JEL-TECHNICS: what changed
JEL-TECHNICS
Largest movements
- Tangible fixed assets +€8,732
up €8,732 (+114%), from €7,687 to €16,420
of which Furniture and vehicles: +€6,028
- Cash -€2,547
down €2,547 (-5.6%), from €45,807 to €43,260
mainly Investment in fixed assets (net) (-€11,920) and Contributions, distributions and other (-€10,213)
- Receivables within one year +€1,150
up €1,150 (+14.0%), from €8,228 to €9,378
- Deferred charges and accrued income +€889
up €889 (+2,043%), from €44 to €933
- Reserves +€15,558
up €15,558 (+40.2%), from €38,719 to €54,278
- Tax, wage and social debts -€6,059
down €6,059 (-34.9%), from €17,378 to €11,318
- Other debts -€743
down €743 (-52.4%), from €1,418 to €676
- Gross operating margin +€9,220
up €9,220 (+29.4%), from €31,352 to €40,572
- Taxes +€3,474
up €3,474 (+47.8%), from €7,263 to €10,737
- Financial charges -€3,333
down €3,333 (-96.8%), from €3,441 to €108
- Other operating charges -€814
down €814 (-49.8%), from €1,634 to €820
- Depreciation +€523
up €523 (+19.6%), from €2,665 to €3,187
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €61,766 | €69,990 | +€8,224 | +13.3% |
| Fixed assets | 21/28 | €7,687 | €16,420 | +€8,732 | +114% |
| Tangible fixed assets | 22/27 | €7,687 | €16,420 | +€8,732 | +114% |
| Plant, machinery and equipment | 23 | €3,305 | €2,477 | -€827 | -25.0% |
| Furniture and vehicles | 24 | - | €6,028 | +€6,028 | |
| Other tangible fixed assets | 26 | €4,383 | €7,915 | +€3,532 | +80.6% |
| Current assets | 29/58 | €54,079 | €53,571 | -€508 | -0.9% |
| Amounts receivable within one year | 40/41 | €8,228 | €9,378 | +€1,150 | +14.0% |
| Trade receivables | 40 | €8,228 | €9,378 | +€1,150 | +14.0% |
| Cash at bank and in hand | 54/58 | €45,807 | €43,260 | -€2,547 | -5.6% |
| Deferred charges and accrued income | 490/1 | €44 | €933 | +€889 | +2,043% |
| Total equity and liabilities | 10/49 | €61,766 | €69,990 | +€8,224 | +13.3% |
| Equity | 10/15 | €41,719 | €57,278 | +€15,558 | +37.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €38,719 | €54,278 | +€15,558 | +40.2% |
| Distributable reserves | 133 | €38,719 | €54,278 | +€15,558 | +40.2% |
| Amounts payable | 17/49 | €20,047 | €12,713 | -€7,334 | -36.6% |
| Amounts payable within one year | 42/48 | €20,047 | €12,713 | -€7,334 | -36.6% |
| Trade debts | 44 | €1,251 | €719 | -€532 | -42.5% |
| Suppliers | 440/4 | €1,251 | €719 | -€532 | -42.5% |
| Taxes, remuneration and social security | 45 | €17,378 | €11,318 | -€6,059 | -34.9% |
| Taxes | 450/3 | €17,378 | €11,318 | -€6,059 | -34.9% |
| Other amounts payable | 47/48 | €1,418 | €676 | -€743 | -52.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,665 | €3,187 | +€523 | +19.6% |
| Other operating charges | 640/8 | €1,634 | €820 | -€814 | -49.8% |
| Gross operating margin | 9900 | €31,352 | €40,572 | +€9,220 | +29.4% |
| Operating profit (loss) | 9901 | €27,053 | €36,564 | +€9,511 | +35.2% |
| Financial income | 75/76B | €40 | €53 | +€13 | +32.7% |
| Recurring financial income | 75 | €40 | €53 | +€13 | +32.7% |
| Financial charges | 65/66B | €3,441 | €108 | -€3,333 | -96.8% |
| Recurring financial charges | 65 | €3,441 | €108 | -€3,333 | -96.8% |
| Profit (loss) for the period before taxes | 9903 | €23,652 | €36,509 | +€12,857 | +54.4% |
| Income taxes | 67/77 | €7,263 | €10,737 | +€3,474 | +47.8% |
| Profit (loss) for the period | 9904 | €16,389 | €25,771 | +€9,383 | +57.3% |
| Profit (loss) for the period to be appropriated | 9905 | €16,389 | €25,771 | +€9,383 | +57.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.