JSM CONSULTING: 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.
JSM CONSULTING
Largest movements
- Receivables within one year +€637,809
up €637,809 (+200%), from €318,534 to €956,343
of which Trade receivables: +€564,274
- Cash -€196,255
down €196,255 (-92.5%), from €212,112 to €15,857
mainly Contributions, distributions and other (-€2.0m) and Receivables within one year (-€637,809)
- Tax, wage and social debts +€596,752
up €596,752 (+172%), from €346,520 to €943,272
- Other debts -€168,666
no longer reported in 2025 (was €168,666)
- Profit (loss) carried forward +€17,452
new in 2025: €17,452
- Gross operating margin +€1.1m
up €1.1m (+62.5%), from €1.7m to €2.7m
- Taxes +€308,050
up €308,050 (+73.4%), from €419,807 to €727,856
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 | €545,325 | €983,628 | +€438,303 | +80.4% |
| Fixed assets | 21/28 | €14,637 | €9,214 | -€5,423 | -37.1% |
| Tangible fixed assets | 22/27 | €14,274 | €8,851 | -€5,423 | -38.0% |
| Furniture and vehicles | 24 | €13,491 | €8,068 | -€5,423 | -40.2% |
| Other tangible fixed assets | 26 | €782 | €782 | = | 0.0% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €530,688 | €974,414 | +€443,726 | +83.6% |
| Amounts receivable within one year | 40/41 | €318,534 | €956,343 | +€637,809 | +200% |
| Trade receivables | 40 | €312,529 | €876,804 | +€564,274 | +181% |
| Other amounts receivable | 41 | €6,005 | €79,539 | +€73,534 | +1,225% |
| Cash at bank and in hand | 54/58 | €212,112 | €15,857 | -€196,255 | -92.5% |
| Deferred charges and accrued income | 490/1 | €41 | €2,214 | +€2,172 | +5,253% |
| Total equity and liabilities | 10/49 | €545,325 | €983,628 | +€438,303 | +80.4% |
| Equity | 10/15 | €20,460 | €37,912 | +€17,452 | +85.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €17,452 | +€17,452 | |
| Amounts payable | 17/49 | €524,865 | €945,715 | +€420,851 | +80.2% |
| Amounts payable within one year | 42/48 | €524,756 | €945,690 | +€420,934 | +80.2% |
| Trade debts | 44 | €9,570 | €2,418 | -€7,152 | -74.7% |
| Suppliers | 440/4 | €9,570 | €2,418 | -€7,152 | -74.7% |
| Taxes, remuneration and social security | 45 | €346,520 | €943,272 | +€596,752 | +172% |
| Taxes | 450/3 | €346,520 | €943,272 | +€596,752 | +172% |
| Other amounts payable | 47/48 | €168,666 | - | -€168,666 | |
| Accrued charges and deferred income | 492/3 | €108 | €25 | -€83 | -76.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,656 | €5,423 | -€233 | -4.1% |
| Other operating charges | 640/8 | €1,688 | €74 | -€1,614 | -95.6% |
| Gross operating margin | 9900 | €1,691,841 | €2,749,022 | +€1.1m | +62.5% |
| Operating profit (loss) | 9901 | €1,684,498 | €2,743,525 | +€1.1m | +62.9% |
| Financial income | 75/76B | €38 | €2,214 | +€2,176 | +5,791% |
| Recurring financial income | 75 | €38 | €2,214 | +€2,176 | +5,791% |
| Financial charges | 65/66B | €1,188 | €430 | -€758 | -63.8% |
| Recurring financial charges | 65 | €1,188 | €430 | -€758 | -63.8% |
| Profit (loss) for the period before taxes | 9903 | €1,683,347 | €2,745,309 | +€1.1m | +63.1% |
| Income taxes | 67/77 | €419,807 | €727,856 | +€308,050 | +73.4% |
| Profit (loss) for the period | 9904 | €1,263,541 | €2,017,452 | +€753,912 | +59.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,263,541 | €2,017,452 | +€753,912 | +59.7% |
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 25 October 2026 via checked.be.