JBEC: 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.
JBEC
Largest movements
- Receivables within one year +€19,689
up €19,689 (+197.3%), from €9,978 to €29,667
- Cash -€18,294
down €18,294 (-34.5%), from €52,969 to €34,674
mainly Debts after one year (-€20,000) and Receivables within one year (-€19,689)
- Tangible fixed assets -€6,356
down €6,356 (-41.1%), from €15,462 to €9,106
- Debts after one year -€20,000
no longer reported in 2025 (was €20,000)
- Reserves +€15,000
up €15,000 (+37.5%), from €40,000 to €55,000
- Tax, wage and social debts +€4,409
up €4,409 (+40.9%), from €10,785 to €15,194
- Other debts -€3,733
down €3,733 (-99.5%), from €3,753 to €20
- Accrued charges and deferred income -€1,103
down €1,103 (-94.3%), from €1,170 to €67
- Gross operating margin +€8,585
up €8,585 (+45.9%), from €18,721 to €27,305
- Taxes +€1,888
up €1,888 (+73.7%), from €2,563 to €4,452
- Financial charges -€1,083
down €1,083 (-92.1%), from €1,176 to €93
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 | €79,282 | €74,094 | -€5,188 | -6.5% |
| Fixed assets | 21/28 | €15,462 | €9,106 | -€6,356 | -41.1% |
| Tangible fixed assets | 22/27 | €15,462 | €9,106 | -€6,356 | -41.1% |
| Furniture and vehicles | 24 | €15,462 | €9,106 | -€6,356 | -41.1% |
| Current assets | 29/58 | €63,820 | €64,988 | +€1,168 | +1.8% |
| Amounts receivable within one year | 40/41 | €9,978 | €29,667 | +€19,689 | +197.3% |
| Trade receivables | 40 | €9,978 | €29,667 | +€19,689 | +197.3% |
| Cash at bank and in hand | 54/58 | €52,969 | €34,674 | -€18,294 | -34.5% |
| Deferred charges and accrued income | 490/1 | €873 | €646 | -€227 | -26.0% |
| Total equity and liabilities | 10/49 | €79,282 | €74,094 | -€5,188 | -6.5% |
| Equity | 10/15 | €43,146 | €58,611 | +€15,465 | +35.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €40,000 | €55,000 | +€15,000 | +37.5% |
| Distributable reserves | 133 | €40,000 | €55,000 | +€15,000 | +37.5% |
| Profit (loss) carried forward | 14 | €146 | €611 | +€465 | +319.6% |
| Amounts payable | 17/49 | €36,137 | €15,483 | -€20,653 | -57.2% |
| Amounts payable after more than one year | 17 | €20,000 | - | -€20,000 | |
| Other amounts payable | 178/9 | €20,000 | - | -€20,000 | |
| Amounts payable within one year | 42/48 | €14,967 | €15,416 | +€449 | +3.0% |
| Trade debts | 44 | €429 | €203 | -€227 | -52.8% |
| Suppliers | 440/4 | €429 | €203 | -€227 | -52.8% |
| Taxes, remuneration and social security | 45 | €10,785 | €15,194 | +€4,409 | +40.9% |
| Taxes | 450/3 | €10,785 | €15,194 | +€4,409 | +40.9% |
| Other amounts payable | 47/48 | €3,753 | €20 | -€3,733 | -99.5% |
| Accrued charges and deferred income | 492/3 | €1,170 | €67 | -€1,103 | -94.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,356 | €6,356 | = | 0.0% |
| Other operating charges | 640/8 | €913 | €939 | +€26 | +2.8% |
| Gross operating margin | 9900 | €18,721 | €27,305 | +€8,585 | +45.9% |
| Operating profit (loss) | 9901 | €11,451 | €20,010 | +€8,559 | +74.7% |
| Financial charges | 65/66B | €1,176 | €93 | -€1,083 | -92.1% |
| Recurring financial charges | 65 | €1,176 | €93 | -€1,083 | -92.1% |
| Profit (loss) for the period before taxes | 9903 | €10,276 | €19,917 | +€9,641 | +93.8% |
| Income taxes | 67/77 | €2,563 | €4,452 | +€1,888 | +73.7% |
| Profit (loss) for the period | 9904 | €7,712 | €15,465 | +€7,753 | +100.5% |
| Profit (loss) for the period to be appropriated | 9905 | €7,712 | €15,465 | +€7,753 | +100.5% |
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 28 September 2026 via checked.be.