J.B.K.: 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.
J.B.K.
Largest movements
- Cash +€65,512
up €65,512 (+61.6%), from €106,331 to €171,843
mainly Net result for the year (+€67,727) and Depreciation (+€19,621)
- Current investments +€31,522
up €31,522 (+12.8%), from €246,448 to €277,969
- Tangible fixed assets -€13,900
down €13,900 (-15.1%), from €91,795 to €77,895
of which Plant, machinery and equipment: -€11,148
- Reserves +€50,000
up €50,000 (+14.4%), from €347,966 to €397,966
- Profit (loss) carried forward +€16,027
up €16,027 (+18.7%), from €85,738 to €101,765
- Tax, wage and social debts +€12,721
up €12,721 (+112.3%), from €11,326 to €24,047
- Gross operating margin +€20,432
up €20,432 (+21.3%), from €96,107 to €116,539
- Depreciation -€10,349
down €10,349 (-34.5%), from €29,969 to €19,621
- Taxes +€5,818
up €5,818 (+27.0%), from €21,551 to €27,369
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 | €503,245 | €580,952 | +€77,707 | +15.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €92,158 | €77,895 | -€14,264 | -15.5% |
| Intangible fixed assets | 21 | €363 | €0 | -€363 | -100.0% |
| Tangible fixed assets | 22/27 | €91,795 | €77,895 | -€13,900 | -15.1% |
| Land and buildings | 22 | €65,620 | €59,830 | -€5,790 | -8.8% |
| Plant, machinery and equipment | 23 | €25,974 | €14,826 | -€11,148 | -42.9% |
| Furniture and vehicles | 24 | €201 | €3,239 | +€3,038 | +1512.1% |
| Current assets | 29/58 | €411,086 | €503,057 | +€91,971 | +22.4% |
| Stocks and contracts in progress | 3 | €55,020 | €50,572 | -€4,448 | -8.1% |
| Stocks | 30/36 | €55,020 | €50,572 | -€4,448 | -8.1% |
| Amounts receivable within one year | 40/41 | €2,485 | €1,607 | -€878 | -35.3% |
| Trade receivables | 40 | €2,215 | €1,607 | -€608 | -27.4% |
| Other amounts receivable | 41 | €270 | - | -€270 | |
| Current investments | 50/53 | €246,448 | €277,969 | +€31,522 | +12.8% |
| Cash at bank and in hand | 54/58 | €106,331 | €171,843 | +€65,512 | +61.6% |
| Deferred charges and accrued income | 490/1 | €803 | €1,066 | +€263 | +32.7% |
| Total equity and liabilities | 10/49 | €503,245 | €580,952 | +€77,707 | +15.4% |
| Equity | 10/15 | €452,296 | €518,324 | +€66,027 | +14.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €347,966 | €397,966 | +€50,000 | +14.4% |
| Distributable reserves | 133 | €347,966 | €397,966 | +€50,000 | +14.4% |
| Profit (loss) carried forward | 14 | €85,738 | €101,765 | +€16,027 | +18.7% |
| Amounts payable | 17/49 | €50,948 | €62,628 | +€11,680 | +22.9% |
| Amounts payable within one year | 42/48 | €50,948 | €62,628 | +€11,680 | +22.9% |
| Trade debts | 44 | €4,027 | €7,211 | +€3,184 | +79.1% |
| Suppliers | 440/4 | €4,027 | €7,211 | +€3,184 | +79.1% |
| Taxes, remuneration and social security | 45 | €11,326 | €24,047 | +€12,721 | +112.3% |
| Taxes | 450/3 | €11,326 | €24,047 | +€12,721 | +112.3% |
| Other amounts payable | 47/48 | €35,595 | €31,370 | -€4,225 | -11.9% |
| Non-recurring operating income | 76A | €2,180 | €3,361 | +€1,181 | +54.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,969 | €19,621 | -€10,349 | -34.5% |
| Other operating charges | 640/8 | €3,169 | €3,206 | +€37 | +1.2% |
| Gross operating margin | 9900 | €96,107 | €116,539 | +€20,432 | +21.3% |
| Operating profit (loss) | 9901 | €62,970 | €93,713 | +€30,744 | +48.8% |
| Financial income | 75/76B | €3,433 | €2,502 | -€931 | -27.1% |
| Recurring financial income | 75 | €3,433 | €2,502 | -€931 | -27.1% |
| Financial charges | 65/66B | €1,311 | €1,119 | -€192 | -14.7% |
| Recurring financial charges | 65 | €1,311 | €1,119 | -€192 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €65,091 | €95,096 | +€30,005 | +46.1% |
| Income taxes | 67/77 | €21,551 | €27,369 | +€5,818 | +27.0% |
| Profit (loss) for the period | 9904 | €43,540 | €67,727 | +€24,188 | +55.6% |
| Profit (loss) for the period to be appropriated | 9905 | €43,540 | €67,727 | +€24,188 | +55.6% |
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 6 October 2026 via checked.be.