JBS 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.
JBS MANAGEMENT
Largest movements
- Tangible fixed assets -€60,339
down €60,339 (-30.7%), from €196,572 to €136,233
of which Leasing and similar rights: -€57,216
- Cash +€56,903
up €56,903 (+88.7%), from €64,135 to €121,038
mainly Depreciation (+€62,623) and Trade debts (+€27,102)
- Receivables within one year +€7,970
up €7,970 (+7.7%), from €103,591 to €111,561
of which Trade receivables: +€7,970
- Debts after one year -€40,151
down €40,151 (-25.7%), from €156,407 to €116,256
- Trade debts +€27,102
up €27,102 (+102.9%), from €26,336 to €53,438
- Profit (loss) carried forward +€11,751
up €11,751 (+15.2%), from €77,439 to €89,190
- Tax, wage and social debts +€8,077
up €8,077 (+15.2%), from €53,266 to €61,343
of which Taxes: +€6,594
- Other debts -€3,866
down €3,866 (-87.4%), from €4,425 to €558
- Gross operating margin +€59,426
up €59,426 (+49.4%), from €120,179 to €179,605
- Staff costs +€36,931
up €36,931 (+89.6%), from €41,203 to €78,134
- Depreciation +€16,702
up €16,702 (+36.4%), from €45,921 to €62,623
- Other operating charges +€7,031
up €7,031 (+150.3%), from €4,677 to €11,708
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.
Cash bridge derived
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 | €364,597 | €369,131 | +€4,533 | +1.2% |
| Fixed assets | 21/28 | €196,872 | €136,533 | -€60,339 | -30.6% |
| Tangible fixed assets | 22/27 | €196,572 | €136,233 | -€60,339 | -30.7% |
| Plant, machinery and equipment | 23 | €633 | €2,226 | +€1,593 | +251.6% |
| Furniture and vehicles | 24 | €7,417 | €2,700 | -€4,716 | -63.6% |
| Leasing and similar rights | 25 | €188,522 | €131,306 | -€57,216 | -30.3% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €167,726 | €232,598 | +€64,872 | +38.7% |
| Amounts receivable within one year | 40/41 | €103,591 | €111,561 | +€7,970 | +7.7% |
| Trade receivables | 40 | €95,710 | €103,680 | +€7,970 | +8.3% |
| Other amounts receivable | 41 | €7,881 | €7,881 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €64,135 | €121,038 | +€56,903 | +88.7% |
| Total equity and liabilities | 10/49 | €364,597 | €369,131 | +€4,533 | +1.2% |
| Equity | 10/15 | €87,439 | €99,190 | +€11,751 | +13.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,439 | €89,190 | +€11,751 | +15.2% |
| Amounts payable | 17/49 | €277,158 | €269,941 | -€7,218 | -2.6% |
| Amounts payable after more than one year | 17 | €156,407 | €116,256 | -€40,151 | -25.7% |
| Financial debts | 170/4 | €156,407 | €116,256 | -€40,151 | -25.7% |
| Amounts payable within one year | 42/48 | €120,751 | €153,685 | +€32,934 | +27.3% |
| Current portion of amounts payable after more than one year | 42 | €36,725 | €38,346 | +€1,621 | +4.4% |
| Trade debts | 44 | €26,336 | €53,438 | +€27,102 | +102.9% |
| Suppliers | 440/4 | €26,336 | €53,438 | +€27,102 | +102.9% |
| Taxes, remuneration and social security | 45 | €53,266 | €61,343 | +€8,077 | +15.2% |
| Taxes | 450/3 | €10,550 | €17,144 | +€6,594 | +62.5% |
| Remuneration and social security | 454/9 | €42,716 | €44,199 | +€1,483 | +3.5% |
| Other amounts payable | 47/48 | €4,425 | €558 | -€3,866 | -87.4% |
| Remuneration, social security and pensions | 62 | €41,203 | €78,134 | +€36,931 | +89.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,921 | €62,623 | +€16,702 | +36.4% |
| Other operating charges | 640/8 | €4,677 | €11,708 | +€7,031 | +150.3% |
| Gross operating margin | 9900 | €120,179 | €179,605 | +€59,426 | +49.4% |
| Operating profit (loss) | 9901 | €28,377 | €27,140 | -€1,237 | -4.4% |
| Financial income | 75/76B | €0 | €1 | +€1 | +2600.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +2600.0% |
| Financial charges | 65/66B | €8,912 | €9,736 | +€824 | +9.2% |
| Recurring financial charges | 65 | €8,912 | €9,736 | +€824 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | €19,465 | €17,405 | -€2,061 | -10.6% |
| Income taxes | 67/77 | €4,078 | €5,654 | +€1,575 | +38.6% |
| Profit (loss) for the period | 9904 | €15,387 | €11,751 | -€3,636 | -23.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,387 | €11,751 | -€3,636 | -23.6% |
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 9 October 2026 via checked.be.