JEJ: 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.
JEJ
Largest movements
- Cash -€67,160
down €67,160 (-56.2%), from €119,500 to €52,341
mainly Contributions, distributions and other (-€173,000) and Investment in fixed assets (net) (-€62,803)
- Tangible fixed assets +€38,958
up €38,958 (+48.7%), from €79,968 to €118,926
of which Other tangible fixed assets: +€57,723
- Receivables within one year +€8,099
up €8,099 (+63.0%), from €12,857 to €20,956
of which Trade receivables: +€7,319
- Reserves -€110,077
down €110,077 (-63.6%), from €173,000 to €62,923
- Other debts +€107,061
up €107,061 (+13,712%), from €781 to €107,842
- Trade debts +€22,288
up €22,288 (+474%), from €4,707 to €26,995
- Tax, wage and social debts -€15,845
down €15,845 (-36.8%), from €43,060 to €27,215
of which Taxes: -€15,845
- Debts after one year -€14,010
down €14,010 (-79.4%), from €17,642 to €3,632
- Depreciation +€3,927
up €3,927 (+19.7%), from €19,918 to €23,845
- Gross operating margin -€2,654
down €2,654 (-2.4%), from €109,991 to €107,336
- Taxes -€1,441
down €1,441 (-7.7%), from €18,770 to €17,329
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 | €265,196 | €245,099 | -€20,097 | -7.6% |
| Fixed assets | 21/28 | €79,968 | €118,926 | +€38,958 | +48.7% |
| Tangible fixed assets | 22/27 | €79,968 | €118,926 | +€38,958 | +48.7% |
| Furniture and vehicles | 24 | €1,335 | €1,706 | +€371 | +27.8% |
| Leasing and similar rights | 25 | €62,222 | €43,086 | -€19,136 | -30.8% |
| Other tangible fixed assets | 26 | €16,411 | €74,134 | +€57,723 | +352% |
| Current assets | 29/58 | €185,228 | €126,173 | -€59,055 | -31.9% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,857 | €20,956 | +€8,099 | +63.0% |
| Trade receivables | 40 | €12,857 | €20,177 | +€7,319 | +56.9% |
| Other amounts receivable | 41 | €0 | €780 | +€780 | |
| Cash at bank and in hand | 54/58 | €119,500 | €52,341 | -€67,160 | -56.2% |
| Deferred charges and accrued income | 490/1 | €2,870 | €2,875 | +€5 | +0.2% |
| Total equity and liabilities | 10/49 | €265,196 | €245,099 | -€20,097 | -7.6% |
| Equity | 10/15 | €175,400 | €65,323 | -€110,077 | -62.8% |
| Contributions | 10/11 | €2,400 | €2,400 | = | 0.0% |
| Reserves | 13 | €173,000 | €62,923 | -€110,077 | -63.6% |
| Distributable reserves | 133 | €173,000 | €62,923 | -€110,077 | -63.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €89,796 | €179,776 | +€89,980 | +100% |
| Amounts payable after more than one year | 17 | €17,642 | €3,632 | -€14,010 | -79.4% |
| Financial debts | 170/4 | €17,642 | €3,632 | -€14,010 | -79.4% |
| Amounts payable within one year | 42/48 | €72,154 | €176,144 | +€103,990 | +144% |
| Current portion of amounts payable after more than one year | 42 | €23,596 | €14,010 | -€9,586 | -40.6% |
| Financial debts | 43 | €10 | €82 | +€73 | +765% |
| Credit institutions | 430/8 | €10 | €82 | +€73 | +765% |
| Trade debts | 44 | €4,707 | €26,995 | +€22,288 | +474% |
| Suppliers | 440/4 | €4,707 | €26,995 | +€22,288 | +474% |
| Taxes, remuneration and social security | 45 | €43,060 | €27,215 | -€15,845 | -36.8% |
| Taxes | 450/3 | €42,900 | €27,055 | -€15,845 | -36.9% |
| Remuneration and social security | 454/9 | €160 | €160 | = | 0.0% |
| Other amounts payable | 47/48 | €781 | €107,842 | +€107,061 | +13,712% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,918 | €23,845 | +€3,927 | +19.7% |
| Other operating charges | 640/8 | €2,325 | €2,542 | +€218 | +9.4% |
| Non-recurring operating charges | 66A | - | €453 | +€453 | |
| Gross operating margin | 9900 | €109,991 | €107,336 | -€2,654 | -2.4% |
| Operating profit (loss) | 9901 | €87,748 | €80,496 | -€7,252 | -8.3% |
| Financial income | 75/76B | €1,212 | €1,655 | +€442 | +36.5% |
| Recurring financial income | 75 | €1,212 | €1,655 | +€442 | +36.5% |
| Financial charges | 65/66B | €1,795 | €1,899 | +€103 | +5.8% |
| Recurring financial charges | 65 | €1,795 | €1,899 | +€103 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | €87,166 | €80,252 | -€6,913 | -7.9% |
| Income taxes | 67/77 | €18,770 | €17,329 | -€1,441 | -7.7% |
| Profit (loss) for the period | 9904 | €68,395 | €62,923 | -€5,472 | -8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €68,395 | €62,923 | -€5,472 | -8.0% |
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 13 October 2026 via checked.be.