B & J: 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.
B & J
Largest movements
- Receivables within one year -€78,132
down €78,132 (-64.8%), from €120,553 to €42,421
of which Other amounts receivable: -€67,992
- Cash +€34,100
up €34,100 (+26.2%), from €130,302 to €164,402
mainly Receivables within one year (+€78,132) and Net result for the year (+€39,798)
- Tangible fixed assets -€16,056
down €16,056 (-23.6%), from €68,170 to €52,115
- Reserves -€38,078
down €38,078 (-4.4%), from €868,151 to €830,073
of which Distributable reserves: -€38,078
- Debts after one year -€17,318
down €17,318 (-74.1%), from €23,367 to €6,050
- Gross operating margin +€43,594
up €43,594 (+122%), from €35,745 to €79,339
- Taxes +€12,729
up €12,729 (+198%), from €6,419 to €19,148
- Depreciation +€3,948
up €3,948 (+32.6%), from €12,107 to €16,056
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 | €931,666 | €871,578 | -€60,088 | -6.4% |
| Fixed assets | 21/28 | €680,810 | €664,755 | -€16,056 | -2.4% |
| Tangible fixed assets | 22/27 | €68,170 | €52,115 | -€16,056 | -23.6% |
| Leasing and similar rights | 25 | €68,170 | €52,115 | -€16,056 | -23.6% |
| Financial fixed assets | 28 | €612,640 | €612,640 | = | 0.0% |
| Current assets | 29/58 | €250,855 | €206,823 | -€44,032 | -17.6% |
| Amounts receivable within one year | 40/41 | €120,553 | €42,421 | -€78,132 | -64.8% |
| Trade receivables | 40 | €29,500 | €19,360 | -€10,140 | -34.4% |
| Other amounts receivable | 41 | €91,053 | €23,061 | -€67,992 | -74.7% |
| Cash at bank and in hand | 54/58 | €130,302 | €164,402 | +€34,100 | +26.2% |
| Total equity and liabilities | 10/49 | €931,666 | €871,578 | -€60,088 | -6.4% |
| Equity | 10/15 | €874,351 | €836,273 | -€38,078 | -4.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €868,151 | €830,073 | -€38,078 | -4.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €866,291 | €828,213 | -€38,078 | -4.4% |
| Amounts payable | 17/49 | €57,315 | €35,305 | -€22,010 | -38.4% |
| Amounts payable after more than one year | 17 | €23,367 | €6,050 | -€17,318 | -74.1% |
| Financial debts | 170/4 | €23,367 | €6,050 | -€17,318 | -74.1% |
| Amounts payable within one year | 42/48 | €33,947 | €29,256 | -€4,692 | -13.8% |
| Current portion of amounts payable after more than one year | 42 | €16,565 | €17,318 | +€753 | +4.5% |
| Trade debts | 44 | €11,623 | €3,340 | -€8,283 | -71.3% |
| Suppliers | 440/4 | €11,623 | €3,340 | -€8,283 | -71.3% |
| Taxes, remuneration and social security | 45 | €5,759 | €8,597 | +€2,838 | +49.3% |
| Taxes | 450/3 | €5,759 | €8,597 | +€2,838 | +49.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,107 | €16,056 | +€3,948 | +32.6% |
| Other operating charges | 640/8 | €3,291 | €3,757 | +€466 | +14.2% |
| Gross operating margin | 9900 | €35,745 | €79,339 | +€43,594 | +122% |
| Operating profit (loss) | 9901 | €20,347 | €59,526 | +€39,180 | +193% |
| Financial income | 75/76B | €1,160 | €1,140 | -€20 | -1.7% |
| Recurring financial income | 75 | €1,160 | €1,140 | -€20 | -1.7% |
| Financial charges | 65/66B | €2,368 | €1,721 | -€647 | -27.3% |
| Recurring financial charges | 65 | €2,368 | €1,721 | -€647 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | €19,139 | €58,945 | +€39,806 | +208% |
| Income taxes | 67/77 | €6,419 | €19,148 | +€12,729 | +198% |
| Profit (loss) for the period | 9904 | €12,720 | €39,798 | +€27,077 | +213% |
| Profit (loss) for the period to be appropriated | 9905 | €12,720 | €39,798 | +€27,077 | +213% |
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 26 October 2026 via checked.be.