JSG RENO: 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.
JSG RENO
Largest movements
- Receivables within one year -€48,687
down €48,687 (-53.7%), from €90,724 to €42,037
of which Trade receivables: -€46,608
- Cash -€2,213
down €2,213 (-71.7%), from €3,084 to €872
mainly Trade debts (-€49,312) and Net result for the year (-€2,703)
- Trade debts -€49,312
down €49,312 (-59.4%), from €83,040 to €33,728
- Profit (loss) carried forward -€2,703
down €2,703 (-19.8%), from -€13,660 to -€16,363
- Tax, wage and social debts +€1,362
up €1,362 (+79.4%), from €1,717 to €3,080
of which Remuneration and social security: +€1,382
- Gross operating margin -€101,144
down €101,144 (-62.3%), from €162,406 to €61,262
- Staff costs -€17,136
down €17,136 (-21.4%), from €80,234 to €63,098
- Financial charges -€2,662
down €2,662 (-75.4%), from €3,528 to €866
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €93,809 | €42,909 | -€50,900 | -54.3% |
| Fixed assets | 21/28 | - | €0 | = | |
| Tangible fixed assets | 22/27 | - | €0 | = | |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Current assets | 29/58 | €93,809 | €42,909 | -€50,900 | -54.3% |
| Amounts receivable within one year | 40/41 | €90,724 | €42,037 | -€48,687 | -53.7% |
| Trade receivables | 40 | €88,506 | €41,898 | -€46,608 | -52.7% |
| Other amounts receivable | 41 | €2,218 | €138 | -€2,079 | -93.8% |
| Cash at bank and in hand | 54/58 | €3,084 | €872 | -€2,213 | -71.7% |
| Total equity and liabilities | 10/49 | €93,809 | €42,909 | -€50,900 | -54.3% |
| Equity | 10/15 | €6,800 | €4,097 | -€2,703 | -39.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,660 | -€16,363 | -€2,703 | -19.8% |
| Amounts payable | 17/49 | €87,009 | €38,811 | -€48,197 | -55.4% |
| Amounts payable within one year | 42/48 | €87,009 | €38,811 | -€48,197 | -55.4% |
| Trade debts | 44 | €83,040 | €33,728 | -€49,312 | -59.4% |
| Suppliers | 440/4 | €83,040 | €33,728 | -€49,312 | -59.4% |
| Taxes, remuneration and social security | 45 | €1,717 | €3,080 | +€1,362 | +79.4% |
| Taxes | 450/3 | €19 | - | -€19 | |
| Remuneration and social security | 454/9 | €1,698 | €3,080 | +€1,382 | +81.4% |
| Other amounts payable | 47/48 | €2,252 | €2,003 | -€248 | -11.0% |
| Remuneration, social security and pensions | 62 | €80,234 | €63,098 | -€17,136 | -21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €372 | - | -€372 | |
| Other operating charges | 640/8 | €1,024 | €0 | -€1,024 | -100% |
| Gross operating margin | 9900 | €162,406 | €61,262 | -€101,144 | -62.3% |
| Operating profit (loss) | 9901 | €80,776 | -€1,836 | -€82,612 | |
| Financial charges | 65/66B | €3,528 | €866 | -€2,662 | -75.4% |
| Recurring financial charges | 65 | €3,528 | €866 | -€2,662 | -75.4% |
| Profit (loss) for the period before taxes | 9903 | €77,248 | -€2,703 | -€79,951 | |
| Profit (loss) for the period | 9904 | €77,248 | -€2,703 | -€79,951 | |
| Profit (loss) for the period to be appropriated | 9905 | €77,248 | -€2,703 | -€79,951 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.