J.R.B.: 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.
J.R.B.
Largest movements
- Cash -€225,254
down €225,254 (-99.5%), from €226,444 to €1,190
mainly Contributions, distributions and other (-€373,416) and Investment in fixed assets (net) (-€70,489)
- Tangible fixed assets +€41,060
up €41,060 (+62.6%), from €65,625 to €106,685
of which Furniture and vehicles: +€25,438
- Profit (loss) carried forward -€185,822
no longer reported in 2025 (was €185,822)
- Other debts -€13,891
down €13,891 (-19.5%), from €71,321 to €57,430
- Tax, wage and social debts +€8,355
up €8,355 (+71.7%), from €11,645 to €20,000
- Trade debts +€4,646
up €4,646 (+62.4%), from €7,449 to €12,095
- Gross operating margin -€211,631
down €211,631 (-43.0%), from €492,281 to €280,650
- Taxes -€57,634
down €57,634 (-49.0%), from €117,634 to €60,000
- Depreciation +€16,249
up €16,249 (+123%), from €13,180 to €29,429
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 | €294,837 | €108,125 | -€186,712 | -63.3% |
| Fixed assets | 21/28 | €65,875 | €106,935 | +€41,060 | +62.3% |
| Tangible fixed assets | 22/27 | €65,625 | €106,685 | +€41,060 | +62.6% |
| Furniture and vehicles | 24 | €37,779 | €63,217 | +€25,438 | +67.3% |
| Other tangible fixed assets | 26 | €27,846 | €43,468 | +€15,622 | +56.1% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €228,962 | €1,190 | -€227,772 | -99.5% |
| Cash at bank and in hand | 54/58 | €226,444 | €1,190 | -€225,254 | -99.5% |
| Deferred charges and accrued income | 490/1 | €2,518 | - | -€2,518 | |
| Total equity and liabilities | 10/49 | €294,837 | €108,125 | -€186,712 | -63.3% |
| Equity | 10/15 | €204,422 | €18,600 | -€185,822 | -90.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €185,822 | - | -€185,822 | |
| Amounts payable | 17/49 | €90,415 | €89,525 | -€890 | -1.0% |
| Amounts payable within one year | 42/48 | €90,415 | €89,525 | -€890 | -1.0% |
| Trade debts | 44 | €7,449 | €12,095 | +€4,646 | +62.4% |
| Suppliers | 440/4 | €7,449 | €12,095 | +€4,646 | +62.4% |
| Taxes, remuneration and social security | 45 | €11,645 | €20,000 | +€8,355 | +71.7% |
| Taxes | 450/3 | €11,645 | €20,000 | +€8,355 | +71.7% |
| Other amounts payable | 47/48 | €71,321 | €57,430 | -€13,891 | -19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,180 | €29,429 | +€16,249 | +123% |
| Other operating charges | 640/8 | €2,738 | €1,328 | -€1,410 | -51.5% |
| Gross operating margin | 9900 | €492,281 | €280,650 | -€211,631 | -43.0% |
| Operating profit (loss) | 9901 | €476,363 | €249,893 | -€226,470 | -47.5% |
| Financial charges | 65/66B | €2,619 | €2,299 | -€320 | -12.2% |
| Recurring financial charges | 65 | €2,619 | €2,299 | -€320 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €473,744 | €247,594 | -€226,150 | -47.7% |
| Income taxes | 67/77 | €117,634 | €60,000 | -€57,634 | -49.0% |
| Profit (loss) for the period | 9904 | €356,110 | €187,594 | -€168,516 | -47.3% |
| Profit (loss) for the period to be appropriated | 9905 | €356,110 | €187,594 | -€168,516 | -47.3% |
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 16 October 2026 via checked.be.