ETS JEUKENNE: 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.
ETS JEUKENNE
Largest movements
- Tangible fixed assets -€49,095
down €49,095 (-8.6%), from €573,010 to €523,915
of which Land and buildings: -€27,022
- Receivables within one year +€48,000
up €48,000 (+225%), from €21,374 to €69,374
of which Trade receivables: +€51,806
- Debts after one year -€37,708
down €37,708 (-7.9%), from €475,212 to €437,505
of which Financial debts: -€37,708
- Trade debts +€27,010
up €27,010 (+46.6%), from €57,993 to €85,002
- Profit (loss) carried forward +€13,205
up €13,205 (+18.1%), from -€72,850 to -€59,645
- Current portion of long-term debt -€7,205
down €7,205 (-16.0%), from €44,912 to €37,708
- Other debts +€7,010
up €7,010 (+51.0%), from €13,746 to €20,756
- Gross operating margin +€64,987
up €64,987 (+47.0%), from €138,164 to €203,152
- Depreciation -€8,089
down €8,089 (-14.2%), from €56,930 to €48,841
- Staff costs +€6,826
up €6,826 (+6.1%), from €111,469 to €118,294
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 | €600,787 | €604,513 | +€3,726 | +0.6% |
| Fixed assets | 21/28 | €574,811 | €524,886 | -€49,925 | -8.7% |
| Intangible fixed assets | 21 | €1,267 | €437 | -€830 | -65.5% |
| Tangible fixed assets | 22/27 | €573,010 | €523,915 | -€49,095 | -8.6% |
| Land and buildings | 22 | €527,298 | €500,276 | -€27,022 | -5.1% |
| Plant, machinery and equipment | 23 | €16,879 | €10,852 | -€6,027 | -35.7% |
| Furniture and vehicles | 24 | €26,811 | €12,787 | -€14,024 | -52.3% |
| Leasing and similar rights | 25 | €2,022 | - | -€2,022 | |
| Financial fixed assets | 28 | €535 | €535 | = | 0.0% |
| Current assets | 29/58 | €25,976 | €79,627 | +€53,651 | +207% |
| Amounts receivable within one year | 40/41 | €21,374 | €69,374 | +€48,000 | +225% |
| Trade receivables | 40 | €16,426 | €68,233 | +€51,806 | +315% |
| Other amounts receivable | 41 | €4,948 | €1,142 | -€3,806 | -76.9% |
| Cash at bank and in hand | 54/58 | €752 | €369 | -€383 | -50.9% |
| Deferred charges and accrued income | 490/1 | €3,850 | €9,883 | +€6,033 | +157% |
| Total equity and liabilities | 10/49 | €600,787 | €604,513 | +€3,726 | +0.6% |
| Equity | 10/15 | -€40,897 | -€28,370 | +€12,527 | +30.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€72,850 | -€59,645 | +€13,205 | +18.1% |
| Investment grants | 15 | €11,494 | €10,815 | -€678 | -5.9% |
| Amounts payable | 17/49 | €641,684 | €632,882 | -€8,801 | -1.4% |
| Amounts payable after more than one year | 17 | €475,212 | €437,505 | -€37,708 | -7.9% |
| Financial debts | 170/4 | €391,294 | €353,587 | -€37,708 | -9.6% |
| Other amounts payable | 178/9 | €83,918 | €83,918 | = | 0.0% |
| Amounts payable within one year | 42/48 | €166,472 | €195,345 | +€28,873 | +17.3% |
| Current portion of amounts payable after more than one year | 42 | €44,912 | €37,708 | -€7,205 | -16.0% |
| Financial debts | 43 | €41,075 | €40,437 | -€638 | -1.6% |
| Credit institutions | 430/8 | €41,075 | €40,437 | -€638 | -1.6% |
| Trade debts | 44 | €57,993 | €85,002 | +€27,010 | +46.6% |
| Suppliers | 440/4 | €57,993 | €85,002 | +€27,010 | +46.6% |
| Taxes, remuneration and social security | 45 | €8,746 | €11,442 | +€2,696 | +30.8% |
| Taxes | 450/3 | €1,200 | €2,359 | +€1,159 | +96.6% |
| Remuneration and social security | 454/9 | €7,546 | €9,083 | +€1,537 | +20.4% |
| Other amounts payable | 47/48 | €13,746 | €20,756 | +€7,010 | +51.0% |
| Accrued charges and deferred income | 492/3 | - | €33 | +€33 | |
| Remuneration, social security and pensions | 62 | €111,469 | €118,294 | +€6,826 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,930 | €48,841 | -€8,089 | -14.2% |
| Other operating charges | 640/8 | €1,342 | €2,196 | +€854 | +63.6% |
| Non-recurring operating charges | 66A | - | €2,317 | +€2,317 | |
| Gross operating margin | 9900 | €138,164 | €203,152 | +€64,987 | +47.0% |
| Operating profit (loss) | 9901 | -€31,576 | €31,503 | +€63,080 | |
| Financial income | 75/76B | €2,085 | €678 | -€1,406 | -67.5% |
| Recurring financial income | 75 | €2,085 | €678 | -€1,406 | -67.5% |
| Financial charges | 65/66B | €20,357 | €18,976 | -€1,381 | -6.8% |
| Recurring financial charges | 65 | €20,357 | €18,976 | -€1,381 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | -€49,849 | €13,205 | +€63,054 | |
| Profit (loss) for the period | 9904 | -€49,849 | €13,205 | +€63,054 | |
| Profit (loss) for the period to be appropriated | 9905 | -€49,849 | €13,205 | +€63,054 |
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 27 October 2026 via checked.be.