JAB: 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.
JAB
Largest movements
- Stocks and contracts -€1.6m
down €1.6m (-33.2%), from €4.9m to €3.3m
- Receivables within one year -€638,539
down €638,539 (-84.2%), from €758,316 to €119,777
of which Trade receivables: -€648,539
- Cash +€57,564
up €57,564 (+555.9%), from €10,356 to €67,920
mainly Stocks and contracts (+€1.6m) and Receivables within one year (+€638,539)
- Short-term financial debts -€2.2m
down €2.2m (-58.2%), from €3.7m to €1.6m
- Profit (loss) carried forward -€112,200
down €112,200 (-10.6%), from €1.1m to €950,119
- Tax, wage and social debts +€60,900
up €60,900 (+87.9%), from €69,300 to €130,200
- Gross operating margin -€348,869
down €348,869 (-97.6%), from €357,288 to €8,419
- Financial charges -€157,840
down €157,840 (-56.9%), from €277,527 to €119,687
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 | €5,706,975 | €3,486,977 | -€2.2m | -38.9% |
| Current assets | 29/58 | €5,706,975 | €3,486,977 | -€2.2m | -38.9% |
| Stocks and contracts in progress | 3 | €4,937,225 | €3,298,193 | -€1.6m | -33.2% |
| Stocks | 30/36 | €4,937,225 | €3,298,193 | -€1.6m | -33.2% |
| Amounts receivable within one year | 40/41 | €758,316 | €119,777 | -€638,539 | -84.2% |
| Trade receivables | 40 | €648,539 | €0 | -€648,539 | -100.0% |
| Other amounts receivable | 41 | €109,777 | €119,777 | +€10,000 | +9.1% |
| Cash at bank and in hand | 54/58 | €10,356 | €67,920 | +€57,564 | +555.9% |
| Deferred charges and accrued income | 490/1 | €1,078 | €1,087 | +€9 | +0.9% |
| Total equity and liabilities | 10/49 | €5,706,975 | €3,486,977 | -€2.2m | -38.9% |
| Equity | 10/15 | €1,128,319 | €1,016,119 | -€112,200 | -9.9% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,062,319 | €950,119 | -€112,200 | -10.6% |
| Amounts payable | 17/49 | €4,578,656 | €2,470,858 | -€2.1m | -46.0% |
| Amounts payable within one year | 42/48 | €4,578,656 | €2,470,858 | -€2.1m | -46.0% |
| Financial debts | 43 | €3,738,540 | €1,561,767 | -€2.2m | -58.2% |
| Credit institutions | 430/8 | €3,738,540 | €1,561,767 | -€2.2m | -58.2% |
| Trade debts | 44 | €0 | €8,625 | +€8,625 | |
| Suppliers | 440/4 | €0 | €8,625 | +€8,625 | |
| Taxes, remuneration and social security | 45 | €69,300 | €130,200 | +€60,900 | +87.9% |
| Taxes | 450/3 | €69,300 | €130,200 | +€60,900 | +87.9% |
| Other amounts payable | 47/48 | €770,816 | €770,266 | -€550 | -0.1% |
| Other operating charges | 640/8 | €1,783 | €1,167 | -€616 | -34.5% |
| Gross operating margin | 9900 | €357,288 | €8,419 | -€348,869 | -97.6% |
| Operating profit (loss) | 9901 | €355,505 | €7,252 | -€348,253 | -98.0% |
| Financial income | 75/76B | €0 | €235 | +€235 | |
| Recurring financial income | 75 | €0 | €235 | +€235 | |
| Financial charges | 65/66B | €277,527 | €119,687 | -€157,840 | -56.9% |
| Recurring financial charges | 65 | €277,527 | €119,687 | -€157,840 | -56.9% |
| Profit (loss) for the period before taxes | 9903 | €77,978 | -€112,200 | -€190,178 | |
| Profit (loss) for the period | 9904 | €77,978 | -€112,200 | -€190,178 | |
| Profit (loss) for the period to be appropriated | 9905 | €77,978 | -€112,200 | -€190,178 |
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 5 October 2026 via checked.be.