JBE LAW: 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.
JBE LAW
Largest movements
- Cash +€31,736
up €31,736 (+15.5%), from €205,146 to €236,882
mainly Net result for the year (+€172,701) and Other debts (+€118,325)
- Intangible fixed assets -€25,081
down €25,081 (-33.7%), from €74,345 to €49,264
- Receivables within one year +€4,850
up €4,850 (+8.7%), from €55,739 to €60,589
of which Other amounts receivable: +€21,141
- Other debts +€118,325
up €118,325 (+78.0%), from €151,675 to €270,000
- Profit (loss) carried forward -€97,299
down €97,299 (-76.8%), from €126,710 to €29,411
- Tax, wage and social debts -€15,757
down €15,757 (-48.0%), from €32,830 to €17,073
- Trade debts +€3,655
up €3,655 (+35.2%), from €10,398 to €14,052
- Gross operating margin +€29,690
up €29,690 (+13.3%), from €222,898 to €252,588
- Taxes +€7,860
up €7,860 (+17.6%), from €44,736 to €52,596
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 | €341,705 | €350,629 | +€8,924 | +2.6% |
| Fixed assets | 21/28 | €79,815 | €51,894 | -€27,921 | -35.0% |
| Intangible fixed assets | 21 | €74,345 | €49,264 | -€25,081 | -33.7% |
| Tangible fixed assets | 22/27 | €5,427 | €2,587 | -€2,840 | -52.3% |
| Furniture and vehicles | 24 | €5,427 | €2,587 | -€2,840 | -52.3% |
| Financial fixed assets | 28 | €42 | €42 | = | 0.0% |
| Current assets | 29/58 | €261,890 | €298,735 | +€36,845 | +14.1% |
| Amounts receivable within one year | 40/41 | €55,739 | €60,589 | +€4,850 | +8.7% |
| Trade receivables | 40 | €55,739 | €39,448 | -€16,291 | -29.2% |
| Other amounts receivable | 41 | - | €21,141 | +€21,141 | |
| Cash at bank and in hand | 54/58 | €205,146 | €236,882 | +€31,736 | +15.5% |
| Deferred charges and accrued income | 490/1 | €1,005 | €1,264 | +€258 | +25.7% |
| Total equity and liabilities | 10/49 | €341,705 | €350,629 | +€8,924 | +2.6% |
| Equity | 10/15 | €146,802 | €49,504 | -€97,299 | -66.3% |
| Contributions | 10/11 | €20,092 | €20,092 | = | 0.0% |
| Profit (loss) carried forward | 14 | €126,710 | €29,411 | -€97,299 | -76.8% |
| Amounts payable | 17/49 | €194,903 | €301,125 | +€106,223 | +54.5% |
| Amounts payable within one year | 42/48 | €194,903 | €301,125 | +€106,223 | +54.5% |
| Trade debts | 44 | €10,398 | €14,052 | +€3,655 | +35.2% |
| Suppliers | 440/4 | €10,398 | €14,052 | +€3,655 | +35.2% |
| Taxes, remuneration and social security | 45 | €32,830 | €17,073 | -€15,757 | -48.0% |
| Taxes | 450/3 | €32,830 | €17,073 | -€15,757 | -48.0% |
| Other amounts payable | 47/48 | €151,675 | €270,000 | +€118,325 | +78.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,552 | €27,921 | +€368 | +1.3% |
| Other operating charges | 640/8 | €387 | €969 | +€582 | +150% |
| Gross operating margin | 9900 | €222,898 | €252,588 | +€29,690 | +13.3% |
| Operating profit (loss) | 9901 | €194,958 | €223,699 | +€28,740 | +14.7% |
| Financial income | 75/76B | - | €2,008 | +€2,008 | |
| Recurring financial income | 75 | - | €2,008 | +€2,008 | |
| Financial charges | 65/66B | €233 | €409 | +€176 | +75.3% |
| Recurring financial charges | 65 | €233 | €409 | +€176 | +75.3% |
| Profit (loss) for the period before taxes | 9903 | €194,725 | €225,297 | +€30,572 | +15.7% |
| Income taxes | 67/77 | €44,736 | €52,596 | +€7,860 | +17.6% |
| Profit (loss) for the period | 9904 | €149,989 | €172,701 | +€22,713 | +15.1% |
| Profit (loss) for the period to be appropriated | 9905 | €149,989 | €172,701 | +€22,713 | +15.1% |
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 28 October 2026 via checked.be.