JEL Holding: 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.
JEL Holding
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€40,553
down €40,553, from €38,218 to -€2,335
- Financial income +€10,000
up €10,000 (+69.6%), from €14,366 to €24,366
- Taxes +€2,456
up €2,456 (+73.3%), from €3,352 to €5,808
- Financial charges +€580
up €580 (+421%), from €138 to €719
- Other operating charges -€384
no longer reported in 2024 (was €384)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,154,004 | €10,174,420 | +€20,416 | +0.2% |
| Fixed assets | 21/28 | €8,900,000 | €8,900,000 | = | 0.0% |
| Financial fixed assets | 28 | €8,900,000 | €8,900,000 | = | 0.0% |
| Current assets | 29/58 | €1,254,004 | €1,274,420 | +€20,416 | +1.6% |
| Amounts receivable after more than one year | 29 | €1,225,650 | €1,246,650 | +€21,000 | +1.7% |
| Other amounts receivable | 291 | €1,225,650 | €1,246,650 | +€21,000 | +1.7% |
| Amounts receivable within one year | 40/41 | €27,225 | €27,691 | +€466 | +1.7% |
| Trade receivables | 40 | €27,225 | €27,225 | = | 0.0% |
| Other amounts receivable | 41 | - | €466 | +€466 | |
| Cash at bank and in hand | 54/58 | €1,129 | €79 | -€1,050 | -93.0% |
| Total equity and liabilities | 10/49 | €10,154,004 | €10,174,420 | +€20,416 | +0.2% |
| Equity | 10/15 | €10,121,807 | €10,137,312 | +€15,505 | +0.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €457,501 | €457,501 | = | 0.0% |
| Reserves | 13 | €9,500,124 | €9,500,124 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €9,493,924 | €9,493,924 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,182 | €117,687 | +€15,505 | +15.2% |
| Amounts payable | 17/49 | €32,197 | €37,108 | +€4,911 | +15.3% |
| Amounts payable within one year | 42/48 | €32,197 | €37,108 | +€4,911 | +15.3% |
| Financial debts | 43 | €20,000 | €20,000 | = | 0.0% |
| Other loans | 439 | €20,000 | €20,000 | = | 0.0% |
| Trade debts | 44 | €2,529 | €5,214 | +€2,685 | +106% |
| Suppliers | 440/4 | €2,529 | €5,214 | +€2,685 | +106% |
| Taxes, remuneration and social security | 45 | €8,210 | €9,397 | +€1,187 | +14.5% |
| Taxes | 450/3 | €8,210 | €9,397 | +€1,187 | +14.5% |
| Other amounts payable | 47/48 | €1,458 | €2,497 | +€1,039 | +71.3% |
| Non-recurring operating income | 76A | €38,611 | - | -€38,611 | |
| Other operating charges | 640/8 | €384 | - | -€384 | |
| Gross operating margin | 9900 | €38,218 | -€2,335 | -€40,553 | |
| Operating profit (loss) | 9901 | €37,834 | -€2,335 | -€40,168 | |
| Financial income | 75/76B | €14,366 | €24,366 | +€10,000 | +69.6% |
| Recurring financial income | 75 | €14,366 | €24,366 | +€10,000 | +69.6% |
| Financial charges | 65/66B | €138 | €719 | +€580 | +421% |
| Recurring financial charges | 65 | €138 | €719 | +€580 | +421% |
| Profit (loss) for the period before taxes | 9903 | €52,062 | €21,313 | -€30,749 | -59.1% |
| Income taxes | 67/77 | €3,352 | €5,808 | +€2,456 | +73.3% |
| Profit (loss) for the period | 9904 | €48,709 | €15,505 | -€33,204 | -68.2% |
| Profit (loss) for the period to be appropriated | 9905 | €48,709 | €15,505 | -€33,204 | -68.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.