JEDI: 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.
JEDI
Largest movements
- Tangible fixed assets +€222,457
up €222,457 (+428%), from €52,030 to €274,487
of which Land and buildings: +€231,727
- Receivables within one year +€35,912
up €35,912 (+64.1%), from €56,052 to €91,964
of which Trade receivables: +€37,153
- Cash -€20,690
down €20,690 (-18.6%), from €111,192 to €90,502
mainly Investment in fixed assets (net) (-€264,668) and Contributions, distributions and other (-€206,952)
- Current investments -€9,372
down €9,372 (-3.4%), from €273,764 to €264,392
- Debts after one year +€220,691
new in 2025: €220,691
- Contributions -€100,000
down €100,000 (-90.5%), from €110,500 to €10,500
- Reserves +€53,228
up €53,228 (+19.7%), from €269,672 to €322,900
- Tax, wage and social debts +€36,328
up €36,328, from €0 to €36,328
- Other debts -€30,903
down €30,903 (-86.1%), from €35,894 to €4,991
- Gross operating margin +€222,449
up €222,449 (+371%), from €60,038 to €282,487
- Taxes +€60,533
up €60,533 (+561%), from €10,796 to €71,328
- Depreciation +€14,973
up €14,973 (+55.0%), from €27,237 to €42,211
- Financial charges +€3,721
up €3,721 (+59.6%), from €6,241 to €9,961
- Financial income +€3,659
up €3,659 (+500%), from €732 to €4,392
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 | €496,618 | €725,062 | +€228,444 | +46.0% |
| Fixed assets | 21/28 | €52,072 | €274,529 | +€222,457 | +427% |
| Tangible fixed assets | 22/27 | €52,030 | €274,487 | +€222,457 | +428% |
| Land and buildings | 22 | €35,907 | €267,635 | +€231,727 | +645% |
| Plant, machinery and equipment | 23 | €413 | €248 | -€165 | -40.0% |
| Furniture and vehicles | 24 | €15,709 | €6,604 | -€9,105 | -58.0% |
| Financial fixed assets | 28 | €42 | €42 | = | 0.0% |
| Current assets | 29/58 | €444,546 | €450,533 | +€5,987 | +1.3% |
| Amounts receivable within one year | 40/41 | €56,052 | €91,964 | +€35,912 | +64.1% |
| Trade receivables | 40 | €36,457 | €73,610 | +€37,153 | +102% |
| Other amounts receivable | 41 | €19,595 | €18,354 | -€1,241 | -6.3% |
| Current investments | 50/53 | €273,764 | €264,392 | -€9,372 | -3.4% |
| Cash at bank and in hand | 54/58 | €111,192 | €90,502 | -€20,690 | -18.6% |
| Deferred charges and accrued income | 490/1 | €3,538 | €3,675 | +€137 | +3.9% |
| Total equity and liabilities | 10/49 | €496,618 | €725,062 | +€228,444 | +46.0% |
| Equity | 10/15 | €380,172 | €333,400 | -€46,772 | -12.3% |
| Contributions | 10/11 | €110,500 | €10,500 | -€100,000 | -90.5% |
| Reserves | 13 | €269,672 | €322,900 | +€53,228 | +19.7% |
| Distributable reserves | 133 | €269,672 | €322,900 | +€53,228 | +19.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €60,261 | €60,261 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €60,261 | €60,261 | = | 0.0% |
| Pensions and similar obligations | 160 | €60,261 | €60,261 | = | 0.0% |
| Amounts payable | 17/49 | €56,185 | €331,401 | +€275,216 | +490% |
| Amounts payable after more than one year | 17 | - | €220,691 | +€220,691 | |
| Financial debts | 170/4 | - | €220,691 | +€220,691 | |
| Amounts payable within one year | 42/48 | €53,032 | €107,971 | +€54,940 | +104% |
| Current portion of amounts payable after more than one year | 42 | - | €21,532 | +€21,532 | |
| Trade debts | 44 | €17,138 | €45,120 | +€27,982 | +163% |
| Suppliers | 440/4 | €17,138 | €45,120 | +€27,982 | +163% |
| Taxes, remuneration and social security | 45 | €0 | €36,328 | +€36,328 | |
| Taxes | 450/3 | €0 | €36,328 | +€36,328 | |
| Other amounts payable | 47/48 | €35,894 | €4,991 | -€30,903 | -86.1% |
| Accrued charges and deferred income | 492/3 | €3,153 | €2,738 | -€415 | -13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,237 | €42,211 | +€14,973 | +55.0% |
| Other operating charges | 640/8 | €5,731 | €3,023 | -€2,709 | -47.3% |
| Non-recurring operating charges | 66A | - | €176 | +€176 | |
| Gross operating margin | 9900 | €60,038 | €282,487 | +€222,449 | +371% |
| Operating profit (loss) | 9901 | €27,069 | €237,078 | +€210,009 | +776% |
| Financial income | 75/76B | €732 | €4,392 | +€3,659 | +500% |
| Recurring financial income | 75 | €732 | €4,392 | +€3,659 | +500% |
| Financial charges | 65/66B | €6,241 | €9,961 | +€3,721 | +59.6% |
| Recurring financial charges | 65 | €6,241 | €9,961 | +€3,721 | +59.6% |
| Profit (loss) for the period before taxes | 9903 | €21,561 | €231,508 | +€209,947 | +974% |
| Income taxes | 67/77 | €10,796 | €71,328 | +€60,533 | +561% |
| Profit (loss) for the period | 9904 | €10,765 | €160,180 | +€149,415 | +1,388% |
| Profit (loss) for the period to be appropriated | 9905 | €10,765 | €160,180 | +€149,415 | +1,388% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.