js & b management: 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.
js & b management
Largest movements
- Tangible fixed assets -€34,171
down €34,171 (-5.0%), from €679,282 to €645,111
of which Furniture and vehicles: -€17,493
- Debts after one year -€85,499
down €85,499 (-11.3%), from €753,403 to €667,904
- Reserves +€45,000
up €45,000 (+20.9%), from €215,000 to €260,000
- Tax, wage and social debts +€17,171
up €17,171 (+58.2%), from €29,479 to €46,650
- Gross operating margin +€4,301
up €4,301 (+3.9%), from €110,633 to €114,934
- Financial charges -€2,048
down €2,048 (-16.7%), from €12,237 to €10,189
- Other operating charges +€1,255
up €1,255 (+29.5%), from €4,259 to €5,515
- Taxes +€1,151
up €1,151 (+7.3%), from €15,766 to €16,917
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 | €1,114,096 | €1,095,359 | -€18,737 | -1.7% |
| Fixed assets | 21/28 | €1,004,368 | €970,197 | -€34,171 | -3.4% |
| Tangible fixed assets | 22/27 | €679,282 | €645,111 | -€34,171 | -5.0% |
| Land and buildings | 22 | €627,273 | €610,596 | -€16,678 | -2.7% |
| Furniture and vehicles | 24 | €52,008 | €34,515 | -€17,493 | -33.6% |
| Financial fixed assets | 28 | €325,087 | €325,087 | = | 0.0% |
| Current assets | 29/58 | €109,728 | €125,161 | +€15,434 | +14.1% |
| Amounts receivable within one year | 40/41 | €103,172 | €111,706 | +€8,534 | +8.3% |
| Trade receivables | 40 | €13,684 | €22,264 | +€8,580 | +62.7% |
| Other amounts receivable | 41 | €89,488 | €89,442 | -€46 | -0.1% |
| Cash at bank and in hand | 54/58 | €5,312 | €12,140 | +€6,828 | +128.5% |
| Deferred charges and accrued income | 490/1 | €1,243 | €1,315 | +€72 | +5.8% |
| Total equity and liabilities | 10/49 | €1,114,096 | €1,095,359 | -€18,737 | -1.7% |
| Equity | 10/15 | €238,022 | €285,845 | +€47,823 | +20.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €215,000 | €260,000 | +€45,000 | +20.9% |
| Distributable reserves | 133 | €215,000 | €260,000 | +€45,000 | +20.9% |
| Profit (loss) carried forward | 14 | €3,022 | €5,845 | +€2,823 | +93.4% |
| Amounts payable | 17/49 | €876,074 | €809,514 | -€66,560 | -7.6% |
| Amounts payable after more than one year | 17 | €753,403 | €667,904 | -€85,499 | -11.3% |
| Financial debts | 170/4 | €753,403 | €667,904 | -€85,499 | -11.3% |
| Amounts payable within one year | 42/48 | €121,648 | €140,580 | +€18,932 | +15.6% |
| Current portion of amounts payable after more than one year | 42 | €83,895 | €85,499 | +€1,603 | +1.9% |
| Trade debts | 44 | €2,220 | €2,378 | +€158 | +7.1% |
| Suppliers | 440/4 | €2,220 | €2,378 | +€158 | +7.1% |
| Taxes, remuneration and social security | 45 | €29,479 | €46,650 | +€17,171 | +58.2% |
| Taxes | 450/3 | €29,479 | €46,650 | +€17,171 | +58.2% |
| Other amounts payable | 47/48 | €6,053 | €6,053 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,024 | €1,030 | +€6 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,364 | €34,171 | -€193 | -0.6% |
| Other operating charges | 640/8 | €4,259 | €5,515 | +€1,255 | +29.5% |
| Non-recurring operating charges | 66A | €2,108 | €320 | -€1,788 | -84.8% |
| Gross operating margin | 9900 | €110,633 | €114,934 | +€4,301 | +3.9% |
| Operating profit (loss) | 9901 | €69,902 | €74,929 | +€5,027 | +7.2% |
| Financial charges | 65/66B | €12,237 | €10,189 | -€2,048 | -16.7% |
| Recurring financial charges | 65 | €12,237 | €10,189 | -€2,048 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €57,665 | €64,740 | +€7,075 | +12.3% |
| Income taxes | 67/77 | €15,766 | €16,917 | +€1,151 | +7.3% |
| Profit (loss) for the period | 9904 | €41,899 | €47,823 | +€5,924 | +14.1% |
| Profit (loss) for the period to be appropriated | 9905 | €41,899 | €47,823 | +€5,924 | +14.1% |
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 8 October 2026 via checked.be.