JSV: what changed
JSV
Largest movements
- Cash +€64,126
up €64,126 (+107%), from €59,886 to €124,012
mainly Depreciation (+€66,236) and Net result for the year (+€52,207)
- Tangible fixed assets +€57,233
up €57,233 (+16.3%), from €350,309 to €407,542
of which Plant, machinery and equipment: +€56,537
- Receivables within one year +€7,009
up €7,009 (+965%), from €726 to €7,735
of which Other amounts receivable: +€7,536
- Profit (loss) carried forward +€52,207
up €52,207 (+33.6%), from €155,210 to €207,417
- Debts after one year +€46,389
up €46,389 (+35.7%), from €129,909 to €176,298
- Trade debts +€30,302
up €30,302 (+261%), from €11,608 to €41,910
- Other debts -€6,679
no longer reported in 2025 (was €6,679)
- Current portion of long-term debt +€5,761
up €5,761 (+13.4%), from €42,850 to €48,611
- Gross operating margin +€25,396
up €25,396 (+22.1%), from €115,160 to €140,556
- Taxes +€4,823
up €4,823 (+45.6%), from €10,572 to €15,395
- Financial charges -€1,631
down €1,631 (-26.5%), from €6,159 to €4,529
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €416,323 | €544,303 | +€127,980 | +30.7% |
| Fixed assets | 21/28 | €350,309 | €407,542 | +€57,233 | +16.3% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €350,309 | €407,542 | +€57,233 | +16.3% |
| Land and buildings | 22 | €235,452 | €271,238 | +€35,786 | +15.2% |
| Plant, machinery and equipment | 23 | €9,022 | €65,558 | +€56,537 | +627% |
| Furniture and vehicles | 24 | €95,668 | €60,578 | -€35,090 | -36.7% |
| Other tangible fixed assets | 26 | €10,168 | €10,168 | = | 0.0% |
| Current assets | 29/58 | €66,014 | €136,761 | +€70,747 | +107% |
| Stocks and contracts in progress | 3 | €5,402 | €5,014 | -€388 | -7.2% |
| Stocks | 30/36 | €5,402 | €5,014 | -€388 | -7.2% |
| Amounts receivable within one year | 40/41 | €726 | €7,735 | +€7,009 | +965% |
| Trade receivables | 40 | €726 | €199 | -€527 | -72.5% |
| Other amounts receivable | 41 | €0 | €7,536 | +€7,536 | |
| Cash at bank and in hand | 54/58 | €59,886 | €124,012 | +€64,126 | +107% |
| Total equity and liabilities | 10/49 | €416,323 | €544,303 | +€127,980 | +30.7% |
| Equity | 10/15 | €222,044 | €274,251 | +€52,207 | +23.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €46,834 | €46,834 | = | 0.0% |
| Distributable reserves | 133 | €46,834 | €46,834 | = | 0.0% |
| Profit (loss) carried forward | 14 | €155,210 | €207,417 | +€52,207 | +33.6% |
| Amounts payable | 17/49 | €194,279 | €270,052 | +€75,773 | +39.0% |
| Amounts payable after more than one year | 17 | €129,909 | €176,298 | +€46,389 | +35.7% |
| Financial debts | 170/4 | €129,909 | €176,298 | +€46,389 | +35.7% |
| Amounts payable within one year | 42/48 | €64,370 | €93,754 | +€29,385 | +45.6% |
| Current portion of amounts payable after more than one year | 42 | €42,850 | €48,611 | +€5,761 | +13.4% |
| Trade debts | 44 | €11,608 | €41,910 | +€30,302 | +261% |
| Suppliers | 440/4 | €11,608 | €41,910 | +€30,302 | +261% |
| Taxes, remuneration and social security | 45 | €3,233 | €3,233 | = | 0.0% |
| Remuneration and social security | 454/9 | €3,233 | €3,233 | = | 0.0% |
| Other amounts payable | 47/48 | €6,679 | - | -€6,679 | |
| Remuneration, social security and pensions | 62 | - | €387 | +€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,289 | €66,236 | -€53 | -0.1% |
| Other operating charges | 640/8 | €2,281 | €1,803 | -€479 | -21.0% |
| Gross operating margin | 9900 | €115,160 | €140,556 | +€25,396 | +22.1% |
| Operating profit (loss) | 9901 | €46,590 | €72,130 | +€25,540 | +54.8% |
| Financial income | 75/76B | €153 | - | -€153 | |
| Recurring financial income | 75 | €153 | - | -€153 | |
| Financial charges | 65/66B | €6,159 | €4,529 | -€1,631 | -26.5% |
| Recurring financial charges | 65 | €6,159 | €4,529 | -€1,631 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | €40,584 | €67,602 | +€27,018 | +66.6% |
| Income taxes | 67/77 | €10,572 | €15,395 | +€4,823 | +45.6% |
| Profit (loss) for the period | 9904 | €30,012 | €52,207 | +€22,195 | +74.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,012 | €52,207 | +€22,195 | +74.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.