JS DUO-RUN: 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 DUO-RUN
Largest movements
- Tangible fixed assets +€31,990
up €31,990 (+10.5%), from €305,355 to €337,345
of which Leasing and similar rights: +€33,073
- Receivables within one year +€29,886
up €29,886 (+859%), from €3,478 to €33,365
of which Trade receivables: +€24,820
- Cash +€11,590
up €11,590 (+14.2%), from €81,633 to €93,223
mainly Net result for the year (+€63,296) and Other debts (+€56,941)
- Other debts +€56,941
up €56,941 (+198%), from €28,742 to €85,683
- Reserves -€36,704
down €36,704 (-27.0%), from €135,767 to €99,063
- Trade debts +€19,844
up €19,844 (+228%), from €8,721 to €28,564
- Tax, wage and social debts +€19,796
up €19,796 (+148%), from €13,355 to €33,151
of which Taxes: +€18,694
- Debts after one year +€6,187
up €6,187 (+3.4%), from €183,266 to €189,453
- Gross operating margin +€86,273
up €86,273 (+148%), from €58,295 to €144,568
- Taxes +€16,152
up €16,152 (+622%), from €2,596 to €18,747
- Other operating charges +€7,543
up €7,543 (+385%), from €1,960 to €9,503
- Depreciation +€4,109
up €4,109 (+11.8%), from €34,970 to €39,079
- Financial charges +€2,110
up €2,110 (+17.8%), from €11,833 to €13,943
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 | €397,074 | €471,535 | +€74,460 | +18.8% |
| Fixed assets | 21/28 | €305,355 | €337,345 | +€31,990 | +10.5% |
| Tangible fixed assets | 22/27 | €305,355 | €337,345 | +€31,990 | +10.5% |
| Land and buildings | 22 | €258,192 | €243,986 | -€14,206 | -5.5% |
| Plant, machinery and equipment | 23 | €8,509 | €7,851 | -€658 | -7.7% |
| Furniture and vehicles | 24 | €32,924 | €45,696 | +€12,773 | +38.8% |
| Leasing and similar rights | 25 | - | €33,073 | +€33,073 | |
| Other tangible fixed assets | 26 | €5,731 | €6,738 | +€1,007 | +17.6% |
| Current assets | 29/58 | €91,719 | €134,190 | +€42,471 | +46.3% |
| Amounts receivable within one year | 40/41 | €3,478 | €33,365 | +€29,886 | +859% |
| Trade receivables | 40 | €3,475 | €28,295 | +€24,820 | +714% |
| Other amounts receivable | 41 | €3 | €5,070 | +€5,067 | +164,510% |
| Cash at bank and in hand | 54/58 | €81,633 | €93,223 | +€11,590 | +14.2% |
| Deferred charges and accrued income | 490/1 | €6,607 | €7,602 | +€994 | +15.1% |
| Total equity and liabilities | 10/49 | €397,074 | €471,535 | +€74,460 | +18.8% |
| Equity | 10/15 | €137,767 | €101,063 | -€36,704 | -26.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €135,767 | €99,063 | -€36,704 | -27.0% |
| Distributable reserves | 133 | €135,767 | €99,063 | -€36,704 | -27.0% |
| Amounts payable | 17/49 | €259,307 | €370,472 | +€111,165 | +42.9% |
| Amounts payable after more than one year | 17 | €183,266 | €189,453 | +€6,187 | +3.4% |
| Financial debts | 170/4 | €183,266 | €189,453 | +€6,187 | +3.4% |
| Amounts payable within one year | 42/48 | €73,644 | €174,304 | +€100,660 | +137% |
| Current portion of amounts payable after more than one year | 42 | €22,826 | €26,906 | +€4,080 | +17.9% |
| Trade debts | 44 | €8,721 | €28,564 | +€19,844 | +228% |
| Suppliers | 440/4 | €8,721 | €28,564 | +€19,844 | +228% |
| Taxes, remuneration and social security | 45 | €13,355 | €33,151 | +€19,796 | +148% |
| Taxes | 450/3 | €9,455 | €28,150 | +€18,694 | +198% |
| Remuneration and social security | 454/9 | €3,900 | €5,001 | +€1,101 | +28.2% |
| Other amounts payable | 47/48 | €28,742 | €85,683 | +€56,941 | +198% |
| Accrued charges and deferred income | 492/3 | €2,398 | €6,715 | +€4,317 | +180% |
| Non-recurring operating income | 76A | - | €43,526 | +€43,526 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,970 | €39,079 | +€4,109 | +11.8% |
| Other operating charges | 640/8 | €1,960 | €9,503 | +€7,543 | +385% |
| Gross operating margin | 9900 | €58,295 | €144,568 | +€86,273 | +148% |
| Operating profit (loss) | 9901 | €21,365 | €95,986 | +€74,621 | +349% |
| Financial income | 75/76B | €3 | €0 | -€3 | -99.7% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -99.7% |
| Financial charges | 65/66B | €11,833 | €13,943 | +€2,110 | +17.8% |
| Recurring financial charges | 65 | €11,833 | €13,943 | +€2,110 | +17.8% |
| Profit (loss) for the period before taxes | 9903 | €9,535 | €82,043 | +€72,508 | +760% |
| Income taxes | 67/77 | €2,596 | €18,747 | +€16,152 | +622% |
| Profit (loss) for the period | 9904 | €6,940 | €63,296 | +€56,356 | +812% |
| Profit (loss) for the period to be appropriated | 9905 | €6,940 | €63,296 | +€56,356 | +812% |
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 22 October 2026 via checked.be.