JELAU: 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.
JELAU
Largest movements
- Stocks and contracts -€32,014
down €32,014 (-76.2%), from €42,007 to €9,993
- Receivables within one year -€29,135
down €29,135 (-41.3%), from €70,612 to €41,477
of which Other amounts receivable: -€28,912
- Cash +€28,932
up €28,932 (+93.9%), from €30,821 to €59,753
mainly Stocks and contracts (+€32,014) and Receivables within one year (+€29,135)
- Tangible fixed assets +€9,213
up €9,213 (+24.7%), from €37,325 to €46,538
of which Plant, machinery and equipment: +€14,410
- Profit (loss) carried forward -€31,450
down €31,450 (-57.9%), from €54,293 to €22,843
- Tax, wage and social debts +€5,271
up €5,271 (+28.7%), from €18,385 to €23,656
of which Taxes: +€4,528
- Gross operating margin -€9,789
down €9,789 (-10.9%), from €90,167 to €80,378
- Staff costs +€7,231
up €7,231 (+11.9%), from €60,611 to €67,842
- Depreciation +€3,222
up €3,222 (+31.0%), from €10,385 to €13,607
- Taxes -€1,487
down €1,487 (-68.4%), from €2,173 to €686
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.
Cash bridge derived
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 | €180,885 | €157,881 | -€23,004 | -12.7% |
| Fixed assets | 21/28 | €37,445 | €46,658 | +€9,213 | +24.6% |
| Tangible fixed assets | 22/27 | €37,325 | €46,538 | +€9,213 | +24.7% |
| Plant, machinery and equipment | 23 | €6,103 | €20,513 | +€14,410 | +236.1% |
| Furniture and vehicles | 24 | €16,545 | €14,832 | -€1,713 | -10.4% |
| Other tangible fixed assets | 26 | €14,677 | €11,193 | -€3,484 | -23.7% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €143,440 | €111,223 | -€32,217 | -22.5% |
| Stocks and contracts in progress | 3 | €42,007 | €9,993 | -€32,014 | -76.2% |
| Stocks | 30/36 | €42,007 | €9,993 | -€32,014 | -76.2% |
| Amounts receivable within one year | 40/41 | €70,612 | €41,477 | -€29,135 | -41.3% |
| Trade receivables | 40 | €1,050 | €827 | -€223 | -21.2% |
| Other amounts receivable | 41 | €69,562 | €40,650 | -€28,912 | -41.6% |
| Cash at bank and in hand | 54/58 | €30,821 | €59,753 | +€28,932 | +93.9% |
| Total equity and liabilities | 10/49 | €180,885 | €157,881 | -€23,004 | -12.7% |
| Equity | 10/15 | €95,618 | €64,168 | -€31,450 | -32.9% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €10,325 | €10,325 | = | 0.0% |
| Distributable reserves | 133 | €10,325 | €10,325 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,293 | €22,843 | -€31,450 | -57.9% |
| Amounts payable | 17/49 | €85,267 | €93,713 | +€8,446 | +9.9% |
| Amounts payable within one year | 42/48 | €85,267 | €93,713 | +€8,446 | +9.9% |
| Trade debts | 44 | €18,893 | €20,651 | +€1,758 | +9.3% |
| Suppliers | 440/4 | €18,893 | €20,651 | +€1,758 | +9.3% |
| Taxes, remuneration and social security | 45 | €18,385 | €23,656 | +€5,271 | +28.7% |
| Taxes | 450/3 | €12,014 | €16,542 | +€4,528 | +37.7% |
| Remuneration and social security | 454/9 | €6,371 | €7,114 | +€743 | +11.7% |
| Other amounts payable | 47/48 | €47,989 | €49,406 | +€1,417 | +3.0% |
| Remuneration, social security and pensions | 62 | €60,611 | €67,842 | +€7,231 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,385 | €13,607 | +€3,222 | +31.0% |
| Other operating charges | 640/8 | €907 | €1,430 | +€523 | +57.7% |
| Non-recurring operating charges | 66A | - | €18,441 | +€18,441 | |
| Gross operating margin | 9900 | €90,167 | €80,378 | -€9,789 | -10.9% |
| Operating profit (loss) | 9901 | €18,264 | -€20,942 | -€39,206 | |
| Financial charges | 65/66B | €9,045 | €9,822 | +€777 | +8.6% |
| Recurring financial charges | 65 | €9,045 | €9,822 | +€777 | +8.6% |
| Profit (loss) for the period before taxes | 9903 | €9,219 | -€30,764 | -€39,983 | |
| Income taxes | 67/77 | €2,173 | €686 | -€1,487 | -68.4% |
| Profit (loss) for the period | 9904 | €7,046 | -€31,450 | -€38,496 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,046 | -€31,450 | -€38,496 |
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 11 October 2026 via checked.be.