JRB: 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.
JRB
Largest movements
- Receivables within one year +€592,352
up €592,352 (+196.1%), from €302,105 to €894,458
of which Other amounts receivable: +€505,090
- Cash +€248,257
up €248,257 (+3133.3%), from €7,923 to €256,180
mainly Net result for the year (+€1.3m) and Other debts (+€223,246)
- Reserves +€951,435
up €951,435 (+39.7%), from €2.4m to €3.3m
- Debts after one year -€511,669
down €511,669 (-31.8%), from €1.6m to €1.1m
- Other debts +€223,246
up €223,246 (+87.2%), from €256,022 to €479,267
- Tax, wage and social debts +€166,022
up €166,022 (+855.6%), from €19,404 to €185,426
- Financial income +€254,260
up €254,260 (+38.6%), from €658,975 to €913,236
- Gross operating margin +€136,814
up €136,814 (+26.6%), from €514,117 to €650,930
- Financial charges -€21,981
down €21,981 (-26.5%), from €83,051 to €61,071
- Taxes +€20,451
up €20,451 (+16.0%), from €127,742 to €148,193
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 | €4,856,730 | €5,681,218 | +€824,488 | +17.0% |
| Fixed assets | 21/28 | €4,542,379 | €4,521,901 | -€20,479 | -0.5% |
| Tangible fixed assets | 22/27 | €66,413 | €45,934 | -€20,479 | -30.8% |
| Furniture and vehicles | 24 | €59,391 | €39,782 | -€19,609 | -33.0% |
| Other tangible fixed assets | 26 | €7,022 | €6,153 | -€870 | -12.4% |
| Financial fixed assets | 28 | €4,475,966 | €4,475,966 | = | 0.0% |
| Current assets | 29/58 | €314,351 | €1,159,317 | +€844,967 | +268.8% |
| Amounts receivable within one year | 40/41 | €302,105 | €894,458 | +€592,352 | +196.1% |
| Trade receivables | 40 | €18,760 | €106,023 | +€87,262 | +465.1% |
| Other amounts receivable | 41 | €283,345 | €788,435 | +€505,090 | +178.3% |
| Cash at bank and in hand | 54/58 | €7,923 | €256,180 | +€248,257 | +3133.3% |
| Deferred charges and accrued income | 490/1 | €4,322 | €8,680 | +€4,357 | +100.8% |
| Total equity and liabilities | 10/49 | €4,856,730 | €5,681,218 | +€824,488 | +17.0% |
| Equity | 10/15 | €2,402,551 | €3,353,986 | +€951,435 | +39.6% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €2,395,051 | €3,346,486 | +€951,435 | +39.7% |
| Distributable reserves | 133 | €2,395,051 | €3,346,486 | +€951,435 | +39.7% |
| Amounts payable | 17/49 | €2,454,179 | €2,327,232 | -€126,947 | -5.2% |
| Amounts payable after more than one year | 17 | €1,607,491 | €1,095,822 | -€511,669 | -31.8% |
| Financial debts | 170/4 | €1,607,491 | €1,095,822 | -€511,669 | -31.8% |
| Amounts payable within one year | 42/48 | €846,688 | €1,231,410 | +€384,722 | +45.4% |
| Current portion of amounts payable after more than one year | 42 | €555,794 | €550,355 | -€5,439 | -1.0% |
| Financial debts | 43 | €3,541 | €5,949 | +€2,407 | +68.0% |
| Credit institutions | 430/8 | €3,541 | €5,949 | +€2,407 | +68.0% |
| Trade debts | 44 | €11,927 | €10,413 | -€1,513 | -12.7% |
| Suppliers | 440/4 | €11,927 | €10,413 | -€1,513 | -12.7% |
| Taxes, remuneration and social security | 45 | €19,404 | €185,426 | +€166,022 | +855.6% |
| Taxes | 450/3 | €19,404 | €185,426 | +€166,022 | +855.6% |
| Other amounts payable | 47/48 | €256,022 | €479,267 | +€223,246 | +87.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,191 | €20,479 | +€287 | +1.4% |
| Other operating charges | 640/8 | €1,256 | €2,989 | +€1,733 | +138.0% |
| Gross operating margin | 9900 | €514,117 | €650,930 | +€136,814 | +26.6% |
| Operating profit (loss) | 9901 | €492,670 | €627,463 | +€134,793 | +27.4% |
| Financial income | 75/76B | €658,975 | €913,236 | +€254,260 | +38.6% |
| Recurring financial income | 75 | €658,975 | €913,236 | +€254,260 | +38.6% |
| Financial charges | 65/66B | €83,051 | €61,071 | -€21,981 | -26.5% |
| Recurring financial charges | 65 | €83,051 | €61,071 | -€21,981 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | €1,068,593 | €1,479,628 | +€411,034 | +38.5% |
| Income taxes | 67/77 | €127,742 | €148,193 | +€20,451 | +16.0% |
| Profit (loss) for the period | 9904 | €940,851 | €1,331,435 | +€390,583 | +41.5% |
| Profit (loss) for the period to be appropriated | 9905 | €940,851 | €1,331,435 | +€390,583 | +41.5% |
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 11 October 2026 via checked.be.