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 +€157,000
up €157,000 (+45.4%), from €345,822 to €502,822
- Cash -€46,127
down €46,127 (-32.1%), from €143,761 to €97,634
mainly Receivables within one year (-€157,000) and Other debts (-€62,100)
- Reserves +€170,017
up €170,017 (+14.6%), from €1.2m to €1.3m
of which Distributable reserves: +€170,017
- Other debts -€62,100
down €62,100 (-62.5%), from €99,324 to €37,225
- Financial income -€58,000
down €58,000 (-19.0%), from €305,000 to €247,000
- Taxes -€5,302
down €5,302 (-19.3%), from €27,451 to €22,149
- Gross operating margin -€151
down €151 (-10.0%), from -€1,519 to -€1,670
- Financial charges +€142
up €142 (+29.2%), from €488 to €630
- Other operating charges +€31
up €31 (+3.0%), from €1,030 to €1,060
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 | €1,414,584 | €1,525,456 | +€110,873 | +7.8% |
| Fixed assets | 21/28 | €925,000 | €925,000 | = | 0.0% |
| Financial fixed assets | 28 | €925,000 | €925,000 | = | 0.0% |
| Current assets | 29/58 | €489,584 | €600,456 | +€110,873 | +22.6% |
| Amounts receivable within one year | 40/41 | €345,822 | €502,822 | +€157,000 | +45.4% |
| Other amounts receivable | 41 | €345,822 | €502,822 | +€157,000 | +45.4% |
| Cash at bank and in hand | 54/58 | €143,761 | €97,634 | -€46,127 | -32.1% |
| Total equity and liabilities | 10/49 | €1,414,584 | €1,525,456 | +€110,873 | +7.8% |
| Equity | 10/15 | €1,268,368 | €1,438,384 | +€170,017 | +13.4% |
| Contributions | 10/11 | €100,002 | €100,002 | = | 0.0% |
| Capital | 10 | €100,002 | €100,002 | = | 0.0% |
| Issued capital | 100 | €100,002 | €100,002 | = | 0.0% |
| Reserves | 13 | €1,168,366 | €1,338,382 | +€170,017 | +14.6% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €1,158,365 | €1,328,382 | +€170,017 | +14.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €146,216 | €87,072 | -€59,144 | -40.4% |
| Amounts payable within one year | 42/48 | €146,216 | €87,072 | -€59,144 | -40.4% |
| Trade debts | 44 | - | €247 | +€247 | |
| Suppliers | 440/4 | - | €247 | +€247 | |
| Taxes, remuneration and social security | 45 | €46,892 | €49,600 | +€2,709 | +5.8% |
| Taxes | 450/3 | €46,892 | €49,600 | +€2,709 | +5.8% |
| Other amounts payable | 47/48 | €99,324 | €37,225 | -€62,100 | -62.5% |
| Other operating charges | 640/8 | €1,030 | €1,060 | +€31 | +3.0% |
| Gross operating margin | 9900 | -€1,519 | -€1,670 | -€151 | -10.0% |
| Operating profit (loss) | 9901 | -€2,548 | -€2,730 | -€182 | -7.2% |
| Financial income | 75/76B | €305,000 | €247,000 | -€58,000 | -19.0% |
| Recurring financial income | 75 | €305,000 | €247,000 | -€58,000 | -19.0% |
| Financial charges | 65/66B | €488 | €630 | +€142 | +29.2% |
| Recurring financial charges | 65 | €488 | €630 | +€142 | +29.2% |
| Profit (loss) for the period before taxes | 9903 | €301,964 | €243,640 | -€58,325 | -19.3% |
| Income taxes | 67/77 | €27,451 | €22,149 | -€5,302 | -19.3% |
| Profit (loss) for the period | 9904 | €274,513 | €221,491 | -€53,022 | -19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €274,513 | €221,491 | -€53,022 | -19.3% |
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 30 September 2026 via checked.be.