JB C&C: what changed
What changed
JB C&C
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
filed annual accounts (NBB)
Net result for the year
-€165,109
2024 · -€84,467-€80,642
Equity
-€45,048
2024 · €120,061-€165,109
Cash
€97
2024 · €127-€30
Balance sheet total
€2.1m
2024 · €1.8m+€218,318
Largest movements
Assets
- Tangible fixed assets +€252,516
up €252,516 (+14.1%), from €1.8m to €2.0m
of which Land and buildings: +€207,935
- Receivables within one year -€37,950
down €37,950 (-93.5%), from €40,582 to €2,633
of which Trade receivables: -€30,000
Equity and liabilities
- Other debts +€369,767
up €369,767 (+366%), from €101,161 to €470,928
- Profit (loss) carried forward -€165,109
down €165,109 (-195%), from -€84,535 to -€249,644
- Debts after one year +€159,619
up €159,619 (+12.1%), from €1.3m to €1.5m
- Trade debts -€155,603
down €155,603 (-66.0%), from €235,875 to €80,272
Income statement
- Depreciation +€157,501
up €157,501 (+367%), from €42,881 to €200,382
- Gross operating margin +€108,033
up €108,033, from -€17,653 to €90,380
- Financial charges +€27,070
up €27,070 (+118%), from €22,961 to €50,031
- Other operating charges +€3,934
up €3,934 (+341%), from €1,152 to €5,086
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€84,467
Gross operating margin
+€108,033
Depreciation
-€157,501
Other operating charges
-€3,934
Financial income
-€170
Financial charges
-€27,070
Result 2025
-€165,109
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€282,982
Investment
-€452,898
Financing
+€169,886
Cash 2024
€127
From operations (derived)
+€282,982
Net result for the year
-€165,109
Depreciation
+€200,382
Receivables within one year
+€37,950
Deferred charges and accrued income
-€3,782
Trade debts
-€155,603
Tax, wage and social debts
-€623
Other debts
+€369,767
Investment (derived)
-€452,898
Investment in fixed assets (net)
-€452,898
Financing
+€169,886
Debts after one year
+€159,619
Current portion of long-term debt
+€10,267
Cash 2025
€97
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,832,942 | €2,051,260 | +€218,318 | +11.9% |
| Fixed assets | 21/28 | €1,792,232 | €2,044,748 | +€252,516 | +14.1% |
| Tangible fixed assets | 22/27 | €1,792,232 | €2,044,748 | +€252,516 | +14.1% |
| Land and buildings | 22 | €1,772,396 | €1,980,331 | +€207,935 | +11.7% |
| Plant, machinery and equipment | 23 | €19,836 | €21,038 | +€1,202 | +6.1% |
| Furniture and vehicles | 24 | - | €5,949 | +€5,949 | |
| Leasing and similar rights | 25 | - | €37,430 | +€37,430 | |
| Current assets | 29/58 | €40,710 | €6,512 | -€34,198 | -84.0% |
| Amounts receivable within one year | 40/41 | €40,582 | €2,633 | -€37,950 | -93.5% |
| Trade receivables | 40 | €30,000 | €0 | -€30,000 | -100% |
| Other amounts receivable | 41 | €10,582 | €2,633 | -€7,950 | -75.1% |
| Cash at bank and in hand | 54/58 | €127 | €97 | -€30 | -23.4% |
| Deferred charges and accrued income | 490/1 | - | €3,782 | +€3,782 | |
| Total equity and liabilities | 10/49 | €1,832,942 | €2,051,260 | +€218,318 | +11.9% |
| Equity | 10/15 | €120,061 | -€45,048 | -€165,109 | |
| Contributions | 10/11 | €148,600 | €148,600 | = | 0.0% |
| Reserves | 13 | €55,996 | €55,996 | = | 0.0% |
| Distributable reserves | 133 | €55,996 | €55,996 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€84,535 | -€249,644 | -€165,109 | -195% |
| Amounts payable | 17/49 | €1,712,881 | €2,096,308 | +€383,427 | +22.4% |
| Amounts payable after more than one year | 17 | €1,317,200 | €1,476,819 | +€159,619 | +12.1% |
| Financial debts | 170/4 | €1,317,200 | €1,476,819 | +€159,619 | +12.1% |
| Amounts payable within one year | 42/48 | €395,681 | €619,489 | +€223,808 | +56.6% |
| Current portion of amounts payable after more than one year | 42 | €58,022 | €68,289 | +€10,267 | +17.7% |
| Trade debts | 44 | €235,875 | €80,272 | -€155,603 | -66.0% |
| Suppliers | 440/4 | €235,875 | €80,272 | -€155,603 | -66.0% |
| Taxes, remuneration and social security | 45 | €623 | €0 | -€623 | -100% |
| Taxes | 450/3 | €623 | €0 | -€623 | -100% |
| Other amounts payable | 47/48 | €101,161 | €470,928 | +€369,767 | +366% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,881 | €200,382 | +€157,501 | +367% |
| Other operating charges | 640/8 | €1,152 | €5,086 | +€3,934 | +341% |
| Gross operating margin | 9900 | -€17,653 | €90,380 | +€108,033 | |
| Operating profit (loss) | 9901 | -€61,687 | -€115,089 | -€53,402 | -86.6% |
| Financial income | 75/76B | €180 | €11 | -€170 | -94.0% |
| Recurring financial income | 75 | €180 | €11 | -€170 | -94.0% |
| Financial charges | 65/66B | €22,961 | €50,031 | +€27,070 | +118% |
| Recurring financial charges | 65 | €22,961 | €50,031 | +€27,070 | +118% |
| Profit (loss) for the period before taxes | 9903 | -€84,467 | -€165,109 | -€80,642 | -95.5% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€84,467 | -€165,109 | -€80,642 | -95.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€84,467 | -€165,109 | -€80,642 | -95.5% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.