JSMED: 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.
JSMED
Largest movements
- Cash +€108,430
up €108,430 (+76.0%), from €142,623 to €251,053
mainly Net result for the year (+€100,244) and Depreciation (+€44,925)
- Tangible fixed assets -€15,587
down €15,587 (-3.4%), from €463,473 to €447,886
of which Land and buildings: -€21,586
- Profit (loss) carried forward +€100,244
up €100,244 (+98.2%), from €102,083 to €202,328
- Debts after one year -€12,247
down €12,247 (-2.6%), from €472,626 to €460,379
- Gross operating margin +€29,244
up €29,244 (+18.0%), from €162,135 to €191,379
- Taxes +€7,134
up €7,134 (+32.3%), from €22,110 to €29,245
- Depreciation +€5,913
up €5,913 (+15.2%), from €39,012 to €44,925
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 | €627,696 | €720,062 | +€92,366 | +14.7% |
| Fixed assets | 21/28 | €464,473 | €448,886 | -€15,587 | -3.4% |
| Tangible fixed assets | 22/27 | €463,473 | €447,886 | -€15,587 | -3.4% |
| Land and buildings | 22 | €450,375 | €428,789 | -€21,586 | -4.8% |
| Furniture and vehicles | 24 | €13,098 | €19,097 | +€5,999 | +45.8% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €163,224 | €271,177 | +€107,953 | +66.1% |
| Amounts receivable within one year | 40/41 | €13,751 | €10,843 | -€2,908 | -21.1% |
| Trade receivables | 40 | €8,338 | €9,518 | +€1,180 | +14.1% |
| Other amounts receivable | 41 | €5,413 | €1,326 | -€4,088 | -75.5% |
| Cash at bank and in hand | 54/58 | €142,623 | €251,053 | +€108,430 | +76.0% |
| Deferred charges and accrued income | 490/1 | €6,849 | €9,281 | +€2,432 | +35.5% |
| Total equity and liabilities | 10/49 | €627,696 | €720,062 | +€92,366 | +14.7% |
| Equity | 10/15 | €107,083 | €207,328 | +€100,244 | +93.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,083 | €202,328 | +€100,244 | +98.2% |
| Amounts payable | 17/49 | €520,613 | €512,735 | -€7,878 | -1.5% |
| Amounts payable after more than one year | 17 | €472,626 | €460,379 | -€12,247 | -2.6% |
| Financial debts | 170/4 | €472,626 | €460,379 | -€12,247 | -2.6% |
| Amounts payable within one year | 42/48 | €47,987 | €52,356 | +€4,368 | +9.1% |
| Current portion of amounts payable after more than one year | 42 | €13,558 | €12,247 | -€1,311 | -9.7% |
| Trade debts | 44 | €8,699 | €8,628 | -€70 | -0.8% |
| Suppliers | 440/4 | €8,699 | €8,628 | -€70 | -0.8% |
| Taxes, remuneration and social security | 45 | €25,000 | €28,714 | +€3,713 | +14.9% |
| Taxes | 450/3 | €25,000 | €28,714 | +€3,713 | +14.9% |
| Other amounts payable | 47/48 | €731 | €2,767 | +€2,036 | +278.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,012 | €44,925 | +€5,913 | +15.2% |
| Other operating charges | 640/8 | €2,870 | €2,712 | -€158 | -5.5% |
| Gross operating margin | 9900 | €162,135 | €191,379 | +€29,244 | +18.0% |
| Operating profit (loss) | 9901 | €120,253 | €143,743 | +€23,490 | +19.5% |
| Financial income | 75/76B | €797 | €1,947 | +€1,150 | +144.4% |
| Recurring financial income | 75 | €797 | €1,947 | +€1,150 | +144.4% |
| Financial charges | 65/66B | €16,504 | €16,201 | -€304 | -1.8% |
| Recurring financial charges | 65 | €16,504 | €16,201 | -€304 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €104,545 | €129,489 | +€24,943 | +23.9% |
| Income taxes | 67/77 | €22,110 | €29,245 | +€7,134 | +32.3% |
| Profit (loss) for the period | 9904 | €82,435 | €100,244 | +€17,809 | +21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €82,435 | €100,244 | +€17,809 | +21.6% |
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.