JS INVEST: what changed
What changed
JS INVEST
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€17,413
2024 · €33,319-€15,907
Equity
€711,995
2024 · €694,582+€17,413
Cash
€5,202
2024 · €3,323+€1,878
Balance sheet total
€2.4m
2024 · €2.5m-€166,900
Largest movements
Assets
- Financial fixed assets -€350,000
down €350,000 (-34.9%), from €1.0m to €651,940
- Intangible fixed assets +€339,297
new in 2025: €339,297
- Receivables within one year -€117,299
down €117,299 (-45.5%), from €257,805 to €140,506
of which Trade receivables: -€115,496
- Tangible fixed assets -€40,845
down €40,845 (-3.3%), from €1.3m to €1.2m
Equity and liabilities
- Debts after one year -€222,480
down €222,480 (-16.2%), from €1.4m to €1.1m
of which Other amounts payable: -€172,528
- Reserves +€199,712
up €199,712 (+39.7%), from €503,288 to €703,000
- Profit (loss) carried forward -€182,299
down €182,299 (-99.5%), from €183,234 to €935
Income statement
- Depreciation +€19,514
up €19,514 (+35.3%), from €55,264 to €74,778
- Gross operating margin +€7,746
up €7,746 (+5.6%), from €139,490 to €147,236
- Other operating charges +€4,314
up €4,314 (+175%), from €2,471 to €6,785
- Taxes -€3,030
down €3,030 (-28.6%), from €10,606 to €7,576
- Financial charges +€2,971
up €2,971 (+6.9%), from €42,914 to €45,885
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€33,319
Gross operating margin
+€7,746
Depreciation
-€19,514
Provisions
+€115
Other operating charges
-€4,314
Financial charges
-€2,971
Taxes
+€3,030
Result 2025
€17,413
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€248,918
Investment
-€23,230
Financing
-€223,809
Cash 2024
€3,323
From operations (derived)
+€248,918
Net result for the year
+€17,413
Depreciation
+€74,778
Receivables within one year
+€117,299
Deferred charges and accrued income
-€69
Provisions
-€5,200
Trade debts
+€24,902
Tax, wage and social debts
+€18,695
Accrued charges and deferred income
+€1,100
Investment (derived)
-€23,230
Investment in fixed assets (net)
-€23,230
Financing
-€223,809
Debts after one year
-€222,480
Current portion of long-term debt
-€1,329
Cash 2025
€5,202
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,518,053 | €2,351,152 | -€166,900 | -6.6% |
| Fixed assets | 21/28 | €2,255,378 | €2,203,830 | -€51,548 | -2.3% |
| Intangible fixed assets | 21 | - | €339,297 | +€339,297 | |
| Tangible fixed assets | 22/27 | €1,253,438 | €1,212,593 | -€40,845 | -3.3% |
| Leasing and similar rights | 25 | €1,253,438 | €1,212,593 | -€40,845 | -3.3% |
| Financial fixed assets | 28 | €1,001,940 | €651,940 | -€350,000 | -34.9% |
| Current assets | 29/58 | €262,674 | €147,322 | -€115,352 | -43.9% |
| Amounts receivable within one year | 40/41 | €257,805 | €140,506 | -€117,299 | -45.5% |
| Trade receivables | 40 | €256,002 | €140,506 | -€115,496 | -45.1% |
| Other amounts receivable | 41 | €1,803 | - | -€1,803 | |
| Cash at bank and in hand | 54/58 | €3,323 | €5,202 | +€1,878 | +56.5% |
| Deferred charges and accrued income | 490/1 | €1,546 | €1,614 | +€69 | +4.5% |
| Total equity and liabilities | 10/49 | €2,518,053 | €2,351,152 | -€166,900 | -6.6% |
| Equity | 10/15 | €694,582 | €711,995 | +€17,413 | +2.5% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €503,288 | €703,000 | +€199,712 | +39.7% |
| Distributable reserves | 133 | €503,288 | €703,000 | +€199,712 | +39.7% |
| Profit (loss) carried forward | 14 | €183,234 | €935 | -€182,299 | -99.5% |
| Provisions and deferred taxes | 16 | €375,551 | €370,351 | -€5,200 | -1.4% |
| Provisions for liabilities and charges | 160/5 | €375,551 | €370,351 | -€5,200 | -1.4% |
| Environmental obligations | 163 | €375,551 | €370,351 | -€5,200 | -1.4% |
| Amounts payable | 17/49 | €1,447,920 | €1,268,807 | -€179,113 | -12.4% |
| Amounts payable after more than one year | 17 | €1,371,952 | €1,149,472 | -€222,480 | -16.2% |
| Financial debts | 170/4 | €579,193 | €529,241 | -€49,952 | -8.6% |
| Other amounts payable | 178/9 | €792,759 | €620,231 | -€172,528 | -21.8% |
| Amounts payable within one year | 42/48 | €75,059 | €117,326 | +€42,267 | +56.3% |
| Current portion of amounts payable after more than one year | 42 | €51,281 | €49,952 | -€1,329 | -2.6% |
| Trade debts | 44 | €6,760 | €31,662 | +€24,902 | +368% |
| Suppliers | 440/4 | €6,760 | €31,662 | +€24,902 | +368% |
| Taxes, remuneration and social security | 45 | €17,017 | €35,712 | +€18,695 | +110% |
| Taxes | 450/3 | €17,017 | €35,712 | +€18,695 | +110% |
| Accrued charges and deferred income | 492/3 | €908 | €2,008 | +€1,100 | +121% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,264 | €74,778 | +€19,514 | +35.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€5,085 | -€5,200 | -€115 | -2.3% |
| Other operating charges | 640/8 | €2,471 | €6,785 | +€4,314 | +175% |
| Gross operating margin | 9900 | €139,490 | €147,236 | +€7,746 | +5.6% |
| Operating profit (loss) | 9901 | €86,840 | €70,873 | -€15,966 | -18.4% |
| Financial charges | 65/66B | €42,914 | €45,885 | +€2,971 | +6.9% |
| Recurring financial charges | 65 | €42,914 | €45,885 | +€2,971 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | €43,925 | €24,988 | -€18,937 | -43.1% |
| Income taxes | 67/77 | €10,606 | €7,576 | -€3,030 | -28.6% |
| Profit (loss) for the period | 9904 | €33,319 | €17,413 | -€15,907 | -47.7% |
| Profit (loss) for the period to be appropriated | 9905 | €33,319 | €17,413 | -€15,907 | -47.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.