JELECO: 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.
JELECO
Largest movements
- Receivables within one year +€28,240
up €28,240 (+59.7%), from €47,296 to €75,536
of which Trade receivables: +€26,468
- Tangible fixed assets -€12,338
down €12,338 (-48.6%), from €25,412 to €13,073
of which Furniture and vehicles: -€7,740
- Cash -€7,005
down €7,005 (-53.1%), from €13,196 to €6,191
mainly Receivables within one year (-€28,240) and Tax, wage and social debts (-€19,516)
- Deferred charges and accrued income +€3,473
up €3,473 (+926.1%), from €375 to €3,848
- Trade debts +€40,064
up €40,064 (+109.4%), from €36,632 to €76,696
- Tax, wage and social debts -€19,516
down €19,516 (-62.3%), from €31,329 to €11,813
of which Taxes: -€14,453
- Profit (loss) carried forward -€15,864
down €15,864 (-33.6%), from -€47,256 to -€63,119
- Accrued charges and deferred income +€10,810
new in 2025: €10,810
- Current portion of long-term debt -€10,462
down €10,462 (-73.1%), from €14,310 to €3,848
- Staff costs -€60,933
down €60,933 (-43.7%), from €139,530 to €78,597
- Gross operating margin -€35,447
down €35,447 (-30.0%), from €118,219 to €82,772
- Depreciation -€4,420
down €4,420 (-21.9%), from €20,150 to €15,730
- Other operating charges -€4,180
down €4,180 (-91.5%), from €4,568 to €388
- Financial charges +€2,142
up €2,142 (+98.2%), from €2,182 to €4,323
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 | €151,964 | €163,027 | +€11,063 | +7.3% |
| Fixed assets | 21/28 | €25,412 | €13,073 | -€12,338 | -48.6% |
| Tangible fixed assets | 22/27 | €25,412 | €13,073 | -€12,338 | -48.6% |
| Plant, machinery and equipment | 23 | €15,391 | €10,793 | -€4,598 | -29.9% |
| Furniture and vehicles | 24 | €10,021 | €2,280 | -€7,740 | -77.2% |
| Current assets | 29/58 | €126,552 | €149,953 | +€23,401 | +18.5% |
| Stocks and contracts in progress | 3 | €65,685 | €64,378 | -€1,307 | -2.0% |
| Stocks | 30/36 | €65,685 | €64,378 | -€1,307 | -2.0% |
| Amounts receivable within one year | 40/41 | €47,296 | €75,536 | +€28,240 | +59.7% |
| Trade receivables | 40 | €38,735 | €65,203 | +€26,468 | +68.3% |
| Other amounts receivable | 41 | €8,561 | €10,333 | +€1,771 | +20.7% |
| Cash at bank and in hand | 54/58 | €13,196 | €6,191 | -€7,005 | -53.1% |
| Deferred charges and accrued income | 490/1 | €375 | €3,848 | +€3,473 | +926.1% |
| Total equity and liabilities | 10/49 | €151,964 | €163,027 | +€11,063 | +7.3% |
| Equity | 10/15 | €63,872 | €48,008 | -€15,864 | -24.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €107,128 | €107,128 | = | 0.0% |
| Distributable reserves | 133 | €107,128 | €107,128 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,256 | -€63,119 | -€15,864 | -33.6% |
| Amounts payable | 17/49 | €88,092 | €115,018 | +€26,926 | +30.6% |
| Amounts payable within one year | 42/48 | €88,092 | €104,208 | +€16,116 | +18.3% |
| Current portion of amounts payable after more than one year | 42 | €14,310 | €3,848 | -€10,462 | -73.1% |
| Trade debts | 44 | €36,632 | €76,696 | +€40,064 | +109.4% |
| Suppliers | 440/4 | €36,632 | €76,696 | +€40,064 | +109.4% |
| Advances received on contracts in progress | 46 | €3,080 | €3,080 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €31,329 | €11,813 | -€19,516 | -62.3% |
| Taxes | 450/3 | €14,485 | €32 | -€14,453 | -99.8% |
| Remuneration and social security | 454/9 | €16,844 | €11,781 | -€5,063 | -30.1% |
| Other amounts payable | 47/48 | €2,741 | €8,772 | +€6,030 | +220.0% |
| Accrued charges and deferred income | 492/3 | - | €10,810 | +€10,810 | |
| Remuneration, social security and pensions | 62 | €139,530 | €78,597 | -€60,933 | -43.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,150 | €15,730 | -€4,420 | -21.9% |
| Other operating charges | 640/8 | €4,568 | €388 | -€4,180 | -91.5% |
| Gross operating margin | 9900 | €118,219 | €82,772 | -€35,447 | -30.0% |
| Operating profit (loss) | 9901 | -€46,029 | -€11,943 | +€34,086 | +74.1% |
| Financial income | 75/76B | €955 | €451 | -€504 | -52.8% |
| Recurring financial income | 75 | €955 | €451 | -€504 | -52.8% |
| Financial charges | 65/66B | €2,182 | €4,323 | +€2,142 | +98.2% |
| Recurring financial charges | 65 | €2,182 | €4,323 | +€2,142 | +98.2% |
| Profit (loss) for the period before taxes | 9903 | -€47,256 | -€15,815 | +€31,440 | +66.5% |
| Income taxes | 67/77 | - | €48 | +€48 | |
| Profit (loss) for the period | 9904 | -€47,256 | -€15,864 | +€31,392 | +66.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,256 | -€15,864 | +€31,392 | +66.4% |
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 10 October 2026 via checked.be.