JB REAL ESTATE: 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 REAL ESTATE
Largest movements
- Receivables within one year +€110,173
up €110,173 (+11.2%), from €984,392 to €1.1m
of which Other amounts receivable: +€109,919
- Tangible fixed assets -€55,946
down €55,946 (-2.1%), from €2.7m to €2.6m
- Profit (loss) carried forward +€113,992
up €113,992 (+25.8%), from -€442,542 to -€328,550
- Short-term financial debts -€57,379
down €57,379 (-100%), from €57,379 to €0
- Gross operating margin +€66,747
up €66,747 (+60.4%), from €110,570 to €177,316
- Depreciation +€22,758
up €22,758 (+54.8%), from €41,515 to €64,273
- Other operating charges +€7,328
up €7,328 (+44.6%), from €16,429 to €23,757
- Financial charges +€3,464
up €3,464 (+6.9%), from €50,496 to €53,960
- Financial income +€1,984
up €1,984 (+3.6%), from €55,310 to €57,294
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 | €3,644,447 | €3,700,185 | +€55,737 | +1.5% |
| Fixed assets | 21/28 | €2,657,920 | €2,601,974 | -€55,946 | -2.1% |
| Tangible fixed assets | 22/27 | €2,657,920 | €2,601,974 | -€55,946 | -2.1% |
| Land and buildings | 22 | €2,657,920 | €2,601,974 | -€55,946 | -2.1% |
| Current assets | 29/58 | €986,528 | €1,098,211 | +€111,683 | +11.3% |
| Amounts receivable within one year | 40/41 | €984,392 | €1,094,565 | +€110,173 | +11.2% |
| Trade receivables | 40 | €7,513 | €7,767 | +€253 | +3.4% |
| Other amounts receivable | 41 | €976,879 | €1,086,798 | +€109,919 | +11.3% |
| Cash at bank and in hand | 54/58 | €184 | €250 | +€66 | +36.0% |
| Deferred charges and accrued income | 490/1 | €1,952 | €3,397 | +€1,445 | +74.0% |
| Total equity and liabilities | 10/49 | €3,644,447 | €3,700,185 | +€55,737 | +1.5% |
| Equity | 10/15 | €2,126,877 | €2,224,840 | +€97,964 | +4.6% |
| Contributions | 10/11 | €2,074,621 | €2,074,621 | = | 0.0% |
| Reserves | 13 | €494,798 | €478,769 | -€16,029 | -3.2% |
| Tax-exempt reserves | 132 | €494,798 | €478,769 | -€16,029 | -3.2% |
| Profit (loss) carried forward | 14 | -€442,542 | -€328,550 | +€113,992 | +25.8% |
| Provisions and deferred taxes | 16 | €164,933 | €159,590 | -€5,343 | -3.2% |
| Deferred taxes | 168 | €164,933 | €159,590 | -€5,343 | -3.2% |
| Amounts payable | 17/49 | €1,352,638 | €1,315,755 | -€36,884 | -2.7% |
| Amounts payable after more than one year | 17 | €1,220,421 | €1,211,687 | -€8,734 | -0.7% |
| Financial debts | 170/4 | €1,220,421 | €1,211,687 | -€8,734 | -0.7% |
| Amounts payable within one year | 42/48 | €129,357 | €101,053 | -€28,305 | -21.9% |
| Current portion of amounts payable after more than one year | 42 | €58,744 | €80,635 | +€21,892 | +37.3% |
| Financial debts | 43 | €57,379 | €0 | -€57,379 | -100% |
| Credit institutions | 430/8 | €57,379 | €0 | -€57,379 | -100% |
| Trade debts | 44 | €13,235 | €14,955 | +€1,721 | +13.0% |
| Suppliers | 440/4 | €13,235 | €14,955 | +€1,721 | +13.0% |
| Other amounts payable | 47/48 | - | €5,462 | +€5,462 | |
| Accrued charges and deferred income | 492/3 | €2,860 | €3,015 | +€155 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,515 | €64,273 | +€22,758 | +54.8% |
| Other operating charges | 640/8 | €16,429 | €23,757 | +€7,328 | +44.6% |
| Gross operating margin | 9900 | €110,570 | €177,316 | +€66,747 | +60.4% |
| Operating profit (loss) | 9901 | €52,626 | €89,287 | +€36,661 | +69.7% |
| Financial income | 75/76B | €55,310 | €57,294 | +€1,984 | +3.6% |
| Recurring financial income | 75 | €55,310 | €57,294 | +€1,984 | +3.6% |
| Financial charges | 65/66B | €50,496 | €53,960 | +€3,464 | +6.9% |
| Recurring financial charges | 65 | €50,496 | €53,960 | +€3,464 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | €57,440 | €92,621 | +€35,181 | +61.2% |
| Transfer from deferred taxes | 780 | €3,236 | €5,343 | +€2,107 | +65.1% |
| Profit (loss) for the period | 9904 | €60,676 | €97,964 | +€37,288 | +61.5% |
| Transfer from tax-exempt reserves | 789 | €9,708 | €16,029 | +€6,321 | +65.1% |
| Profit (loss) for the period to be appropriated | 9905 | €70,384 | €113,992 | +€43,608 | +62.0% |
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 31 October 2026 via checked.be.