JSFL IMMO: 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.
JSFL IMMO
Largest movements
- Cash -€584,960
down €584,960 (-62.1%), from €941,889 to €356,929
mainly Stocks and contracts (-€309,299) and Tax, wage and social debts (-€222,406)
- Stocks and contracts +€309,299
up €309,299 (+1576.5%), from €19,620 to €328,919
- Receivables within one year +€38,841
up €38,841 (+3527.5%), from €1,101 to €39,942
of which Trade receivables: +€28,537
- Tangible fixed assets +€15,568
up €15,568 (+23.2%), from €67,117 to €82,685
of which Furniture and vehicles: +€22,890
- Tax, wage and social debts -€222,406
down €222,406 (-100.0%), from €222,478 to €72
- Gross operating margin -€571,617
down €571,617 (-96.3%), from €593,744 to €22,128
- Taxes -€128,904
down €128,904 (-99.9%), from €128,976 to €72
- Financial charges -€13,283
down €13,283 (-99.6%), from €13,337 to €54
- Depreciation +€8,422
up €8,422 (+59.4%), from €14,189 to €22,611
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.
Cash bridge derived
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 | €1,031,709 | €810,616 | -€221,093 | -21.4% |
| Fixed assets | 21/28 | €67,297 | €82,865 | +€15,568 | +23.1% |
| Tangible fixed assets | 22/27 | €67,117 | €82,685 | +€15,568 | +23.2% |
| Plant, machinery and equipment | 23 | €31,160 | €23,838 | -€7,322 | -23.5% |
| Furniture and vehicles | 24 | €35,956 | €58,846 | +€22,890 | +63.7% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €964,413 | €727,752 | -€236,661 | -24.5% |
| Stocks and contracts in progress | 3 | €19,620 | €328,919 | +€309,299 | +1576.5% |
| Stocks | 30/36 | €19,620 | €328,919 | +€309,299 | +1576.5% |
| Amounts receivable within one year | 40/41 | €1,101 | €39,942 | +€38,841 | +3527.5% |
| Trade receivables | 40 | €1,101 | €29,638 | +€28,537 | +2591.7% |
| Other amounts receivable | 41 | - | €10,304 | +€10,304 | |
| Cash at bank and in hand | 54/58 | €941,889 | €356,929 | -€584,960 | -62.1% |
| Deferred charges and accrued income | 490/1 | €1,803 | €1,962 | +€159 | +8.8% |
| Total equity and liabilities | 10/49 | €1,031,709 | €810,616 | -€221,093 | -21.4% |
| Equity | 10/15 | €433,988 | €434,964 | +€976 | +0.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €413,000 | €414,500 | +€1,500 | +0.4% |
| Distributable reserves | 133 | €413,000 | €414,500 | +€1,500 | +0.4% |
| Profit (loss) carried forward | 14 | €988 | €464 | -€524 | -53.0% |
| Amounts payable | 17/49 | €597,721 | €375,652 | -€222,069 | -37.2% |
| Amounts payable within one year | 42/48 | €596,221 | €375,652 | -€220,569 | -37.0% |
| Trade debts | 44 | €3,985 | €5,825 | +€1,840 | +46.2% |
| Suppliers | 440/4 | €3,985 | €5,825 | +€1,840 | +46.2% |
| Taxes, remuneration and social security | 45 | €222,478 | €72 | -€222,406 | -100.0% |
| Taxes | 450/3 | €222,478 | €72 | -€222,406 | -100.0% |
| Other amounts payable | 47/48 | €369,758 | €369,755 | -€3 | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,500 | - | -€1,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,189 | €22,611 | +€8,422 | +59.4% |
| Other operating charges | 640/8 | €306 | €548 | +€242 | +79.1% |
| Gross operating margin | 9900 | €593,744 | €22,128 | -€571,617 | -96.3% |
| Operating profit (loss) | 9901 | €579,249 | -€1,032 | -€580,281 | |
| Financial income | 75/76B | €0 | €2,134 | +€2,134 | +21338700.0% |
| Recurring financial income | 75 | €0 | €2,134 | +€2,134 | +21338700.0% |
| Financial charges | 65/66B | €13,337 | €54 | -€13,283 | -99.6% |
| Recurring financial charges | 65 | €13,337 | €54 | -€13,283 | -99.6% |
| Profit (loss) for the period before taxes | 9903 | €565,912 | €1,048 | -€564,864 | -99.8% |
| Income taxes | 67/77 | €128,976 | €72 | -€128,904 | -99.9% |
| Profit (loss) for the period | 9904 | €436,936 | €976 | -€435,961 | -99.8% |
| Profit (loss) for the period to be appropriated | 9905 | €436,936 | €976 | -€435,961 | -99.8% |
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 12 October 2026 via checked.be.