JE.BE.: 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.BE.
Largest movements
- Receivables within one year -€35,857
down €35,857 (-13.5%), from €265,482 to €229,625
of which Trade receivables: -€33,157
- Stocks and contracts -€15,553
down €15,553 (-15.4%), from €101,304 to €85,751
- Cash -€9,342
down €9,342 (-90.6%), from €10,315 to €973
mainly Trade debts (-€27,135) and Other debts (-€18,225)
- Trade debts -€27,135
down €27,135 (-31.5%), from €86,122 to €58,987
- Other debts -€18,225
down €18,225 (-14.1%), from €129,019 to €110,794
- Reserves -€15,784
down €15,784 (-16.1%), from €98,055 to €82,271
- Gross operating margin -€8,579
down €8,579 (-180%), from -€4,761 to -€13,341
- Depreciation -€3,148
down €3,148 (-89.2%), from €3,528 to €380
- Other operating charges -€2,821
down €2,821 (-65.2%), from €4,327 to €1,507
- Financial income -€1,895
no longer reported in 2025 (was €1,895)
- Taxes -€201
down €201 (-62.2%), from €324 to €122
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 | €378,519 | €317,497 | -€61,022 | -16.1% |
| Fixed assets | 21/28 | €901 | €521 | -€380 | -42.2% |
| Tangible fixed assets | 22/27 | €901 | €521 | -€380 | -42.2% |
| Furniture and vehicles | 24 | €901 | €521 | -€380 | -42.2% |
| Current assets | 29/58 | €377,619 | €316,977 | -€60,642 | -16.1% |
| Stocks and contracts in progress | 3 | €101,304 | €85,751 | -€15,553 | -15.4% |
| Stocks | 30/36 | €101,304 | €85,751 | -€15,553 | -15.4% |
| Amounts receivable within one year | 40/41 | €265,482 | €229,625 | -€35,857 | -13.5% |
| Trade receivables | 40 | €228,974 | €195,817 | -€33,157 | -14.5% |
| Other amounts receivable | 41 | €36,509 | €33,808 | -€2,701 | -7.4% |
| Cash at bank and in hand | 54/58 | €10,315 | €973 | -€9,342 | -90.6% |
| Deferred charges and accrued income | 490/1 | €517 | €628 | +€110 | +21.3% |
| Total equity and liabilities | 10/49 | €378,519 | €317,497 | -€61,022 | -16.1% |
| Equity | 10/15 | €163,055 | €147,271 | -€15,784 | -9.7% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €98,055 | €82,271 | -€15,784 | -16.1% |
| Distributable reserves | 133 | €98,055 | €82,271 | -€15,784 | -16.1% |
| Amounts payable | 17/49 | €215,465 | €170,226 | -€45,238 | -21.0% |
| Amounts payable within one year | 42/48 | €215,465 | €170,226 | -€45,238 | -21.0% |
| Trade debts | 44 | €86,122 | €58,987 | -€27,135 | -31.5% |
| Suppliers | 440/4 | €86,122 | €58,987 | -€27,135 | -31.5% |
| Taxes, remuneration and social security | 45 | €324 | €446 | +€122 | +37.8% |
| Taxes | 450/3 | €324 | €446 | +€122 | +37.8% |
| Other amounts payable | 47/48 | €129,019 | €110,794 | -€18,225 | -14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,528 | €380 | -€3,148 | -89.2% |
| Other operating charges | 640/8 | €4,327 | €1,507 | -€2,821 | -65.2% |
| Gross operating margin | 9900 | -€4,761 | -€13,341 | -€8,579 | -180% |
| Operating profit (loss) | 9901 | -€12,617 | -€15,227 | -€2,610 | -20.7% |
| Financial income | 75/76B | €1,895 | - | -€1,895 | |
| Recurring financial income | 75 | €1,895 | - | -€1,895 | |
| Financial charges | 65/66B | €499 | €434 | -€65 | -12.9% |
| Recurring financial charges | 65 | €499 | €434 | -€65 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | -€11,221 | -€15,661 | -€4,441 | -39.6% |
| Income taxes | 67/77 | €324 | €122 | -€201 | -62.2% |
| Profit (loss) for the period | 9904 | -€11,544 | -€15,784 | -€4,239 | -36.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,544 | -€15,784 | -€4,239 | -36.7% |
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 17 October 2026 via checked.be.