JBR BELUX: 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.
JBR BELUX
Largest movements
- Receivables within one year +€162,410
up €162,410 (+168%), from €96,685 to €259,095
of which Trade receivables: +€168,371
- Cash -€15,591
down €15,591 (-56.8%), from €27,471 to €11,881
mainly Receivables within one year (-€162,410) and Accrued charges and deferred income (-€2,006)
- Profit (loss) carried forward +€68,605
up €68,605, from -€46,535 to €22,070
- Trade debts +€66,491
up €66,491 (+111%), from €59,972 to €126,462
- Tax, wage and social debts +€9,214
up €9,214 (+654%), from €1,408 to €10,622
of which Remuneration and social security: +€4,640
- Other debts +€3,135
up €3,135 (+4.4%), from €70,928 to €74,063
- Gross operating margin +€132,723
up €132,723, from -€9,923 to €122,800
- Staff costs +€20,751
up €20,751 (+91.8%), from €22,608 to €43,359
- Taxes +€4,353
up €4,353 (+10,149%), from €43 to €4,396
- Financial charges +€1,670
up €1,670 (+62.4%), from €2,678 to €4,347
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 | €127,779 | €273,217 | +€145,439 | +114% |
| Fixed assets | 21/28 | €2,744 | €1,295 | -€1,449 | -52.8% |
| Tangible fixed assets | 22/27 | €2,744 | €1,295 | -€1,449 | -52.8% |
| Plant, machinery and equipment | 23 | €2,744 | €1,295 | -€1,449 | -52.8% |
| Current assets | 29/58 | €125,035 | €271,922 | +€146,888 | +117% |
| Amounts receivable within one year | 40/41 | €96,685 | €259,095 | +€162,410 | +168% |
| Trade receivables | 40 | €85,445 | €253,815 | +€168,371 | +197% |
| Other amounts receivable | 41 | €11,240 | €5,279 | -€5,961 | -53.0% |
| Cash at bank and in hand | 54/58 | €27,471 | €11,881 | -€15,591 | -56.8% |
| Deferred charges and accrued income | 490/1 | €879 | €947 | +€68 | +7.8% |
| Total equity and liabilities | 10/49 | €127,779 | €273,217 | +€145,439 | +114% |
| Equity | 10/15 | -€6,535 | €62,070 | +€68,605 | |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,535 | €22,070 | +€68,605 | |
| Amounts payable | 17/49 | €134,314 | €211,147 | +€76,834 | +57.2% |
| Amounts payable within one year | 42/48 | €132,308 | €211,147 | +€78,840 | +59.6% |
| Trade debts | 44 | €59,972 | €126,462 | +€66,491 | +111% |
| Suppliers | 440/4 | €59,972 | €126,462 | +€66,491 | +111% |
| Taxes, remuneration and social security | 45 | €1,408 | €10,622 | +€9,214 | +654% |
| Taxes | 450/3 | €43 | €4,617 | +€4,574 | +10,665% |
| Remuneration and social security | 454/9 | €1,365 | €6,005 | +€4,640 | +340% |
| Other amounts payable | 47/48 | €70,928 | €74,063 | +€3,135 | +4.4% |
| Accrued charges and deferred income | 492/3 | €2,006 | - | -€2,006 | |
| Remuneration, social security and pensions | 62 | €22,608 | €43,359 | +€20,751 | +91.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €942 | €1,449 | +€507 | +53.8% |
| Other operating charges | 640/8 | €713 | €644 | -€69 | -9.7% |
| Gross operating margin | 9900 | -€9,923 | €122,800 | +€132,723 | |
| Operating profit (loss) | 9901 | -€34,187 | €77,348 | +€111,534 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,678 | €4,347 | +€1,670 | +62.4% |
| Recurring financial charges | 65 | €2,678 | €4,347 | +€1,670 | +62.4% |
| Profit (loss) for the period before taxes | 9903 | -€36,864 | €73,001 | +€109,865 | |
| Income taxes | 67/77 | €43 | €4,396 | +€4,353 | +10,149% |
| Profit (loss) for the period | 9904 | -€36,907 | €68,605 | +€105,512 | |
| Profit (loss) for the period to be appropriated | 9905 | -€36,907 | €68,605 | +€105,512 |
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 18 October 2026 via checked.be.