JBA: 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.
JBA
Largest movements
- Cash -€225,843
down €225,843 (-77.0%), from €293,189 to €67,346
mainly Current investments (-€200,000) and Debts after one year (-€37,842)
- Current investments +€200,000
new in 2025: €200,000
- Tangible fixed assets -€74,115
down €74,115 (-27.2%), from €272,785 to €198,670
- Debts after one year -€37,842
down €37,842 (-18.8%), from €200,850 to €163,008
- Profit (loss) carried forward -€25,035
new in 2025: -€25,035
- Other debts -€21,237
no longer reported in 2025 (was €21,237)
- Tax, wage and social debts -€19,799
down €19,799 (-18.3%), from €108,328 to €88,528
- Trade debts -€7,138
down €7,138 (-63.4%), from €11,257 to €4,118
- Gross operating margin -€277,615
down €277,615 (-82.4%), from €337,007 to €59,392
- Taxes -€85,282
down €85,282 (-98.8%), from €86,308 to €1,026
- Depreciation +€9,528
up €9,528 (+14.8%), from €64,587 to €74,115
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 | €606,025 | €495,461 | -€110,563 | -18.2% |
| Fixed assets | 21/28 | €274,085 | €199,970 | -€74,115 | -27.0% |
| Tangible fixed assets | 22/27 | €272,785 | €198,670 | -€74,115 | -27.2% |
| Furniture and vehicles | 24 | €272,785 | €198,670 | -€74,115 | -27.2% |
| Financial fixed assets | 28 | €1,300 | €1,300 | = | 0.0% |
| Current assets | 29/58 | €331,939 | €295,491 | -€36,448 | -11.0% |
| Amounts receivable within one year | 40/41 | €32,497 | €26,489 | -€6,007 | -18.5% |
| Trade receivables | 40 | €22,497 | - | -€22,497 | |
| Other amounts receivable | 41 | €10,000 | €26,489 | +€16,489 | +165% |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €293,189 | €67,346 | -€225,843 | -77.0% |
| Deferred charges and accrued income | 490/1 | €6,253 | €1,655 | -€4,598 | -73.5% |
| Total equity and liabilities | 10/49 | €606,025 | €495,461 | -€110,563 | -18.2% |
| Equity | 10/15 | €227,925 | €201,965 | -€25,960 | -11.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €222,925 | €222,000 | -€925 | -0.4% |
| Distributable reserves | 133 | €222,925 | €222,000 | -€925 | -0.4% |
| Profit (loss) carried forward | 14 | - | -€25,035 | -€25,035 | |
| Amounts payable | 17/49 | €378,100 | €293,496 | -€84,603 | -22.4% |
| Amounts payable after more than one year | 17 | €200,850 | €163,008 | -€37,842 | -18.8% |
| Financial debts | 170/4 | €200,850 | €163,008 | -€37,842 | -18.8% |
| Amounts payable within one year | 42/48 | €177,250 | €130,489 | -€46,761 | -26.4% |
| Current portion of amounts payable after more than one year | 42 | €36,429 | €37,842 | +€1,413 | +3.9% |
| Trade debts | 44 | €11,257 | €4,118 | -€7,138 | -63.4% |
| Suppliers | 440/4 | €11,257 | €4,118 | -€7,138 | -63.4% |
| Taxes, remuneration and social security | 45 | €108,328 | €88,528 | -€19,799 | -18.3% |
| Taxes | 450/3 | €108,328 | €88,528 | -€19,799 | -18.3% |
| Other amounts payable | 47/48 | €21,237 | - | -€21,237 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,587 | €74,115 | +€9,528 | +14.8% |
| Other operating charges | 640/8 | €2,074 | €1,611 | -€463 | -22.3% |
| Gross operating margin | 9900 | €337,007 | €59,392 | -€277,615 | -82.4% |
| Operating profit (loss) | 9901 | €270,346 | -€16,334 | -€286,679 | |
| Financial income | 75/76B | €8 | €147 | +€139 | +1,750% |
| Recurring financial income | 75 | €8 | €147 | +€139 | +1,750% |
| Financial charges | 65/66B | €8,403 | €8,747 | +€344 | +4.1% |
| Recurring financial charges | 65 | €8,403 | €8,747 | +€344 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | €261,951 | -€24,934 | -€286,884 | |
| Income taxes | 67/77 | €86,308 | €1,026 | -€85,282 | -98.8% |
| Profit (loss) for the period | 9904 | €175,642 | -€25,960 | -€201,602 | |
| Profit (loss) for the period to be appropriated | 9905 | €175,642 | -€25,960 | -€201,602 |
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 26 October 2026 via checked.be.