JEBA: 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.
JEBA
Largest movements
- Cash +€16,272
up €16,272 (+17.6%), from €92,438 to €108,711
mainly Net result for the year (+€64,163) and Depreciation (+€41,228)
- Debts after one year -€25,000
down €25,000 (-15.5%), from €161,400 to €136,400
of which Financial debts: -€25,000
- Trade debts +€23,726
up €23,726 (+1771.3%), from €1,339 to €25,065
- Reserves +€14,163
up €14,163 (+3.9%), from €366,854 to €381,017
of which Distributable reserves: +€14,163
- Other operating charges -€4,356
down €4,356 (-15.7%), from €27,709 to €23,353
- Write-downs +€4,276
no longer reported in 2025 (was -€4,276)
- Gross operating margin +€2,765
up €2,765 (+1.8%), from €149,492 to €152,257
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 | €674,610 | €689,221 | +€14,610 | +2.2% |
| Fixed assets | 21/28 | €485,381 | €479,790 | -€5,591 | -1.2% |
| Tangible fixed assets | 22/27 | €485,381 | €479,790 | -€5,591 | -1.2% |
| Land and buildings | 22 | €485,381 | €479,790 | -€5,591 | -1.2% |
| Current assets | 29/58 | €189,230 | €209,431 | +€20,201 | +10.7% |
| Stocks and contracts in progress | 3 | €94,876 | €94,876 | = | 0.0% |
| Stocks | 30/36 | €94,876 | €94,876 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €92,438 | €108,711 | +€16,272 | +17.6% |
| Deferred charges and accrued income | 490/1 | €1,915 | €5,844 | +€3,929 | +205.2% |
| Total equity and liabilities | 10/49 | €674,610 | €689,221 | +€14,610 | +2.2% |
| Equity | 10/15 | €428,827 | €442,991 | +€14,163 | +3.3% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €366,854 | €381,017 | +€14,163 | +3.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €360,654 | €374,817 | +€14,163 | +3.9% |
| Amounts payable | 17/49 | €245,783 | €246,230 | +€447 | +0.2% |
| Amounts payable after more than one year | 17 | €161,400 | €136,400 | -€25,000 | -15.5% |
| Financial debts | 170/4 | €156,250 | €131,250 | -€25,000 | -16.0% |
| Other amounts payable | 178/9 | €5,150 | €5,150 | = | 0.0% |
| Amounts payable within one year | 42/48 | €82,383 | €107,831 | +€25,447 | +30.9% |
| Current portion of amounts payable after more than one year | 42 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €1,339 | €25,065 | +€23,726 | +1771.3% |
| Suppliers | 440/4 | €1,339 | €25,065 | +€23,726 | +1771.3% |
| Taxes, remuneration and social security | 45 | €13,244 | €14,965 | +€1,721 | +13.0% |
| Taxes | 450/3 | €13,244 | €14,965 | +€1,721 | +13.0% |
| Other amounts payable | 47/48 | €42,800 | €42,800 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,417 | €41,228 | -€1,189 | -2.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,276 | - | +€4,276 | |
| Other operating charges | 640/8 | €27,709 | €23,353 | -€4,356 | -15.7% |
| Gross operating margin | 9900 | €149,492 | €152,257 | +€2,765 | +1.8% |
| Operating profit (loss) | 9901 | €83,642 | €87,675 | +€4,034 | +4.8% |
| Financial charges | 65/66B | €1,879 | €1,791 | -€88 | -4.7% |
| Recurring financial charges | 65 | €1,879 | €1,791 | -€88 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €81,763 | €85,885 | +€4,122 | +5.0% |
| Income taxes | 67/77 | €20,744 | €21,721 | +€978 | +4.7% |
| Profit (loss) for the period | 9904 | €61,019 | €64,163 | +€3,144 | +5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €61,019 | €64,163 | +€3,144 | +5.2% |
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 4 October 2026 via checked.be.