J'EN RIS ENCORE: 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'EN RIS ENCORE
Largest movements
- Receivables after one year -€13,201
down €13,201 (-2.6%), from €506,469 to €493,268
- Tax, wage and social debts -€22,801
down €22,801 (-22.2%), from €102,695 to €79,894
of which Taxes: -€38,869
- Current portion of long-term debt -€16,956
no longer reported in 2025 (was €16,956)
- Reserves +€15,000
up €15,000 (+53.8%), from €27,860 to €42,860
of which Distributable reserves: +€15,000
- Trade debts +€9,355
up €9,355 (+19.3%), from €48,411 to €57,766
- Staff costs +€11,428
up €11,428 (+16.1%), from €70,888 to €82,316
- Financial charges -€7,910
down €7,910 (-64.1%), from €12,339 to €4,429
- Gross operating margin +€3,674
up €3,674 (+4.0%), from €92,552 to €96,226
- Taxes -€2,003
down €2,003 (-19.6%), from €10,204 to €8,201
- Financial income +€1,133
up €1,133 (+8.4%), from €13,487 to €14,620
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 | €535,765 | €518,583 | -€17,182 | -3.2% |
| Fixed assets | 21/28 | €1,454 | €885 | -€569 | -39.1% |
| Tangible fixed assets | 22/27 | €804 | €235 | -€569 | -70.8% |
| Plant, machinery and equipment | 23 | €405 | €235 | -€170 | -41.9% |
| Furniture and vehicles | 24 | €399 | - | -€399 | |
| Financial fixed assets | 28 | €650 | €650 | = | 0.0% |
| Current assets | 29/58 | €534,311 | €517,698 | -€16,613 | -3.1% |
| Amounts receivable after more than one year | 29 | €506,469 | €493,268 | -€13,201 | -2.6% |
| Trade receivables | 290 | €506,469 | €493,268 | -€13,201 | -2.6% |
| Stocks and contracts in progress | 3 | €1,350 | €1,480 | +€130 | +9.6% |
| Stocks | 30/36 | €1,350 | €1,480 | +€130 | +9.6% |
| Amounts receivable within one year | 40/41 | €17,952 | €16,669 | -€1,283 | -7.1% |
| Trade receivables | 40 | €17,952 | €16,669 | -€1,283 | -7.1% |
| Cash at bank and in hand | 54/58 | €2,966 | €3,961 | +€995 | +33.6% |
| Deferred charges and accrued income | 490/1 | €5,574 | €2,320 | -€3,254 | -58.4% |
| Total equity and liabilities | 10/49 | €535,765 | €518,583 | -€17,182 | -3.2% |
| Equity | 10/15 | €365,869 | €380,923 | +€15,054 | +4.1% |
| Contributions | 10/11 | €18,600 | €18,490 | -€111 | -0.6% |
| Reserves | 13 | €27,860 | €42,860 | +€15,000 | +53.8% |
| 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 | €26,000 | €41,000 | +€15,000 | +57.7% |
| Profit (loss) carried forward | 14 | €319,409 | €319,574 | +€164 | +0.1% |
| Amounts payable | 17/49 | €169,896 | €137,660 | -€32,236 | -19.0% |
| Amounts payable within one year | 42/48 | €168,062 | €137,660 | -€30,402 | -18.1% |
| Current portion of amounts payable after more than one year | 42 | €16,956 | - | -€16,956 | |
| Trade debts | 44 | €48,411 | €57,766 | +€9,355 | +19.3% |
| Suppliers | 440/4 | €48,411 | €57,766 | +€9,355 | +19.3% |
| Taxes, remuneration and social security | 45 | €102,695 | €79,894 | -€22,801 | -22.2% |
| Taxes | 450/3 | €95,550 | €56,681 | -€38,869 | -40.7% |
| Remuneration and social security | 454/9 | €7,145 | €23,213 | +€16,068 | +225% |
| Accrued charges and deferred income | 492/3 | €1,834 | - | -€1,834 | |
| Remuneration, social security and pensions | 62 | €70,888 | €82,316 | +€11,428 | +16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €674 | €569 | -€105 | -15.5% |
| Other operating charges | 640/8 | €387 | €167 | -€220 | -56.9% |
| Gross operating margin | 9900 | €92,552 | €96,226 | +€3,674 | +4.0% |
| Operating profit (loss) | 9901 | €20,603 | €13,174 | -€7,429 | -36.1% |
| Financial income | 75/76B | €13,487 | €14,620 | +€1,133 | +8.4% |
| Recurring financial income | 75 | €13,487 | €14,620 | +€1,133 | +8.4% |
| Financial charges | 65/66B | €12,339 | €4,429 | -€7,910 | -64.1% |
| Recurring financial charges | 65 | €12,339 | €4,429 | -€7,910 | -64.1% |
| Profit (loss) for the period before taxes | 9903 | €21,751 | €23,365 | +€1,614 | +7.4% |
| Income taxes | 67/77 | €10,204 | €8,201 | -€2,003 | -19.6% |
| Profit (loss) for the period | 9904 | €11,548 | €15,164 | +€3,617 | +31.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,548 | €15,164 | +€3,617 | +31.3% |
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.