JEL! Licensing: 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! Licensing
Largest movements
- Receivables within one year -€988
down €988 (-49.5%), from €1,996 to €1,008
of which Other amounts receivable: -€928
- Cash -€452
down €452 (-53.9%), from €838 to €386
mainly Net result for the year (-€6,513)
- Profit (loss) carried forward -€6,513
down €6,513 (-82.5%), from -€7,899 to -€14,411
- Other debts +€4,601
up €4,601 (+96.2%), from €4,782 to €9,383
- Tax, wage and social debts +€425
up €425 (+57.6%), from €737 to €1,162
- Gross operating margin -€4,067
down €4,067 (-328%), from -€1,239 to -€5,307
- Turnover -€2,255
down €2,255 (-20.4%), from €11,072 to €8,817
- Purchases and services +€1,812
up €1,812 (+14.7%), from €12,311 to €14,123
- Other operating charges +€582
up €582 (+108%), from €539 to €1,121
- Taxes -€417
no longer reported in 2025 (was €417)
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 | €5,834 | €4,394 | -€1,440 | -24.7% |
| Fixed assets | 21/28 | €3,000 | €3,000 | = | 0.0% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €2,834 | €1,394 | -€1,440 | -50.8% |
| Amounts receivable within one year | 40/41 | €1,996 | €1,008 | -€988 | -49.5% |
| Trade receivables | 40 | €968 | €908 | -€61 | -6.3% |
| Other amounts receivable | 41 | €1,028 | €100 | -€928 | -90.2% |
| Cash at bank and in hand | 54/58 | €838 | €386 | -€452 | -53.9% |
| Total equity and liabilities | 10/49 | €5,834 | €4,394 | -€1,440 | -24.7% |
| Equity | 10/15 | €161 | -€6,351 | -€6,513 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,899 | -€14,411 | -€6,513 | -82.5% |
| Amounts payable | 17/49 | €5,673 | €10,745 | +€5,072 | +89.4% |
| Amounts payable within one year | 42/48 | €5,673 | €10,745 | +€5,072 | +89.4% |
| Trade debts | 44 | €154 | €200 | +€46 | +30.0% |
| Suppliers | 440/4 | €154 | €200 | +€46 | +30.0% |
| Taxes, remuneration and social security | 45 | €737 | €1,162 | +€425 | +57.6% |
| Taxes | 450/3 | €737 | €1,162 | +€425 | +57.6% |
| Other amounts payable | 47/48 | €4,782 | €9,383 | +€4,601 | +96.2% |
| Turnover | 70 | €11,072 | €8,817 | -€2,255 | -20.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €12,311 | €14,123 | +€1,812 | +14.7% |
| Other operating charges | 640/8 | €539 | €1,121 | +€582 | +108% |
| Gross operating margin | 9900 | -€1,239 | -€5,307 | -€4,067 | -328% |
| Operating profit (loss) | 9901 | -€1,779 | -€6,428 | -€4,649 | -261% |
| Financial income | 75/76B | €62 | - | -€62 | |
| Recurring financial income | 75 | €62 | - | -€62 | |
| Financial charges | 65/66B | €95 | €85 | -€10 | -11.0% |
| Recurring financial charges | 65 | €95 | €85 | -€10 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,811 | -€6,513 | -€4,701 | -260% |
| Income taxes | 67/77 | €417 | - | -€417 | |
| Profit (loss) for the period | 9904 | -€2,228 | -€6,513 | -€4,284 | -192% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,228 | -€6,513 | -€4,284 | -192% |
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 14 October 2026 via checked.be.