DR. JANKELEVITCH E.: 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.
DR. JANKELEVITCH E.
Largest movements
- Current investments +€142,235
new in 2025: €142,235
- Cash +€121,767
up €121,767 (+263.0%), from €46,297 to €168,064
mainly Net result for the year (+€118,226) and Depreciation (+€61,362)
- Intangible fixed assets -€60,000
down €60,000 (-27.3%), from €220,000 to €160,000
- Receivables within one year -€46,390
no longer reported in 2025 (was €46,390)
- Deferred charges and accrued income +€6,799
up €6,799 (+124.4%), from €5,466 to €12,265
- Reserves +€118,200
up €118,200 (+43.2%), from €273,600 to €391,800
- Other debts +€29,052
new in 2025: €29,052
- Tax, wage and social debts +€15,936
up €15,936 (+68.9%), from €23,119 to €39,055
- Gross operating margin +€32,490
up €32,490 (+16.2%), from €200,822 to €233,312
- Taxes +€11,893
up €11,893 (+30.4%), from €39,169 to €51,062
- Financial charges -€2,656
down €2,656 (-51.6%), from €5,152 to €2,496
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 | €322,185 | €485,234 | +€163,049 | +50.6% |
| Fixed assets | 21/28 | €224,032 | €162,670 | -€61,362 | -27.4% |
| Intangible fixed assets | 21 | €220,000 | €160,000 | -€60,000 | -27.3% |
| Tangible fixed assets | 22/27 | €4,032 | €2,670 | -€1,362 | -33.8% |
| Furniture and vehicles | 24 | €4,032 | €2,670 | -€1,362 | -33.8% |
| Current assets | 29/58 | €98,153 | €322,564 | +€224,411 | +228.6% |
| Amounts receivable within one year | 40/41 | €46,390 | - | -€46,390 | |
| Other amounts receivable | 41 | €46,390 | - | -€46,390 | |
| Current investments | 50/53 | - | €142,235 | +€142,235 | |
| Cash at bank and in hand | 54/58 | €46,297 | €168,064 | +€121,767 | +263.0% |
| Deferred charges and accrued income | 490/1 | €5,466 | €12,265 | +€6,799 | +124.4% |
| Total equity and liabilities | 10/49 | €322,185 | €485,234 | +€163,049 | +50.6% |
| Equity | 10/15 | €293,835 | €412,061 | +€118,226 | +40.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €273,600 | €391,800 | +€118,200 | +43.2% |
| Distributable reserves | 133 | €273,600 | €391,800 | +€118,200 | +43.2% |
| Profit (loss) carried forward | 14 | €235 | €261 | +€26 | +10.9% |
| Amounts payable | 17/49 | €28,350 | €73,174 | +€44,824 | +158.1% |
| Amounts payable within one year | 42/48 | €23,283 | €68,107 | +€44,824 | +192.5% |
| Trade debts | 44 | €164 | - | -€164 | |
| Suppliers | 440/4 | €164 | - | -€164 | |
| Taxes, remuneration and social security | 45 | €23,119 | €39,055 | +€15,936 | +68.9% |
| Taxes | 450/3 | €23,119 | €39,055 | +€15,936 | +68.9% |
| Other amounts payable | 47/48 | - | €29,052 | +€29,052 | |
| Accrued charges and deferred income | 492/3 | €5,067 | €5,067 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,972 | €61,362 | +€389 | +0.6% |
| Other operating charges | 640/8 | €573 | €586 | +€12 | +2.2% |
| Gross operating margin | 9900 | €200,822 | €233,312 | +€32,490 | +16.2% |
| Operating profit (loss) | 9901 | €139,277 | €171,364 | +€32,088 | +23.0% |
| Financial income | 75/76B | €9 | €419 | +€410 | +4560.8% |
| Recurring financial income | 75 | €9 | €419 | +€410 | +4560.8% |
| Financial charges | 65/66B | €5,152 | €2,496 | -€2,656 | -51.6% |
| Recurring financial charges | 65 | €5,152 | €2,496 | -€2,656 | -51.6% |
| Profit (loss) for the period before taxes | 9903 | €134,133 | €169,287 | +€35,154 | +26.2% |
| Income taxes | 67/77 | €39,169 | €51,062 | +€11,893 | +30.4% |
| Profit (loss) for the period | 9904 | €94,964 | €118,226 | +€23,261 | +24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €94,964 | €118,226 | +€23,261 | +24.5% |
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 30 September 2026 via checked.be.