JSB METAALWERKEN: what changed
What changed
JSB METAALWERKEN
NACE 25.530, Machining of metals
filed annual accounts (NBB)
Net result for the year
€299,458
2024 · €139,763+€159,695
Equity
€1.4m
2024 · €1.3m+€99,458
Cash
€226,337
2024 · €308,842-€82,505
Balance sheet total
€1.9m
2024 · €1.7m+€215,311
Largest movements
Assets
- Stocks and contracts +€225,634
up €225,634 (+87.6%), from €257,576 to €483,211
of which Stocks: +€114,340
- Receivables within one year +€144,677
up €144,677 (+28.7%), from €503,693 to €648,370
of which Trade receivables: +€144,677
- Cash -€82,505
down €82,505 (-26.7%), from €308,842 to €226,337
mainly Stocks and contracts (-€225,634) and Contributions, distributions and other (-€200,000)
- Tangible fixed assets -€72,495
down €72,495 (-11.8%), from €616,777 to €544,282
Equity and liabilities
- Reserves +€99,458
up €99,458 (+10.6%), from €935,827 to €1.0m
of which Distributable reserves: +€99,458
- Tax, wage and social debts +€92,503
up €92,503 (+119%), from €78,032 to €170,535
of which Taxes: +€71,512
- Other debts +€50,000
up €50,000, from €0 to €50,000
Income statement
- Gross operating margin +€240,992
up €240,992 (+33.1%), from €727,439 to €968,431
- Staff costs +€89,914
up €89,914 (+25.4%), from €354,608 to €444,522
- Depreciation -€63,542
down €63,542 (-41.6%), from €152,673 to €89,131
- Taxes +€59,925
up €59,925 (+121%), from €49,720 to €109,645
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€139,763
Gross operating margin
+€240,992
Staff costs
-€89,914
Depreciation
+€63,542
Other operating charges
+€707
Financial income
-€529
Financial charges
+€4,821
Taxes
-€59,925
Result 2025
€299,458
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€156,375
Investment
-€16,636
Financing
-€222,244
Cash 2024
€308,842
From operations (derived)
+€156,375
Net result for the year
+€299,458
Depreciation
+€89,131
Stocks and contracts
-€225,634
Receivables within one year
-€144,677
Trade debts
-€12,851
Tax, wage and social debts
+€92,503
Advances received
-€7,296
Other debts
+€50,000
Accrued charges and deferred income
+€15,741
Investment (derived)
-€16,636
Investment in fixed assets (net)
-€16,636
Financing
-€222,244
Debts after one year
-€13,422
Current portion of long-term debt
-€8,822
Contributions, distributions and other
-€200,000
Cash 2025
€226,337
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,686,888 | €1,902,199 | +€215,311 | +12.8% |
| Fixed assets | 21/28 | €616,777 | €544,282 | -€72,495 | -11.8% |
| Tangible fixed assets | 22/27 | €616,777 | €544,282 | -€72,495 | -11.8% |
| Land and buildings | 22 | €511,596 | €479,414 | -€32,182 | -6.3% |
| Plant, machinery and equipment | 23 | €67,178 | €38,707 | -€28,471 | -42.4% |
| Furniture and vehicles | 24 | €36,577 | €25,447 | -€11,129 | -30.4% |
| Other tangible fixed assets | 26 | €1,427 | €714 | -€714 | -50.0% |
| Current assets | 29/58 | €1,070,111 | €1,357,917 | +€287,806 | +26.9% |
| Stocks and contracts in progress | 3 | €257,576 | €483,211 | +€225,634 | +87.6% |
| Stocks | 30/36 | €237,501 | €351,841 | +€114,340 | +48.1% |
| Contracts in progress | 37 | €20,076 | €131,370 | +€111,294 | +554% |
| Amounts receivable within one year | 40/41 | €503,693 | €648,370 | +€144,677 | +28.7% |
| Trade receivables | 40 | €488,555 | €633,231 | +€144,677 | +29.6% |
| Other amounts receivable | 41 | €15,138 | €15,138 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €308,842 | €226,337 | -€82,505 | -26.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,686,888 | €1,902,199 | +€215,311 | +12.8% |
| Equity | 10/15 | €1,254,377 | €1,353,835 | +€99,458 | +7.9% |
| Contributions | 10/11 | €318,550 | €318,550 | = | 0.0% |
| Reserves | 13 | €935,827 | €1,035,285 | +€99,458 | +10.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €935,827 | €1,035,285 | +€99,458 | +10.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €432,512 | €548,365 | +€115,853 | +26.8% |
| Amounts payable after more than one year | 17 | €130,735 | €117,313 | -€13,422 | -10.3% |
| Financial debts | 170/4 | €130,735 | €117,313 | -€13,422 | -10.3% |
| Amounts payable within one year | 42/48 | €301,776 | €415,311 | +€113,534 | +37.6% |
| Current portion of amounts payable after more than one year | 42 | €22,244 | €13,422 | -€8,822 | -39.7% |
| Trade debts | 44 | €194,204 | €181,354 | -€12,851 | -6.6% |
| Suppliers | 440/4 | €194,204 | €181,354 | -€12,851 | -6.6% |
| Advances received on contracts in progress | 46 | €7,296 | €0 | -€7,296 | -100% |
| Taxes, remuneration and social security | 45 | €78,032 | €170,535 | +€92,503 | +119% |
| Taxes | 450/3 | €35,063 | €106,575 | +€71,512 | +204% |
| Remuneration and social security | 454/9 | €42,969 | €63,960 | +€20,991 | +48.9% |
| Other amounts payable | 47/48 | €0 | €50,000 | +€50,000 | |
| Accrued charges and deferred income | 492/3 | €0 | €15,741 | +€15,741 | |
| Remuneration, social security and pensions | 62 | €354,608 | €444,522 | +€89,914 | +25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €152,673 | €89,131 | -€63,542 | -41.6% |
| Other operating charges | 640/8 | €18,790 | €18,083 | -€707 | -3.8% |
| Gross operating margin | 9900 | €727,439 | €968,431 | +€240,992 | +33.1% |
| Operating profit (loss) | 9901 | €201,368 | €416,695 | +€215,327 | +107% |
| Financial income | 75/76B | €529 | €0 | -€529 | -99.9% |
| Recurring financial income | 75 | €529 | €0 | -€529 | -99.9% |
| Financial charges | 65/66B | €12,414 | €7,592 | -€4,821 | -38.8% |
| Recurring financial charges | 65 | €12,414 | €7,592 | -€4,821 | -38.8% |
| Profit (loss) for the period before taxes | 9903 | €189,483 | €409,103 | +€219,619 | +116% |
| Income taxes | 67/77 | €49,720 | €109,645 | +€59,925 | +121% |
| Profit (loss) for the period | 9904 | €139,763 | €299,458 | +€159,695 | +114% |
| Profit (loss) for the period to be appropriated | 9905 | €139,763 | €299,458 | +€159,695 | +114% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.