JSW 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.
JSW Consult
Largest movements
- Tangible fixed assets +€342,344
up €342,344 (+449%), from €76,167 to €418,511
of which Land and buildings: +€342,977
- Debts after one year +€429,603
up €429,603 (+8,279%), from €5,189 to €434,792
- Short-term financial debts -€134,201
down €134,201 (-66.1%), from €203,035 to €68,835
- Current portion of long-term debt +€39,405
up €39,405 (+395%), from €9,982 to €49,387
- Profit (loss) carried forward +€19,653
up €19,653 (+9.0%), from €219,231 to €238,885
- Other debts -€11,948
down €11,948 (-21.9%), from €54,556 to €42,608
- Gross operating margin -€5,055
down €5,055 (-8.6%), from €58,589 to €53,534
- Financial charges -€4,333
down €4,333 (-19.2%), from €22,611 to €18,278
- Depreciation +€3,304
up €3,304 (+48.6%), from €6,792 to €10,096
- Other operating charges +€1,755
up €1,755 (+41.5%), from €4,232 to €5,988
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 | €583,097 | €921,390 | +€338,292 | +58.0% |
| Fixed assets | 21/28 | €77,599 | €419,943 | +€342,344 | +441% |
| Tangible fixed assets | 22/27 | €76,167 | €418,511 | +€342,344 | +449% |
| Land and buildings | 22 | €73,246 | €416,223 | +€342,977 | +468% |
| Furniture and vehicles | 24 | €2,921 | €2,289 | -€633 | -21.7% |
| Financial fixed assets | 28 | €1,431 | €1,431 | = | 0.0% |
| Current assets | 29/58 | €505,499 | €501,447 | -€4,052 | -0.8% |
| Amounts receivable within one year | 40/41 | €499,791 | €497,819 | -€1,972 | -0.4% |
| Trade receivables | 40 | €33,184 | €17,125 | -€16,059 | -48.4% |
| Other amounts receivable | 41 | €466,607 | €480,694 | +€14,087 | +3.0% |
| Cash at bank and in hand | 54/58 | - | €97 | +€97 | |
| Deferred charges and accrued income | 490/1 | €5,708 | €3,531 | -€2,177 | -38.1% |
| Total equity and liabilities | 10/49 | €583,097 | €921,390 | +€338,292 | +58.0% |
| Equity | 10/15 | €272,624 | €292,277 | +€19,653 | +7.2% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €23,392 | €23,392 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | - | -€3,000 | |
| Reserves not available under the articles | 1311 | €3,000 | - | -€3,000 | |
| Distributable reserves | 133 | €20,392 | €23,392 | +€3,000 | +14.7% |
| Profit (loss) carried forward | 14 | €219,231 | €238,885 | +€19,653 | +9.0% |
| Amounts payable | 17/49 | €310,474 | €629,113 | +€318,639 | +103% |
| Amounts payable after more than one year | 17 | €5,189 | €434,792 | +€429,603 | +8,279% |
| Financial debts | 170/4 | €5,189 | €434,792 | +€429,603 | +8,279% |
| Amounts payable within one year | 42/48 | €298,987 | €191,406 | -€107,581 | -36.0% |
| Current portion of amounts payable after more than one year | 42 | €9,982 | €49,387 | +€39,405 | +395% |
| Financial debts | 43 | €203,035 | €68,835 | -€134,201 | -66.1% |
| Credit institutions | 430/8 | €203,035 | €68,835 | -€134,201 | -66.1% |
| Trade debts | 44 | €18,866 | €10,501 | -€8,364 | -44.3% |
| Suppliers | 440/4 | €18,866 | €10,501 | -€8,364 | -44.3% |
| Taxes, remuneration and social security | 45 | €12,548 | €20,076 | +€7,527 | +60.0% |
| Taxes | 450/3 | €12,548 | €20,076 | +€7,527 | +60.0% |
| Other amounts payable | 47/48 | €54,556 | €42,608 | -€11,948 | -21.9% |
| Accrued charges and deferred income | 492/3 | €6,298 | €2,915 | -€3,383 | -53.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,792 | €10,096 | +€3,304 | +48.6% |
| Other operating charges | 640/8 | €4,232 | €5,988 | +€1,755 | +41.5% |
| Gross operating margin | 9900 | €58,589 | €53,534 | -€5,055 | -8.6% |
| Operating profit (loss) | 9901 | €47,565 | €37,450 | -€10,114 | -21.3% |
| Financial income | 75/76B | €10,287 | €10,534 | +€247 | +2.4% |
| Recurring financial income | 75 | €10,287 | €10,534 | +€247 | +2.4% |
| Financial charges | 65/66B | €22,611 | €18,278 | -€4,333 | -19.2% |
| Recurring financial charges | 65 | €22,611 | €18,278 | -€4,333 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | €35,240 | €29,706 | -€5,534 | -15.7% |
| Income taxes | 67/77 | €10,023 | €10,053 | +€30 | +0.3% |
| Profit (loss) for the period | 9904 | €25,217 | €19,653 | -€5,564 | -22.1% |
| Profit (loss) for the period to be appropriated | 9905 | €25,217 | €19,653 | -€5,564 | -22.1% |
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 17 October 2026 via checked.be.