JSB Belgium: 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 Belgium
Largest movements
- Tangible fixed assets -€257,368
down €257,368 (-4.6%), from €5.6m to €5.4m
- Cash +€82,738
up €82,738 (+59.0%), from €140,194 to €222,933
mainly Depreciation (+€257,368) and Net result for the year (+€229,559)
- Debts after one year -€296,667
down €296,667 (-8.6%), from €3.5m to €3.2m
- Reserves +€229,559
up €229,559 (+88.4%), from €259,567 to €489,126
- Accrued charges and deferred income -€86,697
down €86,697 (-100%), from €86,697 to €0
- Gross operating margin +€183,081
up €183,081 (+33.8%), from €542,281 to €725,362
- Taxes +€52,836
up €52,836 (+223%), from €23,683 to €76,520
- Financial charges -€29,802
down €29,802 (-18.8%), from €158,180 to €128,379
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 | €6,140,392 | €5,934,749 | -€205,643 | -3.3% |
| Fixed assets | 21/28 | €5,645,797 | €5,388,429 | -€257,368 | -4.6% |
| Tangible fixed assets | 22/27 | €5,645,797 | €5,388,429 | -€257,368 | -4.6% |
| Land and buildings | 22 | €5,645,797 | €5,388,429 | -€257,368 | -4.6% |
| Current assets | 29/58 | €494,595 | €546,320 | +€51,725 | +10.5% |
| Amounts receivable within one year | 40/41 | €354,400 | €323,387 | -€31,013 | -8.8% |
| Trade receivables | 40 | €73,554 | €4,318 | -€69,237 | -94.1% |
| Other amounts receivable | 41 | €280,846 | €319,069 | +€38,223 | +13.6% |
| Cash at bank and in hand | 54/58 | €140,194 | €222,933 | +€82,738 | +59.0% |
| Total equity and liabilities | 10/49 | €6,140,392 | €5,934,749 | -€205,643 | -3.3% |
| Equity | 10/15 | €265,767 | €495,326 | +€229,559 | +86.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €259,567 | €489,126 | +€229,559 | +88.4% |
| Distributable reserves | 133 | €259,567 | €489,126 | +€229,559 | +88.4% |
| Amounts payable | 17/49 | €5,874,624 | €5,439,423 | -€435,202 | -7.4% |
| Amounts payable after more than one year | 17 | €3,465,000 | €3,168,333 | -€296,667 | -8.6% |
| Financial debts | 170/4 | €3,465,000 | €3,168,333 | -€296,667 | -8.6% |
| Amounts payable within one year | 42/48 | €2,322,928 | €2,271,090 | -€51,838 | -2.2% |
| Current portion of amounts payable after more than one year | 42 | €296,667 | €296,667 | = | 0.0% |
| Financial debts | 43 | €16,904 | €12,627 | -€4,277 | -25.3% |
| Credit institutions | 430/8 | €16,904 | €12,627 | -€4,277 | -25.3% |
| Trade debts | 44 | €249,655 | €217,938 | -€31,717 | -12.7% |
| Suppliers | 440/4 | €249,655 | €217,938 | -€31,717 | -12.7% |
| Taxes, remuneration and social security | 45 | €36,235 | €20,391 | -€15,844 | -43.7% |
| Taxes | 450/3 | €36,235 | €20,391 | -€15,844 | -43.7% |
| Other amounts payable | 47/48 | €1,723,467 | €1,723,467 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €86,697 | €0 | -€86,697 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €257,368 | €257,368 | -€0 | 0.0% |
| Other operating charges | 640/8 | €32,000 | €33,537 | +€1,537 | +4.8% |
| Gross operating margin | 9900 | €542,281 | €725,362 | +€183,081 | +33.8% |
| Operating profit (loss) | 9901 | €252,913 | €434,457 | +€181,544 | +71.8% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €158,180 | €128,379 | -€29,802 | -18.8% |
| Recurring financial charges | 65 | €158,180 | €128,379 | -€29,802 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | €94,733 | €306,079 | +€211,346 | +223% |
| Income taxes | 67/77 | €23,683 | €76,520 | +€52,836 | +223% |
| Profit (loss) for the period | 9904 | €71,050 | €229,559 | +€158,509 | +223% |
| Profit (loss) for the period to be appropriated | 9905 | €71,050 | €229,559 | +€158,509 | +223% |
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 24 October 2026 via checked.be.