JEAL: 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.
JEAL
Largest movements
- Current assets -€140,676
down €140,676 (-71.9%), from €195,597 to €54,921
- Tangible fixed assets -€67,559
down €67,559 (-1.3%), from €5.3m to €5.2m
- Debts -€161,426
down €161,426 (-26.2%), from €616,174 to €454,748
of which Debts within one year: -€163,374
- Gross operating margin +€41,646
up €41,646 (+56.8%), from €73,371 to €115,016
- Depreciation +€6,774
up €6,774 (+5.8%), from €116,231 to €123,005
From the 2020 result to the 2021 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,459,988 | €5,251,753 | -€208,235 | -3.8% |
| Fixed assets | 21/28 | €5,264,391 | €5,196,832 | -€67,559 | -1.3% |
| Tangible fixed assets | 22/27 | €5,264,391 | €5,196,832 | -€67,559 | -1.3% |
| Current assets | 29/58 | €195,597 | €54,921 | -€140,676 | -71.9% |
| Cash at bank and in hand | 54/58 | €194,227 | €53,503 | -€140,724 | -72.5% |
| Total equity and liabilities | 10/49 | €5,459,988 | €5,251,753 | -€208,235 | -3.8% |
| Equity | 10/15 | €4,843,814 | €4,797,005 | -€46,809 | -1.0% |
| Reserves | 13 | €14,607 | €14,607 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€557,793 | -€604,603 | -€46,809 | -8.4% |
| Amounts payable | 17/49 | €616,174 | €454,748 | -€161,426 | -26.2% |
| Amounts payable after more than one year | 17 | €755 | €755 | = | 0.0% |
| Amounts payable within one year | 42/48 | €612,161 | €448,787 | -€163,374 | -26.7% |
| Trade debts | 44 | €449 | €6,014 | +€5,566 | +1240.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116,231 | €123,005 | +€6,774 | +5.8% |
| Gross operating margin | 9900 | €73,371 | €115,016 | +€41,646 | +56.8% |
| Operating profit (loss) | 9901 | -€133,837 | -€23,222 | +€110,615 | +82.6% |
| Recurring financial charges | 65 | €32,783 | €23,587 | -€9,196 | -28.1% |
| Profit (loss) for the period before taxes | 9903 | -€180,346 | -€46,809 | +€133,536 | +74.0% |
| Profit (loss) for the period | 9904 | -€180,346 | -€46,809 | +€133,536 | +74.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€180,346 | -€46,809 | +€133,536 | +74.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2020 and 31 March 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.