JS Coating Pelt: 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 Coating Pelt
Largest movements
- Cash -€57,913
down €57,913 (-51.8%), from €111,886 to €53,973
mainly Net result for the year (-€63,002) and Investment in fixed assets (net) (-€57,537)
- Stocks and contracts -€30,296
down €30,296 (-30.2%), from €100,374 to €70,077
- Receivables within one year -€13,719
down €13,719 (-6.0%), from €230,219 to €216,500
of which Trade receivables: -€14,497
- Reserves -€63,002
down €63,002 (-34.8%), from €180,790 to €117,789
- Short-term financial debts -€49,987
down €49,987 (-94.2%), from €53,061 to €3,074
- Tax, wage and social debts -€18,822
down €18,822 (-54.2%), from €34,731 to €15,909
of which Remuneration and social security: -€15,459
- Trade debts +€11,030
up €11,030 (+5.6%), from €198,476 to €209,506
- Debts after one year +€10,469
up €10,469 (+5.2%), from €201,842 to €212,310
of which Financial debts: +€10,469
- Gross operating margin -€193,374
down €193,374 (-44.3%), from €436,738 to €243,364
- Staff costs -€31,314
down €31,314 (-12.2%), from €257,612 to €226,298
- Write-downs -€29,187
down €29,187 (-100%), from €29,187 to €0
- Taxes -€18,261
down €18,261 (-98.8%), from €18,483 to €222
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 | €742,767 | €639,127 | -€103,640 | -14.0% |
| Fixed assets | 21/28 | €292,692 | €291,771 | -€921 | -0.3% |
| Tangible fixed assets | 22/27 | €292,692 | €291,771 | -€921 | -0.3% |
| Plant, machinery and equipment | 23 | €235,586 | €195,889 | -€39,697 | -16.9% |
| Furniture and vehicles | 24 | €11,002 | €6,134 | -€4,868 | -44.2% |
| Other tangible fixed assets | 26 | €46,104 | €89,748 | +€43,644 | +94.7% |
| Current assets | 29/58 | €450,074 | €347,356 | -€102,718 | -22.8% |
| Stocks and contracts in progress | 3 | €100,374 | €70,077 | -€30,296 | -30.2% |
| Stocks | 30/36 | €100,374 | €70,077 | -€30,296 | -30.2% |
| Amounts receivable within one year | 40/41 | €230,219 | €216,500 | -€13,719 | -6.0% |
| Trade receivables | 40 | €227,960 | €213,463 | -€14,497 | -6.4% |
| Other amounts receivable | 41 | €2,259 | €3,037 | +€778 | +34.4% |
| Cash at bank and in hand | 54/58 | €111,886 | €53,973 | -€57,913 | -51.8% |
| Deferred charges and accrued income | 490/1 | €7,595 | €6,805 | -€790 | -10.4% |
| Total equity and liabilities | 10/49 | €742,767 | €639,127 | -€103,640 | -14.0% |
| Equity | 10/15 | €199,390 | €136,389 | -€63,002 | -31.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €180,790 | €117,789 | -€63,002 | -34.8% |
| Distributable reserves | 133 | €180,790 | €117,789 | -€63,002 | -34.8% |
| Amounts payable | 17/49 | €543,376 | €502,739 | -€40,638 | -7.5% |
| Amounts payable after more than one year | 17 | €201,842 | €212,310 | +€10,469 | +5.2% |
| Financial debts | 170/4 | €101,842 | €112,310 | +€10,469 | +10.3% |
| Other amounts payable | 178/9 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €341,535 | €290,428 | -€51,107 | -15.0% |
| Current portion of amounts payable after more than one year | 42 | €36,199 | €39,711 | +€3,512 | +9.7% |
| Financial debts | 43 | €53,061 | €3,074 | -€49,987 | -94.2% |
| Credit institutions | 430/8 | €53,061 | €3,074 | -€49,987 | -94.2% |
| Trade debts | 44 | €198,476 | €209,506 | +€11,030 | +5.6% |
| Suppliers | 440/4 | €198,476 | €209,506 | +€11,030 | +5.6% |
| Taxes, remuneration and social security | 45 | €34,731 | €15,909 | -€18,822 | -54.2% |
| Taxes | 450/3 | €12,876 | €9,513 | -€3,363 | -26.1% |
| Remuneration and social security | 454/9 | €21,855 | €6,396 | -€15,459 | -70.7% |
| Other amounts payable | 47/48 | €19,067 | €22,228 | +€3,161 | +16.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €257,612 | €226,298 | -€31,314 | -12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,344 | €58,458 | +€4,115 | +7.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €29,187 | €0 | -€29,187 | -100% |
| Other operating charges | 640/8 | €9,308 | €10,536 | +€1,229 | +13.2% |
| Non-recurring operating charges | 66A | €1,780 | €0 | -€1,780 | -100% |
| Gross operating margin | 9900 | €436,738 | €243,364 | -€193,374 | -44.3% |
| Operating profit (loss) | 9901 | €84,508 | -€51,929 | -€136,437 | |
| Financial income | 75/76B | €1,103 | €4,673 | +€3,570 | +324% |
| Recurring financial income | 75 | €1,103 | €4,673 | +€3,570 | +324% |
| Financial charges | 65/66B | €17,702 | €15,524 | -€2,178 | -12.3% |
| Recurring financial charges | 65 | €17,702 | €15,524 | -€2,178 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €67,909 | -€62,780 | -€130,689 | |
| Income taxes | 67/77 | €18,483 | €222 | -€18,261 | -98.8% |
| Profit (loss) for the period | 9904 | €49,426 | -€63,002 | -€112,428 | |
| Profit (loss) for the period to be appropriated | 9905 | €49,426 | -€63,002 | -€112,428 |
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 14 October 2026 via checked.be.