JBS HOLIDAYS: 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 HOLIDAYS
Largest movements
- Cash -€10,045
down €10,045 (-36.8%), from €27,278 to €17,233
mainly Tax, wage and social debts (-€4,389) and Investment in fixed assets (net) (-€2,577)
- Tangible fixed assets +€2,218
new in 2025: €2,218
- Deferred charges and accrued income -€727
no longer reported in 2025 (was €727)
- Receivables within one year +€577
up €577 (+5,378%), from €11 to €588
of which Trade receivables: +€588
- Tax, wage and social debts -€4,389
down €4,389 (-96.8%), from €4,532 to €144
- Profit (loss) carried forward -€2,097
new in 2025: -€2,097
- Trade debts -€1,854
down €1,854 (-79.6%), from €2,330 to €476
- Other debts +€391
up €391 (+12.8%), from €3,042 to €3,433
- Gross operating margin -€22,294
down €22,294, from €22,015 to -€278
- Taxes -€4,053
no longer reported in 2025 (was €4,053)
- Depreciation -€789
down €789 (-63.7%), from €1,239 to €450
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 | €28,357 | €20,289 | -€8,068 | -28.5% |
| Formation expenses | 20 | €91 | - | -€91 | |
| Fixed assets | 21/28 | - | €2,218 | +€2,218 | |
| Tangible fixed assets | 22/27 | - | €2,218 | +€2,218 | |
| Furniture and vehicles | 24 | - | €2,218 | +€2,218 | |
| Current assets | 29/58 | €28,265 | €18,070 | -€10,195 | -36.1% |
| Amounts receivable within one year | 40/41 | €11 | €588 | +€577 | +5,378% |
| Trade receivables | 40 | - | €588 | +€588 | |
| Other amounts receivable | 41 | €11 | - | -€11 | |
| Current investments | 50/53 | €250 | €250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €27,278 | €17,233 | -€10,045 | -36.8% |
| Deferred charges and accrued income | 490/1 | €727 | - | -€727 | |
| Total equity and liabilities | 10/49 | €28,357 | €20,289 | -€8,068 | -28.5% |
| Equity | 10/15 | €18,333 | €16,236 | -€2,097 | -11.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €15,333 | €15,333 | = | 0.0% |
| Distributable reserves | 133 | €15,333 | €15,333 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€2,097 | -€2,097 | |
| Amounts payable | 17/49 | €10,023 | €4,052 | -€5,971 | -59.6% |
| Amounts payable within one year | 42/48 | €9,904 | €4,052 | -€5,852 | -59.1% |
| Trade debts | 44 | €2,330 | €476 | -€1,854 | -79.6% |
| Suppliers | 440/4 | €2,330 | €476 | -€1,854 | -79.6% |
| Taxes, remuneration and social security | 45 | €4,532 | €144 | -€4,389 | -96.8% |
| Taxes | 450/3 | €4,532 | €144 | -€4,389 | -96.8% |
| Other amounts payable | 47/48 | €3,042 | €3,433 | +€391 | +12.8% |
| Accrued charges and deferred income | 492/3 | €119 | - | -€119 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,239 | €450 | -€789 | -63.7% |
| Other operating charges | 640/8 | €1,200 | €1,328 | +€128 | +10.7% |
| Gross operating margin | 9900 | €22,015 | -€278 | -€22,294 | |
| Operating profit (loss) | 9901 | €19,576 | -€2,057 | -€21,632 | |
| Financial charges | 65/66B | €189 | €40 | -€149 | -78.7% |
| Recurring financial charges | 65 | €189 | €40 | -€149 | -78.7% |
| Profit (loss) for the period before taxes | 9903 | €19,387 | -€2,097 | -€21,484 | |
| Income taxes | 67/77 | €4,053 | - | -€4,053 | |
| Profit (loss) for the period | 9904 | €15,333 | -€2,097 | -€17,430 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,333 | -€2,097 | -€17,430 |
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 1 November 2026 via checked.be.