JB BAT: 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 BAT
Largest movements
- Receivables within one year -€9,829
down €9,829 (-45.7%), from €21,530 to €11,701
of which Trade receivables: -€11,384
- Cash +€9,478
up €9,478 (+48.5%), from €19,548 to €29,026
mainly Receivables within one year (+€9,829) and Depreciation (+€4,965)
- Tangible fixed assets -€3,321
down €3,321 (-32.3%), from €10,279 to €6,958
- Current portion of long-term debt -€2,428
down €2,428 (-56.6%), from €4,290 to €1,862
- Tax, wage and social debts -€1,795
down €1,795 (-63.9%), from €2,809 to €1,015
of which Remuneration and social security: -€2,162
- Debts after one year -€1,722
no longer reported in 2025 (was €1,722)
- Trade debts +€1,336
up €1,336 (+81.6%), from €1,636 to €2,972
- Gross operating margin -€13,538
down €13,538 (-64.1%), from €21,115 to €7,577
- Taxes -€1,635
down €1,635 (-62.0%), from €2,635 to €1,000
- Depreciation -€1,380
down €1,380 (-21.7%), from €6,345 to €4,965
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 | €55,491 | €51,337 | -€4,154 | -7.5% |
| Fixed assets | 21/28 | €10,279 | €6,958 | -€3,321 | -32.3% |
| Tangible fixed assets | 22/27 | €10,279 | €6,958 | -€3,321 | -32.3% |
| Plant, machinery and equipment | 23 | €2,870 | €1,589 | -€1,281 | -44.6% |
| Furniture and vehicles | 24 | €5,079 | €3,760 | -€1,319 | -26.0% |
| Other tangible fixed assets | 26 | €2,330 | €1,608 | -€722 | -31.0% |
| Current assets | 29/58 | €45,212 | €44,379 | -€833 | -1.8% |
| Amounts receivable within one year | 40/41 | €21,530 | €11,701 | -€9,829 | -45.7% |
| Trade receivables | 40 | €17,735 | €6,351 | -€11,384 | -64.2% |
| Other amounts receivable | 41 | €3,795 | €5,350 | +€1,555 | +41.0% |
| Cash at bank and in hand | 54/58 | €19,548 | €29,026 | +€9,478 | +48.5% |
| Deferred charges and accrued income | 490/1 | €4,134 | €3,653 | -€481 | -11.6% |
| Total equity and liabilities | 10/49 | €55,491 | €51,337 | -€4,154 | -7.5% |
| Equity | 10/15 | €45,034 | €45,490 | +€456 | +1.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €42,534 | €42,534 | -€0 | 0.0% |
| Distributable reserves | 133 | €42,534 | €42,534 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | - | €456 | +€456 | |
| Amounts payable | 17/49 | €10,457 | €5,848 | -€4,609 | -44.1% |
| Amounts payable after more than one year | 17 | €1,722 | - | -€1,722 | |
| Financial debts | 170/4 | €1,722 | - | -€1,722 | |
| Amounts payable within one year | 42/48 | €8,735 | €5,848 | -€2,887 | -33.1% |
| Current portion of amounts payable after more than one year | 42 | €4,290 | €1,862 | -€2,428 | -56.6% |
| Trade debts | 44 | €1,636 | €2,972 | +€1,336 | +81.6% |
| Suppliers | 440/4 | €1,636 | €2,972 | +€1,336 | +81.6% |
| Taxes, remuneration and social security | 45 | €2,809 | €1,015 | -€1,795 | -63.9% |
| Taxes | 450/3 | €647 | €1,015 | +€368 | +56.8% |
| Remuneration and social security | 454/9 | €2,162 | - | -€2,162 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,345 | €4,965 | -€1,380 | -21.7% |
| Other operating charges | 640/8 | €776 | €822 | +€46 | +6.0% |
| Gross operating margin | 9900 | €21,115 | €7,577 | -€13,538 | -64.1% |
| Operating profit (loss) | 9901 | €13,994 | €1,790 | -€12,204 | -87.2% |
| Financial income | 75/76B | €94 | €64 | -€30 | -32.4% |
| Recurring financial income | 75 | €94 | €64 | -€30 | -32.4% |
| Financial charges | 65/66B | €421 | €397 | -€24 | -5.6% |
| Recurring financial charges | 65 | €421 | €397 | -€24 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €13,667 | €1,456 | -€12,211 | -89.3% |
| Income taxes | 67/77 | €2,635 | €1,000 | -€1,635 | -62.0% |
| Profit (loss) for the period | 9904 | €11,032 | €456 | -€10,576 | -95.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,032 | €456 | -€10,576 | -95.9% |
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 7 October 2026 via checked.be.