JECA: 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.
What changed
JECA
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€40,741
2024 · €9,609+€31,132
Equity
€1.2m
2024 · €1.2m-€2,809
Cash
€191,244
2024 · €195,524-€4,280
Balance sheet total
€1.5m
2024 · €1.5m+€5,746
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Advances received +€60,000
up €60,000 (+120.0%), from €50,000 to €110,000
- Other debts -€54,812
down €54,812 (-100.0%), from €54,812 to €0
- Debts after one year -€25,235
down €25,235 (-12.9%), from €195,779 to €170,543
of which Financial debts: -€30,785
Income statement
- Gross operating margin +€24,315
up €24,315 (+23.9%), from €101,930 to €126,246
- Write-downs -€19,686
down €19,686 (-100.0%), from €19,686 to €0
- Taxes +€13,937
up €13,937 (+202.9%), from €6,870 to €20,807
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.
Result 2024
€9,609
Gross operating margin
+€24,315
Depreciation
-€41
Write-downs
+€19,686
Other operating charges
-€509
Financial income
+€598
Financial charges
+€1,021
Taxes
-€13,937
Result 2025
€40,741
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.
From operations
+€99,897
Investment
-€47,465
Financing
-€56,712
Cash 2024
€195,524
From operations (derived)
+€99,897
Net result for the year
+€40,741
Depreciation
+€48,799
Receivables within one year
-€11,080
Deferred charges and accrued income
-€281
Trade debts
+€12,205
Tax, wage and social debts
+€3,113
Advances received
+€60,000
Other debts
-€54,812
Accrued charges and deferred income
+€1,211
Investment (derived)
-€47,465
Investment in fixed assets (net)
-€47,465
Financing
-€56,712
Debts after one year
-€25,235
Current portion of long-term debt
+€298
Short-term financial debts
+€11,775
Contributions, distributions and other
-€43,550
Cash 2025
€191,244
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,511,727 | €1,517,473 | +€5,746 | +0.4% |
| Fixed assets | 21/28 | €1,245,097 | €1,243,763 | -€1,334 | -0.1% |
| Tangible fixed assets | 22/27 | €1,245,097 | €1,243,763 | -€1,334 | -0.1% |
| Land and buildings | 22 | €1,243,646 | €1,243,763 | +€117 | 0.0% |
| Furniture and vehicles | 24 | €1,451 | €0 | -€1,451 | -100.0% |
| Current assets | 29/58 | €266,630 | €273,711 | +€7,080 | +2.7% |
| Amounts receivable within one year | 40/41 | €68,579 | €79,659 | +€11,080 | +16.2% |
| Trade receivables | 40 | €0 | €31,690 | +€31,690 | |
| Other amounts receivable | 41 | €68,579 | €47,968 | -€20,611 | -30.1% |
| Cash at bank and in hand | 54/58 | €195,524 | €191,244 | -€4,280 | -2.2% |
| Deferred charges and accrued income | 490/1 | €2,528 | €2,808 | +€281 | +11.1% |
| Total equity and liabilities | 10/49 | €1,511,727 | €1,517,473 | +€5,746 | +0.4% |
| Equity | 10/15 | €1,167,917 | €1,165,108 | -€2,809 | -0.2% |
| Contributions | 10/11 | €216,000 | €216,000 | = | 0.0% |
| Capital | 10 | €216,000 | €216,000 | = | 0.0% |
| Issued capital | 100 | €216,000 | €216,000 | = | 0.0% |
| Reserves | 13 | €951,917 | €949,108 | -€2,809 | -0.3% |
| Non-distributable reserves | 130/1 | €21,600 | €21,600 | = | 0.0% |
| Legal reserve | 130 | €21,600 | €21,600 | = | 0.0% |
| Distributable reserves | 133 | €930,317 | €927,508 | -€2,809 | -0.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €343,810 | €352,366 | +€8,555 | +2.5% |
| Amounts payable after more than one year | 17 | €195,779 | €170,543 | -€25,235 | -12.9% |
| Financial debts | 170/4 | €183,880 | €153,094 | -€30,785 | -16.7% |
| Other amounts payable | 178/9 | €11,899 | €17,449 | +€5,550 | +46.6% |
| Amounts payable within one year | 42/48 | €141,879 | €174,459 | +€32,580 | +23.0% |
| Current portion of amounts payable after more than one year | 42 | €30,487 | €30,785 | +€298 | +1.0% |
| Financial debts | 43 | - | €11,775 | +€11,775 | |
| Credit institutions | 430/8 | - | €11,775 | +€11,775 | |
| Trade debts | 44 | €5,619 | €17,824 | +€12,205 | +217.2% |
| Suppliers | 440/4 | €5,619 | €17,824 | +€12,205 | +217.2% |
| Advances received on contracts in progress | 46 | €50,000 | €110,000 | +€60,000 | +120.0% |
| Taxes, remuneration and social security | 45 | €961 | €4,074 | +€3,113 | +324.0% |
| Taxes | 450/3 | €961 | €4,074 | +€3,113 | +324.0% |
| Other amounts payable | 47/48 | €54,812 | €0 | -€54,812 | -100.0% |
| Accrued charges and deferred income | 492/3 | €6,153 | €7,364 | +€1,211 | +19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,758 | €48,799 | +€41 | +0.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €19,686 | €0 | -€19,686 | -100.0% |
| Other operating charges | 640/8 | €14,669 | €15,178 | +€509 | +3.5% |
| Gross operating margin | 9900 | €101,930 | €126,246 | +€24,315 | +23.9% |
| Operating profit (loss) | 9901 | €18,817 | €62,268 | +€43,451 | +230.9% |
| Financial income | 75/76B | €1,476 | €2,074 | +€598 | +40.5% |
| Recurring financial income | 75 | €1,476 | €2,074 | +€598 | +40.5% |
| Financial charges | 65/66B | €3,815 | €2,794 | -€1,021 | -26.8% |
| Recurring financial charges | 65 | €3,815 | €2,794 | -€1,021 | -26.8% |
| Profit (loss) for the period before taxes | 9903 | €16,479 | €61,548 | +€45,069 | +273.5% |
| Income taxes | 67/77 | €6,870 | €20,807 | +€13,937 | +202.9% |
| Profit (loss) for the period | 9904 | €9,609 | €40,741 | +€31,132 | +324.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,609 | €40,741 | +€31,132 | +324.0% |
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 28 September 2026 via checked.be.