JASBO: 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.
JASBO
Largest movements
- Cash +€161,969
up €161,969 (+246%), from €65,841 to €227,809
mainly Other debts (+€374,727) and Net result for the year (+€235,881)
- Receivables within one year -€84,489
down €84,489 (-79.8%), from €105,842 to €21,353
of which Trade receivables: -€42,420
- Tangible fixed assets +€69,532
up €69,532 (+6.0%), from €1.2m to €1.2m
of which Assets under construction and advance payments: +€91,135
- Stocks and contracts +€29,129
up €29,129 (+13.7%), from €212,000 to €241,129
- Reserves -€415,475
down €415,475 (-98.4%), from €422,342 to €6,867
- Other debts +€374,727
up €374,727 (+164%), from €228,957 to €603,684
- Short-term financial debts +€114,829
up €114,829 (+91.7%), from €125,171 to €240,000
- Trade debts +€65,060
up €65,060 (+27.2%), from €239,275 to €304,335
- Tax, wage and social debts +€64,274
up €64,274 (+103,819%), from €62 to €64,336
- Gross operating margin +€122,798
up €122,798 (+44.8%), from €273,804 to €396,602
- Taxes +€30,162
up €30,162 (+69.7%), from €43,249 to €73,410
- Depreciation +€17,944
up €17,944 (+58.2%), from €30,826 to €48,769
- Other operating charges -€11,178
down €11,178 (-69.3%), from €16,125 to €4,947
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 | €1,540,393 | €1,717,046 | +€176,653 | +11.5% |
| Fixed assets | 21/28 | €1,156,710 | €1,226,243 | +€69,532 | +6.0% |
| Tangible fixed assets | 22/27 | €1,156,710 | €1,226,243 | +€69,532 | +6.0% |
| Land and buildings | 22 | €1,118,049 | €1,096,447 | -€21,602 | -1.9% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Assets under construction and advance payments | 27 | €38,661 | €129,796 | +€91,135 | +236% |
| Current assets | 29/58 | €383,682 | €490,803 | +€107,120 | +27.9% |
| Stocks and contracts in progress | 3 | €212,000 | €241,129 | +€29,129 | +13.7% |
| Stocks | 30/36 | €212,000 | €241,129 | +€29,129 | +13.7% |
| Amounts receivable within one year | 40/41 | €105,842 | €21,353 | -€84,489 | -79.8% |
| Trade receivables | 40 | €59,663 | €17,243 | -€42,420 | -71.1% |
| Other amounts receivable | 41 | €46,179 | €4,110 | -€42,069 | -91.1% |
| Cash at bank and in hand | 54/58 | €65,841 | €227,809 | +€161,969 | +246% |
| Deferred charges and accrued income | 490/1 | €0 | €511 | +€511 | |
| Total equity and liabilities | 10/49 | €1,540,393 | €1,717,046 | +€176,653 | +11.5% |
| Equity | 10/15 | €422,342 | €6,867 | -€415,475 | -98.4% |
| Reserves | 13 | €422,342 | €6,867 | -€415,475 | -98.4% |
| Distributable reserves | 133 | €422,342 | €6,867 | -€415,475 | -98.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,118,051 | €1,710,178 | +€592,128 | +53.0% |
| Amounts payable after more than one year | 17 | €466,270 | €424,752 | -€41,518 | -8.9% |
| Financial debts | 170/4 | €466,270 | €424,752 | -€41,518 | -8.9% |
| Amounts payable within one year | 42/48 | €633,944 | €1,253,705 | +€619,761 | +97.8% |
| Current portion of amounts payable after more than one year | 42 | €40,479 | €41,350 | +€871 | +2.2% |
| Financial debts | 43 | €125,171 | €240,000 | +€114,829 | +91.7% |
| Credit institutions | 430/8 | €125,171 | €240,000 | +€114,829 | +91.7% |
| Trade debts | 44 | €239,275 | €304,335 | +€65,060 | +27.2% |
| Suppliers | 440/4 | €239,275 | €304,335 | +€65,060 | +27.2% |
| Taxes, remuneration and social security | 45 | €62 | €64,336 | +€64,274 | +103,819% |
| Taxes | 450/3 | €62 | €64,336 | +€64,274 | +103,819% |
| Other amounts payable | 47/48 | €228,957 | €603,684 | +€374,727 | +164% |
| Accrued charges and deferred income | 492/3 | €17,837 | €31,721 | +€13,884 | +77.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,826 | €48,769 | +€17,944 | +58.2% |
| Other operating charges | 640/8 | €16,125 | €4,947 | -€11,178 | -69.3% |
| Gross operating margin | 9900 | €273,804 | €396,602 | +€122,798 | +44.8% |
| Operating profit (loss) | 9901 | €226,853 | €342,886 | +€116,033 | +51.1% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €33,234 | €33,594 | +€360 | +1.1% |
| Recurring financial charges | 65 | €33,234 | €33,594 | +€360 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €193,619 | €309,292 | +€115,673 | +59.7% |
| Income taxes | 67/77 | €43,249 | €73,410 | +€30,162 | +69.7% |
| Profit (loss) for the period | 9904 | €150,370 | €235,881 | +€85,511 | +56.9% |
| Profit (loss) for the period to be appropriated | 9905 | €150,370 | €235,881 | +€85,511 | +56.9% |
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 25 October 2026 via checked.be.