JCBEL: 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.
JCBEL
Largest movements
- Receivables within one year +€233,296
up €233,296 (+187.6%), from €124,339 to €357,635
of which Trade receivables: +€199,296
- Cash -€91,838
down €91,838 (-49.6%), from €185,202 to €93,364
mainly Receivables within one year (-€233,296) and Contributions, distributions and other (-€40,000)
- Financial fixed assets +€21,200
new in 2025: €21,200
- Tangible fixed assets +€11,520
up €11,520 (+1369.0%), from €842 to €12,362
of which Furniture and vehicles: +€11,720
- Profit (loss) carried forward +€76,771
up €76,771 (+157.3%), from €48,792 to €125,563
- Trade debts +€58,374
up €58,374 (+45.3%), from €128,976 to €187,350
- Current portion of long-term debt +€19,332
up €19,332 (+219.1%), from €8,822 to €28,153
- Other debts +€8,549
up €8,549 (+39.9%), from €21,399 to €29,948
- Debts after one year +€8,103
new in 2025: €8,103
- Turnover +€1.3m
up €1.3m, from €0 to €1.3m
- Purchases and services +€904,005
up €904,005, from €0 to €904,005
- Staff costs -€24,353
down €24,353 (-9.6%), from €254,303 to €229,950
- Gross operating margin +€20,087
up €20,087 (+5.5%), from €367,685 to €387,772
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 | €310,382 | €486,184 | +€175,802 | +56.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €842 | €33,562 | +€32,720 | +3888.2% |
| Tangible fixed assets | 22/27 | €842 | €12,362 | +€11,520 | +1369.0% |
| Plant, machinery and equipment | 23 | €842 | €642 | -€200 | -23.8% |
| Furniture and vehicles | 24 | - | €11,720 | +€11,720 | |
| Financial fixed assets | 28 | - | €21,200 | +€21,200 | |
| Current assets | 29/58 | €309,541 | €452,622 | +€143,082 | +46.2% |
| Amounts receivable within one year | 40/41 | €124,339 | €357,635 | +€233,296 | +187.6% |
| Trade receivables | 40 | €124,339 | €323,635 | +€199,296 | +160.3% |
| Other amounts receivable | 41 | €0 | €34,000 | +€34,000 | |
| Cash at bank and in hand | 54/58 | €185,202 | €93,364 | -€91,838 | -49.6% |
| Deferred charges and accrued income | 490/1 | - | €1,624 | +€1,624 | |
| Total equity and liabilities | 10/49 | €310,382 | €486,184 | +€175,802 | +56.6% |
| Equity | 10/15 | €56,285 | €133,056 | +€76,771 | +136.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,293 | €1,293 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,293 | €1,293 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,293 | €1,293 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,792 | €125,563 | +€76,771 | +157.3% |
| Amounts payable | 17/49 | €254,097 | €353,128 | +€99,031 | +39.0% |
| Amounts payable after more than one year | 17 | - | €8,103 | +€8,103 | |
| Financial debts | 170/4 | - | €8,103 | +€8,103 | |
| Amounts payable within one year | 42/48 | €254,053 | €345,025 | +€90,972 | +35.8% |
| Current portion of amounts payable after more than one year | 42 | €8,822 | €28,153 | +€19,332 | +219.1% |
| Trade debts | 44 | €128,976 | €187,350 | +€58,374 | +45.3% |
| Suppliers | 440/4 | €128,976 | €187,350 | +€58,374 | +45.3% |
| Taxes, remuneration and social security | 45 | €94,856 | €99,574 | +€4,718 | +5.0% |
| Taxes | 450/3 | €56,392 | €74,616 | +€18,224 | +32.3% |
| Remuneration and social security | 454/9 | €38,464 | €24,958 | -€13,506 | -35.1% |
| Other amounts payable | 47/48 | €21,399 | €29,948 | +€8,549 | +39.9% |
| Accrued charges and deferred income | 492/3 | €44 | €0 | -€44 | -100.0% |
| Turnover | 70 | €0 | €1,273,114 | +€1.3m | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €904,005 | +€904,005 | |
| Remuneration, social security and pensions | 62 | €254,303 | €229,950 | -€24,353 | -9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €158 | €837 | +€678 | +428.1% |
| Other operating charges | 640/8 | - | €53 | +€53 | |
| Gross operating margin | 9900 | €367,685 | €387,772 | +€20,087 | +5.5% |
| Operating profit (loss) | 9901 | €113,223 | €156,932 | +€43,709 | +38.6% |
| Financial income | 75/76B | €9 | €13 | +€3 | +36.5% |
| Recurring financial income | 75 | €9 | €13 | +€3 | +36.5% |
| Financial charges | 65/66B | €456 | €372 | -€84 | -18.5% |
| Recurring financial charges | 65 | €456 | €372 | -€84 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | €112,776 | €156,573 | +€43,797 | +38.8% |
| Income taxes | 67/77 | €30,195 | €39,802 | +€9,606 | +31.8% |
| Profit (loss) for the period | 9904 | €82,581 | €116,771 | +€34,190 | +41.4% |
| Profit (loss) for the period to be appropriated | 9905 | €82,581 | €116,771 | +€34,190 | +41.4% |
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 3 October 2026 via checked.be.