020 | €3,880 | +€860 | +28.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €969 | €10,718 | +€9,749 | +1006.1% |
| Other operating charges | 640/8 | €341 | €664 | +€323 | +94.5% |
| Gross operating margin | 9900 | €656,366 | €802,986 | +€146,621 | +22.3% |
| Operating profit (loss) | 9901 | €655,055 | €791,604 | +€136,549 | +20.8% |
| Financial income | 75/76B | €15,640 | €34,932 | +€19,292 | +123.3% |
| Recurring financial income | 75 | €15,640 | €34,932 | +€19,292 | +123.3% |
| Financial charges | 65/66B | €404 | €12,423 | +€12,019 | +2971.5% |
| Recurring financial charges | 65 | €404 | €12,423 | +€12,019 | +2971.5% |
| Profit (loss) for the period before taxes | 9903 | €670,291 | €814,113 | +€143,822 | +21.5% |
| Income taxes | 67/77 | €208,499 | €252,340 | +€43,842 | +21.0% |
| Profit (loss) for the period | 9904 | €461,792 | €561,772 | +€99,980 | +21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €461,792 | €561,772 | +€99,980 | +21.7% |
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.