JSN -ELEC: 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.
JSN -ELEC
Largest movements
- Receivables within one year +€47,664
up €47,664 (+222.1%), from €21,457 to €69,121
of which Trade receivables: +€49,826
- Cash -€11,029
down €11,029 (-61.9%), from €17,807 to €6,778
mainly Receivables within one year (-€47,664) and Tax, wage and social debts (-€4,626)
- Deferred charges and accrued income -€2,264
no longer reported in 2025 (was €2,264)
- Profit (loss) carried forward +€28,390
up €28,390 (+1494.4%), from €1,900 to €30,290
- Current portion of long-term debt +€7,600
new in 2025: €7,600
- Tax, wage and social debts -€4,626
down €4,626 (-62.5%), from €7,396 to €2,770
of which Remuneration and social security: -€2,896
- Other debts +€4,036
up €4,036 (+38.4%), from €10,500 to €14,536
- Trade debts -€2,363
down €2,363 (-11.5%), from €20,475 to €18,113
- Gross operating margin +€26,788
up €26,788 (+34.0%), from €78,693 to €105,481
- Staff costs +€8,187
up €8,187 (+14.8%), from €55,463 to €63,649
- Other operating charges +€3,514
up €3,514 (+1884.2%), from €187 to €3,701
- Taxes +€2,929
up €2,929 (+64.4%), from €4,551 to €7,480
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 | €50,271 | €84,359 | +€34,088 | +67.8% |
| Fixed assets | 21/28 | €6,243 | €5,960 | -€283 | -4.5% |
| Tangible fixed assets | 22/27 | €6,038 | €5,755 | -€283 | -4.7% |
| Furniture and vehicles | 24 | €6,038 | €5,755 | -€283 | -4.7% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €44,028 | €78,399 | +€34,371 | +78.1% |
| Stocks and contracts in progress | 3 | €2,500 | €2,500 | = | 0.0% |
| Stocks | 30/36 | €2,500 | €2,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €21,457 | €69,121 | +€47,664 | +222.1% |
| Trade receivables | 40 | €18,803 | €68,629 | +€49,826 | +265.0% |
| Other amounts receivable | 41 | €2,654 | €492 | -€2,162 | -81.5% |
| Cash at bank and in hand | 54/58 | €17,807 | €6,778 | -€11,029 | -61.9% |
| Deferred charges and accrued income | 490/1 | €2,264 | - | -€2,264 | |
| Total equity and liabilities | 10/49 | €50,271 | €84,359 | +€34,088 | +67.8% |
| Equity | 10/15 | €11,900 | €40,290 | +€28,390 | +238.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,900 | €30,290 | +€28,390 | +1494.4% |
| Amounts payable | 17/49 | €38,372 | €44,069 | +€5,697 | +14.8% |
| Amounts payable within one year | 42/48 | €38,372 | €43,019 | +€4,647 | +12.1% |
| Current portion of amounts payable after more than one year | 42 | - | €7,600 | +€7,600 | |
| Trade debts | 44 | €20,475 | €18,113 | -€2,363 | -11.5% |
| Suppliers | 440/4 | €20,475 | €18,113 | -€2,363 | -11.5% |
| Taxes, remuneration and social security | 45 | €7,396 | €2,770 | -€4,626 | -62.5% |
| Taxes | 450/3 | €4,500 | €2,770 | -€1,730 | -38.4% |
| Remuneration and social security | 454/9 | €2,896 | - | -€2,896 | |
| Other amounts payable | 47/48 | €10,500 | €14,536 | +€4,036 | +38.4% |
| Accrued charges and deferred income | 492/3 | - | €1,050 | +€1,050 | |
| Remuneration, social security and pensions | 62 | €55,463 | €63,649 | +€8,187 | +14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,510 | €2,033 | +€523 | +34.7% |
| Other operating charges | 640/8 | €187 | €3,701 | +€3,514 | +1884.2% |
| Non-recurring operating charges | 66A | €74 | - | -€74 | |
| Gross operating margin | 9900 | €78,693 | €105,481 | +€26,788 | +34.0% |
| Operating profit (loss) | 9901 | €21,460 | €36,098 | +€14,638 | +68.2% |
| Financial charges | 65/66B | €10 | €228 | +€218 | +2202.5% |
| Recurring financial charges | 65 | €10 | €228 | +€218 | +2202.5% |
| Profit (loss) for the period before taxes | 9903 | €21,450 | €35,870 | +€14,420 | +67.2% |
| Income taxes | 67/77 | €4,551 | €7,480 | +€2,929 | +64.4% |
| Profit (loss) for the period | 9904 | €16,900 | €28,390 | +€11,491 | +68.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,900 | €28,390 | +€11,491 | +68.0% |
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 7 October 2026 via checked.be.