JBC GROUP: 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.
JBC GROUP
Largest movements
- Receivables within one year +€40,012
up €40,012 (+267.3%), from €14,969 to €54,981
of which Trade receivables: +€31,648
- Cash +€8,169
up €8,169 (+1247.4%), from €655 to €8,824
mainly Trade debts (+€47,243) and Net result for the year (+€2,088)
- Tangible fixed assets -€1,818
down €1,818 (-65.4%), from €2,779 to €961
- Financial fixed assets +€1,500
new in 2025: €1,500
- Deferred charges and accrued income +€710
new in 2025: €710
- Trade debts +€47,243
up €47,243 (+107394.2%), from €44 to €47,287
- Profit (loss) carried forward +€2,088
up €2,088 (+59.6%), from -€3,502 to -€1,414
- Tax, wage and social debts -€1,214
down €1,214 (-17.2%), from €7,056 to €5,841
of which Remuneration and social security: -€1,657
- Gross operating margin +€9,503
up €9,503, from -€1,479 to €8,024
- Staff costs +€3,791
new in 2025: €3,791
- Taxes +€766
up €766 (+137.1%), from €559 to €1,325
- Other operating charges -€257
down €257 (-89.5%), from €287 to €30
- Depreciation +€246
up €246 (+58.4%), from €421 to €667
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 | €18,403 | €66,975 | +€48,572 | +263.9% |
| Fixed assets | 21/28 | €2,779 | €2,461 | -€318 | -11.5% |
| Tangible fixed assets | 22/27 | €2,779 | €961 | -€1,818 | -65.4% |
| Furniture and vehicles | 24 | €2,779 | €961 | -€1,818 | -65.4% |
| Financial fixed assets | 28 | - | €1,500 | +€1,500 | |
| Current assets | 29/58 | €15,624 | €64,515 | +€48,891 | +312.9% |
| Amounts receivable within one year | 40/41 | €14,969 | €54,981 | +€40,012 | +267.3% |
| Trade receivables | 40 | €12,291 | €43,939 | +€31,648 | +257.5% |
| Other amounts receivable | 41 | €2,678 | €11,043 | +€8,365 | +312.4% |
| Cash at bank and in hand | 54/58 | €655 | €8,824 | +€8,169 | +1247.4% |
| Deferred charges and accrued income | 490/1 | - | €710 | +€710 | |
| Total equity and liabilities | 10/49 | €18,403 | €66,975 | +€48,572 | +263.9% |
| Equity | 10/15 | -€1,502 | €586 | +€2,088 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,502 | -€1,414 | +€2,088 | +59.6% |
| Amounts payable | 17/49 | €19,905 | €66,390 | +€46,485 | +233.5% |
| Amounts payable within one year | 42/48 | €19,905 | €66,390 | +€46,485 | +233.5% |
| Trade debts | 44 | €44 | €47,287 | +€47,243 | +107394.2% |
| Suppliers | 440/4 | €44 | €47,287 | +€47,243 | +107394.2% |
| Taxes, remuneration and social security | 45 | €7,056 | €5,841 | -€1,214 | -17.2% |
| Taxes | 450/3 | €1,459 | €1,901 | +€442 | +30.3% |
| Remuneration and social security | 454/9 | €5,597 | €3,940 | -€1,657 | -29.6% |
| Other amounts payable | 47/48 | €12,805 | €13,262 | +€456 | +3.6% |
| Non-recurring operating income | 76A | - | €348 | +€348 | |
| Remuneration, social security and pensions | 62 | - | €3,791 | +€3,791 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €421 | €667 | +€246 | +58.4% |
| Other operating charges | 640/8 | €287 | €30 | -€257 | -89.5% |
| Non-recurring operating charges | 66A | €625 | - | -€625 | |
| Gross operating margin | 9900 | -€1,479 | €8,024 | +€9,503 | |
| Operating profit (loss) | 9901 | -€2,811 | €3,536 | +€6,347 | |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €132 | €123 | -€9 | -6.9% |
| Recurring financial charges | 65 | €132 | €123 | -€9 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | -€2,943 | €3,413 | +€6,356 | |
| Income taxes | 67/77 | €559 | €1,325 | +€766 | +137.1% |
| Profit (loss) for the period | 9904 | -€3,502 | €2,088 | +€5,590 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,502 | €2,088 | +€5,590 |
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 7 October 2026 via checked.be.