J'SELECT ELECTRICITE GENERALE: 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'SELECT ELECTRICITE GENERALE
Largest movements
- Cash -€59,978
down €59,978 (-42.8%), from €140,066 to €80,088
mainly Tax, wage and social debts (-€38,057) and Trade debts (-€36,705)
- Receivables within one year -€31,325
down €31,325 (-25.0%), from €125,336 to €94,011
of which Trade receivables: -€27,583
- Tangible fixed assets -€18,694
down €18,694 (-30.4%), from €61,453 to €42,759
of which Furniture and vehicles: -€17,987
- Intangible fixed assets -€6,250
down €6,250 (-60.0%), from €10,417 to €4,167
- Deferred charges and accrued income -€3,587
down €3,587 (-43.0%), from €8,341 to €4,754
- Tax, wage and social debts -€38,057
down €38,057 (-72.8%), from €52,257 to €14,200
of which Remuneration and social security: -€37,531
- Trade debts -€36,705
down €36,705 (-44.7%), from €82,173 to €45,468
- Profit (loss) carried forward -€32,211
down €32,211 (-36.0%), from €89,462 to €57,251
- Debts after one year -€13,226
down €13,226 (-46.5%), from €28,464 to €15,238
- Gross operating margin -€191,538
down €191,538 (-59.4%), from €322,276 to €130,738
- Staff costs -€153,628
down €153,628 (-54.3%), from €282,741 to €129,113
- Taxes -€3,345
down €3,345 (-95.7%), from €3,497 to €152
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 | €347,051 | €227,218 | -€119,833 | -34.5% |
| Fixed assets | 21/28 | €73,309 | €48,366 | -€24,944 | -34.0% |
| Intangible fixed assets | 21 | €10,417 | €4,167 | -€6,250 | -60.0% |
| Tangible fixed assets | 22/27 | €61,453 | €42,759 | -€18,694 | -30.4% |
| Land and buildings | 22 | €1,285 | €578 | -€707 | -55.0% |
| Furniture and vehicles | 24 | €60,168 | €42,181 | -€17,987 | -29.9% |
| Financial fixed assets | 28 | €1,440 | €1,440 | = | 0.0% |
| Current assets | 29/58 | €273,742 | €178,853 | -€94,889 | -34.7% |
| Amounts receivable within one year | 40/41 | €125,336 | €94,011 | -€31,325 | -25.0% |
| Trade receivables | 40 | €106,411 | €78,828 | -€27,583 | -25.9% |
| Other amounts receivable | 41 | €18,925 | €15,183 | -€3,742 | -19.8% |
| Cash at bank and in hand | 54/58 | €140,066 | €80,088 | -€59,978 | -42.8% |
| Deferred charges and accrued income | 490/1 | €8,341 | €4,754 | -€3,587 | -43.0% |
| Total equity and liabilities | 10/49 | €347,051 | €227,218 | -€119,833 | -34.5% |
| Equity | 10/15 | €119,162 | €86,951 | -€32,211 | -27.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,100 | €11,100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,100 | €1,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,100 | €1,100 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €89,462 | €57,251 | -€32,211 | -36.0% |
| Amounts payable | 17/49 | €227,889 | €140,267 | -€87,622 | -38.4% |
| Amounts payable after more than one year | 17 | €28,464 | €15,238 | -€13,226 | -46.5% |
| Financial debts | 170/4 | €28,464 | €15,238 | -€13,226 | -46.5% |
| Amounts payable within one year | 42/48 | €199,425 | €125,030 | -€74,396 | -37.3% |
| Current portion of amounts payable after more than one year | 42 | €12,860 | €13,226 | +€366 | +2.8% |
| Trade debts | 44 | €82,173 | €45,468 | -€36,705 | -44.7% |
| Suppliers | 440/4 | €82,173 | €45,468 | -€36,705 | -44.7% |
| Taxes, remuneration and social security | 45 | €52,257 | €14,200 | -€38,057 | -72.8% |
| Taxes | 450/3 | €1,918 | €1,392 | -€526 | -27.4% |
| Remuneration and social security | 454/9 | €50,339 | €12,808 | -€37,531 | -74.6% |
| Other amounts payable | 47/48 | €52,135 | €52,135 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €282,741 | €129,113 | -€153,628 | -54.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,001 | €29,723 | -€2,279 | -7.1% |
| Other operating charges | 640/8 | €832 | €703 | -€129 | -15.5% |
| Non-recurring operating charges | 66A | €277 | €129 | -€148 | -53.3% |
| Gross operating margin | 9900 | €322,276 | €130,738 | -€191,538 | -59.4% |
| Operating profit (loss) | 9901 | €6,425 | -€28,930 | -€35,355 | |
| Financial income | 75/76B | €1,601 | €3 | -€1,597 | -99.8% |
| Recurring financial income | 75 | €1,601 | €3 | -€1,597 | -99.8% |
| Financial charges | 65/66B | €3,424 | €3,132 | -€292 | -8.5% |
| Recurring financial charges | 65 | €3,424 | €3,132 | -€292 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €4,601 | -€32,059 | -€36,660 | |
| Income taxes | 67/77 | €3,497 | €152 | -€3,345 | -95.7% |
| Profit (loss) for the period | 9904 | €1,104 | -€32,211 | -€33,315 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,104 | -€32,211 | -€33,315 |
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 31 October 2026 via checked.be.