JB: 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.
JB
Largest movements
- Receivables within one year +€4,916
up €4,916 (+25.0%), from €19,702 to €24,618
of which Trade receivables: +€4,928
- Tangible fixed assets +€3,471
new in 2025: €3,471
- Cash -€1,009
down €1,009 (-14.2%), from €7,098 to €6,089
mainly Receivables within one year (-€4,916) and Investment in fixed assets (net) (-€3,500)
- Deferred charges and accrued income +€818
new in 2025: €818
- Trade debts +€5,030
up €5,030 (+4763.2%), from €106 to €5,136
- Tax, wage and social debts +€2,079
up €2,079 (+29.0%), from €7,174 to €9,254
- Reserves +€1,087
up €1,087 (+6.0%), from €18,254 to €19,341
- Gross operating margin -€23,664
down €23,664 (-85.8%), from €27,583 to €3,919
- Taxes -€4,669
down €4,669 (-81.6%), from €5,724 to €1,055
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 | €26,800 | €34,996 | +€8,196 | +30.6% |
| Fixed assets | 21/28 | - | €3,471 | +€3,471 | |
| Tangible fixed assets | 22/27 | - | €3,471 | +€3,471 | |
| Plant, machinery and equipment | 23 | - | €3,471 | +€3,471 | |
| Current assets | 29/58 | €26,800 | €31,525 | +€4,725 | +17.6% |
| Amounts receivable within one year | 40/41 | €19,702 | €24,618 | +€4,916 | +25.0% |
| Trade receivables | 40 | €1,035 | €5,963 | +€4,928 | +476.3% |
| Other amounts receivable | 41 | €18,668 | €18,656 | -€12 | -0.1% |
| Cash at bank and in hand | 54/58 | €7,098 | €6,089 | -€1,009 | -14.2% |
| Deferred charges and accrued income | 490/1 | - | €818 | +€818 | |
| Total equity and liabilities | 10/49 | €26,800 | €34,996 | +€8,196 | +30.6% |
| Equity | 10/15 | €18,354 | €19,441 | +€1,087 | +5.9% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €18,254 | €19,341 | +€1,087 | +6.0% |
| Distributable reserves | 133 | €18,254 | €19,341 | +€1,087 | +6.0% |
| Amounts payable | 17/49 | €8,446 | €15,555 | +€7,109 | +84.2% |
| Amounts payable within one year | 42/48 | €8,446 | €15,555 | +€7,109 | +84.2% |
| Trade debts | 44 | €106 | €5,136 | +€5,030 | +4763.2% |
| Suppliers | 440/4 | €106 | €5,136 | +€5,030 | +4763.2% |
| Taxes, remuneration and social security | 45 | €7,174 | €9,254 | +€2,079 | +29.0% |
| Taxes | 450/3 | €7,174 | €9,254 | +€2,079 | +29.0% |
| Other amounts payable | 47/48 | €1,166 | €1,166 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €29 | +€29 | |
| Other operating charges | 640/8 | €1,860 | €1,605 | -€255 | -13.7% |
| Gross operating margin | 9900 | €27,583 | €3,919 | -€23,664 | -85.8% |
| Operating profit (loss) | 9901 | €25,722 | €2,285 | -€23,437 | -91.1% |
| Financial charges | 65/66B | €79 | €144 | +€65 | +82.3% |
| Recurring financial charges | 65 | €79 | €144 | +€65 | +82.3% |
| Profit (loss) for the period before taxes | 9903 | €25,644 | €2,141 | -€23,502 | -91.6% |
| Income taxes | 67/77 | €5,724 | €1,055 | -€4,669 | -81.6% |
| Profit (loss) for the period | 9904 | €19,920 | €1,087 | -€18,833 | -94.5% |
| Profit (loss) for the period to be appropriated | 9905 | €19,920 | €1,087 | -€18,833 | -94.5% |
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 8 October 2026 via checked.be.