JBD MANAGEMENT: 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.
JBD MANAGEMENT
Largest movements
- Tangible fixed assets -€80,706
down €80,706 (-3.1%), from €2.6m to €2.5m
of which Land and buildings: -€85,424
- Cash -€33,012
down €33,012 (-47.5%), from €69,442 to €36,430
mainly Other debts (-€95,084) and Debts after one year (-€91,424)
- Other debts -€95,084
down €95,084 (-17.9%), from €531,169 to €436,085
- Debts after one year -€91,424
down €91,424 (-4.4%), from €2.1m to €2.0m
of which Financial debts: -€91,424
- Reserves +€52,000
up €52,000 (+154%), from €33,751 to €85,751
of which Distributable reserves: +€52,000
- Gross operating margin +€85,732
up €85,732 (+42.7%), from €200,710 to €286,442
- Taxes +€25,959
up €25,959 (+27,345%), from €95 to €26,054
- Other operating charges -€18,809
down €18,809 (-45.5%), from €41,380 to €22,572
- Financial charges +€10,254
up €10,254 (+13.4%), from €76,386 to €86,639
- Depreciation +€9,553
up €9,553 (+10.7%), from €89,285 to €98,837
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 | €2,765,330 | €2,645,077 | -€120,253 | -4.3% |
| Fixed assets | 21/28 | €2,657,775 | €2,576,568 | -€81,206 | -3.1% |
| Tangible fixed assets | 22/27 | €2,581,470 | €2,500,763 | -€80,706 | -3.1% |
| Land and buildings | 22 | €2,482,435 | €2,397,011 | -€85,424 | -3.4% |
| Plant, machinery and equipment | 23 | €12,168 | €15,440 | +€3,271 | +26.9% |
| Furniture and vehicles | 24 | €1,196 | €3,186 | +€1,989 | +166% |
| Other tangible fixed assets | 26 | €85,669 | €85,126 | -€543 | -0.6% |
| Financial fixed assets | 28 | €76,305 | €75,805 | -€500 | -0.7% |
| Current assets | 29/58 | €107,555 | €68,509 | -€39,046 | -36.3% |
| Amounts receivable within one year | 40/41 | €36,974 | €29,444 | -€7,530 | -20.4% |
| Trade receivables | 40 | €36,796 | €28,461 | -€8,335 | -22.7% |
| Other amounts receivable | 41 | €177 | €983 | +€805 | +454% |
| Cash at bank and in hand | 54/58 | €69,442 | €36,430 | -€33,012 | -47.5% |
| Deferred charges and accrued income | 490/1 | €1,139 | €2,635 | +€1,496 | +131% |
| Total equity and liabilities | 10/49 | €2,765,330 | €2,645,077 | -€120,253 | -4.3% |
| Equity | 10/15 | €52,495 | €105,296 | +€52,801 | +101% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €33,751 | €85,751 | +€52,000 | +154% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €251 | €251 | = | 0.0% |
| Distributable reserves | 133 | €28,500 | €80,500 | +€52,000 | +182% |
| Profit (loss) carried forward | 14 | €144 | €945 | +€801 | +558% |
| Amounts payable | 17/49 | €2,712,835 | €2,539,781 | -€173,054 | -6.4% |
| Amounts payable after more than one year | 17 | €2,066,988 | €1,975,564 | -€91,424 | -4.4% |
| Financial debts | 170/4 | €2,065,588 | €1,974,164 | -€91,424 | -4.4% |
| Other amounts payable | 178/9 | €1,400 | €1,400 | = | 0.0% |
| Amounts payable within one year | 42/48 | €645,782 | €564,153 | -€81,630 | -12.6% |
| Current portion of amounts payable after more than one year | 42 | €93,070 | €98,895 | +€5,825 | +6.3% |
| Trade debts | 44 | €2,743 | €5,357 | +€2,614 | +95.3% |
| Suppliers | 440/4 | €2,743 | €5,357 | +€2,614 | +95.3% |
| Advances received on contracts in progress | 46 | €8,995 | - | -€8,995 | |
| Taxes, remuneration and social security | 45 | €9,806 | €23,815 | +€14,009 | +143% |
| Taxes | 450/3 | €9,806 | €20,910 | +€11,104 | +113% |
| Remuneration and social security | 454/9 | - | €2,905 | +€2,905 | |
| Other amounts payable | 47/48 | €531,169 | €436,085 | -€95,084 | -17.9% |
| Accrued charges and deferred income | 492/3 | €64 | €64 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,285 | €98,837 | +€9,553 | +10.7% |
| Other operating charges | 640/8 | €41,380 | €22,572 | -€18,809 | -45.5% |
| Gross operating margin | 9900 | €200,710 | €286,442 | +€85,732 | +42.7% |
| Operating profit (loss) | 9901 | €70,045 | €165,033 | +€94,988 | +136% |
| Financial income | 75/76B | €233 | €461 | +€228 | +97.7% |
| Recurring financial income | 75 | €233 | €461 | +€228 | +97.7% |
| Financial charges | 65/66B | €76,386 | €86,639 | +€10,254 | +13.4% |
| Recurring financial charges | 65 | €76,386 | €86,639 | +€10,254 | +13.4% |
| Profit (loss) for the period before taxes | 9903 | -€6,107 | €78,855 | +€84,962 | |
| Income taxes | 67/77 | €95 | €26,054 | +€25,959 | +27,345% |
| Profit (loss) for the period | 9904 | -€6,202 | €52,801 | +€59,003 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,202 | €52,801 | +€59,003 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.