Jeges: 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.
Jeges
Largest movements
- Financial fixed assets -€691,200
down €691,200 (-96.0%), from €720,000 to €28,800
- Current investments -€560,000
down €560,000 (-100%), from €560,000 to €0
- Receivables after one year +€500,000
new in 2025: €500,000
of which Trade receivables: +€250,000
- Cash +€325,172
up €325,172 (+568%), from €57,276 to €382,448
mainly Investment in fixed assets (net) (+€682,450) and Current investments (+€560,000)
- Receivables within one year -€135,716
down €135,716 (-46.7%), from €290,461 to €154,745
of which Trade receivables: -€93,661
- Reserves -€594,695
down €594,695 (-61.3%), from €970,084 to €375,388
- Financial charges +€691,128
up €691,128 (+122,280%), from €565 to €691,693
- Staff costs -€66,480
down €66,480 (-78.2%), from €84,977 to €18,497
- Depreciation -€36,203
down €36,203 (-52.1%), from €69,552 to €33,349
- Gross operating margin -€11,167
down €11,167 (-9.8%), from €114,173 to €103,006
- Financial income +€9,705
up €9,705 (+19.5%), from €49,719 to €59,423
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 | €1,748,694 | €1,162,351 | -€586,343 | -33.5% |
| Fixed assets | 21/28 | €840,957 | €125,158 | -€715,799 | -85.1% |
| Tangible fixed assets | 22/27 | €120,957 | €96,358 | -€24,599 | -20.3% |
| Land and buildings | 22 | €0 | - | = | |
| Furniture and vehicles | 24 | €117,494 | €85,648 | -€31,846 | -27.1% |
| Other tangible fixed assets | 26 | €3,463 | €10,710 | +€7,247 | +209% |
| Financial fixed assets | 28 | €720,000 | €28,800 | -€691,200 | -96.0% |
| Current assets | 29/58 | €907,737 | €1,037,193 | +€129,456 | +14.3% |
| Amounts receivable after more than one year | 29 | - | €500,000 | +€500,000 | |
| Trade receivables | 290 | - | €250,000 | +€250,000 | |
| Other amounts receivable | 291 | - | €250,000 | +€250,000 | |
| Amounts receivable within one year | 40/41 | €290,461 | €154,745 | -€135,716 | -46.7% |
| Trade receivables | 40 | €222,301 | €128,641 | -€93,661 | -42.1% |
| Other amounts receivable | 41 | €68,160 | €26,105 | -€42,055 | -61.7% |
| Current investments | 50/53 | €560,000 | €0 | -€560,000 | -100% |
| Cash at bank and in hand | 54/58 | €57,276 | €382,448 | +€325,172 | +568% |
| Total equity and liabilities | 10/49 | €1,748,694 | €1,162,351 | -€586,343 | -33.5% |
| Equity | 10/15 | €1,712,861 | €1,115,388 | -€597,473 | -34.9% |
| Contributions | 10/11 | €740,000 | €740,000 | = | 0.0% |
| Reserves | 13 | €970,084 | €375,388 | -€594,695 | -61.3% |
| Distributable reserves | 133 | €970,084 | €375,388 | -€594,695 | -61.3% |
| Investment grants | 15 | €2,778 | €0 | -€2,778 | -100% |
| Amounts payable | 17/49 | €35,833 | €46,963 | +€11,130 | +31.1% |
| Amounts payable within one year | 42/48 | €35,833 | €46,963 | +€11,130 | +31.1% |
| Trade debts | 44 | €55 | €4,258 | +€4,203 | +7,641% |
| Suppliers | 440/4 | €55 | €4,258 | +€4,203 | +7,641% |
| Taxes, remuneration and social security | 45 | €35,778 | €34,647 | -€1,131 | -3.2% |
| Taxes | 450/3 | €27,457 | €28,947 | +€1,490 | +5.4% |
| Remuneration and social security | 454/9 | €8,320 | €5,700 | -€2,620 | -31.5% |
| Other amounts payable | 47/48 | €0 | €8,059 | +€8,059 | |
| Remuneration, social security and pensions | 62 | €84,977 | €18,497 | -€66,480 | -78.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,552 | €33,349 | -€36,203 | -52.1% |
| Other operating charges | 640/8 | €4,546 | €5,071 | +€525 | +11.5% |
| Gross operating margin | 9900 | €114,173 | €103,006 | -€11,167 | -9.8% |
| Operating profit (loss) | 9901 | -€44,902 | €46,088 | +€90,991 | |
| Financial income | 75/76B | €49,719 | €59,423 | +€9,705 | +19.5% |
| Recurring financial income | 75 | €49,719 | €59,423 | +€9,705 | +19.5% |
| Financial charges | 65/66B | €565 | €691,693 | +€691,128 | +122,280% |
| Recurring financial charges | 65 | €565 | €691,693 | +€691,128 | +122,280% |
| Profit (loss) for the period before taxes | 9903 | €4,251 | -€586,181 | -€590,432 | |
| Income taxes | 67/77 | €1,400 | €8,514 | +€7,114 | +508% |
| Profit (loss) for the period | 9904 | €2,851 | -€594,695 | -€597,546 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,851 | -€594,695 | -€597,546 |
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 19 October 2026 via checked.be.