JBCS: 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.
JBCS
Largest movements
- Receivables within one year +€32,240
up €32,240 (+210%), from €15,346 to €47,585
of which Trade receivables: +€34,485
- Cash -€24,923
down €24,923 (-45.3%), from €55,035 to €30,112
mainly Receivables within one year (-€32,240) and Contributions, distributions and other (-€18,302)
- Tangible fixed assets +€4,141
up €4,141 (+145%), from €2,861 to €7,002
of which Land and buildings: +€4,003
- Reserves +€11,466
up €11,466 (+15.1%), from €75,805 to €87,271
- Debts after one year -€5,796
down €5,796 (-34.5%), from €16,800 to €11,004
- Tax, wage and social debts +€3,096
up €3,096 (+21.1%), from €14,704 to €17,801
- Current portion of long-term debt +€2,800
up €2,800 (+100%), from €2,800 to €5,600
- Other debts -€1,768
no longer reported in 2025 (was €1,768)
- Gross operating margin +€20,831
up €20,831 (+119%), from €17,475 to €38,307
- Taxes +€6,739
up €6,739 (+120%), from €5,628 to €12,367
- Financial income -€867
down €867 (-9.1%), from €9,497 to €8,630
- Other operating charges +€789
up €789 (+65.9%), from €1,198 to €1,987
- Depreciation +€789
up €789 (+62.4%), from €1,264 to €2,053
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 | €115,741 | €127,199 | +€11,458 | +9.9% |
| Fixed assets | 21/28 | €45,361 | €49,502 | +€4,141 | +9.1% |
| Tangible fixed assets | 22/27 | €2,861 | €7,002 | +€4,141 | +145% |
| Land and buildings | 22 | - | €4,003 | +€4,003 | |
| Furniture and vehicles | 24 | €2,861 | €2,999 | +€138 | +4.8% |
| Financial fixed assets | 28 | €42,500 | €42,500 | = | 0.0% |
| Current assets | 29/58 | €70,381 | €77,698 | +€7,317 | +10.4% |
| Amounts receivable within one year | 40/41 | €15,346 | €47,585 | +€32,240 | +210% |
| Trade receivables | 40 | €10,285 | €44,770 | +€34,485 | +335% |
| Other amounts receivable | 41 | €5,061 | €2,815 | -€2,245 | -44.4% |
| Cash at bank and in hand | 54/58 | €55,035 | €30,112 | -€24,923 | -45.3% |
| Total equity and liabilities | 10/49 | €115,741 | €127,199 | +€11,458 | +9.9% |
| Equity | 10/15 | €78,805 | €90,271 | +€11,466 | +14.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €75,805 | €87,271 | +€11,466 | +15.1% |
| Distributable reserves | 133 | €75,805 | €87,271 | +€11,466 | +15.1% |
| Amounts payable | 17/49 | €36,936 | €36,928 | -€8 | 0.0% |
| Amounts payable after more than one year | 17 | €16,800 | €11,004 | -€5,796 | -34.5% |
| Financial debts | 170/4 | €16,800 | €11,004 | -€5,796 | -34.5% |
| Amounts payable within one year | 42/48 | €20,136 | €25,924 | +€5,788 | +28.7% |
| Current portion of amounts payable after more than one year | 42 | €2,800 | €5,600 | +€2,800 | +100% |
| Trade debts | 44 | €864 | €2,523 | +€1,659 | +192% |
| Suppliers | 440/4 | €864 | €2,523 | +€1,659 | +192% |
| Taxes, remuneration and social security | 45 | €14,704 | €17,801 | +€3,096 | +21.1% |
| Taxes | 450/3 | €14,704 | €17,801 | +€3,096 | +21.1% |
| Other amounts payable | 47/48 | €1,768 | - | -€1,768 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,264 | €2,053 | +€789 | +62.4% |
| Other operating charges | 640/8 | €1,198 | €1,987 | +€789 | +65.9% |
| Gross operating margin | 9900 | €17,475 | €38,307 | +€20,831 | +119% |
| Operating profit (loss) | 9901 | €15,014 | €34,266 | +€19,253 | +128% |
| Financial income | 75/76B | €9,497 | €8,630 | -€867 | -9.1% |
| Recurring financial income | 75 | €9,497 | €8,630 | -€867 | -9.1% |
| Financial charges | 65/66B | €581 | €762 | +€181 | +31.2% |
| Recurring financial charges | 65 | €581 | €762 | +€181 | +31.2% |
| Profit (loss) for the period before taxes | 9903 | €23,930 | €42,134 | +€18,205 | +76.1% |
| Income taxes | 67/77 | €5,628 | €12,367 | +€6,739 | +120% |
| Profit (loss) for the period | 9904 | €18,302 | €29,768 | +€11,466 | +62.7% |
| Profit (loss) for the period to be appropriated | 9905 | €18,302 | €29,768 | +€11,466 | +62.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.