JB1: 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.
JB1
Largest movements
- Tangible fixed assets -€14,430
down €14,430 (-5.5%), from €260,345 to €245,915
of which Plant, machinery and equipment: -€12,975
- Receivables within one year +€12,047
up €12,047 (+3.1%), from €389,090 to €401,137
of which Other amounts receivable: +€13,731
- Cash -€7,990
down €7,990 (-40.5%), from €19,715 to €11,725
mainly Contributions, distributions and other (-€228,274) and Debts after one year (-€23,573)
- Debts after one year -€23,573
down €23,573 (-8.2%), from €285,869 to €262,297
- Other debts +€9,449
up €9,449 (+4.3%), from €218,825 to €228,274
- Gross operating margin +€9,767
up €9,767 (+3.0%), from €323,590 to €333,358
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 | €669,150 | €658,777 | -€10,373 | -1.6% |
| Fixed assets | 21/28 | €260,345 | €245,915 | -€14,430 | -5.5% |
| Tangible fixed assets | 22/27 | €260,345 | €245,915 | -€14,430 | -5.5% |
| Land and buildings | 22 | €165,411 | €165,411 | = | 0.0% |
| Plant, machinery and equipment | 23 | €82,961 | €69,986 | -€12,975 | -15.6% |
| Furniture and vehicles | 24 | €11,973 | €10,519 | -€1,454 | -12.1% |
| Current assets | 29/58 | €408,805 | €412,861 | +€4,057 | +1.0% |
| Amounts receivable within one year | 40/41 | €389,090 | €401,137 | +€12,047 | +3.1% |
| Trade receivables | 40 | €5,241 | €3,557 | -€1,684 | -32.1% |
| Other amounts receivable | 41 | €383,849 | €397,579 | +€13,731 | +3.6% |
| Cash at bank and in hand | 54/58 | €19,715 | €11,725 | -€7,990 | -40.5% |
| Total equity and liabilities | 10/49 | €669,150 | €658,777 | -€10,373 | -1.6% |
| Equity | 10/15 | €70,450 | €70,450 | = | 0.0% |
| Contributions | 10/11 | €64,045 | €64,045 | = | 0.0% |
| Capital | 10 | €64,045 | €64,045 | = | 0.0% |
| Issued capital | 100 | €64,045 | €64,045 | = | 0.0% |
| Reserves | 13 | €6,405 | €6,405 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,405 | €6,405 | = | 0.0% |
| Legal reserve | 130 | €6,405 | €6,405 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €598,700 | €588,327 | -€10,373 | -1.7% |
| Amounts payable after more than one year | 17 | €285,869 | €262,297 | -€23,573 | -8.2% |
| Financial debts | 170/4 | €285,869 | €262,297 | -€23,573 | -8.2% |
| Amounts payable within one year | 42/48 | €312,356 | €323,118 | +€10,762 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €25,055 | €25,518 | +€462 | +1.8% |
| Financial debts | 43 | €35,381 | €38,148 | +€2,766 | +7.8% |
| Credit institutions | 430/8 | €35,381 | €38,148 | +€2,766 | +7.8% |
| Trade debts | 44 | €11,127 | €5,617 | -€5,511 | -49.5% |
| Suppliers | 440/4 | €11,127 | €5,617 | -€5,511 | -49.5% |
| Taxes, remuneration and social security | 45 | €21,968 | €25,562 | +€3,595 | +16.4% |
| Taxes | 450/3 | €21,968 | €25,562 | +€3,595 | +16.4% |
| Other amounts payable | 47/48 | €218,825 | €228,274 | +€9,449 | +4.3% |
| Accrued charges and deferred income | 492/3 | €474 | €2,912 | +€2,438 | +514.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,152 | €14,430 | -€1,722 | -10.7% |
| Other operating charges | 640/8 | €20,712 | €21,319 | +€607 | +2.9% |
| Gross operating margin | 9900 | €323,590 | €333,358 | +€9,767 | +3.0% |
| Operating profit (loss) | 9901 | €286,726 | €297,609 | +€10,883 | +3.8% |
| Financial income | 75/76B | €13,533 | €14,405 | +€872 | +6.4% |
| Recurring financial income | 75 | €13,533 | €14,405 | +€872 | +6.4% |
| Financial charges | 65/66B | €7,715 | €7,292 | -€424 | -5.5% |
| Recurring financial charges | 65 | €7,715 | €7,292 | -€424 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €292,543 | €304,721 | +€12,178 | +4.2% |
| Income taxes | 67/77 | €73,718 | €76,448 | +€2,730 | +3.7% |
| Profit (loss) for the period | 9904 | €218,825 | €228,274 | +€9,449 | +4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €218,825 | €228,274 | +€9,449 | +4.3% |
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 12 October 2026 via checked.be.