JBDS: 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.
JBDS
Largest movements
- Current investments -€870,691
down €870,691 (-100.0%), from €870,691 to €0
- Receivables after one year -€250,000
down €250,000 (-100.0%), from €250,000 to €0
- Cash +€152,424
up €152,424 (+353.4%), from €43,132 to €195,556
mainly Current investments (+€870,691) and Net result for the year (+€469,117)
- Receivables within one year -€32,230
down €32,230 (-30.8%), from €104,479 to €72,248
of which Trade receivables: -€22,230
- Reserves -€1.2m
down €1.2m (-100.0%), from €1.2m to €0
- Other debts +€274,233
up €274,233 (+30865.4%), from €888 to €275,122
- Accrued charges and deferred income -€89,834
down €89,834 (-92.8%), from €96,846 to €7,012
- Tax, wage and social debts +€43,248
up €43,248 (+30.2%), from €143,010 to €186,258
- Debts after one year -€24,255
down €24,255 (-24.4%), from €99,582 to €75,327
- Gross operating margin -€89,254
down €89,254 (-13.3%), from €673,457 to €584,203
- Taxes -€7,398
down €7,398 (-4.7%), from €158,937 to €151,539
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 | €1,667,614 | €656,735 | -€1.0m | -60.6% |
| Fixed assets | 21/28 | €399,313 | €388,930 | -€10,383 | -2.6% |
| Tangible fixed assets | 22/27 | €391,645 | €381,262 | -€10,383 | -2.7% |
| Plant, machinery and equipment | 23 | €1,790 | €726 | -€1,063 | -59.4% |
| Furniture and vehicles | 24 | €262,214 | €263,794 | +€1,581 | +0.6% |
| Other tangible fixed assets | 26 | €127,641 | €116,741 | -€10,900 | -8.5% |
| Financial fixed assets | 28 | €7,668 | €7,668 | = | 0.0% |
| Current assets | 29/58 | €1,268,301 | €267,805 | -€1.0m | -78.9% |
| Amounts receivable after more than one year | 29 | €250,000 | €0 | -€250,000 | -100.0% |
| Other amounts receivable | 291 | €250,000 | €0 | -€250,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €104,479 | €72,248 | -€32,230 | -30.8% |
| Trade receivables | 40 | €50,541 | €28,311 | -€22,230 | -44.0% |
| Other amounts receivable | 41 | €53,938 | €43,938 | -€10,000 | -18.5% |
| Current investments | 50/53 | €870,691 | €0 | -€870,691 | -100.0% |
| Cash at bank and in hand | 54/58 | €43,132 | €195,556 | +€152,424 | +353.4% |
| Total equity and liabilities | 10/49 | €1,667,614 | €656,735 | -€1.0m | -60.6% |
| Equity | 10/15 | €1,242,806 | €18,600 | -€1.2m | -98.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,224,206 | €0 | -€1.2m | -100.0% |
| Distributable reserves | 133 | €1,224,206 | €0 | -€1.2m | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €424,808 | €638,135 | +€213,327 | +50.2% |
| Amounts payable after more than one year | 17 | €99,582 | €75,327 | -€24,255 | -24.4% |
| Financial debts | 170/4 | €99,582 | €75,327 | -€24,255 | -24.4% |
| Amounts payable within one year | 42/48 | €228,379 | €555,795 | +€327,416 | +143.4% |
| Current portion of amounts payable after more than one year | 42 | €23,494 | €24,255 | +€761 | +3.2% |
| Financial debts | 43 | €31,777 | €30,037 | -€1,740 | -5.5% |
| Credit institutions | 430/8 | €31,777 | €30,037 | -€1,740 | -5.5% |
| Trade debts | 44 | €29,210 | €40,123 | +€10,913 | +37.4% |
| Suppliers | 440/4 | €29,210 | €40,123 | +€10,913 | +37.4% |
| Taxes, remuneration and social security | 45 | €143,010 | €186,258 | +€43,248 | +30.2% |
| Taxes | 450/3 | €143,010 | €186,258 | +€43,248 | +30.2% |
| Other amounts payable | 47/48 | €888 | €275,122 | +€274,233 | +30865.4% |
| Accrued charges and deferred income | 492/3 | €96,846 | €7,012 | -€89,834 | -92.8% |
| Non-recurring operating income | 76A | €0 | €13,107 | +€13,107 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,116 | €23,283 | +€3,167 | +15.7% |
| Other operating charges | 640/8 | €2,461 | €1,735 | -€726 | -29.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €673,457 | €584,203 | -€89,254 | -13.3% |
| Operating profit (loss) | 9901 | €650,880 | €559,185 | -€91,695 | -14.1% |
| Financial income | 75/76B | €66,407 | €65,877 | -€530 | -0.8% |
| Recurring financial income | 75 | €66,407 | €65,877 | -€530 | -0.8% |
| Financial charges | 65/66B | €7,709 | €4,405 | -€3,303 | -42.9% |
| Recurring financial charges | 65 | €7,709 | €4,405 | -€3,303 | -42.9% |
| Profit (loss) for the period before taxes | 9903 | €709,578 | €620,657 | -€88,921 | -12.5% |
| Income taxes | 67/77 | €158,937 | €151,539 | -€7,398 | -4.7% |
| Profit (loss) for the period | 9904 | €550,641 | €469,117 | -€81,524 | -14.8% |
| Profit (loss) for the period to be appropriated | 9905 | €550,641 | €469,117 | -€81,524 | -14.8% |
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.