JBZ: 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.
JBZ
Largest movements
- Receivables within one year -€20,452
down €20,452 (-69.4%), from €29,471 to €9,019
of which Trade receivables: -€21,069
- Tangible fixed assets +€8,093
up €8,093 (+9.3%), from €87,066 to €95,159
of which Furniture and vehicles: +€17,403
- Cash +€7,954
up €7,954 (+28.3%), from €28,086 to €36,040
mainly Depreciation (+€21,494) and Receivables within one year (+€20,452)
- Debts after one year -€10,255
down €10,255 (-25.5%), from €40,205 to €29,949
- Profit (loss) carried forward +€7,150
up €7,150 (+61.8%), from €11,565 to €18,715
- Trade debts -€1,554
down €1,554 (-53.8%), from €2,888 to €1,334
- Depreciation +€3,562
up €3,562 (+19.9%), from €17,932 to €21,494
- Gross operating margin -€2,149
down €2,149 (-6.1%), from €34,954 to €32,805
- Taxes +€1,173
new in 2025: €1,173
- Financial charges -€390
down €390 (-14.5%), from €2,678 to €2,289
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 | €149,706 | €144,126 | -€5,580 | -3.7% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €87,066 | €95,159 | +€8,093 | +9.3% |
| Tangible fixed assets | 22/27 | €87,066 | €95,159 | +€8,093 | +9.3% |
| Land and buildings | 22 | €40,161 | €40,408 | +€247 | +0.6% |
| Plant, machinery and equipment | 23 | €44,495 | €34,938 | -€9,557 | -21.5% |
| Furniture and vehicles | 24 | €2,410 | €19,813 | +€17,403 | +722.2% |
| Current assets | 29/58 | €62,639 | €48,967 | -€13,673 | -21.8% |
| Stocks and contracts in progress | 3 | €2,771 | €1,845 | -€926 | -33.4% |
| Stocks | 30/36 | €2,771 | €1,845 | -€926 | -33.4% |
| Amounts receivable within one year | 40/41 | €29,471 | €9,019 | -€20,452 | -69.4% |
| Trade receivables | 40 | €28,261 | €7,192 | -€21,069 | -74.6% |
| Other amounts receivable | 41 | €1,210 | €1,827 | +€617 | +51.0% |
| Cash at bank and in hand | 54/58 | €28,086 | €36,040 | +€7,954 | +28.3% |
| Deferred charges and accrued income | 490/1 | €2,312 | €2,063 | -€249 | -10.8% |
| Total equity and liabilities | 10/49 | €149,706 | €144,126 | -€5,580 | -3.7% |
| Equity | 10/15 | €31,565 | €38,715 | +€7,150 | +22.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,565 | €18,715 | +€7,150 | +61.8% |
| Amounts payable | 17/49 | €118,140 | €105,411 | -€12,730 | -10.8% |
| Amounts payable after more than one year | 17 | €40,205 | €29,949 | -€10,255 | -25.5% |
| Financial debts | 170/4 | €40,205 | €29,949 | -€10,255 | -25.5% |
| Amounts payable within one year | 42/48 | €76,332 | €74,045 | -€2,286 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €10,095 | €10,255 | +€160 | +1.6% |
| Trade debts | 44 | €2,888 | €1,334 | -€1,554 | -53.8% |
| Suppliers | 440/4 | €2,888 | €1,334 | -€1,554 | -53.8% |
| Taxes, remuneration and social security | 45 | €6,268 | €5,185 | -€1,083 | -17.3% |
| Taxes | 450/3 | €6,268 | €5,185 | -€1,083 | -17.3% |
| Other amounts payable | 47/48 | €57,081 | €57,271 | +€190 | +0.3% |
| Accrued charges and deferred income | 492/3 | €1,604 | €1,416 | -€188 | -11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,932 | €21,494 | +€3,562 | +19.9% |
| Other operating charges | 640/8 | €578 | €700 | +€122 | +21.0% |
| Gross operating margin | 9900 | €34,954 | €32,805 | -€2,149 | -6.1% |
| Operating profit (loss) | 9901 | €16,444 | €10,611 | -€5,832 | -35.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | +344.4% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +344.4% |
| Financial charges | 65/66B | €2,678 | €2,289 | -€390 | -14.5% |
| Recurring financial charges | 65 | €2,678 | €2,289 | -€390 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €13,765 | €8,323 | -€5,442 | -39.5% |
| Income taxes | 67/77 | - | €1,173 | +€1,173 | |
| Profit (loss) for the period | 9904 | €13,765 | €7,150 | -€6,615 | -48.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,765 | €7,150 | -€6,615 | -48.1% |
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 3 October 2026 via checked.be.