JB PROJECTS: 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 PROJECTS
Largest movements
- Current investments +€25,000
up €25,000 (+101.6%), from €24,596 to €49,596
- Cash +€17,014
up €17,014 (+28.0%), from €60,759 to €77,773
mainly Net result for the year (+€27,706) and Trade debts (+€14,638)
- Reserves +€26,873
up €26,873 (+9.2%), from €292,400 to €319,272
of which Distributable reserves: +€26,873
- Trade debts +€14,638
up €14,638 (+176.5%), from €8,293 to €22,932
- Debts after one year -€5,053
down €5,053 (-6.7%), from €75,616 to €70,562
- Financial income +€11,369
up €11,369 (+1342.8%), from €847 to €12,216
of which Financial income: +€11,938
- Staff costs -€6,141
down €6,141 (-68.6%), from €8,951 to €2,810
- Taxes +€6,081
up €6,081 (+116.2%), from €5,235 to €11,317
- Financial charges -€2,460
down €2,460 (-53.6%), from €4,590 to €2,130
- Depreciation +€712
up €712 (+6.4%), from €11,167 to €11,879
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 | €431,029 | €469,312 | +€38,283 | +8.9% |
| Fixed assets | 21/28 | €235,620 | €237,212 | +€1,592 | +0.7% |
| Tangible fixed assets | 22/27 | €235,620 | €237,212 | +€1,592 | +0.7% |
| Land and buildings | 22 | €234,813 | €223,873 | -€10,940 | -4.7% |
| Plant, machinery and equipment | 23 | €131 | €2,877 | +€2,746 | +2099.9% |
| Furniture and vehicles | 24 | €677 | €10,461 | +€9,785 | +1446.1% |
| Current assets | 29/58 | €195,409 | €232,100 | +€36,691 | +18.8% |
| Amounts receivable after more than one year | 29 | €89,624 | €89,624 | = | 0.0% |
| Other amounts receivable | 291 | €89,624 | €89,624 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €16,945 | €13,412 | -€3,533 | -20.9% |
| Trade receivables | 40 | €3,533 | - | -€3,533 | |
| Other amounts receivable | 41 | €13,412 | €13,412 | = | 0.0% |
| Current investments | 50/53 | €24,596 | €49,596 | +€25,000 | +101.6% |
| Cash at bank and in hand | 54/58 | €60,759 | €77,773 | +€17,014 | +28.0% |
| Deferred charges and accrued income | 490/1 | €3,485 | €1,695 | -€1,789 | -51.4% |
| Total equity and liabilities | 10/49 | €431,029 | €469,312 | +€38,283 | +8.9% |
| Equity | 10/15 | €298,446 | €325,319 | +€26,873 | +9.0% |
| Contributions | 10/11 | €6,046 | €6,046 | = | 0.0% |
| Capital | 10 | €6,046 | €6,046 | = | 0.0% |
| Issued capital | 100 | €18,446 | €18,446 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €292,400 | €319,272 | +€26,873 | +9.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €290,540 | €317,412 | +€26,873 | +9.2% |
| Amounts payable | 17/49 | €132,583 | €143,993 | +€11,410 | +8.6% |
| Amounts payable after more than one year | 17 | €75,616 | €70,562 | -€5,053 | -6.7% |
| Financial debts | 170/4 | €75,616 | €70,562 | -€5,053 | -6.7% |
| Amounts payable within one year | 42/48 | €49,108 | €64,137 | +€15,029 | +30.6% |
| Trade debts | 44 | €8,293 | €22,932 | +€14,638 | +176.5% |
| Suppliers | 440/4 | €8,293 | €22,932 | +€14,638 | +176.5% |
| Taxes, remuneration and social security | 45 | €6,638 | €6,308 | -€330 | -5.0% |
| Taxes | 450/3 | €6,638 | €6,308 | -€330 | -5.0% |
| Other amounts payable | 47/48 | €34,177 | €34,898 | +€721 | +2.1% |
| Accrued charges and deferred income | 492/3 | €7,859 | €9,294 | +€1,434 | +18.3% |
| Remuneration, social security and pensions | 62 | €8,951 | €2,810 | -€6,141 | -68.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,167 | €11,879 | +€712 | +6.4% |
| Other operating charges | 640/8 | €647 | €204 | -€444 | -68.5% |
| Non-recurring operating charges | 66A | €2,648 | - | -€2,648 | |
| Gross operating margin | 9900 | €43,118 | €43,828 | +€710 | +1.6% |
| Operating profit (loss) | 9901 | €19,705 | €28,936 | +€9,231 | +46.8% |
| Financial income | 75/76B | €847 | €12,216 | +€11,369 | +1342.8% |
| Recurring financial income | 75 | €38 | €11,976 | +€11,938 | +31087.3% |
| Non-recurring financial income | 76B | €808 | €240 | -€568 | -70.3% |
| Financial charges | 65/66B | €4,590 | €2,130 | -€2,460 | -53.6% |
| Recurring financial charges | 65 | €4,590 | €2,130 | -€2,460 | -53.6% |
| Profit (loss) for the period before taxes | 9903 | €15,962 | €39,023 | +€23,061 | +144.5% |
| Income taxes | 67/77 | €5,235 | €11,317 | +€6,081 | +116.2% |
| Profit (loss) for the period | 9904 | €10,726 | €27,706 | +€16,979 | +158.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,726 | €27,706 | +€16,979 | +158.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.