JB MGMT: 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 MGMT
Largest movements
- Tangible fixed assets +€1.2m
up €1.2m (+214.8%), from €541,317 to €1.7m
of which Land and buildings: +€1.1m
- Revaluation surpluses +€1.1m
new in 2025: €1.1m
- Trade debts +€55,245
up €55,245 (+65.0%), from €84,998 to €140,243
- Debts after one year -€30,609
down €30,609 (-4.2%), from €724,234 to €693,625
- Depreciation +€8,525
up €8,525 (+17.8%), from €47,850 to €56,374
- Gross operating margin +€8,453
up €8,453 (+13.0%), from €65,135 to €73,589
- Financial charges -€5,947
down €5,947 (-31.3%), from €19,014 to €13,068
- Staff costs -€5,308
no longer reported in 2025 (was €5,308)
- Taxes +€2,903
up €2,903 (+132.8%), from €2,186 to €5,089
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 | €1,197,682 | €2,331,928 | +€1.1m | +94.7% |
| Fixed assets | 21/28 | €1,168,891 | €2,314,970 | +€1.1m | +98.0% |
| Intangible fixed assets | 21 | €430,800 | €414,150 | -€16,650 | -3.9% |
| Tangible fixed assets | 22/27 | €541,317 | €1,704,045 | +€1.2m | +214.8% |
| Land and buildings | 22 | €459,061 | €1,535,262 | +€1.1m | +234.4% |
| Plant, machinery and equipment | 23 | €3,630 | €19,664 | +€16,034 | +441.8% |
| Furniture and vehicles | 24 | €57,378 | €128,799 | +€71,422 | +124.5% |
| Other tangible fixed assets | 26 | €21,249 | €20,321 | -€929 | -4.4% |
| Financial fixed assets | 28 | €196,775 | €196,775 | = | 0.0% |
| Current assets | 29/58 | €28,790 | €16,959 | -€11,832 | -41.1% |
| Amounts receivable within one year | 40/41 | €11,129 | - | -€11,129 | |
| Trade receivables | 40 | €11,129 | - | -€11,129 | |
| Cash at bank and in hand | 54/58 | €14,912 | €14,155 | -€758 | -5.1% |
| Deferred charges and accrued income | 490/1 | €2,749 | €2,804 | +€55 | +2.0% |
| Total equity and liabilities | 10/49 | €1,197,682 | €2,331,928 | +€1.1m | +94.7% |
| Equity | 10/15 | €222,521 | €1,300,606 | +€1.1m | +484.5% |
| Contributions | 10/11 | €119,002 | €119,002 | = | 0.0% |
| Revaluation surpluses | 12 | - | €1,076,201 | +€1.1m | |
| Reserves | 13 | €21,587 | €21,587 | = | 0.0% |
| Distributable reserves | 133 | €21,587 | €21,587 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,931 | €83,816 | +€1,884 | +2.3% |
| Amounts payable | 17/49 | €975,161 | €1,031,322 | +€56,161 | +5.8% |
| Amounts payable after more than one year | 17 | €724,234 | €693,625 | -€30,609 | -4.2% |
| Financial debts | 170/4 | €724,234 | €693,625 | -€30,609 | -4.2% |
| Amounts payable within one year | 42/48 | €250,927 | €337,697 | +€86,770 | +34.6% |
| Current portion of amounts payable after more than one year | 42 | €121,103 | €134,391 | +€13,287 | +11.0% |
| Trade debts | 44 | €84,998 | €140,243 | +€55,245 | +65.0% |
| Suppliers | 440/4 | €84,998 | €140,243 | +€55,245 | +65.0% |
| Taxes, remuneration and social security | 45 | €3,621 | €11,911 | +€8,291 | +229.0% |
| Taxes | 450/3 | €3,323 | €11,614 | +€8,291 | +249.5% |
| Remuneration and social security | 454/9 | €298 | €298 | = | 0.0% |
| Other amounts payable | 47/48 | €41,204 | €51,151 | +€9,947 | +24.1% |
| Remuneration, social security and pensions | 62 | €5,308 | - | -€5,308 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,850 | €56,374 | +€8,525 | +17.8% |
| Other operating charges | 640/8 | €5,467 | €3,852 | -€1,614 | -29.5% |
| Gross operating margin | 9900 | €65,135 | €73,589 | +€8,453 | +13.0% |
| Operating profit (loss) | 9901 | €6,511 | €13,362 | +€6,851 | +105.2% |
| Financial income | 75/76B | €8,085 | €6,679 | -€1,406 | -17.4% |
| Recurring financial income | 75 | €8,085 | €6,679 | -€1,406 | -17.4% |
| Financial charges | 65/66B | €19,014 | €13,068 | -€5,947 | -31.3% |
| Recurring financial charges | 65 | €19,014 | €13,068 | -€5,947 | -31.3% |
| Profit (loss) for the period before taxes | 9903 | -€4,419 | €6,974 | +€11,392 | |
| Income taxes | 67/77 | €2,186 | €5,089 | +€2,903 | +132.8% |
| Profit (loss) for the period | 9904 | -€6,605 | €1,884 | +€8,489 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,605 | €1,884 | +€8,489 |
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 9 October 2026 via checked.be.