JS Group: 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 Group
Largest movements
- Receivables within one year +€227,755
up €227,755 (+63.7%), from €357,464 to €585,219
of which Trade receivables: +€227,755
- Tangible fixed assets -€33,274
down €33,274 (-4.1%), from €802,290 to €769,016
of which Land and buildings: -€35,264
- Stocks and contracts +€28,933
up €28,933 (+43.1%), from €67,067 to €96,000
- Cash -€23,726
down €23,726 (-16.4%), from €144,362 to €120,636
mainly Receivables within one year (-€227,755) and Debts after one year (-€88,909)
- Advances received +€275,343
up €275,343 (+66.1%), from €416,646 to €691,989
- Debts after one year -€88,909
down €88,909 (-18.3%), from €485,825 to €396,915
- Profit (loss) carried forward +€39,571
up €39,571 (+72.4%), from -€54,674 to -€15,103
- Tax, wage and social debts -€28,853
down €28,853 (-79.5%), from €36,300 to €7,448
- Gross operating margin +€88,593
up €88,593 (+1902.5%), from €4,657 to €93,250
- Financial charges -€4,913
down €4,913 (-34.4%), from €14,269 to €9,356
- Depreciation -€1,800
down €1,800 (-4.4%), from €40,491 to €38,691
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,371,276 | €1,571,010 | +€199,734 | +14.6% |
| Fixed assets | 21/28 | €802,290 | €769,016 | -€33,274 | -4.1% |
| Tangible fixed assets | 22/27 | €802,290 | €769,016 | -€33,274 | -4.1% |
| Land and buildings | 22 | €798,921 | €763,657 | -€35,264 | -4.4% |
| Plant, machinery and equipment | 23 | €1,052 | €1,465 | +€413 | +39.2% |
| Furniture and vehicles | 24 | €2,316 | €3,893 | +€1,577 | +68.1% |
| Current assets | 29/58 | €568,986 | €801,994 | +€233,008 | +41.0% |
| Stocks and contracts in progress | 3 | €67,067 | €96,000 | +€28,933 | +43.1% |
| Stocks | 30/36 | €67,067 | €96,000 | +€28,933 | +43.1% |
| Amounts receivable within one year | 40/41 | €357,464 | €585,219 | +€227,755 | +63.7% |
| Trade receivables | 40 | €357,464 | €585,219 | +€227,755 | +63.7% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €144,362 | €120,636 | -€23,726 | -16.4% |
| Deferred charges and accrued income | 490/1 | €94 | €140 | +€46 | +48.4% |
| Total equity and liabilities | 10/49 | €1,371,276 | €1,571,010 | +€199,734 | +14.6% |
| Equity | 10/15 | €310,887 | €350,458 | +€39,571 | +12.7% |
| Contributions | 10/11 | €48,000 | €48,000 | = | 0.0% |
| Revaluation surpluses | 12 | €273,683 | €260,510 | -€13,173 | -4.8% |
| Reserves | 13 | €43,877 | €57,050 | +€13,173 | +30.0% |
| Non-distributable reserves | 130/1 | €1,080 | €1,080 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,080 | €1,080 | = | 0.0% |
| Distributable reserves | 133 | €42,797 | €55,970 | +€13,173 | +30.8% |
| Profit (loss) carried forward | 14 | -€54,674 | -€15,103 | +€39,571 | +72.4% |
| Amounts payable | 17/49 | €1,060,390 | €1,220,552 | +€160,163 | +15.1% |
| Amounts payable after more than one year | 17 | €485,825 | €396,915 | -€88,909 | -18.3% |
| Financial debts | 170/4 | €485,825 | €396,915 | -€88,909 | -18.3% |
| Amounts payable within one year | 42/48 | €574,565 | €823,637 | +€249,072 | +43.3% |
| Current portion of amounts payable after more than one year | 42 | €83,805 | €87,555 | +€3,750 | +4.5% |
| Trade debts | 44 | €3,317 | €1,335 | -€1,981 | -59.7% |
| Suppliers | 440/4 | €3,317 | €1,335 | -€1,981 | -59.7% |
| Advances received on contracts in progress | 46 | €416,646 | €691,989 | +€275,343 | +66.1% |
| Taxes, remuneration and social security | 45 | €36,300 | €7,448 | -€28,853 | -79.5% |
| Taxes | 450/3 | €36,300 | €7,448 | -€28,853 | -79.5% |
| Other amounts payable | 47/48 | €34,496 | €35,310 | +€814 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,491 | €38,691 | -€1,800 | -4.4% |
| Other operating charges | 640/8 | €5,088 | €5,633 | +€545 | +10.7% |
| Gross operating margin | 9900 | €4,657 | €93,250 | +€88,593 | +1902.5% |
| Operating profit (loss) | 9901 | -€40,923 | €48,926 | +€89,848 | |
| Financial income | 75/76B | €518 | €1 | -€517 | -99.8% |
| Recurring financial income | 75 | €518 | €1 | -€517 | -99.8% |
| Financial charges | 65/66B | €14,269 | €9,356 | -€4,913 | -34.4% |
| Recurring financial charges | 65 | €14,269 | €9,356 | -€4,913 | -34.4% |
| Profit (loss) for the period before taxes | 9903 | -€54,674 | €39,571 | +€94,245 | |
| Profit (loss) for the period | 9904 | -€54,674 | €39,571 | +€94,245 | |
| Profit (loss) for the period to be appropriated | 9905 | -€54,674 | €39,571 | +€94,245 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.