JSRL: 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.
JSRL
Largest movements
- Cash +€59,935
up €59,935 (+70.3%), from €85,249 to €145,184
mainly Net result for the year (+€68,626) and Depreciation (+€8,587)
- Receivables within one year +€11,935
up €11,935 (+93.4%), from €12,780 to €24,715
of which Other amounts receivable: +€11,511
- Tangible fixed assets -€8,587
down €8,587 (-23.7%), from €36,202 to €27,615
of which Furniture and vehicles: -€7,304
- Profit (loss) carried forward +€68,626
up €68,626 (+77.2%), from €88,837 to €157,463
- Debts after one year -€4,964
down €4,964 (-36.3%), from €13,673 to €8,710
- Depreciation +€4,924
up €4,924 (+134.4%), from €3,663 to €8,587
- Gross operating margin +€1,334
up €1,334 (+1.4%), from €94,192 to €95,526
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 | €136,315 | €199,733 | +€63,418 | +46.5% |
| Fixed assets | 21/28 | €36,202 | €27,615 | -€8,587 | -23.7% |
| Tangible fixed assets | 22/27 | €36,202 | €27,615 | -€8,587 | -23.7% |
| Plant, machinery and equipment | 23 | €2,356 | €1,073 | -€1,283 | -54.5% |
| Furniture and vehicles | 24 | €33,846 | €26,542 | -€7,304 | -21.6% |
| Current assets | 29/58 | €100,113 | €172,118 | +€72,005 | +71.9% |
| Amounts receivable within one year | 40/41 | €12,780 | €24,715 | +€11,935 | +93.4% |
| Trade receivables | 40 | €12,705 | €13,129 | +€424 | +3.3% |
| Other amounts receivable | 41 | €75 | €11,586 | +€11,511 | +15348.4% |
| Cash at bank and in hand | 54/58 | €85,249 | €145,184 | +€59,935 | +70.3% |
| Deferred charges and accrued income | 490/1 | €2,084 | €2,219 | +€135 | +6.5% |
| Total equity and liabilities | 10/49 | €136,315 | €199,733 | +€63,418 | +46.5% |
| Equity | 10/15 | €90,837 | €159,463 | +€68,626 | +75.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €88,837 | €157,463 | +€68,626 | +77.2% |
| Amounts payable | 17/49 | €45,478 | €40,270 | -€5,208 | -11.5% |
| Amounts payable after more than one year | 17 | €13,673 | €8,710 | -€4,964 | -36.3% |
| Financial debts | 170/4 | €13,673 | €8,710 | -€4,964 | -36.3% |
| Amounts payable within one year | 42/48 | €31,805 | €31,560 | -€244 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €4,776 | €4,964 | +€188 | +3.9% |
| Trade debts | 44 | €934 | €1,181 | +€246 | +26.4% |
| Suppliers | 440/4 | €934 | €1,181 | +€246 | +26.4% |
| Taxes, remuneration and social security | 45 | €25,776 | €25,416 | -€360 | -1.4% |
| Taxes | 450/3 | €25,776 | €25,416 | -€360 | -1.4% |
| Other amounts payable | 47/48 | €318 | - | -€318 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,663 | €8,587 | +€4,924 | +134.4% |
| Other operating charges | 640/8 | €50 | €194 | +€144 | +288.2% |
| Gross operating margin | 9900 | €94,192 | €95,526 | +€1,334 | +1.4% |
| Operating profit (loss) | 9901 | €90,478 | €86,745 | -€3,733 | -4.1% |
| Financial income | 75/76B | - | €263 | +€263 | |
| Recurring financial income | 75 | - | €263 | +€263 | |
| Financial charges | 65/66B | €332 | €780 | +€448 | +134.7% |
| Recurring financial charges | 65 | €332 | €780 | +€448 | +134.7% |
| Profit (loss) for the period before taxes | 9903 | €90,146 | €86,228 | -€3,918 | -4.3% |
| Income taxes | 67/77 | €18,418 | €17,602 | -€816 | -4.4% |
| Profit (loss) for the period | 9904 | €71,728 | €68,626 | -€3,102 | -4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €71,728 | €68,626 | -€3,102 | -4.3% |
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 9 October 2026 via checked.be.