J & E Holdings: 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.
J & E Holdings
Largest movements
- Tangible fixed assets -€560,736
down €560,736 (-100%), from €560,736 to €0
of which Land and buildings: -€525,558
- Receivables within one year -€106,809
down €106,809 (-5.8%), from €1.8m to €1.7m
of which Trade receivables: -€79,997
- Stocks and contracts -€27,949
down €27,949 (-10.4%), from €268,694 to €240,745
- Debts after one year -€393,495
down €393,495 (-100%), from €393,495 to €0
- Short-term financial debts -€128,970
down €128,970 (-100%), from €128,970 to €0
of which Other loans: -€100,000
- Current portion of long-term debt -€84,905
down €84,905 (-43.6%), from €194,905 to €110,000
- Trade debts -€75,576
down €75,576 (-69.1%), from €109,342 to €33,766
- Other debts -€45,000
down €45,000 (-100%), from €45,000 to €0
- Gross operating margin +€55,802
up €55,802 (+362%), from €15,405 to €71,207
- Financial income +€32,110
up €32,110 (+48.5%), from €66,227 to €98,337
- Other operating charges -€25,628
down €25,628 (-85.0%), from €30,151 to €4,523
- Depreciation -€17,674
down €17,674 (-100%), from €17,674 to €0
- Taxes +€10,061
up €10,061 (+185%), from €5,429 to €15,490
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 | €2,670,395 | €1,979,857 | -€690,538 | -25.9% |
| Fixed assets | 21/28 | €560,736 | €0 | -€560,736 | -100% |
| Tangible fixed assets | 22/27 | €560,736 | €0 | -€560,736 | -100% |
| Land and buildings | 22 | €525,558 | €0 | -€525,558 | -100% |
| Plant, machinery and equipment | 23 | €35,177 | €0 | -€35,177 | -100% |
| Current assets | 29/58 | €2,109,659 | €1,979,857 | -€129,802 | -6.2% |
| Stocks and contracts in progress | 3 | €268,694 | €240,745 | -€27,949 | -10.4% |
| Stocks | 30/36 | €268,694 | €240,745 | -€27,949 | -10.4% |
| Amounts receivable within one year | 40/41 | €1,840,943 | €1,734,133 | -€106,809 | -5.8% |
| Trade receivables | 40 | €82,485 | €2,488 | -€79,997 | -97.0% |
| Other amounts receivable | 41 | €1,758,458 | €1,731,645 | -€26,813 | -1.5% |
| Cash at bank and in hand | 54/58 | €23 | €3,916 | +€3,893 | +17,150% |
| Deferred charges and accrued income | 490/1 | - | €1,064 | +€1,064 | |
| Total equity and liabilities | 10/49 | €2,670,395 | €1,979,857 | -€690,538 | -25.9% |
| Equity | 10/15 | €1,776,978 | €1,820,217 | +€43,239 | +2.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,758,378 | €1,801,617 | +€43,239 | +2.5% |
| Non-distributable reserves | 130/1 | €8,110 | €8,110 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,110 | €8,110 | = | 0.0% |
| Distributable reserves | 133 | €1,750,268 | €1,793,507 | +€43,239 | +2.5% |
| Amounts payable | 17/49 | €893,417 | €159,641 | -€733,776 | -82.1% |
| Amounts payable after more than one year | 17 | €393,495 | €0 | -€393,495 | -100% |
| Financial debts | 170/4 | €393,495 | €0 | -€393,495 | -100% |
| Amounts payable within one year | 42/48 | €499,922 | €159,641 | -€340,281 | -68.1% |
| Current portion of amounts payable after more than one year | 42 | €194,905 | €110,000 | -€84,905 | -43.6% |
| Financial debts | 43 | €128,970 | €0 | -€128,970 | -100% |
| Credit institutions | 430/8 | €28,970 | €0 | -€28,970 | -100% |
| Other loans | 439 | €100,000 | €0 | -€100,000 | -100% |
| Trade debts | 44 | €109,342 | €33,766 | -€75,576 | -69.1% |
| Suppliers | 440/4 | €109,342 | €33,766 | -€75,576 | -69.1% |
| Taxes, remuneration and social security | 45 | €21,705 | €15,875 | -€5,831 | -26.9% |
| Taxes | 450/3 | €21,705 | €15,875 | -€5,831 | -26.9% |
| Other amounts payable | 47/48 | €45,000 | €0 | -€45,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,674 | €0 | -€17,674 | -100% |
| Other operating charges | 640/8 | €30,151 | €4,523 | -€25,628 | -85.0% |
| Non-recurring operating charges | 66A | - | €75,736 | +€75,736 | |
| Gross operating margin | 9900 | €15,405 | €71,207 | +€55,802 | +362% |
| Operating profit (loss) | 9901 | -€32,420 | -€9,051 | +€23,369 | +72.1% |
| Financial income | 75/76B | €66,227 | €98,337 | +€32,110 | +48.5% |
| Recurring financial income | 75 | €66,227 | €98,337 | +€32,110 | +48.5% |
| Financial charges | 65/66B | €38,174 | €30,557 | -€7,617 | -20.0% |
| Recurring financial charges | 65 | €38,174 | €30,557 | -€7,617 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,367 | €58,729 | +€63,096 | |
| Income taxes | 67/77 | €5,429 | €15,490 | +€10,061 | +185% |
| Profit (loss) for the period | 9904 | -€9,796 | €43,239 | +€53,035 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,796 | €43,239 | +€53,035 |
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 14 October 2026 via checked.be.