JBT: what changed
JBT
Largest movements
- Cash +€10,718
up €10,718 (+20.8%), from €51,408 to €62,126
mainly Other debts (+€81,220) and Net result for the year (+€22,778)
- Receivables within one year +€10,493
up €10,493 (+19.8%), from €52,946 to €63,439
of which Other amounts receivable: +€6,936
- Other debts +€81,220
up €81,220 (+411%), from €19,754 to €100,974
- Reserves -€68,074
down €68,074 (-42.5%), from €160,017 to €91,943
- Tax, wage and social debts +€7,575
up €7,575 (+101%), from €7,515 to €15,090
- Gross operating margin -€45,256
down €45,256 (-47.3%), from €95,719 to €50,463
- Depreciation +€12,359
up €12,359 (+278%), from €4,452 to €16,811
- Taxes -€11,087
down €11,087 (-57.4%), from €19,302 to €8,215
- Financial charges -€3,487
down €3,487 (-36.3%), from €9,599 to €6,112
- Other operating charges +€1,039
up €1,039 (+432%), from €240 to €1,279
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €193,709 | €215,375 | +€21,666 | +11.2% |
| Fixed assets | 21/28 | €40,678 | €40,832 | +€154 | +0.4% |
| Tangible fixed assets | 22/27 | €40,678 | €40,832 | +€154 | +0.4% |
| Land and buildings | 22 | €12,962 | €11,280 | -€1,682 | -13.0% |
| Plant, machinery and equipment | 23 | €1,088 | €1,889 | +€802 | +73.7% |
| Furniture and vehicles | 24 | €23,294 | €19,232 | -€4,062 | -17.4% |
| Other tangible fixed assets | 26 | €3,334 | €8,431 | +€5,097 | +153% |
| Current assets | 29/58 | €153,031 | €174,543 | +€21,512 | +14.1% |
| Amounts receivable within one year | 40/41 | €52,946 | €63,439 | +€10,493 | +19.8% |
| Trade receivables | 40 | €52,911 | €56,469 | +€3,557 | +6.7% |
| Other amounts receivable | 41 | €35 | €6,971 | +€6,936 | +19,839% |
| Current investments | 50/53 | €48,677 | €48,820 | +€144 | +0.3% |
| Cash at bank and in hand | 54/58 | €51,408 | €62,126 | +€10,718 | +20.8% |
| Deferred charges and accrued income | 490/1 | - | €157 | +€157 | |
| Total equity and liabilities | 10/49 | €193,709 | €215,375 | +€21,666 | +11.2% |
| Equity | 10/15 | €166,017 | €97,943 | -€68,074 | -41.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €160,017 | €91,943 | -€68,074 | -42.5% |
| Distributable reserves | 133 | €160,017 | €91,943 | -€68,074 | -42.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €27,693 | €117,432 | +€89,739 | +324% |
| Amounts payable within one year | 42/48 | €27,693 | €117,432 | +€89,739 | +324% |
| Financial debts | 43 | €152 | €21 | -€131 | -86.2% |
| Credit institutions | 430/8 | €152 | €21 | -€131 | -86.2% |
| Trade debts | 44 | €271 | €1,347 | +€1,076 | +397% |
| Suppliers | 440/4 | €271 | €1,347 | +€1,076 | +397% |
| Taxes, remuneration and social security | 45 | €7,515 | €15,090 | +€7,575 | +101% |
| Taxes | 450/3 | €7,515 | €15,090 | +€7,575 | +101% |
| Other amounts payable | 47/48 | €19,754 | €100,974 | +€81,220 | +411% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,452 | €16,811 | +€12,359 | +278% |
| Other operating charges | 640/8 | €240 | €1,279 | +€1,039 | +432% |
| Gross operating margin | 9900 | €95,719 | €50,463 | -€45,256 | -47.3% |
| Operating profit (loss) | 9901 | €91,027 | €32,372 | -€58,655 | -64.4% |
| Financial income | 75/76B | €5,373 | €4,733 | -€640 | -11.9% |
| Recurring financial income | 75 | €5,373 | €4,733 | -€640 | -11.9% |
| Financial charges | 65/66B | €9,599 | €6,112 | -€3,487 | -36.3% |
| Recurring financial charges | 65 | €9,599 | €6,112 | -€3,487 | -36.3% |
| Profit (loss) for the period before taxes | 9903 | €86,801 | €30,993 | -€55,807 | -64.3% |
| Income taxes | 67/77 | €19,302 | €8,215 | -€11,087 | -57.4% |
| Profit (loss) for the period | 9904 | €67,498 | €22,778 | -€44,720 | -66.3% |
| Profit (loss) for the period to be appropriated | 9905 | €67,498 | €22,778 | -€44,720 | -66.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.