JSR CONSULT: 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 CONSULT
Largest movements
- Financial fixed assets +€710,000
up €710,000 (+30.2%), from €2.4m to €3.1m
- Cash +€423,406
up €423,406 (+122%), from €346,827 to €770,233
mainly Net result for the year (+€814,692) and Other debts (+€432,313)
- Receivables within one year +€103,475
up €103,475 (+20.6%), from €501,526 to €605,001
of which Other amounts receivable: +€101,410
- Reserves +€814,692
up €814,692 (+58.9%), from €1.4m to €2.2m
of which Distributable reserves: +€814,692
- Other debts +€432,313
up €432,313 (+25.3%), from €1.7m to €2.1m
- Taxes -€94,592
down €94,592, from €42,013 to -€52,578
- Financial charges -€78,511
down €78,511 (-79.1%), from €99,296 to €20,786
of which Non-recurring financial charges: -€70,000
- Financial income +€67,053
up €67,053 (+11.5%), from €583,803 to €650,856
- Gross operating margin -€44,439
down €44,439 (-24.8%), from €179,304 to €134,865
- Other operating charges -€4,201
down €4,201 (-80.8%), from €5,200 to €998
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 | €3,212,918 | €4,460,730 | +€1.2m | +38.8% |
| Fixed assets | 21/28 | €2,358,312 | €3,072,989 | +€714,677 | +30.3% |
| Tangible fixed assets | 22/27 | €5,312 | €9,989 | +€4,677 | +88.0% |
| Furniture and vehicles | 24 | €5,312 | €3,489 | -€1,823 | -34.3% |
| Other tangible fixed assets | 26 | - | €6,500 | +€6,500 | |
| Financial fixed assets | 28 | €2,353,000 | €3,063,000 | +€710,000 | +30.2% |
| Current assets | 29/58 | €854,605 | €1,387,741 | +€533,135 | +62.4% |
| Amounts receivable within one year | 40/41 | €501,526 | €605,001 | +€103,475 | +20.6% |
| Trade receivables | 40 | €59,026 | €61,091 | +€2,065 | +3.5% |
| Other amounts receivable | 41 | €442,500 | €543,910 | +€101,410 | +22.9% |
| Cash at bank and in hand | 54/58 | €346,827 | €770,233 | +€423,406 | +122% |
| Deferred charges and accrued income | 490/1 | €6,253 | €12,507 | +€6,254 | +100% |
| Total equity and liabilities | 10/49 | €3,212,918 | €4,460,730 | +€1.2m | +38.8% |
| Equity | 10/15 | €1,403,952 | €2,218,643 | +€814,692 | +58.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,383,952 | €2,198,643 | +€814,692 | +58.9% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €1,381,952 | €2,196,643 | +€814,692 | +59.0% |
| Amounts payable | 17/49 | €1,808,966 | €2,242,087 | +€433,121 | +23.9% |
| Amounts payable within one year | 42/48 | €1,780,138 | €2,221,236 | +€441,097 | +24.8% |
| Trade debts | 44 | €56,539 | €26,237 | -€30,302 | -53.6% |
| Suppliers | 440/4 | €56,539 | €26,237 | -€30,302 | -53.6% |
| Taxes, remuneration and social security | 45 | €16,418 | €55,503 | +€39,085 | +238% |
| Taxes | 450/3 | €16,418 | €55,503 | +€39,085 | +238% |
| Other amounts payable | 47/48 | €1,707,182 | €2,139,495 | +€432,313 | +25.3% |
| Accrued charges and deferred income | 492/3 | €28,827 | €20,851 | -€7,976 | -27.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,216 | €1,823 | +€607 | +49.9% |
| Other operating charges | 640/8 | €5,200 | €998 | -€4,201 | -80.8% |
| Gross operating margin | 9900 | €179,304 | €134,865 | -€44,439 | -24.8% |
| Operating profit (loss) | 9901 | €172,887 | €132,043 | -€40,844 | -23.6% |
| Financial income | 75/76B | €583,803 | €650,856 | +€67,053 | +11.5% |
| Recurring financial income | 75 | €583,803 | €650,856 | +€67,053 | +11.5% |
| Financial charges | 65/66B | €99,296 | €20,786 | -€78,511 | -79.1% |
| Recurring financial charges | 65 | €29,296 | €20,786 | -€8,511 | -29.1% |
| Non-recurring financial charges | 66B | €70,000 | - | -€70,000 | |
| Profit (loss) for the period before taxes | 9903 | €657,394 | €762,113 | +€104,719 | +15.9% |
| Income taxes | 67/77 | €42,013 | -€52,578 | -€94,592 | |
| Profit (loss) for the period | 9904 | €615,381 | €814,692 | +€199,311 | +32.4% |
| Profit (loss) for the period to be appropriated | 9905 | €615,381 | €814,692 | +€199,311 | +32.4% |
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 14 October 2026 via checked.be.