JSB: 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.
JSB
Largest movements
- Receivables within one year +€187,081
up €187,081 (+516.5%), from €36,223 to €223,304
of which Other amounts receivable: +€193,465
- Cash -€109,568
down €109,568 (-33.1%), from €331,389 to €221,820
mainly Receivables within one year (-€187,081) and Tax, wage and social debts (-€3,151)
- Tangible fixed assets -€11,617
down €11,617 (-29.3%), from €39,672 to €28,055
of which Furniture and vehicles: -€13,156
- Reserves +€69,988
up €69,988 (+18.3%), from €382,846 to €452,834
- Gross operating margin +€3,187
up €3,187 (+2.1%), from €153,248 to €156,435
- Staff costs +€1,604
up €1,604 (+3.5%), from €45,321 to €46,924
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 | €410,975 | €478,223 | +€67,247 | +16.4% |
| Fixed assets | 21/28 | €39,672 | €28,055 | -€11,617 | -29.3% |
| Tangible fixed assets | 22/27 | €39,672 | €28,055 | -€11,617 | -29.3% |
| Plant, machinery and equipment | 23 | €341 | €1,880 | +€1,539 | +451.3% |
| Furniture and vehicles | 24 | €39,331 | €26,174 | -€13,156 | -33.5% |
| Current assets | 29/58 | €371,304 | €450,168 | +€78,864 | +21.2% |
| Amounts receivable within one year | 40/41 | €36,223 | €223,304 | +€187,081 | +516.5% |
| Trade receivables | 40 | €24,043 | €17,658 | -€6,384 | -26.6% |
| Other amounts receivable | 41 | €12,181 | €205,646 | +€193,465 | +1588.3% |
| Cash at bank and in hand | 54/58 | €331,389 | €221,820 | -€109,568 | -33.1% |
| Deferred charges and accrued income | 490/1 | €3,692 | €5,044 | +€1,352 | +36.6% |
| Total equity and liabilities | 10/49 | €410,975 | €478,223 | +€67,247 | +16.4% |
| Equity | 10/15 | €387,846 | €457,834 | +€69,988 | +18.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €382,846 | €452,834 | +€69,988 | +18.3% |
| Distributable reserves | 133 | €382,846 | €452,834 | +€69,988 | +18.3% |
| Amounts payable | 17/49 | €23,129 | €20,388 | -€2,741 | -11.9% |
| Amounts payable within one year | 42/48 | €22,829 | €20,212 | -€2,617 | -11.5% |
| Trade debts | 44 | €327 | €853 | +€526 | +161.0% |
| Suppliers | 440/4 | €327 | €853 | +€526 | +161.0% |
| Taxes, remuneration and social security | 45 | €22,475 | €19,324 | -€3,151 | -14.0% |
| Taxes | 450/3 | €17,238 | €6,901 | -€10,337 | -60.0% |
| Remuneration and social security | 454/9 | €5,237 | €12,423 | +€7,185 | +137.2% |
| Other amounts payable | 47/48 | €27 | €36 | +€8 | +31.0% |
| Accrued charges and deferred income | 492/3 | €300 | €176 | -€124 | -41.3% |
| Remuneration, social security and pensions | 62 | €45,321 | €46,924 | +€1,604 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,511 | €13,670 | -€841 | -5.8% |
| Other operating charges | 640/8 | €589 | €608 | +€19 | +3.3% |
| Gross operating margin | 9900 | €153,248 | €156,435 | +€3,187 | +2.1% |
| Operating profit (loss) | 9901 | €92,828 | €95,233 | +€2,404 | +2.6% |
| Financial income | 75/76B | €2,819 | €2,972 | +€153 | +5.4% |
| Recurring financial income | 75 | €2,819 | €2,972 | +€153 | +5.4% |
| Financial charges | 65/66B | €188 | €163 | -€25 | -13.0% |
| Recurring financial charges | 65 | €188 | €163 | -€25 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | €95,459 | €98,041 | +€2,582 | +2.7% |
| Income taxes | 67/77 | €27,717 | €28,053 | +€336 | +1.2% |
| Profit (loss) for the period | 9904 | €67,743 | €69,988 | +€2,246 | +3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €67,743 | €69,988 | +€2,246 | +3.3% |
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 5 October 2026 via checked.be.