JB-CO: 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-CO
Largest movements
- Tangible fixed assets -€35,691
down €35,691 (-4.9%), from €731,337 to €695,646
of which Land and buildings: -€17,995
- Receivables within one year +€33,356
up €33,356 (+19.9%), from €168,012 to €201,368
of which Trade receivables: +€35,558
- Cash +€15,474
up €15,474 (+183%), from €8,439 to €23,913
mainly Advances received (+€68,227) and Depreciation (+€38,407)
- Advances received +€68,227
up €68,227 (+96.0%), from €71,088 to €139,315
- Current portion of long-term debt -€60,746
no longer reported in 2024 (was €60,746)
- Short-term financial debts +€28,968
up €28,968 (+8,768%), from €330 to €29,299
- Profit (loss) carried forward -€14,305
down €14,305 (-223%), from -€6,409 to -€20,714
- Purchases and services -€24,046
down €24,046 (-17.9%), from €134,120 to €110,074
- Turnover -€5,967
down €5,967 (-3.8%), from €158,779 to €152,813
- Gross operating margin -€4,129
down €4,129 (-8.8%), from €46,867 to €42,738
- Financial charges -€3,576
down €3,576 (-18.9%), from €18,876 to €15,300
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €911,764 | €921,529 | +€9,765 | +1.1% |
| Fixed assets | 21/28 | €731,938 | €696,247 | -€35,691 | -4.9% |
| Tangible fixed assets | 22/27 | €731,337 | €695,646 | -€35,691 | -4.9% |
| Land and buildings | 22 | €619,139 | €601,144 | -€17,995 | -2.9% |
| Plant, machinery and equipment | 23 | €64,058 | €57,692 | -€6,366 | -9.9% |
| Furniture and vehicles | 24 | €39,299 | €27,969 | -€11,330 | -28.8% |
| Other tangible fixed assets | 26 | €8,841 | €8,841 | = | 0.0% |
| Financial fixed assets | 28 | €601 | €601 | = | 0.0% |
| Current assets | 29/58 | €179,826 | €225,282 | +€45,456 | +25.3% |
| Amounts receivable after more than one year | 29 | €1,000 | - | -€1,000 | |
| Trade receivables | 290 | €1,000 | - | -€1,000 | |
| Amounts receivable within one year | 40/41 | €168,012 | €201,368 | +€33,356 | +19.9% |
| Trade receivables | 40 | €51,641 | €87,199 | +€35,558 | +68.9% |
| Other amounts receivable | 41 | €116,371 | €114,170 | -€2,201 | -1.9% |
| Cash at bank and in hand | 54/58 | €8,439 | €23,913 | +€15,474 | +183% |
| Deferred charges and accrued income | 490/1 | €2,374 | - | -€2,374 | |
| Total equity and liabilities | 10/49 | €911,764 | €921,529 | +€9,765 | +1.1% |
| Equity | 10/15 | €511,122 | €496,817 | -€14,305 | -2.8% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | - | €62,500 | +€62,500 | |
| Issued capital | 100 | - | €62,500 | +€62,500 | |
| Contributions outside capital | 11 | €62,500 | - | -€62,500 | |
| Other | 1109/19 | €62,500 | - | -€62,500 | |
| Reserves | 13 | €455,030 | €455,030 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,250 | €6,250 | = | 0.0% |
| Tax-exempt reserves | 132 | €362,173 | €362,173 | = | 0.0% |
| Distributable reserves | 133 | €86,607 | €86,607 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,409 | -€20,714 | -€14,305 | -223% |
| Provisions and deferred taxes | 16 | €90,543 | €90,543 | = | 0.0% |
| Deferred taxes | 168 | €90,543 | €90,543 | = | 0.0% |
| Amounts payable | 17/49 | €310,099 | €334,169 | +€24,070 | +7.8% |
| Amounts payable after more than one year | 17 | €165,345 | €156,574 | -€8,772 | -5.3% |
| Financial debts | 170/4 | €165,345 | €156,574 | -€8,772 | -5.3% |
| Amounts payable within one year | 42/48 | €144,753 | €177,595 | +€32,842 | +22.7% |
| Current portion of amounts payable after more than one year | 42 | €60,746 | - | -€60,746 | |
| Financial debts | 43 | €330 | €29,299 | +€28,968 | +8,768% |
| Credit institutions | 430/8 | €330 | €29,299 | +€28,968 | +8,768% |
| Trade debts | 44 | €5,501 | €8,982 | +€3,481 | +63.3% |
| Suppliers | 440/4 | €5,501 | €8,982 | +€3,481 | +63.3% |
| Advances received on contracts in progress | 46 | €71,088 | €139,315 | +€68,227 | +96.0% |
| Taxes, remuneration and social security | 45 | €7,088 | - | -€7,088 | |
| Taxes | 450/3 | €7,088 | - | -€7,088 | |
| Turnover | 70 | €158,779 | €152,813 | -€5,967 | -3.8% |
| Non-recurring operating income | 76A | €10,869 | - | -€10,869 | |
| Goods, raw materials, services and sundry goods | 60/61 | €134,120 | €110,074 | -€24,046 | -17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,138 | €38,407 | +€269 | +0.7% |
| Other operating charges | 640/8 | €3,366 | €2,498 | -€868 | -25.8% |
| Gross operating margin | 9900 | €46,867 | €42,738 | -€4,129 | -8.8% |
| Operating profit (loss) | 9901 | €5,363 | €1,834 | -€3,529 | -65.8% |
| Financial income | 75/76B | €53 | €15 | -€38 | -71.3% |
| Recurring financial income | 75 | €53 | €15 | -€38 | -71.3% |
| Financial charges | 65/66B | €18,876 | €15,300 | -€3,576 | -18.9% |
| Recurring financial charges | 65 | €18,876 | €15,300 | -€3,576 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | -€13,460 | -€13,451 | +€9 | +0.1% |
| Income taxes | 67/77 | €16 | €854 | +€838 | +5,244% |
| Profit (loss) for the period | 9904 | -€13,476 | -€14,305 | -€829 | -6.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,476 | -€14,305 | -€829 | -6.2% |
Source: filed annual accounts (NBB), financial years ended 30 November 2023 and 30 November 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.