JBCO: 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.
JBCO
Largest movements
- Receivables within one year +€8,985
up €8,985 (+753%), from €1,193 to €10,178
of which Trade receivables: +€9,218
- Financial fixed assets +€1,560
up €1,560 (+260%), from €600 to €2,160
- Cash +€981
up €981 (+2.3%), from €43,257 to €44,239
mainly Net result for the year (+€7,611) and Other debts (+€1,919)
- Reserves +€7,611
up €7,611 (+13.6%), from €55,899 to €63,510
- Other debts +€1,919
up €1,919 (+35.8%), from €5,364 to €7,283
- Tax, wage and social debts +€1,333
new in 2025: €1,333
- Gross operating margin -€9,950
down €9,950 (-54.3%), from €18,331 to €8,381
- Taxes -€6,000
down €6,000 (-100%), from €6,000 to €0
- Financial charges +€317
up €317 (+49.3%), from €643 to €960
- Financial income +€281
up €281 (+1,000%), from €28 to €309
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 | €62,529 | €74,055 | +€11,526 | +18.4% |
| Fixed assets | 21/28 | €18,079 | €19,639 | +€1,560 | +8.6% |
| Tangible fixed assets | 22/27 | €17,479 | €17,479 | = | 0.0% |
| Furniture and vehicles | 24 | €17,479 | €17,479 | = | 0.0% |
| Financial fixed assets | 28 | €600 | €2,160 | +€1,560 | +260% |
| Current assets | 29/58 | €44,450 | €54,417 | +€9,966 | +22.4% |
| Amounts receivable within one year | 40/41 | €1,193 | €10,178 | +€8,985 | +753% |
| Trade receivables | 40 | €960 | €10,178 | +€9,218 | +960% |
| Other amounts receivable | 41 | €233 | €0 | -€233 | -100% |
| Cash at bank and in hand | 54/58 | €43,257 | €44,239 | +€981 | +2.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €62,529 | €74,055 | +€11,526 | +18.4% |
| Equity | 10/15 | €56,899 | €64,510 | +€7,611 | +13.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €55,899 | €63,510 | +€7,611 | +13.6% |
| Distributable reserves | 133 | €55,899 | €63,510 | +€7,611 | +13.6% |
| Amounts payable | 17/49 | €5,629 | €9,545 | +€3,916 | +69.6% |
| Amounts payable within one year | 42/48 | €5,629 | €9,545 | +€3,916 | +69.6% |
| Trade debts | 44 | €265 | €930 | +€664 | +251% |
| Suppliers | 440/4 | €265 | €930 | +€664 | +251% |
| Taxes, remuneration and social security | 45 | - | €1,333 | +€1,333 | |
| Taxes | 450/3 | - | €1,333 | +€1,333 | |
| Other amounts payable | 47/48 | €5,364 | €7,283 | +€1,919 | +35.8% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €18,331 | €8,381 | -€9,950 | -54.3% |
| Operating profit (loss) | 9901 | €18,213 | €8,261 | -€9,952 | -54.6% |
| Financial income | 75/76B | €28 | €309 | +€281 | +1,000% |
| Recurring financial income | 75 | €28 | €309 | +€281 | +1,000% |
| Financial charges | 65/66B | €643 | €960 | +€317 | +49.3% |
| Recurring financial charges | 65 | €643 | €960 | +€317 | +49.3% |
| Profit (loss) for the period before taxes | 9903 | €17,598 | €7,611 | -€9,988 | -56.8% |
| Income taxes | 67/77 | €6,000 | €0 | -€6,000 | -100% |
| Profit (loss) for the period | 9904 | €11,598 | €7,611 | -€3,988 | -34.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,598 | €7,611 | -€3,988 | -34.4% |
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 18 October 2026 via checked.be.