JSV Welding: 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.
JSV Welding
Largest movements
- Stocks and contracts +€8,312
up €8,312 (+14.8%), from €56,319 to €64,631
- Intangible fixed assets -€8,143
down €8,143 (-34.4%), from €23,650 to €15,507
- Receivables within one year +€3,555
up €3,555 (+28.6%), from €12,452 to €16,007
of which Trade receivables: +€4,324
- Cash -€2,594
down €2,594 (-45.0%), from €5,763 to €3,169
mainly Other debts (-€10,050) and Stocks and contracts (-€8,312)
- Tangible fixed assets -€2,225
down €2,225 (-15.7%), from €14,155 to €11,931
of which Plant, machinery and equipment: -€4,268
- Other debts -€10,050
down €10,050 (-100.0%), from €10,050 to €0
- Profit (loss) carried forward +€4,397
up €4,397 (+134.5%), from €3,269 to €7,666
- Advances received +€4,369
up €4,369 (+47.8%), from €9,149 to €13,518
- Trade debts -€1,175
down €1,175 (-20.3%), from €5,786 to €4,611
- Gross operating margin +€5,982
up €5,982 (+37.2%), from €16,099 to €22,081
- Financial income -€3,474
down €3,474 (-92.1%), from €3,771 to €297
- Taxes +€994
up €994 (+976.0%), from €102 to €1,095
- Other operating charges -€961
down €961 (-29.5%), from €3,263 to €2,302
- Depreciation +€454
up €454 (+3.4%), from €13,346 to €13,800
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 | €112,608 | €111,245 | -€1,363 | -1.2% |
| Fixed assets | 21/28 | €37,805 | €27,438 | -€10,367 | -27.4% |
| Intangible fixed assets | 21 | €23,650 | €15,507 | -€8,143 | -34.4% |
| Tangible fixed assets | 22/27 | €14,155 | €11,931 | -€2,225 | -15.7% |
| Plant, machinery and equipment | 23 | €8,853 | €4,585 | -€4,268 | -48.2% |
| Furniture and vehicles | 24 | €613 | €306 | -€306 | -50.0% |
| Other tangible fixed assets | 26 | €4,689 | €7,039 | +€2,350 | +50.1% |
| Current assets | 29/58 | €74,803 | €83,807 | +€9,005 | +12.0% |
| Stocks and contracts in progress | 3 | €56,319 | €64,631 | +€8,312 | +14.8% |
| Stocks | 30/36 | €56,319 | €64,631 | +€8,312 | +14.8% |
| Amounts receivable within one year | 40/41 | €12,452 | €16,007 | +€3,555 | +28.6% |
| Trade receivables | 40 | €1,671 | €5,995 | +€4,324 | +258.7% |
| Other amounts receivable | 41 | €10,781 | €10,012 | -€768 | -7.1% |
| Cash at bank and in hand | 54/58 | €5,763 | €3,169 | -€2,594 | -45.0% |
| Deferred charges and accrued income | 490/1 | €269 | €0 | -€269 | -100.0% |
| Total equity and liabilities | 10/49 | €112,608 | €111,245 | -€1,363 | -1.2% |
| Equity | 10/15 | €83,170 | €87,566 | +€4,397 | +5.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €61,300 | €61,300 | = | 0.0% |
| Distributable reserves | 133 | €61,300 | €61,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,269 | €7,666 | +€4,397 | +134.5% |
| Amounts payable | 17/49 | €29,438 | €23,678 | -€5,760 | -19.6% |
| Amounts payable within one year | 42/48 | €29,438 | €23,678 | -€5,760 | -19.6% |
| Trade debts | 44 | €5,786 | €4,611 | -€1,175 | -20.3% |
| Suppliers | 440/4 | €5,786 | €4,611 | -€1,175 | -20.3% |
| Advances received on contracts in progress | 46 | €9,149 | €13,518 | +€4,369 | +47.8% |
| Taxes, remuneration and social security | 45 | €4,454 | €5,549 | +€1,095 | +24.6% |
| Taxes | 450/3 | €4,454 | €5,549 | +€1,095 | +24.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €10,050 | €0 | -€10,050 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,346 | €13,800 | +€454 | +3.4% |
| Other operating charges | 640/8 | €3,263 | €2,302 | -€961 | -29.5% |
| Non-recurring operating charges | 66A | €1,929 | €0 | -€1,929 | -100.0% |
| Gross operating margin | 9900 | €16,099 | €22,081 | +€5,982 | +37.2% |
| Operating profit (loss) | 9901 | -€2,440 | €5,978 | +€8,419 | |
| Financial income | 75/76B | €3,771 | €297 | -€3,474 | -92.1% |
| Recurring financial income | 75 | €3,771 | €297 | -€3,474 | -92.1% |
| Financial charges | 65/66B | €551 | €783 | +€231 | +41.9% |
| Recurring financial charges | 65 | €551 | €783 | +€231 | +41.9% |
| Profit (loss) for the period before taxes | 9903 | €779 | €5,492 | +€4,713 | +605.0% |
| Income taxes | 67/77 | €102 | €1,095 | +€994 | +976.0% |
| Profit (loss) for the period | 9904 | €677 | €4,397 | +€3,720 | +549.3% |
| Profit (loss) for the period to be appropriated | 9905 | €677 | €4,397 | +€3,720 | +549.3% |
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 12 October 2026 via checked.be.