JB Realis: 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 Realis
Largest movements
- Stocks and contracts -€194,976
down €194,976 (-35.7%), from €545,430 to €350,453
- Tangible fixed assets +€22,500
new in 2025: €22,500
- Other debts -€302,456
down €302,456 (-100.0%), from €302,456 to €0
- Debts after one year +€89,221
up €89,221 (+29.7%), from €300,000 to €389,221
of which Other amounts payable: +€75,679
- Profit (loss) carried forward +€23,628
up €23,628 (+91.8%), from -€25,747 to -€2,120
- Trade debts +€17,263
up €17,263 (+238.6%), from €7,236 to €24,499
- Accrued charges and deferred income -€11,410
down €11,410 (-100.0%), from €11,410 to €0
- Gross operating margin +€44,789
up €44,789, from -€12,559 to €32,230
- Financial charges -€4,331
down €4,331 (-37.8%), from €11,461 to €7,130
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 | €598,354 | €424,673 | -€173,681 | -29.0% |
| Fixed assets | 21/28 | - | €22,500 | +€22,500 | |
| Tangible fixed assets | 22/27 | - | €22,500 | +€22,500 | |
| Furniture and vehicles | 24 | - | €22,500 | +€22,500 | |
| Current assets | 29/58 | €598,354 | €402,173 | -€196,181 | -32.8% |
| Stocks and contracts in progress | 3 | €545,430 | €350,453 | -€194,976 | -35.7% |
| Stocks | 30/36 | €545,430 | €350,453 | -€194,976 | -35.7% |
| Cash at bank and in hand | 54/58 | €50,437 | €51,720 | +€1,283 | +2.5% |
| Deferred charges and accrued income | 490/1 | €2,488 | €0 | -€2,488 | -100.0% |
| Total equity and liabilities | 10/49 | €598,354 | €424,673 | -€173,681 | -29.0% |
| Equity | 10/15 | -€22,747 | €880 | +€23,628 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,747 | -€2,120 | +€23,628 | +91.8% |
| Amounts payable | 17/49 | €621,102 | €423,793 | -€197,309 | -31.8% |
| Amounts payable after more than one year | 17 | €300,000 | €389,221 | +€89,221 | +29.7% |
| Financial debts | 170/4 | - | €13,542 | +€13,542 | |
| Other amounts payable | 178/9 | €300,000 | €375,679 | +€75,679 | +25.2% |
| Amounts payable within one year | 42/48 | €309,691 | €34,572 | -€275,120 | -88.8% |
| Current portion of amounts payable after more than one year | 42 | - | €9,145 | +€9,145 | |
| Trade debts | 44 | €7,236 | €24,499 | +€17,263 | +238.6% |
| Suppliers | 440/4 | €7,236 | €24,499 | +€17,263 | +238.6% |
| Taxes, remuneration and social security | 45 | - | €928 | +€928 | |
| Taxes | 450/3 | - | €928 | +€928 | |
| Other amounts payable | 47/48 | €302,456 | €0 | -€302,456 | -100.0% |
| Accrued charges and deferred income | 492/3 | €11,410 | €0 | -€11,410 | -100.0% |
| Other operating charges | 640/8 | €1,728 | €1,472 | -€255 | -14.8% |
| Gross operating margin | 9900 | -€12,559 | €32,230 | +€44,789 | |
| Operating profit (loss) | 9901 | -€14,286 | €30,758 | +€45,044 | |
| Financial charges | 65/66B | €11,461 | €7,130 | -€4,331 | -37.8% |
| Recurring financial charges | 65 | €11,461 | €7,130 | -€4,331 | -37.8% |
| Profit (loss) for the period before taxes | 9903 | -€25,747 | €23,628 | +€49,375 | |
| Profit (loss) for the period | 9904 | -€25,747 | €23,628 | +€49,375 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,747 | €23,628 | +€49,375 |
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 6 October 2026 via checked.be.