JBN: 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.
What changed
JBN
NACE 68.110, Buying and selling of own real estate
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€158,376
2024 · -€211,760+€53,383
Equity
€4.3m
2024 · €4.5m-€158,376
Cash
€11,919
2024 · €48,787-€36,868
Balance sheet total
€13.7m
2024 · €12.7m+€979,406
Largest movements
Assets
- Receivables within one year -€1.7m
down €1.7m (-89.5%), from €1.9m to €202,660
of which Other amounts receivable: -€1.9m
- Receivables after one year +€1.6m
new in 2025: €1.6m
- Tangible fixed assets +€1.1m
up €1.1m (+16.3%), from €6.6m to €7.7m
of which Land and buildings: +€1.1m
Equity and liabilities
- Debts after one year +€561,072
up €561,072 (+19.2%), from €2.9m to €3.5m
- Other debts +€455,755
up €455,755 (+39.5%), from €1.2m to €1.6m
Income statement
- Gross operating margin +€228,732
up €228,732 (+400.5%), from €57,108 to €285,840
- Depreciation +€50,207
up €50,207 (+22.1%), from €226,776 to €276,983
- Financial income -€47,022
down €47,022 (-87.7%), from €53,587 to €6,565
- Taxes +€37,000
up €37,000 (+192609.0%), from €19 to €37,019
- Financial charges -€13,212
down €13,212 (-8.6%), from €153,528 to €140,316
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.
Result 2024
-€211,760
Gross operating margin
+€228,732
Depreciation
-€50,207
Other operating charges
-€5,411
Financial income
-€47,022
Financial charges
+€13,212
Taxes
-€37,000
Deferred taxes and other
-€48,920
Result 2025
-€158,376
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.
From operations
+€727,191
Investment
-€1.4m
Financing
+€587,599
Cash 2024
€48,787
From operations (derived)
+€727,191
Net result for the year
-€158,376
Depreciation
+€276,983
Receivables after one year
-€1.6m
Stocks and contracts
-€31,864
Receivables within one year
+€1.7m
Deferred charges and accrued income
+€112
Provisions
-€29,170
Trade debts
+€61,870
Tax, wage and social debts
+€6,247
Advances received
+€5,000
Other debts
+€455,755
Accrued charges and deferred income
+€50,482
Investment (derived)
-€1.4m
Investment in fixed assets (net)
-€1.4m
Financing
+€587,599
Debts after one year
+€561,072
Current portion of long-term debt
+€31,079
Short-term financial debts
-€4,552
Cash 2025
€11,919
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,674,432 | €13,653,838 | +€979,406 | +7.7% |
| Fixed assets | 21/28 | €6,576,962 | €7,651,637 | +€1.1m | +16.3% |
| Tangible fixed assets | 22/27 | €6,576,962 | €7,651,637 | +€1.1m | +16.3% |
| Land and buildings | 22 | €6,420,946 | €7,504,997 | +€1.1m | +16.9% |
| Plant, machinery and equipment | 23 | €155,881 | €146,640 | -€9,241 | -5.9% |
| Furniture and vehicles | 24 | €134 | €0 | -€134 | -100.0% |
| Current assets | 29/58 | €6,097,470 | €6,002,201 | -€95,269 | -1.6% |
| Amounts receivable after more than one year | 29 | - | €1,638,000 | +€1.6m | |
| Other amounts receivable | 291 | - | €1,638,000 | +€1.6m | |
| Stocks and contracts in progress | 3 | €4,116,648 | €4,148,511 | +€31,864 | +0.8% |
| Stocks | 30/36 | €4,116,648 | €4,148,511 | +€31,864 | +0.8% |
| Amounts receivable within one year | 40/41 | €1,930,812 | €202,660 | -€1.7m | -89.5% |
| Trade receivables | 40 | €3,500 | €202,660 | +€199,160 | +5690.3% |
