JE-BA: 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.
JE-BA
Largest movements
- Tangible fixed assets -€44,204
down €44,204 (-5.5%), from €809,565 to €765,361
of which Other tangible fixed assets: -€24,219
- Reserves -€94,567
down €94,567 (-16.4%), from €574,938 to €480,371
- Other debts +€89,299
up €89,299 (+200.9%), from €44,458 to €133,757
- Debts after one year -€34,000
down €34,000 (-54.5%), from €62,333 to €28,333
- Gross operating margin +€8,951
up €8,951 (+63.7%), from -€14,042 to -€5,091
- Financial charges -€3,049
down €3,049 (-49.4%), from €6,176 to €3,127
- Depreciation -€2,038
down €2,038 (-4.4%), from €46,242 to €44,204
- Other operating charges +€1,199
up €1,199 (+34.0%), from €3,528 to €4,726
- Staff costs +€803
up €803 (+2.2%), from €36,616 to €37,418
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 | €813,114 | €777,287 | -€35,827 | -4.4% |
| Fixed assets | 21/28 | €809,565 | €765,361 | -€44,204 | -5.5% |
| Tangible fixed assets | 22/27 | €809,565 | €765,361 | -€44,204 | -5.5% |
| Land and buildings | 22 | €515,995 | €496,010 | -€19,985 | -3.9% |
| Other tangible fixed assets | 26 | €293,569 | €269,350 | -€24,219 | -8.2% |
| Current assets | 29/58 | €3,550 | €11,926 | +€8,377 | +236.0% |
| Amounts receivable within one year | 40/41 | - | €15 | +€15 | |
| Other amounts receivable | 41 | - | €15 | +€15 | |
| Cash at bank and in hand | 54/58 | €684 | €8,708 | +€8,024 | +1172.5% |
| Deferred charges and accrued income | 490/1 | €2,865 | €3,203 | +€338 | +11.8% |
| Total equity and liabilities | 10/49 | €813,114 | €777,287 | -€35,827 | -4.4% |
| Equity | 10/15 | €659,938 | €565,371 | -€94,567 | -14.3% |
| Contributions | 10/11 | €85,000 | €85,000 | = | 0.0% |
| Reserves | 13 | €574,938 | €480,371 | -€94,567 | -16.4% |
| Distributable reserves | 133 | €574,938 | €480,371 | -€94,567 | -16.4% |
| Amounts payable | 17/49 | €153,176 | €211,916 | +€58,740 | +38.3% |
| Amounts payable after more than one year | 17 | €62,333 | €28,333 | -€34,000 | -54.5% |
| Financial debts | 170/4 | €62,333 | €28,333 | -€34,000 | -54.5% |
| Amounts payable within one year | 42/48 | €90,844 | €183,583 | +€92,740 | +102.1% |
| Current portion of amounts payable after more than one year | 42 | €34,000 | €34,000 | = | 0.0% |
| Trade debts | 44 | €1,499 | €4,277 | +€2,778 | +185.4% |
| Suppliers | 440/4 | €1,499 | €4,277 | +€2,778 | +185.4% |
| Taxes, remuneration and social security | 45 | €10,887 | €11,550 | +€663 | +6.1% |
| Taxes | 450/3 | €994 | €1,257 | +€263 | +26.5% |
| Remuneration and social security | 454/9 | €9,893 | €10,292 | +€400 | +4.0% |
| Other amounts payable | 47/48 | €44,458 | €133,757 | +€89,299 | +200.9% |
| Remuneration, social security and pensions | 62 | €36,616 | €37,418 | +€803 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,242 | €44,204 | -€2,038 | -4.4% |
| Other operating charges | 640/8 | €3,528 | €4,726 | +€1,199 | +34.0% |
| Gross operating margin | 9900 | -€14,042 | -€5,091 | +€8,951 | +63.7% |
| Operating profit (loss) | 9901 | -€100,426 | -€91,439 | +€8,987 | +8.9% |
| Financial charges | 65/66B | €6,176 | €3,127 | -€3,049 | -49.4% |
| Recurring financial charges | 65 | €6,176 | €3,127 | -€3,049 | -49.4% |
| Profit (loss) for the period before taxes | 9903 | -€106,602 | -€94,567 | +€12,036 | +11.3% |
| Profit (loss) for the period | 9904 | -€106,602 | -€94,567 | +€12,036 | +11.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€106,602 | -€94,567 | +€12,036 | +11.3% |
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 6 October 2026 via checked.be.