JECES: 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.
JECES
Largest movements
- Cash +€19,821
up €19,821 (+40.7%), from €48,733 to €68,554
mainly Net result for the year (+€15,292) and Depreciation (+€7,116)
- Tangible fixed assets -€7,116
down €7,116 (-5.0%), from €142,398 to €135,281
- Profit (loss) carried forward +€15,292
up €15,292 (+30.8%), from €49,680 to €64,971
- Other debts -€2,499
down €2,499 (-39.9%), from €6,264 to €3,765
- Gross operating margin +€10,163
up €10,163 (+50.8%), from €20,001 to €30,164
- Taxes +€3,060
up €3,060 (+140%), from €2,187 to €5,247
- Financial charges -€2,460
down €2,460 (-90.6%), from €2,714 to €254
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 | €191,130 | €203,943 | +€12,812 | +6.7% |
| Fixed assets | 21/28 | €142,398 | €135,281 | -€7,116 | -5.0% |
| Tangible fixed assets | 22/27 | €142,398 | €135,281 | -€7,116 | -5.0% |
| Land and buildings | 22 | €142,398 | €135,281 | -€7,116 | -5.0% |
| Current assets | 29/58 | €48,733 | €68,661 | +€19,929 | +40.9% |
| Amounts receivable within one year | 40/41 | - | €107 | +€107 | |
| Other amounts receivable | 41 | - | €107 | +€107 | |
| Cash at bank and in hand | 54/58 | €48,733 | €68,554 | +€19,821 | +40.7% |
| Total equity and liabilities | 10/49 | €191,130 | €203,943 | +€12,812 | +6.7% |
| Equity | 10/15 | €177,880 | €193,171 | +€15,292 | +8.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €66,200 | €66,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,680 | €64,971 | +€15,292 | +30.8% |
| Amounts payable | 17/49 | €13,251 | €10,771 | -€2,479 | -18.7% |
| Amounts payable after more than one year | 17 | €1,492 | €1,492 | = | 0.0% |
| Other amounts payable | 178/9 | €1,492 | €1,492 | = | 0.0% |
| Amounts payable within one year | 42/48 | €11,759 | €9,280 | -€2,479 | -21.1% |
| Trade debts | 44 | €3,043 | €3,503 | +€460 | +15.1% |
| Suppliers | 440/4 | €3,043 | €3,503 | +€460 | +15.1% |
| Taxes, remuneration and social security | 45 | €2,451 | €2,011 | -€440 | -18.0% |
| Taxes | 450/3 | €2,451 | €2,011 | -€440 | -18.0% |
| Other amounts payable | 47/48 | €6,264 | €3,765 | -€2,499 | -39.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,116 | €7,116 | = | 0.0% |
| Other operating charges | 640/8 | €1,978 | €2,257 | +€278 | +14.1% |
| Gross operating margin | 9900 | €20,001 | €30,164 | +€10,163 | +50.8% |
| Operating profit (loss) | 9901 | €10,907 | €20,791 | +€9,884 | +90.6% |
| Financial income | 75/76B | €1 | €1 | +€0 | +21.2% |
| Recurring financial income | 75 | €1 | €1 | +€0 | +21.2% |
| Financial charges | 65/66B | €2,714 | €254 | -€2,460 | -90.6% |
| Recurring financial charges | 65 | €2,714 | €254 | -€2,460 | -90.6% |
| Profit (loss) for the period before taxes | 9903 | €8,193 | €20,538 | +€12,345 | +151% |
| Income taxes | 67/77 | €2,187 | €5,247 | +€3,060 | +140% |
| Profit (loss) for the period | 9904 | €6,007 | €15,292 | +€9,285 | +155% |
| Profit (loss) for the period to be appropriated | 9905 | €6,007 | €15,292 | +€9,285 | +155% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.