JABE DISTRIBUTION: 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.
What changed
JABE DISTRIBUTION
NACE 41.001, General construction of residential buildings
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€223,896
2024 · -€132,376-€91,520
Equity
€756,607
2024 · €980,503-€223,896
Cash
€140,373
2024 · -+€140,373
Balance sheet total
€3.5m
2024 · €4.1m-€628,381
Largest movements
Assets
- Stocks and contracts -€753,198
down €753,198 (-53.6%), from €1.4m to €652,162
- Cash +€140,373
new in 2025: €140,373
mainly Debts after one year (+€1.0m) and Stocks and contracts (+€753,198)
Equity and liabilities
- Short-term financial debts -€1.5m
no longer reported in 2025 (was €1.5m)
- Debts after one year +€1.0m
up €1.0m (+123.4%), from €831,435 to €1.9m
of which Financial debts: +€842,336
- Profit (loss) carried forward -€223,896
down €223,896 (-82.4%), from €271,764 to €47,868
- Tax, wage and social debts +€90,560
up €90,560 (+3059.8%), from €2,960 to €93,520
Income statement
- Gross operating margin -€131,862
down €131,862 (-854.0%), from -€15,440 to -€147,301
- Financial charges -€39,337
down €39,337 (-43.6%), from €90,121 to €50,784
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.
Result 2024
-€132,376
Gross operating margin
-€131,862
Depreciation
-€763
Other operating charges
+€480
Financial charges
+€39,337
Taxes
+€1,288
Result 2025
-€223,896
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.
From operations
+€642,541
Investment
-€7,470
Financing
-€494,699
Cash 2024
€0
From operations (derived)
+€642,541
Net result for the year
-€223,896
Depreciation
+€22,530
Stocks and contracts
+€753,198
Smaller working-capital items
+€149
Tax, wage and social debts
+€90,560
Investment (derived)
-€7,470
Investment in fixed assets (net)
-€7,470
Financing
-€494,699
Debts after one year
+€1.0m
Current portion of long-term debt
-€4,583
Short-term financial debts
-€1.5m
Cash 2025
€140,373
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,121,116 | €3,492,735 | -€628,381 | -15.2% |
| Fixed assets | 21/28 | €2,712,958 | €2,697,898 | -€15,060 | -0.6% |
| Intangible fixed assets | 21 | €392,759 | €392,759 | = | 0.0% |
| Tangible fixed assets | 22/27 | €327,624 | €312,564 | -€15,060 | -4.6% |
| Land and buildings | 22 | €274,602 | €272,911 | -€1,691 | -0.6% |
| Plant, machinery and equipment | 23 | €51,083 | €38,394 | -€12,689 | -24.8% |
| Furniture and vehicles | 24 | €1,938 | €1,258 | -€680 | -35.1% |
| Financial fixed assets | 28 | €1,992,575 | €1,992,575 | = | 0.0% |
| Current assets | 29/58 | €1,408,158 | €794,837 | -€613,321 | -43.6% |
| Stocks and contracts in progress | 3 | €1,405,360 | €652,162 | -€753,198 | -53.6% |
| Stocks | 30/36 | €1,405,360 | €652,162 | -€753,198 | -53.6% |
| Amounts receivable within one year | 40/41 | €2,662 | €1,926 | -€736 | -27.7% |
| Trade receivables | 40 | - | €1,177 | +€1,177 | |
| Other amounts receivable | 41 | €2,662 | €748 | -€1,913 | -71.9% |
| Cash at bank and in hand | 54/58 | - | €140,373 | +€140,373 | |
| Deferred charges and accrued income | 490/1 | €137 | €377 | +€240 | +175.4% |
| Total equity and liabilities | 10/49 | €4,121,116 | €3,492,735 | -€628,381 | -15.2% |
| Equity | 10/15 | €980,503 | €756,607 | -€223,896 | -22.8% |
| Contributions | 10/11 | €485,000 | €485,000 | = | 0.0% |
| Capital | 10 | €485,000 | €485,000 | = | 0.0% |
| Issued capital | 100 | €485,000 | €485,000 | = | 0.0% |
| Reserves | 13 | €223,739 | €223,739 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €172,308 | €172,308 | = | 0.0% |
| Distributable reserves | 133 | €49,571 | €49,571 | = | 0.0% |
| Profit (loss) carried forward | 14 | €271,764 | €47,868 | -€223,896 | -82.4% |
| Amounts payable | 17/49 | €3,140,613 | €2,736,128 | -€404,485 | -12.9% |
| Amounts payable after more than one year | 17 | €831,435 | €1,857,683 | +€1.0m | +123.4% |
| Financial debts | 170/4 | - | €842,336 | +€842,336 | |
| Other amounts payable | 178/9 | €831,435 | €1,015,347 | +€183,912 | +22.1% |
| Amounts payable within one year | 42/48 | €2,309,178 | €878,445 | -€1.4m | -62.0% |
| Current portion of amounts payable after more than one year | 42 | €4,583 | - | -€4,583 | |
| Financial debts | 43 | €1,516,364 | - | -€1.5m | |
| Credit institutions | 430/8 | €1,516,364 | - | -€1.5m | |
| Trade debts | 44 | €705 | €2,366 | +€1,662 | +235.8% |
| Suppliers | 440/4 | €705 | €2,366 | +€1,662 | +235.8% |
| Advances received on contracts in progress | 46 | €965 | - | -€965 | |
| Taxes, remuneration and social security | 45 | €2,960 | €93,520 | +€90,560 | +3059.8% |
| Taxes | 450/3 | €2,960 | €93,520 | +€90,560 | +3059.8% |
| Other amounts payable | 47/48 | €783,602 | €782,558 | -€1,043 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,767 | €22,530 | +€763 | +3.5% |
| Other operating charges | 640/8 | €3,367 | €2,887 | -€480 | -14.3% |
| Gross operating margin | 9900 | -€15,440 | -€147,301 | -€131,862 | -854.0% |
| Operating profit (loss) | 9901 | -€40,573 | -€172,718 | -€132,145 | -325.7% |
| Financial charges | 65/66B | €90,121 | €50,784 | -€39,337 | -43.6% |
| Recurring financial charges | 65 | €90,121 | €50,784 | -€39,337 | -43.6% |
| Profit (loss) for the period before taxes | 9903 | -€130,694 | -€223,502 | -€92,808 | -71.0% |
| Income taxes | 67/77 | €1,682 | €394 | -€1,288 | -76.6% |
| Profit (loss) for the period | 9904 | -€132,376 | -€223,896 | -€91,520 | -69.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€132,376 | -€223,896 | -€91,520 | -69.1% |
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 9 October 2026 via checked.be.