JBA project: 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.
What changed
JBA project
NACE 68.122, Development of non-residential building projects
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€15,149
2024 · -€48,426+€33,277
Equity
€218,934
2024 · €234,083-€15,149
Cash
€28,743
2024 · €61,302-€32,559
Balance sheet total
€4.0m
2024 · €3.9m+€29,274
Largest movements
Assets
- Deferred charges and accrued income +€65,090
new in 2025: €65,090
Equity and liabilities
- Debts after one year +€103,382
up €103,382 (+3.2%), from €3.2m to €3.3m
of which Financial debts: +€103,382
- Trade debts -€48,890
down €48,890 (-75.8%), from €64,505 to €15,615
Income statement
- Gross operating margin +€123,511
up €123,511 (+2785.3%), from €4,434 to €127,946
- Depreciation +€67,736
up €67,736 (+196.1%), from €34,544 to €102,279
- Financial charges +€24,235
up €24,235 (+177.0%), from €13,694 to €37,929
- Other operating charges -€4,052
down €4,052 (-58.4%), from €6,939 to €2,888
- Financial income -€2,315
down €2,315 (-100.0%), from €2,316 to €1
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.
Result 2024
-€48,426
Gross operating margin
+€123,511
Depreciation
-€67,736
Other operating charges
+€4,052
Financial income
-€2,315
Financial charges
-€24,235
Result 2025
-€15,149
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.
From operations
-€61,473
Investment
-€80,573
Financing
+€109,486
Cash 2024
€61,302
From operations (derived)
-€61,473
Net result for the year
-€15,149
Depreciation
+€102,279
Receivables within one year
-€18,449
Deferred charges and accrued income
-€65,090
Trade debts
-€48,890
Tax, wage and social debts
-€17,994
Other debts
+€152
Accrued charges and deferred income
+€1,670
Investment (derived)
-€80,573
Investment in fixed assets (net)
-€80,573
Financing
+€109,486
Debts after one year
+€103,382
Current portion of long-term debt
+€6,104
Cash 2025
€28,743
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,936,503 | €3,965,777 | +€29,274 | +0.7% |
| Fixed assets | 21/28 | €3,863,238 | €3,841,531 | -€21,707 | -0.6% |
| Tangible fixed assets | 22/27 | €3,863,238 | €3,841,531 | -€21,707 | -0.6% |
| Land and buildings | 22 | €3,861,313 | €3,838,984 | -€22,329 | -0.6% |
| Plant, machinery and equipment | 23 | €1,925 | €1,405 | -€520 | -27.0% |
| Furniture and vehicles | 24 | - | €1,142 | +€1,142 | |
| Current assets | 29/58 | €73,265 | €124,246 | +€50,980 | +69.6% |
| Stocks and contracts in progress | 3 | €11,912 | €11,912 | = | 0.0% |
| Stocks | 30/36 | €11,912 | €11,912 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €51 | €18,500 | +€18,449 | +36246.2% |
| Trade receivables | 40 | - | €18,500 | +€18,500 | |
| Other amounts receivable | 41 | €51 | €0 | -€51 | -99.6% |
| Cash at bank and in hand | 54/58 | €61,302 | €28,743 | -€32,559 | -53.1% |
| Deferred charges and accrued income | 490/1 | - | €65,090 | +€65,090 | |
| Total equity and liabilities | 10/49 | €3,936,503 | €3,965,777 | +€29,274 | +0.7% |
| Equity | 10/15 | €234,083 | €218,934 | -€15,149 | -6.5% |
| Contributions | 10/11 | €590,437 | €590,437 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€356,354 | -€371,503 | -€15,149 | -4.3% |
| Amounts payable | 17/49 | €3,702,420 | €3,746,843 | +€44,423 | +1.2% |
| Amounts payable after more than one year | 17 | €3,214,954 | €3,318,337 | +€103,382 | +3.2% |
| Financial debts | 170/4 | €745,954 | €849,337 | +€103,382 | +13.9% |
| Other amounts payable | 178/9 | €2,469,000 | €2,469,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €482,960 | €422,331 | -€60,629 | -12.6% |
| Current portion of amounts payable after more than one year | 42 | €42,050 | €48,154 | +€6,104 | +14.5% |
| Financial debts | 43 | €250,000 | €250,000 | = | 0.0% |
| Other loans | 439 | €250,000 | €250,000 | = | 0.0% |
| Trade debts | 44 | €64,505 | €15,615 | -€48,890 | -75.8% |
| Suppliers | 440/4 | €64,505 | €15,615 | -€48,890 | -75.8% |
| Taxes, remuneration and social security | 45 | €19,706 | €1,712 | -€17,994 | -91.3% |
| Taxes | 450/3 | €19,706 | €1,712 | -€17,994 | -91.3% |
| Other amounts payable | 47/48 | €106,699 | €106,851 | +€152 | +0.1% |
| Accrued charges and deferred income | 492/3 | €4,506 | €6,175 | +€1,670 | +37.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,544 | €102,279 | +€67,736 | +196.1% |
| Other operating charges | 640/8 | €6,939 | €2,888 | -€4,052 | -58.4% |
| Gross operating margin | 9900 | €4,434 | €127,946 | +€123,511 | +2785.3% |
| Operating profit (loss) | 9901 | -€37,049 | €22,779 | +€59,827 | |
| Financial income | 75/76B | €2,316 | €1 | -€2,315 | -100.0% |
| Recurring financial income | 75 | €2,316 | €1 | -€2,315 | -100.0% |
| Financial charges | 65/66B | €13,694 | €37,929 | +€24,235 | +177.0% |
| Recurring financial charges | 65 | €13,694 | €37,929 | +€24,235 | +177.0% |
| Profit (loss) for the period before taxes | 9903 | -€48,426 | -€15,149 | +€33,277 | +68.7% |
| Profit (loss) for the period | 9904 | -€48,426 | -€15,149 | +€33,277 | +68.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€48,426 | -€15,149 | +€33,277 | +68.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.