JSH Concept: 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.
JSH Concept
Largest movements
- Cash +€13,722
up €13,722 (+108.5%), from €12,651 to €26,373
mainly Net result for the year (+€24,076) and Accrued charges and deferred income (+€8,094)
- Deferred charges and accrued income +€12,157
up €12,157 (+641.9%), from €1,894 to €14,051
- Receivables within one year +€1,904
up €1,904 (+3.4%), from €56,272 to €58,176
- Profit (loss) carried forward +€24,076
up €24,076 (+50.9%), from €47,342 to €71,418
- Accrued charges and deferred income +€8,094
new in 2025: €8,094
- Tax, wage and social debts -€6,147
down €6,147 (-42.9%), from €14,321 to €8,174
- Other debts +€4,072
up €4,072 (+53.5%), from €7,617 to €11,689
- Trade debts -€1,490
down €1,490 (-42.7%), from €3,493 to €2,003
- Gross operating margin -€32,630
down €32,630 (-47.3%), from €68,988 to €36,358
- Taxes -€6,193
down €6,193 (-50.7%), from €12,217 to €6,024
- Depreciation -€1,769
down €1,769 (-25.2%), from €7,021 to €5,251
- Financial charges -€1,252
down €1,252 (-58.7%), from €2,132 to €880
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 | €75,773 | €104,377 | +€28,604 | +37.8% |
| Fixed assets | 21/28 | €4,955 | €5,777 | +€822 | +16.6% |
| Tangible fixed assets | 22/27 | €4,955 | €5,777 | +€822 | +16.6% |
| Plant, machinery and equipment | 23 | €4,955 | €3,399 | -€1,556 | -31.4% |
| Furniture and vehicles | 24 | - | €2,379 | +€2,379 | |
| Current assets | 29/58 | €70,818 | €98,600 | +€27,782 | +39.2% |
| Amounts receivable within one year | 40/41 | €56,272 | €58,176 | +€1,904 | +3.4% |
| Trade receivables | 40 | €56,272 | €58,176 | +€1,904 | +3.4% |
| Cash at bank and in hand | 54/58 | €12,651 | €26,373 | +€13,722 | +108.5% |
| Deferred charges and accrued income | 490/1 | €1,894 | €14,051 | +€12,157 | +641.9% |
| Total equity and liabilities | 10/49 | €75,773 | €104,377 | +€28,604 | +37.8% |
| Equity | 10/15 | €50,342 | €74,418 | +€24,076 | +47.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,342 | €71,418 | +€24,076 | +50.9% |
| Amounts payable | 17/49 | €25,430 | €29,959 | +€4,529 | +17.8% |
| Amounts payable within one year | 42/48 | €25,430 | €21,865 | -€3,565 | -14.0% |
| Trade debts | 44 | €3,493 | €2,003 | -€1,490 | -42.7% |
| Suppliers | 440/4 | €3,493 | €2,003 | -€1,490 | -42.7% |
| Taxes, remuneration and social security | 45 | €14,321 | €8,174 | -€6,147 | -42.9% |
| Taxes | 450/3 | €14,321 | €8,174 | -€6,147 | -42.9% |
| Other amounts payable | 47/48 | €7,617 | €11,689 | +€4,072 | +53.5% |
| Accrued charges and deferred income | 492/3 | - | €8,094 | +€8,094 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,021 | €5,251 | -€1,769 | -25.2% |
| Other operating charges | 640/8 | €276 | €128 | -€149 | -53.8% |
| Gross operating margin | 9900 | €68,988 | €36,358 | -€32,630 | -47.3% |
| Operating profit (loss) | 9901 | €61,691 | €30,979 | -€30,712 | -49.8% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €2,132 | €880 | -€1,252 | -58.7% |
| Recurring financial charges | 65 | €2,132 | €880 | -€1,252 | -58.7% |
| Profit (loss) for the period before taxes | 9903 | €59,559 | €30,100 | -€29,460 | -49.5% |
| Income taxes | 67/77 | €12,217 | €6,024 | -€6,193 | -50.7% |
| Profit (loss) for the period | 9904 | €47,342 | €24,076 | -€23,267 | -49.1% |
| Profit (loss) for the period to be appropriated | 9905 | €47,342 | €24,076 | -€23,267 | -49.1% |
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 10 October 2026 via checked.be.