jabelle: what changed
Two fiscal 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.
jabelle
Largest movements
- Cash -€253,948
down €253,948 (-86.9%), from €292,384 to €38,436
mainly Debts after one year (-€138,577) and Other debts (-€91,165)
- Tangible fixed assets -€124,198
down €124,198 (-5.8%), from €2.1m to €2.0m
of which Land and buildings: -€89,595
- Receivables within one year +€79,973
up €79,973 (+181.2%), from €44,141 to €124,114
of which Other amounts receivable: +€88,543
- Debts after one year -€138,577
down €138,577 (-10.3%), from €1.3m to €1.2m
of which Financial debts: -€138,577
- Other debts -€91,165
down €91,165 (-77.5%), from €117,595 to €26,430
- Trade debts -€59,274
down €59,274 (-98.3%), from €60,298 to €1,024
- Tax, wage and social debts -€41,975
down €41,975 (-74.2%), from €56,540 to €14,565
of which Remuneration and social security: -€29,521
- Reserves +€39,958
up €39,958 (+5.4%), from €742,932 to €782,891
of which Distributable reserves: +€39,958
- Gross operating margin -€713,376
down €713,376 (-73.9%), from €964,797 to €251,421
- Staff costs -€559,634
down €559,634 (-99.6%), from €561,848 to €2,214
- Depreciation -€70,352
down €70,352 (-36.2%), from €194,550 to €124,198
- Taxes -€39,202
down €39,202 (-67.1%), from €58,441 to €19,239
- Other operating charges +€17,660
up €17,660 (+168.7%), from €10,468 to €28,128
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.
Cash bridge derived
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 | €2,492,593 | €2,187,788 | -€304,805 | -12.2% |
| Fixed assets | 21/28 | €2,149,508 | €2,023,604 | -€125,904 | -5.9% |
| Tangible fixed assets | 22/27 | €2,147,141 | €2,022,944 | -€124,198 | -5.8% |
| Land and buildings | 22 | €2,032,763 | €1,943,168 | -€89,595 | -4.4% |
| Plant, machinery and equipment | 23 | €48,282 | €35,909 | -€12,372 | -25.6% |
| Furniture and vehicles | 24 | €66,097 | €43,867 | -€22,230 | -33.6% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €2,367 | €660 | -€1,707 | -72.1% |
| Current assets | 29/58 | €343,085 | €164,184 | -€178,900 | -52.1% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €44,141 | €124,114 | +€79,973 | +181.2% |
| Trade receivables | 40 | €8,570 | €0 | -€8,570 | -100.0% |
| Other amounts receivable | 41 | €35,571 | €124,114 | +€88,543 | +248.9% |
| Cash at bank and in hand | 54/58 | €292,384 | €38,436 | -€253,948 | -86.9% |
| Deferred charges and accrued income | 490/1 | €6,560 | €1,635 | -€4,925 | -75.1% |
| Total equity and liabilities | 10/49 | €2,492,593 | €2,187,788 | -€304,805 | -12.2% |
| Equity | 10/15 | €761,932 | €801,891 | +€39,958 | +5.2% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €742,932 | €782,891 | +€39,958 | +5.4% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €741,032 | €780,991 | +€39,958 | +5.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,730,661 | €1,385,898 | -€344,763 | -19.9% |
| Amounts payable after more than one year | 17 | €1,341,962 | €1,203,385 | -€138,577 | -10.3% |
| Financial debts | 170/4 | €1,341,962 | €1,203,385 | -€138,577 | -10.3% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €387,944 | €180,596 | -€207,347 | -53.4% |
| Current portion of amounts payable after more than one year | 42 | €153,510 | €138,577 | -€14,934 | -9.7% |
| Trade debts | 44 | €60,298 | €1,024 | -€59,274 | -98.3% |
| Suppliers | 440/4 | €60,298 | €1,024 | -€59,274 | -98.3% |
| Taxes, remuneration and social security | 45 | €56,540 | €14,565 | -€41,975 | -74.2% |
| Taxes | 450/3 | €27,019 | €14,565 | -€12,454 | -46.1% |
| Remuneration and social security | 454/9 | €29,521 | €0 | -€29,521 | -100.0% |
| Other amounts payable | 47/48 | €117,595 | €26,430 | -€91,165 | -77.5% |
| Accrued charges and deferred income | 492/3 | €755 | €1,916 | +€1,161 | +153.8% |
| Non-recurring operating income | 76A | €0 | €5,818 | +€5,818 | |
| Remuneration, social security and pensions | 62 | €561,848 | €2,214 | -€559,634 | -99.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €194,550 | €124,198 | -€70,352 | -36.2% |
| Other operating charges | 640/8 | €10,468 | €28,128 | +€17,660 | +168.7% |
| Non-recurring operating charges | 66A | €1,795 | €0 | -€1,795 | -100.0% |
| Gross operating margin | 9900 | €964,797 | €251,421 | -€713,376 | -73.9% |
| Operating profit (loss) | 9901 | €196,136 | €96,882 | -€99,254 | -50.6% |
| Financial income | 75/76B | €6,622 | €1,144 | -€5,478 | -82.7% |
| Recurring financial income | 75 | €6,622 | €1,144 | -€5,478 | -82.7% |
| Financial charges | 65/66B | €31,434 | €38,828 | +€7,394 | +23.5% |
| Recurring financial charges | 65 | €31,434 | €38,828 | +€7,394 | +23.5% |
| Profit (loss) for the period before taxes | 9903 | €171,324 | €59,198 | -€112,126 | -65.4% |
| Income taxes | 67/77 | €58,441 | €19,239 | -€39,202 | -67.1% |
| Profit (loss) for the period | 9904 | €112,882 | €39,958 | -€72,924 | -64.6% |
| Profit (loss) for the period to be appropriated | 9905 | €112,882 | €39,958 | -€72,924 | -64.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.