| Other amounts receivable | 41 | €1,927,312 | - | -€1.9m | |
| Cash at bank and in hand | 54/58 | €48,787 | €11,919 | -€36,868 | -75.6% |
| Deferred charges and accrued income | 490/1 | €1,223 | €1,111 | -€112 | -9.2% |
| Total equity and liabilities | 10/49 | €12,674,432 | €13,653,838 | +€979,406 | +7.7% |
| Equity | 10/15 | €4,463,583 | €4,305,207 | -€158,376 | -3.5% |
| Contributions | 10/11 | €34,000 | €34,000 | = | 0.0% |
| Reserves | 13 | €4,429,583 | €4,319,561 | -€110,022 | -2.5% |
| Tax-exempt reserves | 132 | €3,764,734 | €3,677,224 | -€87,510 | -2.3% |
| Distributable reserves | 133 | €664,849 | €642,337 | -€22,512 | -3.4% |
| Profit (loss) carried forward | 14 | - | -€48,354 | -€48,354 | |
| Provisions and deferred taxes | 16 | €1,254,911 | €1,225,741 | -€29,170 | -2.3% |
| Deferred taxes | 168 | €1,254,911 | €1,225,741 | -€29,170 | -2.3% |
| Amounts payable | 17/49 | €6,955,938 | €8,122,890 | +€1.2m | +16.8% |
| Amounts payable after more than one year | 17 | €2,917,686 | €3,478,758 | +€561,072 | +19.2% |
| Financial debts | 170/4 | €2,917,686 | €3,478,758 | +€561,072 | +19.2% |
| Amounts payable within one year | 42/48 | €4,009,898 | €4,565,296 | +€555,398 | +13.9% |
| Current portion of amounts payable after more than one year | 42 | €235,849 | €266,928 | +€31,079 | +13.2% |
| Financial debts | 43 | €2,466,446 | €2,461,894 | -€4,552 | -0.2% |
| Credit institutions | 430/8 | €2,466,446 | €2,461,894 | -€4,552 | -0.2% |
| Trade debts | 44 | €136,380 | €198,250 | +€61,870 | +45.4% |
| Suppliers | 440/4 | €136,380 | €198,250 | +€61,870 | +45.4% |
| Advances received on contracts in progress | 46 | - | €5,000 | +€5,000 | |
| Taxes, remuneration and social security | 45 | €17,188 | €23,435 | +€6,247 | +36.3% |
| Taxes | 450/3 | €17,188 | €23,435 | +€6,247 | +36.3% |
| Other amounts payable | 47/48 | €1,154,035 | €1,609,790 | +€455,755 | +39.5% |
| Accrued charges and deferred income | 492/3 | €28,354 | €78,836 | +€50,482 | +178.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €226,776 | €276,983 | +€50,207 | +22.1% |
| Other operating charges | 640/8 | €20,221 | €25,633 | +€5,411 | +26.8% |
| Gross operating margin | 9900 | €57,108 | €285,840 | +€228,732 | +400.5% |
| Operating profit (loss) | 9901 | -€189,890 | -€16,776 | +€173,114 | +91.2% |
| Financial income | 75/76B | €53,587 | €6,565 | -€47,022 | -87.7% |
| Recurring financial income | 75 | €53,587 | €6,565 | -€47,022 | -87.7% |
| Financial charges | 65/66B | €153,528 | €140,316 | -€13,212 | -8.6% |
| Recurring financial charges | 65 | €153,528 | €140,316 | -€13,212 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | -€289,831 | -€150,527 | +€139,304 | +48.1% |
| Transfer from deferred taxes | 780 | €78,091 | €29,170 | -€48,920 | -62.6% |
| Income taxes | 67/77 | €19 | €37,019 | +€37,000 | +192609.0% |
| Profit (loss) for the period | 9904 | -€211,760 | -€158,376 | +€53,383 | +25.2% |
| Transfer from tax-exempt reserves | 789 | €234,272 | €87,510 | -€146,761 | -62.6% |
| Profit (loss) for the period to be appropriated | 9905 | €22,512 | -€70,866 | -€93,378 |
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 6 October 2026 via checked.be.