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JECO.be: 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.

What changed

JECO.be

BE 0597.800.409
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€492,985
2024 · €132,052+€360,933
Equity
€491,071
2024 · €904,974-€413,903
Cash
€91
2024 · €86,866-€86,774
Balance sheet total
€496,351
2024 · €1.4m-€865,515

Largest movements

2024 to 2025
Assets
  • Financial fixed assets -€778,741

    down €778,741 (-61.1%), from €1.3m to €496,259

  • Cash -€86,774

    down €86,774 (-99.9%), from €86,866 to €91

    mainly Contributions, distributions and other (-€906,888) and Other debts (-€360,203)

Equity and liabilities
  • Profit (loss) carried forward -€426,303

    down €426,303 (-47.5%), from €896,914 to €470,611

  • Other debts -€360,203

    down €360,203 (-99.9%), from €360,403 to €200

  • Debts after one year -€53,822

    no longer reported in 2025 (was €53,822)

  • Short-term financial debts -€23,923

    no longer reported in 2025 (was €23,923)

  • Current portion of long-term debt -€17,780

    no longer reported in 2025 (was €17,780)

Income statement
  • Financial income +€485,546

    new in 2025: €485,546

  • Gross operating margin -€156,597

    down €156,597 (-88.9%), from €176,054 to €19,457

  • Taxes -€28,405

    down €28,405 (-75.1%), from €37,809 to €9,403

  • Financial charges -€3,368

    down €3,368 (-68.1%), from €4,944 to €1,576

From the 2024 result to the 2025 result

effect on the 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 €132,052
Gross operating margin -€156,597
Other operating charges +€211
Financial income +€485,546
Financial charges +€3,368
Taxes +€28,405
Result 2025 €492,985
raises the resultlowers the result

Derived cash bridge

cash 2024 to 2025

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 +€136,898
Investment +€778,741
Financing -€1.0m
Cash 2024 €86,866
Net result for the year +€492,985
Tax, wage and social debts +€5,080
Other debts -€360,203
Accrued charges and deferred income -€965
Investment in fixed assets (net) +€778,741
Debts after one year -€53,822
Current portion of long-term debt -€17,780
Short-term financial debts -€23,923
Contributions, distributions and other -€906,888
Cash 2025 €91
brings cash intakes cash out
Every line side by side 38 lines
Line Code 2024 2025 Change %
Total assets 20/58 €1,361,866 €496,351 -€865,515 -63.6%
Fixed assets 21/28 €1,275,000 €496,259 -€778,741 -61.1%
Financial fixed assets 28 €1,275,000 €496,259 -€778,741 -61.1%
Current assets 29/58 €86,866 €91 -€86,774 -99.9%
Cash at bank and in hand 54/58 €86,866 €91 -€86,774 -99.9%
Total equity and liabilities 10/49 €1,361,866 €496,351 -€865,515 -63.6%
Equity 10/15 €904,974 €491,071 -€413,903 -45.7%
Contributions 10/11 €6,200 €18,600 +€12,400 +200%
Capital 10 - €18,600 +€18,600
Issued capital 100 - €18,600 +€18,600
Contributions outside capital 11 €6,200 - -€6,200
Other 1109/19 €6,200 - -€6,200
Reserves 13 €1,860 €1,860 = 0.0%
Non-distributable reserves 130/1 €1,860 €1,860 = 0.0%
Reserves not available under the articles 1311 €1,860 €1,860 = 0.0%
Profit (loss) carried forward 14 €896,914 €470,611 -€426,303 -47.5%
Amounts payable 17/49 €456,892 €5,280 -€451,612 -98.8%
Amounts payable after more than one year 17 €53,822 - -€53,822
Financial debts 170/4 €53,822 - -€53,822
Amounts payable within one year 42/48 €402,105 €5,280 -€396,826 -98.7%
Current portion of amounts payable after more than one year 42 €17,780 - -€17,780
Financial debts 43 €23,923 - -€23,923
Other loans 439 €23,923 - -€23,923
Taxes, remuneration and social security 45 - €5,080 +€5,080
Taxes 450/3 - €5,080 +€5,080
Other amounts payable 47/48 €360,403 €200 -€360,203 -99.9%
Accrued charges and deferred income 492/3 €965 - -€965
Other operating charges 640/8 €1,250 €1,039 -€211 -16.8%
Gross operating margin 9900 €176,054 €19,457 -€156,597 -88.9%
Operating profit (loss) 9901 €174,805 €18,418 -€156,386 -89.5%
Financial income 75/76B - €485,546 +€485,546
Recurring financial income 75 - €485,546 +€485,546
Financial charges 65/66B €4,944 €1,576 -€3,368 -68.1%
Recurring financial charges 65 €4,944 €1,576 -€3,368 -68.1%
Profit (loss) for the period before taxes 9903 €169,860 €502,388 +€332,528 +196%
Income taxes 67/77 €37,809 €9,403 -€28,405 -75.1%
Profit (loss) for the period 9904 €132,052 €492,985 +€360,933 +273%
Profit (loss) for the period to be appropriated 9905 €132,052 €492,985 +€360,933 +273%

Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.