JS Projects: 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 Projects
Largest movements
- Receivables within one year +€56,445
up €56,445 (+17778.0%), from €318 to €56,763
of which Other amounts receivable: +€39,586
- Tangible fixed assets -€25,872
down €25,872 (-7.0%), from €370,854 to €344,982
of which Land and buildings: -€15,600
- Cash -€14,207
down €14,207 (-11.9%), from €119,628 to €105,421
mainly Contributions, distributions and other (-€198,460) and Receivables within one year (-€56,445)
- Other debts +€168,593
up €168,593 (+564.5%), from €29,867 to €198,460
- Reserves -€129,918
down €129,918 (-100.0%), from €129,918 to €0
- Debts after one year -€23,669
down €23,669 (-8.5%), from €279,364 to €255,694
- Gross operating margin -€31,676
down €31,676 (-12.5%), from €252,545 to €220,869
- Staff costs -€16,978
down €16,978 (-18.2%), from €93,286 to €76,307
- Taxes +€6,760
up €6,760 (+34.5%), from €19,598 to €26,358
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 | €512,246 | €524,492 | +€12,245 | +2.4% |
| Fixed assets | 21/28 | €379,412 | €350,111 | -€29,301 | -7.7% |
| Intangible fixed assets | 21 | €8,557 | €5,129 | -€3,429 | -40.1% |
| Tangible fixed assets | 22/27 | €370,854 | €344,982 | -€25,872 | -7.0% |
| Land and buildings | 22 | €332,172 | €316,571 | -€15,600 | -4.7% |
| Plant, machinery and equipment | 23 | €22,001 | €16,735 | -€5,267 | -23.9% |
| Furniture and vehicles | 24 | €16,681 | €11,676 | -€5,005 | -30.0% |
| Current assets | 29/58 | €132,835 | €174,381 | +€41,546 | +31.3% |
| Stocks and contracts in progress | 3 | €7,110 | €5,181 | -€1,929 | -27.1% |
| Stocks | 30/36 | €7,110 | €5,181 | -€1,929 | -27.1% |
| Amounts receivable within one year | 40/41 | €318 | €56,763 | +€56,445 | +17778.0% |
| Trade receivables | 40 | €318 | €17,177 | +€16,860 | +5310.1% |
| Other amounts receivable | 41 | €0 | €39,586 | +€39,586 | |
| Cash at bank and in hand | 54/58 | €119,628 | €105,421 | -€14,207 | -11.9% |
| Deferred charges and accrued income | 490/1 | €5,779 | €7,016 | +€1,237 | +21.4% |
| Total equity and liabilities | 10/49 | €512,246 | €524,492 | +€12,245 | +2.4% |
| Equity | 10/15 | €135,918 | €6,000 | -€129,918 | -95.6% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €129,918 | €0 | -€129,918 | -100.0% |
| Distributable reserves | 133 | €129,918 | €0 | -€129,918 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €376,328 | €518,492 | +€142,164 | +37.8% |
| Amounts payable after more than one year | 17 | €279,364 | €255,694 | -€23,669 | -8.5% |
| Financial debts | 170/4 | €279,364 | €255,694 | -€23,669 | -8.5% |
| Amounts payable within one year | 42/48 | €96,401 | €262,783 | +€166,381 | +172.6% |
| Current portion of amounts payable after more than one year | 42 | €24,905 | €23,669 | -€1,235 | -5.0% |
| Trade debts | 44 | €32,271 | €30,924 | -€1,347 | -4.2% |
| Suppliers | 440/4 | €32,271 | €30,924 | -€1,347 | -4.2% |
| Taxes, remuneration and social security | 45 | €9,359 | €9,730 | +€371 | +4.0% |
| Taxes | 450/3 | €1,781 | €2,122 | +€341 | +19.2% |
| Remuneration and social security | 454/9 | €7,578 | €7,607 | +€29 | +0.4% |
| Other amounts payable | 47/48 | €29,867 | €198,460 | +€168,593 | +564.5% |
| Accrued charges and deferred income | 492/3 | €563 | €15 | -€548 | -97.4% |
| Remuneration, social security and pensions | 62 | €93,286 | €76,307 | -€16,978 | -18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,534 | €44,146 | +€1,612 | +3.8% |
| Other operating charges | 640/8 | €2,065 | €2,136 | +€71 | +3.4% |
| Gross operating margin | 9900 | €252,545 | €220,869 | -€31,676 | -12.5% |
| Operating profit (loss) | 9901 | €114,660 | €98,280 | -€16,380 | -14.3% |
| Financial income | 75/76B | €2,264 | €1,788 | -€476 | -21.0% |
| Recurring financial income | 75 | €2,264 | €1,788 | -€476 | -21.0% |
| Financial charges | 65/66B | €5,966 | €5,169 | -€797 | -13.4% |
| Recurring financial charges | 65 | €5,966 | €5,169 | -€797 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €110,958 | €94,899 | -€16,059 | -14.5% |
| Income taxes | 67/77 | €19,598 | €26,358 | +€6,760 | +34.5% |
| Profit (loss) for the period | 9904 | €91,360 | €68,541 | -€22,819 | -25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €91,360 | €68,541 | -€22,819 | -25.0% |
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 6 October 2026 via checked.be.