Jebo Construct: 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.
Jebo Construct
Largest movements
- Receivables within one year +€43,101
up €43,101 (+48.7%), from €88,539 to €131,641
of which Trade receivables: +€34,071
- Cash +€12,076
up €12,076 (+670.0%), from €1,802 to €13,878
mainly Net result for the year (+€82,321) and Tax, wage and social debts (+€15,117)
- Tangible fixed assets -€9,487
down €9,487 (-5.3%), from €177,489 to €168,002
of which Land and buildings: -€8,750
- Reserves +€82,321
up €82,321 (+164.5%), from €50,052 to €132,373
- Short-term financial debts -€40,000
down €40,000 (-100.0%), from €40,000 to €0
- Tax, wage and social debts +€15,117
up €15,117 (+65.9%), from €22,956 to €38,073
of which Taxes: +€15,117
- Trade debts -€6,798
down €6,798 (-49.2%), from €13,823 to €7,025
- Debts after one year -€5,123
down €5,123 (-3.8%), from €135,051 to €129,928
- Gross operating margin +€84,498
up €84,498 (+211.5%), from €39,944 to €124,442
- Other operating charges -€20,577
down €20,577 (-94.7%), from €21,728 to €1,151
- Taxes +€17,888
up €17,888 (+471.8%), from €3,792 to €21,679
- Depreciation +€8,391
up €8,391 (+766.1%), from €1,095 to €9,487
- Write-downs +€4,994
new in 2025: €4,994
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 | €267,831 | €313,521 | +€45,690 | +17.1% |
| Fixed assets | 21/28 | €177,489 | €168,002 | -€9,487 | -5.3% |
| Tangible fixed assets | 22/27 | €177,489 | €168,002 | -€9,487 | -5.3% |
| Land and buildings | 22 | €174,641 | €165,891 | -€8,750 | -5.0% |
| Plant, machinery and equipment | 23 | €2,848 | €2,111 | -€737 | -25.9% |
| Current assets | 29/58 | €90,342 | €145,519 | +€55,177 | +61.1% |
| Amounts receivable within one year | 40/41 | €88,539 | €131,641 | +€43,101 | +48.7% |
| Trade receivables | 40 | €85,651 | €119,723 | +€34,071 | +39.8% |
| Other amounts receivable | 41 | €2,888 | €11,918 | +€9,030 | +312.7% |
| Cash at bank and in hand | 54/58 | €1,802 | €13,878 | +€12,076 | +670.0% |
| Total equity and liabilities | 10/49 | €267,831 | €313,521 | +€45,690 | +17.1% |
| Equity | 10/15 | €51,052 | €133,373 | +€82,321 | +161.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €50,052 | €132,373 | +€82,321 | +164.5% |
| Distributable reserves | 133 | €50,052 | €132,373 | +€82,321 | +164.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €216,779 | €180,148 | -€36,630 | -16.9% |
| Amounts payable after more than one year | 17 | €135,051 | €129,928 | -€5,123 | -3.8% |
| Financial debts | 170/4 | €135,051 | €129,928 | -€5,123 | -3.8% |
| Amounts payable within one year | 42/48 | €81,728 | €50,220 | -€31,508 | -38.6% |
| Current portion of amounts payable after more than one year | 42 | €4,949 | €5,123 | +€173 | +3.5% |
| Financial debts | 43 | €40,000 | €0 | -€40,000 | -100.0% |
| Credit institutions | 430/8 | €40,000 | €0 | -€40,000 | -100.0% |
| Trade debts | 44 | €13,823 | €7,025 | -€6,798 | -49.2% |
| Suppliers | 440/4 | €13,823 | €7,025 | -€6,798 | -49.2% |
| Taxes, remuneration and social security | 45 | €22,956 | €38,073 | +€15,117 | +65.9% |
| Taxes | 450/3 | €22,956 | €38,073 | +€15,117 | +65.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,095 | €9,487 | +€8,391 | +766.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,994 | +€4,994 | |
| Other operating charges | 640/8 | €21,728 | €1,151 | -€20,577 | -94.7% |
| Gross operating margin | 9900 | €39,944 | €124,442 | +€84,498 | +211.5% |
| Operating profit (loss) | 9901 | €17,121 | €108,811 | +€91,689 | +535.5% |
| Financial income | 75/76B | €558 | €336 | -€221 | -39.7% |
| Recurring financial income | 75 | €558 | €336 | -€221 | -39.7% |
| Financial charges | 65/66B | €1,546 | €5,147 | +€3,601 | +232.9% |
| Recurring financial charges | 65 | €1,546 | €5,147 | +€3,601 | +232.9% |
| Profit (loss) for the period before taxes | 9903 | €16,133 | €104,000 | +€87,867 | +544.6% |
| Income taxes | 67/77 | €3,792 | €21,679 | +€17,888 | +471.8% |
| Profit (loss) for the period | 9904 | €12,341 | €82,321 | +€69,979 | +567.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,341 | €82,321 | +€69,979 | +567.0% |
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.