JEKER: 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.
JEKER
Largest movements
- Receivables within one year +€323,741
up €323,741 (+288.7%), from €112,149 to €435,891
- Cash -€66,523
down €66,523 (-39.1%), from €170,032 to €103,509
mainly Receivables within one year (-€323,741) and Investment in fixed assets (net) (-€64,117)
- Tangible fixed assets +€23,260
up €23,260 (+11.9%), from €194,646 to €217,905
of which Land and buildings: +€52,867
- Reserves +€296,360
up €296,360 (+243.9%), from €121,485 to €417,844
- Accrued charges and deferred income +€38,882
up €38,882 (+95.6%), from €40,692 to €79,574
- Debts after one year -€28,863
down €28,863 (-3.0%), from €959,013 to €930,151
of which Financial debts: -€28,863
- Trade debts -€19,949
down €19,949 (-49.5%), from €40,307 to €20,358
- Financial income +€239,739
up €239,739 (+319.7%), from €75,000 to €314,739
- Gross operating margin -€45,610
down €45,610 (-36.0%), from €126,666 to €81,056
- Depreciation +€34,939
up €34,939 (+590.4%), from €5,918 to €40,858
- Other operating charges -€12,712
down €12,712 (-97.6%), from €13,029 to €317
- Taxes -€8,746
down €8,746 (-46.5%), from €18,804 to €10,058
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 | €1,315,828 | €1,598,480 | +€282,652 | +21.5% |
| Fixed assets | 21/28 | €1,033,646 | €1,056,905 | +€23,260 | +2.3% |
| Tangible fixed assets | 22/27 | €194,646 | €217,905 | +€23,260 | +11.9% |
| Land and buildings | 22 | - | €52,867 | +€52,867 | |
| Furniture and vehicles | 24 | €194,646 | €161,827 | -€32,819 | -16.9% |
| Other tangible fixed assets | 26 | - | €3,211 | +€3,211 | |
| Financial fixed assets | 28 | €839,000 | €839,000 | = | 0.0% |
| Current assets | 29/58 | €282,182 | €541,574 | +€259,392 | +91.9% |
| Amounts receivable within one year | 40/41 | €112,149 | €435,891 | +€323,741 | +288.7% |
| Other amounts receivable | 41 | €112,149 | €435,891 | +€323,741 | +288.7% |
| Cash at bank and in hand | 54/58 | €170,032 | €103,509 | -€66,523 | -39.1% |
| Deferred charges and accrued income | 490/1 | - | €2,174 | +€2,174 | |
| Total equity and liabilities | 10/49 | €1,315,828 | €1,598,480 | +€282,652 | +21.5% |
| Equity | 10/15 | €126,485 | €422,844 | +€296,360 | +234.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €121,485 | €417,844 | +€296,360 | +243.9% |
| Distributable reserves | 133 | €121,485 | €417,844 | +€296,360 | +243.9% |
| Amounts payable | 17/49 | €1,189,343 | €1,175,635 | -€13,707 | -1.2% |
| Amounts payable after more than one year | 17 | €959,013 | €930,151 | -€28,863 | -3.0% |
| Financial debts | 170/4 | €120,013 | €91,151 | -€28,863 | -24.0% |
| Other amounts payable | 178/9 | €839,000 | €839,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €189,638 | €165,911 | -€23,727 | -12.5% |
| Current portion of amounts payable after more than one year | 42 | €27,720 | €28,863 | +€1,142 | +4.1% |
| Trade debts | 44 | €40,307 | €20,358 | -€19,949 | -49.5% |
| Suppliers | 440/4 | €40,307 | €20,358 | -€19,949 | -49.5% |
| Taxes, remuneration and social security | 45 | €37,501 | €28,863 | -€8,639 | -23.0% |
| Taxes | 450/3 | €37,501 | €28,863 | -€8,639 | -23.0% |
| Other amounts payable | 47/48 | €84,109 | €87,827 | +€3,718 | +4.4% |
| Accrued charges and deferred income | 492/3 | €40,692 | €79,574 | +€38,882 | +95.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,918 | €40,858 | +€34,939 | +590.4% |
| Other operating charges | 640/8 | €13,029 | €317 | -€12,712 | -97.6% |
| Gross operating margin | 9900 | €126,666 | €81,056 | -€45,610 | -36.0% |
| Operating profit (loss) | 9901 | €107,719 | €39,882 | -€67,837 | -63.0% |
| Financial income | 75/76B | €75,000 | €314,739 | +€239,739 | +319.7% |
| Recurring financial income | 75 | €75,000 | €314,739 | +€239,739 | +319.7% |
| Financial charges | 65/66B | €42,429 | €48,203 | +€5,773 | +13.6% |
| Recurring financial charges | 65 | €42,429 | €48,203 | +€5,773 | +13.6% |
| Profit (loss) for the period before taxes | 9903 | €140,289 | €306,418 | +€166,128 | +118.4% |
| Income taxes | 67/77 | €18,804 | €10,058 | -€8,746 | -46.5% |
| Profit (loss) for the period | 9904 | €121,485 | €296,360 | +€174,875 | +143.9% |
| Profit (loss) for the period to be appropriated | 9905 | €121,485 | €296,360 | +€174,875 | +143.9% |
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 3 October 2026 via checked.be.