JELANI CONCEPT: 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.
What changed
JELANI CONCEPT
NACE 68.110, Buying and selling of own real estate
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€8,167
2024 · €20,146-€28,313
Equity
€385,069
2024 · €393,235-€8,167
Cash
€71,904
2024 · €54,821+€17,083
Balance sheet total
€2.4m
2024 · €2.6m-€204,505
Largest movements
Assets
- Receivables within one year -€118,384
down €118,384 (-52.1%), from €227,314 to €108,930
of which Trade receivables: -€110,020
- Tangible fixed assets -€83,464
down €83,464 (-4.6%), from €1.8m to €1.7m
of which Land and buildings: -€64,610
Equity and liabilities
- Debts after one year -€73,982
down €73,982 (-7.4%), from €999,708 to €925,726
of which Financial debts: -€75,412
- Trade debts -€54,461
down €54,461 (-18.7%), from €290,682 to €236,221
- Other debts -€43,758
down €43,758 (-53.3%), from €82,132 to €38,374
Income statement
- Depreciation +€37,120
up €37,120 (+24.8%), from €149,857 to €186,978
- Staff costs -€32,759
down €32,759 (-11.4%), from €286,518 to €253,759
- Financial charges +€19,154
up €19,154 (+34.8%), from €55,056 to €74,210
- Financial income +€16,782
up €16,782 (+3,692%), from €455 to €17,237
- Gross operating margin -€16,522
down €16,522 (-3.2%), from €521,786 to €505,263
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.
Result 2024
€20,146
Gross operating margin
-€16,522
Staff costs
+€32,759
Depreciation
-€37,120
Other operating charges
-€1,342
Other operating items
+€3,136
Financial income
+€16,782
Financial charges
-€19,154
Taxes
-€7,138
Deferred taxes and other
+€287
Result 2025
-€8,167
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€179,936
Investment
-€80,421
Financing
-€82,432
Cash 2024
€54,821
From operations (derived)
+€179,936
Net result for the year
-€8,167
Depreciation
+€186,978
Stocks and contracts
-€3,103
Receivables within one year
+€118,384
Smaller working-capital items
-€347
Provisions
-€2,353
Trade debts
-€54,461
Tax, wage and social debts
-€13,237
Other debts
-€43,758
Investment (derived)
-€80,421
Investment in fixed assets (net)
-€80,421
Financing
-€82,432
Debts after one year
-€73,982
Current portion of long-term debt
-€8,450
Cash 2025
€71,904
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,588,813 | €2,384,308 | -€204,505 | -7.9% |
| Fixed assets | 21/28 | €1,871,243 | €1,764,687 | -€106,557 | -5.7% |
| Intangible fixed assets | 21 | €63,745 | €44,391 | -€19,354 | -30.4% |
| Tangible fixed assets | 22/27 | €1,803,451 | €1,719,987 | -€83,464 | -4.6% |
| Land and buildings | 22 | €1,632,097 | €1,567,487 | -€64,610 | -4.0% |
| Plant, machinery and equipment | 23 | €120,541 | €108,236 | -€12,305 | -10.2% |
| Furniture and vehicles | 24 | €30,608 | €29,672 | -€937 | -3.1% |
| Leasing and similar rights | 25 | €20,205 | €14,592 | -€5,612 | -27.8% |
| Financial fixed assets | 28 | €4,048 | €308 | -€3,739 | -92.4% |
| Current assets | 29/58 | €717,570 | €619,621 | -€97,948 | -13.7% |
| Stocks and contracts in progress | 3 | €428,744 | €431,847 | +€3,103 | +0.7% |
| Stocks | 30/36 | €428,744 | €431,847 | +€3,103 | +0.7% |
| Amounts receivable within one year | 40/41 | €227,314 | €108,930 | -€118,384 | -52.1% |
| Trade receivables | 40 | €210,193 | €100,173 | -€110,020 | -52.3% |
