JB HOLDING & MANAGEMENT: 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 HOLDING & MANAGEMENT
Largest movements
- Cash -€1.6m
down €1.6m (-67.0%), from €2.5m to €811,494
mainly Current investments (-€1.5m) and Investment in fixed assets (net) (-€1.4m)
- Current investments +€1.5m
new in 2025: €1.5m
- Tangible fixed assets +€1.2m
up €1.2m (+175%), from €684,354 to €1.9m
of which Land and buildings: +€1.2m
- Receivables within one year +€197,462
up €197,462 (+36.2%), from €545,284 to €742,746
of which Other amounts receivable: +€298,091
- Financial fixed assets +€105,750
up €105,750 (+9.5%), from €1.1m to €1.2m
- Profit (loss) carried forward +€679,832
up €679,832 (+20.4%), from €3.3m to €4.0m
- Reserves +€631,500
up €631,500 (+136%), from €463,100 to €1.1m
- Other debts -€299,249
down €299,249 (-99.0%), from €302,249 to €3,000
- Debts after one year +€196,311
up €196,311 (+36.1%), from €543,811 to €740,122
of which Financial debts: +€192,311
- Trade debts +€165,976
up €165,976 (+14,708%), from €1,128 to €167,104
- Financial income -€854,596
down €854,596 (-57.0%), from €1.5m to €645,404
- Gross operating margin +€287,670
up €287,670 (+37.1%), from €775,364 to €1.1m
- Taxes +€66,809
up €66,809 (+48.0%), from €139,055 to €205,864
- Other operating charges +€23,635
up €23,635 (+40.2%), from €58,822 to €82,457
- Depreciation -€19,840
down €19,840 (-24.7%), from €80,247 to €60,408
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 | €4,800,711 | €6,135,179 | +€1.3m | +27.8% |
| Fixed assets | 21/28 | €1,793,928 | €3,095,993 | +€1.3m | +72.6% |
| Tangible fixed assets | 22/27 | €684,354 | €1,880,669 | +€1.2m | +175% |
| Land and buildings | 22 | €591,786 | €1,775,723 | +€1.2m | +200% |
| Furniture and vehicles | 24 | €92,568 | €104,946 | +€12,377 | +13.4% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €1,109,574 | €1,215,324 | +€105,750 | +9.5% |
| Current assets | 29/58 | €3,006,784 | €3,039,186 | +€32,403 | +1.1% |
| Amounts receivable within one year | 40/41 | €545,284 | €742,746 | +€197,462 | +36.2% |
| Trade receivables | 40 | €108,900 | €8,271 | -€100,629 | -92.4% |
| Other amounts receivable | 41 | €436,384 | €734,475 | +€298,091 | +68.3% |
| Current investments | 50/53 | - | €1,483,128 | +€1.5m | |
| Cash at bank and in hand | 54/58 | €2,460,000 | €811,494 | -€1.6m | -67.0% |
| Deferred charges and accrued income | 490/1 | €1,500 | €1,819 | +€319 | +21.3% |
| Total equity and liabilities | 10/49 | €4,800,711 | €6,135,179 | +€1.3m | +27.8% |
| Equity | 10/15 | €3,793,669 | €5,105,000 | +€1.3m | +34.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €463,100 | €1,094,600 | +€631,500 | +136% |
| Tax-exempt reserves | 132 | €463,100 | €1,094,600 | +€631,500 | +136% |
| Profit (loss) carried forward | 14 | €3,327,569 | €4,007,400 | +€679,832 | +20.4% |
| Amounts payable | 17/49 | €1,007,043 | €1,030,179 | +€23,136 | +2.3% |
| Amounts payable after more than one year | 17 | €543,811 | €740,122 | +€196,311 | +36.1% |
| Financial debts | 170/4 | €543,811 | €736,122 | +€192,311 | +35.4% |
| Other amounts payable | 178/9 | - | €4,000 | +€4,000 | |
| Amounts payable within one year | 42/48 | €463,232 | €290,057 | -€173,175 | -37.4% |
| Current portion of amounts payable after more than one year | 42 | €51,189 | €75,675 | +€24,486 | +47.8% |
| Trade debts | 44 | €1,128 | €167,104 | +€165,976 | +14,708% |
| Suppliers | 440/4 | €1,128 | €167,104 | +€165,976 | +14,708% |
| Taxes, remuneration and social security | 45 | €108,666 | €44,278 | -€64,388 | -59.3% |
| Taxes | 450/3 | €108,666 | €44,278 | -€64,388 | -59.3% |
| Other amounts payable | 47/48 | €302,249 | €3,000 | -€299,249 | -99.0% |
| Accrued charges and deferred income | 492/3 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,247 | €60,408 | -€19,840 | -24.7% |
| Other operating charges | 640/8 | €58,822 | €82,457 | +€23,635 | +40.2% |
| Gross operating margin | 9900 | €775,364 | €1,063,034 | +€287,670 | +37.1% |
| Operating profit (loss) | 9901 | €636,295 | €920,170 | +€283,875 | +44.6% |
| Financial income | 75/76B | €1,500,000 | €645,404 | -€854,596 | -57.0% |
| Recurring financial income | 75 | €1,500,000 | €645,404 | -€854,596 | -57.0% |
| Financial charges | 65/66B | €38,058 | €48,378 | +€10,321 | +27.1% |
| Recurring financial charges | 65 | €38,058 | €48,378 | +€10,321 | +27.1% |
| Profit (loss) for the period before taxes | 9903 | €2,098,237 | €1,517,195 | -€581,042 | -27.7% |
| Income taxes | 67/77 | €139,055 | €205,864 | +€66,809 | +48.0% |
| Profit (loss) for the period | 9904 | €1,959,182 | €1,311,332 | -€647,851 | -33.1% |
| Transfer to tax-exempt reserves | 689 | €463,100 | €631,500 | +€168,400 | +36.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,496,082 | €679,832 | -€816,251 | -54.6% |
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 1 November 2026 via checked.be.