JSB: 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.
JSB
Largest movements
- Cash -€37,620
down €37,620 (-61.4%), from €61,233 to €23,613
mainly Receivables within one year (-€20,785) and Other debts (-€10,084)
- Receivables within one year +€20,785
up €20,785 (+236%), from €8,821 to €29,606
of which Trade receivables: +€20,677
- Tangible fixed assets -€9,712
down €9,712 (-21.1%), from €45,923 to €36,211
of which Furniture and vehicles: -€7,203
- Other debts -€10,084
down €10,084 (-56.8%), from €17,766 to €7,682
- Profit (loss) carried forward -€8,468
down €8,468, from €3,641 to -€4,827
- Debts after one year -€6,495
down €6,495 (-31.2%), from €20,806 to €14,311
- Tax, wage and social debts -€1,285
down €1,285 (-34.3%), from €3,750 to €2,465
of which Taxes: -€3,000
- Gross operating margin -€26,272
down €26,272 (-83.9%), from €31,303 to €5,032
- Taxes -€3,202
down €3,202 (-96.0%), from €3,334 to €132
- Depreciation +€1,320
up €1,320 (+13.6%), from €9,707 to €11,027
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 | €122,128 | €95,185 | -€26,943 | -22.1% |
| Fixed assets | 21/28 | €47,123 | €37,411 | -€9,712 | -20.6% |
| Tangible fixed assets | 22/27 | €45,923 | €36,211 | -€9,712 | -21.1% |
| Land and buildings | 22 | €5,168 | €4,363 | -€805 | -15.6% |
| Plant, machinery and equipment | 23 | €2,761 | €1,625 | -€1,136 | -41.1% |
| Furniture and vehicles | 24 | €33,154 | €25,951 | -€7,203 | -21.7% |
| Other tangible fixed assets | 26 | €4,840 | €4,272 | -€568 | -11.7% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €75,005 | €57,774 | -€17,231 | -23.0% |
| Stocks and contracts in progress | 3 | €3,000 | €3,000 | = | 0.0% |
| Stocks | 30/36 | €3,000 | €3,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €8,821 | €29,606 | +€20,785 | +236% |
| Trade receivables | 40 | €6,079 | €26,756 | +€20,677 | +340% |
| Other amounts receivable | 41 | €2,741 | €2,850 | +€108 | +4.0% |
| Cash at bank and in hand | 54/58 | €61,233 | €23,613 | -€37,620 | -61.4% |
| Deferred charges and accrued income | 490/1 | €1,952 | €1,555 | -€396 | -20.3% |
| Total equity and liabilities | 10/49 | €122,128 | €95,185 | -€26,943 | -22.1% |
| Equity | 10/15 | €72,191 | €63,723 | -€8,468 | -11.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,641 | -€4,827 | -€8,468 | |
| Amounts payable | 17/49 | €49,937 | €31,462 | -€18,475 | -37.0% |
| Amounts payable after more than one year | 17 | €20,806 | €14,311 | -€6,495 | -31.2% |
| Financial debts | 170/4 | €20,806 | €14,311 | -€6,495 | -31.2% |
| Amounts payable within one year | 42/48 | €29,131 | €17,151 | -€11,980 | -41.1% |
| Current portion of amounts payable after more than one year | 42 | €6,988 | €6,495 | -€493 | -7.1% |
| Trade debts | 44 | €628 | €510 | -€118 | -18.8% |
| Suppliers | 440/4 | €628 | €510 | -€118 | -18.8% |
| Taxes, remuneration and social security | 45 | €3,750 | €2,465 | -€1,285 | -34.3% |
| Taxes | 450/3 | €3,750 | €750 | -€3,000 | -80.0% |
| Remuneration and social security | 454/9 | - | €1,715 | +€1,715 | |
| Other amounts payable | 47/48 | €17,766 | €7,682 | -€10,084 | -56.8% |
| Non-recurring operating income | 76A | €10,506 | €0 | -€10,506 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,707 | €11,027 | +€1,320 | +13.6% |
| Other operating charges | 640/8 | €1,434 | €1,175 | -€259 | -18.0% |
| Gross operating margin | 9900 | €31,303 | €5,032 | -€26,272 | -83.9% |
| Operating profit (loss) | 9901 | €20,162 | -€7,171 | -€27,333 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €1,204 | €1,165 | -€39 | -3.2% |
| Recurring financial charges | 65 | €1,204 | €1,165 | -€39 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €18,959 | -€8,336 | -€27,295 | |
| Income taxes | 67/77 | €3,334 | €132 | -€3,202 | -96.0% |
| Profit (loss) for the period | 9904 | €15,624 | -€8,468 | -€24,092 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,624 | -€8,468 | -€24,092 |
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 17 October 2026 via checked.be.