JB -BF: 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.
JB -BF
Largest movements
- Cash +€94,505
up €94,505 (+85.9%), from €109,953 to €204,458
mainly Provisions (+€42,194) and Net result for the year (+€32,451)
- Receivables within one year +€29,486
up €29,486 (+108%), from €27,261 to €56,747
of which Other amounts receivable: +€20,043
- Current investments -€27,500
down €27,500 (-39.0%), from €70,500 to €43,000
- Tangible fixed assets -€22,048
down €22,048 (-14.6%), from €150,536 to €128,488
of which Furniture and vehicles: -€14,170
- Provisions +€42,194
new in 2025: €42,194
- Reserves +€27,299
up €27,299 (+13.4%), from €204,441 to €231,741
- Other debts +€17,174
up €17,174 (+38.2%), from €45,003 to €62,177
- Debts after one year -€9,168
down €9,168 (-10.4%), from €87,897 to €78,729
- Provisions +€42,194
new in 2025: €42,194
- Gross operating margin +€14,275
up €14,275 (+12.4%), from €115,176 to €129,452
- Depreciation +€4,370
up €4,370 (+24.7%), from €17,679 to €22,048
- Other operating charges -€3,223
down €3,223 (-61.8%), from €5,212 to €1,990
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 | €359,037 | €434,153 | +€75,116 | +20.9% |
| Fixed assets | 21/28 | €150,536 | €128,488 | -€22,048 | -14.6% |
| Tangible fixed assets | 22/27 | €150,536 | €128,488 | -€22,048 | -14.6% |
| Land and buildings | 22 | €136,366 | €128,488 | -€7,878 | -5.8% |
| Furniture and vehicles | 24 | €14,170 | €0 | -€14,170 | -100% |
| Current assets | 29/58 | €208,501 | €305,665 | +€97,164 | +46.6% |
| Amounts receivable within one year | 40/41 | €27,261 | €56,747 | +€29,486 | +108% |
| Trade receivables | 40 | €15,739 | €25,182 | +€9,443 | +60.0% |
| Other amounts receivable | 41 | €11,522 | €31,565 | +€20,043 | +174% |
| Current investments | 50/53 | €70,500 | €43,000 | -€27,500 | -39.0% |
| Cash at bank and in hand | 54/58 | €109,953 | €204,458 | +€94,505 | +85.9% |
| Deferred charges and accrued income | 490/1 | €787 | €1,460 | +€673 | +85.5% |
| Total equity and liabilities | 10/49 | €359,037 | €434,153 | +€75,116 | +20.9% |
| Equity | 10/15 | €205,441 | €232,741 | +€27,299 | +13.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €204,441 | €231,741 | +€27,299 | +13.4% |
| Distributable reserves | 133 | €204,441 | €231,741 | +€27,299 | +13.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | - | €42,194 | +€42,194 | |
| Provisions for liabilities and charges | 160/5 | - | €42,194 | +€42,194 | |
| Other liabilities and charges | 164/5 | - | €42,194 | +€42,194 | |
| Amounts payable | 17/49 | €153,596 | €159,218 | +€5,622 | +3.7% |
| Amounts payable after more than one year | 17 | €87,897 | €78,729 | -€9,168 | -10.4% |
| Financial debts | 170/4 | €87,897 | €78,729 | -€9,168 | -10.4% |
| Amounts payable within one year | 42/48 | €65,699 | €80,489 | +€14,790 | +22.5% |
| Current portion of amounts payable after more than one year | 42 | €9,026 | €9,168 | +€142 | +1.6% |
| Trade debts | 44 | €6,961 | €6,628 | -€333 | -4.8% |
| Suppliers | 440/4 | €6,961 | €6,628 | -€333 | -4.8% |
| Taxes, remuneration and social security | 45 | €4,708 | €2,516 | -€2,193 | -46.6% |
| Taxes | 450/3 | €4,708 | €2,516 | -€2,193 | -46.6% |
| Other amounts payable | 47/48 | €45,003 | €62,177 | +€17,174 | +38.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,679 | €22,048 | +€4,370 | +24.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €42,194 | +€42,194 | |
| Other operating charges | 640/8 | €5,212 | €1,990 | -€3,223 | -61.8% |
| Gross operating margin | 9900 | €115,176 | €129,452 | +€14,275 | +12.4% |
| Operating profit (loss) | 9901 | €92,285 | €63,220 | -€29,065 | -31.5% |
| Financial charges | 65/66B | €4,451 | €5,713 | +€1,262 | +28.4% |
| Recurring financial charges | 65 | €4,451 | €5,713 | +€1,262 | +28.4% |
| Profit (loss) for the period before taxes | 9903 | €87,835 | €57,507 | -€30,327 | -34.5% |
| Income taxes | 67/77 | €25,478 | €25,057 | -€422 | -1.7% |
| Profit (loss) for the period | 9904 | €62,356 | €32,451 | -€29,906 | -48.0% |
| Profit (loss) for the period to be appropriated | 9905 | €62,356 | €32,451 | -€29,906 | -48.0% |
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 24 October 2026 via checked.be.