JSenden: 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.
JSenden
Largest movements
- Cash +€111,395
up €111,395 (+189%), from €58,798 to €170,193
mainly Net result for the year (+€66,964) and Receivables within one year (+€52,644)
- Tangible fixed assets +€68,957
up €68,957 (+157%), from €43,969 to €112,926
of which Furniture and vehicles: +€67,311
- Stocks and contracts +€58,021
up €58,021 (+63.7%), from €91,148 to €149,169
- Receivables within one year -€52,644
down €52,644 (-79.2%), from €66,459 to €13,815
of which Trade receivables: -€47,793
- Reserves +€66,964
up €66,964 (+3,600%), from €1,860 to €68,824
of which Distributable reserves: +€66,964
- Trade debts +€49,890
up €49,890 (+679%), from €7,350 to €57,240
- Debts after one year +€32,772
up €32,772 (+32.0%), from €102,400 to €135,172
of which Financial debts: +€32,772
- Advances received +€17,490
up €17,490 (+1,246%), from €1,404 to €18,894
- Current portion of long-term debt +€12,187
new in 2025: €12,187
- Gross operating margin +€90,809
up €90,809 (+140%), from €64,845 to €155,654
- Write-downs +€36,292
new in 2025: €36,292
- Depreciation +€12,151
up €12,151 (+125%), from €9,682 to €21,833
- Financial income +€6,102
up €6,102 (+69,495%), from €9 to €6,110
- Financial charges +€4,212
up €4,212 (+326%), from €1,290 to €5,503
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 | €269,257 | €454,392 | +€185,135 | +68.8% |
| Fixed assets | 21/28 | €52,852 | €119,102 | +€66,249 | +125% |
| Intangible fixed assets | 21 | €2,709 | €1 | -€2,708 | -100.0% |
| Tangible fixed assets | 22/27 | €43,969 | €112,926 | +€68,957 | +157% |
| Plant, machinery and equipment | 23 | €5,109 | €14,411 | +€9,301 | +182% |
| Furniture and vehicles | 24 | €2,031 | €69,342 | +€67,311 | +3,313% |
| Other tangible fixed assets | 26 | €36,828 | €29,173 | -€7,655 | -20.8% |
| Financial fixed assets | 28 | €6,175 | €6,175 | = | 0.0% |
| Current assets | 29/58 | €216,404 | €335,290 | +€118,886 | +54.9% |
| Stocks and contracts in progress | 3 | €91,148 | €149,169 | +€58,021 | +63.7% |
| Stocks | 30/36 | €91,148 | €149,169 | +€58,021 | +63.7% |
| Amounts receivable within one year | 40/41 | €66,459 | €13,815 | -€52,644 | -79.2% |
| Trade receivables | 40 | €54,863 | €7,070 | -€47,793 | -87.1% |
| Other amounts receivable | 41 | €11,596 | €6,745 | -€4,850 | -41.8% |
| Cash at bank and in hand | 54/58 | €58,798 | €170,193 | +€111,395 | +189% |
| Deferred charges and accrued income | 490/1 | €0 | €2,113 | +€2,113 | |
| Total equity and liabilities | 10/49 | €269,257 | €454,392 | +€185,135 | +68.8% |
| Equity | 10/15 | €37,467 | €104,432 | +€66,964 | +179% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €68,824 | +€66,964 | +3,600% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Other | 1319 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | - | €66,964 | +€66,964 | |
| Profit (loss) carried forward | 14 | €17,007 | €17,007 | = | 0.0% |
| Amounts payable | 17/49 | €231,790 | €349,960 | +€118,170 | +51.0% |
| Amounts payable after more than one year | 17 | €102,400 | €135,172 | +€32,772 | +32.0% |
| Financial debts | 170/4 | €2,400 | €35,172 | +€32,772 | +1,365% |
| Other amounts payable | 178/9 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €127,390 | €210,789 | +€83,399 | +65.5% |
| Current portion of amounts payable after more than one year | 42 | - | €12,187 | +€12,187 | |
| Trade debts | 44 | €7,350 | €57,240 | +€49,890 | +679% |
| Suppliers | 440/4 | €7,350 | €57,240 | +€49,890 | +679% |
| Advances received on contracts in progress | 46 | €1,404 | €18,894 | +€17,490 | +1,246% |
| Taxes, remuneration and social security | 45 | €17,490 | €21,350 | +€3,860 | +22.1% |
| Taxes | 450/3 | €16,526 | €20,056 | +€3,529 | +21.4% |
| Remuneration and social security | 454/9 | €964 | €1,294 | +€331 | +34.3% |
| Other amounts payable | 47/48 | €101,146 | €101,117 | -€28 | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,000 | €4,000 | +€2,000 | +100% |
| Non-recurring operating income | 76A | - | €15,383 | +€15,383 | |
| Remuneration, social security and pensions | 62 | €9,021 | €7,822 | -€1,199 | -13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,682 | €21,833 | +€12,151 | +125% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €36,292 | +€36,292 | |
| Other operating charges | 640/8 | €7,241 | €7,682 | +€441 | +6.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €64,845 | €155,654 | +€90,809 | +140% |
| Operating profit (loss) | 9901 | €38,902 | €82,026 | +€43,124 | +111% |
| Financial income | 75/76B | €9 | €6,110 | +€6,102 | +69,495% |
| Recurring financial income | 75 | €9 | €6,110 | +€6,102 | +69,495% |
| Financial charges | 65/66B | €1,290 | €5,503 | +€4,212 | +326% |
| Recurring financial charges | 65 | €1,290 | €5,503 | +€4,212 | +326% |
| Profit (loss) for the period before taxes | 9903 | €37,620 | €82,633 | +€45,013 | +120% |
| Income taxes | 67/77 | €13,876 | €15,669 | +€1,793 | +12.9% |
| Profit (loss) for the period | 9904 | €23,744 | €66,964 | +€43,220 | +182% |
| Profit (loss) for the period to be appropriated | 9905 | €23,744 | €66,964 | +€43,220 | +182% |
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.