JSH: what changed
Two fiscal 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.
JSH
Largest movements
- Cash -€19,180
down €19,180 (-35.9%), from €53,376 to €34,196
mainly Contributions, distributions and other (-€50,000) and Other debts (-€10,037)
- Tangible fixed assets -€10,585
down €10,585 (-27.5%), from €38,448 to €27,863
of which Furniture and vehicles: -€10,144
- Receivables within one year +€3,506
up €3,506 (+153.6%), from €2,282 to €5,788
of which Trade receivables: +€4,725
- Deferred charges and accrued income +€2,115
up €2,115 (+30.2%), from €6,992 to €9,106
- Profit (loss) carried forward -€39,514
down €39,514 (-99.9%), from €39,569 to €54
- Debts after one year +€32,500
new in 2025: €32,500
- Other debts -€10,037
down €10,037 (-21.5%), from €46,650 to €36,613
- Tax, wage and social debts -€7,650
no longer reported in 2025 (was €7,650)
- Gross operating margin -€28,704
down €28,704 (-51.2%), from €56,025 to €27,321
- Taxes -€7,233
down €7,233 (-65.3%), from €11,084 to €3,851
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 | €101,099 | €76,954 | -€24,144 | -23.9% |
| Fixed assets | 21/28 | €38,448 | €27,863 | -€10,585 | -27.5% |
| Tangible fixed assets | 22/27 | €38,448 | €27,863 | -€10,585 | -27.5% |
| Plant, machinery and equipment | 23 | €1,251 | €810 | -€441 | -35.2% |
| Furniture and vehicles | 24 | €37,197 | €27,053 | -€10,144 | -27.3% |
| Current assets | 29/58 | €62,650 | €49,091 | -€13,559 | -21.6% |
| Amounts receivable within one year | 40/41 | €2,282 | €5,788 | +€3,506 | +153.6% |
| Trade receivables | 40 | €45 | €4,770 | +€4,725 | +10471.8% |
| Other amounts receivable | 41 | €2,237 | €1,018 | -€1,219 | -54.5% |
| Cash at bank and in hand | 54/58 | €53,376 | €34,196 | -€19,180 | -35.9% |
| Deferred charges and accrued income | 490/1 | €6,992 | €9,106 | +€2,115 | +30.2% |
| Total equity and liabilities | 10/49 | €101,099 | €76,954 | -€24,144 | -23.9% |
| Equity | 10/15 | €45,569 | €6,054 | -€39,514 | -86.7% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,569 | €54 | -€39,514 | -99.9% |
| Amounts payable | 17/49 | €55,530 | €70,900 | +€15,370 | +27.7% |
| Amounts payable after more than one year | 17 | - | €32,500 | +€32,500 | |
| Other amounts payable | 178/9 | - | €32,500 | +€32,500 | |
| Amounts payable within one year | 42/48 | €55,530 | €38,400 | -€17,130 | -30.8% |
| Trade debts | 44 | €1,230 | €1,787 | +€557 | +45.3% |
| Suppliers | 440/4 | €1,230 | €1,787 | +€557 | +45.3% |
| Taxes, remuneration and social security | 45 | €7,650 | - | -€7,650 | |
| Taxes | 450/3 | €7,650 | - | -€7,650 | |
| Other amounts payable | 47/48 | €46,650 | €36,613 | -€10,037 | -21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,629 | €12,492 | -€138 | -1.1% |
| Other operating charges | 640/8 | €102 | €405 | +€303 | +295.9% |
| Gross operating margin | 9900 | €56,025 | €27,321 | -€28,704 | -51.2% |
| Operating profit (loss) | 9901 | €43,293 | €14,424 | -€28,869 | -66.7% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €111 | €88 | -€23 | -20.4% |
| Recurring financial charges | 65 | €111 | €88 | -€23 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €43,184 | €14,336 | -€28,847 | -66.8% |
| Income taxes | 67/77 | €11,084 | €3,851 | -€7,233 | -65.3% |
| Profit (loss) for the period | 9904 | €32,100 | €10,486 | -€21,614 | -67.3% |
| Profit (loss) for the period to be appropriated | 9905 | €32,100 | €10,486 | -€21,614 | -67.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.