JSL-MANAGEMENT: 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-MANAGEMENT
Largest movements
- Receivables within one year +€299,564
up €299,564 (+85.0%), from €352,630 to €652,194
of which Trade receivables: +€196,181
- Cash -€196,227
down €196,227 (-84.9%), from €231,167 to €34,940
mainly Receivables within one year (-€299,564) and Investment in fixed assets (net) (-€6,070)
- Reserves +€74,960
up €74,960 (+14.8%), from €506,622 to €581,582
- Tax, wage and social debts +€23,543
up €23,543 (+26.5%), from €88,915 to €112,458
of which Taxes: +€21,043
- Gross operating margin -€256,059
down €256,059 (-58.0%), from €441,677 to €185,618
- Taxes -€77,238
down €77,238 (-76.2%), from €101,333 to €24,095
- Financial charges +€34,508
up €34,508 (+82.9%), from €41,610 to €76,118
- Staff costs +€6,564
up €6,564, from €0 to €6,564
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.
Derived cash bridge
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 | €600,664 | €704,580 | +€103,916 | +17.3% |
| Fixed assets | 21/28 | €12,753 | €13,083 | +€330 | +2.6% |
| Tangible fixed assets | 22/27 | €12,753 | €13,083 | +€330 | +2.6% |
| Plant, machinery and equipment | 23 | €559 | €0 | -€559 | -100% |
| Furniture and vehicles | 24 | €10,577 | €11,922 | +€1,345 | +12.7% |
| Other tangible fixed assets | 26 | €1,617 | €1,161 | -€456 | -28.2% |
| Current assets | 29/58 | €587,911 | €691,497 | +€103,586 | +17.6% |
| Amounts receivable within one year | 40/41 | €352,630 | €652,194 | +€299,564 | +85.0% |
| Trade receivables | 40 | €340,861 | €537,042 | +€196,181 | +57.6% |
| Other amounts receivable | 41 | €11,769 | €115,152 | +€103,383 | +878% |
| Cash at bank and in hand | 54/58 | €231,167 | €34,940 | -€196,227 | -84.9% |
| Deferred charges and accrued income | 490/1 | €4,115 | €4,363 | +€249 | +6.0% |
| Total equity and liabilities | 10/49 | €600,664 | €704,580 | +€103,916 | +17.3% |
| Equity | 10/15 | €511,622 | €586,582 | +€74,960 | +14.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €506,622 | €581,582 | +€74,960 | +14.8% |
| Distributable reserves | 133 | €506,622 | €581,582 | +€74,960 | +14.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €89,042 | €117,998 | +€28,956 | +32.5% |
| Amounts payable within one year | 42/48 | €89,042 | €117,998 | +€28,956 | +32.5% |
| Trade debts | 44 | €128 | €5,540 | +€5,413 | +4,237% |
| Suppliers | 440/4 | €128 | €5,540 | +€5,413 | +4,237% |
| Taxes, remuneration and social security | 45 | €88,915 | €112,458 | +€23,543 | +26.5% |
| Taxes | 450/3 | €88,915 | €109,958 | +€21,043 | +23.7% |
| Remuneration and social security | 454/9 | €0 | €2,500 | +€2,500 | |
| Remuneration, social security and pensions | 62 | €0 | €6,564 | +€6,564 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,085 | €5,740 | +€1,655 | +40.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €2,304 | €1,580 | -€724 | -31.4% |
| Gross operating margin | 9900 | €441,677 | €185,618 | -€256,059 | -58.0% |
| Operating profit (loss) | 9901 | €435,288 | €171,734 | -€263,554 | -60.5% |
| Financial income | 75/76B | €789 | €3,439 | +€2,650 | +336% |
| Recurring financial income | 75 | €789 | €3,439 | +€2,650 | +336% |
| Financial charges | 65/66B | €41,610 | €76,118 | +€34,508 | +82.9% |
| Recurring financial charges | 65 | €41,610 | €76,118 | +€34,508 | +82.9% |
| Profit (loss) for the period before taxes | 9903 | €394,467 | €99,055 | -€295,412 | -74.9% |
| Income taxes | 67/77 | €101,333 | €24,095 | -€77,238 | -76.2% |
| Profit (loss) for the period | 9904 | €293,134 | €74,960 | -€218,174 | -74.4% |
| Profit (loss) for the period to be appropriated | 9905 | €293,134 | €74,960 | -€218,174 | -74.4% |
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 13 October 2026 via checked.be.