JBEL Consult: 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.
JBEL Consult
Largest movements
- Cash +€86,489
up €86,489 (+149%), from €57,853 to €144,342
mainly Net result for the year (+€194,356) and Receivables after one year (+€36,000)
- Receivables within one year +€60,520
up €60,520 (+232%), from €26,066 to €86,586
of which Trade receivables: +€31,414
- Receivables after one year -€36,000
down €36,000 (-3.8%), from €936,760 to €900,760
- Reserves +€104,239
up €104,239 (+10.6%), from €982,172 to €1.1m
No income-statement line moved by more than 1% of the activity.
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,045,195 | €1,153,618 | +€108,423 | +10.4% |
| Fixed assets | 21/28 | €3,086 | €2,901 | -€185 | -6.0% |
| Tangible fixed assets | 22/27 | €607 | €422 | -€185 | -30.4% |
| Furniture and vehicles | 24 | €607 | €422 | -€185 | -30.4% |
| Financial fixed assets | 28 | €2,479 | €2,479 | = | 0.0% |
| Current assets | 29/58 | €1,042,110 | €1,150,717 | +€108,607 | +10.4% |
| Amounts receivable after more than one year | 29 | €936,760 | €900,760 | -€36,000 | -3.8% |
| Other amounts receivable | 291 | €936,760 | €900,760 | -€36,000 | -3.8% |
| Amounts receivable within one year | 40/41 | €26,066 | €86,586 | +€60,520 | +232% |
| Trade receivables | 40 | €18,417 | €49,831 | +€31,414 | +171% |
| Other amounts receivable | 41 | €7,648 | €36,755 | +€29,107 | +381% |
| Cash at bank and in hand | 54/58 | €57,853 | €144,342 | +€86,489 | +149% |
| Deferred charges and accrued income | 490/1 | €21,432 | €19,030 | -€2,402 | -11.2% |
| Total equity and liabilities | 10/49 | €1,045,195 | €1,153,618 | +€108,423 | +10.4% |
| Equity | 10/15 | €994,572 | €1,098,811 | +€104,239 | +10.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €982,172 | €1,086,411 | +€104,239 | +10.6% |
| Distributable reserves | 133 | €982,172 | €1,086,411 | +€104,239 | +10.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €50,624 | €54,807 | +€4,184 | +8.3% |
| Amounts payable within one year | 42/48 | €50,624 | €54,807 | +€4,184 | +8.3% |
| Trade debts | 44 | €21,197 | €25,112 | +€3,915 | +18.5% |
| Suppliers | 440/4 | €21,197 | €25,112 | +€3,915 | +18.5% |
| Taxes, remuneration and social security | 45 | €29,427 | €29,695 | +€268 | +0.9% |
| Taxes | 450/3 | €29,427 | €29,695 | +€268 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €627 | €536 | -€91 | -14.6% |
| Other operating charges | 640/8 | €689 | €780 | +€90 | +13.1% |
| Gross operating margin | 9900 | €244,078 | €245,700 | +€1,622 | +0.7% |
| Operating profit (loss) | 9901 | €242,761 | €244,384 | +€1,623 | +0.7% |
| Financial income | 75/76B | €42,403 | €42,598 | +€196 | +0.5% |
| Recurring financial income | 75 | €42,403 | €42,598 | +€196 | +0.5% |
| Financial charges | 65/66B | €5,305 | €7,355 | +€2,050 | +38.7% |
| Recurring financial charges | 65 | €5,305 | €7,355 | +€2,050 | +38.7% |
| Profit (loss) for the period before taxes | 9903 | €279,859 | €279,627 | -€232 | -0.1% |
| Income taxes | 67/77 | €87,248 | €85,271 | -€1,977 | -2.3% |
| Profit (loss) for the period | 9904 | €192,612 | €194,356 | +€1,745 | +0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €192,612 | €194,356 | +€1,745 | +0.9% |
Source: filed annual accounts (NBB), financial years ended 31 May 2025 and 31 May 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.