JS NATIONAL: 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 NATIONAL
Largest movements
- Receivables within one year +€23,436
up €23,436 (+195%), from €12,044 to €35,480
of which Other amounts receivable: +€16,407
- Stocks and contracts +€12,124
up €12,124 (+15.8%), from €76,695 to €88,819
- Cash -€3,181
down €3,181 (-34.1%), from €9,316 to €6,136
mainly Receivables within one year (-€23,436) and Stocks and contracts (-€12,124)
- Trade debts +€21,969
up €21,969 (+145%), from €15,115 to €37,084
- Profit (loss) carried forward +€4,624
up €4,624 (+7.5%), from €61,508 to €66,131
- Tax, wage and social debts +€3,526
up €3,526 (+23.0%), from €15,344 to €18,870
of which Remuneration and social security: +€5,361
- Accrued charges and deferred income +€1,665
new in 2025: €1,665
- Staff costs +€15,127
up €15,127 (+76.5%), from €19,783 to €34,910
- Gross operating margin +€13,040
up €13,040 (+39.5%), from €33,044 to €46,084
- Taxes -€3,911
down €3,911 (-76.1%), from €5,141 to €1,230
- Other operating charges -€999
down €999 (-59.8%), from €1,669 to €670
- Financial charges -€595
down €595 (-14.4%), from €4,124 to €3,528
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 | €104,391 | €136,175 | +€31,784 | +30.4% |
| Fixed assets | 21/28 | €5,624 | €5,736 | +€112 | +2.0% |
| Tangible fixed assets | 22/27 | €2,619 | €2,731 | +€112 | +4.3% |
| Plant, machinery and equipment | 23 | €2,094 | €2,731 | +€637 | +30.4% |
| Furniture and vehicles | 24 | €525 | - | -€525 | |
| Financial fixed assets | 28 | €3,005 | €3,005 | = | 0.0% |
| Current assets | 29/58 | €98,767 | €130,439 | +€31,672 | +32.1% |
| Stocks and contracts in progress | 3 | €76,695 | €88,819 | +€12,124 | +15.8% |
| Stocks | 30/36 | €76,695 | €88,819 | +€12,124 | +15.8% |
| Amounts receivable within one year | 40/41 | €12,044 | €35,480 | +€23,436 | +195% |
| Trade receivables | 40 | €12,044 | €19,073 | +€7,029 | +58.4% |
| Other amounts receivable | 41 | €0 | €16,407 | +€16,407 | |
| Cash at bank and in hand | 54/58 | €9,316 | €6,136 | -€3,181 | -34.1% |
| Deferred charges and accrued income | 490/1 | €712 | €4 | -€708 | -99.5% |
| Total equity and liabilities | 10/49 | €104,391 | €136,175 | +€31,784 | +30.4% |
| Equity | 10/15 | €73,932 | €78,556 | +€4,624 | +6.3% |
| Contributions | 10/11 | €10,550 | €10,550 | = | 0.0% |
| Reserves | 13 | €1,874 | €1,874 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,600 | €1,600 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,600 | €1,600 | = | 0.0% |
| Distributable reserves | 133 | €274 | €274 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,508 | €66,131 | +€4,624 | +7.5% |
| Amounts payable | 17/49 | €30,459 | €57,619 | +€27,160 | +89.2% |
| Amounts payable within one year | 42/48 | €30,459 | €55,954 | +€25,495 | +83.7% |
| Trade debts | 44 | €15,115 | €37,084 | +€21,969 | +145% |
| Suppliers | 440/4 | €15,115 | €37,084 | +€21,969 | +145% |
| Taxes, remuneration and social security | 45 | €15,344 | €18,870 | +€3,526 | +23.0% |
| Taxes | 450/3 | €8,035 | €6,200 | -€1,835 | -22.8% |
| Remuneration and social security | 454/9 | €7,310 | €12,671 | +€5,361 | +73.3% |
| Accrued charges and deferred income | 492/3 | - | €1,665 | +€1,665 | |
| Remuneration, social security and pensions | 62 | €19,783 | €34,910 | +€15,127 | +76.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,579 | €1,122 | -€457 | -29.0% |
| Other operating charges | 640/8 | €1,669 | €670 | -€999 | -59.8% |
| Gross operating margin | 9900 | €33,044 | €46,084 | +€13,040 | +39.5% |
| Operating profit (loss) | 9901 | €10,013 | €9,382 | -€631 | -6.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €4,124 | €3,528 | -€595 | -14.4% |
| Recurring financial charges | 65 | €4,124 | €3,528 | -€595 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €5,890 | €5,853 | -€36 | -0.6% |
| Income taxes | 67/77 | €5,141 | €1,230 | -€3,911 | -76.1% |
| Profit (loss) for the period | 9904 | €749 | €4,624 | +€3,875 | +517% |
| Profit (loss) for the period to be appropriated | 9905 | €749 | €4,624 | +€3,875 | +517% |
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 31 October 2026 via checked.be.