JBU: 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.
JBU
Largest movements
- Current investments -€51,115
down €51,115 (-100.0%), from €51,115 to €0
- Receivables within one year +€16,338
up €16,338 (+38.2%), from €42,739 to €59,077
of which Other amounts receivable: +€17,908
- Tangible fixed assets -€9,312
down €9,312 (-49.7%), from €18,721 to €9,409
of which Leasing and similar rights: -€9,408
- Cash +€3,662
up €3,662 (+24.0%), from €15,271 to €18,933
mainly Other debts (+€72,185) and Net result for the year (+€66,509)
- Reserves -€83,500
down €83,500 (-100.0%), from €83,531 to €31
- Other debts +€72,185
up €72,185 (+130.5%), from €55,300 to €127,486
- Debts after one year -€22,422
down €22,422 (-19.4%), from €115,755 to €93,333
- Tax, wage and social debts -€20,177
down €20,177 (-48.5%), from €41,561 to €21,384
- Trade debts +€10,352
up €10,352 (+2814.2%), from €368 to €10,720
- Gross operating margin -€22,240
down €22,240 (-17.4%), from €127,903 to €105,663
- Taxes -€6,236
down €6,236 (-21.0%), from €29,677 to €23,440
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 | €329,909 | €288,895 | -€41,015 | -12.4% |
| Fixed assets | 21/28 | €219,321 | €210,009 | -€9,312 | -4.2% |
| Tangible fixed assets | 22/27 | €18,721 | €9,409 | -€9,312 | -49.7% |
| Land and buildings | 22 | €2,085 | €1,391 | -€694 | -33.3% |
| Plant, machinery and equipment | 23 | €1,660 | €2,944 | +€1,283 | +77.3% |
| Furniture and vehicles | 24 | €2,964 | €2,471 | -€493 | -16.6% |
| Leasing and similar rights | 25 | €12,011 | €2,603 | -€9,408 | -78.3% |
| Financial fixed assets | 28 | €200,600 | €200,600 | = | 0.0% |
| Current assets | 29/58 | €110,588 | €78,886 | -€31,702 | -28.7% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €42,739 | €59,077 | +€16,338 | +38.2% |
| Trade receivables | 40 | €13,670 | €12,100 | -€1,570 | -11.5% |
| Other amounts receivable | 41 | €29,069 | €46,977 | +€17,908 | +61.6% |
| Current investments | 50/53 | €51,115 | €0 | -€51,115 | -100.0% |
| Cash at bank and in hand | 54/58 | €15,271 | €18,933 | +€3,662 | +24.0% |
| Deferred charges and accrued income | 490/1 | €1,462 | €876 | -€587 | -40.1% |
| Total equity and liabilities | 10/49 | €329,909 | €288,895 | -€41,015 | -12.4% |
| Equity | 10/15 | €83,631 | €1,639 | -€81,991 | -98.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €83,531 | €31 | -€83,500 | -100.0% |
| Distributable reserves | 133 | €83,531 | €31 | -€83,500 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €1,509 | +€1,509 | |
| Amounts payable | 17/49 | €246,279 | €287,255 | +€40,977 | +16.6% |
| Amounts payable after more than one year | 17 | €115,755 | €93,333 | -€22,422 | -19.4% |
| Financial debts | 170/4 | €115,755 | €93,333 | -€22,422 | -19.4% |
| Amounts payable within one year | 42/48 | €126,842 | €190,424 | +€63,582 | +50.1% |
| Current portion of amounts payable after more than one year | 42 | €29,613 | €22,422 | -€7,191 | -24.3% |
| Financial debts | 43 | - | €8,412 | +€8,412 | |
| Credit institutions | 430/8 | - | €8,412 | +€8,412 | |
| Trade debts | 44 | €368 | €10,720 | +€10,352 | +2814.2% |
| Suppliers | 440/4 | €368 | €10,720 | +€10,352 | +2814.2% |
| Taxes, remuneration and social security | 45 | €41,561 | €21,384 | -€20,177 | -48.5% |
| Taxes | 450/3 | €41,561 | €21,384 | -€20,177 | -48.5% |
| Other amounts payable | 47/48 | €55,300 | €127,486 | +€72,185 | +130.5% |
| Accrued charges and deferred income | 492/3 | €3,681 | €3,498 | -€183 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,403 | €12,897 | +€494 | +4.0% |
| Other operating charges | 640/8 | €911 | €829 | -€82 | -9.0% |
| Gross operating margin | 9900 | €127,903 | €105,663 | -€22,240 | -17.4% |
| Operating profit (loss) | 9901 | €114,588 | €91,936 | -€22,652 | -19.8% |
| Financial income | 75/76B | €3,100 | €2,483 | -€617 | -19.9% |
| Recurring financial income | 75 | €3,100 | €2,483 | -€617 | -19.9% |
| Financial charges | 65/66B | €4,491 | €4,470 | -€21 | -0.5% |
| Recurring financial charges | 65 | €4,491 | €4,470 | -€21 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | €113,196 | €89,949 | -€23,247 | -20.5% |
| Income taxes | 67/77 | €29,677 | €23,440 | -€6,236 | -21.0% |
| Profit (loss) for the period | 9904 | €83,520 | €66,509 | -€17,011 | -20.4% |
| Profit (loss) for the period to be appropriated | 9905 | €83,520 | €66,509 | -€17,011 | -20.4% |
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 7 October 2026 via checked.be.