JS MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash +€50,192
up €50,192 (+491.3%), from €10,215 to €60,407
mainly Receivables within one year (+€25,045) and Net result for the year (+€19,650)
- Receivables within one year -€25,045
down €25,045 (-93.7%), from €26,730 to €1,685
of which Other amounts receivable: -€14,830
- Profit (loss) carried forward +€19,650
up €19,650 (+47.9%), from €40,999 to €60,649
- Debts after one year -€12,271
down €12,271 (-5.6%), from €219,236 to €206,964
- Tax, wage and social debts +€10,089
up €10,089 (+481.4%), from €2,096 to €12,184
- Other debts +€8,204
up €8,204 (+18.5%), from €44,427 to €52,631
- Gross operating margin +€31,925
up €31,925 (+226.3%), from €14,106 to €46,031
- Taxes +€7,657
up €7,657 (+365.4%), from €2,096 to €9,753
- Financial charges -€516
down €516 (-9.5%), from €5,435 to €4,919
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 | €322,518 | €347,034 | +€24,516 | +7.6% |
| Fixed assets | 21/28 | €283,631 | €284,941 | +€1,310 | +0.5% |
| Tangible fixed assets | 22/27 | €283,631 | €284,941 | +€1,310 | +0.5% |
| Land and buildings | 22 | €282,299 | €284,663 | +€2,364 | +0.8% |
| Furniture and vehicles | 24 | €1,332 | €278 | -€1,053 | -79.1% |
| Current assets | 29/58 | €38,887 | €62,093 | +€23,206 | +59.7% |
| Amounts receivable within one year | 40/41 | €26,730 | €1,685 | -€25,045 | -93.7% |
| Trade receivables | 40 | €11,900 | €1,685 | -€10,215 | -85.8% |
| Other amounts receivable | 41 | €14,830 | - | -€14,830 | |
| Cash at bank and in hand | 54/58 | €10,215 | €60,407 | +€50,192 | +491.3% |
| Deferred charges and accrued income | 490/1 | €1,941 | - | -€1,941 | |
| Total equity and liabilities | 10/49 | €322,518 | €347,034 | +€24,516 | +7.6% |
| Equity | 10/15 | €41,999 | €61,649 | +€19,650 | +46.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,999 | €60,649 | +€19,650 | +47.9% |
| Amounts payable | 17/49 | €280,519 | €285,386 | +€4,866 | +1.7% |
| Amounts payable after more than one year | 17 | €219,236 | €206,964 | -€12,271 | -5.6% |
| Financial debts | 170/4 | €219,236 | €206,964 | -€12,271 | -5.6% |
| Amounts payable within one year | 42/48 | €60,945 | €78,100 | +€17,155 | +28.1% |
| Current portion of amounts payable after more than one year | 42 | €13,054 | €13,284 | +€230 | +1.8% |
| Trade debts | 44 | €1,368 | - | -€1,368 | |
| Suppliers | 440/4 | €1,368 | - | -€1,368 | |
| Taxes, remuneration and social security | 45 | €2,096 | €12,184 | +€10,089 | +481.4% |
| Taxes | 450/3 | €2,096 | €12,184 | +€10,089 | +481.4% |
| Other amounts payable | 47/48 | €44,427 | €52,631 | +€8,204 | +18.5% |
| Accrued charges and deferred income | 492/3 | €339 | €321 | -€18 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,527 | €9,607 | +€80 | +0.8% |
| Other operating charges | 640/8 | €2,457 | €2,101 | -€356 | -14.5% |
| Gross operating margin | 9900 | €14,106 | €46,031 | +€31,925 | +226.3% |
| Operating profit (loss) | 9901 | €2,122 | €34,322 | +€32,201 | +1517.6% |
| Financial charges | 65/66B | €5,435 | €4,919 | -€516 | -9.5% |
| Recurring financial charges | 65 | €5,435 | €4,919 | -€516 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,313 | €29,403 | +€32,716 | |
| Income taxes | 67/77 | €2,096 | €9,753 | +€7,657 | +365.4% |
| Profit (loss) for the period | 9904 | -€5,409 | €19,650 | +€25,059 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,409 | €19,650 | +€25,059 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.