JBR 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.
JBR MANAGEMENT
Largest movements
- Tangible fixed assets -€14,733
down €14,733 (-2.3%), from €636,335 to €621,601
of which Land and buildings: -€11,589
- Cash -€10,958
down €10,958 (-29.2%), from €37,582 to €26,624
mainly Debts after one year (-€25,214) and Investment in fixed assets (net) (-€17,613)
- Deferred charges and accrued income +€7,241
up €7,241 (+177%), from €4,096 to €11,337
- Intangible fixed assets +€7,178
new in 2025: €7,178
- Debts after one year -€25,214
down €25,214 (-4.4%), from €568,743 to €543,529
of which Financial debts: -€25,214
- Profit (loss) carried forward +€14,074
up €14,074 (+31.6%), from -€44,589 to -€30,515
- Gross operating margin -€4,149
down €4,149 (-6.2%), from €66,522 to €62,373
- Financial charges -€787
down €787 (-3.9%), from €20,189 to €19,402
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 | €713,494 | €704,511 | -€8,982 | -1.3% |
| Fixed assets | 21/28 | €636,335 | €628,779 | -€7,556 | -1.2% |
| Intangible fixed assets | 21 | - | €7,178 | +€7,178 | |
| Tangible fixed assets | 22/27 | €636,335 | €621,601 | -€14,733 | -2.3% |
| Land and buildings | 22 | €630,496 | €618,907 | -€11,589 | -1.8% |
| Plant, machinery and equipment | 23 | €1,037 | €590 | -€448 | -43.2% |
| Furniture and vehicles | 24 | €2,018 | - | -€2,018 | |
| Other tangible fixed assets | 26 | €2,784 | €2,105 | -€679 | -24.4% |
| Current assets | 29/58 | €77,159 | €75,732 | -€1,427 | -1.8% |
| Amounts receivable within one year | 40/41 | €35,481 | €37,771 | +€2,290 | +6.5% |
| Trade receivables | 40 | €33,776 | €32,100 | -€1,676 | -5.0% |
| Other amounts receivable | 41 | €1,704 | €5,671 | +€3,967 | +233% |
| Cash at bank and in hand | 54/58 | €37,582 | €26,624 | -€10,958 | -29.2% |
| Deferred charges and accrued income | 490/1 | €4,096 | €11,337 | +€7,241 | +177% |
| Total equity and liabilities | 10/49 | €713,494 | €704,511 | -€8,982 | -1.3% |
| Equity | 10/15 | €114,840 | €128,914 | +€14,074 | +12.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €147,029 | €147,029 | = | 0.0% |
| Distributable reserves | 133 | €147,029 | €147,029 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,589 | -€30,515 | +€14,074 | +31.6% |
| Amounts payable | 17/49 | €598,654 | €575,597 | -€23,056 | -3.9% |
| Amounts payable after more than one year | 17 | €568,743 | €543,529 | -€25,214 | -4.4% |
| Financial debts | 170/4 | €565,233 | €540,019 | -€25,214 | -4.5% |
| Other amounts payable | 178/9 | €3,510 | €3,510 | = | 0.0% |
| Amounts payable within one year | 42/48 | €29,911 | €32,068 | +€2,157 | +7.2% |
| Current portion of amounts payable after more than one year | 42 | €24,396 | €25,214 | +€817 | +3.4% |
| Trade debts | 44 | €255 | €2,000 | +€1,745 | +684% |
| Suppliers | 440/4 | €255 | €2,000 | +€1,745 | +684% |
| Taxes, remuneration and social security | 45 | €4,316 | €4,854 | +€539 | +12.5% |
| Taxes | 450/3 | €4,316 | €4,854 | +€539 | +12.5% |
| Other amounts payable | 47/48 | €944 | - | -€944 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,681 | €25,168 | -€512 | -2.0% |
| Other operating charges | 640/8 | €3,451 | €3,517 | +€66 | +1.9% |
| Gross operating margin | 9900 | €66,522 | €62,373 | -€4,149 | -6.2% |
| Operating profit (loss) | 9901 | €37,390 | €33,688 | -€3,703 | -9.9% |
| Financial charges | 65/66B | €20,189 | €19,402 | -€787 | -3.9% |
| Recurring financial charges | 65 | €20,189 | €19,402 | -€787 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €17,202 | €14,286 | -€2,916 | -17.0% |
| Income taxes | 67/77 | €162 | €212 | +€50 | +30.5% |
| Profit (loss) for the period | 9904 | €17,039 | €14,074 | -€2,965 | -17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,039 | €14,074 | -€2,965 | -17.4% |
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.