JELA CONSULT: 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.
JELA CONSULT
Largest movements
- Tangible fixed assets -€11,512
down €11,512 (-24.3%), from €47,329 to €35,817
of which Furniture and vehicles: -€7,380
- Financial fixed assets -€6,197
no longer reported in 2025 (was €6,197)
- Receivables within one year +€6,114
up €6,114 (+48.5%), from €12,617 to €18,731
of which Other amounts receivable: +€18,731
- Cash +€5,880
up €5,880 (+1.5%), from €380,729 to €386,609
mainly Depreciation (+€11,513) and Investment in fixed assets (net) (+€6,196)
No liability line moved by more than 1% of the balance sheet total.
- Financial charges -€125,065
down €125,065 (-95.0%), from €131,587 to €6,522
- Gross operating margin -€53,538
down €53,538 (-86.0%), from €62,268 to €8,730
- Taxes -€19,867
down €19,867 (-95.1%), from €20,901 to €1,034
- Financial income -€18,613
down €18,613 (-64.0%), from €29,077 to €10,464
- Other operating charges -€1,986
down €1,986 (-65.8%), from €3,016 to €1,030
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 | €446,872 | €441,353 | -€5,519 | -1.2% |
| Fixed assets | 21/28 | €53,526 | €35,817 | -€17,709 | -33.1% |
| Tangible fixed assets | 22/27 | €47,329 | €35,817 | -€11,512 | -24.3% |
| Furniture and vehicles | 24 | €32,538 | €25,158 | -€7,380 | -22.7% |
| Other tangible fixed assets | 26 | €14,791 | €10,659 | -€4,132 | -27.9% |
| Financial fixed assets | 28 | €6,197 | - | -€6,197 | |
| Current assets | 29/58 | €393,346 | €405,536 | +€12,190 | +3.1% |
| Amounts receivable within one year | 40/41 | €12,617 | €18,731 | +€6,114 | +48.5% |
| Trade receivables | 40 | €12,617 | - | -€12,617 | |
| Other amounts receivable | 41 | - | €18,731 | +€18,731 | |
| Cash at bank and in hand | 54/58 | €380,729 | €386,609 | +€5,880 | +1.5% |
| Deferred charges and accrued income | 490/1 | - | €196 | +€196 | |
| Total equity and liabilities | 10/49 | €446,872 | €441,353 | -€5,519 | -1.2% |
| Equity | 10/15 | €436,653 | €434,192 | -€2,461 | -0.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €228,629 | €227,323 | -€1,306 | -0.6% |
| Tax-exempt reserves | 132 | €3,806 | €2,500 | -€1,306 | -34.3% |
| Distributable reserves | 133 | €224,823 | €224,823 | = | 0.0% |
| Profit (loss) carried forward | 14 | €189,424 | €188,269 | -€1,155 | -0.6% |
| Amounts payable | 17/49 | €10,219 | €7,161 | -€3,058 | -29.9% |
| Amounts payable within one year | 42/48 | €10,219 | €7,161 | -€3,058 | -29.9% |
| Trade debts | 44 | €4,093 | €2,809 | -€1,284 | -31.4% |
| Suppliers | 440/4 | €4,093 | €2,809 | -€1,284 | -31.4% |
| Taxes, remuneration and social security | 45 | €2,902 | €1,172 | -€1,730 | -59.6% |
| Taxes | 450/3 | €2,902 | €1,172 | -€1,730 | -59.6% |
| Other amounts payable | 47/48 | €3,224 | €3,180 | -€44 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,535 | €11,513 | +€1,978 | +20.7% |
| Other operating charges | 640/8 | €3,016 | €1,030 | -€1,986 | -65.8% |
| Non-recurring operating charges | 66A | €2,237 | €250 | -€1,987 | -88.8% |
| Gross operating margin | 9900 | €62,268 | €8,730 | -€53,538 | -86.0% |
| Operating profit (loss) | 9901 | €47,480 | -€4,063 | -€51,543 | |
| Financial income | 75/76B | €29,077 | €10,464 | -€18,613 | -64.0% |
| Recurring financial income | 75 | €29,077 | €10,464 | -€18,613 | -64.0% |
| Financial charges | 65/66B | €131,587 | €6,522 | -€125,065 | -95.0% |
| Recurring financial charges | 65 | €131,587 | €6,522 | -€125,065 | -95.0% |
| Profit (loss) for the period before taxes | 9903 | -€55,030 | -€121 | +€54,909 | +99.8% |
| Income taxes | 67/77 | €20,901 | €1,034 | -€19,867 | -95.1% |
| Profit (loss) for the period | 9904 | -€75,931 | -€1,155 | +€74,776 | +98.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€75,931 | -€1,155 | +€74,776 | +98.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.