JBE SECURITY: 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 SECURITY
Largest movements
- Tangible fixed assets +€99,781
up €99,781 (+153%), from €65,072 to €164,853
of which Furniture and vehicles: +€97,428
- Receivables within one year +€47,588
up €47,588 (+31.7%), from €150,172 to €197,760
of which Trade receivables: +€33,628
- Intangible fixed assets +€26,573
new in 2025: €26,573
- Deferred charges and accrued income +€16,642
up €16,642 (+276%), from €6,035 to €22,677
- Cash +€15,503
up €15,503 (+16.4%), from €94,435 to €109,938
mainly Debts after one year (+€105,986) and Trade debts (+€58,468)
- Debts after one year +€105,986
up €105,986 (+1,154%), from €9,186 to €115,173
- Trade debts +€58,468
up €58,468 (+162%), from €35,983 to €94,451
- Reserves +€31,005
up €31,005 (+17.8%), from €174,371 to €205,375
- Current portion of long-term debt +€18,636
up €18,636 (+15.5%), from €120,306 to €138,941
- Gross operating margin +€92,287
up €92,287 (+28.0%), from €329,334 to €421,621
- Staff costs +€74,597
up €74,597 (+29.8%), from €250,382 to €324,980
- Depreciation +€7,216
up €7,216 (+25.5%), from €28,329 to €35,545
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 | €366,593 | €584,309 | +€217,716 | +59.4% |
| Fixed assets | 21/28 | €65,072 | €191,426 | +€126,354 | +194% |
| Intangible fixed assets | 21 | - | €26,573 | +€26,573 | |
| Tangible fixed assets | 22/27 | €65,072 | €164,853 | +€99,781 | +153% |
| Plant, machinery and equipment | 23 | €8,708 | €13,699 | +€4,991 | +57.3% |
| Furniture and vehicles | 24 | €36,811 | €134,239 | +€97,428 | +265% |
| Other tangible fixed assets | 26 | €19,553 | €16,915 | -€2,637 | -13.5% |
| Current assets | 29/58 | €301,521 | €392,883 | +€91,362 | +30.3% |
| Stocks and contracts in progress | 3 | €50,879 | €62,508 | +€11,629 | +22.9% |
| Stocks | 30/36 | €50,879 | €62,508 | +€11,629 | +22.9% |
| Amounts receivable within one year | 40/41 | €150,172 | €197,760 | +€47,588 | +31.7% |
| Trade receivables | 40 | €132,625 | €166,253 | +€33,628 | +25.4% |
| Other amounts receivable | 41 | €17,547 | €31,507 | +€13,960 | +79.6% |
| Cash at bank and in hand | 54/58 | €94,435 | €109,938 | +€15,503 | +16.4% |
| Deferred charges and accrued income | 490/1 | €6,035 | €22,677 | +€16,642 | +276% |
| Total equity and liabilities | 10/49 | €366,593 | €584,309 | +€217,716 | +59.4% |
| Equity | 10/15 | €192,971 | €223,975 | +€31,005 | +16.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €174,371 | €205,375 | +€31,005 | +17.8% |
| Distributable reserves | 133 | €174,371 | €205,375 | +€31,005 | +17.8% |
| Amounts payable | 17/49 | €173,623 | €360,334 | +€186,712 | +108% |
| Amounts payable after more than one year | 17 | €9,186 | €115,173 | +€105,986 | +1,154% |
| Financial debts | 170/4 | €9,186 | €115,173 | +€105,986 | +1,154% |
| Amounts payable within one year | 42/48 | €164,436 | €245,162 | +€80,725 | +49.1% |
| Current portion of amounts payable after more than one year | 42 | €120,306 | €138,941 | +€18,636 | +15.5% |
| Trade debts | 44 | €35,983 | €94,451 | +€58,468 | +162% |
| Suppliers | 440/4 | €35,983 | €94,451 | +€58,468 | +162% |
| Taxes, remuneration and social security | 45 | €1,798 | €5,420 | +€3,622 | +201% |
| Taxes | 450/3 | €1,798 | €99 | -€1,699 | -94.5% |
| Remuneration and social security | 454/9 | - | €5,321 | +€5,321 | |
| Other amounts payable | 47/48 | €6,350 | €6,350 | = | 0.0% |
| Non-recurring operating income | 76A | - | €15,481 | +€15,481 | |
| Remuneration, social security and pensions | 62 | €250,382 | €324,980 | +€74,597 | +29.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,329 | €35,545 | +€7,216 | +25.5% |
| Other operating charges | 640/8 | €6,487 | €5,958 | -€529 | -8.2% |
| Gross operating margin | 9900 | €329,334 | €421,621 | +€92,287 | +28.0% |
| Operating profit (loss) | 9901 | €44,135 | €55,138 | +€11,003 | +24.9% |
| Financial income | 75/76B | €465 | €690 | +€225 | +48.3% |
| Recurring financial income | 75 | €465 | €690 | +€225 | +48.3% |
| Financial charges | 65/66B | €6,725 | €8,684 | +€1,959 | +29.1% |
| Recurring financial charges | 65 | €6,725 | €8,684 | +€1,959 | +29.1% |
| Profit (loss) for the period before taxes | 9903 | €37,876 | €47,144 | +€9,268 | +24.5% |
| Income taxes | 67/77 | €10,937 | €9,789 | -€1,148 | -10.5% |
| Profit (loss) for the period | 9904 | €26,939 | €37,355 | +€10,416 | +38.7% |
| Profit (loss) for the period to be appropriated | 9905 | €26,939 | €37,355 | +€10,416 | +38.7% |
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 17 October 2026 via checked.be.