JS PRODUCTS: 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 PRODUCTS
Largest movements
- Cash +€44,776
up €44,776 (+21.9%), from €204,680 to €249,456
mainly Other debts (+€102,726) and Trade debts (+€66,340)
- Receivables within one year +€41,743
up €41,743 (+195%), from €21,457 to €63,200
of which Trade receivables: +€31,664
- Other debts +€102,726
up €102,726 (+112%), from €91,810 to €194,536
- Trade debts +€66,340
up €66,340 (+104%), from €64,026 to €130,366
- Debts after one year -€45,288
down €45,288 (-10.2%), from €444,406 to €399,118
- Reserves -€40,144
down €40,144 (-16.8%), from €238,860 to €198,716
of which Distributable reserves: -€40,144
- Advances received -€33,705
no longer reported in 2025 (was €33,705)
- Gross operating margin -€43,920
down €43,920 (-13.7%), from €319,822 to €275,903
- Taxes -€10,052
down €10,052 (-23.7%), from €42,501 to €32,449
- Depreciation +€8,958
up €8,958 (+20.4%), from €44,009 to €52,967
- Staff costs -€6,256
down €6,256 (-5.7%), from €109,026 to €102,769
- Financial charges +€4,819
up €4,819 (+27.8%), from €17,328 to €22,147
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 | €1,119,017 | €1,212,274 | +€93,257 | +8.3% |
| Fixed assets | 21/28 | €556,213 | €553,759 | -€2,454 | -0.4% |
| Tangible fixed assets | 22/27 | €556,213 | €553,759 | -€2,454 | -0.4% |
| Land and buildings | 22 | €536,660 | €533,198 | -€3,462 | -0.6% |
| Furniture and vehicles | 24 | €19,553 | €20,561 | +€1,008 | +5.2% |
| Current assets | 29/58 | €562,804 | €658,515 | +€95,711 | +17.0% |
| Stocks and contracts in progress | 3 | €336,557 | €345,749 | +€9,192 | +2.7% |
| Stocks | 30/36 | €336,557 | €345,749 | +€9,192 | +2.7% |
| Amounts receivable within one year | 40/41 | €21,457 | €63,200 | +€41,743 | +195% |
| Trade receivables | 40 | €21,457 | €53,121 | +€31,664 | +148% |
| Other amounts receivable | 41 | - | €10,079 | +€10,079 | |
| Cash at bank and in hand | 54/58 | €204,680 | €249,456 | +€44,776 | +21.9% |
| Deferred charges and accrued income | 490/1 | €110 | €110 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,119,017 | €1,212,274 | +€93,257 | +8.3% |
| Equity | 10/15 | €387,307 | €347,162 | -€40,144 | -10.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €238,860 | €198,716 | -€40,144 | -16.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €237,000 | €196,856 | -€40,144 | -16.9% |
| Profit (loss) carried forward | 14 | €142,247 | €142,247 | = | 0.0% |
| Amounts payable | 17/49 | €731,710 | €865,111 | +€133,401 | +18.2% |
| Amounts payable after more than one year | 17 | €444,406 | €399,118 | -€45,288 | -10.2% |
| Financial debts | 170/4 | €444,406 | €399,118 | -€45,288 | -10.2% |
| Amounts payable within one year | 42/48 | €287,304 | €465,993 | +€178,689 | +62.2% |
| Current portion of amounts payable after more than one year | 42 | €44,228 | €62,508 | +€18,280 | +41.3% |
| Trade debts | 44 | €64,026 | €130,366 | +€66,340 | +104% |
| Suppliers | 440/4 | €64,026 | €130,366 | +€66,340 | +104% |
| Advances received on contracts in progress | 46 | €33,705 | - | -€33,705 | |
| Taxes, remuneration and social security | 45 | €53,535 | €78,584 | +€25,049 | +46.8% |
| Taxes | 450/3 | €44,735 | €66,941 | +€22,206 | +49.6% |
| Remuneration and social security | 454/9 | €8,800 | €11,643 | +€2,842 | +32.3% |
| Other amounts payable | 47/48 | €91,810 | €194,536 | +€102,726 | +112% |
| Remuneration, social security and pensions | 62 | €109,026 | €102,769 | -€6,256 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,009 | €52,967 | +€8,958 | +20.4% |
| Other operating charges | 640/8 | €5,175 | €6,147 | +€972 | +18.8% |
| Gross operating margin | 9900 | €319,822 | €275,903 | -€43,920 | -13.7% |
| Operating profit (loss) | 9901 | €161,612 | €114,019 | -€47,593 | -29.4% |
| Financial income | 75/76B | €136 | €433 | +€297 | +219% |
| Recurring financial income | 75 | €136 | €433 | +€297 | +219% |
| Financial charges | 65/66B | €17,328 | €22,147 | +€4,819 | +27.8% |
| Recurring financial charges | 65 | €17,328 | €22,147 | +€4,819 | +27.8% |
| Profit (loss) for the period before taxes | 9903 | €144,419 | €92,304 | -€52,115 | -36.1% |
| Income taxes | 67/77 | €42,501 | €32,449 | -€10,052 | -23.7% |
| Profit (loss) for the period | 9904 | €101,918 | €59,856 | -€42,063 | -41.3% |
| Profit (loss) for the period to be appropriated | 9905 | €101,918 | €59,856 | -€42,063 | -41.3% |
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 27 October 2026 via checked.be.