Jeco Assembly: 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.
Jeco Assembly
Largest movements
- Stocks and contracts -€1.5m
down €1.5m (-100.0%), from €1.5m to €0
- Receivables within one year -€1.4m
down €1.4m (-91.6%), from €1.5m to €123,497
of which Trade receivables: -€909,901
- Cash -€39,104
down €39,104 (-78.0%), from €50,102 to €10,998
mainly Trade debts (-€2.9m) and Smaller working-capital items (-€1,821)
- Trade debts -€2.9m
down €2.9m (-97.9%), from €3.0m to €61,441
- Gross operating margin +€5,733
up €5,733 (+16.3%), from €35,129 to €40,863
- Taxes +€5,287
up €5,287 (+96.0%), from €5,510 to €10,797
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.
Cash bridge derived
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 | €3,031,904 | €134,507 | -€2.9m | -95.6% |
| Current assets | 29/58 | €3,031,904 | €134,507 | -€2.9m | -95.6% |
| Stocks and contracts in progress | 3 | €1,506,211 | €0 | -€1.5m | -100.0% |
| Contracts in progress | 37 | €1,506,211 | €0 | -€1.5m | -100.0% |
| Amounts receivable within one year | 40/41 | €1,475,526 | €123,497 | -€1.4m | -91.6% |
| Trade receivables | 40 | €968,000 | €58,099 | -€909,901 | -94.0% |
| Other amounts receivable | 41 | €507,526 | €65,398 | -€442,127 | -87.1% |
| Cash at bank and in hand | 54/58 | €50,102 | €10,998 | -€39,104 | -78.0% |
| Deferred charges and accrued income | 490/1 | €65 | €11 | -€53 | -82.2% |
| Total equity and liabilities | 10/49 | €3,031,904 | €134,507 | -€2.9m | -95.6% |
| Equity | 10/15 | €27,911 | €56,736 | +€28,825 | +103.3% |
| Contributions | 10/11 | €13,826 | €13,826 | = | 0.0% |
| Reserves | 13 | €2,074 | €2,074 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,074 | €2,074 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,011 | €40,837 | +€28,825 | +240.0% |
| Amounts payable | 17/49 | €3,003,993 | €77,771 | -€2.9m | -97.4% |
| Amounts payable within one year | 42/48 | €3,003,942 | €77,748 | -€2.9m | -97.4% |
| Trade debts | 44 | €2,996,587 | €61,441 | -€2.9m | -97.9% |
| Suppliers | 440/4 | €2,996,587 | €61,441 | -€2.9m | -97.9% |
| Taxes, remuneration and social security | 45 | €5,510 | €16,307 | +€10,797 | +196.0% |
| Taxes | 450/3 | €5,510 | €16,307 | +€10,797 | +196.0% |
| Other amounts payable | 47/48 | €1,846 | €0 | -€1,846 | -100.0% |
| Accrued charges and deferred income | 492/3 | €50 | €22 | -€28 | -55.9% |
| Other operating charges | 640/8 | €706 | €753 | +€47 | +6.6% |
| Non-recurring operating charges | 66A | - | €15 | +€15 | |
| Gross operating margin | 9900 | €35,129 | €40,863 | +€5,733 | +16.3% |
| Operating profit (loss) | 9901 | €34,423 | €40,095 | +€5,672 | +16.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €488 | €473 | -€15 | -3.2% |
| Recurring financial charges | 65 | €488 | €473 | -€15 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €33,935 | €39,623 | +€5,687 | +16.8% |
| Income taxes | 67/77 | €5,510 | €10,797 | +€5,287 | +96.0% |
| Profit (loss) for the period | 9904 | €28,425 | €28,825 | +€400 | +1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €28,425 | €28,825 | +€400 | +1.4% |
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 11 October 2026 via checked.be.