JBS: 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.
JBS
Largest movements
- Tangible fixed assets -€9,747
down €9,747 (-7.5%), from €129,475 to €119,728
of which Land and buildings: -€7,305
- Cash +€7,989
up €7,989 (+164%), from €4,858 to €12,847
mainly Net result for the year (+€14,010) and Depreciation (+€10,117)
- Receivables within one year +€3,732
up €3,732 (+8.6%), from €43,426 to €47,158
of which Other amounts receivable: +€6,714
- Debts after one year -€19,096
down €19,096 (-14.4%), from €132,260 to €113,164
- Profit (loss) carried forward +€14,010
up €14,010 (+60.0%), from €23,338 to €37,348
- Trade debts +€2,141
up €2,141 (+752%), from €285 to €2,426
- Accrued charges and deferred income +€1,965
up €1,965 (+1,027%), from €191 to €2,157
- Gross operating margin -€7,362
down €7,362 (-18.0%), from €40,986 to €33,624
- Financial charges +€1,763
up €1,763 (+59.4%), from €2,966 to €4,728
- Taxes -€1,723
down €1,723 (-32.1%), from €5,360 to €3,637
- Depreciation -€497
down €497 (-4.7%), from €10,613 to €10,117
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 | €178,442 | €180,418 | +€1,976 | +1.1% |
| Formation expenses | 20 | €370 | €0 | -€370 | -100% |
| Fixed assets | 21/28 | €129,540 | €119,793 | -€9,747 | -7.5% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €129,475 | €119,728 | -€9,747 | -7.5% |
| Land and buildings | 22 | €123,771 | €116,466 | -€7,305 | -5.9% |
| Plant, machinery and equipment | 23 | €5,087 | €2,959 | -€2,129 | -41.8% |
| Furniture and vehicles | 24 | €616 | €304 | -€312 | -50.7% |
| Financial fixed assets | 28 | €65 | €65 | = | 0.0% |
| Current assets | 29/58 | €48,532 | €60,625 | +€12,093 | +24.9% |
| Amounts receivable within one year | 40/41 | €43,426 | €47,158 | +€3,732 | +8.6% |
| Trade receivables | 40 | €40,717 | €37,736 | -€2,982 | -7.3% |
| Other amounts receivable | 41 | €2,709 | €9,423 | +€6,714 | +248% |
| Cash at bank and in hand | 54/58 | €4,858 | €12,847 | +€7,989 | +164% |
| Deferred charges and accrued income | 490/1 | €248 | €619 | +€371 | +150% |
| Total equity and liabilities | 10/49 | €178,442 | €180,418 | +€1,976 | +1.1% |
| Equity | 10/15 | €33,338 | €47,348 | +€14,010 | +42.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,338 | €37,348 | +€14,010 | +60.0% |
| Amounts payable | 17/49 | €145,104 | €133,070 | -€12,034 | -8.3% |
| Amounts payable after more than one year | 17 | €132,260 | €113,164 | -€19,096 | -14.4% |
| Financial debts | 170/4 | €132,260 | €113,164 | -€19,096 | -14.4% |
| Amounts payable within one year | 42/48 | €12,652 | €17,749 | +€5,097 | +40.3% |
| Current portion of amounts payable after more than one year | 42 | €9,530 | €9,769 | +€239 | +2.5% |
| Trade debts | 44 | €285 | €2,426 | +€2,141 | +752% |
| Suppliers | 440/4 | €285 | €2,426 | +€2,141 | +752% |
| Taxes, remuneration and social security | 45 | €360 | €2,100 | +€1,740 | +484% |
| Taxes | 450/3 | €360 | €2,100 | +€1,740 | +484% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,478 | €3,454 | +€977 | +39.4% |
| Accrued charges and deferred income | 492/3 | €191 | €2,157 | +€1,965 | +1,027% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,613 | €10,117 | -€497 | -4.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €175 | €0 | -€175 | -100% |
| Other operating charges | 640/8 | €1,107 | €1,133 | +€26 | +2.4% |
| Gross operating margin | 9900 | €40,986 | €33,624 | -€7,362 | -18.0% |
| Operating profit (loss) | 9901 | €29,091 | €22,374 | -€6,717 | -23.1% |
| Financial income | 75/76B | €20 | €0 | -€20 | -100% |
| Recurring financial income | 75 | €20 | €0 | -€20 | -100% |
| Financial charges | 65/66B | €2,966 | €4,728 | +€1,763 | +59.4% |
| Recurring financial charges | 65 | €2,966 | €4,728 | +€1,763 | +59.4% |
| Profit (loss) for the period before taxes | 9903 | €26,145 | €17,646 | -€8,499 | -32.5% |
| Income taxes | 67/77 | €5,360 | €3,637 | -€1,723 | -32.1% |
| Profit (loss) for the period | 9904 | €20,786 | €14,010 | -€6,776 | -32.6% |
| Profit (loss) for the period to be appropriated | 9905 | €20,786 | €14,010 | -€6,776 | -32.6% |
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 13 October 2026 via checked.be.