JBSE: what changed
Two fiscal 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.
JBSE
Largest movements
- Cash -€6,985
down €6,985 (-14.0%), from €49,755 to €42,770
mainly Contributions, distributions and other (-€17,647) and Investment in fixed assets (net) (-€8,680)
- Tangible fixed assets +€4,206
up €4,206 (+57.2%), from €7,359 to €11,564
of which Plant, machinery and equipment: +€7,226
- Receivables after one year +€2,761
up €2,761 (+14.8%), from €18,715 to €21,475
- Receivables within one year +€2,690
up €2,690 (+21.6%), from €12,440 to €15,130
of which Trade receivables: +€3,587
- Profit (loss) carried forward -€17,647
down €17,647 (-65.9%), from €26,761 to €9,114
- Reserves +€16,628
up €16,628 (+37.0%), from €45,000 to €61,628
- Tax, wage and social debts +€4,147
up €4,147 (+77.3%), from €5,367 to €9,515
- Gross operating margin +€13,712
up €13,712 (+74.6%), from €18,369 to €32,082
- Taxes +€4,904
up €4,904 (+176.0%), from €2,786 to €7,690
- Depreciation -€1,662
down €1,662 (-27.1%), from €6,136 to €4,474
- Financial charges +€1,443
up €1,443 (+160.3%), from €900 to €2,343
- Other operating charges -€507
down €507 (-29.6%), from €1,714 to €1,207
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 | €88,356 | €91,028 | +€2,672 | +3.0% |
| Fixed assets | 21/28 | €7,359 | €11,564 | +€4,206 | +57.2% |
| Tangible fixed assets | 22/27 | €7,359 | €11,564 | +€4,206 | +57.2% |
| Plant, machinery and equipment | 23 | €0 | €7,226 | +€7,226 | |
| Furniture and vehicles | 24 | €7,359 | €4,339 | -€3,020 | -41.0% |
| Current assets | 29/58 | €80,998 | €79,464 | -€1,534 | -1.9% |
| Amounts receivable after more than one year | 29 | €18,715 | €21,475 | +€2,761 | +14.8% |
| Other amounts receivable | 291 | €18,715 | €21,475 | +€2,761 | +14.8% |
| Amounts receivable within one year | 40/41 | €12,440 | €15,130 | +€2,690 | +21.6% |
| Trade receivables | 40 | €11,543 | €15,130 | +€3,587 | +31.1% |
| Other amounts receivable | 41 | €896 | - | -€896 | |
| Cash at bank and in hand | 54/58 | €49,755 | €42,770 | -€6,985 | -14.0% |
| Deferred charges and accrued income | 490/1 | €88 | €88 | = | 0.0% |
| Total equity and liabilities | 10/49 | €88,356 | €91,028 | +€2,672 | +3.0% |
| Equity | 10/15 | €78,061 | €77,041 | -€1,019 | -1.3% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €45,000 | €61,628 | +€16,628 | +37.0% |
| Distributable reserves | 133 | €45,000 | €61,628 | +€16,628 | +37.0% |
| Profit (loss) carried forward | 14 | €26,761 | €9,114 | -€17,647 | -65.9% |
| Amounts payable | 17/49 | €10,296 | €13,987 | +€3,691 | +35.9% |
| Amounts payable within one year | 42/48 | €10,296 | €13,548 | +€3,252 | +31.6% |
| Trade debts | 44 | €4,928 | €4,034 | -€895 | -18.2% |
| Suppliers | 440/4 | €4,928 | €4,034 | -€895 | -18.2% |
| Taxes, remuneration and social security | 45 | €5,367 | €9,515 | +€4,147 | +77.3% |
| Taxes | 450/3 | €5,367 | €9,515 | +€4,147 | +77.3% |
| Accrued charges and deferred income | 492/3 | - | €439 | +€439 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,136 | €4,474 | -€1,662 | -27.1% |
| Other operating charges | 640/8 | €1,714 | €1,207 | -€507 | -29.6% |
| Gross operating margin | 9900 | €18,369 | €32,082 | +€13,712 | +74.6% |
| Operating profit (loss) | 9901 | €10,519 | €26,401 | +€15,881 | +151.0% |
| Financial income | 75/76B | €31 | €259 | +€228 | +739.7% |
| Recurring financial income | 75 | €31 | €259 | +€228 | +739.7% |
| Financial charges | 65/66B | €900 | €2,343 | +€1,443 | +160.3% |
| Recurring financial charges | 65 | €900 | €2,343 | +€1,443 | +160.3% |
| Profit (loss) for the period before taxes | 9903 | €9,650 | €24,317 | +€14,667 | +152.0% |
| Income taxes | 67/77 | €2,786 | €7,690 | +€4,904 | +176.0% |
| Profit (loss) for the period | 9904 | €6,864 | €16,628 | +€9,763 | +142.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,864 | €16,628 | +€9,763 | +142.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.