JE.B.M.: what changed
Two financial 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.
JE.B.M.
Largest movements
- Cash +€191,078
up €191,078 (+75.4%), from €253,474 to €444,552
mainly Debts after one year (+€87,350) and Depreciation (+€82,238)
- Tangible fixed assets +€41,251
up €41,251 (+4.7%), from €871,727 to €912,979
of which Furniture and vehicles: +€75,434
- Debts after one year +€87,350
up €87,350 (+21.2%), from €412,475 to €499,825
- Current portion of long-term debt +€64,274
up €64,274 (+65.4%), from €98,241 to €162,514
- Tax, wage and social debts +€37,890
up €37,890 (+60.2%), from €62,923 to €100,813
of which Taxes: +€29,014
- Reserves +€33,050
up €33,050 (+11.4%), from €289,207 to €322,258
of which Distributable reserves: +€33,050
- Other debts +€22,682
up €22,682 (+28.4%), from €79,901 to €102,583
- Gross operating margin +€52,314
up €52,314 (+5.3%), from €994,898 to €1.0m
- Depreciation +€32,016
up €32,016 (+63.7%), from €50,222 to €82,238
- Staff costs +€27,054
up €27,054 (+3.5%), from €764,707 to €791,761
- Other operating charges +€24,174
up €24,174 (+677%), from €3,571 to €27,745
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.
Derived cash bridge
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 | €1,194,083 | €1,431,230 | +€237,147 | +19.9% |
| Fixed assets | 21/28 | €874,362 | €913,488 | +€39,126 | +4.5% |
| Intangible fixed assets | 21 | €2,634 | €509 | -€2,125 | -80.7% |
| Tangible fixed assets | 22/27 | €871,727 | €912,979 | +€41,251 | +4.7% |
| Land and buildings | 22 | €506,268 | €499,211 | -€7,058 | -1.4% |
| Plant, machinery and equipment | 23 | €190,020 | €157,730 | -€32,290 | -17.0% |
| Furniture and vehicles | 24 | €168,340 | €243,774 | +€75,434 | +44.8% |
| Assets under construction and advance payments | 27 | €7,099 | €12,264 | +€5,165 | +72.8% |
| Current assets | 29/58 | €319,721 | €517,742 | +€198,021 | +61.9% |
| Stocks and contracts in progress | 3 | €15,880 | €20,964 | +€5,084 | +32.0% |
| Stocks | 30/36 | €15,880 | €20,964 | +€5,084 | +32.0% |
| Amounts receivable within one year | 40/41 | €17,667 | €6,305 | -€11,362 | -64.3% |
| Trade receivables | 40 | €1,715 | €6,305 | +€4,590 | +268% |
| Other amounts receivable | 41 | €15,952 | €0 | -€15,952 | -100% |
| Current investments | 50/53 | €17,000 | €17,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €253,474 | €444,552 | +€191,078 | +75.4% |
| Deferred charges and accrued income | 490/1 | €15,701 | €28,922 | +€13,221 | +84.2% |
| Total equity and liabilities | 10/49 | €1,194,083 | €1,431,230 | +€237,147 | +19.9% |
| Equity | 10/15 | €389,536 | €422,586 | +€33,050 | +8.5% |
| Contributions | 10/11 | €69,600 | €69,600 | = | 0.0% |
| Reserves | 13 | €289,207 | €322,258 | +€33,050 | +11.4% |
| Non-distributable reserves | 130/1 | €4,311 | €4,311 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,311 | €4,311 | = | 0.0% |
| Distributable reserves | 133 | €284,897 | €317,947 | +€33,050 | +11.6% |
| Profit (loss) carried forward | 14 | €30,728 | €30,728 | = | 0.0% |
| Amounts payable | 17/49 | €804,547 | €1,008,644 | +€204,097 | +25.4% |
| Amounts payable after more than one year | 17 | €412,475 | €499,825 | +€87,350 | +21.2% |
| Financial debts | 170/4 | €412,475 | €499,825 | +€87,350 | +21.2% |
| Amounts payable within one year | 42/48 | €378,072 | €497,964 | +€119,892 | +31.7% |
| Current portion of amounts payable after more than one year | 42 | €98,241 | €162,514 | +€64,274 | +65.4% |
| Trade debts | 44 | €137,008 | €132,054 | -€4,954 | -3.6% |
| Suppliers | 440/4 | €137,008 | €132,054 | -€4,954 | -3.6% |
| Taxes, remuneration and social security | 45 | €62,923 | €100,813 | +€37,890 | +60.2% |
| Taxes | 450/3 | €12,828 | €41,842 | +€29,014 | +226% |
| Remuneration and social security | 454/9 | €50,095 | €58,971 | +€8,876 | +17.7% |
| Other amounts payable | 47/48 | €79,901 | €102,583 | +€22,682 | +28.4% |
| Accrued charges and deferred income | 492/3 | €14,000 | €10,855 | -€3,145 | -22.5% |
| Remuneration, social security and pensions | 62 | €764,707 | €791,761 | +€27,054 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,222 | €82,238 | +€32,016 | +63.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €3,571 | €27,745 | +€24,174 | +677% |
| Gross operating margin | 9900 | €994,898 | €1,047,211 | +€52,314 | +5.3% |
| Operating profit (loss) | 9901 | €176,398 | €145,467 | -€30,931 | -17.5% |
| Financial income | 75/76B | €410 | €105 | -€305 | -74.4% |
| Recurring financial income | 75 | €410 | €105 | -€305 | -74.4% |
| Financial charges | 65/66B | €34,508 | €35,399 | +€891 | +2.6% |
| Recurring financial charges | 65 | €34,508 | €35,399 | +€891 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | €142,300 | €110,173 | -€32,127 | -22.6% |
| Income taxes | 67/77 | €47,890 | €47,623 | -€267 | -0.6% |
| Profit (loss) for the period | 9904 | €94,410 | €62,550 | -€31,860 | -33.7% |
| Profit (loss) for the period to be appropriated | 9905 | €94,410 | €62,550 | -€31,860 | -33.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.