JSL: 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.
JSL
Largest movements
- Tangible fixed assets -€21,354
down €21,354 (-3.0%), from €706,102 to €684,748
- Debts after one year -€26,335
down €26,335 (-4.5%), from €587,408 to €561,073
of which Financial debts: -€26,335
- Gross operating margin +€5,399
up €5,399 (+18.3%), from €29,477 to €34,875
- Other operating charges -€2,658
down €2,658 (-70.2%), from €3,789 to €1,131
- Financial charges -€1,791
down €1,791 (-15.2%), from €11,758 to €9,967
- Depreciation -€869
down €869 (-3.9%), from €22,490 to €21,622
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 | €711,615 | €686,703 | -€24,913 | -3.5% |
| Formation expenses | 20 | €267 | - | -€267 | |
| Fixed assets | 21/28 | €706,102 | €684,748 | -€21,354 | -3.0% |
| Tangible fixed assets | 22/27 | €706,102 | €684,748 | -€21,354 | -3.0% |
| Land and buildings | 22 | €706,102 | €684,748 | -€21,354 | -3.0% |
| Current assets | 29/58 | €5,246 | €1,955 | -€3,291 | -62.7% |
| Amounts receivable within one year | 40/41 | €1,498 | - | -€1,498 | |
| Other amounts receivable | 41 | €1,498 | - | -€1,498 | |
| Cash at bank and in hand | 54/58 | €1,699 | €1,955 | +€256 | +15.1% |
| Deferred charges and accrued income | 490/1 | €2,050 | - | -€2,050 | |
| Total equity and liabilities | 10/49 | €711,615 | €686,703 | -€24,913 | -3.5% |
| Equity | 10/15 | €35,654 | €37,810 | +€2,156 | +6.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €15,654 | €17,810 | +€2,156 | +13.8% |
| Distributable reserves | 133 | €15,654 | €17,810 | +€2,156 | +13.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €675,961 | €648,893 | -€27,069 | -4.0% |
| Amounts payable after more than one year | 17 | €587,408 | €561,073 | -€26,335 | -4.5% |
| Financial debts | 170/4 | €407,408 | €381,073 | -€26,335 | -6.5% |
| Other amounts payable | 178/9 | €180,000 | €180,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €88,553 | €87,170 | -€1,383 | -1.6% |
| Current portion of amounts payable after more than one year | 42 | €25,755 | €26,335 | +€581 | +2.3% |
| Trade debts | 44 | €44,769 | €44,111 | -€658 | -1.5% |
| Suppliers | 440/4 | €44,769 | €44,111 | -€658 | -1.5% |
| Taxes, remuneration and social security | 45 | €504 | €4 | -€500 | -99.2% |
| Taxes | 450/3 | €504 | €4 | -€500 | -99.2% |
| Other amounts payable | 47/48 | €17,525 | €16,720 | -€805 | -4.6% |
| Accrued charges and deferred income | 492/3 | - | €650 | +€650 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,490 | €21,622 | -€869 | -3.9% |
| Other operating charges | 640/8 | €3,789 | €1,131 | -€2,658 | -70.2% |
| Gross operating margin | 9900 | €29,477 | €34,875 | +€5,399 | +18.3% |
| Operating profit (loss) | 9901 | €3,197 | €12,123 | +€8,926 | +279.2% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €11,758 | €9,967 | -€1,791 | -15.2% |
| Recurring financial charges | 65 | €11,758 | €9,967 | -€1,791 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | -€8,561 | €2,156 | +€10,717 | |
| Profit (loss) for the period | 9904 | -€8,561 | €2,156 | +€10,717 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,561 | €2,156 | +€10,717 |
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.