JS-Projects: 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-Projects
Largest movements
- Receivables within one year -€58,153
down €58,153 (-81.0%), from €71,800 to €13,647
of which Other amounts receivable: -€49,633
- Tangible fixed assets -€8,675
down €8,675 (-26.6%), from €32,555 to €23,880
of which Furniture and vehicles: -€8,114
- Other debts -€41,364
down €41,364 (-27.0%), from €152,963 to €111,599
- Profit (loss) carried forward -€26,008
down €26,008 (-38.8%), from -€67,009 to -€93,017
- Financial charges -€74,928
down €74,928 (-99.9%), from €74,999 to €71
of which Non-recurring financial charges: -€74,999
- Staff costs +€18,855
up €18,855 (+33.8%), from €55,782 to €74,637
- Gross operating margin -€1,567
down €1,567 (-2.6%), from €60,351 to €58,784
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 | €105,343 | €37,999 | -€67,344 | -63.9% |
| Fixed assets | 21/28 | €33,080 | €23,880 | -€9,200 | -27.8% |
| Tangible fixed assets | 22/27 | €32,555 | €23,880 | -€8,675 | -26.6% |
| Plant, machinery and equipment | 23 | €1,753 | €1,192 | -€561 | -32.0% |
| Furniture and vehicles | 24 | €30,802 | €22,688 | -€8,114 | -26.3% |
| Financial fixed assets | 28 | €525 | €0 | -€525 | -100.0% |
| Current assets | 29/58 | €72,263 | €14,119 | -€58,144 | -80.5% |
| Amounts receivable within one year | 40/41 | €71,800 | €13,647 | -€58,153 | -81.0% |
| Trade receivables | 40 | €21,780 | €13,260 | -€8,520 | -39.1% |
| Other amounts receivable | 41 | €50,020 | €387 | -€49,633 | -99.2% |
| Cash at bank and in hand | 54/58 | €462 | €472 | +€9 | +2.0% |
| Total equity and liabilities | 10/49 | €105,343 | €37,999 | -€67,344 | -63.9% |
| Equity | 10/15 | -€60,809 | -€86,817 | -€26,008 | -42.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€67,009 | -€93,017 | -€26,008 | -38.8% |
| Amounts payable | 17/49 | €166,152 | €124,816 | -€41,336 | -24.9% |
| Amounts payable within one year | 42/48 | €166,152 | €124,816 | -€41,336 | -24.9% |
| Trade debts | 44 | €868 | €1,761 | +€893 | +102.9% |
| Suppliers | 440/4 | €868 | €1,761 | +€893 | +102.9% |
| Taxes, remuneration and social security | 45 | €12,321 | €11,456 | -€866 | -7.0% |
| Taxes | 450/3 | €3,578 | €1,930 | -€1,649 | -46.1% |
| Remuneration and social security | 454/9 | €8,743 | €9,526 | +€783 | +9.0% |
| Other amounts payable | 47/48 | €152,963 | €111,599 | -€41,364 | -27.0% |
| Remuneration, social security and pensions | 62 | €55,782 | €74,637 | +€18,855 | +33.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,484 | €8,675 | +€191 | +2.3% |
| Other operating charges | 640/8 | €1,179 | €1,157 | -€23 | -1.9% |
| Gross operating margin | 9900 | €60,351 | €58,784 | -€1,567 | -2.6% |
| Operating profit (loss) | 9901 | -€5,094 | -€25,685 | -€20,590 | -404.2% |
| Financial income | 75/76B | €3 | €3 | -€1 | -17.8% |
| Recurring financial income | 75 | €3 | €3 | -€1 | -17.8% |
| Financial charges | 65/66B | €74,999 | €71 | -€74,928 | -99.9% |
| Recurring financial charges | 65 | €0 | €71 | +€71 | |
| Non-recurring financial charges | 66B | €74,999 | €0 | -€74,999 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€80,090 | -€25,753 | +€54,337 | +67.8% |
| Income taxes | 67/77 | €261 | €255 | -€5 | -2.1% |
| Profit (loss) for the period | 9904 | -€80,351 | -€26,008 | +€54,343 | +67.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€80,351 | -€26,008 | +€54,343 | +67.6% |
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 11 October 2026 via checked.be.