JeKa: 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.
JeKa
Largest movements
- Tangible fixed assets +€102,652
up €102,652 (+5.4%), from €1.9m to €2.0m
of which Plant, machinery and equipment: +€156,624
- Cash -€91,458
down €91,458 (-72.1%), from €126,774 to €35,316
mainly Investment in fixed assets (net) (-€244,481) and Advances received (-€19,305)
- Intangible fixed assets -€32,216
down €32,216 (-32.6%), from €98,855 to €66,638
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€257,808
down €257,808 (-39.0%), from €661,560 to €403,751
- Depreciation -€112,274
down €112,274 (-39.2%), from €286,318 to €174,044
- Staff costs -€107,326
down €107,326 (-44.1%), from €243,587 to €136,260
- Financial charges -€18,680
down €18,680 (-57.9%), from €32,277 to €13,598
- Other operating charges -€15,681
down €15,681 (-45.1%), from €34,807 to €19,125
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 | €2,113,966 | €2,098,333 | -€15,633 | -0.7% |
| Fixed assets | 21/28 | €1,986,184 | €2,056,620 | +€70,436 | +3.5% |
| Intangible fixed assets | 21 | €98,855 | €66,638 | -€32,216 | -32.6% |
| Tangible fixed assets | 22/27 | €1,887,329 | €1,989,982 | +€102,652 | +5.4% |
| Land and buildings | 22 | €1,579,335 | €1,516,585 | -€62,750 | -4.0% |
| Plant, machinery and equipment | 23 | €289,248 | €445,872 | +€156,624 | +54.1% |
| Furniture and vehicles | 24 | €18,747 | €27,525 | +€8,778 | +46.8% |
| Current assets | 29/58 | €127,782 | €41,713 | -€86,069 | -67.4% |
| Amounts receivable within one year | 40/41 | €1,009 | €1,804 | +€795 | +78.9% |
| Other amounts receivable | 41 | €1,009 | €1,804 | +€795 | +78.9% |
| Cash at bank and in hand | 54/58 | €126,774 | €35,316 | -€91,458 | -72.1% |
| Deferred charges and accrued income | 490/1 | - | €4,593 | +€4,593 | |
| Total equity and liabilities | 10/49 | €2,113,966 | €2,098,333 | -€15,633 | -0.7% |
| Equity | 10/15 | -€130,340 | -€115,311 | +€15,029 | +11.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€150,340 | -€135,311 | +€15,029 | +10.0% |
| Amounts payable | 17/49 | €2,244,306 | €2,213,644 | -€30,662 | -1.4% |
| Amounts payable after more than one year | 17 | €2,039,894 | €2,034,919 | -€4,975 | -0.2% |
| Financial debts | 170/4 | €2,014,092 | €1,874,278 | -€139,814 | -6.9% |
| Other amounts payable | 178/9 | €25,802 | €160,641 | +€134,839 | +522.6% |
| Amounts payable within one year | 42/48 | €204,412 | €178,725 | -€25,686 | -12.6% |
| Current portion of amounts payable after more than one year | 42 | €135,966 | €139,814 | +€3,848 | +2.8% |
| Trade debts | 44 | €23,128 | €15,300 | -€7,828 | -33.8% |
| Suppliers | 440/4 | €23,128 | €15,300 | -€7,828 | -33.8% |
| Advances received on contracts in progress | 46 | €30,000 | €10,695 | -€19,305 | -64.4% |
| Taxes, remuneration and social security | 45 | €15,318 | €12,917 | -€2,401 | -15.7% |
| Taxes | 450/3 | €828 | €156 | -€671 | -81.1% |
| Remuneration and social security | 454/9 | €14,490 | €12,761 | -€1,730 | -11.9% |
| Remuneration, social security and pensions | 62 | €243,587 | €136,260 | -€107,326 | -44.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €286,318 | €174,044 | -€112,274 | -39.2% |
| Other operating charges | 640/8 | €34,807 | €19,125 | -€15,681 | -45.1% |
| Non-recurring operating charges | 66A | €215,276 | €45,645 | -€169,631 | -78.8% |
| Gross operating margin | 9900 | €661,560 | €403,751 | -€257,808 | -39.0% |
| Operating profit (loss) | 9901 | -€118,427 | €28,677 | +€147,104 | |
| Financial income | 75/76B | €478 | €106 | -€372 | -77.9% |
| Recurring financial income | 75 | €478 | €106 | -€372 | -77.9% |
| Financial charges | 65/66B | €32,277 | €13,598 | -€18,680 | -57.9% |
| Recurring financial charges | 65 | €32,277 | €13,598 | -€18,680 | -57.9% |
| Profit (loss) for the period before taxes | 9903 | -€150,226 | €15,185 | +€165,411 | |
| Income taxes | 67/77 | €114 | €156 | +€43 | +37.6% |
| Profit (loss) for the period | 9904 | -€150,340 | €15,029 | +€165,369 | |
| Profit (loss) for the period to be appropriated | 9905 | -€150,340 | €15,029 | +€165,369 |
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 2 October 2026 via checked.be.