JABO: 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.
JABO
Largest movements
- Cash -€111,845
down €111,845 (-96.9%), from €115,452 to €3,607
mainly Contributions, distributions and other (-€212,346) and Net result for the year (-€72,245)
- Tangible fixed assets -€29,732
down €29,732 (-9.2%), from €321,601 to €291,869
of which Leasing and similar rights: -€16,026
- Receivables within one year +€12,057
up €12,057 (+18.9%), from €63,923 to €75,979
of which Other amounts receivable: +€18,530
- Reserves -€212,346
down €212,346 (-76.9%), from €276,151 to €63,805
of which Distributable reserves: -€212,346
- Other debts +€200,161
new in 2025: €200,161
- Profit (loss) carried forward -€72,245
down €72,245 (-160.8%), from -€44,942 to -€117,187
- Debts after one year -€39,217
down €39,217 (-44.2%), from €88,642 to €49,425
of which Financial debts: -€39,217
- Current portion of long-term debt -€19,956
down €19,956 (-33.7%), from €59,145 to €39,189
- Depreciation -€64,808
down €64,808 (-75.8%), from €85,531 to €20,722
- Gross operating margin +€9,819
up €9,819 (+28.7%), from -€34,262 to -€24,443
- Financial charges -€2,026
down €2,026 (-25.5%), from €7,941 to €5,915
- Other operating charges +€488
up €488 (+4.6%), from €10,507 to €10,995
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 | €506,733 | €376,826 | -€129,907 | -25.6% |
| Fixed assets | 21/28 | €321,735 | €292,003 | -€29,732 | -9.2% |
| Tangible fixed assets | 22/27 | €321,601 | €291,869 | -€29,732 | -9.2% |
| Land and buildings | 22 | €263,219 | €249,660 | -€13,559 | -5.2% |
| Plant, machinery and equipment | 23 | €1,056 | €471 | -€586 | -55.4% |
| Furniture and vehicles | 24 | - | €439 | +€439 | |
| Leasing and similar rights | 25 | €25,247 | €9,221 | -€16,026 | -63.5% |
| Other tangible fixed assets | 26 | €32,079 | €32,079 | = | 0.0% |
| Financial fixed assets | 28 | €134 | €134 | = | 0.0% |
| Current assets | 29/58 | €184,998 | €84,823 | -€100,176 | -54.1% |
| Amounts receivable within one year | 40/41 | €63,923 | €75,979 | +€12,057 | +18.9% |
| Trade receivables | 40 | €7,308 | €835 | -€6,474 | -88.6% |
| Other amounts receivable | 41 | €56,614 | €75,145 | +€18,530 | +32.7% |
| Current investments | 50/53 | €2,704 | €2,704 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €115,452 | €3,607 | -€111,845 | -96.9% |
| Deferred charges and accrued income | 490/1 | €2,919 | €2,532 | -€387 | -13.3% |
| Total equity and liabilities | 10/49 | €506,733 | €376,826 | -€129,907 | -25.6% |
| Equity | 10/15 | €355,156 | €70,565 | -€284,591 | -80.1% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €276,151 | €63,805 | -€212,346 | -76.9% |
| Non-distributable reserves | 130/1 | €13,805 | €13,805 | = | 0.0% |
| Legal reserve | 130 | €13,805 | €13,805 | = | 0.0% |
| Distributable reserves | 133 | €262,346 | €50,000 | -€212,346 | -80.9% |
| Profit (loss) carried forward | 14 | -€44,942 | -€117,187 | -€72,245 | -160.8% |
| Amounts payable | 17/49 | €151,577 | €306,261 | +€154,684 | +102.0% |
| Amounts payable after more than one year | 17 | €88,642 | €49,425 | -€39,217 | -44.2% |
| Financial debts | 170/4 | €70,794 | €31,577 | -€39,217 | -55.4% |
| Other amounts payable | 178/9 | €17,848 | €17,848 | = | 0.0% |
| Amounts payable within one year | 42/48 | €62,935 | €256,836 | +€193,901 | +308.1% |
| Current portion of amounts payable after more than one year | 42 | €59,145 | €39,189 | -€19,956 | -33.7% |
| Financial debts | 43 | €1,713 | €1,748 | +€35 | +2.0% |
| Credit institutions | 430/8 | €1,713 | €1,748 | +€35 | +2.0% |
| Trade debts | 44 | €2,078 | €3,554 | +€1,476 | +71.0% |
| Suppliers | 440/4 | €2,078 | €3,554 | +€1,476 | +71.0% |
| Taxes, remuneration and social security | 45 | - | €12,186 | +€12,186 | |
| Taxes | 450/3 | - | €12,186 | +€12,186 | |
| Other amounts payable | 47/48 | - | €200,161 | +€200,161 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,531 | €20,722 | -€64,808 | -75.8% |
| Other operating charges | 640/8 | €10,507 | €10,995 | +€488 | +4.6% |
| Non-recurring operating charges | 66A | €0 | €9,888 | +€9,888 | |
| Gross operating margin | 9900 | -€34,262 | -€24,443 | +€9,819 | +28.7% |
| Operating profit (loss) | 9901 | -€130,300 | -€66,049 | +€64,252 | +49.3% |
| Financial income | 75/76B | €1 | €2 | +€2 | +214.9% |
| Recurring financial income | 75 | €1 | €2 | +€2 | +214.9% |
| Financial charges | 65/66B | €7,941 | €5,915 | -€2,026 | -25.5% |
| Recurring financial charges | 65 | €7,941 | €5,915 | -€2,026 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | -€138,241 | -€71,961 | +€66,279 | +47.9% |
| Income taxes | 67/77 | €245 | €284 | +€39 | +15.9% |
| Profit (loss) for the period | 9904 | -€138,486 | -€72,245 | +€66,240 | +47.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€138,486 | -€72,245 | +€66,240 | +47.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.