JBO PROJECTS LTD: 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 PROJECTS LTD
Largest movements
- Current investments -€182,472
down €182,472 (-76.5%), from €238,441 to €55,969
- Receivables within one year +€170,501
up €170,501 (+1070.1%), from €15,933 to €186,434
of which Other amounts receivable: +€173,891
- Cash +€71,024
up €71,024 (+61.9%), from €114,741 to €185,766
mainly Current investments (+€182,472) and Net result for the year (+€83,339)
- Reserves +€34,339
up €34,339 (+11.3%), from €305,115 to €339,454
of which Distributable reserves: +€34,339
- Other debts +€18,743
up €18,743 (+479.6%), from €3,908 to €22,651
- Gross operating margin +€10,594
up €10,594 (+9.3%), from €113,514 to €124,109
- Financial income +€4,481
up €4,481 (+1788.9%), from €250 to €4,731
- Taxes +€4,471
up €4,471 (+12.8%), from €34,938 to €39,408
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 | €378,565 | €438,173 | +€59,608 | +15.7% |
| Fixed assets | 21/28 | €8,889 | €5,238 | -€3,651 | -41.1% |
| Tangible fixed assets | 22/27 | €8,889 | €5,238 | -€3,651 | -41.1% |
| Plant, machinery and equipment | 23 | €1,091 | €0 | -€1,091 | -100.0% |
| Furniture and vehicles | 24 | €6,334 | €5,027 | -€1,307 | -20.6% |
| Other tangible fixed assets | 26 | €1,464 | €211 | -€1,253 | -85.6% |
| Current assets | 29/58 | €369,675 | €432,935 | +€63,259 | +17.1% |
| Amounts receivable within one year | 40/41 | €15,933 | €186,434 | +€170,501 | +1070.1% |
| Trade receivables | 40 | €13,790 | €10,400 | -€3,390 | -24.6% |
| Other amounts receivable | 41 | €2,143 | €176,034 | +€173,891 | +8113.1% |
| Current investments | 50/53 | €238,441 | €55,969 | -€182,472 | -76.5% |
| Cash at bank and in hand | 54/58 | €114,741 | €185,766 | +€71,024 | +61.9% |
| Deferred charges and accrued income | 490/1 | €560 | €4,766 | +€4,206 | +751.1% |
| Total equity and liabilities | 10/49 | €378,565 | €438,173 | +€59,608 | +15.7% |
| Equity | 10/15 | €363,094 | €397,433 | +€34,339 | +9.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €305,115 | €339,454 | +€34,339 | +11.3% |
| Non-distributable reserves | 130/1 | €179 | €179 | = | 0.0% |
| Reserves not available under the articles | 1311 | €179 | €179 | = | 0.0% |
| Tax-exempt reserves | 132 | €704 | €704 | = | 0.0% |
| Distributable reserves | 133 | €304,232 | €338,571 | +€34,339 | +11.3% |
| Profit (loss) carried forward | 14 | €56,979 | €56,979 | = | 0.0% |
| Amounts payable | 17/49 | €15,471 | €40,740 | +€25,269 | +163.3% |
| Amounts payable within one year | 42/48 | €15,471 | €39,627 | +€24,156 | +156.1% |
| Trade debts | 44 | €1,625 | €2,868 | +€1,243 | +76.5% |
| Suppliers | 440/4 | €1,625 | €2,868 | +€1,243 | +76.5% |
| Taxes, remuneration and social security | 45 | €9,938 | €14,108 | +€4,170 | +42.0% |
| Taxes | 450/3 | €9,938 | €14,108 | +€4,170 | +42.0% |
| Other amounts payable | 47/48 | €3,908 | €22,651 | +€18,743 | +479.6% |
| Accrued charges and deferred income | 492/3 | - | €1,113 | +€1,113 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,239 | €4,948 | +€709 | +16.7% |
| Other operating charges | 640/8 | €569 | €585 | +€16 | +2.9% |
| Gross operating margin | 9900 | €113,514 | €124,109 | +€10,594 | +9.3% |
| Operating profit (loss) | 9901 | €108,706 | €118,575 | +€9,869 | +9.1% |
| Financial income | 75/76B | €250 | €4,731 | +€4,481 | +1788.9% |
| Recurring financial income | 75 | €250 | €4,731 | +€4,481 | +1788.9% |
| Financial charges | 65/66B | €51 | €559 | +€508 | +996.6% |
| Recurring financial charges | 65 | €51 | €559 | +€508 | +996.6% |
| Profit (loss) for the period before taxes | 9903 | €108,905 | €122,747 | +€13,842 | +12.7% |
| Income taxes | 67/77 | €34,938 | €39,408 | +€4,471 | +12.8% |
| Profit (loss) for the period | 9904 | €73,968 | €83,339 | +€9,371 | +12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €73,968 | €83,339 | +€9,371 | +12.7% |
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 10 October 2026 via checked.be.