JSD Sign: 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.
JSD Sign
Largest movements
- Receivables within one year +€44,855
up €44,855 (+144%), from €31,167 to €76,022
of which Other amounts receivable: +€37,501
- Tangible fixed assets -€11,500
down €11,500 (-70.8%), from €16,247 to €4,747
of which Furniture and vehicles: -€11,307
- Cash -€8,049
down €8,049 (-100.0%), from €8,050 to €1
mainly Receivables within one year (-€44,855) and Trade debts (-€13,905)
- Reserves +€33,922
up €33,922 (+147%), from €23,113 to €57,035
- Trade debts -€13,905
down €13,905 (-59.9%), from €23,208 to €9,303
- Short-term financial debts +€12,171
new in 2025: €12,171
- Current portion of long-term debt -€3,786
down €3,786 (-82.9%), from €4,568 to €782
- Tax, wage and social debts -€2,315
down €2,315 (-82.9%), from €2,794 to €479
- Taxes -€5,000
down €5,000 (-50.0%), from €10,000 to €5,000
- Depreciation -€3,344
down €3,344 (-70.1%), from €4,772 to €1,428
- Financial charges +€3,082
up €3,082 (+574%), from €537 to €3,619
of which Financial charges: +€1,704
- Gross operating margin +€2,672
up €2,672 (+5.9%), from €45,596 to €48,268
- Staff costs -€2,552
down €2,552 (-54.1%), from €4,719 to €2,167
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 | €55,464 | €80,770 | +€25,306 | +45.6% |
| Fixed assets | 21/28 | €16,247 | €4,747 | -€11,500 | -70.8% |
| Tangible fixed assets | 22/27 | €16,247 | €4,747 | -€11,500 | -70.8% |
| Plant, machinery and equipment | 23 | €706 | €513 | -€193 | -27.3% |
| Furniture and vehicles | 24 | €15,541 | €4,234 | -€11,307 | -72.8% |
| Current assets | 29/58 | €39,217 | €76,023 | +€36,806 | +93.9% |
| Amounts receivable within one year | 40/41 | €31,167 | €76,022 | +€44,855 | +144% |
| Trade receivables | 40 | €22,896 | €30,250 | +€7,354 | +32.1% |
| Other amounts receivable | 41 | €8,271 | €45,772 | +€37,501 | +453% |
| Cash at bank and in hand | 54/58 | €8,050 | €1 | -€8,049 | -100.0% |
| Total equity and liabilities | 10/49 | €55,464 | €80,770 | +€25,306 | +45.6% |
| Equity | 10/15 | €24,113 | €58,035 | +€33,922 | +141% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €23,113 | €57,035 | +€33,922 | +147% |
| Distributable reserves | 133 | €23,113 | €57,035 | +€33,922 | +147% |
| Amounts payable | 17/49 | €31,351 | €22,735 | -€8,616 | -27.5% |
| Amounts payable after more than one year | 17 | €781 | - | -€781 | |
| Financial debts | 170/4 | €781 | - | -€781 | |
| Amounts payable within one year | 42/48 | €30,570 | €22,735 | -€7,835 | -25.6% |
| Current portion of amounts payable after more than one year | 42 | €4,568 | €782 | -€3,786 | -82.9% |
| Financial debts | 43 | - | €12,171 | +€12,171 | |
| Credit institutions | 430/8 | - | €12,171 | +€12,171 | |
| Trade debts | 44 | €23,208 | €9,303 | -€13,905 | -59.9% |
| Suppliers | 440/4 | €23,208 | €9,303 | -€13,905 | -59.9% |
| Taxes, remuneration and social security | 45 | €2,794 | €479 | -€2,315 | -82.9% |
| Taxes | 450/3 | €2,794 | €479 | -€2,315 | -82.9% |
| Remuneration, social security and pensions | 62 | €4,719 | €2,167 | -€2,552 | -54.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,772 | €1,428 | -€3,344 | -70.1% |
| Other operating charges | 640/8 | €2,489 | €2,142 | -€347 | -13.9% |
| Gross operating margin | 9900 | €45,596 | €48,268 | +€2,672 | +5.9% |
| Operating profit (loss) | 9901 | €33,616 | €42,531 | +€8,915 | +26.5% |
| Financial income | 75/76B | €34 | €10 | -€24 | -70.6% |
| Recurring financial income | 75 | €34 | €10 | -€24 | -70.6% |
| Financial charges | 65/66B | €537 | €3,619 | +€3,082 | +574% |
| Recurring financial charges | 65 | €537 | €2,241 | +€1,704 | +317% |
| Non-recurring financial charges | 66B | - | €1,378 | +€1,378 | |
| Profit (loss) for the period before taxes | 9903 | €33,113 | €38,922 | +€5,809 | +17.5% |
| Income taxes | 67/77 | €10,000 | €5,000 | -€5,000 | -50.0% |
| Profit (loss) for the period | 9904 | €23,113 | €33,922 | +€10,809 | +46.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,113 | €33,922 | +€10,809 | +46.8% |
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 26 October 2026 via checked.be.