JEC SELECT: 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.
JEC SELECT
Largest movements
- Receivables within one year +€17,788
up €17,788 (+22.3%), from €79,700 to €97,489
of which Trade receivables: +€24,875
- Cash -€8,396
down €8,396 (-53.0%), from €15,831 to €7,435
mainly Receivables within one year (-€17,788) and Other debts (-€5,000)
- Reserves +€19,833
up €19,833 (+32.5%), from €61,071 to €80,905
- Other debts -€5,000
no longer reported in 2024 (was €5,000)
- Tax, wage and social debts -€3,243
down €3,243 (-14.9%), from €21,800 to €18,557
of which Taxes: -€5,243
- Current portion of long-term debt -€1,482
no longer reported in 2024 (was €1,482)
- Gross operating margin -€10,456
down €10,456 (-30.4%), from €34,367 to €23,911
- Taxes -€1,574
down €1,574 (-21.2%), from €7,416 to €5,843
- Financial income +€1,051
up €1,051 (+31.3%), from €3,356 to €4,407
- Other operating charges -€384
down €384 (-32.1%), from €1,196 to €813
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €95,532 | €104,924 | +€9,392 | +9.8% |
| Current assets | 29/58 | €95,532 | €104,924 | +€9,392 | +9.8% |
| Amounts receivable within one year | 40/41 | €79,700 | €97,489 | +€17,788 | +22.3% |
| Trade receivables | 40 | €3,443 | €28,318 | +€24,875 | +722% |
| Other amounts receivable | 41 | €76,257 | €69,171 | -€7,086 | -9.3% |
| Cash at bank and in hand | 54/58 | €15,831 | €7,435 | -€8,396 | -53.0% |
| Total equity and liabilities | 10/49 | €95,532 | €104,924 | +€9,392 | +9.8% |
| Equity | 10/15 | €63,071 | €82,905 | +€19,833 | +31.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €61,071 | €80,905 | +€19,833 | +32.5% |
| Distributable reserves | 133 | €61,071 | €80,905 | +€19,833 | +32.5% |
| Amounts payable | 17/49 | €32,460 | €22,019 | -€10,441 | -32.2% |
| Amounts payable within one year | 42/48 | €32,460 | €22,019 | -€10,441 | -32.2% |
| Current portion of amounts payable after more than one year | 42 | €1,482 | - | -€1,482 | |
| Trade debts | 44 | €4,179 | €3,462 | -€717 | -17.1% |
| Suppliers | 440/4 | €4,179 | €3,462 | -€717 | -17.1% |
| Taxes, remuneration and social security | 45 | €21,800 | €18,557 | -€3,243 | -14.9% |
| Taxes | 450/3 | €17,800 | €12,557 | -€5,243 | -29.5% |
| Remuneration and social security | 454/9 | €4,000 | €6,000 | +€2,000 | +50.0% |
| Other amounts payable | 47/48 | €5,000 | - | -€5,000 | |
| Other operating charges | 640/8 | €1,196 | €813 | -€384 | -32.1% |
| Gross operating margin | 9900 | €34,367 | €23,911 | -€10,456 | -30.4% |
| Operating profit (loss) | 9901 | €33,171 | €23,099 | -€10,072 | -30.4% |
| Financial income | 75/76B | €3,356 | €4,407 | +€1,051 | +31.3% |
| Recurring financial income | 75 | €3,356 | €4,407 | +€1,051 | +31.3% |
| Financial charges | 65/66B | €1,964 | €1,830 | -€134 | -6.8% |
| Recurring financial charges | 65 | €1,964 | €1,830 | -€134 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €34,564 | €25,676 | -€8,888 | -25.7% |
| Income taxes | 67/77 | €7,416 | €5,843 | -€1,574 | -21.2% |
| Profit (loss) for the period | 9904 | €27,148 | €19,833 | -€7,314 | -26.9% |
| Profit (loss) for the period to be appropriated | 9905 | €27,148 | €19,833 | -€7,314 | -26.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.