JBO MANAGEMENT: 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.
JBO MANAGEMENT
Largest movements
- Cash -€205,433
down €205,433 (-77.4%), from €265,532 to €60,099
mainly Other debts (-€200,248) and Contributions, distributions and other (-€63,000)
- Tangible fixed assets -€12,275
down €12,275 (-32.1%), from €38,203 to €25,927
of which Furniture and vehicles: -€11,919
- Other debts -€200,248
down €200,248 (-75.8%), from €264,350 to €64,102
- Current portion of long-term debt -€10,204
down €10,204 (-53.9%), from €18,946 to €8,741
- Debts after one year -€8,741
down €8,741 (-83.0%), from €10,531 to €1,790
- Gross operating margin +€8,498
up €8,498 (+9.3%), from €91,775 to €100,273
- Taxes +€1,818
up €1,818 (+11.7%), from €15,566 to €17,384
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 | €304,711 | €86,830 | -€217,881 | -71.5% |
| Fixed assets | 21/28 | €38,303 | €25,927 | -€12,375 | -32.3% |
| Tangible fixed assets | 22/27 | €38,203 | €25,927 | -€12,275 | -32.1% |
| Furniture and vehicles | 24 | €37,199 | €25,280 | -€11,919 | -32.0% |
| Other tangible fixed assets | 26 | €1,003 | €647 | -€356 | -35.5% |
| Financial fixed assets | 28 | €100 | €0 | -€100 | -100% |
| Current assets | 29/58 | €266,409 | €60,903 | -€205,506 | -77.1% |
| Amounts receivable within one year | 40/41 | €778 | €467 | -€310 | -39.9% |
| Trade receivables | 40 | €343 | €352 | +€8 | +2.4% |
| Other amounts receivable | 41 | €434 | €116 | -€318 | -73.3% |
| Current investments | 50/53 | - | €100 | +€100 | |
| Cash at bank and in hand | 54/58 | €265,532 | €60,099 | -€205,433 | -77.4% |
| Deferred charges and accrued income | 490/1 | €100 | €236 | +€137 | +137% |
| Total equity and liabilities | 10/49 | €304,711 | €86,830 | -€217,881 | -71.5% |
| Equity | 10/15 | €100 | €916 | +€816 | +816% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €816 | +€816 | |
| Amounts payable | 17/49 | €304,611 | €85,915 | -€218,697 | -71.8% |
| Amounts payable after more than one year | 17 | €10,531 | €1,790 | -€8,741 | -83.0% |
| Financial debts | 170/4 | €10,531 | €1,790 | -€8,741 | -83.0% |
| Amounts payable within one year | 42/48 | €293,661 | €84,125 | -€209,536 | -71.4% |
| Current portion of amounts payable after more than one year | 42 | €18,946 | €8,741 | -€10,204 | -53.9% |
| Trade debts | 44 | €1,177 | €1,958 | +€781 | +66.3% |
| Suppliers | 440/4 | €1,177 | €1,958 | +€781 | +66.3% |
| Taxes, remuneration and social security | 45 | €9,188 | €9,323 | +€135 | +1.5% |
| Taxes | 450/3 | €9,188 | €9,323 | +€135 | +1.5% |
| Other amounts payable | 47/48 | €264,350 | €64,102 | -€200,248 | -75.8% |
| Accrued charges and deferred income | 492/3 | €419 | - | -€419 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,355 | €18,348 | +€993 | +5.7% |
| Other operating charges | 640/8 | €122 | €63 | -€58 | -47.9% |
| Gross operating margin | 9900 | €91,775 | €100,273 | +€8,498 | +9.3% |
| Operating profit (loss) | 9901 | €74,299 | €81,862 | +€7,563 | +10.2% |
| Financial income | 75/76B | €1 | €1 | -€0 | -29.7% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -29.7% |
| Financial charges | 65/66B | €1,580 | €663 | -€917 | -58.0% |
| Recurring financial charges | 65 | €1,580 | €663 | -€917 | -58.0% |
| Profit (loss) for the period before taxes | 9903 | €72,720 | €81,200 | +€8,479 | +11.7% |
| Income taxes | 67/77 | €15,566 | €17,384 | +€1,818 | +11.7% |
| Profit (loss) for the period | 9904 | €57,154 | €63,816 | +€6,661 | +11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €57,154 | €63,816 | +€6,661 | +11.7% |
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 23 October 2026 via checked.be.