JECOREST: 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.
JECOREST
Largest movements
- Receivables within one year +€255,216
up €255,216 (+119.6%), from €213,386 to €468,602
of which Other amounts receivable: +€242,695
- Tangible fixed assets -€112,198
down €112,198 (-16.3%), from €690,321 to €578,123
- Cash +€70,977
up €70,977 (+38.1%), from €186,112 to €257,089
mainly Trade debts (+€292,449) and Depreciation (+€163,767)
- Trade debts +€292,449
up €292,449 (+92.3%), from €316,924 to €609,373
- Debts after one year -€111,421
down €111,421 (-46.6%), from €238,868 to €127,447
- Reserves +€25,312
up €25,312 (+12.9%), from €195,888 to €221,200
- Staff costs +€81,733
up €81,733 (+10.5%), from €777,680 to €859,413
- Gross operating margin +€62,970
up €62,970 (+6.1%), from €1.0m to €1.1m
- Depreciation -€27,299
down €27,299 (-14.3%), from €191,066 to €163,767
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,134,882 | €1,347,909 | +€213,027 | +18.8% |
| Fixed assets | 21/28 | €690,916 | €578,718 | -€112,198 | -16.2% |
| Tangible fixed assets | 22/27 | €690,321 | €578,123 | -€112,198 | -16.3% |
| Plant, machinery and equipment | 23 | €690,321 | €578,123 | -€112,198 | -16.3% |
| Financial fixed assets | 28 | €595 | €595 | = | 0.0% |
| Current assets | 29/58 | €443,966 | €769,191 | +€325,224 | +73.3% |
| Stocks and contracts in progress | 3 | €26,456 | €19,810 | -€6,647 | -25.1% |
| Stocks | 30/36 | €26,456 | €19,810 | -€6,647 | -25.1% |
| Amounts receivable within one year | 40/41 | €213,386 | €468,602 | +€255,216 | +119.6% |
| Trade receivables | 40 | €8,771 | €21,292 | +€12,521 | +142.8% |
| Other amounts receivable | 41 | €204,616 | €447,310 | +€242,695 | +118.6% |
| Current investments | 50/53 | €195 | €196 | +€1 | +0.5% |
| Cash at bank and in hand | 54/58 | €186,112 | €257,089 | +€70,977 | +38.1% |
| Deferred charges and accrued income | 490/1 | €17,817 | €23,494 | +€5,677 | +31.9% |
| Total equity and liabilities | 10/49 | €1,134,882 | €1,347,909 | +€213,027 | +18.8% |
| Equity | 10/15 | €364,533 | €389,845 | +€25,312 | +6.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €150,045 | €150,045 | = | 0.0% |
| Reserves | 13 | €195,888 | €221,200 | +€25,312 | +12.9% |
| Distributable reserves | 133 | €195,888 | €221,200 | +€25,312 | +12.9% |
| Amounts payable | 17/49 | €770,349 | €958,064 | +€187,715 | +24.4% |
| Amounts payable after more than one year | 17 | €238,868 | €127,447 | -€111,421 | -46.6% |
| Financial debts | 170/4 | €238,868 | €127,447 | -€111,421 | -46.6% |
| Amounts payable within one year | 42/48 | €530,385 | €827,948 | +€297,563 | +56.1% |
| Current portion of amounts payable after more than one year | 42 | €124,825 | €120,968 | -€3,857 | -3.1% |
| Trade debts | 44 | €316,924 | €609,373 | +€292,449 | +92.3% |
| Suppliers | 440/4 | €316,924 | €609,373 | +€292,449 | +92.3% |
| Taxes, remuneration and social security | 45 | €88,118 | €96,455 | +€8,337 | +9.5% |
| Remuneration and social security | 454/9 | €88,118 | €96,455 | +€8,337 | +9.5% |
| Other amounts payable | 47/48 | €518 | €1,153 | +€635 | +122.6% |
| Accrued charges and deferred income | 492/3 | €1,096 | €2,668 | +€1,573 | +143.5% |
| Remuneration, social security and pensions | 62 | €777,680 | €859,413 | +€81,733 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €191,066 | €163,767 | -€27,299 | -14.3% |
| Other operating charges | 640/8 | €10,971 | €11,293 | +€322 | +2.9% |
| Gross operating margin | 9900 | €1,037,955 | €1,100,925 | +€62,970 | +6.1% |
| Operating profit (loss) | 9901 | €58,237 | €66,451 | +€8,214 | +14.1% |
| Financial income | 75/76B | €2,507 | €1,012 | -€1,495 | -59.6% |
| Recurring financial income | 75 | €2,507 | €1,012 | -€1,495 | -59.6% |
| Financial charges | 65/66B | €31,293 | €30,160 | -€1,133 | -3.6% |
| Recurring financial charges | 65 | €31,293 | €30,160 | -€1,133 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €29,451 | €37,303 | +€7,852 | +26.7% |
| Income taxes | 67/77 | €10,208 | €11,991 | +€1,783 | +17.5% |
| Profit (loss) for the period | 9904 | €19,244 | €25,312 | +€6,068 | +31.5% |
| Profit (loss) for the period to be appropriated | 9905 | €19,244 | €25,312 | +€6,068 | +31.5% |
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 30 September 2026 via checked.be.