JABE: 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.
JABE
Largest movements
- Cash -€22,585
down €22,585 (-77.9%), from €29,005 to €6,420
mainly Investment in fixed assets (net) (-€23,527) and Tax, wage and social debts (-€23,099)
- Receivables after one year +€18,723
up €18,723 (+11.0%), from €169,723 to €188,446
- Receivables within one year -€12,916
down €12,916 (-38.9%), from €33,209 to €20,292
of which Trade receivables: -€8,022
- Tangible fixed assets +€10,045
up €10,045 (+13.4%), from €74,782 to €84,827
of which Plant, machinery and equipment: +€6,473
- Tax, wage and social debts -€23,099
down €23,099 (-59.5%), from €38,795 to €15,697
of which Taxes: -€21,849
- Other debts +€20,500
up €20,500, from €0 to €20,500
- Trade debts -€10,426
down €10,426 (-90.9%), from €11,468 to €1,042
- Reserves +€6,877
up €6,877 (+2.7%), from €251,473 to €258,350
of which Distributable reserves: +€6,877
- Gross operating margin +€5,718
up €5,718 (+26.8%), from €21,355 to €27,073
- Taxes +€2,676
up €2,676 (+56.7%), from €4,723 to €7,399
- Other operating charges -€1,907
down €1,907 (-52.7%), from €3,616 to €1,709
- Financial charges +€1,884
up €1,884 (+82.4%), from €2,287 to €4,171
- Depreciation +€1,712
up €1,712 (+14.5%), from €11,769 to €13,482
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 | €309,316 | €302,632 | -€6,684 | -2.2% |
| Fixed assets | 21/28 | €75,982 | €86,027 | +€10,045 | +13.2% |
| Tangible fixed assets | 22/27 | €74,782 | €84,827 | +€10,045 | +13.4% |
| Land and buildings | 22 | €622 | €0 | -€622 | -100% |
| Plant, machinery and equipment | 23 | €37,278 | €43,750 | +€6,473 | +17.4% |
| Furniture and vehicles | 24 | €17,838 | €21,166 | +€3,328 | +18.7% |
| Other tangible fixed assets | 26 | €19,044 | €19,911 | +€867 | +4.6% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €233,334 | €216,605 | -€16,729 | -7.2% |
| Amounts receivable after more than one year | 29 | €169,723 | €188,446 | +€18,723 | +11.0% |
| Other amounts receivable | 291 | €169,723 | €188,446 | +€18,723 | +11.0% |
| Amounts receivable within one year | 40/41 | €33,209 | €20,292 | -€12,916 | -38.9% |
| Trade receivables | 40 | €28,314 | €20,292 | -€8,022 | -28.3% |
| Other amounts receivable | 41 | €4,894 | €0 | -€4,894 | -100% |
| Cash at bank and in hand | 54/58 | €29,005 | €6,420 | -€22,585 | -77.9% |
| Deferred charges and accrued income | 490/1 | €1,398 | €1,447 | +€49 | +3.5% |
| Total equity and liabilities | 10/49 | €309,316 | €302,632 | -€6,684 | -2.2% |
| Equity | 10/15 | €258,473 | €265,350 | +€6,877 | +2.7% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €251,473 | €258,350 | +€6,877 | +2.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €249,613 | €256,490 | +€6,877 | +2.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €50,843 | €37,283 | -€13,561 | -26.7% |
| Amounts payable within one year | 42/48 | €50,843 | €37,283 | -€13,561 | -26.7% |
| Financial debts | 43 | €580 | €44 | -€536 | -92.4% |
| Credit institutions | 430/8 | €580 | €44 | -€536 | -92.4% |
| Trade debts | 44 | €11,468 | €1,042 | -€10,426 | -90.9% |
| Suppliers | 440/4 | €11,468 | €1,042 | -€10,426 | -90.9% |
| Taxes, remuneration and social security | 45 | €38,795 | €15,697 | -€23,099 | -59.5% |
| Taxes | 450/3 | €37,545 | €15,697 | -€21,849 | -58.2% |
| Remuneration and social security | 454/9 | €1,250 | €0 | -€1,250 | -100% |
| Other amounts payable | 47/48 | €0 | €20,500 | +€20,500 | |
| Remuneration, social security and pensions | 62 | €1,488 | €1,525 | +€36 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,769 | €13,482 | +€1,712 | +14.5% |
| Other operating charges | 640/8 | €3,616 | €1,709 | -€1,907 | -52.7% |
| Gross operating margin | 9900 | €21,355 | €27,073 | +€5,718 | +26.8% |
| Operating profit (loss) | 9901 | €4,482 | €10,358 | +€5,876 | +131% |
| Financial income | 75/76B | €7,064 | €8,089 | +€1,024 | +14.5% |
| Recurring financial income | 75 | €7,064 | €8,089 | +€1,024 | +14.5% |
| Financial charges | 65/66B | €2,287 | €4,171 | +€1,884 | +82.4% |
| Recurring financial charges | 65 | €2,287 | €4,171 | +€1,884 | +82.4% |
| Profit (loss) for the period before taxes | 9903 | €9,259 | €14,275 | +€5,016 | +54.2% |
| Income taxes | 67/77 | €4,723 | €7,399 | +€2,676 | +56.7% |
| Profit (loss) for the period | 9904 | €4,536 | €6,877 | +€2,340 | +51.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,536 | €6,877 | +€2,340 | +51.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.