JSMN: what changed
Two fiscal 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.
JSMN
Largest movements
- Tangible fixed assets -€17,757
down €17,757 (-17.7%), from €100,386 to €82,629
of which Furniture and vehicles: -€12,043
- Cash +€2,204
up €2,204 (+57.2%), from €3,855 to €6,059
mainly Depreciation (+€12,868) and Trade debts (+€8,533)
- Receivables within one year -€1,918
down €1,918 (-8.1%), from €23,548 to €21,630
of which Trade receivables: -€2,695
- Debts after one year -€19,610
down €19,610 (-27.6%), from €71,041 to €51,431
- Trade debts +€8,533
up €8,533 (+1765.6%), from €483 to €9,017
- Other debts -€7,128
down €7,128 (-15.3%), from €46,737 to €39,609
- Tax, wage and social debts -€5,233
down €5,233 (-50.0%), from €10,459 to €5,227
of which Taxes: -€5,457
- Profit (loss) carried forward +€4,413
up €4,413 (+49.4%), from -€8,941 to -€4,528
- Gross operating margin +€75,601
up €75,601 (+318.5%), from €23,735 to €99,337
- Staff costs +€6,759
up €6,759 (+61.3%), from €11,018 to €17,777
- Other operating charges -€4,153
down €4,153 (-84.4%), from €4,918 to €765
- Financial charges +€1,060
up €1,060 (+33.5%), from €3,166 to €4,226
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 | €144,103 | €125,905 | -€18,198 | -12.6% |
| Fixed assets | 21/28 | €103,280 | €84,980 | -€18,300 | -17.7% |
| Intangible fixed assets | 21 | €2,894 | €2,351 | -€543 | -18.8% |
| Tangible fixed assets | 22/27 | €100,386 | €82,629 | -€17,757 | -17.7% |
| Plant, machinery and equipment | 23 | €32,276 | €26,562 | -€5,714 | -17.7% |
| Furniture and vehicles | 24 | €68,110 | €56,067 | -€12,043 | -17.7% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €40,824 | €40,925 | +€102 | +0.2% |
| Stocks and contracts in progress | 3 | €11,677 | €12,699 | +€1,022 | +8.8% |
| Stocks | 30/36 | €11,677 | €12,699 | +€1,022 | +8.8% |
| Amounts receivable within one year | 40/41 | €23,548 | €21,630 | -€1,918 | -8.1% |
| Trade receivables | 40 | €23,548 | €20,853 | -€2,695 | -11.4% |
| Other amounts receivable | 41 | - | €777 | +€777 | |
| Cash at bank and in hand | 54/58 | €3,855 | €6,059 | +€2,204 | +57.2% |
| Deferred charges and accrued income | 490/1 | €1,743 | €537 | -€1,207 | -69.2% |
| Total equity and liabilities | 10/49 | €144,103 | €125,905 | -€18,198 | -12.6% |
| Equity | 10/15 | -€2,441 | €1,972 | +€4,413 | |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,941 | -€4,528 | +€4,413 | +49.4% |
| Amounts payable | 17/49 | €146,544 | €123,933 | -€22,611 | -15.4% |
| Amounts payable after more than one year | 17 | €71,041 | €51,431 | -€19,610 | -27.6% |
| Financial debts | 170/4 | €71,041 | €51,431 | -€19,610 | -27.6% |
| Amounts payable within one year | 42/48 | €75,363 | €72,443 | -€2,921 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €17,684 | €18,590 | +€907 | +5.1% |
| Trade debts | 44 | €483 | €9,017 | +€8,533 | +1765.6% |
| Suppliers | 440/4 | €483 | €9,017 | +€8,533 | +1765.6% |
| Taxes, remuneration and social security | 45 | €10,459 | €5,227 | -€5,233 | -50.0% |
| Taxes | 450/3 | €8,182 | €2,725 | -€5,457 | -66.7% |
| Remuneration and social security | 454/9 | €2,277 | €2,502 | +€225 | +9.9% |
| Other amounts payable | 47/48 | €46,737 | €39,609 | -€7,128 | -15.3% |
| Accrued charges and deferred income | 492/3 | €140 | €60 | -€80 | -57.0% |
| Non-recurring operating income | 76A | - | €1,199 | +€1,199 | |
| Remuneration, social security and pensions | 62 | €11,018 | €17,777 | +€6,759 | +61.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,887 | €12,868 | -€19 | -0.1% |
| Other operating charges | 640/8 | €4,918 | €765 | -€4,153 | -84.4% |
| Non-recurring operating charges | 66A | - | €58,370 | +€58,370 | |
| Gross operating margin | 9900 | €23,735 | €99,337 | +€75,601 | +318.5% |
| Operating profit (loss) | 9901 | -€5,088 | €9,556 | +€14,644 | |
| Financial charges | 65/66B | €3,166 | €4,226 | +€1,060 | +33.5% |
| Recurring financial charges | 65 | €3,166 | €4,226 | +€1,060 | +33.5% |
| Profit (loss) for the period before taxes | 9903 | -€8,255 | €5,330 | +€13,584 | |
| Income taxes | 67/77 | €372 | €917 | +€546 | +146.8% |
| Profit (loss) for the period | 9904 | -€8,626 | €4,413 | +€13,039 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,626 | €4,413 | +€13,039 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.