GN & JEY: 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.
GN & JEY
Largest movements
- Tangible fixed assets +€12,012
new in 2025: €12,012
- Receivables within one year +€6,761
up €6,761 (+274%), from €2,467 to €9,228
of which Trade receivables: +€6,908
- Cash -€6,570
down €6,570 (-70.4%), from €9,327 to €2,757
mainly Investment in fixed assets (net) (-€17,665) and Receivables within one year (-€6,761)
- Other debts +€15,004
new in 2025: €15,004
- Profit (loss) carried forward -€4,646
down €4,646 (-59.7%), from €7,783 to €3,137
- Tax, wage and social debts +€1,545
up €1,545 (+39.7%), from €3,890 to €5,435
of which Taxes: +€1,295
- Trade debts +€300
new in 2025: €300
- Gross operating margin -€9,958
down €9,958 (-89.0%), from €11,191 to €1,233
- Depreciation +€5,653
new in 2025: €5,653
- Taxes -€2,595
no longer reported in 2025 (was €2,595)
- Other operating charges -€776
no longer reported in 2025 (was €776)
- Financial charges +€190
up €190 (+513%), from €37 to €227
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 | €12,673 | €24,876 | +€12,203 | +96.3% |
| Formation expenses | 20 | €879 | €879 | +€0 | 0.0% |
| Fixed assets | 21/28 | - | €12,012 | +€12,012 | |
| Tangible fixed assets | 22/27 | - | €12,012 | +€12,012 | |
| Furniture and vehicles | 24 | - | €12,012 | +€12,012 | |
| Current assets | 29/58 | €11,794 | €11,984 | +€190 | +1.6% |
| Amounts receivable within one year | 40/41 | €2,467 | €9,228 | +€6,761 | +274% |
| Trade receivables | 40 | €2,320 | €9,228 | +€6,908 | +298% |
| Other amounts receivable | 41 | €147 | - | -€147 | |
| Cash at bank and in hand | 54/58 | €9,327 | €2,757 | -€6,570 | -70.4% |
| Total equity and liabilities | 10/49 | €12,673 | €24,876 | +€12,203 | +96.3% |
| Equity | 10/15 | €8,783 | €4,137 | -€4,646 | -52.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Capital | 10 | €1,000 | - | -€1,000 | |
| Issued capital | 100 | €1,000 | - | -€1,000 | |
| Profit (loss) carried forward | 14 | €7,783 | €3,137 | -€4,646 | -59.7% |
| Amounts payable | 17/49 | €3,890 | €20,739 | +€16,849 | +433% |
| Amounts payable within one year | 42/48 | €3,890 | €20,739 | +€16,849 | +433% |
| Trade debts | 44 | - | €300 | +€300 | |
| Suppliers | 440/4 | - | €300 | +€300 | |
| Taxes, remuneration and social security | 45 | €3,890 | €5,435 | +€1,545 | +39.7% |
| Taxes | 450/3 | €3,890 | €5,185 | +€1,295 | +33.3% |
| Remuneration and social security | 454/9 | - | €250 | +€250 | |
| Other amounts payable | 47/48 | - | €15,004 | +€15,004 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €5,653 | +€5,653 | |
| Other operating charges | 640/8 | €776 | - | -€776 | |
| Gross operating margin | 9900 | €11,191 | €1,233 | -€9,958 | -89.0% |
| Operating profit (loss) | 9901 | €10,415 | -€4,420 | -€14,835 | |
| Financial charges | 65/66B | €37 | €227 | +€190 | +513% |
| Recurring financial charges | 65 | €37 | €227 | +€190 | +513% |
| Profit (loss) for the period before taxes | 9903 | €10,378 | -€4,647 | -€15,025 | |
| Income taxes | 67/77 | €2,595 | - | -€2,595 | |
| Profit (loss) for the period | 9904 | €7,783 | -€4,647 | -€12,430 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,783 | -€4,647 | -€12,430 |
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 17 October 2026 via checked.be.