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
- Receivables within one year +€20,224
up €20,224 (+27.8%), from €72,862 to €93,087
of which Trade receivables: +€22,037
- Tangible fixed assets -€7,188
down €7,188 (-46.0%), from €15,617 to €8,429
of which Furniture and vehicles: -€6,982
- Deferred charges and accrued income +€1,535
up €1,535 (+337%), from €456 to €1,991
- Reserves +€15,017
up €15,017 (+40.3%), from €37,275 to €52,292
- Debts after one year -€5,734
down €5,734 (-45.3%), from €12,645 to €6,911
- Tax, wage and social debts +€3,949
up €3,949 (+37.5%), from €10,517 to €14,465
- Trade debts +€1,833
up €1,833 (+8.9%), from €20,610 to €22,443
- Gross operating margin -€94,566
down €94,566 (-61.9%), from €152,855 to €58,289
- Staff costs -€57,247
down €57,247 (-64.4%), from €88,936 to €31,690
- Depreciation -€6,326
down €6,326 (-46.1%), from €13,721 to €7,395
- Taxes -€4,568
down €4,568 (-43.4%), from €10,517 to €5,949
- Financial income +€2,067
up €2,067 (+128%), from €1,615 to €3,682
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 | €89,591 | €104,828 | +€15,237 | +17.0% |
| Formation expenses | 20 | €655 | €448 | -€207 | -31.6% |
| Fixed assets | 21/28 | €15,617 | €8,429 | -€7,188 | -46.0% |
| Tangible fixed assets | 22/27 | €15,617 | €8,429 | -€7,188 | -46.0% |
| Plant, machinery and equipment | 23 | €671 | €464 | -€207 | -30.8% |
| Furniture and vehicles | 24 | €14,946 | €7,964 | -€6,982 | -46.7% |
| Current assets | 29/58 | €73,319 | €95,952 | +€22,632 | +30.9% |
| Amounts receivable within one year | 40/41 | €72,862 | €93,087 | +€20,224 | +27.8% |
| Trade receivables | 40 | €10,604 | €32,641 | +€22,037 | +208% |
| Other amounts receivable | 41 | €62,259 | €60,445 | -€1,813 | -2.9% |
| Cash at bank and in hand | 54/58 | €1 | €874 | +€873 | +80,072% |
| Deferred charges and accrued income | 490/1 | €456 | €1,991 | +€1,535 | +337% |
| Total equity and liabilities | 10/49 | €89,591 | €104,828 | +€15,237 | +17.0% |
| Equity | 10/15 | €40,275 | €55,292 | +€15,017 | +37.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €37,275 | €52,292 | +€15,017 | +40.3% |
| Distributable reserves | 133 | €37,275 | €52,292 | +€15,017 | +40.3% |
| Amounts payable | 17/49 | €49,316 | €49,536 | +€220 | +0.4% |
| Amounts payable after more than one year | 17 | €12,645 | €6,911 | -€5,734 | -45.3% |
| Financial debts | 170/4 | €12,645 | €6,911 | -€5,734 | -45.3% |
| Amounts payable within one year | 42/48 | €36,670 | €42,625 | +€5,954 | +16.2% |
| Current portion of amounts payable after more than one year | 42 | €5,544 | €5,716 | +€172 | +3.1% |
| Trade debts | 44 | €20,610 | €22,443 | +€1,833 | +8.9% |
| Suppliers | 440/4 | €20,610 | €22,443 | +€1,833 | +8.9% |
| Taxes, remuneration and social security | 45 | €10,517 | €14,465 | +€3,949 | +37.5% |
| Taxes | 450/3 | €10,517 | €14,465 | +€3,949 | +37.5% |
| Remuneration, social security and pensions | 62 | €88,936 | €31,690 | -€57,247 | -64.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,721 | €7,395 | -€6,326 | -46.1% |
| Other operating charges | 640/8 | €2,237 | €1,031 | -€1,206 | -53.9% |
| Gross operating margin | 9900 | €152,855 | €58,289 | -€94,566 | -61.9% |
| Operating profit (loss) | 9901 | €47,961 | €18,174 | -€29,787 | -62.1% |
| Financial income | 75/76B | €1,615 | €3,682 | +€2,067 | +128% |
| Recurring financial income | 75 | €1,615 | €3,682 | +€2,067 | +128% |
| Financial charges | 65/66B | €1,785 | €890 | -€894 | -50.1% |
| Recurring financial charges | 65 | €1,785 | €890 | -€894 | -50.1% |
| Profit (loss) for the period before taxes | 9903 | €47,792 | €20,966 | -€26,826 | -56.1% |
| Income taxes | 67/77 | €10,517 | €5,949 | -€4,568 | -43.4% |
| Profit (loss) for the period | 9904 | €37,275 | €15,017 | -€22,258 | -59.7% |
| Profit (loss) for the period to be appropriated | 9905 | €37,275 | €15,017 | -€22,258 | -59.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.