JEJA: 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
JEJA
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€425,343
2024 · €210,374+€214,969
Equity
€5.1m
2024 · €4.7m+€425,343
Cash
€714,575
2024 · €186,869+€527,706
Balance sheet total
€6.3m
2024 · €6.0m+€337,200
Largest movements
Assets
- Cash +€527,706
up €527,706 (+282%), from €186,869 to €714,575
mainly Net result for the year (+€425,343) and Depreciation (+€222,482)
- Tangible fixed assets -€201,824
down €201,824 (-6.5%), from €3.1m to €2.9m
of which Land and buildings: -€191,511
Equity and liabilities
- Reserves +€425,343
up €425,343 (+9.7%), from €4.4m to €4.8m
of which Distributable reserves: +€456,406
- Debts after one year -€75,789
down €75,789 (-6.9%), from €1.1m to €1.0m
Income statement
- Gross operating margin +€309,547
up €309,547 (+41.0%), from €754,103 to €1.1m
- Taxes +€69,876
up €69,876 (+82.7%), from €84,538 to €154,414
- Staff costs +€20,392
up €20,392 (+10.2%), from €199,148 to €219,540
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.
Result 2024
€210,374
Gross operating margin
+€309,547
Staff costs
-€20,392
Depreciation
-€1,665
Other operating charges
-€4,442
Financial income
+€461
Financial charges
+€1,336
Taxes
-€69,876
Result 2025
€425,343
raises the resultlowers the result
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.
From operations
+€622,753
Investment
-€20,658
Financing
-€74,389
Cash 2024
€186,869
From operations (derived)
+€622,753
Net result for the year
+€425,343
Depreciation
+€222,482
Receivables within one year
-€11,575
Smaller working-capital items
-€130
Provisions
-€10,354
Trade debts
-€1,303
Other debts
-€1,710
Investment (derived)
-€20,658
Investment in fixed assets (net)
-€20,658
Financing
-€74,389
Debts after one year
-€75,789
Current portion of long-term debt
+€1,400
Cash 2025
€714,575
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,972,714 | €6,309,913 | +€337,200 | +5.6% |
| Fixed assets | 21/28 | €5,195,102 | €4,993,278 | -€201,824 | -3.9% |
| Tangible fixed assets | 22/27 | €3,086,007 | €2,884,183 | -€201,824 | -6.5% |
| Land and buildings | 22 | €3,050,119 | €2,858,608 | -€191,511 | -6.3% |
| Furniture and vehicles | 24 | €35,889 | €25,575 | -€10,314 | -28.7% |
| Financial fixed assets | 28 | €2,109,095 | €2,109,095 | = | 0.0% |
| Current assets | 29/58 | €777,612 | €1,316,636 | +€539,024 | +69.3% |
| Amounts receivable within one year | 40/41 | €588,970 | €600,546 | +€11,575 | +2.0% |
| Trade receivables | 40 | €524,170 | €588,646 | +€64,475 | +12.3% |
| Other amounts receivable | 41 | €64,800 | €11,900 | -€52,900 | -81.6% |
| Cash at bank and in hand | 54/58 | €186,869 | €714,575 | +€527,706 | +282% |
| Deferred charges and accrued income | 490/1 | €1,772 | €1,515 | -€257 | -14.5% |
| Total equity and liabilities | 10/49 | €5,972,714 | €6,309,913 | +€337,200 | +5.6% |
| Equity | 10/15 | €4,656,912 | €5,082,255 | +€425,343 | +9.1% |
| Contributions | 10/11 | €288,796 | €288,796 | = | 0.0% |
| Capital | 10 | €288,796 | €288,796 | = | 0.0% |
| Issued capital | 100 | €288,796 | €288,796 | = | 0.0% |
| Reserves | 13 | €4,368,116 | €4,793,459 | +€425,343 | +9.7% |
| Non-distributable reserves | 130/1 | €28,880 | €28,880 | = | 0.0% |
| Legal reserve | 130 | €28,880 | €28,880 | = | 0.0% |
| Tax-exempt reserves | 132 | €75,539 | €44,476 | -€31,063 | -41.1% |
| Distributable reserves | 133 | €4,263,697 | €4,720,104 | +€456,406 | +10.7% |
| Provisions and deferred taxes | 16 | €18,166 | €7,812 | -€10,354 | -57.0% |
| Deferred taxes | 168 | €18,166 | €7,812 | -€10,354 | -57.0% |
| Amounts payable | 17/49 | €1,297,636 | €1,219,846 | -€77,789 | -6.0% |
| Amounts payable after more than one year | 17 | €1,096,571 | €1,020,782 | -€75,789 | -6.9% |
| Financial debts | 170/4 | €1,096,571 | €1,020,782 | -€75,789 | -6.9% |
| Amounts payable within one year | 42/48 | €201,064 | €199,064 | -€2,000 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €74,389 | €75,789 | +€1,400 | +1.9% |
| Trade debts | 44 | €31,118 | €29,814 | -€1,303 | -4.2% |
| Suppliers | 440/4 | €31,118 | €29,814 | -€1,303 | -4.2% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €83,792 | €83,405 | -€387 | -0.5% |
| Taxes | 450/3 | €63,681 | €62,504 | -€1,177 | -1.8% |
| Remuneration and social security | 454/9 | €20,110 | €20,901 | +€791 | +3.9% |
| Other amounts payable | 47/48 | €11,765 | €10,056 | -€1,710 | -14.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €199,148 | €219,540 | +€20,392 | +10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €220,818 | €222,482 | +€1,665 | +0.8% |
| Other operating charges | 640/8 | €26,722 | €31,164 | +€4,442 | +16.6% |
| Gross operating margin | 9900 | €754,103 | €1,063,650 | +€309,547 | +41.0% |
| Operating profit (loss) | 9901 | €307,415 | €590,464 | +€283,048 | +92.1% |
| Financial income | 75/76B | €12 | €473 | +€461 | +3,827% |
| Recurring financial income | 75 | €12 | €473 | +€461 | +3,827% |
| Financial charges | 65/66B | €22,870 | €21,534 | -€1,336 | -5.8% |
| Recurring financial charges | 65 | €22,870 | €21,534 | -€1,336 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €284,558 | €569,403 | +€284,845 | +100% |
| Transfer from deferred taxes | 780 | €10,354 | €10,354 | = | 0.0% |
| Income taxes | 67/77 | €84,538 | €154,414 | +€69,876 | +82.7% |
| Profit (loss) for the period | 9904 | €210,374 | €425,343 | +€214,969 | +102% |
| Transfer from tax-exempt reserves | 789 | €31,063 | €31,063 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €241,437 | €456,406 | +€214,969 | +89.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.