JSX: 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.
JSX
Largest movements
- Cash +€130,235
up €130,235 (+178.0%), from €73,163 to €203,398
mainly Net result for the year (+€149,574) and Receivables within one year (+€24,430)
- Current investments +€30,000
new in 2025: €30,000
- Receivables within one year -€24,430
down €24,430 (-37.4%), from €65,316 to €40,886
of which Trade receivables: -€65,191
- Financial fixed assets -€22,636
down €22,636 (-99.6%), from €22,728 to €92
- Tangible fixed assets +€9,605
up €9,605 (+98.6%), from €9,745 to €19,351
of which Land and buildings: +€11,790
- Profit (loss) carried forward +€149,574
up €149,574 (+180.2%), from €83,022 to €232,596
- Other debts -€23,934
down €23,934 (-91.2%), from €26,245 to €2,311
- Tax, wage and social debts -€4,060
down €4,060 (-17.8%), from €22,835 to €18,775
of which Taxes: -€22,835
- Gross operating margin +€54,775
up €54,775 (+48.7%), from €112,488 to €167,264
- Financial income +€50,280
up €50,280 (+12105.8%), from €415 to €50,696
- Provisions -€35,800
down €35,800 (-100.0%), from €35,800 to €0
- Financial charges +€33,575
up €33,575 (+31508.1%), from €107 to €33,682
- Taxes +€4,465
up €4,465 (+18.6%), from €24,060 to €28,526
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 | €171,223 | €294,157 | +€122,934 | +71.8% |
| Fixed assets | 21/28 | €32,473 | €19,442 | -€13,031 | -40.1% |
| Tangible fixed assets | 22/27 | €9,745 | €19,351 | +€9,605 | +98.6% |
| Land and buildings | 22 | - | €11,790 | +€11,790 | |
| Other tangible fixed assets | 26 | €9,745 | €7,560 | -€2,185 | -22.4% |
| Financial fixed assets | 28 | €22,728 | €92 | -€22,636 | -99.6% |
| Current assets | 29/58 | €138,750 | €274,715 | +€135,964 | +98.0% |
| Amounts receivable within one year | 40/41 | €65,316 | €40,886 | -€24,430 | -37.4% |
| Trade receivables | 40 | €65,191 | - | -€65,191 | |
| Other amounts receivable | 41 | €125 | €40,886 | +€40,761 | +32716.5% |
| Current investments | 50/53 | - | €30,000 | +€30,000 | |
| Cash at bank and in hand | 54/58 | €73,163 | €203,398 | +€130,235 | +178.0% |
| Deferred charges and accrued income | 490/1 | €272 | €430 | +€159 | +58.6% |
| Total equity and liabilities | 10/49 | €171,223 | €294,157 | +€122,934 | +71.8% |
| Equity | 10/15 | €86,022 | €235,596 | +€149,574 | +173.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,022 | €232,596 | +€149,574 | +180.2% |
| Provisions and deferred taxes | 16 | €35,800 | €35,800 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €35,800 | €35,800 | = | 0.0% |
| Other liabilities and charges | 164/5 | €35,800 | €35,800 | = | 0.0% |
| Amounts payable | 17/49 | €49,402 | €22,761 | -€26,641 | -53.9% |
| Amounts payable within one year | 42/48 | €49,402 | €22,761 | -€26,641 | -53.9% |
| Trade debts | 44 | €322 | €1,675 | +€1,353 | +420.3% |
| Suppliers | 440/4 | €322 | €1,675 | +€1,353 | +420.3% |
| Taxes, remuneration and social security | 45 | €22,835 | €18,775 | -€4,060 | -17.8% |
| Taxes | 450/3 | €22,835 | - | -€22,835 | |
| Remuneration and social security | 454/9 | - | €18,775 | +€18,775 | |
| Other amounts payable | 47/48 | €26,245 | €2,311 | -€23,934 | -91.2% |
| Remuneration, social security and pensions | 62 | €1,432 | €1,754 | +€322 | +22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,076 | €4,298 | +€3,222 | +299.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €35,800 | €0 | -€35,800 | -100.0% |
| Other operating charges | 640/8 | €63 | €126 | +€63 | +100.3% |
| Gross operating margin | 9900 | €112,488 | €167,264 | +€54,775 | +48.7% |
| Operating profit (loss) | 9901 | €74,118 | €161,085 | +€86,968 | +117.3% |
| Financial income | 75/76B | €415 | €50,696 | +€50,280 | +12105.8% |
| Recurring financial income | 75 | €415 | €50,696 | +€50,280 | +12105.8% |
| Financial charges | 65/66B | €107 | €33,682 | +€33,575 | +31508.1% |
| Recurring financial charges | 65 | €107 | €33,682 | +€33,575 | +31508.1% |
| Profit (loss) for the period before taxes | 9903 | €74,426 | €178,100 | +€103,673 | +139.3% |
| Income taxes | 67/77 | €24,060 | €28,526 | +€4,465 | +18.6% |
| Profit (loss) for the period | 9904 | €50,366 | €149,574 | +€99,208 | +197.0% |
| Profit (loss) for the period to be appropriated | 9905 | €50,366 | €149,574 | +€99,208 | +197.0% |
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 28 September 2026 via checked.be.