JSR: 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.
JSR
Largest movements
- Cash +€36,119
up €36,119 (+28.5%), from €126,534 to €162,652
mainly Investment in fixed assets (net) (+€15,947) and Net result for the year (+€8,729)
- Tangible fixed assets -€17,160
down €17,160 (-95.5%), from €17,967 to €807
of which Furniture and vehicles: -€16,560
- Receivables within one year -€4,382
down €4,382 (-49.9%), from €8,777 to €4,395
of which Other amounts receivable: -€3,574
- Reserves +€8,729
up €8,729 (+4.1%), from €213,426 to €222,155
- Depreciation -€2,762
down €2,762 (-69.5%), from €3,975 to €1,213
- Financial income +€1,440
up €1,440 (+10.0%), from €14,430 to €15,869
- Gross operating margin -€1,100
down €1,100 (-32.7%), from €3,368 to €2,268
- Taxes +€775
up €775 (+21.0%), from €3,687 to €4,461
- Financial charges +€765
up €765 (+32.0%), from €2,392 to €3,157
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 | €335,371 | €348,011 | +€12,640 | +3.8% |
| Fixed assets | 21/28 | €17,967 | €807 | -€17,160 | -95.5% |
| Tangible fixed assets | 22/27 | €17,967 | €807 | -€17,160 | -95.5% |
| Plant, machinery and equipment | 23 | €847 | €247 | -€600 | -70.9% |
| Furniture and vehicles | 24 | €17,121 | €561 | -€16,560 | -96.7% |
| Current assets | 29/58 | €317,404 | €347,204 | +€29,800 | +9.4% |
| Amounts receivable after more than one year | 29 | €179,989 | €179,989 | = | 0.0% |
| Other amounts receivable | 291 | €179,989 | €179,989 | = | 0.0% |
| Stocks and contracts in progress | 3 | €152 | €152 | = | 0.0% |
| Stocks | 30/36 | €152 | €152 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €8,777 | €4,395 | -€4,382 | -49.9% |
| Trade receivables | 40 | €2,141 | €1,333 | -€808 | -37.7% |
| Other amounts receivable | 41 | €6,635 | €3,062 | -€3,574 | -53.9% |
| Cash at bank and in hand | 54/58 | €126,534 | €162,652 | +€36,119 | +28.5% |
| Deferred charges and accrued income | 490/1 | €1,953 | €16 | -€1,937 | -99.2% |
| Total equity and liabilities | 10/49 | €335,371 | €348,011 | +€12,640 | +3.8% |
| Equity | 10/15 | €288,426 | €297,155 | +€8,729 | +3.0% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €213,426 | €222,155 | +€8,729 | +4.1% |
| Distributable reserves | 133 | €213,426 | €222,155 | +€8,729 | +4.1% |
| Amounts payable | 17/49 | €46,945 | €50,856 | +€3,911 | +8.3% |
| Amounts payable after more than one year | 17 | €39,797 | €40,603 | +€807 | +2.0% |
| Financial debts | 170/4 | €2,025 | €0 | -€2,025 | -100% |
| Other amounts payable | 178/9 | €37,771 | €40,603 | +€2,832 | +7.5% |
| Amounts payable within one year | 42/48 | €4,875 | €5,014 | +€139 | +2.8% |
| Financial debts | 43 | €3,975 | €2,041 | -€1,934 | -48.7% |
| Credit institutions | 430/8 | €3,975 | €2,041 | -€1,934 | -48.7% |
| Trade debts | 44 | €163 | €603 | +€441 | +271% |
| Suppliers | 440/4 | €163 | €603 | +€441 | +271% |
| Taxes, remuneration and social security | 45 | €738 | €2,370 | +€1,632 | +221% |
| Taxes | 450/3 | €738 | €2,370 | +€1,632 | +221% |
| Accrued charges and deferred income | 492/3 | €2,273 | €5,239 | +€2,965 | +130% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,975 | €1,213 | -€2,762 | -69.5% |
| Other operating charges | 640/8 | €556 | €578 | +€21 | +3.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €3,368 | €2,268 | -€1,100 | -32.7% |
| Operating profit (loss) | 9901 | -€1,163 | €478 | +€1,641 | |
| Financial income | 75/76B | €14,430 | €15,869 | +€1,440 | +10.0% |
| Recurring financial income | 75 | €14,430 | €15,869 | +€1,440 | +10.0% |
| Financial charges | 65/66B | €2,392 | €3,157 | +€765 | +32.0% |
| Recurring financial charges | 65 | €2,392 | €3,157 | +€765 | +32.0% |
| Profit (loss) for the period before taxes | 9903 | €10,875 | €13,190 | +€2,315 | +21.3% |
| Income taxes | 67/77 | €3,687 | €4,461 | +€775 | +21.0% |
| Profit (loss) for the period | 9904 | €7,188 | €8,729 | +€1,541 | +21.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,188 | €8,729 | +€1,541 | +21.4% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.