JSC Management: 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.
JSC Management
Largest movements
- Cash +€25,114
up €25,114 (+88.0%), from €28,545 to €53,659
mainly Net result for the year (+€14,020) and Tax, wage and social debts (+€7,579)
- Tangible fixed assets +€1,692
up €1,692 (+65.0%), from €2,604 to €4,297
of which Furniture and vehicles: +€2,331
- Receivables within one year +€823
up €823 (+7.4%), from €11,049 to €11,872
of which Trade receivables: +€5,338
- Profit (loss) carried forward +€14,020
up €14,020 (+47.4%), from €29,577 to €43,596
- Tax, wage and social debts +€7,579
up €7,579 (+675%), from €1,123 to €8,702
- Trade debts +€5,619
up €5,619 (+47.0%), from €11,962 to €17,580
- Gross operating margin +€27,036
up €27,036, from -€49 to €26,987
- Taxes +€5,805
up €5,805 (+1,899%), from €306 to €6,111
- Other operating charges +€1,817
up €1,817 (+75.6%), from €2,404 to €4,221
- Staff costs +€819
new in 2025: €819
- Financial charges -€791
down €791 (-80.7%), from €980 to €189
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 | €44,662 | €72,207 | +€27,545 | +61.7% |
| Fixed assets | 21/28 | €3,300 | €4,992 | +€1,692 | +51.3% |
| Tangible fixed assets | 22/27 | €2,604 | €4,297 | +€1,692 | +65.0% |
| Plant, machinery and equipment | 23 | €1,032 | €1,110 | +€77 | +7.5% |
| Furniture and vehicles | 24 | - | €2,331 | +€2,331 | |
| Other tangible fixed assets | 26 | €1,572 | €856 | -€716 | -45.6% |
| Financial fixed assets | 28 | €695 | €695 | = | 0.0% |
| Current assets | 29/58 | €41,362 | €67,215 | +€25,853 | +62.5% |
| Amounts receivable within one year | 40/41 | €11,049 | €11,872 | +€823 | +7.4% |
| Trade receivables | 40 | €3,840 | €9,178 | +€5,338 | +139% |
| Other amounts receivable | 41 | €7,209 | €2,694 | -€4,515 | -62.6% |
| Cash at bank and in hand | 54/58 | €28,545 | €53,659 | +€25,114 | +88.0% |
| Deferred charges and accrued income | 490/1 | €1,767 | €1,683 | -€84 | -4.7% |
| Total equity and liabilities | 10/49 | €44,662 | €72,207 | +€27,545 | +61.7% |
| Equity | 10/15 | €31,577 | €45,596 | +€14,020 | +44.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,577 | €43,596 | +€14,020 | +47.4% |
| Amounts payable | 17/49 | €13,085 | €26,610 | +€13,526 | +103% |
| Amounts payable within one year | 42/48 | €13,085 | €26,610 | +€13,526 | +103% |
| Trade debts | 44 | €11,962 | €17,580 | +€5,619 | +47.0% |
| Suppliers | 440/4 | €11,962 | €17,580 | +€5,619 | +47.0% |
| Taxes, remuneration and social security | 45 | €1,123 | €8,702 | +€7,579 | +675% |
| Taxes | 450/3 | €1,123 | €8,702 | +€7,579 | +675% |
| Other amounts payable | 47/48 | €0 | €329 | +€329 | |
| Remuneration, social security and pensions | 62 | - | €819 | +€819 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,421 | €1,767 | +€346 | +24.4% |
| Other operating charges | 640/8 | €2,404 | €4,221 | +€1,817 | +75.6% |
| Gross operating margin | 9900 | -€49 | €26,987 | +€27,036 | |
| Operating profit (loss) | 9901 | -€3,874 | €20,179 | +€24,053 | |
| Financial income | 75/76B | €70 | €140 | +€70 | +99.2% |
| Recurring financial income | 75 | €70 | €140 | +€70 | +99.2% |
| Financial charges | 65/66B | €980 | €189 | -€791 | -80.7% |
| Recurring financial charges | 65 | €980 | €189 | -€791 | -80.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,784 | €20,130 | +€24,914 | |
| Income taxes | 67/77 | €306 | €6,111 | +€5,805 | +1,899% |
| Profit (loss) for the period | 9904 | -€5,089 | €14,020 | +€19,109 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,089 | €14,020 | +€19,109 |
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 14 October 2026 via checked.be.