| Other amounts receivable | 41 | €17,121 | €8,757 | -€8,364 | -48.9% |
| Cash at bank and in hand | 54/58 | €54,821 | €71,904 | +€17,083 | +31.2% |
| Deferred charges and accrued income | 490/1 | €6,691 | €6,940 | +€249 | +3.7% |
| Total equity and liabilities | 10/49 | €2,588,813 | €2,384,308 | -€204,505 | -7.9% |
| Equity | 10/15 | €393,235 | €385,069 | -€8,167 | -2.1% |
| Contributions | 10/11 | €86,250 | €86,250 | = | 0.0% |
| Revaluation surpluses | 12 | €175,000 | €175,000 | = | 0.0% |
| Reserves | 13 | €48,260 | €43,690 | -€4,569 | -9.5% |
| Tax-exempt reserves | 132 | €48,260 | €43,690 | -€4,569 | -9.5% |
| Profit (loss) carried forward | 14 | €83,726 | €80,128 | -€3,598 | -4.3% |
| Provisions and deferred taxes | 16 | €24,850 | €22,497 | -€2,353 | -9.5% |
| Deferred taxes | 168 | €24,850 | €22,497 | -€2,353 | -9.5% |
| Amounts payable | 17/49 | €2,170,728 | €1,976,742 | -€193,985 | -8.9% |
| Amounts payable after more than one year | 17 | €999,708 | €925,726 | -€73,982 | -7.4% |
| Financial debts | 170/4 | €736,843 | €661,431 | -€75,412 | -10.2% |
| Other amounts payable | 178/9 | €262,864 | €264,294 | +€1,430 | +0.5% |
| Amounts payable within one year | 42/48 | €1,164,521 | €1,044,616 | -€119,905 | -10.3% |
| Current portion of amounts payable after more than one year | 42 | €101,528 | €93,079 | -€8,450 | -8.3% |
| Financial debts | 43 | €626,000 | €626,000 | = | 0.0% |
| Credit institutions | 430/8 | €626,000 | €626,000 | = | 0.0% |
| Trade debts | 44 | €290,682 | €236,221 | -€54,461 | -18.7% |
| Suppliers | 440/4 | €290,682 | €236,221 | -€54,461 | -18.7% |
| Taxes, remuneration and social security | 45 | €64,179 | €50,942 | -€13,237 | -20.6% |
| Taxes | 450/3 | €23,829 | €16,682 | -€7,147 | -30.0% |
| Remuneration and social security | 454/9 | €40,350 | €34,261 | -€6,089 | -15.1% |
| Other amounts payable | 47/48 | €82,132 | €38,374 | -€43,758 | -53.3% |
| Accrued charges and deferred income | 492/3 | €6,499 | €6,401 | -€98 | -1.5% |
| Remuneration, social security and pensions | 62 | €286,518 | €253,759 | -€32,759 | -11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €149,857 | €186,978 | +€37,120 | +24.8% |
| Other operating charges | 640/8 | €12,939 | €14,281 | +€1,342 | +10.4% |
| Non-recurring operating charges | 66A | €3,461 | €325 | -€3,136 | -90.6% |
| Gross operating margin | 9900 | €521,786 | €505,263 | -€16,522 | -3.2% |
| Operating profit (loss) | 9901 | €69,011 | €49,921 | -€19,090 | -27.7% |
| Financial income | 75/76B | €455 | €17,237 | +€16,782 | +3,692% |
| Recurring financial income | 75 | €455 | €17,237 | +€16,782 | +3,692% |
| Financial charges | 65/66B | €55,056 | €74,210 | +€19,154 | +34.8% |
| Recurring financial charges | 65 | €55,056 | €74,210 | +€19,154 | +34.8% |
| Profit (loss) for the period before taxes | 9903 | €14,410 | -€7,052 | -€21,462 | |
| Transfer from deferred taxes | 780 | €2,066 | €2,353 | +€287 | +13.9% |
| Income taxes | 67/77 | -€3,671 | €3,468 | +€7,138 | |
| Profit (loss) for the period | 9904 | €20,146 | -€8,167 | -€28,313 | |
| Transfer from tax-exempt reserves | 789 | €4,012 | €4,569 | +€557 | +13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €24,158 | -€3,598 | -€27,756 |
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 21 October 2026 via checked.be.