JBL Security: 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.
JBL Security
Largest movements
- Receivables within one year -€50,032
down €50,032 (-34.3%), from €145,834 to €95,802
of which Trade receivables: -€75,010
- Cash -€43,026
down €43,026 (-30.1%), from €142,942 to €99,916
mainly Investment in fixed assets (net) (-€57,047) and Trade debts (-€34,031)
- Deferred charges and accrued income +€9,696
up €9,696 (+648.0%), from €1,496 to €11,193
- Intangible fixed assets -€8,382
down €8,382 (-9.5%), from €88,284 to €79,901
- Trade debts -€34,031
down €34,031 (-43.9%), from €77,505 to €43,474
- Current portion of long-term debt -€27,932
down €27,932 (-56.9%), from €49,101 to €21,169
- Other debts -€21,344
down €21,344 (-87.5%), from €24,382 to €3,038
- Staff costs +€17,249
up €17,249 (+6.3%), from €273,204 to €290,453
- Taxes +€4,796
up €4,796 (+84.0%), from €5,708 to €10,504
- Gross operating margin +€4,579
up €4,579 (+1.2%), from €390,936 to €395,515
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 | €454,110 | €362,171 | -€91,939 | -20.2% |
| Fixed assets | 21/28 | €163,837 | €155,259 | -€8,578 | -5.2% |
| Intangible fixed assets | 21 | €88,284 | €79,901 | -€8,382 | -9.5% |
| Tangible fixed assets | 22/27 | €72,003 | €71,808 | -€195 | -0.3% |
| Furniture and vehicles | 24 | €69,494 | €67,674 | -€1,819 | -2.6% |
| Other tangible fixed assets | 26 | €2,509 | €4,133 | +€1,624 | +64.7% |
| Financial fixed assets | 28 | €3,550 | €3,550 | = | 0.0% |
| Current assets | 29/58 | €290,273 | €206,912 | -€83,362 | -28.7% |
| Amounts receivable within one year | 40/41 | €145,834 | €95,802 | -€50,032 | -34.3% |
| Trade receivables | 40 | €130,743 | €55,733 | -€75,010 | -57.4% |
| Other amounts receivable | 41 | €15,091 | €40,069 | +€24,978 | +165.5% |
| Cash at bank and in hand | 54/58 | €142,942 | €99,916 | -€43,026 | -30.1% |
| Deferred charges and accrued income | 490/1 | €1,496 | €11,193 | +€9,696 | +648.0% |
| Total equity and liabilities | 10/49 | €454,110 | €362,171 | -€91,939 | -20.2% |
| Equity | 10/15 | €79,996 | €76,816 | -€3,180 | -4.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €122,860 | €119,360 | -€3,500 | -2.8% |
| Distributable reserves | 133 | €122,860 | €119,360 | -€3,500 | -2.8% |
| Profit (loss) carried forward | 14 | -€49,064 | -€48,744 | +€320 | +0.7% |
| Amounts payable | 17/49 | €374,114 | €285,355 | -€88,759 | -23.7% |
| Amounts payable after more than one year | 17 | €145,624 | €145,643 | +€19 | 0.0% |
| Financial debts | 170/4 | €15,624 | €15,643 | +€19 | +0.1% |
| Other amounts payable | 178/9 | €130,000 | €130,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €218,064 | €130,507 | -€87,556 | -40.2% |
| Current portion of amounts payable after more than one year | 42 | €49,101 | €21,169 | -€27,932 | -56.9% |
| Trade debts | 44 | €77,505 | €43,474 | -€34,031 | -43.9% |
| Suppliers | 440/4 | €77,505 | €43,474 | -€34,031 | -43.9% |
| Taxes, remuneration and social security | 45 | €67,076 | €62,826 | -€4,249 | -6.3% |
| Taxes | 450/3 | €10,459 | €11,404 | +€945 | +9.0% |
| Remuneration and social security | 454/9 | €56,617 | €51,422 | -€5,194 | -9.2% |
| Other amounts payable | 47/48 | €24,382 | €3,038 | -€21,344 | -87.5% |
| Accrued charges and deferred income | 492/3 | €10,426 | €9,204 | -€1,222 | -11.7% |
| Non-recurring operating income | 76A | €2,616 | - | -€2,616 | |
| Remuneration, social security and pensions | 62 | €273,204 | €290,453 | +€17,249 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,415 | €65,625 | -€2,790 | -4.1% |
| Other operating charges | 640/8 | €2,191 | €1,625 | -€567 | -25.9% |
| Non-recurring operating charges | 66A | €248 | €1,000 | +€752 | +303.4% |
| Gross operating margin | 9900 | €390,936 | €395,515 | +€4,579 | +1.2% |
| Operating profit (loss) | 9901 | €46,877 | €36,812 | -€10,065 | -21.5% |
| Financial income | 75/76B | €537 | €1,285 | +€748 | +139.5% |
| Recurring financial income | 75 | €537 | €1,285 | +€748 | +139.5% |
| Financial charges | 65/66B | €12,563 | €10,774 | -€1,789 | -14.2% |
| Recurring financial charges | 65 | €12,563 | €10,774 | -€1,789 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €34,851 | €27,324 | -€7,528 | -21.6% |
| Income taxes | 67/77 | €5,708 | €10,504 | +€4,796 | +84.0% |
| Profit (loss) for the period | 9904 | €29,143 | €16,820 | -€12,323 | -42.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,143 | €16,820 | -€12,323 | -42.3% |
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 30 September 2026 via checked.be.