JB PROJECT: what changed
Two fiscal 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 PROJECT
Largest movements
- Tangible fixed assets -€47,804
down €47,804 (-6.1%), from €784,189 to €736,386
of which Land and buildings: -€37,242
- Debts after one year -€44,145
down €44,145 (-6.7%), from €654,876 to €610,731
- Profit (loss) carried forward -€10,081
down €10,081 (-14.2%), from -€71,162 to -€81,243
- Gross operating margin +€4,530
up €4,530 (+7.7%), from €59,183 to €63,713
- Financial charges -€1,473
down €1,473 (-5.7%), from €25,945 to €24,472
- Other operating charges +€747
up €747 (+96.7%), from €772 to €1,518
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 | €792,947 | €742,187 | -€50,760 | -6.4% |
| Fixed assets | 21/28 | €784,189 | €736,386 | -€47,804 | -6.1% |
| Tangible fixed assets | 22/27 | €784,189 | €736,386 | -€47,804 | -6.1% |
| Land and buildings | 22 | €754,140 | €716,898 | -€37,242 | -4.9% |
| Plant, machinery and equipment | 23 | €30,049 | €19,487 | -€10,562 | -35.1% |
| Current assets | 29/58 | €8,758 | €5,802 | -€2,956 | -33.8% |
| Cash at bank and in hand | 54/58 | €8,758 | €5,802 | -€2,956 | -33.8% |
| Total equity and liabilities | 10/49 | €792,947 | €742,187 | -€50,760 | -6.4% |
| Equity | 10/15 | -€61,162 | -€71,243 | -€10,081 | -16.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Outside capital | 11 | €10,000 | €10,000 | = | 0.0% |
| Other | 1109/19 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,162 | -€81,243 | -€10,081 | -14.2% |
| Amounts payable | 17/49 | €854,109 | €813,431 | -€40,678 | -4.8% |
| Amounts payable after more than one year | 17 | €654,876 | €610,731 | -€44,145 | -6.7% |
| Financial debts | 170/4 | €654,876 | €610,731 | -€44,145 | -6.7% |
| Amounts payable within one year | 42/48 | €199,233 | €202,700 | +€3,466 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €42,599 | €44,145 | +€1,545 | +3.6% |
| Trade debts | 44 | €4,327 | €6,248 | +€1,921 | +44.4% |
| Suppliers | 440/4 | €4,327 | €6,248 | +€1,921 | +44.4% |
| Other amounts payable | 47/48 | €152,307 | €152,307 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,801 | €47,804 | +€2 | 0.0% |
| Other operating charges | 640/8 | €772 | €1,518 | +€747 | +96.7% |
| Gross operating margin | 9900 | €59,183 | €63,713 | +€4,530 | +7.7% |
| Operating profit (loss) | 9901 | €10,610 | €14,391 | +€3,780 | +35.6% |
| Financial charges | 65/66B | €25,945 | €24,472 | -€1,473 | -5.7% |
| Recurring financial charges | 65 | €25,945 | €24,472 | -€1,473 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | -€15,335 | -€10,081 | +€5,254 | +34.3% |
| Profit (loss) for the period | 9904 | -€15,335 | -€10,081 | +€5,254 | +34.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,335 | -€10,081 | +€5,254 | +34.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.