JST Management: 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.
JST Management
Largest movements
- Cash +€1,722
up €1,722 (+40.2%), from €4,280 to €6,002
mainly Net result for the year (+€4,368) and Current portion of long-term debt (+€3,256)
- Tangible fixed assets +€1,322
new in 2025: €1,322
of which Furniture and vehicles: +€1,010
- Debts after one year -€5,812
down €5,812 (-24.7%), from €23,515 to €17,702
- Current portion of long-term debt +€3,256
new in 2025: €3,256
- Reserves +€3,000
new in 2025: €3,000
- Profit (loss) carried forward +€1,368
up €1,368 (+140.6%), from €973 to €2,341
- Tax, wage and social debts +€962
up €962 (+8.5%), from €11,298 to €12,259
of which Taxes: +€712
- Gross operating margin +€7,293
up €7,293 (+261.3%), from €2,792 to €10,085
- Financial charges +€3,232
up €3,232 (+706.1%), from €458 to €3,690
- Taxes +€1,200
up €1,200 (+245.3%), from €489 to €1,688
- Staff costs -€872
no longer reported in 2025 (was €872)
- Other operating charges +€226
new in 2025: €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 | €38,355 | €41,399 | +€3,044 | +7.9% |
| Fixed assets | 21/28 | €25,000 | €26,322 | +€1,322 | +5.3% |
| Tangible fixed assets | 22/27 | - | €1,322 | +€1,322 | |
| Plant, machinery and equipment | 23 | - | €312 | +€312 | |
| Furniture and vehicles | 24 | - | €1,010 | +€1,010 | |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €13,355 | €15,077 | +€1,722 | +12.9% |
| Amounts receivable within one year | 40/41 | €9,075 | €9,075 | = | 0.0% |
| Trade receivables | 40 | €9,075 | €9,075 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,280 | €6,002 | +€1,722 | +40.2% |
| Total equity and liabilities | 10/49 | €38,355 | €41,399 | +€3,044 | +7.9% |
| Equity | 10/15 | €3,473 | €7,841 | +€4,368 | +125.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | - | €3,000 | +€3,000 | |
| Distributable reserves | 133 | - | €3,000 | +€3,000 | |
| Profit (loss) carried forward | 14 | €973 | €2,341 | +€1,368 | +140.6% |
| Amounts payable | 17/49 | €34,882 | €33,559 | -€1,324 | -3.8% |
| Amounts payable after more than one year | 17 | €23,515 | €17,702 | -€5,812 | -24.7% |
| Financial debts | 170/4 | €23,515 | €17,702 | -€5,812 | -24.7% |
| Amounts payable within one year | 42/48 | €11,368 | €15,856 | +€4,488 | +39.5% |
| Current portion of amounts payable after more than one year | 42 | - | €3,256 | +€3,256 | |
| Taxes, remuneration and social security | 45 | €11,298 | €12,259 | +€962 | +8.5% |
| Taxes | 450/3 | €8,248 | €8,959 | +€712 | +8.6% |
| Remuneration and social security | 454/9 | €3,050 | €3,300 | +€250 | +8.2% |
| Other amounts payable | 47/48 | €70 | €340 | +€270 | +384.4% |
| Remuneration, social security and pensions | 62 | €872 | - | -€872 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €112 | +€112 | |
| Other operating charges | 640/8 | - | €226 | +€226 | |
| Gross operating margin | 9900 | €2,792 | €10,085 | +€7,293 | +261.3% |
| Operating profit (loss) | 9901 | €1,920 | €9,746 | +€7,827 | +407.7% |
| Financial charges | 65/66B | €458 | €3,690 | +€3,232 | +706.1% |
| Recurring financial charges | 65 | €458 | €3,690 | +€3,232 | +706.1% |
| Profit (loss) for the period before taxes | 9903 | €1,462 | €6,056 | +€4,595 | +314.3% |
| Income taxes | 67/77 | €489 | €1,688 | +€1,200 | +245.3% |
| Profit (loss) for the period | 9904 | €973 | €4,368 | +€3,395 | +349.0% |
| Profit (loss) for the period to be appropriated | 9905 | €973 | €4,368 | +€3,395 | +349.0% |
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 2 October 2026 via checked.be.