JS CONSULT: 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 CONSULT
Largest movements
- Tangible fixed assets +€125,760
up €125,760 (+10.8%), from €1.2m to €1.3m
of which Land and buildings: +€127,175
- Receivables within one year -€101,437
down €101,437 (-56.1%), from €180,737 to €79,300
of which Other amounts receivable: -€91,095
- Cash +€27,838
up €27,838 (+121.1%), from €22,979 to €50,817
mainly Receivables within one year (+€101,437) and Depreciation (+€83,344)
- Other debts +€81,597
up €81,597 (+22.7%), from €360,000 to €441,597
- Reserves -€70,278
down €70,278 (-14.9%), from €471,426 to €401,148
of which Distributable reserves: -€36,598
- Debts after one year +€27,413
up €27,413 (+2.8%), from €986,548 to €1.0m
of which Financial debts: +€112,691
- Financial income -€154,524
down €154,524 (-91.6%), from €168,689 to €14,165
of which Financial income: -€152,654
- Taxes -€18,317
down €18,317 (-45.6%), from €40,201 to €21,884
- Financial charges +€8,093
up €8,093 (+22.6%), from €35,825 to €43,918
- Staff costs +€5,960
up €5,960 (+17.9%), from €33,389 to €39,349
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 | €1,933,170 | €1,986,479 | +€53,309 | +2.8% |
| Fixed assets | 21/28 | €1,478,892 | €1,604,652 | +€125,760 | +8.5% |
| Tangible fixed assets | 22/27 | €1,168,997 | €1,294,757 | +€125,760 | +10.8% |
| Land and buildings | 22 | €1,085,731 | €1,212,906 | +€127,175 | +11.7% |
| Plant, machinery and equipment | 23 | €60,301 | €76,661 | +€16,360 | +27.1% |
| Furniture and vehicles | 24 | €22,965 | €5,190 | -€17,775 | -77.4% |
| Financial fixed assets | 28 | €309,895 | €309,895 | = | 0.0% |
| Current assets | 29/58 | €454,278 | €381,827 | -€72,451 | -15.9% |
| Amounts receivable within one year | 40/41 | €180,737 | €79,300 | -€101,437 | -56.1% |
| Trade receivables | 40 | €18,237 | €7,895 | -€10,342 | -56.7% |
| Other amounts receivable | 41 | €162,500 | €71,405 | -€91,095 | -56.1% |
| Current investments | 50/53 | €250,562 | €250,562 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €22,979 | €50,817 | +€27,838 | +121.1% |
| Deferred charges and accrued income | 490/1 | - | €1,148 | +€1,148 | |
| Total equity and liabilities | 10/49 | €1,933,170 | €1,986,479 | +€53,309 | +2.8% |
| Equity | 10/15 | €489,976 | €419,698 | -€70,278 | -14.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €471,426 | €401,148 | -€70,278 | -14.9% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €79,990 | €46,310 | -€33,680 | -42.1% |
| Distributable reserves | 133 | €389,581 | €352,983 | -€36,598 | -9.4% |
| Amounts payable | 17/49 | €1,443,194 | €1,566,781 | +€123,587 | +8.6% |
| Amounts payable after more than one year | 17 | €986,548 | €1,013,961 | +€27,413 | +2.8% |
| Financial debts | 170/4 | €699,256 | €811,947 | +€112,691 | +16.1% |
| Other amounts payable | 178/9 | €287,292 | €202,014 | -€85,278 | -29.7% |
| Amounts payable within one year | 42/48 | €456,646 | €552,820 | +€96,174 | +21.1% |
| Current portion of amounts payable after more than one year | 42 | €71,978 | €79,744 | +€7,766 | +10.8% |
| Trade debts | 44 | €3,980 | €7,609 | +€3,629 | +91.2% |
| Suppliers | 440/4 | €3,980 | €7,609 | +€3,629 | +91.2% |
| Taxes, remuneration and social security | 45 | €20,688 | €23,870 | +€3,182 | +15.4% |
| Taxes | 450/3 | €20,688 | €23,870 | +€3,182 | +15.4% |
| Other amounts payable | 47/48 | €360,000 | €441,597 | +€81,597 | +22.7% |
| Remuneration, social security and pensions | 62 | €33,389 | €39,349 | +€5,960 | +17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,716 | €83,344 | +€1,628 | +2.0% |
| Other operating charges | 640/8 | €14,706 | €13,715 | -€991 | -6.7% |
| Gross operating margin | 9900 | €233,873 | €232,606 | -€1,267 | -0.5% |
| Operating profit (loss) | 9901 | €104,062 | €96,198 | -€7,864 | -7.6% |
| Financial income | 75/76B | €168,689 | €14,165 | -€154,524 | -91.6% |
| Recurring financial income | 75 | €166,819 | €14,165 | -€152,654 | -91.5% |
| Non-recurring financial income | 76B | €1,870 | - | -€1,870 | |
| Financial charges | 65/66B | €35,825 | €43,918 | +€8,093 | +22.6% |
| Recurring financial charges | 65 | €35,825 | €43,918 | +€8,093 | +22.6% |
| Profit (loss) for the period before taxes | 9903 | €236,926 | €66,445 | -€170,481 | -72.0% |
| Income taxes | 67/77 | €40,201 | €21,884 | -€18,317 | -45.6% |
| Profit (loss) for the period | 9904 | €196,725 | €44,561 | -€152,164 | -77.3% |
| Transfer from tax-exempt reserves | 789 | - | €54,730 | +€54,730 | |
| Transfer to tax-exempt reserves | 689 | - | €21,050 | +€21,050 | |
| Profit (loss) for the period to be appropriated | 9905 | €196,725 | €78,241 | -€118,484 | -60.2% |
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 11 October 2026 via checked.be.